Industry Views

Monday Memo: Sayonara CBS

By Holland Cooke
Consultant

imgAlthough I don’t have a machine to play it, I have saved the cart. December 9, 1980, the sad morning-after John Lennon died, Charles Osgood, doleful: “I read the news today. Oh boy.” That morning’s CBS World News Roundup – and on-hour newscasts throughout that day – delivered more moments that would keep you sitting in a parked car at your destination. As they would 3 months later when President Reagan was shot. Then soon again when Pope John Paul II was severely wounded in St. Peter’s Square. And five years yonder, when the Space Shuttle Challenger exploded just 73 seconds into its flight.

There have been countless other such moments we emotionally bookmark. But it is the dependable day-in-day-out certainty of its on-hour newscast – what we programmers call “a benchmark” – that we will miss most after Friday, when CBS News Radio ends. Among the stories they will cover that day: Stephen Colbert’s CBS “Late Show” finale the night before.

The CBS Radio Network would have turned 100 next year. It sent home the sounds of war, live from a rooftop: “This… is London,” reported by Edward R. Murrow, whose name adorns the news award broadcasters still strive for. His trademark sign-off “Good Night and Good Luck” titled a 2005 biopic directed by George Clooney, who starred in last year’s ambitious Broadway production (available on Netflix). The New York Times: “Clooney makes Edward R. Murrow a saint of sane journalism for a world that still needs one.”

“It’s no secret that the news business is changing radically, and that we need to change along with it,” is the CBS corporate spin. But neither supply nor demand failed. What failed is the supply chain, 1996 deregulation run-amok. And news/talk stations have borne the brunt of it. Depopulated of local talent and starved for promotion and other resources allocated to co-owned music stations now losing to streaming, too many talk stations became angry, non-local, one-sided political caricatures, too predictable to seem vital. Other stations, with diligent owners hellbent on Doing It Right, are all-the-more conspicuous. They will continue to succeed, even without precious CBS assets. But those stations are anomalies, now outnumbered by others in unattended operation mode, some of which could end up broadcasting dead air on-hour Saturday morning.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

Red Apple’s News Network Announces Journalist Hires; Announces Launch Date of May 23

Red Apple Audio Networks will launch its 24-hour national radio news service – Worldwide News Network – on Saturday, May 23. The company says the previously announced venture led by VP of news Lee Harris will deliver to stations “professionally produced top and bottom of the hour newscasts every hour, seven days a week, while simultaneously igniting one of the most aggressive newsroom staffing initiatives in radio imgsyndication.” Red Apple says is has brought aboard former CBS Radio broadcast journalists Michael Wallace, Cooper Lawrence, Bill Rehkopf, and Matt Pieper as “the first major hires in what will be a rapid buildout of the network’s team of elite news anchors, correspondents, writers, and producers.” Harris says, “We are assembling top-tier journalists and building a modern radio news operation rooted in speed, authority, and facts – one that stations can rely on and listeners can trust.” Red Apple Media owner and CEO John Catsimatidis adds, “Our mission is to be the most trusted news gathering organization in media. We are creating a powerful, around-the-clock newsroom designed to compete at the highest level of broadcast audio news. Facts are what will drive the Worldwide News Network. We’re looking forward to our expansion in the European markets.”

Industry News

Connoisseur Sells South Dakota Stations

Connoisseur Media is selling six South Dakota stations to local operator Riverfront Broadcasting led by Doyle and Carolyn Becker. The stations imginclude news/talk stations KSDR-AM and KWAT-AM in Watertown along with four music-formatted signals. Connoisseur CEO Jeff Warshaw says, “Riverfront Broadcasting being a South Dakota-based company, understands the local market and can carry on providing local content and will excel in serving the community.” Riverfront president Carolyn Becker comments, “We are very happy to bring local ownership and local focus back to these great stations in the community.”

Industry News

Mark Kaye Launches AI-Powered Media Analysis Tool

Radio personality and podcast host Mark Kaye is releasing what he calls a “first-of-its-kind artificial intelligence tool that lets users expose bias, spin, and missing context in news headlines and articles in real time.” It’s called RightPen.ai and Kaye tells TALKERS he’s making the tool imgavailable to radio hosts and producers free of charge. Kaye says, “I built this for me. I needed a faster way to break down what the media was actually saying versus what they were leaving out. Then I showed it to a few people. Then a few more. And it hit me. Every American deserves this tool. Not just hosts. Not just journalists. Everyone.” Kaye says RightPen.ai’s signature feature is the trademark Red Pen Correction Tool, which marks up news articles and headlines the way an English teacher marks up a bad essay. Bias gets circled. Spin gets crossed out. Missing context gets added in. The corrections appear directly on the article itself. Hosts or producers interested can reach out to Mark Kaye at support@rightpen.ai.

Industry Views

SABO SEZ: Jay Clark, A Real Program Director

By Walter Sabo
A.K.A Walter Sterling
Host, The Other Side of Midnight
WABC, New York / Red Apple Audio Networks

imgJay Clark was the first program director of WABC as a talk station. He set the tone and path for modern talk radio. This week I had Jay on as a special guest on the Red Apple Audio Networks all night show, “The Other Side of Midnight.” We celebrated the anniversary, May 10, (1982) of WABC’s switch from music to talk on the giant signal at 770 AM.

There could not have been a better owner at launch: ABC Inc. Facts about ABC Inc (that’s it, it was just ABC Ink):

  • ABC Inc. had launched KABC, Los Angeles and KGO, San Francisco in the mid 1960s. By 1982, when WABC switched to talk, those two stations were golden businesses. KABC was the highest grossing station in any imgformat in America. KGO was the killer biller in San Francisco. The execs who ran them were mighty proud: Ben HobermanEd McLaughlinAl RaccoChuck Debere. Yes, they ran those stations, but they also invented the caller-driven talk format. There were other winning talk stations, but they were guest centric rather than listener centric (i.e. WOR, WGN). At the time, there were 43 stations listed as “talk” stations. 43. Not many models.
  • Clark explained that KABC and KGO took 10 years to turn a profit. The business assumption was that WABC would also take 10 years to achieve that goal. Audience research, which came back after the switch, showed it would take 10 years to win a viable audience. 10 years was fine with ABC management. That’s what it would take. It took 11.
  • WABC launched primarily as live and local. Upper radio management was passionate about the talk format, they freakin’ loved everything about it. They understood its prestige. It was and is a sales format. Management nurtured talk radio and evolved it. They were committed to talk and understood the key fact for growth: YOU CAN’T SAVE YOUR WAY TO SUCCESS. At the time management’s love was essential to success because New York’s feelings for WABC as a rocker ran deep, and not many citizens or clients were in a hurry to witness its end. They were, however, in a hurry to tune to the FM band.

When walking the halls of WABC during the first talk year, one could feel the excitement and the pride. Those feelings permeated the airwaves and propelled success. One can’t find feelings on a spreadsheet, one can’t find success on a spread sheet either.

The return of feelings

When John Catsimitidis bought WABC, pride and passion returned to the halls and to the air. John and bride Margo love the station, the staff, the format, and the potential. “Cats” and station president Chad Lopez have a simple goal: “We want it to be number one.” You would be shocked at how many managers I’ve met who will never be number one – of any format – because they don’t want to be. They actually say they don’t want to be number one… or can’t.

As of today, as it was at launch, WABC’s owner is proud and passionate and will be number one. PD Kevin Droesch is very much in the Jay Clark school of understanding talent and winning.

Sure, sure you could be a cynic and assume I’m writing this because I work for Red Apple Media. But I don’t assume that you’ve met me.

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 “The Other Side of Midnight” is heard on WABC, New York and the Red Apple Audio Network 1:00 am – 5:00 am. 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.  He can be phoned at 646-678-1110.

Industry News

Red Apple to Acquire WCRN-AM, Worcester

Red Apple Media files applications with the FCC to acquire WCRN-AM, Worcester, Massachusetts from Carter Broadcasting for $1.45 million. This will be the first signal acquired by John Catsimatidis’ media imgcompany outside of the New York City market. The station is currently airing a news/talk format of local, syndicated and brokered programming. Local air personalities include the daily morning show hosts Hank Stolz and Ben White (“Talk of the Commonwealth”) and longtime New England talk host Frankie Boyer who is heard in middays. Red Apple will assume operations under a local marketing agreement until the deal closes. Red Apple and Catsimatidis have made no indication of the company’s intent for future programming.

Industry News

Newsmax Hits Social Media Follower Mark of 25 Million

Newsmax says that it has hit a major milestone in its digital expansion, surpassing 25 million followers across all social media platforms. The company says that its continuous and significant growth in social media followers – up 25% from a year ago – underscores the brand’s img“accelerating reach and deepening engagement with audiences nationwide.” Newsmax CEO Christopher Ruddy comments, “This growth shows that Newsmax is truly touching a nerve with audiences. We are continuing to execute on our strategy to reach all people on all platforms, and the results speak for themselves. Passion for our brand remains incredibly strong. We’re seeing audiences actively seek out Newsmax across platforms, share our content, and become part of a growing community that values our reporting and viewpoint.”

Industry News

WURD, Philadelphia Hosts Event at Philly Tech Week

As part of Philly Tech Week, WURD Radio is hosting “Ready, Set, Grow: Digital Business Foundations” tomorrow (5/7) from 6:00 pm to 8:30 pm at P4 Hub. The station says the free event brings together entrepreneurs, small business owners, and industry experts for a practical conversation imgon how to use digital tools and strategies to grow and compete in an increasingly digital marketplace. Especially as the city of Philadelphia prepares for a surge of global visitors tied to events including the FIFA World Cup, America’s 250th anniversary, and the MLB All-Star Game, local businesses face a potentially golden opportunity. “Ready, Set, Grow: Digital Business Foundations” is designed to ensure they are prepared to capture that opportunity by strengthening their digital presence, improving customer experience, and increasing visibility. The evening will feature a fireside chat and panel discussion moderated by author and tech influencer Stephanie “TechLifeSteph” Humphrey, host of “Life & Tech” on WURD Radio.

Industry News

“America at Night with McGraw Milhaven” Adds 25 Affiliates

Cumulus Media’s Westwood One says “America at Night with McGraw Milhaven” has added  25 new affiliates since the launch of the show in December, expanding the show’s national footprint to 280 affiliates coast imgto coast. New station partnerships include WCCO-AM, Minneapolis; KTRS-AM, St. Louis; WPRO-AM, Providence; and KCMO-AM, Kansas City. The show airs live weeknights from 9:00 pm to 12:00 midnight ET. Westwood One says, “McGraw Milhaven delivers appointment listening for late-night audiences, featuring host McGraw Milhaven’s signature mix of compelling interviews, sharp analysis, and positive energy listener interactions. Milhaven brings both authority and approachability to national late-night talk radio – offering a fresh, contemporary voice grounded in experience.”

Industry News

WWO: Programmatic Audio Buying is Soaring

Today’s blog post from Cumulus Media | Westwood One’s Audio Active Group reports on the results of a March 2026 Advertiser Perceptions study of 301 advertisers and agencies about programmatic buying. The results indicate that 82% that currently use programmatic audio advertising. Some of the findings of the study include: 1) 82% of agencies and imgadvertisers are currently buying audio programmatically, up two times from 2022 (41%); 2) The most used programmatic audio demand-side platforms are Google Display & Video 360, The Trade Desk, and Amazon DSP; 3) Among publishers, the most utilized supply-side platforms for digital audio ads are Google Ad Manager, distantly followed by Amazon Publisher Services, Open X, and PubMatic; 4) Among those who purchase podcasts, Google DV360, The Trade Desk, and Amazon’s DSP are the most utilized demand-side platforms; and 5) Recent announcements from Amazon Ads indicate a major expansion of over-the-air AM/FM radio and audio advertising capabilities within the Amazon Demand Side Platform. Regarding that last point, the study notes that those moves “focus on bridging the gap between traditional broadcast AM/FM radio and digital, programmatic buying, allowing advertisers to use Amazon’s first-party signals for targeting and measurement.” See the blog post here.

Industry News

Lee Harris Joins Red Apple as Company Launches The Worldwide News Network

Red Apple Media is unveiling its new global audio news platform “created to deliver fair, balanced, and real-time reporting to listeners across the United States and around the world.” The new service is called The Worldwide News imgNetwork, and Red Apple has recruited New York radio news legend Lee Harris to serve as vice president of news for WABC Radio and The Worldwide News Network. The company says, “The move positions WABC Radio and Red Apple Audio Networks for a dramatic next chapter, transforming the iconic New York news/talk station’s reach into a 24/7 global audio news presence fueled by streaming technology, smart speakers, mobile platforms, syndication, and digital distribution.” Red Apple owner John imgCatsimatidis says, “Today’s digital technology gives us the power to deliver the truth instantly, not just across America, but across Europe and around the globe. WABC Radio is already heard in all 50 states and in 178 countries through our multi-platform distribution. The Worldwide News Network is the natural next step in building a global destination for fair, balanced, no-nonsense news people can trust.” Lee Harris was the morning news anchor at 1010 WINS in New York for 30 years. Additionally, he has advised broadcasters throughout Europe and Asia, helped launch Moscow’s Kommersant FM as a U.S.-style all-news station, lectured at television and radio outlets across China through the University of Missouri School of Journalism, and served as director of integrated operations and New York bureau chief for cable startup NewsNation. Harris comments, “John Catsimatidis has never thought small, and this venture is no exception. The Worldwide News Network is an ambitious, forward-looking news platform designed for how people consume information today. I am thrilled to join Red Apple Media and WABC Radio at such a transformational moment and help build a news organization with both national strength and international reach.”

Industry News TALKERS 2026

John Catsimatidis Set to Keynote 28th TALKERS Conference Heading Stellar Lineup of 60+ Speakers

WABC, New York / Red Apple Audio Networks owner John Catsimatidis has been named keynote speaker for TALKERS 2026: Radio’s Next Chapter set for Friday, June 5 on the campus of Hofstra imgUniversity on Long Island. TALKERS publisher Michael Harrison states, “The selection of ‘Cats’ as keynoter is in keeping with one of the major themes of this year’s edition of the iconic industry event – radio, talk media, and entrepreneurism.  John Catsimatidis is presently setting the greatest example of entrepreneurism at work in giving an injection of much needed energy, focus and life to the medium of radio.”  Harrison will serve as facilitator of the presentation in a Q&A / interview style format – a role he has played before with the dynamic billionaire media, grocery, and energy mogul.

imgCatsimatidis will be joined by more than 60 speakers comprised of legendary industry figures as well as fresh faces and rising stars. A detailed agenda including speakers and schedule – a “who’s who” of industry luminaries – will be posted in TALKERS this coming Tuesday (4/28).   See the link below for the names of all speakers booked to date.

The power-packed, one-day agenda is being organized and designed to address the field of talk media’s most pressing and existential issues. imgHarrison continues, “This important conference will illuminate the forward path of the expanding talk media universe, including all aspects of digital communications from AI and podcasting to streaming networks. As has been its tradition, this latest TALKERS conference will approach the onrushing future of the talk business from a radio perspective. This crucial gathering will cover the new undeniable realities of the radio business for those who not only want to survive but thrive as well. It will be about opportunities, networking, and entrepreneurism for individuals in talent, programming, sales, marketing, and management who are serious about staying in the game.”

Attendance at the conference is only open to members of the working media and directly associated industries as well as students enrolled in accredited learning institutions. All attendees will be required to register in advance on the phone payable by credit card. Because attendance will be limited to maintain intimacy, the conference is again expected to be an early sellout. The all-inclusive registration fee covering convention events, exhibits, food, and services for the day is $260. All registrations are non-refundable. This power-packed, one-day event is being presented in association with Hofstra’s multi-award-winning station, WRHU Radio, and the school’s Lawrence Herbert School of Communication.

For more detailed agenda info please click here 

Conference Registration and Hotel Information

To register for TALKERS 2026: Radio’s Next Chapter or to obtain sponsorship information, call Barbara Kurland at 413-565-5413.

To book a hotel room at the nearby Long Island Marriott – Uniondale, please click here: www.TalkersRoomRate.com  or call 516-794-3800 and mention TALKERS 2026.  Act quickly because the number of rooms available at the hotel for this event are limited.

Industry News

TALKERS News Notes

Triton Digital Collaborates with Nielsen Audio. Nielsen and Triton Digital are collaborating to integrate Triton Digital’s Podcast Metrics Demos+ into Nielsen’s cross-media planning tool, Nielsen Media Impact (NMI). Managing director of Nielsen Audio Rich Tunkel says, “Our collaboration with Triton Digital makes it easier for advertisers to evaluate and plan podcasts alongside, and with the same level of precision, comparability and confidence as other media channels, delivering a critical need.”

Seaboard Networks to Distribute Wrestling Show. Seaboard Networks is now distributing “Wrestling with Heart by Stanley Karr” – a one-hour program hosted by wrestling fanatic Stanley Karr. Seaboard’s marketing solutions consultant Bob Stei states, “Wrestling has a fan base of millions of people. This is a good place for them to enjoy banter on their favorite topic.”

Nielsen Names DeTraglia to Executive Post. Nielsen is appointing Julie DeTraglia head of content and strategic insights. In this role, she’ll lead strategy for Nielsen’s editorial marketing content, which includes social media, insights articles, client communications, events, sales enablement tools and podcasts. Nielsen head of global marketing Sacha Weinberg states, “Julie has a rare talent for transforming data into clear, actionable strategy. She doesn’t just look at where the market has been – she identifies the signals that tell us where it’s going next. Her ability to synthesize deep historical insights with current market dynamics will be a gamechanger for how we deliver value to our clients in a constantly evolving landscape.” DeTraglia most recently served as vice president of ads measurement at Netflix.

Industry News

Report: SiriusXM in Talks to Acquire iHeartMedia

According to a report by Lauren Hirsch and Benjamin Mullen in The New York Times, SiriusXM is in the early stage of talks to acquire iHeartMedia. The report notes that neither company responded to imgrequests for comment. The report states, “Liberty SiriusXM Group, once an affiliate of John Malone’s media empire, formerly held significant stakes in both companies. But it eventually sold its stake in iHeartMedia, primarily a broadcast radio company, and split off its ownership of SiriusXM, the satellite radio company, into a separate entity.” The story goes on to underscore that the talks are in the early stages, and a deal may not take place. See the Times story here.

Industry News

Marketing Execs Launch Bubbler; Announce Partnership with iHeartPodcasts

Marketing pros Gayle Troberman, former CMO for iHeartMedia and David Alberts, former chief creative officer for Grey London are launching Bubbler Media Group, a “conversation company designed to break the marketing cycle of safe thinking and predictable playbooks.” The company’s press release says Bubbler “is a marketing company designed for marketers by marketers built to spark and scale human conversations as a catalyst for ideas and growth. Through imgprovocative podcasts, unexpected live experiences, and new research, tools and planning solutions, Bubbler is designed to get brands into the conversation in fresh ways.” As part of its launch, Bubbler announces a partnership with iHeartMedia to develop and distribute a slate of original business and marketing podcasts, with more than 10 original podcasts slated for this year. President of iHeartPodcasts Will Pearson says, “The iHeartPodcast Network has always been focused on the new genres and audiences we can reach through this incredible medium – and the ‘business-to-business’ space is a perfect example of that. Creating a slate in podcasting for marketing executives to have meaningful, deep conversations with each other about the world of business and advertising will have immense value for our listeners and brand partners alike.”

Industry Views

TALKERS Books Announces Publication of Playing the Clip: The Digital Media Creator’s Legal Guide to Fair Use

TALKERS Books announces the release of, Playing the Clip: The Digital Media Creator’s Legal Guide to Fair Use, by media attorney (and imgTALKERS magazine associate publisher) Matthew B. Harrison, a work designed for today’s news/talk media environment where audio, video, screenshots, and quotes are not just supporting elements – but serve as the actual content itself. This technique has become particularly prevalent on YouTube and even cable news/talk TV but increasingly appears in audio form as what used to be called “actualities” – sound from another source.

The book introduces and defines what TALKERS identifies as the “Play the Clip” technique: the now-standard practice across broadcasting, podcasting, streaming, and social platforms of presenting the source material rather than merely describing it. Although this practice has become ubiquitous, it leaves content creators and providers vulnerable to legal ambiguity, uncertainty, and consequences.

At a time when creators increasingly rely on third-party media to inform, critique, and engage audiences, Playing the Clip addresses a persistent gap between how content is created and how the law evaluates it. Theimg book explains the legal concept of fair use not as a permission structure, but as a legal defense raised after copying has already occurred – an uncomfortable but essential distinction that underpins the entire analysis.

Rather than offering abstract theory or checklist-style guidance, the book focuses on how courts actually evaluate real-world uses. It examines the operational realities creators face: platform incentives, inconsistent enforcement, monetization pressures, and the false sense of security created by what “everyone else is doing.”

The central premise is straightforward: infringement is the starting point, not the conclusion- and fair use, when it applies, is the justification that must be built from there.

Playing the Clip is now available:

  • Print Edition (Amazon): $24.95
  • Kindle Edition (Amazon): Limited-time promotional price of $1.00

Free to TALKERS subscribers

In addition, TALKERS is making the book available at no cost to its readership for a limited time.

Below is a form just for TALKERS readers. Just submit your email address to receive access to a free digital copy, available in either EPUB or PDF format, depending on preference. This offer is intended to ensure that working media creators -regardless of platform or budget – can access the material during its initial release window. To receive a free book, please click here.

Industry News

Top News/Talk Media Stories This Past Week (April 20-24)

Here are the most talked about stories of the past week (4/20-24) on news/talk radio and related talk media according to TALKERS:

Stories

  1. U.S.-Israel-Iran War / Negotiations Stalemate
  2. Strait of Hormuz Status / Gas Prices / Financial Markets
  3. GOP Plan to Fund ICE
  4. Navy Secretary Ousted
  5. Virginia Redistricting Issue
  6. Warsh Confirmation Hearings
  7. Tucker Carlson Laments Trump Support
  8. Lori Chavez-DeRemer Resigns as Labor Secretary
  9. S. Rep. Sheila Cherfilus-McCormick Resigns
  10. Patel Sues The Atlantic

People

  1. Donald Trump
  2. JD Vance
  3. Scott Bessent
  4. John Thune
  5. John Phelan
  6. Jack Hurley
  7. Kevin Warsh
  8. Tucker Carlson
  9. Lori Chavez-DeRemer / Sheila Cherfilus-McCormick
  10. Kash Patel

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Cumulus v. Nielsen: Harm Has Already Happened

The latest court filing in the Cumulus v Nielsen monopolistic practices suit tells the court it is no longer asking it to prevent harm, it’s asking the court to recognize that the harm has already happened. The filing states: “After a three-day evidentiary hearing, the District Court ruled for Cumulus, finding that Nielsen’s unlawful tying would irreparably injureimg Cumulus’s relationships with advertisers, goodwill, and market share, and push it towards financial collapse. The District Court accordingly enjoined Nielsen’s anticompetitive conduct. imgNielsen’s brief attacks those findings as speculative, asserting that Cumulus never showed any real risk of bankruptcy or any other non-compensable harm, but one of those irreparable harms has now come to pass: After a motions panel stayed the injunction, Cumulus declared bankruptcy—citing “the Nielsen network tying policy” as a significant contributing cause. The other harms identified by the District Court remain today and have become increasingly urgent, as Cumulus will lose access to Nationwide this September.” TALKERS associate publisher and Harrison Media Law senior partner Matthew B. Harrison comments, “Cumulus has fundamentally shifted the posture of this case. What began as a forward-looking claim of irreparable harm is now being presented as a realized outcome, following its Chapter 11 filing. The appellate court is no longer being asked to prevent potential damage, but to assess whether the harm that has already occurred can be attributed to Nielsen’s challenged conduct — or to broader economic pressures facing the radio industry.”

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Industry News

Bankruptcy Court Approves Cumulus’ Plan of Reorganization

The next step for Cumulus Media in its Chapter 11 reorganization is the Federal Communications Commission after the United States Bankruptcy Court for the Southern District of Texas yesterday (4/15) approved itsimg previously disclosed Plan of Reorganization. Cumulus Media president and CEO Mary G. Berner says, “When we initiated this prepackaged restructuring in March, we did so with a clear objective: to right-size our balance sheet to support long-term success. The court’s prompt approval of our plan keeps us firmly on track to eliminate approximately $600 million in debt and positions us to emerge with a significantly stronger financial foundation. We look forward to completing the restructuring and emerging as a well-capitalized company, better equipped to compete in the evolving audio landscape.”

Industry News

Shapiro Joins CNN as Contributor

Former longtime NPR journalist Ari Shapiro joins CNN as a contributor. CNN says, “Shapiro will bring his distinctive voice and signature wit to CNN’s on-air and digital programming, and will co-host a new video podcast titled, “Engagement Party,” alongside longtime colleague and friend, CNN anchor and analyst Audie Cornish. CNN says that on “Engagement Party,” Cornish and Shapiro will share the culture and ideas they’re engaging with – and why they’re obsessed. It will premiere on Friday, May 22.

Industry News

WWO: Marketers Underestimate Value of Creative

Today’s blog from Cumulus Media | Westwood One’s Audio Active Group reviews the annual study it commissions from Advertiser Perceptions in which it surveys brands and media agencies on the sales contribution of five advertising effectiveness factors: brand, creative, reach, recency, and targeting. As in the past marketers and media agencies massivelyimg understate the immense sales effect power of creative. Some 122 marketers placed creative as the third most important contributor toward driving sales behind targeting and brand. But the reality based on analysis of 450 ad campaigns indicates creative is far and away the most important driver of sales. Both marketers and agencies place the greatest importance on targeting. Experts caution that too narrow targeting is ineffective. See the full blog post here.

Industry News

Pearson Acquiring KISR-FM, Fort Smith for Sports Talk

Pearson Broadcasting Group is acquiring KISR-FM, Fort Smith, Arkansas from Baker Family Trust and the company plans to use the signal for its “ESPN Arkansas” sports format in the Fort Smith market. In a statement, Pearson says, “This marks a significant expansion for Pearsonimg Broadcasting and ESPN Arkansas, which will now serve all the Fort Smith, Hot Springs, Northwest Arkansas, Harrison, Mountain Home, and much of Eastern Oklahoma. Top rated KISR will continue to serve the River Valley from just below its previous dial position, moving to 93.1 FM.” ESPN Arkansas general manager Tommy Craft adds, “We are excited to expand and grow the footprint and coverage areas of our ESPN Arkansas radio stations. The addition of a 100,000-watt station to our roster of current stations is a true game changer. Fred Baker and KISR have spent more than 55 years building something that is far more than just a radio station for so many people, and we are humbled to be able to continue that kind of commitment to listeners. We live in a state where the sports we love and the daily conversations about the teams we follow matter. The opportunity to expand our coverage so that more of the great people in Arkansas can join in the conversation with our live and local sports talk radio shows is a thrill, and we cannot wait to get started.”