Industry News

Nielsen Revises Radio Market Ranks

Based on U.S. population estimates from the 2020 census and updated and projected to January 1, 2024, by Claritas, Nielsen unveils its new market ranks effective with the Spring 2024 ratings. As shiftsim in population take place in the U.S. – with growth often seen in southern markets – the ratings giant adjusts its rankings. Among the notable changes are the Dallas-Fort Worth market leapfrogging San Francisco to the #4 market and San Francisco now at #5. Other markets moving up include Miami-Fort Lauderdale-Hollywood to #11 and San Diego to #18. See the complete ranking here.

Industry News

FOX News Channel Highlights Q1 Ratings Dominance

FOX News Channel announces that it finished the first quarter of 2024 as cable’s most-watched network in total day and primetime, dominating primetime viewers in cable news for 89 consecutiveim quarters, according to Nielsen Media Research. FNC adds that its primetime lineup sweept cable news every hour. “The Ingraham Angle” (7:00 pm ET) finished the quarter averaging 2.2 million viewers and 222,000 in the 25-54 demo. “Jesse Watters Primetime” (8:00 pm ET) delivered 2.8 million viewers and 284,000 in the 25-54 demo. “Hannity” (9:00 pm ET) remained dominant, nabbing 2.4 million viewers and 266,000 in the 25-54 demo, easily winning the timeslot and topping CNN and MSNBC in both categories. And “FOX News @ Night” (10:00 pm ET) delivered 1.2 million viewers and 187,000 in 25-54 demo.

Industry News

TALKERS News Notes

Austin, Texas’ KUTX Public Media names Wade Lee assistant general manager for strategy, engagement and development. In this newly created position, Lee will serve as a strategic advisor to the general manager and oversee the station’s membership, development, marketing and community engagement teams. He takes on many of Sylvia Carson’s responsibilities after her retirement in December.

SiriusXM’s “Busted Open” hosts Dave LaGreca, Mark Henry, Bully Ray and Tommy Dreamer are hosting a series of shows from Philadelphia from April 4 – 8, as the wrestling world comes to the City of Brotherly Love for one of WWE’s biggest annual events – WrestleMania. These special episodes of “Busted Open” will be open for the public to attend as the hosts preview the two-night WrestleMania event taking place at Lincoln Financial Field.

Industry News

Yesterday’s (4/2) Top News/Talk Media Stories

Former President Donald Trump’s legal battles and Judge Aileen Cannon’s jury instructions controversy; the presidential race; Israel’s war against Hamas and the deaths of seven aid workers in Gaza; Israel’s killing of Iranian generals and Iran’s promise of revenge; President Joe Biden’s Trans Day of Visibility controversy; the Baltimore bridge destruction aftermath; the Florida six-week abortion ban; and author JK Rowling’s challenge to the Scottish Hate Crime Act were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News TALKERS 2024

John Catsimatidis Named Recipient of 2024 TALKERS Freedom of Speech Award

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Self-made billionaire businessman, broadcasting entrepreneur, radio talk show host and best-selling author John Catsimatidis (pictured above speaking at last year’s TALKERS 2023) has been selected by the TALKERS editorial board as the 2024 recipient of the highly prestigious Gene Burns Memorial Award for Freedom of Speech. The honor, also commonly referred to as the “TALKERS Freedom of Speech Award,” is presented each year to a talk media practitioner whose work sets an example for the exercise and preservation of the First Amendment. In addition to Catsimatidis’ founding and/or ownership of major enterprises in the fields of grocery chains and the energy industry, he is a long-running radio talk show host who began changing the course of the medium’s history by purchasing heritage radio station WABC, New York in 2019.  Since then, the Greek immigrant born on the island of Nistros in 1948 and who came to the United States with his parents when he was six months old, has made significant progress in repositioning and reinvigorating the legendary talk and music station to its role as a major cultural and political influencer in modern media. This has been accomplished by boldly bringing diverse, high-profile voices to the station’s talent lineup, focusing heavily on local news and public policy issues, eliminating paid weekend programming, adding a dash of music and pop culture to the mix, concentrating the station’s schedule on live shows in real time and investing in community-oriented events. Catsimatidis’ Red Apple Media Group has subsequently expanded the station’s national footprint by acquiring WLIR-FM, Long Island and launching its own syndication arm, Red Apple Audio Networks. TALKERS publisher Michael Harrison, upon announcing the selection, stated, “John Catsimatidis is a true New York City legend and former mayoral candidate who has proven to be one of the most positive forces the radio industry has seen in decades. He embodies the spirit of what this award is all about. He joins a remarkable list of broadcasters from all ends of the political spectrum – left, right, middle, and apolitical – who’ve received this honor going back every year to the origins of TALKERS in the late 1980s.” The award will be presented at TALKERS 2024: Radio and Beyond at Hofstra University on Long Island Friday, June 7.

Industry News

WWO: Podcast Reach Now Matches That of TV

This week’s blog post from Cumulus Media | Westwood One’s Audio Active Group analyzes data from Edison Research’s just-released Infinite Dial study. Some of the takeaways from the study that are further explored in the post include: 1) No longer is podcasting a niche platform lacking scale:im Podcasting deserves a larger role in media plans as opposed to “test and learn” experimental buys. 135 million Americans, 47% of persons 12+, are reached monthly. Among demographics such as persons 18-34, 18-49, and 25-54, monthly reach is in the low 60% range; 2) It is feasible to consider shifting TV budgets to podcasting given that podcast 18-34 reach performance is as big as TV; 3) The ratio of monthly audiences who also listen weekly is an excellent measure of podcast habituation. At present, 71% of the monthly female podcast audience also listen weekly. This is the strongest female podcast habituation in the last decade; and 4) Currently, podcasts only represent 1% of total national ad spend, per Guideline’s Standard Media Index reporting. At the dawn of cable TV, legendary BBDO media chief Arnie Semsky created the “5% solution,” which stipulated that brands devote 5% of media budgets to cable. 5% is enough of allocation to generate meaningful impact. Semsky was prescient. His brands hugely benefited from taking an early, bold, and strong position in a growing new medium, a lesson for the marketers of today when it comes to podcasts. See the full blog post here.

Industry News

Audacy Hosting Infinite Dial Webinar

Audacy is hosting a webinar tomorrow (4/3) to look at data from Edison Research’s latest edition of its Infinite Dial study. The company says, “The Infinite Dial has become a critical resource for understandingim consumer behavior and technology adoption across smart platforms. Marketers and media buyers turn to these insights for important media trends in key channels such as radio, streaming audio, podcasts, social media, and more. Audacy will host a webinar on April 3 with head of research & insights Idil Cakim and Edison Research president Larry Rosin, who will share key trends from The Infinite Dial 2024, including: Media consumption and device adoption, in-car listening habits, podcast trends among key demographic groups, and observations and advertiser insights. Find registration information here.

Industry Views

Harrison Podcast Pays Tribute to Joe Lieberman

TALKERS founder Michael Harrison pays tribute to the late U.S. Senator Joe Lieberman on thisim week’s installment of the award-winning PodcastOne series, “The Michael Harrison Interview.” The program includes an archived interview conducted with Lieberman in 2018 for the podcast which offers valuable insight into his perspective on the Electoral College and the presidency of Donald Trump among other historic issues. Harrison describes the late senator and former VP candidate as, “one of the last true American statesmen of the modern era.” To listen to the podcast in its entirety, please click here.

Industry News

TALKERS News Notes

FOX Nation debuts a new true crime series, “Unsolved with James Patterson,” in which the acclaimed author examines three unsolved homicide investigations: the cases of Nanette Krentel of Louisiana, Elizabeth Salgado of Utah, and Brian Egg of California. Patterson says, “I was totally gripped by these cases. The fact that they are real-life stories – and that we may help bring justice to the victims and their families – is very special.”

The Podcast Academy honors New Hampshire Public Radio senior reporter Lauren Chooljian with the award for Best Reporting at its 2024 Awards for Excellence in Audio for her reporting on the longform investigative podcast, “The 13th Step.” Chooljian says, “I’ve been floored by all the recognition ‘The 13th Step’ has received lately, and I take it as a sign that despite the difficulties in our industry right now, there are so many people out there who deeply value in-depth, impactful audio reporting. So, let’s keep doing it!”

Industry News

Yesterday’s (4/1) Top News/Talk Media Stories

The presidential race and the RFK Jr. factor; former President Donald Trump’s legal battles; the Israel-Hamas war and the humanitarian crisis in Gaza; President Joe Biden’s Trans Day of Visibility controversy; the U.S. migrant crisis; the Baltimore bridge destruction aftermath; Florida’s abortion ban ruling; author JK Rowling’s challenge to the Scottish Hate Crime Act; and the Russia-Ukraine war were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

Longtime Charlottesville Talk host Joe Thomas to Acquire Virginia AM

Joe Thomas, who until this past weekend served as the morning drive host and program director at im Monticello Media’s WCHV-AM, Charlottesville, Virginia, is acquiring WTON-AM, Staunton, Virginia and two FM translators (W255DS, Harrisonburg at 98.9 and W266BQ, Crozet at 101.1) from Stu-Comm, Inc. for $275,000. Thomas is buying the station via his company Thomas Media LLC. After Monticello Media learned of the deal, it severed its relationship with Thomas. He tells TALKERS magazine, “We are looking forward to bringing local news and conversation back to the valley the same way we did for WCHV. We also hope to have my show back on the air in Charlottesville soon.”

Industry Views

Pending Business: Confidence

By Steve Lapa
Lapcom Communications Corp
President

imThe thing about outstanding performance is there is one key trait in the performer we can all agree on. It was on full display in front of millions during the past two weeks. It shows up every time an athlete takes the game to new levels, or an artist moves us out of our seats and collective comfort zone.

This trait is different from the energetic enthusiasm or the excitement we see from even entry-level performers. This trait takes time, experience, discipline and coaching before you can call it your own. We all need to pause a minute and make sure it is part of the developmental skill set being sharpened every day. Because you, the seller, cannot measure it on your own. You will need feedback from a trusted manager to be sure you are developing this part of your skill set to a level that will lead you to perform at peak efficiency.

Have you filled in the missing blank?

The trait is confidence. Not to be confused with arrogance, stubbornness, or being uncoachable. There is a difference between being so gifted that the student outgrows the teacher and sheer confidence. Confidence is that measured poise that shows your focus on the goals at hand, the calm you have under pressure, the ability to lead by example and the flexibility to adjust style and strategy. Confidence is one game changer that comes through whether working remotely or on in-person calls. Confidence is defined by proven experience as opposed to years on the job. Confidence is built by holding yourself to a standard that may be higher than what others expect. Confidence is developed when you set goals and stretch goals and through determination you achieve and exceed your goals. Confidence is recognized fastest when your performance leads by example and helps others achieve their goals. How do you begin developing confidence in your own performance?

1. Start with the one person you can control: You!

2. Prepare to Win. How much time do you spend preparing your calls? It takes 10 years of medical school education to accurately diagnose a one-second heartbeat.

3. A little positive self-talk helps. Think positive as in “I can do this.”

4. Invoke the great Charlie Munger theory. Get rid of the toxic influences in your (sales) world.

5. Learn from your wins and losses. When you win business the learning curve is simple. Very few managers teach sellers how to manage a competitive loss. Ask for the type of feedback that will help you improve.

6. Collaborate. The smartest people I know constantly ask questions.

7. Expand your knowledge base, experience base, and contact base every day.

Confidence is one universal trait in every champion. What is in your planner to help build your confidence?

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: April Fool!

By Holland Cooke
Consultant

imPick a day, any day. At least one news item will have the little voice in your head hollering “TELL me you’re kidding!” After recent headlines, and as various plots thicken, that little voice might need a lozenge.

In olden times, DJs’ and hosts’ April 1 on-air shenanigans would amuse and/or upset listeners. Some of these gags cost jesters their jobs. Expect less of that today, as the local talent ranks have thinned. Maybe A.I. DJs will come up with something.

As cutbacks were cascading on April 1, 2008, my gallows humor headline was: “Farid himself now voice-tracking True Oldies, using on-air name Fred Soulman, as staff cuts force management on-air. The Mystery Oldie-of-the-Day winner gets 1,000 shares of Citadel stock or $1,000 cash, whichever is less. APRIL FOOL!”

im

Back to the future: Many surviving jocks and talkers and newscasters have something in common, what consultants call “word economy.” It’s never been more important than during these dizzying days, but it’s nothing new. All along, those who took only 7 seconds to make a point seemed to be more successful than those who took 17 seconds. When I was a DJ, I stole a line from WABC’s Dan Ingram, who intro’d the Elton John song, “Someone Shaved My Wife Tonight.”

If you’re spinning the hits, streams are spinning more of ‘em, without eight-unit stopsets. So keep it moving. Doing news? Listeners are wondering “What NEXT?” and if you’re telling them, succinctly, they’ll find you helpful and habit-forming. Hosting a talk show? Understand that every other media experience listeners favor is interactive. Busy caller traffic (something local advertisers notice) lets you own topic du jour.

And whether you’re a DJ, news person, or host: Every…single…minute…someone just got in the car. Reset frequently-enough that they’re up-to-speed.

But don’t take my word for it. Being April Fool’s Day, I’ll let these funsters (some immortal) demonstrate this word economy I preach:

“I saw a bank that said ‘24-hour banking,’ but I don’t have that much time.”

— Comedian Steven Wright, my Block Island neighbor

“When I was a kid my parents moved a lot, but I always found them.”

Rodney Dangerfield

“I was going to have cosmetic surgery until I noticed that the doctor’s office was full of portraits by Picasso.”

Rita Rudner

“I’ve had a perfectly wonderful evening, but this wasn’t it.”

Groucho Marx

“I hate housework. You make the beds, you do the dishes, and six months later, you have to start all over again.”

Joan Rivers

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

Townsquare Media Repurchases $14.6 Million of Common Stock

Townsquare Media announces that it is repurchasing and retiring 1.5 million shares of Class A common stock held by MSG National Properties, LLC, for $9.76 per share. The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024. This transaction follows Townsquare’s June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. The purchase price of $14.6 million was funded entirely with cash on hand. In 2023,im Townsquare’s Cash Flow from Operations increased 35% year-over-year to $68 million, or approximately $4.07 per basic share based on shares outstanding as of March 28, 2024. Pro forma for this transaction, Cash Flow from Operations per basic share increased to approximately $4.47, representing accretion of approximately 10%. Following the transaction, the Company has 15.2 million shares outstanding. Townsquare CEO Bill Wilson says, “We are very pleased to share that we have repurchased just under 10% of our total shares outstanding in an immediately accretive transaction for our shareholders. Since 2021, we have repurchased 16.2 million shares at an average price of $7.19, while simultaneously reducing leverage. The strong cash generation characteristics of our business model, which produced $68 million of cash flow from operations in 2023, has afforded us the opportunity to accretively repurchase equity and debt, while also investing internally in our digital growth engine. In addition, we introduced a high-yielding dividend in 2023, and recently increased it by 5%. Our dividend has a yield of 7% as of March 28, 2024. With a strong cash balance of $40 million following this transaction, we will retain financial flexibility moving forward and we are confident in our ability to build shareholder value for our investors through long-term net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, future dividend payments, and potential future share repurchases.”