Industry News

TALKERS News Notes

Columnist Patt Morrison writes an interesting piece in the Los Angeles Times about radio call letters. Morrison writes, “This call letter business got codified in 1912, at a ‘radiotelegraph’ conference in London not long after RMS Titanic sank, so the power of wireless communication was very much on delegates’ minds.” This piece also includes images of vintage postcards showing historic radio broadcast studios. See the piece here.

WABC, New York is sending a news team and video crew to the Democratic National Convention in Chicago. WABC owner John Catsimatidis says, “The public deserves to be informed on what both sides are saying and doing. We are committed to reporting the truth, so that listeners can make knowledgeable decisions. We were at the Republican National Convention last month, and we will be at the Democratic National Convention, as well.”

Industry News

Radio HoF Induction Event to Be Held in Nashville

The Museum of Broadcast Communications will host the 2024 Radio Hall of Fame Induction Ceremony atim the Omni Nashville on Thursday, September 19. The Radio Hall of Fame will recognize its 2024 class of inductees at the gala event to be held in Music City for the first time ever. A portion of ticket purchases for the event is a tax-deductible charitable donation to the Museum of Broadcast Communications. Find out more here.

Industry News

BFoA Teams with VHI for Voice Care Info

The Broadcasters Foundation of America is teaming up with Dr. Steven M. Zeitels from the patient nonprofit Voice Health Institute (VHI) to offer broadcast industry professionals information about laryngeal and voice care. VHI is a 501(C)3 charity, focused on helping individuals with laryngeal voice and airway care across the country. Dr. Zeitels is the professor of Laryngeal Surgery at Harvard Medical School and theim Director of Massachusetts General Hospital Center for Laryngeal Surgery and Voice Rehabilitation (MGH Voice Center). Dr. Zeitels says, “The Broadcasters Foundation has done amazing work over many years. I am impressed with their transparency and their commitment to providing aid to broadcast industry individuals in dire need. I am pleased that VHI will partner with the Foundation to help educate broadcasters throughout the US about voice problems they may be experiencing.” Through the efforts of Dr. Zeitels, Julie Andrews (the iconic actress who lost her singing voice) joined VHI at its incorporation as its Honorary Chairwoman. Dr. Zeitels is her current physician and surgeon. Since then, legendary vocalists Steven Tyler of Aerosmith, Roger Daltrey of The Who, Lionel Richie, and Keith Urban as well as broadcasters such as Joe Buck and Dick Vitale have provided invaluable support to the VHI to forward its mission.

Industry News

Audacy Releases “The Power of Sports” Fandom Study

The study, conducted in partnership with Vision Insights, tells the story of sports fans’ loyalty to content and broadcast brands and that resulting impact that radio delivers for brands and advertisers, especially thoseim that partner with Audacy’s own sports talk stations. Some of the key takeaways from this study include: 1) Sports fans are 4x more likely to trust brands that support their teams; 2) Listeners are 4x more likely to catch a brand’s message on sports radio than on TV; 3) 73% of fans spend more time following their favorite teams on sports audio than sports-related digital media; and 4) Brands that advertise on Audacy sports stations enjoy a 40% lift in usage.  See more about the study here.

Industry News

Beasley Names Lamar Smith Director of Corporate Engineering

Beasley Media Group announces that Lamar Smith is promoted to director of corporate engineering for the company. Smith has been with the company since 2011 and most recently served as vice president ofim engineering. In his new role, he will be responsible for overseeing all engineering activities across Beasley’s 57 radio properties throughout the United States. Beasley CEO Caroline Beasley comments, “Lamar’s commitment, dedication and experience are exactly what we need as the organization continues to evolve and innovate into the future.” Smith, who will remain based in Charlotte, says, “Many thanks to Caroline and the Beasley family for this incredible opportunity. I look forward to being able to lead the engineering division as the company continues to evolve for years to come.”

Industry News

Audacy Q2 Net Revenue Rises 1%

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”

Industry News

Beasley Second Quarter Net Revenue Falls 4.8%

Net revenue for the second quarter of 2024 was $60.4 million, a decline of 4.8% from the same period in 2023. Beasley Broadcast Group’s net loss shrank from $10.4 million in Q2 of 2023 to $276,000 in the second quarter of 2024. Beasley CEO Caroline Beasley states, “Beasley’s second quarter results highlight the ongoing progress we are making to position the company for sustainable, profitable growth. The continuedim success of our digital transformation strategy led to a 10.4% year-over-year increase in same-station second quarter digital revenue, partially offsetting ongoing challenges related to softness in the audio advertising spot market. Digital revenue accounted for nearly 22% of total second quarter revenue, in-line with our full-year 2024 goal of 20% to 25% of total revenue. On the new business front, our dedicated sales teams are leveraging the audience reach and engagement of our platform to attract new advertisers. We have and will continue to see the benefit of political revenue through the end of year, and at the same time, we are taking aggressive action to address near-term challenges through expense management initiatives, which drove approximately $2 million in expense savings compared to the prior year. We expect to achieve $10 million in annualized expense savings.”

Industry News

Sports Gives Way to Religion on XEPRS, Tijuana

According to a report in the Times of San Diego, “The Mightier 1090 ESPN” format has been replaced by Spanish-language Catholic programming on the venerable XEPRS, Tijuana, Mexico. After previous sports format operator Broadcasting Corporation of the Americas lost its lease on the station owned byim Interamercana de Radio SA de CV, Flagstaff, Arizona-based ad agency owner Bill Hagen leased the signal and launched a new sports format as “The Mightier 1090 ESPN” built around San Diego sports talk personalities including Scott Kaplan. Hagen tells the Times he’s not disappointed and says considering the launch of the station during the beginning of the pandemic in 2020 was definitely a challenge. He says, “We accomplished something that had never been done before and during a very challenging time in the economy and broadcasting.” Read the Times story here.

Industry News

Newsmax Wins One in Smartmatic Case

The Special Master appointed by the Delaware Superior Court has ruled against voting systems purveyor Smartmatic which was seeking sanctions against Newsmax alleging that CEO Christopher Ruddy and other staffers destroyed evidence. The Special Master ruled that Smartmatic failed to prove that Ruddy and others intentionally or recklessly destroyed evidence in the case. Newsmax says that it informed the Special Master that some of Ruddy’s text messages were accidentally not preserved on his mobile phone, but heim located another device that had many if not all of the text messages. Those messages were produced to Smartmatic in the litigation. Newsmax also notes that it informed the Special Master that neither Ruddy nor any senior staff sought to hide text messages or emails, which in many cases were also collected from dozens of other Newsmax witnesses in the case and produced to Smartmatic. Newsmax separately filed a Motion for Sanctions against Smartmatic on May 13, 2024, and a Motion for Contempt against Smartmatic on July 16, 2024. Both of those motions remain pending. In its motions Newsmax argues that Smartmatic and its executives have misled Newsmax, the Special Master, and the Court about the Department of Justice’s ongoing criminal investigation into Smartmatic in which the agency alleges that Smartmatic and several of its senior executives participated in an international scheme involving a multi-million-dollar bribe allegedly made to an election official in the Philippines in exchange for the company getting nearly $200 million in contracts. See the full (somewhat redacted) complaint here.

Industry Views

SABO SEZ: The Myth About Wall Street

By Walter Sabo
CEO, Sabo Media Action Partners
A.K.A. Walter M Sterling
Daily host, WPHT Philadelphia
Weekly host, Talk Media Network

imWall Street investors do not put up money for traditional radio and television stations.

That myth has been a burden within our culture for about 10 years and it just is not true. From a 1980s fast-buck perspective, traditional media does not offer the no-effort returns it once did. But major investors continue to seek opportunities from radio and TV acquisitions. Notably, today the money is much “smarter” than that found in the 1980s.

(Side note, the 1980s rush to radio put the business in the hellish financing we live with today. The new money won’t do that.)

Marc Rowan is the CEO of Apollo Advisors which bought Cox TV and radio. Apollo was first money in Sirius radio. Their escrow check closed the deal for Howard Stern and changed the radio industry. Marc explained to me that Apollo is not an investor, they are “owners.” Apollo has a long game plan as savvy operators with decent, moral standards. Marc actually likes, consumes and celebrates media. Apollo is not a chop shop. They build businesses.

George Soros is about to close on Audacy. Mr. Soros is a brilliant business builder. Like Apollo, he is an owner/operator. Soros represents smart money going into the proven medium of radio.

John Malone, builder of the cable industry, saved Sirius within days of bankruptcy. The company was about to miss payroll, Malone pulled it out the fire and through Liberty holdings he continues to control 83% of SiriusXM. Over the years he has grown, not diminished Liberty’s stake in the satellite company.

Rowan, Soros, and Malone have one thing in common: They are not jokers. They each have robust histories of sober, sane investments which has made them billionaires. While you and I shop the price of milk, the new owners of proven media are model guides for future Wall Streeters.

Walter Sabo has been a C Suite action partner for companies such as SiriusXM, Hearst, Press Broadcasting, Gannett, RKO General and many other leading media outlets. His company HITVIEWS, in 2007, was the first to identify and monetize video influencers.. His nightly show “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com

Industry News

TALKERS News Notes

Red Apple Audio Networks is now syndicating of WABC, New York political reporter and program host Dominic Carter. Red Apple owner John Catsimatidis states, “Dominic’s two shows are the most recent top-quality programming options that we’re offering radio stations through the Red Apple Audio Networks. Dominic is an exceptional broadcast journalist, which gives a sharp perspective to his analysis and commentary. Dominic is one common sense individual.”

FOX News Media promotes Trey Yingst to chief foreign correspondent. FOX News Media CEO Suzanne Scott states, “During major breaking news in every corner of the world, Trey has been the eyes and ears on the ground for our viewers since 2018. Trey’s indefatigable work ethic and dedication in multiple war zones has made him an incredible asset to FOX News and we are extremely proud of his first-class journalism.”

Industry Views

The Fine Line Between Serious Investigative Journalism and Flimsy Conspiracy Theory Mongering

im
Historian, author, and investigative journalist Mark Shaw joins TALKERS publisher Michael Harrison in a revealing discussion about the preponderance of conspiracy theories and flimsy sourcing currently flooding the nation’s talk and print media under the guise of researched reporting. Shaw, the author of dozens of critically acclaimed books including the 2016 best seller, The Reporter Who Knew Too Much, is this week’s guest on the TALKERS MEDIA YouTube channel video series “Up Close and Far Out with Michael Harrison” (see it here) as well as the award winning PodcastOne series “The Michael Harrison Interview” (listen here). Harrison and Shaw examine the important role responsible journalism and critical thinking play in maintaining a healthy, functioning democracy. Have we entered a “post-truth” era? Harrison says, “There’s a growing tendency in the rapidly unfolding digital age for the media, the politicians, and the intellectually dishonest from all strata of society to seek victory at the expense of truth.” Don’t miss this provocative thought-starter!

Industry News

TALKERS News Notes

SiriusXM announces that Megyn Kelly will host a series of one-hour specials that will air on SiriusXM’s Triumph Channel 111. “Get Closer with Megyn Kelly” will run on Fridays throughout August with video available on the SiriusXM app with topics including marriage, aging, parenting, and sex.

The Talk Media Network syndicated Dr. Daliah Wachs show is now airing on KBJA, Salt Lake City in the 8:00 pm to 10:00 pm slot.

Job Opportunity

Saga Seeks Weather Director/News Reporter in Spencer, Iowa

Saga Communications’ Spencer Radio Group is seeking a full-time weather director and news reporter for the cluster including news/talk KICD-AM/W237DD and music brands “BIG Country 107.7,” “MORE 104.9,” and “PURE Oldies 98.3/98.5.” The company says, “We’re looking for someone with the ability, talent andim passion to continue SRG’s long tradition into the future. The person for this position will need to live in Spencer, Iowa (or surrounding area). We need someone who understands small-market, local radio and is willing to be involved in the community. Knowledge of radio automation software, adobe audition, word press, and general computer experience is preferred.  We value creativity and the desire to win!  Duties for this position include (but not limited to): 1) Gathering, writing and reading local news stories; 2) Covering some meetings/events; 3) Conducting on-air interviews; 4) Anchoring LIVE, local, severe weather coverage; 5) Compiling/recording local weather data for National Weather Service; 6) Read LIVE market updates on air; 7) Posting local content on our websites/social media platforms. Send your resume and demo to operations manager Kevin Tlam at ktlam@spencerradiogroup.com. No phone calls. No voice-track inquiries. EOE.

Industry News

TALKERS News Notes

Paragon announces that public radio fundraising consultant and voice coach Christina Shockley joins its consulting roster. Paragon CEO Mike Henry says, “Several Paragon clients raved about Christina’s work for them and once we started talking, I realized why. She is a dynamic thought leader who excels at everything she does. Christina’s long tenure as an on-air host at NPR News stations fuels her creatively effective approach to fundraising and voice coaching. Her unyielding focus on the listener experience is a perfect fit for Paragon’s mission of re-inventing content.”

On Long Island, the Suffolk County District Attorneys office is releasing public safety announcements to remind the public of the dangers of drunk and drugged driving, the importance of staying at the scene of a crash, and the legal and financial ramifications of a criminal arrest.  All of the announcements will be broadcast on all of the JVC Broadcasting Long Island radio stations. JVC president and CEO John Caracciolo says, “All of us at JVC Broadcasting are committed to work with our elected officials to get this important message out. We were happy to donate the airtime to make it possible, this is what live and local radio is all about.”

Industry Views

SABO SEZ: Hunt for Humility

By Walter Sabo
CEO, Sabo Media Action Partners
A.K.A Walter M Sterling
Nightly host, WPHT, Philadelphia
Weekend host, Talk Media Network

imHumility means to be teachable. It’s the most important trait of great leaders and managers. For years I looked forward to focus groups to reveal the top-of-mind awareness of media among listeners. These groups always reminded us of a listener’s life priorities which never included radio listening! They taught us the correct secular language to use in promos and slogans, and what they remembered versus what we wanted them to remember.

Today’s hack for focus groups is Google Search Trends. When starting “Sterling on Sunday” 10 years ago, I was kidded by some lame program directors about the inclusion of John Weatherbe weather forecasts in a national show. Since John passed away, the weather is provided by meteorologist Dr. Dave Eiser. Dr. Dave has had a solid career on TV in Chicago and Phoenix. He gives national forecasts with a curious emphasis on cities where we have large affiliates!

Dr. Dave provides a real service on Sunday nights when not one AM station (other than all-news stations) deliver the most important information: Weather.

Google Trends is a humility machine. It shows real-time facts about what a potential listener cares so much about that they enter it in a Google search – right now! What are you talking about today? How does it compare with weather? Here are results from moments ago:

im

The results can be filtered for specific cities, time periods, categories of interest. Try it. Seek humility!

Walter Sabo has been a C Suite action partner for companies such as SiriusXM, Hearst, Press Broadcasting, Gannett, RKO General and many other leading media outlets. His company HITVIEWS, in 2007, was the first to identify and monetize video influencers.. His nightly show “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com.

Industry News

Trump-Backing Talker John Fredericks Dubs Project 2025 a “Grifter Sh*t Show”

On the heels of the resignation of Paul Dans, who served as the director of the Heritage Foundation’s controversial Project 2025, talk radio host and broadcasting entrepreneur John Fredericks is calling Project 2025 “an unauthorized grifter sh*t show that was generated by The Heritage Foundation for the sole purpose of raising money.” Fredericks is a dyed-in-the-wool Donald Trump supporter and operator of 10 conservativeim news/talk stations plus the John Fredericks Radio Network. He adds, “This undertaking was never authorized, sanctioned, or endorsed by President Trump or his campaign. Despite several very direct public communications disavowing any affiliation by Trump campaign senior staff, the fake news continued to propagate phony stories, which The Heritage Foundation and their Project 2025 leaders were willing and happy to substantiate. Sources say President Trump made the decision to shut it down himself. Good riddance to yet another grift charade using Trump to raise money.” TALKERS publisher Michael Harrison commented on Fredericks’ statement saying, “It has been disturbing watching the once-honored think tank known for its even-handed academic fastidiousness devolve into what is now perceived as just another fund-raising propaganda machine in the mud-slinging political wars. This is the kind of credibility squandering that damages the true American conservative moment and people’s confidence in all political organizations.”

Industry News

WJR, Detroit Launches “School Talks” Weekend Program

Cumulus Media’s Detroit news/talk outlet WJR AM 760 will debut a new weekend program on Sunday, August 25 at 3:00 pm titled, “School Talks,” hosted by longtime respected educator Dr. Robert Livernois.im The station says, “After a distinguished 36-year career in public education that included serving as a classroom teacher, school principal, and most recently, Superintendent of Warren Consolidated Schools, Dr. Livernois brings to WJR AM 760 and its listeners a wealth of experience and perspective on teaching and learning, technology, social-emotional learning, school safety, social media, and many other areas of interest to both parents and educators alike.” Dr. Livernois continues to serve as an adjunct faculty member of the College of Education at Wayne State University. WJR program director Ann Thomas comments, “Education is the key to a great future for our children and WJR is proud to partner with Michigan’s top educators to help them tell their stories about the great work they do in our communities.”

Industry News

Edison Research: Digital Continues Eating into AM/FM Listening

Edison Research – celebrating 10 years of its Share of Ear audio survey – is making a topline finding from its subscriber-only dataset available to the public. The company says the data indicates some substantial shifts in the amount of time U.S. listeners age 13+ spend with various types of audio in an average day. “Ten years ago, the average American age 13+ spent just over half of their total daily audio time with AM/FM radio,im including radio over-the-air and radio streams. The next highest portion, 18%, was spent with owned music such as CDs and downloaded audio files, and 11% of their daily audio time went to streaming. Today, we see the increase in listening from linear sources to more on-demand audio sources such as YouTube for music or music videos (not the YouTube Music streaming service), and podcasts. Americans age 13+ now spend an average of 18% of their audio day listening to streaming music from sources such as Amazon Music, Apple Music, Pandora, and Spotify, 14% listening to YouTube for music, and 10% listening to podcasts. AM/FM radio still takes the largest portion of the audio day on a 13+ basis with 36%, driven heavily by in-car listening.” Edison director of research Laura Ivey adds, “A decade ago Share of Ear was created to answer the question, ‘What do Americans listen to?’ Today we can understand the listening patterns of Americans and see how audio sources have emerged to vie for our daily listening time. There are surely audio developments that we can’t even imagine that will impact our daily audio time over the next 10 years.” See more about Share of Ear here.

Industry News

Magnum Broadcasting Unveils “Power Up My Podcast”

Magnum Broadcasting chief of podcasts Pat Ryan announces a new marketing tool for podcasters called Power Up My Podcast (PUMP) that uses broadcast radio to improve podcasts’ exposure to new listeners. Ryan, who also serves as PUMP CEO, says, “There are so many good podcasts that have no traction.im Here’s a cost-effective way to see if you’ve got what it takes. I’m tired of podcasters coming to me in tears after they sign up for services that market their work ‘wherever podcasts are available.’ That’s not a marketing campaign. Don’t you want to be more than a ‘wherever?’ PUMP is your answer.” He says that with PUMP, a selection of the podcaster’s episodes will be broadcast across five states via six prominent radio stations, helping tap into new listener bases, turning casual listeners into dedicated subscribers. Ryan adds, “If you want to turn your DUDcast into a serious PODcast with marketing power, this is how you do it.”

Industry News

TALKERS News Notes

Talk host Stephanie Miller says, “The Sexy Liberal Show is back with a bang, featuring myself, John Fugelsang, Hal Sparks, and Frangela! We are hitting the stage at the VIC Theatre in Chicago for a Democratic National Convention Special on Saturday, August 17. Thanks to our awesome friends at Meet Hook, listeners can join the fun from the comfort of their own couch!”

Conservative broadcaster AUN TV Network is seeking help after the Northern California wildfires destroyed the transmitters for two of their most popular stations, crippling their ability to communicate with a large portion of their audience. Those interested in donating can find more information here.

CRN Digital Talk Radio announces the third anniversary of “The Divorce Hour with Ilyssa Panitz.” She says, “While some people have a negative perception when it comes to the topic of divorce, Mike Horn, CEO of CRN Digital Talk Radio Networks, saw it differently and for that I will always be grateful. His vision was the same as mine and because of that, I was able to create an hour-long educational radio series that explores anything and everything that can happen during every stage of a divorce.”

Industry News

KBNP, Portland Adds “The Financial Exchange”

The Boston-based program “The Financial Exchange with Michael Armstrong and Chuck Zodda” joins the program lineup at financial talk KBNP-AM, Portland, airing in the 7:00 am to 9:00 am slot. The independentlyim syndicated program is heard on 14 affiliate stations throughout New England. Money Matters Radio COO Jason Wolfe comments, “The growth of ‘The Financial Exchange’ throughout New England has attracted interest from stations outside of the region and I’m thrilled to be able to add the show to KBNP. Keith Lyons has had 30-plus years of success in the Portland market and I’m looking forward to bringing our brand of business and financial talk to his station.”

Industry News

Philadelphia Talk Host Mary Mason Dies at 94

Philadelphia talk radio veteran Mary Mason died on July 25 after a battle with Alzheimer’s disease. Mason, a.k.a. Beatrice Turner, was a pioneering talk host in the urban talk radio format when she transitioned from a Gospel music host – beginning in 1958 – to anchor of the “Mornings with Mary” program on WHAT, Philadelphia in 1970. Thera Martin was Mason’s former program director at WHAT and tells WPVI-TV, “Reverend Louise Williams Bishop and Mary Mason are the two African American women who really broke the barrier in Philadelphia radio for us to come behind them. People used to hang onto her every word, every morning, with her very popular radio show.” The story notes that “the show catapulted Mason’s career, leading her to interviews with Dr. Martin Luther King Jr., Muhammad Ali, and Oprah.” See the WPVI-TV story here.

Industry News

Changes in Presidential Race Providing News/Talk Media with Positive Energy Surge