Industry News

Top News/Talk Media Stories for Yesterday July 10

The most discussed story on news/talk radio across America yesterday (7/10) was a combination of concerns over NATO and its relationship with both Ukraine and Turkey.  At # 2 was a collection of the various legal battles facing former President Donald Trump.  At #3, the legal conflict between Twitter and Threads.  At #4 the 2024 presidential race.  At #5 the tough weather conditions facing various parts of the nation this summer.  At this point in the day (7/12), it appears that the brewing Bank Of America scandal will be one of the coming week’s attention-getters. The Talkers TenTM is a weekly chart of the top stories and people discussed in news/talk media and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See last week’s complete chart here.

Industry Views

Pending Business: Good News Bad News

By Steve Lapa
Lapcom Communications Corp
President

Survey says, the good news is, 49% of local direct advertisers use AM/FM radio.

The bad news is, the same survey says, 65% of that same group uses social media advertising. Advantage +16% for the digital team. The good news is, you are comfortable selling/managing digital and social media vehicles because like it or not your local advertiser is leaning in on the digital/social media advertising opportunity.

Survey says, more bad news, 54% of the local direct advertiser group is buying event-sponsorships. The good news is, you are comfortable selling/managing event-sponsorships because like it or not your local advertiser is leaning in on the event-sponsorship advertising opportunity.

Now for the closer, survey says, over 50% of these local advertisers are now budgeting only 2% of gross revenues on advertising. Thank you Borrell for the researched eye-opener and thank you pandemic for shrinking the local advertiser’s marketing dollar.

Show of hands, please, anyone reading this totally surprised? The online digital/social media advertising world has been on a double-digit growth tear as long as anyone can remember. The growth continues as AM/FM sellers stand by and watch the parade go by, sorry guys. The facts are… there are roughly 310 million smartphones in the U.S. According to the last Edison survey, 68% of U.S. homes own 1.5 radios. In round numbers 338 million radios at home. Wait, what? Are there almost as many smartphones as AM/FM radios at home? Anyone own more than one smartphone? I thought there was a radio in almost every room in your home. Not anymore, you say? Quite different from the average five radios per household when many reading this column earned their first double digit commission check as a member of that fun loving sales team. The times are a changin’ and I hope you are changing with the times. Let us start here:

Update your value proposition for “Why Radio?” Make it current and relevant to today’s media ecosystem.

Sharpen your new selling skills. Get ahead of the curve and leave your competitors in the dust.

Ask yourself, “What happened?” The numbers of smartphone users are growing. Maybe not as fast as in the past but growing. The number of AM/FM radios in the home is shrinking. Look to your leadership for some answers.

When the trend is NOT your friend, it’s time to think like the great leaders who built our country and media empires, “Lead, follow, or get out of the way.”

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: Be Known for Knowing

By Holland Cooke
Consultant

“STIMULATING TALK.”  Like much of radio’s imaging wallpaper, this frayed 1990s promo cliché was station-centric, rather than a benefit statement explaining and assuring how habitual use is… useful.

“Stimulating” was an immeasurable claim. And won’t THEY be the judge of that? If our talkers – of any political stripe – are stimulating, their work speaks for itself.

“Talk” itself has baggage. Say “talk radio” at a backyard cookout populated by non-radio people, and someone will roll their eyes. Rush Limbaugh personified that “crazy uncle at Thanksgiving” who became the format caricature.

imAnd when what’s-talked-about sounds too much like yesterday, and the day before, and the day before that, it works against what ratings people call horizontal maintenance (same-time day-to-day tune-in). No names, but his first six words when I tuned in were “…and it will only get worse!” Stimulating?

Commercial Copy 101: Sell benefits, not features. Almost any station can sound instantly more-user-friendly by simply projecting “you” and “your” early and often in promo copy. “Because ONE traffic jam can jam-up your WHOLE day…”

News will save news/talk. Mass shootings du jour, deadly severe weather, inflation, Trump, Hunter’s laptop, and what-next has listeners wondering, “What NEXT?” Be known for knowing, and you will stimulate more tune-ins.

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of “Spot-On: Commercial Copy Points That Earned The Benjamins,” a FREE download; and the E-book and FREE on-air radio features Inflation Hacks: Save Those Benjamins;“and Multiply Your Podcast Subscribers, Without Buying Clicks,” available from Talkers books. Follow HC on Twitter @HollandCooke

Industry News

Swagler Set To Depart CBS News Radio

Craig SwaglerAfter a 22-year run with CBS News Radio, vice president/general manager Craig Swagler will leave the company this Friday (7/14). In an internal memo sent to employees this past Friday (7/7), Swagler stated that he intends to relocate to the Baltimore area to be closer to family. “As such, I have made the hard decision to step away from my role at CBS News Radio. I am incredibly thankful for my time here and all the amazing people I have had the honor to work with at CBS News. There are far too many individuals to name, but I know you all have made the last 22 years one of the most fulfilling parts of my professional journey.” Prior to being elevated to CBS News Radio’s VP/GM, Swagler was a desk assistant; production coordinator; and special events producer. He previously worked at “Saturday Night Live,” ABC Sports, and The MSG Channel.

Industry News

TALKERS NEWS NOTES

Five-year-old, Iowa-based RoadWorthy Drive Productions has been renamed TechMobility Productions. According to company chief executive officer – and a founding member of the Black Automotive Media Group Ken Chester, “We changed the name to better reflect the actual content of our weekly programming. Our previous branding was confusing to both the radio industry and our listeners.” TechMobility Productions produces/distributes “The TechMobility Show”; “The TechMobility Minute”; and “TechMobility In Focus.” More than 50 stations nationwide carry the company’s programming.

Former Missouri state representative Ted Farnen’s “Columbia Today” (4:00 pm – 6:00 pm) will debut next Monday (7/17) on Cumulus Media Columbia, MO news/talk KFRU. Cumulus Columbia vice president/market manager Greg Renoe remarks, “We are excited to have Ted join our KFRU line-up in the afternoons. He brings experience and a local perspective that we believe will resonate well with the listeners of KFRU.” Program director Luke Swezy notes, “[Ted] brings a valuable and informed perspective on local issues that will strengthen our programming; Farnen notes, “For nearly 100 years, KFRU has been Columbia’s best source for news and entertainment. This will be a fun and informative show with a heavy concentration on local issues and guests. It will be a program to which everyone will be welcome, and it will complement the outstanding local programming KFRU already provides.”

Industry News

Top News/Talk Media Stories for Past Weekend of July 8 – 9

Industry News

Urban One Files 2022 Q4 and Full Year Operating Results

If you’ve been following this story, you are aware that Urban One is late with this Securities and Exchange Commission filing because of accounting issues related to the valuation of its investment interest in MGM National Harbor, which the company sold for cash proceeds of approximately $136.8 million on April 21, 2023. Re-evaluation of the accounting required adjustment to the company’s filings for the four quarters of 2021 andim Q3 of 2022. For the fourth quarter of 2022, net revenue was approximately $132.6 million, an increase of 1.6% from the same period in 2021. The company reports operating income of approximately $14.3 million for the period, compared to approximately $20.3 million for Q4 of 2021. Broadcast and digital operating income was approximately $47.6 million, an increase of 7.9% from the same period in 2021. Net income was $856,000 compared to approximately $5.3 million in net income for the same period in 2021. The company has yet to file its operating results for Q1 of this year, but its preliminary results from the quarter show same station radio segment revenue up 2.0% on a same station basis.

Industry News

TALKERS News Notes

The Buffalo Bills and Audacy’s sports talk WGR, Buffalo say that interim play-by-play announcer Chris Brown – who took over for John Murphy at the end of last season as Murphy recovers from a stroke – will continue in that role for the 2023-2024 NFL season.

Woodward Radio Group radio stations – including news/talk WHBY and sports talk WSCO in Appleton, Wisconsin – in partnership with Feeding America Eastern Wisconsin, hosted the 5th annual Combat Hunger event that raised money and food to provide 52,580 meals for veterans facing hunger in Wisconsin’s Fox Valley.

Industry News

Top News/Talk Media Stories for Week of July 3 – 7

The candidates for the Republican and Democratic nominations for the 2024 presidential race and the top campaign issues was the most-talked-about story in news/talk media this week, landing atop the Talkers TenTM. At #2 this week was the various legal battles facing former President Donald Trump, followed by the recent Supreme Court decisions and the federal judge ruling that government agencies cannot order social media platforms to pull content at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed in news/talk media and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

Job Opportunity

Cumulus Media Seeks PD for Eugene, Oregon Talk Brands

Cumulus Media is looking for an experienced program director for two iconic brands — KUGN-AM/FM (news/talk and home of the Pac 12 Oregon Ducks) and KUJZ-FM (sports talk). The program director will be responsible for growing and operating these brands and must have a strong background and passion for sportsim programming and spoken-word radio. Energy, enthusiasm, and experience within the genre is a must. You will be responsible for all aspects of programming including managing on-air staff, imaging, station strategy, developing and executing revenue generating sales & programming promotions, website & social media, digital content and have a strong understanding of the core audience(s). Find out more about this position and apply here.

Industry News

Report: Townsquare Media Victim of Ransomware Attack

According to a story at cyberexpress.com, Townsquare Media has been hacked by the ransomware group ALPHV. The piece states, “The ALPHV ransomware group made their claim public, asserting that they haveim gained unauthorized access to a significant amount of data belonging to Townsquare Media. According to their statement, the threat actors allegedly possess a staggering 251GB of the company’s data. This includes files sourced from the company’s servers and workstations, explicitly targeting those created within the past year.” The story does not indicate how much money the hackers are asking for, but they are reportedly giving Townsquare a week to respond before making the data public. Read the story here.

Industry News

TALKERS News Notes

Good Karma Brands and WEPN-FM, New York “98.7 ESPN” announce that New York Jets wide receiver Garrett Wilson will appear weekly on the station’s “Bart and Hahn” show – hosted by Bart Scott and Alan Hahn – during this NFL season.

New Hampshire Public Radio promotes Emily Quirk to program director. In this role, Quirk will serve as leader of live broadcast platforms and live events programming for the statewide public broadcaster. NHPR says, “In her new role, she will lead NHPR’s efforts to use radio, the livestream and events to maximize the impact of the organization’s journalism and to grow and diversify NHPR audiences on those platforms.”

Industry News

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

The 2024 presidential race; former President Donald Trump’s legal battles; the Hunter Biden plea deal; Treasury Secretary Janet Yellen’s trip to China; cocaine is found in the White House; the Russia-Ukraine war and the status of Yevgeny Prigozhin’s Wagner Group; the holiday weekend’s gun violence; the global heat record and climate change; and Meta launches Twitter competitor Threads were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

Disney Takes Budget Axe to ESPN

Heading into the Fourth of July holiday weekend, Disney made approximately 20 cuts to ESPN’s on-air staff, laying off Keyshawn Johnson and Max Kellerman from the recently cancelled ESPN Radio morning driveim show, as well as NBA analyst Jeff Van Gundy, ESPN television personality Suzy Kolber, and others.  These layoffs come as little surprise as Disney had announced earlier this year that it would be eliminating some 7,000 positions across the entire company.

Industry News

Gemini XIII Acquires United Stations Radio Networks

Gemini XIII announces it is acquiring United Stations Radio Networks. Gemini XIII says, “The acquisition strengthens Gemini XIII’s position in the audio landscape, expands its sales offerings, and solidifies its commitment to delivering top-notch content and premium services to audiences worldwide.” Gemini COOim Charles Steinhauer says, “We’re excited to welcome USRN into the Gemini XIII ecosystem. We will be able to build on current successes and existing sales infrastructure to immediately grow and make Gemini a destination for producers, advertisers and sponsors looking to deliver to unique audiences. The integration of Gemini XIII’s digital expertise and podcasting prowess will result in a robust content ecosystem that provides an immersive and diverse range of audio experiences for listeners across platforms.” USRN chairman and CEO Nick Verbitsky comments, “Spencer Brown, CEO of Gemini XIII, and Charles Steinhauer have a track record of success in network radio having built Dial Global from the ground up. I am pleased that they will have the opportunity to continue to build United Stations, a company I started along with Dick Clark over thirty years ago and has been a leader in network radio.”

Industry News

Skyview Networks and ABC Audio Agree to Separate

Skyview Networks says that it and ABC Audio have decided to “conclude their business relationship” beginning in 2024. Skyview says in a statement, “ABC Audio and Skyview Networks are committed to working together to ensure a smooth transition, and Skyview will continue meeting the needs of the industry and its full-scale multi-partner relationships. Skyview Networks will continue representing ABC Audio network sales while also providing distribution service through 2023. We wish ABC Audio continued success in the years ahead.”

Industry News

SRN’s Dennis Prager Addresses Moms For Liberty

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Pictured above Salem Radio Network nationally syndicated talk host Dennis Prager addressing the annual summit of “Moms For Liberty,” a conservative group advocating parental rights, education reform, and other political/social issues. Also attending the event were 2024 presidential candidates former President Donald Trump, Florida Governor Ron DeSantis, and former U.N. Ambassador Nikki Haley.

Industry News

Audacy Announces 1-for-30 Reverse Stock Split

Audacy announces that it is effecting a 1-for-30 reverse stock split of its Class A and Class B common stock today (6/30). Audacy’s Class A common stock will begin trading on a split-adjusted basis at the opening of the market today, under a new CUSIP number, 05070N 202. At the annual meeting of shareholders held on May 24, Audacy’s shareholders approved a reverse stock split of the company’s outstanding Class A and Class B common stock at a ratio within a range between 1-for-two and 1-for-30, as determined by a committeeim appointed by the company’s board of directors. This committee established the ratio on June 5. The 1-for-30 reverse stock split reduced the number of outstanding shares of the company’s Class A common stock from approximately 137.5 million shares (excluding unvested restricted stock) to approximately 4.6 million shares (excluding unvested restricted stock) and reduced the number of outstanding shares of the company’s Class B common stock from approximately 4.0 million shares to approximately 135 thousand shares. Proportional adjustments were made to the number of shares of Audacy’s Class A common stock subject to outstanding equity awards, as well as to the applicable exercise prices. Trading of Audacy’s Class A common stock was halted on May 5 on the New York Stock Exchange after the share price fell about 12% to $0.09 per share. The NYSE is moving to delist the stock but Audacy is currently appealing that determination.

Industry News

Top News/Talk Media Stories for Week of June 26 – 30

The Hunter Biden plea deal and allegations of Justice Department interference in the IRS investigation came together as the most-talked-about story in news/talk media this week, landing atop the Talkers TenTM. At #2 this week was the Supreme Court’s rulings, including shooting down the independent legislature theory, followed by the 2024 presidential election at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed in news/talk media during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

Industry News

Orbyt Media Brings “Coast to Coast AM” Back to Canada

Premiere Networks’ U.S. syndicated overnight show “Coast to Coast AM,” hosted by George Noory, is returning to Canadian radio after a three-year hiatus through a deal with syndicator Orbyt Media. The programim is currently heard on Bell Media’s CKLW, Windsor, Ontario. Noory comments, “It’s great to be back on CKLW – The Big 8. What’s even cooler is that this was the first radio station I applied to work at when I was 21 years old living in Detroit. I’m looking forward to working with the team at Orbyt Media to expand ‘Coast to Coast AM’ across Canada!”

Industry News

TALKERS News Notes

iHeartMedia Treasure Coast announces a new, multi-year deal to become the Miami Dolphins radio broadcast partner for the Fort Pierce market. Beginning this season, live gameday broadcasts will air on WAVE 92.7 (WAVW) and Real Radio 101.7 (WCZR).

Throughout Major League Baseball’s 2023 All-Star Week, SiriusXM will deliver extensive audio coverage to baseball fans around the country. Subscribers will get live broadcasts of the 93rd All-Star Game, the SiriusXM All-Star Futures Game, the T-Mobile Home Run Derby, the MLB Draft, and more special programming from Seattle.

Industry News

Yesterday’s (6/28) Top News/Talk Media Stories

The Hunter Biden plea deal and his legal battles with the owner of the computer repair shop that worked on his laptops; the 2024 presidential race and concerns about President Joe Biden’s health; the legal battles facing former President Donald Trump; the thick smoke from Canadian wildfires blanketing almost one-third of the U.S.; the recovery of wreckage from the doomed Titan submersible; Vladimir Putin’s grasp on power in the aftermath of the Wagner Group insurrection and the ongoing Russia-Ukraine war; and the brutal heatwave hitting the Southern U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

BIA Advisory: U.S. Local Ad Revenue Estimate Lowered

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Due to “a mixed start in the economy this year and the tempered growth in digital advertising,” BIA Advisory Services is lowering its estimated U.S. local advertising revenue for 2023 to $161.7 billion – down from its original estimate of $165.7 billion. The company says that after looking at the first six months of the year, it decided the reduction was necessary. Vice president of forecasting and analysis Nicole Ovadia says, “After years of double-digit growth, we are seeing some headwinds that will have a significant impact on digital local advertising.” BIA is now expecting digital media revenue for 2023 to be $78 billion (down from its earlier estimate of $81 billion). Radio digital revenue – ex political – is expected to rise by 4.1% over 2022. “When examining the top spending sub-verticals, BIA advises that later in the year, growth is expected in Auto, and the company is raising expectations for Tier 3 – New Car Dealers, and Automotive Repair Services. Other important verticals for local advertising where BIA is raising expectations include Savings/Credit Institutions and Other Loan Services, Plumbers and HVAC, and Realtors.”

Industry News

Midwest Communications Puts Clay Travis & Buck Sexton on WTAQ in Green Bay

Midwest Communications adds Premiere Networks’ nationally syndicated “Clay Travis & Buck Sexton Show” to the midday daypart (11:00 am to 2:00 pm) on news/talk WTAQ-AM/FM, Green Bay. Midwestim Communications operations manager Jason Hillery states, “We’re excited about the addition of Clay and Buck to our lineup. Their backgrounds and points-of-view on conservative topics are consistent with the values and direction of our brand. We look forward to many years of success with this program!”

Industry News

Yesterday’s (6/27) Top News/Talk Media Stories

In a 6-3 ruling, the Supreme Court shoots down the independent state legislature theory which would have given state legislatures complete control over federal elections; statements from an IRS whistleblower and U.S. attorney that the DOJ gave Hunter Biden preferential treatment in the tax and gun investigations; former President Donald Trump’s ongoing legal battles; the 2024 presidential race; the aftermath of the Wagner Group’s short-lived advance toward Moscow in the ongoing Russia-Ukraine war; the smoke from Canadian wildfires affecting large swaths of the Northern U.S.; and the brutal heat bearing down on the Southern U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

JVC Media Closes on Long Island AM and FM Translator

On Monday (6/26), JVC Media closed on its acquisition of WLIM, Medford, New York and its FM translatorim W227CL at 93.3, licensed to Port Jefferson, New York. Pictured above is JVC president and CEO John Caracciolo (left) with seller Commercial Assets Inc president Mike Celenza (right) at the transmitter site. JVC is airing a classic hits format on the frequencies but says that a new format is coming to the station soon. The broker on the transaction was Mark Jorgenson of Jorgenson Broadcast Brokerage, Inc.

Industry News

KELO, Sioux Falls Adds Clay Travis & Buck Sexton to Lineup

Midwest Communications’ KELO-AM/K286CN, Sioux Falls, S.D., announces the addition of Premiere Networks’ “The Clay Travis & Buck Sexton Show” to the station’s program schedule, effective July 3. KELOim “NewsTalk Radio” brand manager Greg Belfrage says, “We believe KELO’s listeners will really enjoy engaging with Clay and Buck. Their values represent the common sense, principled values found here on the Great Plains. Clay and Buck will allow people throughout the Sioux Empire to hear the news and talk about it as it happens.”

Industry News

Yesterday’s (6/26) Top News/Talk Media Stories

The Hunter Biden plea deal on failure to pay taxes and whether or not he got a “sweetheart deal”; the Supreme Court rules a new Louisiana congressional map can be redrawn to include another Black majority district; the aftermath of the Wagner Group’s short-lived advance toward Moscow in the ongoing Russia-Ukraine war; former President Donald Trump’s legal battles; the latest January 6 report from Senate Democrats that criticizes the FBI and Homeland Security for failure to take potential violence seriously; the discovery of malaria cases in Florida and Texas; and the Southern heatwave affecting some 45 million Americans were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

TALKERS 2023: Video of Todd Starnes Addressing Conference Posted

During the coming days, videos of all of TALKERS 2023’s numerous sessions conducted June 2 at Hofstra University will be posted, continuing today (6/26) with the morning greetings presentation, “Setting the Stage:im Triple Perspective.” The presentation, sponsored by the Doctor Asa Show, was delivered by multi-platform talk media star Todd Starnes. Starnes brings a lot to the table. He is the owner/operator of a heritage news/talk radio station – KWAM, Memphis. He hosts a local show on the station. He is also a national radio syndicator delivering his own midday radio show to a rapidly growing number of affiliates. Starnes effectively shares his experiences and view of the industry from all three perspectives. Check it out here! 

Industry News

Salem Receives Delisting Notice from Nasdaq

On Friday (6/23), Salem Media Group, Inc received notice from The Nasdaq Stock Market that Salem’s Common Stock failed to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market based upon the closing bid price of the Common Stock for the 32 consecutive business daysim prior to the date of the notice. Salem now has a compliance period of 180 calendar days in which to regain compliance for the minimum bid price requirement. That expires on December 20, 2023. To regain compliance, the minimum bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days at any time prior to the compliance date. In its filing with the Securities and Exchange Commission, Salem says it intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

Industry News

Audacy Board Agrees to Pay $3.2 Million in Executive Retention Bonuses

In a filing with the Securities and Exchange Commission, Audacy reports that the company’s Compensation Committee of the Board of Directors approved $3.2 million in retention awards to officers, including $1 million toim chairman, president and CEO David Field; $850,000 to EVP, strategic initiatives and CFO Richard Schmaeling; $500,000 to EVP and COO Susan Larkin; $250,000 to president, podcast and streaming and chief digital officer J.D. Crowley; and $600,000 to EVP, general counsel and secretary Andrew Sutor IV. These retention awards are intended to be in lieu of an annual bonus with respect to 2023.

Industry News

Dom Giordano Day in Wildwood, New Jersey

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Pictured above is WPHT, Philadelphia talk host Dom Giordano (left) with Wildwood, New Jersey Mayor Pete Byron (center), and Curtis Di Domizio of the Real Diamond Tribute Band (right) at Mulligan’s Shore Bar and Grill for a remote broadcast to celebrate Dom Giordano Day. The annual event was created four years ago by Mayor Byron and is celebrated every June 22. The show was broadcast live on WPHT from 12:00 noon to 3:00 pm.