Industry News

Greiner Nashville-Bound As iHM Metro President

Howard GreineriHeartMedia’s area president for New York markets Albany and Poughkeepsie, as well as Sussex (New Jersey), Howard Greiner, transfers to Nashville where he becomes metro president.  He will report to iHeartMedia division president Nick Gnau. Greiner will oversee all aspects of operations across multiple platforms, including broadcast, digital, mobile, social, and live events. According to iHeartMedia markets group president Hartley Adkins, “Nashville is an extremely important market for iHeartMedia. Howard continues to demonstrate strong leadership. With his expertise in media, advertising, and sales, I am confident he will build upon the incredible success and strong reputation that iHeartMedia Nashville has with its listeners, advertising partners, and the community.” Before joining iHeartMedia, Greiner held various executive roles in media and advertising. He spent two decades in Nashville. Included in iHM’s six-station Nashville cluster are news/talk WLAC and Black Information Network news affiliate WNRQ-HD2. Among persons 6+ in Nielsen Audio’s July 2024 sweep, WLAC (1.3) and WNRQ-HD2 (.3) finish at #18 and #21, respectively.

Industry News

Judge Approves Audacy’s Extension Request For D-I-P Loans

AudacyEarlier this week (8/14), TALKERS reported the United States Bankruptcy Court for the Southern District of Texas Houston Division approved Audacy’s prepackaged plan for reorganization under Chapter 11 on February 20 (2024). The company was awaiting the FCC’s blessing on the plan to complete reorganization and its Debtor-in-Possession credit facility in the aggregate principal amount of $32 million, maturing next Monday (8/19). Audacy asked the Court to extend the maturation date to September 30, 2024. After a 1:00 pm (CT) hearing yesterday (8/15), U.S. Bankruptcy Judge Christopher Lopez – as expected – approved an emergency motion allowing Audacy to extend its pause on certain financial obligations beyond the original deadline. Audacy stated in its second quarter 2024 financial report that it expects to receive FCC approval in the third quarter of this year.

Industry News

SiriusXM Sets DNC Schedule

Sirius XM
SiriusXM’s coverage of the Democratic National Convention will begin next Monday (8/19) at 7:00 am (ET) with Zerlina Maxwell’s “Mornings with Zerlina” on Progress (channel 127). Throughout the week she’ll interview politicians and experts, as well as provide her analysis of the previous night’s key moments. Another Progress host, Michelangelo Signorile, will walk throughout Chicago’s United Center, interviewing politicians; spokespeople; and experts. “Tell Me Everything” host John Fugelsang (9:00 am – 12:00 noon, ET) will anchor primetime coverage onsite. Meanwhile, SiriusXM POTUS (channel 124) hosts Steve Scully and Julie Mason will do their shows live from Chicago all week. Among others, Mason’s early confirmed guests include Colorado Senator Michael Bennet; Michigan Representative Debbie Dingell; Oregon Senator Jeff Merkley; and Florida Representative Debbie Wasserman Schultz. Weeknight political program “RealClearPolitics” (6:00 pm – 7:00 pm, ET) will broadcast live from the POTUS set on “Media Row” throughout the DNC. In addition to hosting their own shows, Scully and Mason will anchor special primetime coverage from inside the arena starting at 8:00 pm (ET), where they’ll provide analysis and also air the night’s big speeches.

Industry News

NPR Readies Democratic National Convention Plans

NPRNPR and participating member stations will begin coverage of the Democratic National Convention from Chicago next Monday and Tuesday (8/19, 8/20, 9:00 pm – 11:00 pm, ET). Scott Detrow’s recap of the day’s major events will feature insights from NPR correspondents, as well as interviews with newsmakers attending the convention. NPR’s coverage will continue Wednesday and Thursday (8/21, 8/22) beginning at 9:00 pm ET. NPR’s team of reporters in Chicago will include: Liz Baker, Martin Kaste, Sandhya Dirks, Don Gonyea, Tamara Keith, Asma Khalid, Deepa Shivaram, Mara Liasson, Deirdre Walsh, Danielle Kurtzleben, Franco Ordoñez, and Domenico Montanaro. Additional political reporting will be provided by: Sarah McCammon, Ashley Lopez, Elena Moore, Stephen Fowler, Ben Giles, and Ximena Bustillo. Coverage will include live reports from within the convention hall, expert analysis, and interviews with key figures. The “NPR Politics” team will release a podcast episode each night of the convention. NPR will have a reporter stationed outside the arena to capture public reactions and potential protests.

 

Industry News

TALKERS News Notes

ABC Audio has won three Edward R. Murrow Awards. In the “Continuing Coverage” category, it wins for “Start Here: Israel-Hamas War,” while “Reclaimed: The Forgotten League” takes honors for “Excellence in Writing.” In addition, “Start Here: On the Brink” is an award winner in the “News Documentary” category.

Job Opportunity

WICC-AM/FM, Bridgeport Has Talk Show Host and News Reporter Openings

WICCConnoisseur Media Connecticut is looking for a talk show host for weekdays on WICC-AM/FM.  This position will work a four-hour live talk program to air Monday through Saturday.  The ideal candidate will be able to book guests, create compelling local content, field listener phone calls, and pivot subject matter as the local news cycle dictates.  The station also has an opening for a morning news reporter for weekdays. This position will work weekdays during the Melissa in the Morning Show.  The ideal candidate will be able to travel to Fairfield County locations and report live, collect and edit audio, post on social media, and deliver produced stories that can run throughout the day.

Please send your resume and three-minute demo to allan.lamberti@connoisseurct.com with “TALK SHOW HOST” or “MORNING NEWS REPORTER” in the subject line.

Industry News

New Leaders at Cumulus Podcast Network

Cumulus Media promotes Carolyn Chauncey to SVP, marketing and podcasting. In this new role, she’ll lead the Cumulus Podcast Network’s day-to-day operations, content acquisition, editorial, and production. She willim continue to direct corporate marketing for Cumulus Media, Westwood One, and the Cumulus Podcast Network. Since 2016, Chauncey has overseen ad sales solutions, creative services, and audience development for Westwood One. Other moves include Jason Soderberg being elevated to vice president, podcast operations and production in which he’ll be responsible for managing all audio and video production for the podcast network as well as platform relations and Megan Devine being promoted to vice president, podcast sales planning and yield optimization.

Industry News

TALKERS News Notes

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

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

Industry News

WWO: AM/FM Ads Outperform Social Media Ads

In this week’s Cumulus Media | Westwood One Audio Active Group blog post, a number of studies measuring attentiveness (defined as the degree to which those exposed to the advertising are focused on it)im reveal that AM/FM ads far outperform most social media ads. For example, the firm Adelaide found that for revery $1,000 spent on AM/FM ads it would require spending $2,635 on Facebook ads for the same amount of attentiveness. However, it also found that just $698 of YouTube ads would yield the same degree of attentiveness as $1,000 of AM/FM advertising. The blog post also addresses the myth that video ads are necessarily more effective than audio ads. See the full blog post here.

Industry News

BFoA Teams with VHI for Voice Care Info

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

Industry News

“Money Pit” Host Publishes New Dummies Series Book

im

 Pictured above are “Money Pit Home Improvement Show” host Tom Kraeutler (right) and consultant Holland Cooke (left) as Kraeutler hand-delivers the first autographed copy of Home Maintenance For Dummies to the Block Island, Rhode Island homeowner and “Money Pit” consultant.

Industry News

Union Comments on Audacy’s WCBS-AM, New York Decision

The radio industry was in shock yesterday after Audacy announced it will shut down the all-news format on New York’s legendary WCBS-AM and lease the signal to Good Karma Brands for its “ESPN New York” sports talk format. The Writers Guild of America East represents news staffers at the station, and it had theim following response to the company’s decision: “The Writers Guild of America East is devastated that Audacy, the second largest radio company in America, today announced that they are shutting down WCBS Newsradio 880, a trusted news source for New Yorkers since 1924. There were 23 WGA East members laid off by Audacy, and we expect the company to comply with the applicable provisions in our collective bargaining agreement, including guaranteed severance. Audacy is the owner of more than 200 radio stations in nearly 50 markets. The closure of WCBS Newsradio 880 is another example of consolidation by a major media conglomerate, which ultimately deprives the public of critical local news stories with different perspectives. Audacy’s decision is even more egregious given that this is a critical election year. This is a giant loss for New York City and the news industry at large.”

Industry News

Audacy Releases “The Power of Sports” Fandom Study

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

Industry News

iHeartMedia Debuts Iowa Sports Radio Network

iHeartMedia Iowa announces the debut of the Iowa Sports Radio Network that will broadcast statewide across five radio stations originating from flagship KXNO-FM, Des Moines. It will also air on KMNS-AM, Siouxim City; KOSY-FM, Cedar Rapids; KXIC-AM, Iowa City; and WFXN-AM, Quad Cities. The company says programming will highlight sports from University of Iowa, Iowa State University, various high schools and other local sports topics. The program lineup is: “The Morning Rush with Travis Justice and Ross Peterson” from 6:00 am to 8:00 am; FOX Sports Radio’s Dan Patrick from 8:00 am to 11:00 am; FSR’s “The Herd with Colin Cowherd” from 11:00 am to 12:00 noon; “Miller and Condon” from 12:00 noon to 2:00 pm; and “The Drive with Heather and Sean” from 2:00 pm to 6:00 pm.

Industry News

Former Albany Talk Host Melody Burns Dies at 65

The Albany Times-Union reports that former WGDJ, Albany talk host Melody Burns died last week at ageim 65 after a battle with cancer. Burns hosted a show on WGDJ from 2012 through 2014. After leaving her radio show, she became director of operations at Veterans Miracle Center, where veterans and military personnel could get new items they need at no cost. Read the Times-Union obituary here.

Industry News

Jimmy Malone Exits WTAM, Cleveland

Cleveland media personality Jimmy Malone has exited his radio show at iHeartMedia’s news/talk WTAM.im Malone – an unapologetic liberal on a station comprised of conservative talk hosts – anchored the 9:00 am to 10:00 am hour. He posted to X, “I’ll have more to say later, but after decades of loyalty to my company, they fired me after my show today and didn’t give me a chance to say goodbye to my listeners. I’m grateful for all of the support I’ve received for so long.” Malone was a longtime cast member on the “Lanigan & Webster Morning Show” on WMJI-FM, Cleveland. His program on WTAM debuted in April of 2022.

Industry News

TALKERS News Notes

Cumulus Media’s news/talk WLS-AM, Chicago adds “Rich Valdés America at Night” to its program schedule, airing live from 9:00 pm to 12:00 midnight.

FOX News Media is presenting special programming during the 2024 Democratic National Convention in Chicago, beginning Sunday, August 18 through Friday, August 23. FNC will commence its special coverage from Chicago on Sunday with “FOX News Sunday” anchored by Shannon Bream. Co-anchored by chief political anchor and “Special Report” anchor Bret Baier and “The Story” anchor and executive editor Martha MacCallum, FNC will present a nightly hour-long special titled, “FOX News Democracy 2024: The Democratic National Convention” Monday through Thursday at 10:00 pm ET.

Industry News

Audacy Q2 Net Revenue Rises 1%

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

Industry News

Beasley Second Quarter Net Revenue Falls 4.8%

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

Industry Views

Monday Memo: Worst Promo I Hear Most Often?

By Holland Cooke
Consultant

im“If you missed Biff & Bev in-the-Morning, you missed…”  It’s a donut: produced open and close, with an aircheck clip in the middle.

— I don’t think I have ever heard such a promo that caused me remorse for missing the show being touted. Often the clip makes the personalities sound self-amused.

— The listener can’t act on this message. This morning’s Biff & Bev show is gone, and don’t count on anyone clicking-as-many-times-as-necessary to find it on the station website.

— You send diary keepers a dangerous subliminal message: that they DIDN’T listen. Heck, we want to fool them into thinking they did listen!

im

Instead:

— Talk about the NEXT show.

— Use “you” and/or “your” as-early-as-possible in copy; and “and your calls!” near the end.

— Offer a benefit statement, something listeners will realize from listening, i.e., what they’ll take-away from hearing tomorrow’s guest, what they can call-in-and-win, anticipated topics.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. He is the author of “The Local Radio Advantage: Your 4-Week Tune-In Tune-Up” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

TALKERS News Notes

Las Vegas-based talk host Heidi Harris has released her second book, Don’t Pat me on the Head!, as an audio book. She tells TALKERS, “I’ve gotten many requests to do an audio version of the book and now it’s available! My book covers how I ‘lucked into a radio show’ (as a detractor once said), the crazy things I did before I landed in radio, behind the scenes stories, how to be a great guest or caller, interviewing tips, how I survived treacherous bosses, colleagues, and the cancel mob who tried to destroy me, and more!”

The Society of Broadcast Engineers announces that membership re-elected Ted D. Hand to a second, one-year term as president of the organization. Hand is a member of SBE Chapter 45 Charlotte, and an SBE Fellow Member.

Industry News

Saga Communications Reports Net Revenue Decline of 1.5%

Saga Communications reports net revenue of $28.7 million in the second quarter of 2024, down 1.5% from the same period in 2023. The company also reports net income of $2.5 million for the quarter compared to net income of $3.4 million for the second quarter last year. Saga notes in its report that it closed on itsim acquisition of five radio stations and one translator in Lafayette, Indiana on May 31, 2024, and that the stations were operated by Saga for one month during the second quarter of 2024. Saga paid a quarterly dividend of $0.25 per share on June 28, 2024. The aggregate amount of the quarterly dividend was approximately $1.6 million. To date, Saga has paid over $132 million in dividends to shareholders since the first special dividend was paid in 2012. Saga’s balance sheet reflects $24.1 million in cash and short-term investments as of June 30, 2024, and $26.2 million as of August 5, 2024.

Industry News

Newsmax Wins One in Smartmatic Case

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

Industry News

Round Four of July 2024 PPMs Released

imThe fourth of four rounds of ratings data from Nielsen Audio’s July 2024 PPM survey has been released for 12 markets including Austin, Raleigh, Indianapolis, Milwaukee, Nashville, Providence, Norfolk, Jacksonville, West Palm Beach, Greensboro, Memphis, and Hartford. The survey period covered June 20 through July 17. Today, TALKERS magazine editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Raleigh, iHeartMedia’s news/talk WTKK-FM adds three-tenths to finish with an 8.9 share (weekly, 6+ AQH share) that keeps it locked in the #3 rank, while Curtis Media’s news/talk WPTF is up one-tenth for a 0.6 share finish good for the #23 rank. In Milwaukee, iHeartMedia’s news/talk WISN adds a half share to finish with a 13.0 share that keeps it ranked #1 for the eleventh straight month. (Good Karma Brands’ crosstown competitor news/talk WTMJ ceased subscribing to Nielsen several months ago.) In Nashville, Cumulus Media’s news/talk WWTN-FM rises 1.2 shares for a 6.7 share finish that lifts it to the #3 rank, while iHeartMedia’s news/talk WLAC adds three-tenths to finish with a 1.3 share and remains ranked #18. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Ratings Takeaways

July 2024 PPM Ratings Takeaways – Part Four

imJuly 2024 PPM Data – Ratings information for Nielsen Audio’s July 2024 survey period (June 20 – July 17) has been released for Austin, Raleigh, Indianapolis, Milwaukee, Nashville, Providence, Norfolk, Jacksonville, West Palm Beach, Greensboro, Memphis, and Hartford.

No share or rank thresholds are required to be included here.

DNA – DNA = Did Not Appear – Does Not Appear

Comparisons are June 2024 – July 2024 (6+). 

AUSTIN

News/Talk

KLBJ-AM 4.5 – 3.7, #8 – #9

KJCE DNA – .1, DNA – #31

News

None

Sports Talk

KBPA-HD2  1.0 – .8, #19 – #22

KVET-AM .7 – .7, #22 – #23

KTAE DNA – DNA, DNA – DNA

Public Radio News/Talk

KUT 4.9 – 6.2, #5 – #2

KUT-HD2 DNA – .1, DNA – #31   

Note: Public radio news/talk KUT posts a +1.3 (4.9 – 6.2), which is Austin’s largest (6+) June 2024 – July 2024 increase. 

RALEIGH

News/Talk

WTKK 8.6 – 8.9, #3  – #3

WPTF .5 – .6, #24 – #23

News

WRAL-HD3 .6 – .5, #21 – #24

Sports Talk

WCMC-FM 2.3 – 1.8, #14 – #15

WCMC-FM HD2 DNA – DNA, DNA – DNA

Public Radio News/Talk

WUNC 8.0 – 7.8, #4 – #4

INDIANAPOLIS

News/Talk

WIBC 7.5 – 8.1, #4 – #2

News

WOLT-HD2 .3 – .2, #22 – #25

Sports Talk

WIBC-HD2  2.9 – 1.4, #14 – #17

WNDE .3 – .2, #22 – #25

WXNT DNA – DNA, DNA – DNA

WFNI DNA – DNA, DNA – DNA

Public Radio News/Talk

WFYI 4.8 – 4.7, #8 – #9

MILWAUKEE 

News/Talk

WISN 12.5 – 13.0, eleventh consecutive month at #1

WLIP .1 – .2, #27 – #23

WTMJ DNA – DNA, DNA – DNA (Brewers)

WAUK .2 – DNA, #22 – DNA

WGKB DNA – DNA, DNA – DNA  

News

None

Sports Talk

WRNW 1.9 – 1.5, #15 – #15

WOKY .2 – .2, #22 – #23

WSSP .1 – .1, #27 – #27

WKTI DNA – DNA, DNA – DNA

Public Radio News/Talk

WUWM 2.4 – 2.7, #14 – #12

WHAD-HD2 .1 – .1, #27 – #27   

Note: In addition to being #1 for the eleventh successive month, news/talk WISN posts July 2024’s highest 6+ share (13.0) of any station in all 48 PPM markets. Furthermore, owing to five straight months without a loss, “News Talk 1130” gains four full-shares (9.0 – 9.0 – 10.3 – 12.1 – 12.5 – 13.0, 6+).

NASHVILLE

News/Talk

WWTN 5.5 – 6.7, #8 – #3

WLAC 1.0 – 1.3, #18 – #18

News

WNRQ-HD2 Black Information Network DNA – .3, DNA – #21

Sports Talk

WGFX 6.6 – 5.9, #3 – #6

WPRT 1.9 – 1.8, #16 – #17

Public Radio News/Talk

WPLN 2.9 – 3.3, #14 – #13

WPLN-HD3 Stream DNA – DNA, DNA – DNA 

Note: News/talk WWTN’s +1.2 (5.5 – 6.7) is Nashville’s largest (6+) June 2024 – July 2024 increase.

PROVIDENCE 

News/Talk

WPRO-AM 6.5 – 7.1, #5 – #4

WHJJ  1.1 – 1.6, #12 – #11

News

None

Sports Talk

WVEI 1.6 – 2.3, #10 – #8

WPRV .1 – .2, #18 – #18

WBZ-FM DNA – DNA, DNA – DNA

Public Radio News/Talk

WGBH 2.0 – 2.3, #8 – #8

WNPN 1.1 – 1.6, #12 – #11

WCAI .1 – DNA, #18 – DNA

NORFOLK

News/Talk

WNIS  2.2 – 2.4, #13 – #13

WGH-FM HD2  DNA – DNA, DNA – DNA

News

WNOH Black Information Network .3 – .3, #22 – #23

Sports Talk

WVSP .9 – .9, #19 – #19

WGH-AM .1 – DNA, #25 – DNA

Public Radio News/Talk

None

JACKSONVILLE

News/Talk

WOKV-FM 9.4 – 9.0, #2 – #3

News

WJBT-HD2 Black Information Network .2 – DNA, #20 – DNA

Sports Talk

WOKV-AM .2 – DNA, #20 – DNA

Public Radio News/Talk

WJCT 1.9 – 1.9, #14 – #15

WEST PALM BEACH

News/Talk

WJNO 1.6 – 1.9, #13 – #11

WFTL 2.1 – 1.5, #9 – #12

WZZR 1.3 – 1.3 #14 – #13

News

None

Sports Talk

WBZT .4 – .4, #16 – #17

WMEN .4 – .4, #16 – #17

Public Radio News/Talk

WLRN 2.9 – 3.4, #8 – #8

WLRN-HD2 Stream DNA – DNA, DNA – DNA    

Note: Public radio news/talk WLRN’s +.5 (2.9 – 3.4) represents a tie for West Palm Beach’s largest (6+)June 2024 – July 2024 increase. 

GREENSBORO

News/Talk

WPTI 3.5 – 3.6 #11 – #10

News

None

Sports Talk

None

Public Radio News/Talk

WFDD 4.3 – 4.2, #8 – #8

WUNC 1.9 – 1.5, #14 – #14

WFDD-HD3 DNA – .2, DNA – #15

MEMPHIS

News/Talk

WREC 2.7 – 1.7, #7 – #9

KWAM .4 – .4, #12 – #13

News

WJMS-HD2 Black Information Network DNA – DNA, DNA – DNA

Sports Talk

WMFS 2.7 – 3.0, #7 – #7

WMFS Stream .4 – .6, #12 – #11

WMC-AM .4 – .4, #12 – #13   

Public Radio News/Talk

WKNO .5 – .6, #11 – #11

WKNO-HD2  DNA – DNA, DNA – DNA

HARTFORD

News/Talk

WTIC-AM 4.4 – 3.6, #8 – #9

WDRC-AM 1.7 – 1.9, #15 – #15

WPOP .2 – .2, #20 – #20

WTIC-AM Stream .2 – .2, #20 – #20

News

None

Sports Talk

WUCS 1.1 – 1.3, #16 – #16

Public Radio News/Talk

WNPR 5.7 – 4.6, #6 – #8

WFCR .6 – .6, #17 – #17 

Note: Public radio news/talk WNPR’s -1.1 (5.7 – 4.6) is Hartford’s largest (6+) June 2024 – July 2024 decrease.

Mike.Kinosian@gmail.com

Industry Views

SABO SEZ: The Myth About Wall Street

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

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

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

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

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

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

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

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

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

Uncategorized

iHeartMedia Q2 Consolidated Revenue Up 1%

iHeartMedia reports operating results for the second quarter of 2024 and reveals consolidated revenue of $929 million, an increase of 1% over the same period on 2023. iHeartMedia reports its business in three segments. The Multiplatform Group – which includes its AM/FM radio stations – achieved revenue of $575.9 million – a decline of 3.4% over the same period in 2023. The Digital Audio Group’s revenue was $285.6 million – an increase of 9.5% over Q2 of 2023. The Audio & Media Services Group revenue was $70 million – an increase of 6.5% over the second quarter of 2023. iHeartMedia chairman and CEO Bob Pittmanim comments, “Our second quarter results mark the first quarter that our consolidated revenues increased year-over-year since Q4 2022. We continue to see strong momentum in our podcast business, our Digital ex. Podcast business, and have seen sequential improvement of our Multiplatform Group’s year-over-year revenue performance. This performance is built on iHeartMedia’s strong and unparalleled audience and demonstrates the progress we are making in maximizing the monetization of it.” Company COO and CFO Rich Bressler adds, “We continue to see signs of improvement throughout our business and the broader advertising marketplace, and our second quarter 2024 results were in line with, and in the cases of revenue, slightly above guidance. Our high-growth Digital Audio Group revenues were up 10% year over year, and represented 31% of our company’s revenues, and our Multiplatform Group revenues exceeded our previously provided guidance. Our full year 2024 political revenues are currently pacing approximately 20% higher than the last presidential election cycle, which gives us confidence that this will be a record political year for us, and we expect to see a significant year-over-year improvement in our full year Adjusted EBITDA performance.”

Industry News

Urban One Q2 Revenue Declines 9.2%

Second quarter 2024 net revenue for Urban One Inc. was $117.7 million, a decrease of 9.2% from Q2 of 2023. Breaking down Urban One’s report by segment, the Radio Advertising segment brought in revenue of $45.4 million, basically flat from one year ago. Digital Advertising revenue for Q2 of 2024 was $15.5 million, a decrease of 17.6%. The biggest change for Urban One was Cable Television Advertising, which brought inim $22.2 million, a decline of 26.7% from the same period in 2023. Urban One CEO and president Alfred C. Liggins III states, “On a same station basis our radio division finished Q2 -5.6% excluding political, and -3.0% with political. We saw a sequential improvement in national revenues vs. Q1, which was offset by weaker local revenues. Q3 core radio revenue is currently pacing down 6.9% on a same station basis, down 5.1% including political, and up 7.0% overall. We are starting to see a significant uptick in political advertising revenues, and remain optimistic for the remainder of the year, which should benefit both our radio and digital divisions. Our Cable TV business continues to suffer from subscriber churn and audience delivery shortfall, impacting both advertising and affiliate revenues, although we are seeing a bounce-back in ratings and delivery in Q3. Our digital business experienced weaker advertising demand than prior year but remains well positioned for the second half of the year, particularly with political and CTV advertising. During Q2 we repurchased an additional $35.5 million of our 2028 notes at 78.0%, and we ended the quarter with approximately $132.4 million of cash.”

Industry News

Compass Media Networks Announces New Associates

Compass Media Networks brings three new staffers aboard, including news pro Chad Robison, who is named a news anchor for “Your Money Now.” In this role, Robison will anchor the “Your Money Now” twiceim-hourly money news reports Monday through Friday in middays and PM drive. Robison most recently served as evening news anchor at Townsquare Media’s WKXW-FM, Trenton New Jersey 101.5.” Compass Media Networks also names Joe Mackay director of audio sales. The 25-year radio sales pro, based in Chicago, will manage advertising sales relationships throughout the West Coast and Midwest. Also joining the company as manager of sales planning is Laura Schaeffer. The 10-year radio industry pro will help manage customer relationships and assist sales executives and management with sales proposals and inventory management. She is based in New York.

Industry News

Round Three of July PPMs Released

imThe third of four rounds of ratings data from Nielsen Audio’s July 2024 PPM survey is released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered June 20 through July 17. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM adds half a share to finish with a 5.5 share (weekly, 6+ AQH share) lifting it to the #4 rank, while iHeartMedia’s news/talk KEX jumps four-tenths to a 2.2 share good for the #17 rank. In San Antonio, iHeartMedia’s news/talk WOAI rises 1.1 shares for a 4.2 share finish and the #11 rank, while Alpha Media’s news/talk KTSA dips two-tenths to a 1.2 share but rises one spot to the #21 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM tacks on one-tenth to finish with a 6.2 share but slides back on spot to the #3 rank, while iHeartMedia’s news/talk KNRS-AM/FM rises a full share for a 4.1 share finish and climbs one spot to the #11 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

TALKERS News Notes

FOX News Channel’s “Gutfeld!” – hosted by Greg Gutfeld – will broadcast live at 11:00 pm ET each night following the network’s coverage of the Democratic National Convention in Chicago. From August 19 through 22, the program (which is usually taped earlier in the day) will be joined live by a studio audience in New York City for the first time ever.

Audacy’s sports talk WEEI-AM/FM, Boston and the New England Patriots announce a multi-year extension to their broadcast partnership that includes the continuation of exclusive “Patriots Monday” and “Patriots Friday” programming, featuring head coach Jerod Mayo and Patriots players. This year marks the 30th season of the partnership between WEEI and the Patriots, which began in 1995.

The latest episode of Benztown president Dave “Chachi” Denes’ podcast “Chachi Loves Everybody” features a conversation with National Association of Broadcasters president and CEO Curtis LeGeyt.

Ratings Takeaways

July 2024 PPM Ratings Takeaways – Part Three

imJuly 2024 PPM Data – Information for Nielsen Audio’s July 2024 ratings period (June 20 – July 17) has been released for Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus.

No share or rank thresholds are required to be included here.

DNA – DNA = Did Not Appear – Does Not Appear

Comparisons are June 2024 – July 2024 (6+).

PORTLAND

News/Talk

KXL 5.0 – 5.5, #5 – #4

KEX 1.8 – 2.2, #18 – #17

KUFO .7 – 1.0, #23 – #22

KPAM .3 – .3, #31 – #28

News

None

Sports Talk

KFXX 1.1 – 1.1, #21 – #21

KXTG 1.1 – .8, #21 – #23

KPOJ .4 – .4, #26 – #27

KMTT .2 – .1, #33 – #34

KFXX Stream  DNA – .1, DNA – #34

Public Radio News/Talk

KOPB 5.3 – 5.3, #3 – #5

KOPB Stream .7 – .5, #23 – #24

CHARLOTTE

News/Talk

WBT 5.0– 4.5, #5 – #9

News

WRFX-HD2 Black Information Network .1 – DNA, #24 – DNA

Sports Talk

WFNZ-FM 3.0 – 2.5, #14 – #16

Public Radio News/Talk

WFAE 2.9 – 3.1, #15 – #13

WNSC .7 – .9, #21 – #20

WFAE-HD3 DNA – DNA, DNA – DNA

SAN ANTONIO

News/Talk

WOAI 3.1– 4.2, #13 – #11

KTSA 1.4 – 1.2, #22 – #21

News

None

Sports Talk

KTFM 1.2 – 1.1, #23 – #22

KTKR .4 – .3, #28 – #30

KZDC .4 – .3, #28 – #30

Public Radio News/Talk

KSTX 2.4 – 3.3, #16 – #13 

Note: News/talk WOAI’s +1.1 (3.1 – 4.2) represents San Antonio’s largest (6+) June 2024 – July 2024 increase.

SACRAMENTO

News/Talk

KFBK 7.2 – 7.3 #3 – #3

KSTE-AM 2.3 – 2.4, #15 – #15

KSAC-AM .6 – .8, #26 – #24

News

None

Sports Talk

KHTK 1.0 – .9, #21 – #21

KIFM .8 – .5, #23 – #26

KIFM Stream  .1 – .1, #30 – #28 

Public Radio News/Talk

KXJZ 3.1 – 2.9, #11 – #12

KQED .1 – .1, #30 – #28

KQEI .3 – .1, #28 – #28

KUOP DNA – DNA, DNA – DNA

PITTSBURGH

News/Talk

KDKA-AM 4.5 – 4.4, #8 – #8

KDKA-AM Stream .5 – .4, #18 – #18

News

None

Sports Talk

KDKA-FM (Pirates) 7.0 – 6.9, #5 – #5

KDKA-FM Stream (Pirates) .3 – .4, #19 – #18

WBGG DNA – DNA, DNA – DNA

Public Radio News/Talk

WESA 3.2 – 3.5, #10 – #10

SALT LAKE CITY

News/Talk

KSL 6.1 – 6.2, #2 – #3

KNRS 3.1 – 4.1, #12 – #11

KKAT .1 – .1, #27 – #28

News

None

Sports Talk

KZNS-FM .5 – .9, #24 – #22

KALL .5 – .4, #24 – #25

KZNS-AM .1 – .4, #27 – #25

KZNS-AM Stream  DNA – DNA, DNA – DNA

KZNS-FM Stream  DNA – DNA, DNA – DNA

KOVO DNA – DNA, DNA – DNA

Public Radio News/Talk

KUER 2.5 – 2.0, #17 – #18

KBYU-HD2 Stream  .1 – .1, #27 – #28

KUMT .1 – .1, #27 – #28    

LAS VEGAS

News/Talk

KMXB-HD3 1.8– 1.1, #20 – #25

KMZQ .3 – .4, #34 – #29

KXNT .4 – .3, #31 – #33

KXNT Stream DNA – DNA, DNA – DNA

News

None

Sports Talk

KWWN .4 – .8, #31 – #28

KKGK .3 – .3, #34 – #33

KRLV .3 – .3, #34 – #33

KENO DNA – DNA, DNA – DNA

Public Radio News/Talk

KNPR 1.3 – 1.8, #23 – #19

ORLANDO

News/Talk

WDBO 3.6 – 4.7, #10 – #9

WTKS 5.6 – 4.3, #5 – #10

WFLF .8 – 1.1, #18 – #17

WFYY .5 – .3, #21 – #22

WFYY-HD3 DNA – DNA, DNA – DNA

News

None

Sports Talk

WYGM .8 – .6, #18 – #21

WDYZ .1 – DNA, #25 – DNA

WOCL-HD2 DNA – DNA, DNA – DNA

Public Radio News/Talk

WMFE 2.0 – 2.4, #14 – #14

WMFV DNA – DNA, DNA – DNA  

Note: Whereas news/talk WDBO’s +1.1 (3.6 – 4.7) represents Orlando’s largest (6+) June 2024 – July 2024 increase, similarly-formatted WTKS’ -1.3 (5.6 – 4.3) is tied for the market’s greatest (6+) June 2024 – July 2024 decrease.

CINCINNATI

News/Talk

WLW 10.3 – 9.9, #2 – #2 (Reds)

WKRC 5.4 – 6.0, #6 – #4

News

None

Sports Talk

WCKY .6 – .5, #20 – #20

WSAI .4 – .3, #21 – #21

Public Radio News/Talk

WVXU 3.4 – 4.1, #9 – #9

CLEVELAND

News/Talk

WTAM 7.0 – 7.0, #5 – #5 (Guardians)

News

WMMS-HD2 Black Information Network DNA – DNA, DNA – DNA

Sports Talk

WKRK 4.4 – 4.4, #10 – #10

WKRK Stream .6 – .3, #19 – #20

WARF .1 – DNA, #24 – DNA

Public Radio News/Talk

WKSU 6.6 – 7.0, #6 – #5

WKSU-HD4 DNA – DNA, DNA – DNA

KANSAS CITY

News/Talk

KMBZ-FM 5.5 – 5.2, #4 – #5

KCMO-AM 1.7 – 1.9, #17 – #17

KMBZ-FM Stream 1.0 – 1.4, #23 – #18

KMBZ-AM 1.2 – 1.3, #20 – #20

KCMO-AM Stream DNA – DNA, DNA – DNA

KMBZ-FM HD2 DNA – DNA, DNA – DNA

News

None

Sports Talk

KCSP 3.2 – 2.4, #10 – #16 (Royals)

KCSP Stream  1.0 – 1.0, #23 – #23 (Royals)

KWOD DNA – DNA, DNA – DNA

Public Radio News/Talk

KCUR 2.2 – 3.0, #16 – #10

KANU-HD2 DNA – DNA, DNA – DNA

COLUMBUS

News/Talk

WTVN 5.2 – 5.7, #6 – #6    

News

Black Information Network WYTS DNA – DNA, DNA – DNA

Sports Talk

WBNS-FM 7.8 – 6.7, #2 – #4

WMNI .1 – .4, #22 – #21

WBNS-AM .1 – .3, #22 #22

WBNS-FM HD2 DNA – DNA, DNA – DNA

Public Radio News/Talk

WOSU 4.6 – 5.1, #7 – #7

Note: Sports talk WBNS-FM’s -1.1 (7.8 – 6.7) is Columbus’ largest (6+) June 2024 – July 2024 decrease.

Up next: July 2024 overviews for Austin; Raleigh; Indianapolis; Milwaukee; Nashville; Providence; Norfolk; Jacksonville; West Palm Beach; Greensboro; Memphis; and Hartford.

Mike.Kinosian@gmail.com