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



Benztown, a global leader in radio imaging, voiceovers, programming, podcasting, and jingles, has released two new episodes of “Chachi Loves Everybody,” an original podcast series hosted by its president Dave “Chachi” Denes. The episodes feature Chachi’s special guests Steve Jones, president and CEO, Skyview Networks, and Mike McVay, president, McVay Media Consulting.
PodcastOne
The podcast publishing arm of iHeartMedia and Radio Ambulante Studios (RAS), a pioneering Spanish-language podcast production company that tells the stories of Latin America and Latino communities around the world, announced a deal that will bring RAS and its full slate of shows to iHeart’s My Cultura Podcast Network. As part of the deal, Radio Ambulante Studios’ flagship, award-winning podcast “
Remote News Service (RNS), a boutique news network providing hyper local, and custom news and traffic remotely, has added four new affiliates. These include station clusters in Wisconsin in both Prairie du Chien and Viroqua, and in Michigan two more markets, Soo and Sault Ste. Marie. Gabe Buch, OM/PD at Robinson Media’s WQPC, Prairie du Chien tells TALKERS, “Remote News has a been a life saver! Very easy to work with and they went the extra step to make our news local. The transition to Remote News was very easy and the anchor we chose is easy to work with and sounds great.” Michael SanAngelo, OM for Sovereign Communications adds, “Our company is on the Canadian border, and we’ve struggled for years to find the right person to collect, write and deliver solid local and regional news on our seven-radio station group. In just two weeks with Remote News Service, our news content has been night and day better and exactly what we have always wanted.” RNS owner Lesley Lotto tells TALKERS, “I’m floored once again at the tremendous growth! 54% this year so far. But this is not about me, it’s our amazing team who continues to attract new clients due to their dedication and hard work. I’m beyond proud.” To learn more about RNS,
Premiere Networks announces the addition of “
Ham is a prominent journalist, FOX News contributor, speaker, author, and co-host of the news podcast “
The duo will help listeners navigate the headlines that matter most to American families and understand how they affect them. Known for being funny and a bit irreverent, yet serious and thoughtful about important issues, Markowicz and Ham have one purpose in mind: to keep the audience informed without wearing them out.
Audacy has added “FOX Across America with Jimmy Failla” to its lineup on Talk Radio 1210 WPHT, Philadelphia. Failla’s nationally syndicated political show will be heard weekdays from 7:00 pm to 10:00 pm ET beginning October 7. “FOX Across America with Jimmy Failla” features guests from across the political spectrum for lively discussions on the day’s leading headlines. David Yadgaroff, senior vice president and market manager, Audacy Philadelphia tells TALKERS, ““Jimmy’s coverage of today’s top stories brings a refreshing lightness to the political polarization in America, uniting listeners from all parties with laughter,” adding, “Talk radio has proved to be a reliable news source for listeners, so we’re proud to add this renowned program to our airwaves as the anticipation builds for the 2024 presidential election.” TALKERS Heavy Hundred member, Failla says, “As a former taxi cab driver, I am thrilled to join a station that’s built the same strong relationships with its listeners as I built with my passengers,” adding, “I can’t wait to take this ride!” In addition to his radio program, which is heard on 150 stations nationwide, Failla hosts the television show “FOX News Saturday Night,” where he uses his experience as a stand-up comedian to add humor to the biggest stories of the week. He is the New York Times bestselling author of the FOX News book Cancel Culture Dictionary and began writing for the network in 2016. Failla is replacing Cumulus / Westwood One syndicated star (and TALKERS Heavy Hundred member) Mark Levin at night on WPHT.
Cumulus Media Appleton-Oshkosh, WI is looking for a dynamic morning show host for its legendary conservative talk and news station WOSH-AM (with FM translator). The station just celebrated its 83rd anniversary and is looking for an engaging presence to guide it to its next milestone. Station officials tell TALKERS, “The WOSH host shares the community voice and opinions and encourages listeners in the Fox River Valley to engage with the topics of the day, whether they agree (or even disagree) with us. Our talent, news, the sound of the station, and promotions are all forward thinking. If you are as well, maybe Wisconsin should be on your radar!” For more details and contact information, please
Written in 1787, signed on September 17, 1787, ratified in 1788, and in operation since 1789, the United States Constitution is the world’s longest surviving written charter of government. Today is the anniversary of that initial signing. After spending all summer crafting the original seven articles of the historic document, an assemblage of the nation’s founding fathers in Philadelphia at the Constitutional Convention, under the leadership of George Washington, created what would prove to be the ideological and legal backbone of the United States of America. The 39 remarkable individuals who put their signatures to the document included such icons as Benjamin Franklin, Alexander Hamilton, James Madison, and Gouverneur Morris.
In her new role, Murray will lead WJCT’s early childhood education team, overseeing an expanded program of family engagement workshops at six early learning centers and three Head Start sites throughout the academic year. She also manages long-standing initiatives such as the annual children’s writers contest, the Jax PBS KIDS Club, WJCT’s Parenting Minutes, and more. Murray will also manage WJCT Public Media’s relationships with local and national partners and stakeholders, develop new programs and services, and serve as an early childhood education resource for the Northeast Florida community – all with the goal of expanding WJCT Public Media’s impact in this essential service area. Murray has an extensive background in the field and has worked with WJCT Public Media as a consultant over the past two years – while also consulting for the WNET Group in New York, the Fred Rogers Company, and public media stations throughout Florida.
At a time when interviews with the former president are a common talk media occurrence, Root tells TALKERS the interview was significant for several reasons. “First, while I’ve done 16 interviews with President Trump (even he admits this might be the all-time media record), he was always my guest on the phone… this was my first exclusive, face-to-face, one-on-one TV interview. Second, this might have been the last interview he did before Sunday’s assassination attempt. I’m so proud I opened and closed the interview by telling him, ‘My fans and I pray for you every day. We appreciate everything you’ve done for us and this country. Thank you and God bless you.’ And third, when President Trump said a certain slide about illegal immigration saved his life… I corrected him and said, ‘God saved your life. And he continues to protect you – because I believe you are the chosen one – chosen by God to save this country, and economy, and secure this border, and make America great again.’” Root concludes, “I’m so proud I said all of that considering what happened the next day that could have changed the future of this country. He needed to know how much he is loved and appreciated by the American people.”
“Our industry is going to take a while to reset itself, like the newspaper industry,” he said, estimating that this “reset” would come in 10 years, or not at all. “This might be the new normal.” Pictured above: Adell (l) with radio historian and videographer Art Vuolo (r). Vuolo tells TALKERS, “He invited me to video in studio the launch of Super Station 910 the first week of September a year ago as he re-branded WFDF-AM 910 as news/talk. He wanted to go after WJR, but with mostly syndicated programming from Premiere Networks. Interestingly 910 now with 50 kw is the third biggest AM signal in Michigan!” For more info, see the entire Detroit Free Press article here.
Mentoring and Inspiring Women in Radio, Inc. (MIW), a 501(c)(3) non-profit organization dedicated to the advancement of female leadership in radio broadcasting, and the National Association of Broadcasters Leadership Foundation (NABLF), name Rachel Haggerty as the 2024 MIW NABLF Launch Program mentee. Started in 2023, Launch is a partnership between MIW and the NAB Leadership Foundation dedicated to supporting and guiding women in radio who are relatively new to the industry.
The first of its kind, this program fosters the development and curation of talent. Haggerty graduated from Seton Hall University in 2019, where she was actively involved with WSOU-FM, serving as assistant technical operations director and later as student manager. After graduation, she completed the National Association of Broadcasters Technology Apprenticeship Program, interning with iHeartMedia’s New York City radio stations. She then worked locally and with a national support team at iHeartMedia before becoming the assistant chief engineer at WABC-AM. Since 2023, she has returned to iHeartMedia New York, working with Premiere Networks on nationally syndicated talk shows. Rachel is also an active member of the Society of Broadcast Engineers and holds a Certificate in Broadcast Radio Engineering.
Harrison addressed the issue of artificial intelligence’s impact on talk show hosts as well as society in general presenting a mixed forecast of both good and bad news. To watch the video in its entirety please click here 
He purchased his own station – WTON, Staunton, VA after serving the Charlottesville market for years as morning host of WCHV. Now he has put his morning talk show into syndication through Talk Media Network. It has already been cleared on WZXI in Lancaster, KY and WTTB on Florida’s ‘Treasure Coast’ (as well as his own WTON in Central Virginia). Joe tells TALKERS, “This is such an honor to work with people like Josh Leng and Willis Damalt at TMN. We’re up every morning to help the new listeners get their day started just like we have been for over 20 years!” He adds, “Just like that ‘other’ guy named Thomas [Jefferson] from Charlottesville, my show promises free speech and independence and I hope that it too spreads across America.” For information about “Joe Thomas in-the-morning,” contact Willis Damalt at TMN. 917-603-7148 or
Fox Weather Names Former Weather Channel Exec Jason Hermes as VP/Ad Sales and Partnerships. FOX Weather, FOX News Media’s free ad-supported streaming television “FAST” weather service, has hired Jason Hermes as vice president of advertising sales and partnerships, announced Trey Gargano, EVP of FOX News Media advertising sales. Hermes, who was most recently the VP of content marketing sales at The Weather Channel, began his new role yesterday (9/10) reporting to Dan Realson, SVP, FOX News digital sales. Gargano said, “We are thrilled to welcome Jason to the FOX Weather team as we’re certain his decades of experience in developing and executing innovative strategies will help drive monetization and operations across our growing weather platform.” Hermes tells TALKERS, “In just three years, FOX Weather has become the fastest growing weather service in the country, and I am excited to work with the team to help drive further innovations and brand expansions.” FOX Weather is a 24/7 free ad-supported television service (FAST) operated by FOX News Media.
Dickey Broadcasting Company (DBC) appoints Andy Roth as director of programming for DBC’s heritage sports-talk radio station, Sports Radio 680/93.7FM The Fan, Atlanta. A 30-year radio veteran, Roth takes the reigns of the region’s oldest sports radio station – home of the Atlanta Braves, the Georgia Tech Yellow Jackets, and the Official Sports Talk Station of the Georgia Bulldogs. Prior to joining Atlanta-based DBC, Andy had been the sole brand manager for 92.3 The Fan in Cleveland since it signed on in 2011.
“We are thrilled to welcome Andy Roth to the Dickey Broadcasting Company family,” says David Dickey, president of DBC. “His extensive experience and strategic acumen will be instrumental in driving our programming and content-creation strategies forward to provide Atlantans and the region’s sports fans with the best shows, insight, and analysis. We are very confident that Andy’s experience and leadership will help us achieve new levels of consumption and listener engagement for our listeners, our team partners, and our great sponsors.”
One More Debate Story Out of Philly. We must share this with you. Last night’s spectacular was a bonanza of activity for Audacy’s swing state news/talk giant WPHT (as is this entire election). The station is the home of Walter M Sterling’s idiosyncratic “Sterling Every Damn Night” 9:00 pm – 12:00 midnight. Sterling (a.k.a. Walter Sabo) aired the entire debate followed by probing analysis from a male entertainer, “Donald Trunk,” in addition to “Steven a baker and bakery owner,” “Thea Landen, a smutty book author,” “Celena Ballerina a senior in college” and the station’s real midday host Dom Giordano. For one hour, they discussed how crappy their food and electrical bills are as well as how confusing the debaters were. A caller thanked Thea for her nightly smutty book readings stating, “She reminds me of my wife.”
as well as streaming on the WGMD app, and TalkOfDelmarva.com. That will be accompanied by a real-time, interactive blogging event at RealNewsTalk.com. FOX News Media will present live coverage surrounding the debate with special programming available across all of FOX News Media’s key platforms, including FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Audio and FOX Nation. Cumulus media/Westwood One host Dan Bongino will host a special live edition of his podcast on Rumble preceding and during the debate beginning at 8:00 pm ET.
The annual Grassroots Radio Conference 2024
Longtime talk media host, commentator and director of the
WABC, New York/Red Apple Media owner/CEO John Catsimatidis continues to add intriguing live elements to the lineup of his radio station and leverage them into product for his growing syndication platform, Red Apple Audio Networks. The latest such addition to the station and network is unapologetically controversial political strategist Roger Stone. Since the 1970s, Stone has worked on the campaigns of Republican politicians, including Richard Nixon, Ronald Reagan, Jack Kemp, Bob Dole, and most recently, Donald Trump. Stone’s show is heard on WABC, Sunday afternoons from 3:00 pm to 6:00 pm ET. The first two hours focus on national and world news and are available to radio stations across the nation via the Red Apple Audio Network. The third hour is specific to WABC and issues focused on the New York area. In making the announcement about his new association with Stone, Catsimatidis tells TALKERS, “His insightful commentary on the political landscape and what’s ahead for America will be of tremendous value to our listeners in New York, around the country, and around the world.” Stone adds, “John has done a great job bringing in big names from politics, business, and entertainment and I’m looking forward to enjoying being on the radio, sharing my perceptions about what’s going on in Washington and the world, and connecting with listeners across America.”
Salem Radio Network talk host (and former political candidate) Larry Elder will host a two-hour Trump/Harris Pre-Debate Special from 7:00 pm to 9:00 pm Eastern next Tuesday, September 10th prior to the start of the ABC News debate between former President Donald Trump and Vice President Kamala Harris.
The program will air live on the Salem Radio Network (SRN) and on Salem News Channel (SNC) and will feature analysis and insight from Elder, as well as SRN/SNC talk hosts Mike Gallagher (reporting live from a debate-watching party in Tampa),
Dr. Sebastian Gorka, and Dennis Prager. Additional perspective on the issues facing America in advance of the debate will be supplied by Tony Perkins, president of D.C.-based Family Research Council and host of the weekly Salem Media Group news program, “This Week on the Hill.” Phil Boyce, Salem’s SVP/spoken word formats, tells TALKERS, “Larry Elder’s solid experience as a talk show host – as well as perspective he gained as a candidate for Governor of California and President of the United States – makes him uniquely qualified for this pre-debate special role. His insight and knowledge are unmatched.”
NOTE: Current SRN Larry Elder affiliates will receive the special as Hour #2 and Hour #3 on Tuesday’s (9/10) program; non-Elder stations wishing to clear the special can contact the Salem Radio Network affiliate representative for their region: East of the Mississippi,
Michael Berry has been added to Premiere Networks all-star line-up of nationally-syndicated talk talent. Effective October 7, Houston’s top-rated talk show host will be available to stations nationwide on a two-hour weekday evening program. Currently heard on 25 affiliates in independent syndication across the U.S., “The Michael Berry Show” will continue to originate from iHeartMedia Houston’s NewsRadio 740 KTRH in the 5:00 pm to 7:00 pm CT weekday timeslot. “The Michael Berry Show” features the colorful radio personality and “Czar of Talk” as he discusses news, politics, and culture with his insightful and straightforward commentary that’s accessible to a broad range of listeners.
“I’m fired up to join the team that brought Rush Limbaugh, my hero, to America, alongside my talented friends Clay Travis, Buck Sexton and Jesse Kelly, and legends like Sean Hannity and Glenn Beck,” Berry tells TALKERS. “Being a part of the talk radio industry is already a literal dream come true, but being supported and represented by Premiere, the best in the biz, is big time.” “Michael has become one of the top voices in the world of talk radio, and we’re excited to expand his program to even more stations across the country,” said Julie Talbott, president of Premiere Networks. “His relatable style, keen intellect and deep connection with listeners drive success for affiliates and sponsors alike, which are qualities we look for in our syndication partners.” Ranked at a lofty #7 on the TALKERS Heavy Hundred, Berry is one of the most original conservative voices in talk media. With a career spanning over two decades, his radio journey began in 2005 with his weekend program, “Michael Berry’s Real Estate Review,” on NewsRadio 740 KTRH. His success led to a weekday talk show on Talk Radio 950 KPRC, where he quickly gained a loyal following. During that time, he also hosted various timeslots on KPRC, in addition to serving as operations director for KTRH, KPRC, and KBME from 2007 to 2011. Before his radio career, Berry served as a three-term Houston City Council member and Mayor Pro Tem. During his tenure, he was named “Councilman of the Year” by the Houston Police Officers Union. He holds a B.A. in Political Science from the University of Houston, a J.D. from the University of Texas School of Law, and an LL.M. in International Commercial Law from the University of Nottingham. He has worked as an attorney, real estate developer, and restaurateur. Berry is a passionate supporter of veterans’ causes serving as the national spokesman of Camp Hope, which assists veterans and their families beating PTSD. He does an annual drive for St. Jude Children’s Research Hospital and hosts an annual adoption and fostering special, as well as yearly specials focused on mothers, fathers, veterans, law enforcement and teachers. Berry resides in Houston with his wife, former Texas Secretary of State, Nandita Venkateswaran Berry, who hails from India, and their two sons, both of whom were born in Ethiopia. For more information, click here to visit his website.