Industry News

Swagler Joins Baltimore Pubcaster

News radio pro Craig Swagler, who recently left his vice president and general manager position with CBS News Radio, is joining Your Public Radio’s WYPR and WTMD in Baltimore as president and general manager. Your Public Radio board chair Lisa Manzoneim says, “We are thrilled to welcome Craig Swagler as the new general manager and president of Your Public Radio. His extensive experience in the broadcast industry, coupled with his innovative mindset and community-building approach, will be invaluable as we continue to provide exceptional programming and expand our reach. We are confident that Craig’s leadership will lead Your Public Radio to even greater heights.” Swagler states, “I am thrilled to be joining the outstanding team of content creators, storytellers, and journalists at Your Public Radio. It is an honor to serve Baltimore by amplifying issues, stories, and events of the community’s rich cultural heritage.”

Industry News

New Radio Feature “The Good News with Dr. Benjamin Chavis” Debuts

The U.S. Black Chambers, Inc announces the launch of “THE GOOD NEWS with Dr. Benjamin F. Chavis, Jr” This 60-second daily radio commentary is the first offering from the new USBC Radio Network. It is being distributed in collaboration with KMG Networks, aim division of Krantz Media Group and the U.S. Black Chambers, Inc. A press release states, “‘THE GOOD NEWS’ will ignite a transformative spark, propelling the U.S. Black Chambers, Inc into an unprecedented realm of influence. The highly anticipated USBC Radio Network, launching in August, will seamlessly integrate into the comprehensive USBC Media Network. This united effort, in partnership with KMG Networks-will empower and extend our collective reach, ushering in a future filled with boundless possibilities for all.”

Industry Views

Pending Business: Shorter and Faster is Better

By Steve Lapa
Lapcom Communications Corp
President

Looks like Major League Baseball is about to show the radio business how to score the winning run. Major League Baseball decided it was time to reverse the aging fan base, declining gameday gates, and shorten three-plus-hours of in-game boredom.

Despite the downhome storytellers doing play-by-play on radio and innovations of TV coverage, the game was getting tedious, and it was time for Major League Baseball to change or slowly but surely face the fate of the dinosaur.

Sound familiar? Yes, there are some baseball innovations that entertained people like the infamous mascots of yesteryear, but MLB is about the hallowed Hall of Fame heritage of pinstripes, red socks, and Dodger blue. Change means risk and in baseball swinging for the fences is a 1 in 18 shot.

Getting a little too close for comfort? Fans and sponsors needed a new spark to ignite baseball fever, so MLB responded with a pitch clock to speed up the game and bigger bases to bring back one of the most exciting plays in sports. Guess what? Games are being played faster, gameday attendance is up 8%, TV viewership is up 14% and according to the Insider, social media views are up 67% as under-35 demographics are up 14%. Let us start connecting the dots to our business.

— News/talk radio relies on a 55+ audience. Nothing wrong with the “money demo.” But talk radio needs to look ahead to what happens AFTER the election cycle.

— Most daily talk shows are three hours long. So were most MLB games… until this year. Shorter became better as attendance and viewership shot up. Wake up radio programmers, hosts, managers! Do we have the courage and budget to program and sell shorter, faster moving programs? Radio is so stuck in an outdated model; the low growth is about to make another appearance in bankruptcy court.

— Fans got excited and social media exploded. Last time I checked, Savannah, Georgia was Nielsen radio market #145. No news/talk radio station in the top 100 U.S. radio markets has as many Facebook followers as the Savannah Bananas baseball team.

— Fans and sponsors needed a new spark. What has your radio station offered lately that is new, exciting and lights the fuse for sponsors and listeners?

Recently, a 21-year-old baseball star stole two bases then decided to steal home and the fans went crazy. Through the years we have seen the play. But every time it happens the fans in the stands are on their feet, cheering, high fiving, and re-living every detail of the excitement. Baseball is back, bigger and better than ever. All of us can learn from today’s changes in America’s Pastime.

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 News

Thursday is Giving Day for Broadcasters Foundation

This Thursday (7/20) is the Broadcasters Foundation of America Giving Day – “a day for everyone in radio and television to come together as one community to support colleagues, across every position, in need of financial assistance due to critical illness, accident, or disaster.”  The BFoA says the campaign also strives to raise awareness of the Broadcasters Foundation to ensure that anyone in radio and television who mightim qualify for aid knows about its charitable mission and can apply. BFoA president Tim McCarthy adds, “Giving Day is an opportunity for everyone in radio and television to help our colleagues. As broadcasters, we are storytellers. Whether behind the scenes in marketing, sales, or administration, part of the production team, or on-air talent, everyone in the radio and television broadcasting profession has a common goal: to share vital stories with their communities. But who is there to help these essential community members when a natural disaster strikes, or an illness disrupts a family’s financial security and safety? The Broadcasters Foundation of America’s unique mission is to support our professional community during these hard times, when our colleagues are unable to work and struggling to pay basic living expenses.” Visit the BFoA’s donation page for more information.

Industry News

Texas Longhorns Segue To iHM Austin Combo

Texas LonghornsAs TALKERS noted yesterday (Thursday, 7/13), Genuine Austin Radio’s KTXX “104.9 The Horn” will be dropping its sports talk format in just over two weeks (8/1). For the past seven years, “The Horn” was the home of University of Texas football, men’s basketball and baseball broadcasts; however, that will change owing to the upcoming format flip. Taking over as new flagships for the Texas Longhorns are iHeartMedia Austin sports talk KVET-AM “AM 1300 The Zone Austin’s Sports Talk” and its country cluster-mate, KVET-FM. The two outlets will simulcast football and men’s basketball. ZoneAccording to iHeartMedia sports president Kevin Legrett, “The Texas Longhorns is one of the leading college sports brands in the country. Longhorn Nation continues to be recognized for their pride and dedication to their home team. We are excited to be the broadcast home to these passionate sports fans, providing great programming and play-by-play coverage not only in Austin, but everywhere via iHeartRadio.” University of Texas vice president/director of athletics Chris Del Conte comments, “The move of our network’s flagship radio station to KVET is a huge win for our fans in Austin and central Texas. The powerful signals of ‘AM 1300 The Zone’ and [KVET-FM] will give our Longhorn faithful access to crystal-clear radio game broadcasts from the northern tips of Williamson County down to the southern regions of Caldwell and Hays counties and out east to our friends in Bastrop and west into the beautiful Hill Country. No matter where you are in that footprint, you’ll get your Horns loud and clear from kickoff, tipoff or first pitch. Then you add the cherry on top to this deal with our network’s partnership with the mighty brand of iHeartMedia, and we’ve hit a home run in every way.” This will be Craig Way’s 23rd year as play-by-play voice of the Longhorns. The deal was negotiated by rightsholder Learfield’s Longhorn Sports Properties.

Job Opportunity

Cumulus Media Eugene Seeks PD For Talk Brands

Cumulus Media Logo

Cumulus Media Eugene (Oregon) is looking for an experienced program director for two iconic brands — news/talk KUGN-AM/FM (home of the Pac 12 Oregon Ducks) and sports talk KUJZ-FM. The program director will be responsible for growing and operating these brands and must have a strong background and passion for sports 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/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

Podtrac Releases June’s Top Podcasts, Podcast Publishers

PODTRAC LogoAccording to Podtrac’s latest stats, the average U.S. “Unique Monthly Audience” for the Top 20 publishers dipped 3% month-to-month, but improved by that same percentage compared to June 2022. “Total Global Downloads” for the Top 20 publishers remained steady month-to-month; however, it declined 3% versus this time last year. The combined audience for the Top Sales Networks was up 5% month-to-month. The top ten podcasts by US Unique Monthly Audience (June 2023) are: “The Daily” (New York Times); “Dateline NBC” (NBC News); “Morbid” (Wondery); “Up First” (NPR); “NPR News Now” (NPR); “SmartLess” (Wonderly); “The Ben Shapiro Show” (Daily Wire); “Stuff You Should Know” (iHeartPodcasts); “Pardon My Take” (Barstool Sports); and “The Dan Bongino Show” (Dan Borgino). With a US “Unique Monthly Audience” of 31,625,000 (and 833 active shows), iHeartPodcasts is the top podcast publisher. It is followed by Wondery; NPR; NBC News; New York Times; Daily Wire; The Walt Disney Company; Barstool Sports; Vox Media; and PRX.

Industry News

Compass Media Networks To Handle ABC Audio Ad Sales

Compass Logo Effective immediately for inventory beginning next January, Compass Media Networks will be ABC Audio’s exclusive advertising representative. ABC Audio vice president Liz Alesse declares, “We are thrilled to usher in a new phase of growth for ABC Audio with the announcement of our strategic partnership with Compass Media Networks. “ABC News Radio remains steadfast in its mission to provide our news affiliates incisive, up-to-the-minute headlines; we’re equally committed to creating top-tier entertainment content. By maintaining our high standards in these areas, we do more than just serve our stations – we also create exceptional opportunities for our advertisers.” Compass Media Networks chief executive officer Peter Kosann remarks that, “Christmas has come early for us and our national sponsors. ABC Audio represents some of the most iconic brands and media assets in the world. We will move mountains to be a wonderful ambassador and advocate for our new partner.” As TALKERSnoted last Wednesday (7/5), ABC Audio and Skyview Networks agreed to end their similar arrangement. A Skyview statement read, “ABC Audio and Skyview Networks are committed to working together to ensure a smooth transition. 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

Sports Betting Network, VoiceAmerica Sign Content Distribution Deal

VoiceAmerica is making The Sports Betting Network’s content the foundation of its new gaming channel. VoiceAmerica vice president of programming Alex Schild notes, “We pursued VSiN’s content because it’s the gold standard in the sports betting industry. As sports betting continues to expand across the country, the demand for this content will continue to grow, and we wanted to align our brand with the best in the category. VSiN content aligns with our current offerings, and we believe it will be a hit with our listeners.” VSiN (The Sports Betting Network) founder/chief executive officer Brian Musburger comments, “We’re thrilled to work with VoiceAmerica to bring VSiN’s brand of sports wagering content to even more of the nation’s growing number of fans who bet on sports. This relationship will further expand VSiN’s audio reach, building on our position as the largest sports betting network in the U.S.”  VoiceAmerica Sports & Gaming Channel powered by VSiN is live now, making VSiN’s sports betting content available to more than 30 million listeners of VoiceAmerica’s programing.

Industry Views

Ransomware is Everyone’s Problem

By Steven J.J. Weisman, Esq.
Bentley University, Boston
Professor of Law
Scamicide.com, Founder
TALKERS, Legal Editor

The recent ransomware attack against radio group and media company Townsquare Media may have come as a surprise to some people.  It shouldn’t have.  Ransomware is a huge problem and media companies are increasingly becoming targeted by cybercriminals.

As you undoubtedly know, ransomware is a type of malware that once installed on your company’s computers locks and encrypts your files.  The cybercriminals who use ransomware to attack your company then threaten to destroy your files unless you pay a ransom, generally in cryptocurrencies.  More recently the threat of ransomware has evolved where the cybercriminals also threaten to make public embarrassing information gathered in the hacking of your computers.

Just how big a problem is ransomware?  Worldwide 37,700 ransomware attacks occur every hour.   Part of the reason for there being so many ransomware attacks is that they are perpetrated not only by sophisticated cybercriminals who develop the new strains of ransomware, but also by far less sophisticated criminals who go to the Dark Web, that portion of the internet where criminals buy and sell goods and services, and lease the latest versions of ransomware along with bots to serve as delivery systems for the ransomware.    According to cybersecurity firm Emsisoft, in 2021, the financial impact of ransomware attacks in the United States was 623.7 million dollars.  Also, don’t think if your company is a small to medium sized business that it won’t be targeted by ransomware attacks.  Due to the easy availability of the sophisticated malware and delivery systems required for a ransomware attack, small and medium sized businesses are frequent targets of ransomware attacks.

Media companies are a common target for ransomware attacks with devastating consequences.  In 2017, San Francisco NPR station KQED was hit with a damaging ransomware attack. In 2019, Entercom suffered a major ransomware attack.  In 2021, Cox Media, which owns 57 radio and television stations, fell victim to a ransomware attack.   Also in 2021, Sinclair Broadcast Group, which owns 185 television stations throughout the country suffered a ransomware attack which cost the company 63 million dollars in lost advertising revenue and 11 million dollars in expenses related to remedying the attack.  And these are just a few of the many ransomware attacks against media companies big and small.

To read more and learn what you can do, click here.

Industry News

CBS News Radio, Portnoy Parting Ways

CBS News Radio Logo

Following an eight-and-a half-year run with CBS News Radio, White House correspondent Steven Portnoy is exiting CBS News “for a new opportunity.” He becomes the third CBS News Radio correspondent to depart in less than three months, as Steve Dorsey and Steve Futterman left at the end of April. We noted here yesterday (TALKERS, Monday, 7/10) that CBS News Radio vice president/general manager Craig Swagler is set to leave the company this Friday (7/14). In a memo, CBS News Washington bureau chief Mark Lima and ParamountPodcasting& Audio head Steve Raizes informed staff of Portnoy’s exit writing, “We wish Steve all the best in his future endeavors. We are fortunate to have more than a dozen Washington-based reporters who contribute to CBS News Radio and know that we are in good hands in continuing to bring impactful journalism to our audience now and in the future.” CBS News Washington-based political reporters who will continue to contribute for CBS News Radio include: Robert Costa; Scott McFarlane; Nikole Killion; Weija Jiang; Ed O’Keefe; Nancy Cordes; and, Portnoy joined CBS News Radio in February 2015 as a White House correspondent. In addition to his day-to-day CBS News Radio duties, he was president of the White House Correspondents Association (2021 – 2022).

Industry News

Sanchez Selected As Nashville Public Radio COO

Robert SanchezNashville Public Radio, which includes WPLN “News 90.3” (and triple A WNXP), appoints Robert Sanchez as its chief operating officer. Nashville Public Radio president/chief executive officer Steve Swenson comments, “Rob brings a wealth of experience and expertise to help us as we continue our rapid growth to expand our public service to Nashville and Middle Tennessee. His extensive background in both news and music programming is unique in our industry.” Sanchez notes, “I’m grateful to Steve Swenson and the board of directors for entrusting me to help lead the many digital and audio services Nashville Public Radio offers. I’m invigorated to join an organization that functions at such a high level of public service and community engagement.” For the past five years, Sanchez was vice president of news for iHeartMedia Boston news -news/talk hybrid WBZ-AM and iHM’s northeast regional news director. He previously was director/news and programming for Washington, DC’s WNEW-FM “All News 99.1”; assistant news director of New York all-news WCBS-AM; and programming/operations manager for Los Angeles’ KBLA “1580 Talk Radio.” Among persons 6+ in Nielsen Audio’s May 2023 survey period, WPLN ranks #14 and is trending 2.8 – 2.9 – 3.3 (March – April – May, 6+).

Industry News

“The Girlfriends”’ Podcast Debuts

The Girlsfriends PodcastThe first episode of the weekly true crime podcast “The Girlfriends” aired yesterday (Monday, 7/10). It’s a collaboration among iHeartPodcasts; Novel; and NO MORE, a global nonprofit dedicated to ending domestic and sexual violence. NO MORE chief executive officer Pamela Zaballa states, “We are proud to partner with iHeartPodcasts and Novel to raise awareness of domestic violence and help survivors find the support they need. At NO MORE, we strongly believe that media and entertainment can play an important role in changing the culture that has allowed the epidemic of domestic violence to persist. We’re grateful to iHeartPodcasts and Novel for using this powerful story to help fuel real and lasting change.” Distributed by iHeartPodcasts, “The Girlfriends” tells the true story of a group of women who formed a club to put a murderous ex-boyfriend behind bars. The podcast illuminates ways women unite to protect each other when systems of justice fail them.

Industry News

IBF Notes Its Fourth Anniversary

Independent Broadcasters Association LogoCoinciding with the Independent Broadcasters Foundation’s fourth anniversary are new enhancements (including a redesigned website which unveils today) and policies. To more effectively focus on members’ needs, the IBA implements a cap of 300 company members, with no limit on number of stations under a company. According to IBA president/executive director Ron Stone, “These improvements allow the IBA to grow into the best possible organization representing independent radio stations. Future members will have market exclusivity to IBA membership. All current members that share a market will be grandfathered in and are not affected by this change. A group is considered one company. Once we reach the 300-mark, membership will be closed. New members will only be received if the number of member companies drops below 300.” National cash contests will now include text-to-win capability and Stone states, “Participating member stations have experienced as much as 30X ROI from [those contests].” Only IBA member stations can participate in the September National Cash Contest; the deadline for stations and groups to register is in less than three weeks (7/31). An IBA member may be a single station or a group of stations, as long as the company is not traded on a public market.

Industry News

JAM, Lemonada Cook Up Ad Sales & Distribution Deal

Owing to a partnership between podcast network Lemonada Media and celebrity chef/humanitarian José Andrés’ JAM Media, the former will manage ad sales and distribution for JAM’s audio content; Andrés’ “Longer Tables” and “Pressure Cooker” will now be part of Lemonada Media’s line-up. Lemonada Media chief executive Lemonada Logoofficer Jessica Cordova Kramer opines that, “When you think of making life suck less, you think [of] chef José Andrés. He and the JAM team work tirelessly to make the world a better place; we are so grateful to get to be a small part of their work by serving as partners to JAM for these two shows.” José Andrés Group president Sam Bakhshandehpour proclaims that, “Working with Lemonada Media is an exciting new chapter in the evolution of José Andrés Media. Joining their dynamic network will allow ‘Longer Tables’ and ‘Pressure Cooker’ to reach new audiences, sharing powerful stories that explore the many ways that food connects us all.” Introduced last year, Andrés’ “Longer Tables” engages with eminent figures across various fields. Previous guests have included Anderson Cooper; Secretary of State Antony Blinken; actress Eva Longoria; primatologist Jane Goodall; and French chef Eric Ripert. Meanwhile, “Pressure Cooker” is hosted by food journalists Jane Black and Elizabeth Dunn. It explains challenges of feeding families in our age of anxiety. Lemonada Media’s roster includes “Wiser Than Me with Julia Louis-Dreyfus”; “Choice Words with Samantha Bee”; “Funny Cuz It’s True with Elyse Myers”; and Gracie award-winner “Last Day.”

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

Kim Komando to Debut Extra Friday Stand-alone Hour in Chicago

Host/tech expert/serial entrepreneur, Kim Komando announces a stand-alone Friday evening hour of content, which will debut on Cumulus Media Chicago news/talk WLS-AM. The 7:00 pm hour CT will have new material not included in Komando’s weekend version. WLS-AM program director Stephanie Tichenor opines, “Kim’s savvy consumer tech knowledge has been transforming lives in the Chicagoland area for years, offering a unique understanding of our technological journey and what lies ahead.” Talent management firm Sound Mind founder/president Kraig T. Kitchin comments that Komando is “not only entertaining and helpful, but also consistently delivers exceptional radio that captivates audiences. Kim continues to set the bar high.” Komando’s content airs on over 475 stations nationwide.

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

iHeartPodcasts to Launch “The Whistleblowers: Inside The Trump Administration”

iHeartMedia announces that its iHeartPodcasts platform is dropping a new podcast series on July 13 titled, “The Whistleblowers: Inside The Trump Administration,” hosted by Miles Taylor. iHeartMedia says, “The Trump Administration was in large part defined by the chaos surrounding it – especially internally. The volatile rotationim of staff often meant instability and near-daily internal leaks to the press. Now, the new iHeartPodcast ‘The Whistleblowers: Inside The Trump Administration,’ co-produced with Best Case and Ark Media, will dive headfirst into the chaos to bring listeners the inside story of the people behind some of the most explosive government revelations in American history.” Taylor is a bestselling author and the former chief of staff of the U.S. Department of Homeland Security. He first wrote anonymously, but later revealed himself as the author after publishing the #1 bestseller A Warning in 2019. Each episode focuses on a different “whistleblower” including Reality Winner, Andrew McCabe, Alexander Vindman, Olivia Troye, Dawn Wooten, Grant Turner, and Stephanie Grisham.

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

Broadcasters Foundation to Hold Media Mixer This Month

The Broadcasters Foundation of America launches a series of networking Media Mixers, with the first one scheduled for July 20 at the New York City studios of iHeartMedia. The event will be hosted by nationally syndicated radio air personality Angela Yee, who will be joined by other radio and TV on-air talent. BFoA says, “The purpose of the Media Mixers is twofold: to give up-and-coming professionals in broadcasting anim opportunity to mix and mingle not only with their peers, but with talent, managers, and executives; and to increase their awareness of the Broadcasters Foundation charitable mission.” BFoA president Tim McCarthy adds, “We’re very excited about this new initiative. It’s imperative that we reach the next generation of broadcast industry leaders with our message of help and hope, while giving them an opportunity to network with higher level professionals who they may not otherwise have an opportunity to meet.” The two-hour event is free, but space is limited, and advance registration is required. Register here.

Industry Views

Pending Business: You’re Halfway Home

By Steve Lapa
Lapcom Communications Corp
President

imCongratulations! You’ve made to the halfway point this year.

Stand by to prepare for the second half of the year like you never have before. This upcoming second half could be so confusing even WAZE may not get you home.

The economy is sending so many mixed signals it is almost impossible to distinguish flashing warning signs from healthy growth curves. From home sales to new car sales, prices are holding as mortgage rates are at a 15-year high and new car prices redefine sticker shock.

Hiring in many categories was robust over the last few months, signaling a better economy ahead. Here comes the tricky part. For most in the news/talk sales world, the next quarter isn’t exactly on fire and as usual precious few sellers and managers are working on Q4 as they wrestle with the headwinds they now face.

Sorry to report there is no fast fix or instant solution. But let’s at least try to review some basic game planning:

— Are you still spraying and praying, or have you zeroed in on growth targets? Every survey says, “revenge travel” and dining out are big factors in local economies this year. What’s on your target list?

— Open your eyes. What’s hot and what’s not? Here in Florida, there are two Peloton stores in two major malls as well as a full display in our local Dick’s Sporting goods. All three venues are forever uncrowded – as in empty. Yet have you checked out the price of bicycles, golf clubs, or leisure wear? The consumer is spending, but not where you may think.

— Back to the basics. Medical, dental and general wellness should always be on your radar as most of us are ready to invest in health and happiness. Does the category profile show on your target list?

— Unpredictable economies require smarter financial and legal plans. Are your listeners ready for a financial check-up? Laws change and staying current with tax and estate laws is always a challenge. The news/talk audience always over-indexes on financial qualitative.

— How is your competitive periscope? Are you aware of any new media competition that may be carving into budgets? Have you come to terms with the growth in local digital marketing or is your head still in the sand?

The second half of this year is up to you. Make it or break it, it’s your call.

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.