Industry News

Industry Speculation About Soros’ Plans for Audacy News and Talk Outlets Intensifies

AudacyAudacy, Inc. announced yesterday (9/30) that it has successfully completed its financial restructuring, implementing a fully consensual, deleveraging transaction that equitized approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to $350 million. Sources at the radio giant – owner of more than 220 local stations including major all-news, news/talk, and sports talk outlets – say the company emerges as a “healthy, scaled, multi-platform leader in the dynamic audio sector, with total net leverage of approximately 2.7x, differentiated by its #1 position in exclusive, premium audio content.”  imAudacy will continue to be led by David J. Field, its current president and CEO, and its existing management team. Field will also serve on the company’s new board of directors.  Field states, “We are pleased to have successfully achieved all of our restructuring goals, emerging with an outstanding balance sheet, delivering industry-leading growth, serving our listeners and advertisers with excellence and honoring our commitments to employees and partners,” adding, “Today, Audacy embarks on our next chapter, capitalizing on our position as a scaled, multi-platform audio leader, differentiated by our exclusive, premium audio content, including our unrivaled leadership in sports audio, powered by our industry-leading financial strength and focused on accelerating our innovation and digital transformation. We are maximizing a broad set of opportunities to further accelerate our growth for the benefit of Audacy and all its stakeholders.” In conjunction with the completion of its restructuring, Audacy is expected to become a private company. Audacy’s restructuring comes after the FCC’s commissioners gave a thumbs up on the assignment of licenses held by the radio giant to a new, post-bankruptcy version of the company on September 18, allowing the radio giant to bypass the commission’s review, at least temporarily.  According to reliable reports, the Soros Fund Management, led by billionaire investor and powerful supporter of liberal causes, George Soros, acquired over $400 million of the radio company’s debt, making it the largest contributor among a group of lenders looking to exchange loans for stock.  Concern grows in the radio industry and related political circles, including some Members of Congress, that the influence of Soros’ political leanings might be felt in the programming of Audacy’s all news stations and predominantly conservative news/talk outlets.

 

Industry News

WABC Morning Host Sid Rosenberg to Make Second Trip to Israel for Week-Long Live Broadcasts on Anniversary of October 7

Sid and Friends on 77 WABCSid Rosenberg, host of “Sid & Friends In the Morning” on WABC, New York, is making his second trip to Israel since the Hamas attack on October 7, 2023, for a series of live broadcasts, Monday, October 7 through Thursday, October 10, 2024, including from near the Gaza border. Rosenberg, who is active in the New York Jewish community and has streaming listeners in Israel, made his first trip in January, just a few months after the attack.

“I was so moved by the brutal Hamas attack on Israel, I just had to go,” explained Rosenberg. “I went to [station owner/CEO} John Catsimatidis and [station president] Chad Lopez and said, ‘I have to be there… we have to be there,’ and they said yes! I am so grateful for their support for this monumental trip and broadcasts to honor and remember those who lost their lives and those who are being held hostage.” John Catsimatidis tells TALKERS, “When Sid came to us, we didn’t hesitate,” adding, “Sid is passionate about the attacks on Israel, and, make no mistake, he is putting himself in danger to bring the truth of what’s going on in the Middle East to our listeners.”  Chad Lopez tells TALKERS, “WABC was the only New York radio station to broadcast from Israel following the October 7 attack, and we felt it was just as important to return for the anniversary,” adding, “As a broadcaster, it is our responsibility to deliver global news to our listeners, whether they are in New York, other states, or tuning in from around the world via the internet or our app. We are proud to support Sid on this important trip.”

Industry News

Cumulus Fresno’s NewsTalk 580/105.9 KMJ Partners With Gar Bennett to Raise a Record-Breaking $493,000 for the Central California Food Bank in 11th Annual Feeding Families Fund Drive

Cumulus Fresno’s NewsTalk 580/105.9 KMJ Partners With Gar Bennett to Raise a Record-Breaking $493,000 for the Central California Food Bank in 11th Annual Feeding Families Fund DriveNewsTalk 580/105.9 KMJ in Fresno, CA, joined forces with local agriculture company Gar Bennett to raise funds for the Central California Food Bank through the 11th Annual Feeding Families Fund Drive (9/20). KMJ listeners responded to the one-day broadcast with generous donations to help their less fortunate neighbors, raising over $200,000 in a single day. Gar Bennett matched every donation with 50 cents on the dollar, for a grand total of $493,000 going to the Central California Food Bank. Co-sponsor Farm Credit also pitched in with a large donation to the cause.  The annual one-day event has raised more than $4.5 million for the Central California Food Bank, providing 20 million meals in 11 years. This year’s record-breaking fundraising effort will feed over two million people who struggle with hunger in the Central Valley.  Pictured above (l-r): KMJ’s Ray Appleton; Kym Dildyne, CEO, Central California Food Bank, and KMJ’s Liz Kern.

Industry News

EXCLUSIVE DEBUT: Richard Neer’s New Radio Short Story, “Invisible Airwaves”

Invisible Airwaves

Legendary WFAN, New York personality Richard Neer, an accomplished author as well as a radio broadcasting pioneer in both the album rock and sports-talk genres, has written a fascinating short story that takes place in a contemporary radio setting. TALKERS is proud to publish its world debut today (9/30) marking the first time in its 34-year history that the trade journal is presenting a work of literary fiction based on the media.  TALKERS publisher Michael Harrison states, “Our talk media industry readers will find this short story relatable, dramatic and compelling.”

Kelly Sterling, a lifestyle reporter for The Washington Post, sets out to find Greg Campbell, a once-prominent DC radio talk show host who vanished from the airwaves more than two decades ago. His search leads him to a small town in rural Virginia, where Campbell broadcasts from a tiny station with little reach. Now in his nineties, Campbell continues to deliver thoughtful, reasoned commentaries, offering a rare voice of moderation in an increasingly polarized media landscape. Sterling meets Campbell and his daughter, Grace, who cares for him and supports his passion for broadcasting. Despite the station’s humble setting, Campbell’s love for radio and dedication to the principles of journalism shine through as he prepares for each broadcast. As Sterling digs deeper, he discovers there’s more to the story of Campbell’s life and career than he initially expected, revealing layers of resilience, purpose, and the enduring impact of one man’s voice.

To read the story in its entirety, please click here.

Industry News

CNN: Local Broadcasters Become Lifeline for Hard-hit North Carolina Communities in Wake of Helene’s Wrath

Industry News

Top News/Talk Media Stories for Week of September 23-27

Industry News

TALK MEDIA INDUSTRY PERSPECTIVE: Trump Bites the Hand that Feeds Him

At a rally in Indiana, PA yesterday (9/23) former President Donald Trump, working largely impromptu without a teleprompter, wandered off whatever script he was working with and took a shot at the FOX News Channel that should raise a few eyebrows across the talk media industry regardless of political position.  After complaining about FOX’s practice of having some guests or sources on that are not pro-MAGA, which itself is a breach of journalistic boundaries, he stated, “You ever notice on FOX… they put me on… I do a great job… and then they follow me with a horrible commercial?  I say what the hell is the good of me doing it. Roger Ailes never allowed bad commercials.  What’s the purpose of me doing a nice show and they put nine horrible commercials on which are all lies.”

Industry News

WABC Owner John Catsimatidis is this Week’s Guest on Harrison Video

Industry News

Legendary Phoenix Suns PBP Announcer Al McCoy Passes Away at 91

Industry News

WABC Celebrates Pols Who Support the AM for Every Vehicle Act

Industry News

NAB Stands Up for Licensed Broadcasters Against Proposed FCC AI Rule

The National Association of Broadcasters chief legal officer and executive vice president, legal and regulatory affairs, Rick Kaplan has posted a blog protesting the FCC’s proposed rule requiring disclaimers on political ads that use AI. Here’s a key excerpt:

“The Federal Communications Commission (FCC) is considering new rules that would require broadcasters to insert a disclaimer on political ads that use AI in any form. Unfortunately, due to the FCC’s limited regulatory authority, this rule risks doing more harm than good. While the intent of the rule is to improve transparency, it instead risks confusing audiences while driving political ads away from trusted local stations and onto social media and other digital platforms, where misinformation runs rampant.” 

To read the entire post, please click here.

Job Opportunity

Morning Radio Executive Producer Based in Richmond, VA

Industry News

Top News/Talk Media Stories for Week of September 16-20

Industry News

Beasley Broadcast Group’s Reverse Stock Split: What Shareholders Need to Know

Industry News

Radio Hosts Invited to Appear in Forthcoming Gunhill Road Music Video Celebrating Talk Radio

Gunhill Road Needs You!

Gunhill Road, the perennial pop music ensemble that has attracted hundreds of thousands of worldwide followers with its growing repertoire of issue-oriented songs and music videos, is currently in production with an anthem celebrating talk radio. Titled “Don’t Stop Talkin’” – the song is an uplifting and infectiously catchy tune about the vital role talk radio plays in serving the cause of American freedom of speech.  With lines that include “As long as you’ve got a voice, don’t ever stop!” and “As long as you’ve got the truth, don’t ever stop!” the original composition co-written by band members Steve Goldrich, Paul Reisch, Brian Koonan, and Michael Harrison encourages talk radio practitioners to keep up the good work and great service they provide the nation.Gunhill Road Logo The images accompanying the music will be a dynamic montage of individual radio talk hosts in the process of doing their shows.  The group invites talk show hosts from around the country – local and syndicated – to contribute video clips of themselves in action on the mic. The clips need not be longer than one minute and show the face of the host on air in the studio (even if it is a home studio) and, if possible, show the station or program logo in the frame.  Obviously, the group cannot guarantee inclusion in the final product, but every effort will be made to do so. Gunhill Road video producer (and TALKERS VP/associate publisher) Matthew B. Harrison states, “The members of Gunhill Road are so grateful for the attention and airplay they have received over the past five years from talk radio that they want to give something special back to the industry and its medium.”  Interested hosts should send their video clips to info@talkers.com along with permission to use them in the video.  The deadline for clips to be considered is October 11, 2024.  For more information about Gunhill Road please visit www.GunhillRoadMusic.com.

Industry News

Audacy’s KNX News 97.1 FM and the Los Angeles Times to Co-present a Live Debate in Race for L.A. County D.A

LA DA DebateAs millions of voters across Los Angeles County decide how to cast their ballots in the pivotal race for district attorney, Audacy’s KNX News 97.1 FM and the Los Angeles Times are joining forces to present a live debate between incumbent George Gascón and challenger Nathan Hochman on October 8 at 5:00 pm PT.  Sources at Audacy Los Angeles tell TALKERS, “With criminal justice top of mind for voters across Southern California, the KNX News/L.A. Times debate will dig into the key issues impacting safety, equity, and quality of life for the residents of America’s most populous county ahead of the November 5 election. The one-hour, commercial-free debate will air on KNX News (97.1 FM & 1070 AM) with live video available on the digital and social platforms of KNX News and the Los Angeles Times. KNX News anchor Mike Simpson and chief correspondent Charles Feldman will moderate the debate. Panelists will include L.A. Times reporters James Queally and Brittny Mejia and KNX News reporter Emily Valdez. Media interested in attending should contact Alex Silverman at alex.silverman@audacy.com for details and logistics.

Job Opportunity

Great Full Time News Opportunity at WBT

WBT

Industry News

Monday Memo: Are You Boring?

By Holland Cooke
Consultant

im

Lately, life is anything-BUT. Examples: the 2024 presidential race, extreme weather, the consumer economy, recurring gun violence. We’re all wondering, “What NEXT???”

So being-known-for-knowing will earn your station more occasions of tune-in. “Stay close to the news.” And exploit your network by offering, for example, “a quick FOX News update, every half-hour.”

Admittedly, what your network is reporting is also available on smartphones, smartwatches, and smart speakers. But your station may also be, as my clients tout, “Your Only Local News Radio.”

Simply doing local news is a start… BUT… I wish there was a more diplomatic way to say this: Are your newscasts boring?

im

Too often, local news copy doesn’t enable the listener by telling what a news item means to him or her. I heard a local news voice seeming to read a press release, announcing that: “The [name of] County government’s new website has gone live. The revamped site [URL] was unveiled at this week’s [name of] County commissioners meeting. The board’s chairman said the revamped site has a much more professional appearance, and offers quick, user-friendly navigation. The county’s IT director added that the feedback she’s received so far from county employees and residents has been positive.”

Zzz…

Don’t just recite process. Explain consequence. To Larry & Lisa Listener, typically self-congratulatory source material like that copy is irrelevant blah-blah-blah.

Bothering to actually explore the website, I found how it enables listeners to get help with: “potholes, damaged curb, traffic signals, weeds, dogs barking, abandoned vehicles, chemical discharge, water leaking, litter, road striping, ADA compliance, blocked drainage channel, street lights, damaged sidewalk, traffic/road signs, overhanging trees/shrubs, noise nuisance, hazardous parking, storm sewer leaking/blockage, water leaking on roadway, loose/protruding manhole cover, discrimination complaint, Fair Housing complaint.”

Unwrap the package.

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

Charlotte’s WBT AM/FM, Radio One, and The Carolina Journal partner to present “The Carolina Journal News Hour on WBT”

Industry News

Top News/Talk Media Stories for Week of September 9-13

Industry News

BOSTON GLOBE: FCC Cracking Down on Unlicensed Radio Stations in Mass – the Majority Cater to Haitians

Industry News

Bill O’ Reilly is This Week’s Guest on Harrison Video Podcast

Click Heree
Is the new communications technology a threat to free speech and privacy?  Has the presidency become too much of a media and cultural focal point in our society?  How important is character versus competency in judging public officials?  What impact is AI having on academic honesty?  Is YouTube creating a sea change in the national media landscape?  These questions and more are tackled in a fascinating interview conducted by TALKERS publisher Michael Harrison with radio, TV, and online talk icon, Bill O’ Reilly on this week’s installment of “Up Close Far Out” presented by the new TALKERS Media YouTube channel.  In addition to being a major cable news/talk TV pioneer and a successful cross-platform talk media commentator still going and growing in the digital era, O’ Reilly is the author of 18 consecutive #1 New York Times best sellers.  Harrison and O’ Reilly discuss his new release, Confronting the Presidents: No Spin Assessments from Washington to Biden among an array of topics.  Don’t miss this!  To view the program in its entirety, please click here.

Industry News

Talk Media Had a Dynamic Night – FOX and Other Networks Propose Additional Debate in October

Debate Illustration generative AIAcross the nation, talk media hosts from radio, television, cable, podcasting, and YouTube channels were literally working overtime immediately before, during, and after the historic ABC News presidential debate between former President Donald Trump and Vice President Kamala Harris in Philadelphia.  TALKERS received reports from across the talk industry that, unlike so many events of this nature that prove disappointing, this debate delivered an edge-of-the-seat, non-stop drama that evoked comparisons to an emotional sporting event like a 12 round heavyweight championship bout during the golden age of boxing. Legendary WPHT, Philadelphia midday host Dom Giordano was in attendance reporting for his station as well as hundreds of others across America that tapped into his swing state perspective on an ad hoc basis.  Dom GiordanoGiordano tells TALKERS,  “Being in the Spin Room was like being in the middle of multiple simultaneous rugby scrums while trying to discuss the most sensitive issues for our country.”  During post-debate coverage, lead election anchors Bret Baier and Martha MacCallum announced that FOX News Media sent letters to both the Harris and Trump campaigns around 7:30 pm before last night’s debate requesting the opportunity to host an additional debate in October. Here’s an excerpt from the letter:

We propose to host a debate in October while early in-person voting gets underway in multiple battleground states. We’d like to offer the following options:

  • Wednesday, October 9 in Arizona
  • Tuesday, October 15 in Georgia
  • Wednesday, October 16 in North Carolina

 Media critic Brian Stelter of CNN reports, “Multiple TV networks are eager to host a presidential debate in October. The Harris campaign, exuding confidence after Harris baited Trump on stage Tuesday night, immediately said she would agree to a second debate with the ex-president. But Trump is not committing, and his overnight comments suggest he is not serious about a sequel.”  On Fox & Friends this morning Trump rejected Bret Baier and Martha MacCallum, the aforementioned anchors that FOX suggested as potential debate moderators in October proposing Sean Hannity, Jesse Watters or Laura Ingraham instead.

The next big event in this World Series of politics will be the VP debate between Gov. Tim Walz and Sen. JD Vance to be hosted by CBS on October 1.

 

Industry News

Mentoring and Inspiring Women in Radio Announces Free Virtual Digital Sales Webinar

Digital Sales Webinar
Mentoring and Inspiring Women in Radio, Inc. (MIW), a 501(c)(3) non-profit organization committed to advancing female leadership in radio broadcasting, in conjunction with Beasley Media Group, has announced an upcoming Digital Sales Webinar. This productive and valuable event will feature three of the industry’s most respected leaders and innovators in the digital space: Tina Murley, chief revenue officer of Beasley Media Group; Jenny Sutton, SVP of digital media sales and operations for Audacy; and Shannon Knoepke, market president of Townsquare Media, Minnesota. The webinar is scheduled for Thursday, September 19th at 4:00 pm ET. Topics will include:

• The growing importance of Digital Audio, with a focus on streaming and podcasting.

• Leveraging Social Media as a powerful tool for audience engagement and revenue generation.

• Maximizing the potential of Local Digital initiatives.

• Best practices for Impression-Based Selling, including pricing strategies and performance metrics.

• The role of Third-Party Partnerships in driving success.

• Strategies for enhancing Advertiser ROI through innovative digital approaches.

• The synergistic value of combining Over-the-Air (OTA) and Digital platforms to boost client returns.

“This webinar is a unique opportunity to learn from the top minds in digital sales and gain insights that can help navigate the complexities of today’s media landscape,” said Ruth Presslaff, MIW board president. “We encourage everyone to join us for what promises to be a compelling and educational event, beautifully arranged by Sheila Kirby and generously sponsored by Beasley Media Group.”  Beasley Media Group CEO Caroline Beasley adds, “We are thrilled to support this important MIW webinar that underscores the vital role digital plays in our business today.”

Register for the webinar here. To learn more about Mentoring and Inspiring Women in Radio, Inc., visit radiomiw.com.

 

 

Industry News

Talk Media Gears Up for Tonight’s Big Debate

Proclaiming it “the most important presidential debate in history,” talk media stations and networks across the nation are gearing up with special programs and live coverage to precede, accompany and follow the ABC Network debate between former President Donald Trump and Vice President Kamala Harris in Philadelphia tonight at 9:00 pm ET.  Several outlets have requested and received special permission from ABC to simulcast the debate itself.  These include CNN (which will be running special shows beginning at 4:00 pm ET as if it were a Super Bowl); Salem Radio Network, which will also run a pre-debate special between 7:00 pm and 9:00 pm ET featuring its top personalities, Dr. Sebastian Gorka, Dennis Prager, Mike Gallagher, and Tony Perkins; and local stations such as WGMD, Rehoboth Beach, DE (“The Talk Of Delmarva”) on 92.7 FM and 98.5 FM, Talk of DelMarVaas well as streaming on the WGMD app, and TalkOfDelmarva.com. That will be accompanied by a real-time, interactive blogging event at RealNewsTalk.com.  FOX News Media will present live coverage surrounding the debate with special programming available across all of FOX News Media’s key platforms, including FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Audio and FOX Nation. Cumulus media/Westwood One host Dan Bongino will host a special live edition of his podcast on Rumble preceding and during the debate beginning at 8:00 pm ET.