Industry News

TALKERS News Notes

The new podcast “Beyond The Scalpel,” hosted by the Dr. Elie Levine and Dr. Jody Levine of Plastic Surgery & Dermatology of NYC premieres. The podcast explores the newest techniques and technologies revolutionizing plastic surgery and dermatology. It also presents factual information that dispels common misconceptions in the industry. Dr. Elie Levine says, “This program will offer listeners a tremendous amount of insight into the large number of cosmetic surgeries available. We’re presenting perspectives that will inform and empower individuals.”

Mentoring and Inspiring Women in Radio, Inc announces that Jessica Williams, national adult contemporary host and community outreach director for Townsquare Media Rochester, Minnesota as Speak Up’s 2024 mentee. Created in partnership with Media Staffing Network and Laurie Kahn before her passing, Speak Up! is a one-year program designed for one mentee from any department in a small to medium radio market. The program is designed to encapsulate so much of what Kahn brought to the industry – a mentorship that encourages and empowers women to develop confidence and sharpen communication skills – to hone the ability to effectively speak up in order to further attain her goals.

WYPR, Baltimore announces the appointment of Marquis Lupton as the new local host of “All Things Considered.” Lupton takes on his new role starting July 10, bringing his wealth of experience and dynamic storytelling to the Baltimore airwaves every weekday from 4:00 pm to 6:00 pm. Lupton joins WYPR from Harrisburg, Pennsylvania, where he previously hosted at public radio station WITF.

Industry News

Top News/Talk Media Stories Over the Weekend

The presidential race and Joe Biden’s fitness for the presidency; the spate of Supreme Court rulings; the U.S. migrant crisis; France’s National Rally party leads first round of parliamentary elections; the Israel-Hamas war and pro-Palestinian protestors block NYC pride parade; and Hurricane Beryl approaches the Caribbean islands were some of the most-talked-about stories in news/talk media over the weekend according to ongoing research from TALKERS.

Industry News

Veteran Radio Industry Executive Steve Lapa Passes

BREAKING NEWS:  Details at press time are still sketchy but TALKERS has learned that longtime radio industry executive Steve Lapa passed away this morning (6/28) at the age of 72. Cause of death is not available at press time. Lapa was the CEO and founder of South Florida-based media marketing firm, Lapcom Communications.  He was a widely read TALKERS columnist whose weekly “Pending Business” commentary was a source of information and inspiration to radio sellers across the nation and one of theim trade publication’s most popular features. He also recently appeared as the moderator of the “Generating News/Talk Revenue” panel at the recent TALKERS 2024: Radio and Beyond conference – a role he also played at the 2023 installment of the TALKERS conference. Lapa was highly active as an advisor to Newsmax Media for the past decade in the development of its multimedia operations including Newsmax Radio. Starting on-air, then working through the ranks of programming, production and sales, Steve Lapa, at age 25, became the youngest general manager in the US of a group owned top 30 DMA radio station WGRQ, Buffalo. Continually assigned to lead turnaround properties, Steve focused on delivering revenue and audience growth through the insightful opportunities blending on-air talent creating unique programming with high-profile event partnerships. He quickly became a category innovator. Steve’s first-mover concept, developed in the early era of superstar stadium concerts, proved highly profitable across program channels, talents, and venues at all levels. Steve held upper-level management positions at 28 radio and TV stations for public and privately held companies from South Florida to San Francisco. One of his most recent positions was as VP/GM of talker WFTL, Fort Lauderdale/Miami. After successfully managing and innovating for others, Steve and financial partner Myer Feldman co-founded Ardman Broadcasting of Florida and Cape Cod, to acquire underdeveloped broadcast assets, which were developed then divested at 200-400% returns. Steve went on as founder of his own Lapcom Communications generating the same results at his wholly owned stations.  Lapcom Communications was the parent company for Lapa’s current business activities until his death today.  More information including arrangements will be posted when available.

Industry News

KFNS-AM, St. Louis Drops Local Talent; Will Air FOX Sports Radio

The media reports from St. Louis indicate that sports talk KFNS-AM, St. Louis owner and general manager Dave Zobrist has let his local staff of sports talk hosts go and will begin airing FOX Sports Radio content beginning Monday (7/1). Premiere Networks is announcing that the station is its newest affiliate today.im Zobrist tells the St. Louis Post-Dispatch that the change is financial in nature as he is actively seeking a buyer for the station. Leaving KFNS-AM are morning hosts Cam Janssen, Charlie Marlow, and Jim Hayes; late morning host Frank Cusumano, and afternoon personalities Nate Lucas and Bernie Miklasz. In the FOX Sports Radio press release, Zobrist says, “We’re excited to expand our partnership with FOX Sports Radio to bring the biggest names in the sports talk format to St. Louis. Broadcasting FOX Sports Radio’s lineup, along with local play-by-play, will continue our commitment to delivering bold, exciting and entertaining sports talk to our listeners.”

Industry News

iHM Philly Honored with Civic 50 Award

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Pictured above are iHeartMedia Philadelphia region president Jeff Moore (right) and director of news and community affairs Loraine Ballard Morrill (left) as the company’s Philadelphia cluster is named a 2024 honoree of the Civic 50 Greater Philadelphia by the Chamber of Commerce for Greater Philadelphia in partnership with globally recognized nonprofit Points of Light, lead partner the Philadelphia Foundation, and other local partners. The Civic 50 Greater Philadelphia provides a standard for superior corporate citizenship showcasing how civic-minded companies can use their time, skills, and resources to drive social impact within their organizations and communities.

Industry News

Top News/Talk Media Stories for Week of June 24 – 28

The presidential race and Thursday night’s debate in Atlanta combined as the most-talked-about story in news/talk media during the week, landing atop the Talkers TenTM. At #2 this week was the numerous primary races, followed by the U.S. migrant crisis 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. It is published every Friday at Talkers.com. See this week’s complete chart here.

Industry News

Sottolano Rises to Chief Programming Officer at Audacy

Audacy promotes Jeff Sottolano to chief programming officer and signed him to a multi-year contract extension. In this role, Sottolano will be responsible for the content strategy and performance of Audacy’s local brands in all formats across broadcast, streaming, and podcast distribution platforms and oversee theim programming leadership team, talent, and content creators nationwide. Sottolano will also work closely with the company’s product and technology teams as it enhances its creator tools and delivers new digital experiences for consumers and advertisers. He will also collaborate with its podcast leadership team on the development and launch of new titles. Audacy chief operating officer Susan Larkin states, “Jeff has a track record of success. He and our programming and brand leaders have executed market-winning content strategies and initiatives that deliver for our listeners and advertisers. Jeff’s leadership has been instrumental in elevating our performance across all platforms, and this promotion underscores our confidence in his ability to continue growing our best-in-class brand portfolio.” Sottolano joined Audacy (then-Entercom) in 2001 as an intern and has served as EVP and head of programming since 2021.

Industry News

Edison Research: Video Appeals to Podcast Fans

According to Edison Research’s Edison Podcast Metrics, 79% of weekly podcast listeners in the U.S. have consumed a ‘video podcast’ – essentially watching, or at least listening to the content on a video streaming platform. Edison Podcast Metrics further measures whether podcast listeners are actively or passivelyim watching video podcasts. Sixty-two percent of weekly podcast listeners 13+ have enjoyed video podcasts passively, with the video content playing in the background while listening to the audio. Meanwhile, the data reveals a compelling point – 72% of weekly podcast listeners 13+ have enjoyed video podcasts actively, meaning they have watched video as they listen to the podcast. Edison says, “Podcasts with video elements also allow creators to repurpose content into short, engaging clips tailor-made for social media platforms – think YouTube shorts, TikTok, or reels on Instagram or Facebook. This strategy can work to enhance a show’s digital presence, while amplifying the reach and engagement of podcasts overall.”

Industry News

“In the Vet’s Office” Joins Nashville Podcast Network

Premiere Networks and Bobby Bones announce the addition of “In The Vet’s Office” with Dr. Josie Horchakim to Bones’ Nashville Podcast Network. In each show, Dr. Josie sits down with co-host Shannon Ella to answer questions she’s constantly hearing at the office, including: What should I feed my dog? How do I potty train my puppy? Do I really need to brush my pet’s teeth? She helps listeners navigate pet ownership through sharing cases she’s seen in her 15+ year career as a veterinarian, answering listener calls, and giving her weekly “Paw & Order” list of things she would never do with her own pets.

Industry News

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

The presidential race and tonight’s debate in Atlanta; inflation and the state of the U.S. economy; the SCOTUS accidental release of the Idaho abortion case decision; the failed military coup in Bolivia; Donald Trump’s legal battles; Tuesday’s primary races; the Israel-Hamas war and Israel’s turning its attention to Hezbollah in Lebanon; and the Midwest flooding were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry News

KOGO-AM, San Diego Unveils New Afternoon Lineup

iHeartMedia makes changes to the afternoon programming on news/talk KOGO, San Diego “Newsradio 600.” Mike Slater hosts the 3:00 pm hour, “The Lou Penrose Show” follows from 4:00 pm to 6:00 pm, andim Leland Conway and Mark Larson host from 6:00 pm to 8:00 pm. KOGO program director Mary Ayala says, “I’m thrilled about our new afternoon lineup. It showcases some incredible local talent who are ready to tackle tough San Diego issues head on in addition to providing listeners with insights and perspectives on national news and politics as we navigate this crucial election year.” Penrose comments, “I am excited about the announcement of this new contract with iHeartMedia and proud to be serving under a great San Diego leadership team. Onward and upward for Newsradio 600 KOGO and San Diego. Let’s GO!”

Industry News

FNC’s “Gutfeld!” to Air Live from RNC in Milwaukee

FOX News Channel’s “Gutfeld!” will broadcast live from the Republican National Convention in Milwaukee atim 11:00 pm ET July 15 through July 18 before a live studio audience in Milwaukee’s Deer District. Host Greg Gutfeld, panelist Kat Timpf, and three guests will appear on each show. The live show will follow FOX News Channel’s “Democracy 24: Republican National Convention” special primetime coverage helmed by Bret Baier and Martha MacCallum.

Industry News

KURM-AM/FM, Rogers, Arkansas to Cease Operations

According to a report in the Siloam Springs Herald Leader, news/talk KURM-AM/FM in Rogers, Arkansas (about 25 miles north of Fayetteville) go dark on July 1 after 45 years of service to the community. The station is owned by Kermit Womack, the 89-year-old father of Republican U.S. Rep. Steve Womack, whoim states in a press release, “It’s with a great deal of regret that I announce today the end of an era in local broadcasting. KURM has been a mainstay in this region for nearly 45 years, dedicated to the coverage of local events across a three-state region. Our style of radio is hard to do. That, coupled with some unfortunate health circumstances, have led to this decision.” Steve Womack put the station on the air in 1979 and the Herald Leader says he managed it for 11 years before leaving to join the Army ROTC program at the University of Arkansas. Steve Womack tells the paper, “It’s a sad day, to be sure. But over time, not only has this business changed dramatically, but the listening habits of people have changed. There are simply too many outlets competing for consumers. My father is an institution. He’s among the last of a vanishing breed. He is KURM, and if he is unable to continue, it is fitting that the station retires with him.” Read the Herald Leader report here.

Industry News

Red Apple Syndicates James Golden Weekend Show

Former Rush Limbaugh producer James Golden, a.k.a. Bo Snerdley, is being syndicated by Red Apple Audio Networks. The WABC, New York-based program “The James Golden Show” airs Saturdays from 7:00im am to 10:00 am with “news, interviews, and entertainment, with a relaxed vibe that listeners want on weekends.” Red Apple chief John Catsimatidis states, “Presenting listeners with captivating, interesting programming and big-name hosts always wins, and we have seen proof of that with our growing weekend audience. Our listeners on WABC Radio have gravitated towards the interesting programs we deliver on weekends, including ‘The James Golden Show’ on Saturday mornings.”

Industry News

Yesterday’s (6/25) Top News/Talk Media Stories

The presidential race and Thursday’s debate; primary races; WSJ reporter Evan Gershkovich’s Russian espionage trial; Donald Trump’s legal battles; Wikileaks founder Julian Assange’s plea deal; the U.S. migrant crisis; the Israel-Hamas war; and the Midwest floods were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry News

SuperTalk Mississippi Media Offers News Via Spotify and Apple

SuperTalk Mississippi Media is making hourly newscasts from SuperTalk Mississippi News available via Spotify and Apple Podcasts. The company’s news is aired across the more than 45 talk and music stations. SuperTalk Mississippi Media president and CEO Kim Dillon says, “SuperTalk Mississippi News now beingim available through both major podcast platforms is a testament to SuperTalk Mississippi Media’s commitment to keeping more and more listeners up to date with what’s going on across the state. I’m very proud of our news team and their ability to not only broadcast accurate news but deliver it to the masses in more ways than just the radio dial.” SuperTalk Mississippi Media news director J.T. Mitchell adds, “While radio is still incredibly effective in delivering news and I don’t believe that’s ever going to change, we want to offer more ways for our listeners to have news at their fingertips. I am so thankful for the team’s willingness to adapt and thrive as we find more ways to reach Mississippians and keep them informed on a daily basis.”

Industry News

Nationally Syndicated Jock Tom Kent Passes at 69

Programmer, radio DJ, and independent syndicator Tom Kent died on Monday (6/24) after a two-year battle with cancer. Kent worked his entire career in music radio – mostly as a CHR jock – but his success in the CHR genre was admired by many talk radio personalities. He led the Tom Kent Radio Network for which he hosted and produced syndicated daily, weekend and, 24/7 programming each week on approximately 600im stations mostly for classic hits and adult contemporary music formats. Prior to syndication, Kent worked on the air and in programming at legendary Top 40 stations including WLS, Chicago; KLIF & KFJZ Dallas-Ft Worth; WIBG Philadelphia and more. On the passing of Tom Kent, TALKERS founder Michael Harrison states, “He was a quintessential practitioner of one of America’s great forms of audio art – top 40 radio.  The disc jockey, in that now almost completely extinct genre, was a uniquely specialized vocal performer akin to being a singer or musical instrument deftly inserted within the hyper-dynamic backdrop of a symphony known as a radio format. Art Vuolo’s video captures not only the superb talent possessed by Kent in executing this amazing audio choreography – but amply displays his passion for excellence and behind-the-scenes pride. When Kent seamlessly hits the posts on driving rock intros of songs with which he is intimately familiar and pumps his fist with glee when pulling it off, it unleashes an adrenaline rush similar to a pro basketball star landing a slam dunk and swinging that extra second from the rim. See the tribute video created by Voulo Video’s Art Vuolo here.

Industry News

Katz Takes Pie in the Face for Charity

WRVA, Richmond talk host Jeff Katz is pictured here getting a pie in the face as the Fatherhood Foundationim of Virginia teamed up with the Richmond Flying Squirrels baseball team for an awareness campaign and fundraiser called, “Pie Dad in the Face,” which takes place during home games at The Diamond. Katz says, “I ‘volunteered’ knowing full well that my kids were unavailable, but my best friend Jamal offered the services of his son Judah who was more than happy to lay the whipped cream down on Uncle Jeff.”

Industry News

Townsquare to Present at Media Conference

Townsquare Media will present at Noble Capital Markets’ Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26. The presentation will be held at 11:00 am ET and will feature a fireside style Q&A session with questions welcome from the live virtual audience.

Industry News

Yesterday’s (6/24) Top News/Talk Media Stories

The presidential race and Thursday’s first debate; Julian Assange strikes plea deal with U.S. over Wikileaks’ release of secret documents; the U.S. migrant crisis; the Israel-Hamas war; the Houthi rebels’ attacks in the Red Sea; and the heavy rainfall affecting parts of the Midwest were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry Views

Monday Memo: NOW What?

By Holland Cooke
Consultant

Cost cuts continue. If you’re still working, it is, unfortunately, only prudent to wonder for-how-long. If your position is safe, are you being given additional responsibility without additional compensation? And/or have you had-it-up-to-here with the hours?

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The skill set you have accrued working on-air can open lots of doors elsewhere, especially because you are a local brand. Here are 18 options, most of which I, personally, have exploited. Which of these fit you?

Holland Cooke (HollandCooke.com) is a consultant working 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

Mott Joins AdLarge as Director of National Digital Partnerships

AdLarge announces that Jess Mott is named director of national digital partnerships. AdLarge EVP of audioim sales Robin Sloan says, “I am delighted to welcome Jess Mott to AdLarge and the fwd. network. Her extensive experience and success in driving revenue growth and fostering strategic partnerships will be invaluable as we expand our digital capabilities.”

Industry News

Top News/Talk Media Stories Over the Weekend

The presidential race and this week’s first debate; the U.S. migrant crisis; the expected SCOTUS ruling on former President Donald Trump’s claim of presidential immunity; the deadly terror attacks in Russia’s Dagestan province; the Israel-Hamas war and Israeli Defense Minister Yoav Gallant’s trip to the U.S.; the more than 1,300 heat-related deaths at the Hajj pilgrimage in Saudi Arabia; the heatwaves affecting the U.S. and climate change were some of the most-talked-about stories in news/talk media over the weekend, according to ongoing research from TALKERS.

Industry News

Audacy Names Chris Kinard Sports VP

Audacy names Chris Kinard sports format vice president. Kinard takes over for Spike Eskin, who recently returned to Philadelphia to serve as afternoon show co-host on SportsRadio 94WIP. In this role, Kinard will lead brand and format strategy and execution for the company’s sports portfolio and collaborate closely withim vice president of sports Danny Freisinger on the company’s multiplatform content strategy and production. Kinard will continue to serve as vice president of sports programming and cluster director of operations for Audacy Washington DC that includes WJFK-FM “106.7 The Fan,” WTEM-AM “The Team 980,” and WIAD-FM “94.7 The Drive.”  Audacy EVP and head of programming Jeff Sottolano comments, “We are privileged at Audacy to benefit from the best local sports content thought leaders in the country and Chris has distinguished himself through his leadership of WFJK-FM and WTEM-AM in D.C. over many years. I am excited to see Chris take on this new role and partner with our local and central leadership on further strengthening our unrivaled position in sports.”

Industry Views

Kim Komando is This Week’s Guest on Harrison Podcast

Talk media megastar Kim Komando is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Komando is a syndicated talk radio star, newspaper columnist, and internationally renowned technology expert. She’s known to her millions of listeners and readers as “America’s Digital Goddess,” For more than three decades, she has been burning up talk media as the leading authority on the evolving technology and sociological impact of the digital era. She is a Radio Hall of Fame inductee and past recipient of the TALKERS Woman of the Year award. This outstanding broadcaster and modern-day thinker produces, hosts, and distributes a weekend three-hour radio talk show, with a recently expanded fourth hour designed to stand on its own. This extra hour was recently added to the Friday evening lineup at WLS-AM, Chicago where it is exploding with ratings success. And now WSB-AM, Atlanta has added it to their Saturday menu where it is showing immediate audience traction. Komando also hosts a couple of short-form daily shows about computers and digital technology heard on stations across America including such giants as WABC, New York and WTOP-FM in Washington, DC. Harrison and Komando engage in an extraordinary conversation about AI and its looming impact on Homo sapiens. Don’t miss this! Listen to the podcast in its entirety here.

Industry News

TALKERS News Notes

Good Karma Brands and ESPN Los Angeles 710 AM announce a new partnership with the University of Southern California to become the official broadcast home of USC Athletics, including USC Football, USC Men’s Basketball, and USC Women’s Basketball. ESPN Los Angeles market manager Sam Pines comments, “We are thrilled to partner with USC Athletics and bring game coverage to our passionate audience in Los Angeles on ESPN LA 710 AM and beyond with the opportunity for fans to tune in on the ESPN LA app. USC has a rich tradition of excellence in sports, and we are committed to delivering the high-quality coverage for Trojans fans.”

PodcastOne podcast, “Gals on the Go,” is teaming with skincare band fresh beauty for a live podcast recording event in New York City tomorrow (6/22) as part of the Second Annual fresh Beauty Rose Pop-Up. Hosts Danielle Carolan and Brooke Miccio will bring their lively banter and engaging conversation to a live audience gathered to celebrate fresh beauty’s Rose Collection. PodcastOne chief revenue officer Sue McNamara says, “At PodcastOne we strive to find pivotal brand associations that resonate with our hosts and their audiences. Our desire to amplify and highlight products and partnerships with out-of-the-box concepts, ideas and innovations allow us and our shows to align with market leading companies like fresh beauty.”

New England Public Media names John Sutton, currently serving as the NEPM interim chief content officer, to the newly established position of vice president of content and audience strategy. NEPM president Matt Abramovitz says, “In this pioneering role, John will develop the strategy and plan to make NEPM the indispensable guide to Western Mass. After months of searching, John stood out because of his many years of strategic and programming consulting in the public radio system, as well as his experience in-house at NPR and Pittsburgh’s WESA.”

Industry News

Top News/Talk Media Stories for Week of June 17 – 21

The presidential race, including next Thursday’s debate, was the most-talked-about story in news/talk media this week, landing atop the Talkers TenTM. At #2 this week was the U.S. migrant crisis, followed by the Vladimir PutinKim Jong Un meeting and Russia’s Cuba war games 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. It is published every Friday at Talkers.com. See this week’s complete chart here.

Industry News

KMJ, Fresno Documentary Wins Regional Emmy

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The documentary film that chronicles the origins and century of success of Fresno radio station KMJ titled, “KMJ: 100 Years in the Valley,” was honored with a regional Emmy Award for Outstanding Achievement in Historical/Cultural News or Long-Form Content at the Northern California Area Emmy Awards Gala on June 15, at the San Francisco Hilton in San Francisco. KMJ-AM/FM program director and producer Blake Taylor accepted the Emmy Award, along with director/producer Jeff Aiello and producer Laura Goodreau and their team. Cumulus Media Fresno RVP and market manager Patty Hixson comments, “So proud of all of those talented individuals past and present that contributed to the greatness of the KMJ brand. It’s humbling to be recognized by our peers for this honor. And a very special thank you to the Bill Tatham family for underwriting this massive project. They are truly central California and Fresno’s gem!”

Industry News

NPR Shows Remain Atop Triton Digital Podcast Ranker

NPR’s “NPR News Now” and “Up First” kept their #1 and #2 places (respectively) on Triton Digital’s U.S. Podcast Ranker for May (April 29 – June 2). The ranker presents the top U.S. podcasts based on weeklyim average downloads for shows that opt in. This month sees the inclusion of iHeart Audience Network podcasts and a lot of shows debuting on the chart for the first time. Some of those include “Stuff You Should Know” at #6, “The Breakfast Club” at #16, “The Clay Travis and Buck Sexton Show” at #26, “The Sean Hannity Show” at #63, and “The Jesse Kelly Show” at #84. See the complete ranker here.

Industry News

TALKERS News Notes

Remote News Service adds new affiliate stations as WWJB-FM, Brooksville, Florida; WIRY-FM, Plattsburgh, New York; and Champling Broadcasting in Oklahoma City subscribe to the service for local newscasts.

National multimedia sports platform OutKick reports that it finished May 2024 with 5.5 million total desktop and mobile unique visitors, up 3% versus April 2024, which is the second highest month-over-month growth compared to its custom competitive set. The platform also saw 23 million total multiplatform views and 20 million total multiplatform minutes, according to data from Comscore.

Industry News

Yesterday’s (6/19) Top News/Talk Media Stories

The Louisiana Ten Commandments law; the renewed Russia-North Korea alliance; the presidential race and next Thursday’s presidential debate; the Israel-Hamas war; former President Donald Trump’s legal battles; the U.S. migrant crisis; the U.S. national debt; the Juneteenth holiday; and the extreme heat in the eastern U.S., the New Mexico wildfires & Tropical Storm Alberto drenches south Texas were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry News

NYPost: FCC’s Carr Warns of “Soros Shortcut”

Federal Communications Commissioner Brendan Carr commented to the New York Post about liberal billionaire investor George Soros’ acquisition of $400 million of Audacy’s debt (and a potential controlling interest) and the company’s hope the FCC will greenlight its exit from Chapter 11 reorganization. At issue isim the FCC’s requirement to do a foreign ownership review and Audacy’s request that the FCC grant a limited waiver of that review in order to more speedily exit Chapter 11. This request is under heavy scrutiny due to the political aspects of the case. Carr recently told the Post that the FCC should not allow a “Soros shortcut” – a term used by the Media Research Center in its Petition to Deny filed with the Commission – but must follow FCC procedure. Audacy argued in its opposition to the Petition to Deny that there is nothing unique about this request, saying that the FCC “granting a limited waiver deferring its foreign ownership review to facilitate a licensee’s prompt emergence from bankruptcy is consistent with the Communications Act.” Audacy adds that the notion that the limited waiver is new “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.” See the Post story here.