Industry News

Yesterday’s (3/14) Top News/Talk Media Stories

A U.S. military drone is knocked out of the sky by a Russian fighter jet over the Black Sea; the failure of Silicon Valley Bank and concerns about regulation and the banking industry; inflation, the state of the U.S. economy, and Fed policy; today’s scheduled arguments in a Texas court over access to the abortion pill; President Joe Biden issues executive order strengthening gun purchase background checks; the Republicans vying for the 2024 GOP nomination for president; Russia’s ongoing invasion of Ukraine; Facebook parent Meta announces layoffs of another 10,000 employees; and the atmospheric river that deluged California and left hundreds of thousands without power & the Nor’easter that dumped snow on the Northeast were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

“92.9 The Game” in Atlanta Unveils New Morning Show

Audacy sports talk outlet WZGC-FM, Atlanta “92.9 The Game” announces the launch of its new “morning sports and lifestyle show” called “The Morning Shift on 92.9 The Game” that stars (pictured from l-r) Tiffany Blackmon, Mike Johnson and Beau Morgan and airs from 6:00 am to 9:00 am. The trio takes over for current morning host John Fricke, who will continue with the station in a new role to be announced at a later date. “92.9 The Game” brand manager Mike Conti says, “Tiffany, Mike and Beau are going to offer a unique combination of perspectives on sports, culture, current events and day-to-day life that our listeners will find to be informative, entertaining and funny. They’ve quickly developed a chemistry that I think will lead to a fast-paced, fun, high-energy show each morning.” Blackmon also serves as a sideline reporter on ESPN’s coverage of college football and the XFL. Johnson played for the Atlanta Falcons for five years and has been working in TV and radio in Birmingham and Atlanta. He’ll also be a part of the Atlanta Falcons Radio Network’s pre- and post-game shows. Morgan is a 15-year veteran of sports radio in Atlanta, most recently as the executive producer of the station’s afternoon drive show, “Dukes and Bell,” and the Atlanta Falcons Radio Network. Along with the new morning show, the station will also launch a new early morning show called, “The Hometown Take,” hosted by morning show producer Dylan Mathews that airs from 5:00 am to 6:00 am.

Industry News

Simon Conway Talks with Ron DeSantis During Iowa Visit

Pictured above is Iowa talk radio host Simon Conway (right) – heard in afternoon drive on iHeartMedia‘s WHO, Des Moines; WMT, Cedar Rapids; and WOC, Quad Cities – with Florida Governor (and potential GOP presidential candidate) Ron DeSantis(left) at the WHO studios last Friday (3/10). Conway also interviewed former President Donald Trump yesterday ahead of his rally in Davenport. Conway says of his interviews with the candidates, “We really do play an important role in the process.” Since last summer, Conway has also interviewed former Vice President Mike Pence, former Secretary of State Mike Pompeo, former UN Ambassador Nikki Haley, and Senator Tim Scott.

Industry News

Elizabeth Westfield to Host Radio Health Journal

The public affairs program “Radio Health Journal” has a new host as voice talent Elizabeth Westfield takes over for the retiring Reed Pence. He leaves his role as host of the show after more than three decades. Westfield most recently served with Champaign, Illinois radio company Illini Radio Group voicing commercials and hosting on-air shows. “Radio Health Journal” was launched in 1992 and is distributed by American Urban Radio Networks to more than 630 affiliate stations. AURN says, “The addition of Westfield rings in a new era for the show in that it’s now largely female-led, produced and voiced. With March being Women’s History Month, it’s important to honor the contributions of the countless women across history who’ve fought tirelessly for equal rights and opportunities.”

Industry News

Yesterday’s (3/13) Top News/Talk Media Stories

The failure of Silicon Valley Bank, concerns about other banks and the controversy over bank regulation; the government’s inflation report and whether the Fed will hike interest rates or stand pat; U.S.-Mexico border troubles and Texas’ move to create its own border police force; President Joe Biden approves a new oil drilling project in Northern Alaska; the GOP contenders for the ‘24 GOP nomination; Russia’s aggressive assault on eastern Ukraine; China warns U.S. over nuclear sub deal with Australia; former Donald Trump attorney Michael Cohen set to testify before Manhattan grandy jury investigating the Stormy Daniels hush money allegations; and the atmospheric river dumping more rain on Northern California and the Nor’easter piling snow on the Northeast were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry Views

Pending Business: What’s a Sale?

By Steve Lapa
Lapcom Communications Corp
President

Let’s take a lesson from arguably the greatest college basketball coach of all time: John Wooden.

The coach wanted every UCLA player on the same page, so he took time in meetings to explain the proper way to put on those old school basketball socks. You know, the ones that came up to mid-calf, usually double stripped at the top. There was a clear method to Wooden’s genius. Taking meeting time to show budding superstars like Kareem Abdul Jabbar and Bill Walton something so fundamental achieved several goals.

 — Fundamentals count. There is nothing more basic than how to properly put on your socks and mastering the basics wins.

— Short cut the basics and you will suffer. Having worn those socks through thousands of school yard games myself, rush the process and painful blisters follow.

— Every player starts every practice, every game the same way.

Every year I would conduct one sales meeting asking my team to answer the question, “Can you define a sale?” I know, that’s way too basic for sellers earning six figures. It’s an embarrassing waste of time for the tenured sellers who had proven themselves in the field every day. Was I wasting the time of those newer team members who were looking forward to the highest commission rate in the market?

Try it. Chances are you will get so many different answers your sales team will seem like a Cirque du Soleil act.

There IS a simple, legal definition of a sale. It all starts with an “exchange.” Once you dissect the definition and focus on the dynamics of the “exchange” you will understand how and why a sale is a process that needs constant care.

Most sellers and managers move right past that critical dynamic. You know the one that requires confidence from both the buyer and the seller. That one dynamic, the exchange between confident buyer and seller goes back to 1626 when it was rumored Peter Minuit bought Manhattan Island for 60 guilders or $24.

There is something to be said for getting all sellers on the same page by starting with the basics.

John Wooden’s record 11 national championships still stands. I figured if it worked for the greatest college basketball coach of all time, it could work for me. Emphasizing the basics should work for you too!

Enjoy the Madness this March.

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: Ditch the DJ Voice

By Holland Cooke
Consultant

Tip: If you’re auditioning for voiceover work, call yourself a “voice actor,” not an announcer.

The sound-alike DJ caricature delivery blends-into the blah-blah-blah that advertisers need to cut-through. Which explains why TV and movies actors are heard on so many national TV ads.

Listen carefully. You’ve heard George Clooney for Budweiser, Julia Roberts for Nationwide Insurance, Morgan Freeman for Visa. Tim Allen invites you to “Pure Michigan,” John Goodman pitches Dunkin, and Rashida Jones says fly Southwest. Not on-camera endorsements, unidentified voice-overs, with unaffected delivery. Network radio spots for The Home Depot? Actor John Lucas NAILS ‘em (pun intended).

Listen to the scene-setting voice-overs that “Magnum PI” star Jay Hernandez does within episodes, every bit as intimate as his predecessor Tom Selleck’s were in the 1980s version. Those Florida Orange Juice commercials Selleck V/O’d a while back sounded so effortless.

And maybe that’s the key. Don’t announce-AT-me, just tell me.

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of the E-book and FREE on-air radio features Inflation Hacks: Save Those Benjamins;” and “Spot-On: Commercial Copy Points That Earned The Benjamins,” a FREE download; and “Multiply Your Podcast Subscribers, Without Buying Clicks,” available from Talkers books.  Follow HC on Twitter @HollandCooke

Industry News

Brent Axe Axed from WTLA, Syracuse for SU Criticism

Syracuse.com’s Chris Carlson reports that Galaxy Media Partners president and CEO Ed Levine fired sports talk host Brent Axe for being “too negative toward Syracuse University sports.” The program “On the Block with Brent Axe” has been cancelled and Axe is no longer an employee of Galaxy. Levine is being straightforward about the reason for Axe’s dismissal. He says, “I had a problem with the content of the show. I’m an SU fan. I’m sorry, but I bleed Orange. I’m not going to apologize for that, and I think a fair reading of the Orange is appropriate. I understand [Galaxy has] a business relationship [with Syracuse], that Coach [Jim] Boeheim and I are personal friends and he’s an investor in my company. I understand and acknowledge all of that. We’ve called it pretty fair, and I would argue we’ve been tough on SU when the on-field or off-field events warrant it. I just think over the past six months it took a different tone and became overly dark and negative. I don’t think that’s what Syracuse fans want to hear.” For his part Axe tells Syracuse.com, “I had a responsibility to give an honest, fair and thorough opinion to my audience. I certainly wasn’t perfect, but I don’t regret anything about the approach of the show. We put listeners on the air, and we gave them the opportunity to say what they needed to say. I don’t have any regrets.” Read the full story here.

Industry News

Urban One to Cash Out of MGM National Harbor; Will File 10-K Late

In an 8-K filing with the Securities Exchange Commission, Urban One reports that its wholly owned subsidiary Radio One Entertainment Holdings, LLC has issued a put notice with respect to 100% of its interest in MGM National Harbor, LLC. The latter is now required to repurchase the Radio One’s put interest for cash and it should get $145.5 million at the time of settlement. At the same time, Urban One is notifying the SEC that is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 before the March 16 deadline. The company says it expects to file the report within the 15-day extension period. Urban One adds, “The company noted it expects its auditor will issue an unqualified opinion on the consolidated financial statements. The company has identified material weaknesses in the company’s internal control over financial reporting and as a result, expects some of its internal controls over financial reporting and disclosure controls will be ineffective as of December 31, 2022. The Annual Report on Form 10-K for the year ended December 31, 2022 will describe these material weaknesses, and the company is implementing plans to remediate them.”

Industry News

CBS News Radio’s World News Roundup Marks 85th Anniversary

Today (3/13), CBS News Radio marks the 85th anniversary of its “World News Roundup” radio program with special programming throughout the day. CBS News Radio says, “When it launched on March 13, 1938, ‘World News Roundup’ changed broadcasting forever by being the first program to feature correspondents stationed around the globe reporting for one live broadcast. The first broadcast was anchored by Robert Trout and featured reporting by Edward R. Murrow, then a CBS executive, making his debut reporting on the show from Vienna. Hitler’s German army was invading Austria and becoming a growing threat to all of Europe.  This was the first comprehensive broadcast that linked America with a world careening toward war.” Currently, Steve Kathan anchors the program and Jennifer Keiper anchors “World News Roundup Late Edition.” The broadcasts are aired on 156 CBS News Radio affiliates and on SiriusXM’s P.O.T.U.S channel. As part of the anniversary celebration, CBS News Audio is launching the new “CBS New Roundup” podcast, which combines broadcasts of “Weekend Roundup,” “World News Roundup,” “World News Roundup Late Edition” and “Kaleidoscope” into one. Also, CBS will release a remastered “World News Roundup” broadcast from 1938.

Industry News

Glenn Beck Buys Roe v Wade Historical Artifact

The Texas Tribune reports that Premiere Networks nationally syndicated talk host Glenn Beck has acquired the original receipt from the court filing from the last living attorney from the team that argued the Roe v Wade case in the U.S. Northern District Court of Texas. Beck bought the receipt from attorney Linda Coffee’s archives via an independent auction house and paid more than $600,000 for it. The Tribune quotes Beck saying on his radio show, “Roe vs. Wade is history, and now that history is in the hands of a pro-life conservative.” He also says “Coffee’s archives will debut this summer as part of an exhibit called ‘The Blueprints of Freedom,’ adding, “The Roe archives’ inclusion in the exhibit will underscore Coffee’s bloody legacy that has been undone in the service of life and the proper reading of the Constitution.” Read the story here.

Industry News

TJ Dula Named SVP of Sales for iHeartMedia Raleigh

iHeartMedia names TJ Dula SVP of sales for the Raleigh operations, effective immediately. Dula joins the market from the Disney ABC Television Group, where she most recently served as the digital sales director. iHeartMedia Raleigh president Michael Burger says, “We are ecstatic to have TJ join our team in Raleigh. She is an impactful, results-driven leader who has fostered confidence, gained respect and accumulated wins throughout her career. She has vast media experience, and she is as incredible personally as she is professional. We are grateful to bring her onto our team. She will work closely the team and our clients to achieve some incredible feats.”

Industry News

Beasley Philly VP and Market Manager Joe Bell Celebrates 50 Years

Beasley Media Group Philadelphia vice president and market manager Joe Bell was honored with a surprise celebration of his 50th anniversary in broadcasting at the company’s offices in Bala Cynwyd on Friday (3/10). The ceremony included remarks from CEO Caroline Beasley and proclamations from the Philadelphia City Council and its mayor, the Honorable Jim Kenney, as well as the presentation of a custom gold record plaque and a “Joe Bell 50” Sixers jersey from the 76ers by vice president of sales Paul Blake. Bell says, “I got into the business because it looked like fun. It was fun in 1973 and it’s still fun in 2023!” Pictured above is Bell (at center) surrounded by the staff of Beasley’s Philadelphia radio stations.

Industry News

Talk Host Steve Kass Elected into RI Heritage Hall of Fame

Longtime Rhode Island talk radio host Steve Kass is being elected into the Rhode Island Heritage Hall of Fame and will be honored at a ceremony on Saturday, May 6 at the Crowne Plaza Hotel Pavilion in Providence. Kass was inducted into the RI Radio Hall of Fame in 2010. He began his radio career in 1958 as a rock ‘n’ roll disc jockey. He also led the pop group Steve Kass and the Love Larks that was recorded by Bobby Day for Class Records. They performed on TV and toured for a while. Kass changed careers and launched several successful businesses but returned to radio and TV in 1979, hosting shows at WPRO-AM and WHJJ-AM in Providence. Today, he hosts an eponymous podcast.

Industry News

The Weekend’s Top News/Talk Media Stories

The fallout from the failure of Silicon Valley Bank; the attempts by large groups of people to enter the U.S. by overwhelming border guards in El Paso and other border crossing locations; the 2024 presidential race; former Donald Trump attorney Michael Cohen set to testify before Manhattan grand jury investigating the Stormy Daniels hush money allegations; Russia’s ongoing assault on the Ukrainian city of Bakhmut; the atmospheric river event destined for Northern California that will bring more rain and potential flooding to the region; and Sunday evening’s Academy Awards show were some of the most-talked-about stories in news/talk media over the weekend, according to ongoing research from TALKERS magazine.

Industry News

Benztown Unveils Expanded and Updated News/Talk Library

The company breaks out its new Benztown News/Talk audio imaging library for radio stations, that focuses on bringing updated and more frequent caller and host audio, an accelerated update schedule, and more daily topical promos and sweepers designed exclusively for news/talk stations. Benztown says the updates include a refocused approach based on caller/listener interaction and daily topical pieces. It adds, “The Benztown News/Talk Library is created by the industry’s top imaging and production specialists, led by imaging director, Adam “Ketch” Kecskemeti, and imaging voice, Mike Hansen. Paired with Benztown’s Ambush News/Talk Library, led by imaging director Scott Phillips, and format voice JJ Surma, and housed on Benztown’s industry-leading platform, news/talk radio stations have every imaging tool and solution at their fingertips.” Benztown VP, sales & operations Masa Patterson says, “We are incredibly excited to bring America’s best news/talk stations an enhanced and expansive toolset they need now more than ever. Benztown News/Talk is all stations need to produce what their listeners count on them for, from conservative talkers to straight-up traffic and weather. With this increase in caller interaction and daily topical elements, it has everything news/talk stations need to get a jump on tomorrow’s news today – and more.” Listen to a composite of the expanded Benztown News/Talk Library, paired with Benztown’s companion library Ambush here.

Industry News

Monitor: Talk Radio Rises as a New Battleground for Latino Voters

A piece in the Christian Science Monitor by Simon Montlake takes a deep dive into the battle for Hispanic listeners – and voters – on the nation’s radio waves. The recent sale of Univision’s “Radio Mambi” (WAQI-AM, Miami) to George Soros-backed Latino Media Network and that company’s acquisition of other AM signals in Florida, New York, Illinois, Arizona, California, Texas, and Nevada created a stir and cries of “left-wing censorship” from conservatives. The rhetoric surrounding these deals is part and parcel of the politicized nature of media in the modern world. In the piece, Montlake observes, “The $60 million takeover – and the reactions it has sparked – is another flashpoint in the national battle to win over Latino voters, a fast-growing demographic that has long leaned Democratic but has lately grown more receptive to Republicans. So far, most Spanish-language radio in the U.S. has been focused on music and entertainment, not news or commentary. Which in the eyes of many makes it an untapped and lucrative means of political persuasion.” Read the Monitor story here.

Industry News

iHeartPodcast Network to Present Influencer Summit

The iHeartPodcast Network announces what it is calling “an industry-first Influencer Summit where some of the most successful podcast creators will open the mic and teach marketers the art of podcast advertising” on Wednesday, April 26, at the iHeartMedia executive offices in New York City. The company says, “The hands-on educational event will feature diverse podcast authorities such as the wildly popular media personality and founder of The Black Effect Podcast Network, Charlamagne tha God; the woman behind the successful ‘Stuff You Missed in History Class’ podcast, Holly Frey; and esteemed journalist, author and co-founder of Pushkin Industries, Malcolm Gladwell, joined with today’s biggest marketers to explain why podcasting is growing rapidly and how brands need to adapt, invest and create audio advertising that resonates with podcast fans.” iHeartMedia Digital Audio Group CEO Conal Byrne says, “Podcasters are the most creative, fastest-growing, diverse wave of influencers to hit content and marketing in years – just as influencer marketing more generally was becoming a key new way to reach audiences. This event came together because our podcast creators are deeply invested in the brands and advertising that become part of their shows, that they asked us to give them a chance to sit down with marketers at scale and talk about what makes host-read creative work. What really differentiates podcasting and our iHeartPodcast Network from other mediums is that creators and fans expect the advertising to be endemic to the shows, often voiced by the hosts and authentic to the listening experience. This is a chance to roll up our sleeves and co-create, collaborate and showcase the simplicity, speed and creative potential of podcasting.”

Industry News

77 WABC Adds Live & Local Shows to Sundays

Red Apple Media Group’s news/talk WABC, New York announces the addition of “Cut to the Chase with Laura Curran” (4:00 pm to 5:00 pm) and “Positively Ernie & Patricia with Ernie Anastos and Patricia Stark” (5:00 pm to 6:00 pm ) to its Sunday program schedule. Laura Curran is a former reporter for The Daily News and The New York Post who also served as Nassau County executive from 2018-2021. She’s filled in on the station’s “Cats & Cosby” show. Ernie Anastos recently began producing his twice-daily feature “Positively Ernie with Ernie Anastos” for the station. For this new show he partners with Patricia Stark – a certified personal & executive coach who heads Patricia Stark Communications. Red Apple Media Group CEO John Catsimatidis says, “At 77 WABC, we’re doing radio the way it’s supposed to be…. live, local, and BIG. We got rid of all the brokered weekend programs and we’re replacing them with big-name hosts like Ernie and Laura. I know we’re doing radio the right way because we’re winning!”

Industry News

Syndicated Radio Physician Dr. Asa Andrew Expands TV Footprint

Asa Andrew, M.D. – known to his growing audiences on radio and television as Doctor Asa – has just filmed his fifth reality health series. Titled, “Reversed,” the program focuses on the global challenges of diabetes and weight-related issues. Doctor Asa serves as the program’s executive producer as well as one of the lead talents. The latest installment was filmed in Costa Rica and will be released on Discovery later this year. Doctor Asa, in addition to his array of media products and roles, recently signed a deal with Impact Wrestling as a ringside physician “character.” He tells TALKERS, “The word ‘doctor’ is derived from the Latin word for ‘teacher’ and I view my varied roles in talk media as extensions of that concept.”

Pictured at the filming of “Reversed”: Doctor Asa (left) interviewing Tony Jimenez, M.D. (right) a leading cancer doctor. Doctor Asa will be one of 60 talk media speakers at the forthcoming TALKERS 2023 at Hofstra University on Friday, June 2. To register or obtain sponsorship information, call Barbara Kurland at 413-565-5413.

Industry News

Top News/Talk Media Stories for Week of March 6 – 10

The relations between the U.S., China, and Russia as China threatens the U.S. for trying to “encircle and contain” it while the U.S. watches China cozy up to Vladimir Putin and refuse to condemn Russia’s aggression in Ukraine was the most-talked-about story in news/talk media this week, landing atop the Talkers TenTM. At #2 this week was the use of security video from the U.S. Capitol by FOX News personality Tucker Carlson to downplay the events of January 6, followed by the state of the U.S. economy and the Fed’s warning that interest rates will continue to be pushed up at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed in news/talk media this week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

Industry Views

The Uniqueness of the American Radio Talk Show Host

By Walter Sabo
Consultant, Sabo Media
A.K.A. Walter Sterling
Radio Host, Sterling on Sunday

Talk show talent, program directors, show producers and broadcast business decision-makers represent the core readership of this publication. Sometimes we are so close to something that we fail to see it for what it really is. That is the case of the “talk show host” in American radio. Michael Harrison refers to the often-shameless targeting of audiences as “the daily dance of affirmation.” I view the daily process of radio talk show hosting at its very core, as “the daily dance of freedom.”

Talk show hosts are a rare breed and endangered species who enjoy a unique freedom in American radio. Hosts can actually talk about whatever they want! Of course, they are subject to both the rewards and consequences of this freedom – but the process of doing a live talk show, sparked by opinion and controversy, is so spontaneous and uniquely dynamic that it cannot be controlled on a minute-to-minute level without losing the flavor that makes it so special and long-lived.

During a decade as a top-five market and network talk show host, no one has ever told me what to talk about. And for zillions of years as a programming executive prior to that, I never told a host what to talk about on their next show.

Talk hosts are granted remarkable radio freedom!  Music jocks haven’t had that freedom since the 1960s. Music jocks have to get up the courage to ask permission to merely change the order of songs on their play list. Talk show hosts “own” three or four hours a day on a significant station or stations to say whatever they wish. That’s amazing! At first that freedom was a daunting, humbling challenge for me. However, I have been guided by my experience in programming or having launched some of the world’s most successful talk stations.

Based on that experience from both sides of the mic, here’s what works: Talk can entertain a listener of any age and demographic if the host talks about the listener’s day. I talk about my day framed for a listener, one listener – water in the basement, trouble with the sister-in-law, the parent-teacher conference, more trouble with the sister-in-law, the check engine light in the car never wants to go out, life at Walmart. I talk from a place of trust.

Trust that events that poke the landscape of our lives are a very big deal. Trust that I will never find the “right” topic on any editorial page. Trust that you, dear listener, already know who you are going to vote for in any election and that this English major does not have the magic wand to change your mind. Trust that my on-air opinion must never waiver or we have no show.

Listen to talk shows and stations that reach demos under 50:  WMMS, Cleveland; KFI’s John and KenCasey Bartholomew at WBAP, Dallas; KMBZ, Kansas City; KFBK, Sacramento; the Elvis Duran Show; and streaming with Bubba the Love Sponge or Phil Hendrie. Those successful shows embrace the scope of conversation two best friends would have on the phone today. If two best friends would discuss a topic, why wouldn’t you share it on the air? If two best friends would never discuss it, why would you ever put it on the air?

Walter Sabo, consultant, can be contacted at Sabo Media: walter@sabomedia.com. Direct phone: 646-678-1110.  Check out www.waltersterlingshow.com. 

Industry News

Townsquare Media Q4 2022 Net Revenue Up 8.8%; Full Year Up 10.8%

Townsquare Media reports operating results from the fourth quarter of 2022 and for the full year. Net revenue for Q4 of 2022 was $120.3 million, an increase of 8.8% over the same period in 2021. For the full year of 2022, net revenue was $463 million, an increase of 10.8% over the full year of 2021. While net income was up over 100% in Q4 of 2022 over Q4 of 2021, net income for the full year 2022 was $14.4 million, down 23.4% over the full year 2021. While Broadcast Advertising net revenue for the full year 2022 was up 3.8% over the full year 2021, Townsquare is upbeat about its Digital segment. CEO Bill Wilson says, “I am proud to report that Townsquare’s transformation into a Digital First Local Media Company allowed us to deliver record results in 2022 despite a progressively challenging economic landscape… 2022 was a significant inflection point for our company. It marked the first year where radio no longer comprised the majority of our revenue and profit, further separating Townsquare from our local media peers, and placing a spotlight on our world-class team and our unique and differentiated strategy, assets, platforms and solutions. Our growth engine has been and will continue to be our digital solutions, which were the primary driver of our 2022 growth. Total digital revenue increased +16% year-over-year (and +12% in the fourth quarter) to $231 million, and total digital Adjusted Operating Income increased +12% year-over-year to $69 million, representing a 30% profit margin. We believe Townsquare’s ability to drive profitable, sustainable digital growth is a key differentiator for our company, and we reaffirm our expectation that our digital revenue will grow to at least $275 million by 2024. We are uniquely positioned as a Digital First Local Media Company focused principally on markets outside of the Top 50 in the United States, with a resilient digital growth engine supported by both a recurring subscription digital marketing solutions business, with a large addressable market and limited competition, and a highly differentiated digital advertising technology platform. We believe that our business model and strategy position us to weather the current economic environment better than most… Our success has been and will continue to be the result of the Townsquare Team focusing on what we do best: creating high quality, local original content for our audiences and delivering creative and cost-effective marketing solutions for our local clients with strong return on investment.”

Industry News

Saga Communications Q4 2022 Revenue Up 3.3%; Full Year 2022 Up 6%

Reporting its operating results for the fourth quarter of 2022 and for the full year, Saga Communications reports net revenue increased 3.3% to $30.1 million for Q4 of 2022, compared to $29.2 million for the same period a year ago. It says net revenue increased 6% to $114.9 million for the full year of 2022 compared to $108.3 million for the full year of 2021. Although net income rose almost 16% to $4.27 million in Q4 of 2022, Saga’s net income dipped 17.5% to $9.2 million for the full year of 2022. The company adds, “Despite strong underlying performance the results were impacted by one-time payments during the 3rd quarter related to the passing in August of our founder Ed Christian. As a result of Ed Christian’s passing, the company was required to make several payments to his estate as outlined in his employment agreement. Without these expenses operating income would have increased 12.3% to $16.9 million, free cash flow would have been approximately flat with last year at $13.6 million and net income would have increased 16.8% to $13 million.”

Industry News

“95.7 The Game” San Francisco Drops PM Show, Unveils New Lineup

Audacy announces the new program lineup at sports talk KGMZ-FM, San Francisco “95.7 The Game.” Gone from the afternoon drive daypart are Damon Bruce and Ray Ratto, who exit the station. Moving to the afternoon show (2:00 pm to 6:00 pm) is the duo of Mark Willard and Dan Dibley. The station’s morning show featuring Bonta Hill and Joe Shasky adds an hour and is now heard from 6:00 am to 10:00 am, while midday hosts Matt Steinmetz and Daryle “The Guru” Johnson are now heard weekdays from 10:00 am to 2:00 pm.

Industry News

Media Execs and Celebs Attend BFoA’s Golden Mike Gala

On Monday evening (3/6), 255 radio and television executives and celebrities gathered at the famed Plaza Hotel in New York City to honor Jack Abernethy, CEO of FOX Television Stations, with the 2023 Golden Mike Award, and Richard E. Wiley, former Chairman, Commissioner, and General Counsel of the Federal Communications Commission, and one of the most prominent media and telecommunications lawyers, with the 2023 Edward F. McLaughlin Lifetime Achievement Award. The annual gala is a fundraiser for the mission of the Broadcasters Foundation of America, which provides financial assistance to broadcasters in acute need.Pictured above are (from l-r): FOX 5 New York host Rosanna Scotto, Broadcasters Foundation chairman Scott Herman, Jack Abernethy, and Broadcasters Foundation president Tim McCarthy. Photo: Wendy Moger-Bross

Industry News

MIW’s Speak Up Mentoring Program Open for Applications

Mentoring and Inspiring Women in Radio, Inc announces that the application window for MIW’s 2023 Speak Up Mentoring Program opens today (3/9) and closes on March 31. Speak Up! is a one-year mentorship program created in partnership with Media Staffing Network founder and CEO Laurie Kahn before her passing last October. MIW says, “The program encapsulates so much of what Laurie brought to the industry; a mentorship that encourages and empowers women to develop confidence, sharpen communication skills and hone the ability to effectively speak up in order to further attain career and personal goals.” One candidate from radio broadcasting, located in a small to medium radio market from any department, will be selected for the 2023 program. Find out more about the program and apply here.

Industry News

Yesterday’s (3/8) Top News/Talk Media Stories

FOX News host Tucker Carlson’s airing January 6 video attempting to prove what happened at the Capitol was “mostly peaceful”; a House committee begins hearings in which it suggests an investigation into the lab leak theory of COVID-19’s origins should be investigated; U.S.-China relations as China accuses the U.S. of trying to “encircle and suppress” China’s progress; Russia’s intensifying fighting to take the Ukrainian city of Bakhmut; President Joe Biden’s plan to present his budget proposal including tax hikes that would cut the federal deficit by $3 trillion; two Americans are killed in Mexico traveling for a medical procedure; Senate Minority Leader Mitch McConnell is hospitalized after falling; and Central and Northern California prepare for another powerful snow and rain storm were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Industry News

KOA, Denver Host Mandy Connell Guests on Harrison Podcast

Face - HeadMandy Connell, heard 12:00 noon – 3:00 pm daily on iHeartMedia powerhouse KOA, Denver, is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Connell, whom Michael Harrison describes as “one of the best local radio talk show hosts in America,” covers a wide array of subjects from local and national politics with an independent conservative perspective to her day-to-dayFace - Hair insights as a wife, a mom, a foodie, and a self-proclaimed “mediocre driver who never sees the speed traps until it’s too late.” At last year’s national TALKERS convention, she was awarded the prestigious honor – 2022 Talk Radio Industry Woman of the Year. As we are about to celebrate International Women’s Day, Harrison and Connell engage in a candid conversation about the current status of women in talk radio and her experiences being a female in the broadcasting business for more than a quarter century. They also discuss the impact of rapidly evolving 21st century communications technology and the challenges these dizzying changes are imposing on parenting. Listen to the podcast in its entirety here.

Industry News

Audacy Names Chase Daniels OM for Cleveland Stations

Audacy announces that programming pro Chase Daniels is the new operations manager for the Cleveland station group that includes sports talk WKRK-FM “92.3 The Fan” and four music stations. Daniels moves to Cleveland from the company’s Madison, Wisconsin cluster where he served in a similar role. He takes over for Dave Popovich, who recently retired. Audacy Cleveland SVP and market manager Tom Herschel says, “Having Chase join us from our stations in Madison is a testament to the depth of talent at Audacy and the work he’s done there. We couldn’t be more pleased to welcome Chase to Cleveland.”

Industry News

Salem Executives Oppose Daylight Saving Time Legislation

Salem Media Group chairman of the board Edward Atsinger III and CEO David P. Santrella signed letters to Congressional leaders opposing a bill (H.R. 1279) that would make Daylight Saving Time permanent in the U.S. The executives point out how a late sunrise – especially in the winter months – would affect the reach of AM signals. They write that their stations “are in jeopardy of suffering a massive blow to their operations through a bill that is before you now. AM radio stations continue to be the backbone of many communities. They serve their audiences with programming features like news updates, traffic/weather reports, sports play-by-play, and talk programs. In some municipalities, AM radio stations also cater to a specific immigrant community, reaching their listeners with a specific foreign language or other programming elements like music or sports.” They go on to say, “H.R. 1279, as it is written, would make Daylight Saving Time permanent, thus impacting AM radio stations’ power and, therefore, coverage in the crucial morning drive daypart. This issue would be even more detrimental during the darkest days of November, December, January, and February, when AM stations would not be at full power until at least 8:00 am. From a programming and revenue standpoint, the morning drive daypart is still one of the most significant dayparts on an entire radio station. It’s the daypart that generates the most amount of revenue and is a cornerstone for the rest of the programming day. AM radio is facing a multitude of challenges. Radio, in general, faces constant headwinds from an ever-changing media landscape. This challenge might likely be the death blow to many AM radio stations. I am confident you don’t want to see that happen. Simply put, H.R. 1279 would significantly hinder AM broadcasters nationwide from effectively serving the communities they have been licensed to reach.”

Industry News

KMG Networks to Distribute “Podcast Radio” to U.S. Stations

U.S. firm KMG Networks is partnering with UK-based broadcaster Tindle Media Group to serve as distributor for the American version of the radio station format “Podcast Radio” that is expected to commence in the spring of this year. Tindle Media Group says, “Podcast Radio launched three years ago in the UK and uses the trust and familiarity people have for their local radio stations to help them sample and choose from curated podcasts. Podcast Radio broadcasts 24/7 online and via app and smart speakers. It is monetized by selling traditional on-air advertising and sponsorships, inserting commercials into its online audio stream, partnering with international content makers, and making original podcasts and bespoke audio content that resonate with audiences.”