Industry News

Veteran Music Industry and Rock Radio Figures Set to Gather in LA for Ninth Annual Reunion

im

In what has become somewhat of an informal annual tradition, on May 22, 2024, music industry and rock radio veterans from across the nation will come together at the Ninth Annual Music Industry Reunion. The event will take place at the legendary live music venue, the Sagebrush Cantina in Calabasas, California (just outside of LA). Doors open at 6:30 pm. A special component of this year’s event will be celebrating the lives of three recently departed legendary radio DJs: Jim Ladd (KMET, KLOS, SiriusXM, KLSX, KNAC); Geno Michellini (KLOS, KOME, KMEL, KFI, KLSX); and Dusty Street (KROQ, KSAN, KLOS, SiriusXM, KMPX). All were pioneers in the days of free form rock radio, breaking barriers and leading the way for generations to come. The special tribute will be hosted by Frazer Smith, legendary radio personality, actor and stand-up comedian. Smith’s unique on-air style at KROQ, KLOS, KMET, KLSX, and KRTH annoyed most parents and broke ground for countless zany or morning zoo radio programs, before he went on to movies (The Fisher King, Electric Dreams), TV (Dr. Ken, Quantum Leap), and stand-up comedy performances. According to organizers Jon Scott and Kenny Ryback, “The Music Industry Reunion prides itself on bringing together the best of the music business from around the world for this special evening of music, laughter and memories. Past reunions in New York and Los Angeles have reunited over 500 industry influencers, legends and icons as well as the brightest radio, music, management, publicity and marketing professionals in the business.” TALKERS publisher Michael Harrison adds, “So many folks currently in talk radio have roots in the fabulous ‘radio & records’ scene of the 70s, 80s, and 90s. This cool event is a positive and emotional coming together of old friends, enemies, colleagues and competitors. Very special!” New this year, attendees can enjoy light hors d’oeuvres as well as chips and salsa, along with $5 tequila shots. Additionally, the Sagebrush Cantina’s full menu will be available to purchase. Advance tickets are $30 (+ 3.85 Eventbrite service processing fee) and are available here. Find more information about the event here.

Industry News

TALKERS News Notes

“The Candy Valentino Show” joins the Cumulus Podcast Network. Cumulus says, “Entrepreneur and bestselling author Candy Valentino talks with some of the world’s most successful minds, including Tony Robbins, Daymond John, Ed Mylett, and Heidi Zak, while offering valuable insights drawn directly from her 26 years of expertise launching and selling her own businesses. She discusses wealth habits, business models, profit plans, real estate investing, and much more to help listeners achieve security and wealth.”

Audacy Podcasts launches “Women Talkin’ ‘Bout Murder,” an improvised comedy podcast series starring writers, producers, and actresses Liz Cackowski and Emily Spivey as true crime podcast hosts Donna and Jobeth. The podcast launches today (5/9) and new episodes drop weekly through July 11, 2024.

The Pittsburgh Pirates and Audacy Pittsburgh announce an extension of their radio broadcast agreement that will ensure KDKA-FM “93.7 The Fan” continues as the Pirates flagship radio station through the 2027 season. Audacy Pittsburgh will also continue to leverage the Pirates brand and game programming on its sister station KDKA-AM “News Radio” which is simulcast on 100.1 FM and 1020 AM, including the airing of all Pirates weekday afternoon games.

Industry News

Yesterday’s (5/8) Top News/Talk Media Stories

Former President Donald Trump’s hush money trial in NYC; Georgia Appeals Court to review Fani Willis status; the pro-Palestinian protests and the U.S. policy on arms to Israel; U.S. House blocks Marjorie Taylor Greene’s resolution to oust Speaker Mike Johnson; the presidential race; the state of the U.S. economy and voters’ feelings about “Bidenomics”; the Russia-Ukraine war; Barron Trump named Florida at-large delegate to the Republican National Convention; and the severe weather that hit much of the central U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

[
Industry News

John Curley to Receive 2024 Humanitarian of the Year Award

The TALKERS editorial board has announced the selection of colorful radio talk show host John Curley of KIRO “Newsradio 97.3 FM,” Seattle as the 2024 recipient of the publication’s Sharon L. Harrison Memorial Award for Outstanding Community Service. Curley will be presented the honor at the forthcoming TALKERS 2024: Radio and Beyond conference on Friday, June 7 at Hofstra University on Long Island, NY. Curley has co-hosted 3:00 pm – 7:00 pm afternoon drive on the Bonneville-owned news/talker for the past several years after serving in various time slots during the past decade, includingim mornings and late nights at the heritage station. Prior to that he served for 15 years as the local host of the evening magazine program on Seattle’s KING5 NBC. During his career on KIRO, Curley has spearheaded a number of extremely creative and high-profile charitable promotions in addition to operating an independent business as a fund-raising auctioneer for charitable causes and organizations across the nation.  He raises an average of $80 million per year with this endeavor. In making the announcement, TALKERS founder Michael Harrison stated, “John Curley is a true on- and off-air original… iconoclastic, candid, and smart. His charity work as a radio personality over the years has been creative, entertaining, and effective.  However, it is his remarkable skill and productivity as an auctioneer for non-profits around America that is absolutely stunning. When John gets on that stage, he raises auctioneering to a heart pounding art form and drags every ounce of generosity out of his spellbound audiences. His patter is song and his moves are dance.” To see John Curley in action click here. Curley will be one of 60 industry leaders speaking at TALKERS 2024: Radio and BeyondFor more information about the conference click here. (EDITOR’S NOTE: There were several personnel changes at KIRO Newsradio 97.3 FM this week including in the afternoon drive co-host position. See story below for more details.)

Industry News

Bonneville Cuts Staffers at KIRO-FM and KTTH in Seattle

According to a report from FOX 13 Seattle, Bonneville has dismissed “at least seven” people from its operations in the market. The company let news/talk KIRO-FM afternoon drive co-host Shari Elliker go,im as well as conservative talk KTTH-AM morning drive host Bryan Suits. The report indicates that evening host Jake Skorheim moves to PM drive to co-host the 3:00 pm to 7:00 pm “John & Jake” show with John Curley. The evening daypart will be filled by CBS Audio’s “John Batchelor Show.” Taking over the KTTH-AM morning drive daypart from Suits is the syndicated “Armstrong & Getty” show.  See the FOX 13 report here.

Industry News

Beasley Cuts 7% of its Workforce

Beasley Media Group began cost-saving personnel cuts yesterday (5/7) that the company says amountsim to about 7% of its workforce. Reports of who has been let go are just trickling in but so far some of the people who’ve been let go include (according to a report in Crossing Broad) WPEN-FM, Philadelphia afternoon drive co-host and producer Jen Scordo.

Industry News

Beasley Broadcast Group Reports Q1 Net Revenue Down 5.9%

The company says that net revenue for the first quarter of 2024 was $54.4 million, a decline of 5.9% from the same period in 2023, saying this was “primarily reflecting a year-over-year decline in audio advertising and other revenue due to Beasley’s Wilmington station and esports divestitures as well as ongoing softness in the commercial advertising business, partially offset by growth in digital and political advertising revenue.” Beasley reports net income of approximately $8,000 in Q1, compared to a net lossim of $3.5 million for the same period in 2023, “primarily due to the $6 million gain on the sale of an investment in BMI holdings and lower interest expense.” Company CEO Caroline Beasley states, “Beasley continues to advance our core initiatives, which are focused on driving revenue and cash flow, including our digital transformation, revenue diversification and expense management initiatives. We expect digital to account for between 20% and 25% of total revenue in 2024, driven by the ongoing growth and success of our premium content creation and digital services. On the new business front, our dedicated sales teams are leveraging the tremendous audience reach and engagement of our platform to attract new advertisers. In summary, Beasley’s underlying fundamentals – mainly, our local audio and digital platforms and audience engagement – remain strong. We are proud of our teams’ steadfast commitment to delivering exceptional content and services to our listeners, advertisers, online users and sports fans, and remain confident that the actions we are taking to transform our company and strengthen our balance sheet, are laying the foundation for future growth and success.”

Industry News

ESPN Radio Debuts “Hammer & Emmett” Weekend Show

Good Karma Brands and sports talk WKNR-AM “ESPN Cleveland” announce the debut of “Hammer & Emmett,” a new Saturday morning show that will air nationally on the ESPN Radio network featuring Cleveland personalities Aaron Goldhammer and Emmett Golden. The program launches Saturdayim (5/11) airing from 10:00 am to 1:00 pm ET. Good Karma Brands founder Craig Karmazin comments, “We are so proud of the work Aaron and Emmett have put in to earn the opportunity for a new national show. Fans are familiar with their voices locally in Cleveland and nationally with their fill-in hosting work. They are a great representation of Good Karma Brands and Cleveland, and their contributions will continue to put the city on the national stage.” The program will also air on “ESPN Cleveland,” ESPNCleveland.com, TheLandOnDemand.com, and the ESPN and The Land on Demand apps.

Industry News

Mike Eaby Promoted to VP at Westwood One Sports

Cumulus Media promotes Mike Eaby to vice president/executive producer of Westwood One Sports. In his new role, Eaby will manage and oversee all Westwood One Sports multi-platform content and live event production. He succeeds Howard Deneroff, who departs his position after more than 35 yearsim with Westwood One Sports. Eaby joined Westwood One as an editor after graduating from college in 1997. He has been an on-site producer for the NFL on Westwood One for 25 years, including 16 Super Bowls and 23 AFC/NFC Championship Games. Eaby has also served as an on-site producer for the network’s NCAA March Madness basketball tournament broadcasts for 23 years. WWO president and Cumulus EVP, corporate strategy & development Collin Jones says, “Our listeners, advertisers, and league partners turn to Westwood One Sports because we deliver consistently outstanding audio broadcasts. With Mike’s experience, passion, and vision, I’m confident he is the perfect person to quarterback Westwood One Sports into its next era.”

Industry News

NBCUniversal and iHeartMedia Partner for Paris Olympics Audio

NBCUniversal chooses iHeartMedia as its exclusive audio partner for the Olympic Games Paris 2024. As part of the agreement, iHeartRadio will provide 24/7 play-by-play audio channels of select coverage of the Games in addition to creating an original Olympic iHeartPodcast hosted by Bowen Yang and Mattim Rogers and producing Olympic-specific episodes from some of iHeart’s existing podcasts. NBCU’s coverage on iHeartRadio’s channels is expected to include Team USA men’s and women’s basketball, soccer, and volleyball, as well as swimming, gymnastics, track & field, and more. iHeartMedia president of business development and strategic partnerships Michael Biondo comments, “We are thrilled to partner with NBCU on coverage of the Paris Olympics this summer and heighten the excitement around this year’s games. As the leading sports audio destination, it’s an honor to be able to provide our platform and our massive reach to bring further awareness and up-to-the minute coverage of NBCU’s broadcast of this year’s Olympics.”

Industry News

Podtrac Releases April Podcast Ranker

There was a change at the #1 spot on Podtrac’s podcast ranker for April 2024 as The New York Times’ “The Daily” unseats NPR’s “NPR News Now” and the two shows are #1 and #2, respectively.  Otherim moves of note for radio-related shows include FOX Audio Network’s “FOX News Hourly Update” rising four places to the #8 rank; The Daily Wire’s “The Ben Shapiro Show” falls two places to the #9 rank, and Cumulus Podcast Network’s “The Dan Bongino Show” steady at #10. See Podtrac’s complete rankers here.

Industry News

Yesterday’s (5/7) Top News/Talk Media Stories

Stormy Daniels’ testimony in the NYC “hush money” trial of former President Donald Trump; Judge Aileen Cannon postpones the Trump classified records case indefinitely; the U.S. pauses a shipment of bombs to Israel as it begins its incursion into Rafeh after not accepting Hamas’ most recent ceasefire offer; the status of Marjorie Taylor Greene’s plan to force a vote on Mike Johnson’s House Speaker future; TikTok parent Bytedance sues the U.S. over its ban on the social media platform; and the severe weather affecting south central part of the U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry News

WPHT, Philadelphia Adds “Walter Sterling at Night”

Audacy news/talk WPHT, Philadelphia is adding a new live and local evening program to its program schedule starring Walter Sterling. “Walter Sterling at Night” will air weeknights from 9:00 pm to 12:00 midnight beginning May 13. Audacy Philadelphia SVP and market manager David Yadgaroff states,im “Walter has demonstrated the importance of the late-night talk radio with his Sunday night nationally syndicated program and has welcomed his listeners, who he refers to as ‘friends on the radio,’ to unpack their day-to-day lives. He’s made strides at ‘Talk Radio 1210 WPHT’ for a decade, and we’re ecstatic to finally bring his entertaining brand to the Delaware Valley five nights a week.” Sterling, who as Walter Sabo operates the Sabo Media Partners consultancy, comments, “Late-night radio is golden media time for a live program. It’s a one-on-one stage for lighter conversations, serving as morning drive for late-shift doctors, nurses, bus drivers, hotel managers, security staff and more. Thank you, David Yadgaroff, Greg Stocker, Jeff Sottolano and the incredible programming and engineering teams at Audacy. Over the years, I’ve made strong connections with Talk Radio 1210 WPHT listeners and look forward to building them as I join weeknights!”

Industry News

Audacy Files Opposition to MRC’s Petition to Deny with the FCC

Late last month the conservative media watchdog group Media Research Center filed a Petition to Deny with the FCC regarding Audacy’s seeking a waiver of foreign ownership disclosure obligations in order to emerge from Chapter 11 reorganization. Last week, Audacy filed its opposition to the Petition to Deny with the FCC. In it Audacy argues that first, the petition is procedurally defective, but goes on to argue that even if it is considered an informal objection, it is defective because “the Commission hasim determined that granting a limited waiver deferring its foreign ownership review to facilitate a licensee’s prompt emergence from bankruptcy is consistent with the Communications Act.” Further, Audacy says, “According to the MRC, Audacy is attempting to employ an ‘entirely new’ and ‘vague and undefined’ special warrant process’ to delay the Commission review of Audacy’s proposed foreign ownership until ‘sometime down the road’ when the company ‘may choose’ to file a petition for declaratory ruling seeking such review. This specious claim not only mischaracterizes the company’s waiver request detailed in the Application, but completely ignores longstanding precedent establishing the Commission-approved special warrant process used in a number of prior transactions to allow licensees to emerge from bankruptcy promptly, while affording the Commission sufficient opportunity to review foreign ownership issues post-emergence.” Separately, FCC Chairwoman Jessica Rosenworcel responded to Congressman Nicolas Langworthy (R-NY) and Congressman Chip Roy (R-TX), who both wrote to her implying that the Commission is not going through “its normal, statutorily required process” and voiced concern over Soros Fund Management’s acquisition of Audacy debt. Langworthy wrote that Audacy being “owned by a deeply partisan individual [George Soros], could have a fundamental impact on the nature of local radio and potentially silence political viewpoints.” Rosenworcel’s response indicates she believes the Commission is handling the matter appropriately, saying, “The Bureau staff will review the record and decide if the transfer is in the public interest pursuant to Section 310(d) of the Communications Act.”

Industry News

Hannity’s “Outlaws and Lawmen: The West” Series Debuts Tomorrow

FOX Nation debuts a new historical drama series titled, “Outlaws and Lawmen: The West,” FOX News Channel’s Sean Hannity tomorrow (5/8), announced. Over the course of four episodes which will drop weekly on Wednesday nights, Hannity will delve into true stories of legendary Wild West outlaws andim lawmen, exploring law versus crime and hero versus villain, ultimately revealing the rugged path that led to the rise of modern law enforcement. FOX Nation president Lauren Petterson says, “Viewers will feel as if they’ve teleported back to the Wild West as Sean Hannity masterfully bridges the past and the present, highlighting this fascinating era of time.” Hannity will use the true stories of the outlaws and lawmen of America’s past to track the evolution of law enforcement from the Wild West to today. From Butch Cassidy to Bass Reeves to Billy the Kid, Hannity details the men of both honor and infamy, bringing life to the myths, legends, and truths of the time. Hannity comments, “As our viewers know, I am a strong supporter of our men and women in law enforcement and I look forward to spotlighting a period of time that is pivotal in their origin.”

Industry News

Former WBZ-FM, Boston Personality Takes Over WZLX-FM Mornings

Rich Shertenlieb, one half of the former “Toucher and Rich” morning drive program heard on the oldim rock WBCN-FM and then on sports talk WBZ-FM, “98.5 The Sports Hub,” will be back on the Boston airwaves “soon.” Shertenlieb exited WBZ-FM last November after his professional relationship with partner Fred Toucher fell apart and Toucher re-upped with Beasley to continue hosting the “98.5 The Sports Hub” morning show. Now, iHeartMedia cuts ties with the classic rock WZLX-FM, Boston morning team of Pete McKenzie and Heather Ford and installs “The Rich Shertenlieb Show.”

Industry News

KXNT, Las Vega to Host Live Mayoral Debate

Audacy news/talk KXNT-AM, Las Vegas “News Talk Radio 840 AM” is hosting a live mayoral debate featuring the top polling candidates ahead of the Las Vegas general election at the Plaza Hotel & Casinoim showroom on Thursday (5/9) from 6:00 pm to 8:00 pm. Talk show host Alan Stock and afternoon host Sam Mirejovsky will moderate the event that will be free to the public. KXNT brand manager Mark Bonilla states, “As the premier talk radio station in Las Vegas, ‘News Talk Radio 840 AM’ is dedicated to providing a platform for informed discussion and debate by offering voters the opportunity to hear directly from the leading candidates about their visions for the future of the city.”

Industry News

Audacy Releases Guide to Busting Media Myths

Audacy’s new Marketer’s Guide to Audio says it will “bust the biggest myths in media and promote theim Audio advantage.” The guide provides data to counter prevailing myths that marketers often believe. Some examples include: 1) the notion that “apps have all the audience” is not true as “ad-supported platforms are key to marketer’s winning and Audacy’s 200 million+ is miles above Spotify (48.6M) and Pandora (41.2M)”; 2) “young people don’t listen to audio” isn’t true as 96% of Gen Z listen to audio daily – with 44% being daily radio users; and 3) “I can’t measure audio” is also false because marketers can “track, measure and analyze results for both broadcast and digital campaigns.” See more about the guide here.

Industry News

Yesterday’s (5/6) Top News/Talk Media Stories

Israel moves forces into Rafah and the pro-Palestinian protests at American universities; former President Donald Trump’s legal battles; Russia announces “nuclear drills”; the U.S. migrant crisis; Social Security and Medicare solvency report; House Speaker Mike Johnson faces a new ouster vote; and the Oklahoma tornadoes were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry Views

Pending Business: The 40% Factor

By Steve Lapa
Lapcom Communications Corp
President

imThere is something about 40.

40% of Q1 2023 podcast advertisers did not return for Q1 2024, according to Magellan AI.

40% of small businesses failed within the first three years, according to the Bureau of Labor Statistics.

40% of all workers were prepared to quit their jobs two years ago, according to a McKinsey Study. 43% of email professional recipients open email on a mobile device, according to Statista.

44% of sellers quit the pursuit after the second call according to Scripted. Really? Almost half of the sellers reading this column give up after the second call? That statistic must be wrong.

Consider your typical sales day – prioritized, focused, clear goals established, with all seasonal and timely deadlines plugged in and ready for execution. Successful sellers put as much time and focus into planning and organization as they do into the sales process. So, why quit the process after the second attempt? There are only three reasons any experienced sellers would give up after the second attempt.

1. Poor targeting.

2. Unrealistic expectations.

3. A negative business condition requires a new approach.

Reason #3 is the answer to why I listed the 40% factor. Professional sellers and managers sometimes lose touch with the realities of local business conditions. Attrition has always been the enemy of local sales, yet managers and sellers rarely plan for it. Budgeting and analysis are easy paper exercises. Old fashioned ear-to-the-ground market “research” is equally important. Those who learn to balance the formal and the informal find themselves winning the battle of the 40% factor.

As we approach the second half of the year, with elections, seasonal sports, and major holidays ahead of us, time to sharpen our pencils and tweak the projections for the remainder of the year. And always remember your pencil should have an eraser.

Happy Selling!

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.

Industry Views

Monday Memo: Cliché Alert!

By Holland Cooke
Consultant

imRatings – and advertisers’ results – reward what listeners remember, what sticks-out, not clichés that blend-in. So, avoid blah-blah-blah such as…

“on tap for…”

Instead of “…and more sunshine on tap for Sunday,” say “…and more sunshine Sunday!” 

“The best _____ around” or “the best _____ in town.”

Commercial copy Styrofoam. “The best wings?” Say WHY, in a way that makes the listener salivate.

“conveniently located”

Zzzz… 

“weaponized”

The word itself has been weaponized. It’s talking-about-talking.

“spot-on”

Translation: What you expressed affirms my predisposition. Talk radio is more interesting, and habit-forming, when sparks fly. So, pique curiosity. Have your screener move callers who disagree to the head of the line.

im

“Too clever by half.”

Measured how? Not self-explanatory, this is distracting. And it always sounds condescending. 

“all-important”

As in “let’s check that all-important forecast,” often heard when weather is severe or changing quickly. Rookie stuff. If it’s important, get right to it.

“In this day and age…”

‘Makes you sound like an immigrant from the 20th Century, speaking with an accent. 

“THAT’S the $64,000 question.”

From a TV show in the 1950s, when $64K was big money. 

“shuttered.”

If something closed, say “closed.”  Listeners don’t say “shuttered” in conversation…which is where we want to end up.

“unmitigated gall”

“in any way, shape, or form”

And on THAT note…kidding…

“Period, full-stop.”

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of The Local Radio Advantage: Your 4-Week Tune-In Tune-Up,” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn.

Industry News

Jeff Crouere Rises to President and GM at WGSO, New Orleans

Talk host Jeff Crouere rises to the president and general manager position at non-profit Northshore Radio LLC’s WGSO-AM, New Orleans. Crouere has hosted his “Ringside Politics” program on theim station for the past 17 years. He says, “This is truly a dream come true for me. We have recruited a new board of directors who are committed to work with us to make the station even stronger. WGSO Radio will continue to be independent, committed to free speech and opposed to censorship in any form. While our focus will always be the New Orleans area, we are proud to welcome listeners from around the country… Our station is an important part of our community and will continue to serve our region for many years to come. I look forward to serving in these new roles to ensure a bright future for WGSO Radio.” Crouere’s “Ringside Politics” will continue to air on the station from 7:00 am to 9:00 am and from 6:00 pm to 7:00 pm.

Industry News

PodcastOne Launches “The Campaign Managers” Podcast

PodcastOne announces the upcoming launch of the podcast “The Campaign Managers with Kellyanneim Conway and David Flouffe.” PodcastOne says that the weekly podcast – to debut on May 22 – will “go beyond the headlines and bylines driving the heated 2024 presidential race to offer expert opinions and perspectives in the most pivotal presidential campaign in American democratic history.” PodcastOne president and co-founder Kit Gray says, “Kellyanne and David are icons in the political landscape. Their intelligent delivery of data and facts, their dynamic presentation of opinions and strategy and their wealth of knowledge on what it takes to become the next President of the United States is a privilege and a thrill to listen to, and we at PodcastOne are excited to be able to bring this podcast to the public.”

Job Opportunity

Cumulus Seeks OM/PD for Albuquerque

CUMULUS MEDIA | Albuquerque is looking for a dynamic operations manager/program director. Our staff takes pride in our community and value teamwork. If you can deliver lifestyle headlines, be focused, creative and multi-task and most of all… love radio, we should talk.  Board work, remotes, production,im and podcasts are all a part of what we do, so show us what you’ve got. The successful candidate will be responsible for all aspects of programming including scheduling content, coaching on-air staff, station and AM/FM cluster strategy, development of on-air/online promotions and generating associated revenue, oversight and content creation for digital extensions (including streams, websites and podcasts), and have a strong customer service approach towards listeners, staff, & sales. Additionally, the candidate will act as the program director for Legendary News Radio KKOB and KNML The Sports Animal. Find out more and apply here. Cumulus is an Equal Opportunity Employer.

Job Opportunity

Saga Looking to Fill Weather Director/News Reporter Role

Saga Communications’ Spencer Radio Group is looking to hire a full-time weather director and news reporter for KICD-AM; BIG Country 107.7; MORE 104.9 and PURE Oldies 98.3/98.5 in Spencer, Iowa.im They seek someone who understands small-market, local radio and is willing to be involved in the community. Knowledge of radio automation software, Adobe audition, WordPress, and general computer experience is preferred. SRG offers paid vacation and great benefits including – health, vision, dental and 401K. Send your resume and demo! No phone calls. No voicetrack inquiries. Saga Communications of Iowa, LLC is an EOE. Kevin Tlam, Operations Manager, Spencer Radio Group, P.O. Box 260, Spencer, Iowa 51301 ktlam@spencerradiogroup.com

Industry News

Top News/Talk Media Stories Over the Weekend

The pro-Palestinian student protests and the Israel-Hamas war; Xi Jinping’s European tour; the presidential race; former President Donald Trump’s legal battles; House Speaker Mike Johnson faces new ouster vote; the Russia-Ukraine war; Kim Godwin steps down from ABC News president post; and the Texas floods were some of the most-talked-about stories in news/talk media over the weekend, according to ongoing research from TALKERS.

Industry News

Howie Carr to Receive 2024 Lifetime Achievement Award

The TALKERS editorial board has announced the selection of legendary New England radio talk show host Howie Carr as the 2024 recipient of the Jim Bohannon Memorial Award for Lifetime Achievement. Carr will be presented the honor at the forthcoming TALKERS 2024: Radio and Beyond conference on Friday, June 7 at Hofstra University on Long Island, NY. Carr has been a Boston-based radio talk show host since the 1980s, heard primarily on WRKO. WRKO is now one of more than 20 stations across theim region that carry Carr’s independently syndicated afternoon drive talk show. He is an inductee in the Radio Hall of Fame. With roots in investigative print journalism, Carr is the New York Times best-selling author of The Brothers Bulger and Hitman, in addition to several other Boston organized-crime books and two novels. He has remained in newspaper work that goes back prior to his radio career as an active columnist for the Boston Herald and has received a National Magazine Award for his work with Boston Magazine. Boston organized-crime boss Whitey Bulger was so infuriated by Carr’s groundbreaking reporting that he once put out a murder contract on Carr – a story detailed on “60 Minutes.” At his 2013 trial on murder and racketeering charges, Bulger tried to have Carr banned from the courtroom by calling him as a defense witness. Before he was brutally murdered in a gangland hit, the crime czar still said his greatest regret was not murdering Carr when he had the chance. Carr once taught a course at Harvard, where he had to cross a picket line against himself to get to his class. In making the announcement, TALKERS founder Michael Harrison stated, “Howie Carr is the real deal – the best of both the old and new schools in media. He was practicing ‘cross-platform’ journalism and commentary long before it became the digital-era norm. He’s got ink in his veins and RF in his brains. His impact in the Northeast has been so strong for such a long time that if the six New England States were to consolidate as one, he would possibly be its first governor.” Carr will be one of 60 industry leaders speaking at TALKERS 2024: Radio and Beyond. For more information, see story below.

Industry News

Cumulus Completes Successful Debt Exchange

As Cumulus Media Group announces its 2024 first quarter operating results today (5/3), it also reveals that it has refinanced its capital structure. Cumulus CEO Mary Berner states, “We are thrilled to have refinanced our capital structure to secure five-year maturities with favorable terms through a successfulim debt exchange and ABL Facility upsize and extension. This is an excellent outcome for the company especially given the generally difficult financing environment for legacy media companies. Specifically, we extended maturities to 2029, reduced the principal amount of outstanding debt by approximately $33 million, obtained attractive interest rates, maintained a structure free of financial maintenance covenants, and increased capacity on our ABL Facility by 25%.” The Exchange Offer means approximately $325.7 million aggregate principal amount of the Issuer’s 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) were tendered for new 8.000% Senior Secured First-Lien Notes due 2029 (the “New Notes”) issued by the Issuer. Following the expiration of the Exchange Offer and Term Loan Exchange Offer, approximately 96.8% of the aggregate principal amount of outstanding Old Notes and Old Term Loans on a combined basis, were tendered for exchange of New Notes and New Term Loans, respectively.

Industry News

Cumulus Reports Q1 Net Revenue Declines 2.7%

The company reports net revenue of $200.1 million in the first quarter of 2024, a decrease of 2.7% from the same period in 2023. Cumulus CEO Mary Berner states, “While our Q1 revenue was in line with guidance and a marked improvement from 2023 trends, it is also reflective of the uncertainty thatim continues to weigh on advertisers. With the advertising environment still unsettled, these new terms (spelled out in the preceding story) provide us additional time and flexibility to execute against our key business priorities – accelerating digital growth, reducing fixed costs, and continuing to de-lever our balance sheet – each of which is foundational to our ability to build long-term shareholder value.” The company took a net loss of $14.2 million in Q1, but it was far less than the net loss of $21.5 million it reported in Q1 of 2023. Cumulus breaks out its revenue in segments and the total broadcast revenue for Q1 of 2024 was $139.7 million, down 5.6% from Q1 of 2023. Spot revenue was $90.5 million (down 7.3%) and network revenue was $49.2 million (down 2.3%). The company’s digital segment reports revenue of $34.5 million, up 7.3% over the first quarter of 2023.

Industry News

Shareholders Advise Cumulus Board Against Executive Compensation

On Thursday (5/2), Cumulus Media shareholders voted overwhelmingly not to approve compensation for executive officers. More than 6.7 million shareholders cast “no” votes while more than 3.6 million cast “yes” votes and more than 16,000 abstained. The proposal is only advisory and the executive compensation committee can do as it wishes, but with the number of shareholders voting against current executive compensation, it looks like Cumulus execs are going to be taking a pay cut.

Industry News

Beasley Appoints Kyra Ringer Chief Engineer for Boston Operations

Beasley Media Group names Kyra Ringer chief engineer for its Boston-based radio properties. Ringer was recently working as an independent contract engineer in New England. She previously served asim the chief engineer for Cumulus Media in Fort Walton Beach and Pensacola, Florida. Beasley says Ringer will be responsible for transmitter and studio maintenance, troubleshooting and repairs of the market’s RF systems, maintaining and utilizing Wheatstone and WheatNet for audio routing and broadcasting, and other related duties. Ringer comments, “Having been raised in studios and transmitter sites, I feel that broadcast engineering is in my DNA. My father has been a broadcast engineer for more than 40 years and has taught me most of what I know. I credit him with instilling an unwavering work ethic in me as I watched him work tirelessly through my childhood years. I have been working in radio for more than 25 years and love every aspect of what I do.”

Industry News

Powerful Agenda Being Set for TALKERS 2024: Radio and Beyond

imThe forthcoming 27th annual installment of the talk media industry’s longest-running and most important national gathering will be meticulously documented on video for posterity. TALKERS publisher Michael Harrison states, “Because the entire agenda of this year’s event will take place on the state of the art television soundstage ‘A’ at Hofstra University’s Lawrence Herbert School of Communication and a special staging area for individual interviews will be set up on the adjacent TV soundstage ‘B,’ the opportunity to create an in-depth video time capsule of this remarkably transitional moment in talk media history will be unprecedented.” Harrison adds, “The number of heavyweight players from all ends of the business gathered in one place for one day on a television soundstage will be of tremendous historical significance. We will grab the opportunity to save everything we can for posterity. This conference will be more than just another industry ‘convention.’ It will be a ‘symposium’ for the ages reflecting and preserving a remarkably colorful and historic era in American media and culture. People all over the world and for years to come will bear witness to this ‘happening.’” This power-packed, one-day event will again be presented by TALKERS in association with the prestigious university’s multi-award-winning station WRHU Radio and the school’s Lawrence Herbert School of Communication. To register for TALKERS 2024 or to obtain sponsorship information, call Barbara Kurland at 413-565-5413. For a look at the full list of speakers, stories about key panel discussions & presentations, as well as a list of nearby hotels, click here.