Industry News

JAM, Lemonada Cook Up Ad Sales & Distribution Deal

Owing to a partnership between podcast network Lemonada Media and celebrity chef/humanitarian José Andrés’ JAM Media, the former will manage ad sales and distribution for JAM’s audio content; Andrés’ “Longer Tables” and “Pressure Cooker” will now be part of Lemonada Media’s line-up. Lemonada Media chief executive Lemonada Logoofficer Jessica Cordova Kramer opines that, “When you think of making life suck less, you think [of] chef José Andrés. He and the JAM team work tirelessly to make the world a better place; we are so grateful to get to be a small part of their work by serving as partners to JAM for these two shows.” José Andrés Group president Sam Bakhshandehpour proclaims that, “Working with Lemonada Media is an exciting new chapter in the evolution of José Andrés Media. Joining their dynamic network will allow ‘Longer Tables’ and ‘Pressure Cooker’ to reach new audiences, sharing powerful stories that explore the many ways that food connects us all.” Introduced last year, Andrés’ “Longer Tables” engages with eminent figures across various fields. Previous guests have included Anderson Cooper; Secretary of State Antony Blinken; actress Eva Longoria; primatologist Jane Goodall; and French chef Eric Ripert. Meanwhile, “Pressure Cooker” is hosted by food journalists Jane Black and Elizabeth Dunn. It explains challenges of feeding families in our age of anxiety. Lemonada Media’s roster includes “Wiser Than Me with Julia Louis-Dreyfus”; “Choice Words with Samantha Bee”; “Funny Cuz It’s True with Elyse Myers”; and Gracie award-winner “Last Day.”

Industry Views

Pending Business: Good News Bad News

By Steve Lapa
Lapcom Communications Corp
President

Survey says, the good news is, 49% of local direct advertisers use AM/FM radio.

The bad news is, the same survey says, 65% of that same group uses social media advertising. Advantage +16% for the digital team. The good news is, you are comfortable selling/managing digital and social media vehicles because like it or not your local advertiser is leaning in on the digital/social media advertising opportunity.

Survey says, more bad news, 54% of the local direct advertiser group is buying event-sponsorships. The good news is, you are comfortable selling/managing event-sponsorships because like it or not your local advertiser is leaning in on the event-sponsorship advertising opportunity.

Now for the closer, survey says, over 50% of these local advertisers are now budgeting only 2% of gross revenues on advertising. Thank you Borrell for the researched eye-opener and thank you pandemic for shrinking the local advertiser’s marketing dollar.

Show of hands, please, anyone reading this totally surprised? The online digital/social media advertising world has been on a double-digit growth tear as long as anyone can remember. The growth continues as AM/FM sellers stand by and watch the parade go by, sorry guys. The facts are… there are roughly 310 million smartphones in the U.S. According to the last Edison survey, 68% of U.S. homes own 1.5 radios. In round numbers 338 million radios at home. Wait, what? Are there almost as many smartphones as AM/FM radios at home? Anyone own more than one smartphone? I thought there was a radio in almost every room in your home. Not anymore, you say? Quite different from the average five radios per household when many reading this column earned their first double digit commission check as a member of that fun loving sales team. The times are a changin’ and I hope you are changing with the times. Let us start here:

Update your value proposition for “Why Radio?” Make it current and relevant to today’s media ecosystem.

Sharpen your new selling skills. Get ahead of the curve and leave your competitors in the dust.

Ask yourself, “What happened?” The numbers of smartphone users are growing. Maybe not as fast as in the past but growing. The number of AM/FM radios in the home is shrinking. Look to your leadership for some answers.

When the trend is NOT your friend, it’s time to think like the great leaders who built our country and media empires, “Lead, follow, or get out of the way.”

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.

Industry News

iHM DC Rings In “Freedom 104.7”

Freedom 104.7Simulcasting on 98.7 HD-2, iHeartMedia Washington, DC launches “Freedom 104.7 – DC’s Real News. Real Talk.” Senior vice president of programming Jeff Kapugi states, “We are excited to welcome a number of best-in-class personalities to ‘Freedom 104.7.’ We are confident [the station] will quickly become a favorite destination for DMV talk radio listeners.” Premiere Networks executive vice president of affiliate sales Peter Tripi adds, “We’re thrilled to have our industry-leading talk lineup join ‘Freedom 104.7 & 98.7 HD-2.’ These stellar talents will provide entertaining, unique and insightful views on the latest news, politics and events that Washington, DC listeners are looking for.” The station’s weekday lineup includes: “America’s First News” (6:00 am – 9:00 am); Glenn Beck (9:00 am – 12:00 noon); Clay Travis & Buck Sexton (12:00 noon – 3:00 pm); Sean Hannity (3:00 pm – 6:00 pm); Jesse Kelly (6:00 pm – 9:00 pm); “Our American Stories” (9:00 pm – 12:00 midnight); “Coast to Coast Early Edition” (12:00 midnight – 1:00 am); and “Coast to Coast AM with George Noory” (1:00 am – 6:00 am). Approximately six months ago (1/5), WWDC-HD2 and 104.7 translator station W284CQ became “iHeart Sports DC”; it was not listed in Nielsen Audio’s May 2023 sweep. Among persons 6+ in that ratings period, American University public radio news/talk WAMU ranks first (11.4); Hubbard all-news WTOP & WTLP “Washington’s Top News” is second (8.0); Cumulus Media news/talk WMAL “105.9 FM – Where Washington Comes To Talk” finishes seventh (4.7); and Audacy business news WDCH “Bloomberg 99.1 FM” ranks #22 (.5).

Industry Views

Monday Memo: Be Known for Knowing

By Holland Cooke
Consultant

“STIMULATING TALK.”  Like much of radio’s imaging wallpaper, this frayed 1990s promo cliché was station-centric, rather than a benefit statement explaining and assuring how habitual use is… useful.

“Stimulating” was an immeasurable claim. And won’t THEY be the judge of that? If our talkers – of any political stripe – are stimulating, their work speaks for itself.

“Talk” itself has baggage. Say “talk radio” at a backyard cookout populated by non-radio people, and someone will roll their eyes. Rush Limbaugh personified that “crazy uncle at Thanksgiving” who became the format caricature.

imAnd when what’s-talked-about sounds too much like yesterday, and the day before, and the day before that, it works against what ratings people call horizontal maintenance (same-time day-to-day tune-in). No names, but his first six words when I tuned in were “…and it will only get worse!” Stimulating?

Commercial Copy 101: Sell benefits, not features. Almost any station can sound instantly more-user-friendly by simply projecting “you” and “your” early and often in promo copy. “Because ONE traffic jam can jam-up your WHOLE day…”

News will save news/talk. Mass shootings du jour, deadly severe weather, inflation, Trump, Hunter’s laptop, and what-next has listeners wondering, “What NEXT?” Be known for knowing, and you will stimulate more tune-ins.

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

Industry News

iHP, Lea Pictures Announce Audio Deal

A multi-year collaboration between iHeartPodcasts and Bradley Cooper’s production company, Lea Pictures, will include several co-produced shows including Lea Pictures’ first audio project “The Good Stuff Podcast,” which debuted last month. Cooper will serve as executive producer for the entire slate which will be distributed by iHeartPodcasts. iHeartMedia Audio Group chief executive officer Conal Byrne comments, “Bradley is one of the great creators of our time, inventing and reinventing again and again how great stories are told across multiple genres and formats. We could not be more proud and excited to introduce his expertise, vision and approach to the exploding podcast medium with this partnership.” Hosted by One Tribe Foundation chief executive officer Jacob Schick and his wife, two-time Emmy award winning-storyteller Ashley Schick, the weekly “Good Stuff Podcast” delves into inspiring stories of success and perseverance.

Industry News

Amid Skyrocketing Thread Count Twitter Threatens Lawsuit

Industry News

TALKERS NEWS NOTES

Five-year-old, Iowa-based RoadWorthy Drive Productions has been renamed TechMobility Productions. According to company chief executive officer – and a founding member of the Black Automotive Media Group Ken Chester, “We changed the name to better reflect the actual content of our weekly programming. Our previous branding was confusing to both the radio industry and our listeners.” TechMobility Productions produces/distributes “The TechMobility Show”; “The TechMobility Minute”; and “TechMobility In Focus.” More than 50 stations nationwide carry the company’s programming.

Former Missouri state representative Ted Farnen’s “Columbia Today” (4:00 pm – 6:00 pm) will debut next Monday (7/17) on Cumulus Media Columbia, MO news/talk KFRU. Cumulus Columbia vice president/market manager Greg Renoe remarks, “We are excited to have Ted join our KFRU line-up in the afternoons. He brings experience and a local perspective that we believe will resonate well with the listeners of KFRU.” Program director Luke Swezy notes, “[Ted] brings a valuable and informed perspective on local issues that will strengthen our programming; Farnen notes, “For nearly 100 years, KFRU has been Columbia’s best source for news and entertainment. This will be a fun and informative show with a heavy concentration on local issues and guests. It will be a program to which everyone will be welcome, and it will complement the outstanding local programming KFRU already provides.”

Industry News

Joe Madison Reverses Role with MH on This Week’s Harrison Podcast

Heavy Hundred titan Joe Madison recently interviewed TALKERS publisher Michael Harrison (6/20) on his long-running “Urban View” channel program on Sirius XM Satellite Radio.  The two legendary radio figures took a deep-dive into the subjects of podcasting, AM radios in cars, the role of boomers in today’s culture, happenings at TALKERS 2023 and the way in which the annual TALKERS Heavy Hundred list is compiled. Now, that compelling conversation is the basis of this week’s installment of the award-winning PodcastOne series, “The Michael Harrison Interview.”  Don’t miss this conversation! Listen to the audio here

Industry News

Urban One Files 2022 Q4 and Full Year Operating Results

If you’ve been following this story, you are aware that Urban One is late with this Securities and Exchange Commission filing because of accounting issues related to the valuation of its investment interest in MGM National Harbor, which the company sold for cash proceeds of approximately $136.8 million on April 21, 2023. Re-evaluation of the accounting required adjustment to the company’s filings for the four quarters of 2021 andim Q3 of 2022. For the fourth quarter of 2022, net revenue was approximately $132.6 million, an increase of 1.6% from the same period in 2021. The company reports operating income of approximately $14.3 million for the period, compared to approximately $20.3 million for Q4 of 2021. Broadcast and digital operating income was approximately $47.6 million, an increase of 7.9% from the same period in 2021. Net income was $856,000 compared to approximately $5.3 million in net income for the same period in 2021. The company has yet to file its operating results for Q1 of this year, but its preliminary results from the quarter show same station radio segment revenue up 2.0% on a same station basis.

Industry News

WTMJ, Milwaukee Announces Show Host Additions

Good Karma Brands makes some changes to the talent hosting its talk shows on news/talk WTMJ, Milwaukee. Sandy Maxx moves from her co-anchor role on the station’s “Wisconsin’s Afternoon News” program to late mornings where she joins talk host Steve Scaffidi on the renamed “WTMJ NOW” show airing from 9:00 am to 12:00 noon. At the same time, WTMJ sportscaster Greg Matzek joins the “Wisconsin’sim Afternoon News” program as co-host alongside John Mercure. WTMJ interim market manager Emily Dillinger states, “I am looking forward to fun and lively conversation about the news of the day, what it means and why it matters on ‘WTMJ NOW.’ Both Sandy and Steve are genuinely curious people who also have an infectious energy and the ability to relate to a variety of people, and I’m sure that will resonate with fans across Wisconsin.” Another tweak to the lineup it that “Wisconsin’s Morning News with Vince Vitrano and Erik Bilstad” will now air from 6:00 am to 9:00 am with a local news report at 5:00 am.

Industry News

WABC’s Sid Rosenberg Has Role in Amazon Prime Series

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WABC, New York morning drive personality Sid Rosenberg is well known in the Big Apple for his radio work, but he’s been pursuing a side-hustle as an actor and has a role in the Amazon Prime 1980s-era mob series, “Gravesend.” He’s pictured above (left) in a still from a scene with actor William DeMeo (right) who plays the lead character Benny Zerletta.

Industry News

TALKERS News Notes

The Buffalo Bills and Audacy’s sports talk WGR, Buffalo say that interim play-by-play announcer Chris Brown – who took over for John Murphy at the end of last season as Murphy recovers from a stroke – will continue in that role for the 2023-2024 NFL season.

Woodward Radio Group radio stations – including news/talk WHBY and sports talk WSCO in Appleton, Wisconsin – in partnership with Feeding America Eastern Wisconsin, hosted the 5th annual Combat Hunger event that raised money and food to provide 52,580 meals for veterans facing hunger in Wisconsin’s Fox Valley.

Job Opportunity

Cumulus Media Seeks PD for Eugene, Oregon Talk Brands

Cumulus Media is looking for an experienced program director for two iconic brands — KUGN-AM/FM (news/talk and home of the Pac 12 Oregon Ducks) and KUJZ-FM (sports talk). The program director will be responsible for growing and operating these brands and must have a strong background and passion for sportsim programming and spoken-word radio. Energy, enthusiasm, and experience within the genre is a must. You will be responsible for all aspects of programming including managing on-air staff, imaging, station strategy, developing and executing revenue generating sales & programming promotions, website & social media, digital content and have a strong understanding of the core audience(s). Find out more about this position and apply here.

Industry News

O’Shaughnessy Family Selling New Rochelle Station for $8.15 Million

Several publications, including trade RBR/TVBR, are reporting that the family of the late William O’Shaughnessy is selling WVIP-FM, New Rochelle, New York, owned by O’Shaughnessy’s Hudson-imWestchester Radio, Inc to religious broadcaster Hope Media Group for $8.15 million. WVIP-FM has been airing programming brokered to Caribbean broadcasters. The O’Shaughnessy family still owns the company’s other station – news/talk WVOX-AM. O’Shaughnessy died in May of 2022 at the age of 84.

Industry News

KWAM, Memphis Host Featured on C-SPAN Show

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Pictured above is KWAM, Memphis morning program host Ben Deeter appearing on C-SPAN’s “Washington Journal” program on July 4. KWAM is owned by nationally syndicated radio host Todd Starnes. On the program Deeter discussed how KWAM is carving a path to cover both Democratic and Republican candidates during the upcoming election cycle.

Industry News

TALKERS News Notes

Good Karma Brands and WEPN-FM, New York “98.7 ESPN” announce that New York Jets wide receiver Garrett Wilson will appear weekly on the station’s “Bart and Hahn” show – hosted by Bart Scott and Alan Hahn – during this NFL season.

New Hampshire Public Radio promotes Emily Quirk to program director. In this role, Quirk will serve as leader of live broadcast platforms and live events programming for the statewide public broadcaster. NHPR says, “In her new role, she will lead NHPR’s efforts to use radio, the livestream and events to maximize the impact of the organization’s journalism and to grow and diversify NHPR audiences on those platforms.”

Industry Views

Pending Business: You’re Halfway Home

By Steve Lapa
Lapcom Communications Corp
President

imCongratulations! You’ve made to the halfway point this year.

Stand by to prepare for the second half of the year like you never have before. This upcoming second half could be so confusing even WAZE may not get you home.

The economy is sending so many mixed signals it is almost impossible to distinguish flashing warning signs from healthy growth curves. From home sales to new car sales, prices are holding as mortgage rates are at a 15-year high and new car prices redefine sticker shock.

Hiring in many categories was robust over the last few months, signaling a better economy ahead. Here comes the tricky part. For most in the news/talk sales world, the next quarter isn’t exactly on fire and as usual precious few sellers and managers are working on Q4 as they wrestle with the headwinds they now face.

Sorry to report there is no fast fix or instant solution. But let’s at least try to review some basic game planning:

— Are you still spraying and praying, or have you zeroed in on growth targets? Every survey says, “revenge travel” and dining out are big factors in local economies this year. What’s on your target list?

— Open your eyes. What’s hot and what’s not? Here in Florida, there are two Peloton stores in two major malls as well as a full display in our local Dick’s Sporting goods. All three venues are forever uncrowded – as in empty. Yet have you checked out the price of bicycles, golf clubs, or leisure wear? The consumer is spending, but not where you may think.

— Back to the basics. Medical, dental and general wellness should always be on your radar as most of us are ready to invest in health and happiness. Does the category profile show on your target list?

— Unpredictable economies require smarter financial and legal plans. Are your listeners ready for a financial check-up? Laws change and staying current with tax and estate laws is always a challenge. The news/talk audience always over-indexes on financial qualitative.

— How is your competitive periscope? Are you aware of any new media competition that may be carving into budgets? Have you come to terms with the growth in local digital marketing or is your head still in the sand?

The second half of this year is up to you. Make it or break it, it’s your call.

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.

Industry News

Gemini XIII Acquires United Stations Radio Networks

Gemini XIII announces it is acquiring United Stations Radio Networks. Gemini XIII says, “The acquisition strengthens Gemini XIII’s position in the audio landscape, expands its sales offerings, and solidifies its commitment to delivering top-notch content and premium services to audiences worldwide.” Gemini COOim Charles Steinhauer says, “We’re excited to welcome USRN into the Gemini XIII ecosystem. We will be able to build on current successes and existing sales infrastructure to immediately grow and make Gemini a destination for producers, advertisers and sponsors looking to deliver to unique audiences. The integration of Gemini XIII’s digital expertise and podcasting prowess will result in a robust content ecosystem that provides an immersive and diverse range of audio experiences for listeners across platforms.” USRN chairman and CEO Nick Verbitsky comments, “Spencer Brown, CEO of Gemini XIII, and Charles Steinhauer have a track record of success in network radio having built Dial Global from the ground up. I am pleased that they will have the opportunity to continue to build United Stations, a company I started along with Dick Clark over thirty years ago and has been a leader in network radio.”

Industry News

Alpha Launches Conservative Spanish Talker in Bakersfield

Alpha Media Bakersfield debuts the new Spanish-language conservative talk station as it flips KNZR-AM and rebrands it “KNZR Verdad 1560.” The move comes as Alpha partners with the Americano Media network. Alpha Media Bakersfield market manager Jeremy Price comments, “We’re proud to introduce Spanish radio to our Bakersfield portfolio for the first time ever and empower the voice of so many of our neighbors in thisim community. With the launch of this station, we aim to not only serve our listeners but give them a reliable home for the news they seek and the information they rely on every day.” Americano Media’s talent includes award-winning journalists Lucia Navarro and Carines Moncada, as well as popular radio hosts Dania Alexandrino and Lourdes Ubieta. Americano Media produces 18 hours of original programming each weekday from 6:00 am to 12:00 midnight ET. American Media chief executive Ivan Garcia-Hidalgo says, “This collaboration with Alpha Media is a natural fit for Americano. We take pride in delivering the finest Hispanic news/talk programming in Spanish, and we are happy to bring that programming to the large Hispanic audience in Bakersfield.”

Uncategorized

The Elvis Duran Podcast Network Debuts

iHeartMedia and Elvis Duran partner to create the Elvis Duran Podcast Network to be distributed by iHeartPodcasts. The agreement includes a slate of original entertainment podcasts that will be co-produced byim Duran and iHeartPodcasts including a new, original progam called, “Thinking Out Loud with Elvis Duran.” The first episode features a conversation with singer-songwriter Kesha. Additionally, the network will be home to the replay podcast of “Elvis Duran and the Morning Show.” Duran says, “We’re excited to launch this network and connect with even more listeners and fans. I’m confident the audience will love the variety of personalities, including Tommy DiDario and Medha Gandhi, and the entertaining programs that we’ll be presenting. I’m also looking forward to sitting down with a wide range of people on my new podcast and taking a deep dive in whichever direction they choose – something I’m not always able to do on my radio show. It’s going to be a fun adventure together!”

Industry News

iHeartMedia Chicago’s “Brilliantly Black Business Awards” Begins

The iHeartMedia Chicago station group that includes WMFN-AM “Black Information Network” and six music brands announces launch of the annual “Brilliantly Black Business Awards” presented by Wintrust Financial Corporation in partnership with the Chicago Urban League. Local businesses and listeners will have theim opportunity to nominate and vote for their favorite Black-owned business in Chicagoland and Northwest Indiana. A total of 10 winners will be selected to receive $100,000 of in-kind media on iHeartMedia Chicago radio stations and a small business development cohort from the Chicago Urban League. The categories include restaurants; beauty salons; churches; fashion; medical professionals; day care centers; nightlife; fitness trainers/gyms; financial/insurance; and realtors/brokers. iHeartMedia Chicago president Matt Scarano states, “I have a personal commitment along with iHeartMedia Chicago to support Black-owned businesses in Chicagoland. We are providing a tremendous marketing and advertising opportunity for Black-owned businesses to access our station brands with the ‘Brilliantly Black’ Business Awards. We are thrilled to partner with the Chicago Urban League as we continuously work together to support Black-owned businesses in Chicagoland.”

Industry News

Jeff Katz and WRVA, Richmond Ink New Deal

Richmond talk radio personality Jeff Katz signs a new contract with Audacy to continue his role as afternoon drive host on news/talk WRVA. Katz, who has been hosting a program on WRVA for the past 10 years, says,im “During the past decade, I’ve absolutely fallen in love with the people of Central Virginia. This community has been so welcoming to my family and I cherish having the chance to help out a bit by serving as an advocate for special needs kids, saluting our law enforcement officers, and sharing vital news and information.” Audacy Virginia SVP and market manager Bennett Zier comments, “Jeff is a great citizen of Virginia and continues to be an important part of the WRVA family.”

Industry News

Gray Radio Launches FOX Sports 94.7 FM in Augusta, Georgia

Gray Radio, LLC partners with FOX Sports Radio to bring the network’s programming to its new sports station WAAW-FM, Augusta “FOX Sports 94.7 FM,” effective July 3.  The station will carry the entire FOX Sports Radioim lineup including “Two Pros and a Cup of Joe with LaVar Arrington, Brady Quinn & Jonas Knox,” “The Dan Patrick Show,” “The Herd with Colin Cowherd,” and more. Gray president Tony Gray says, “WAAW is extremely excited to bring FOX Sports to local Augusta sports fans. We’re confident that the home of the Masters Tournament will embrace the station’s new format.”

Industry News

TALKERS News Notes

iHeartMedia Treasure Coast announces a new, multi-year deal to become the Miami Dolphins radio broadcast partner for the Fort Pierce market. Beginning this season, live gameday broadcasts will air on WAVE 92.7 (WAVW) and Real Radio 101.7 (WCZR).

Throughout Major League Baseball’s 2023 All-Star Week, SiriusXM will deliver extensive audio coverage to baseball fans around the country. Subscribers will get live broadcasts of the 93rd All-Star Game, the SiriusXM All-Star Futures Game, the T-Mobile Home Run Derby, the MLB Draft, and more special programming from Seattle.

Industry News

TALKERS 2023: Video Posted of “The State of Sports Talk Radio” Panel

During the coming days, videos of all of TALKERS 2023’s numerous sessions conducted June 2 at Hofstra University will be posted, continuing today (6/28) with the panel presentation, “The State of Sports Talk Radio.”im The presentation, sponsored by Backbone Networks, was introduced by John Fredericks, host/owner of the John Fredericks Radio Network (pictured above) and facilitated by WRHU-FM/WRHU.org, Hofstra University, GM, John T. Mullen (pictured at right). The panelists (pictured below left to right) included Mark Chernoff, sports reporter, “107.1 The Boss,” Long Branch, NJ/sports talent coach; Grace Blazer, VP, national NTS brand coordinator, director of news and AM programming Florida region, iHeart Radio; and Spike Eskin, VP programming, WFAN, New York and CBS Sports Radio. See the video here.

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Industry News

BIA Advisory: U.S. Local Ad Revenue Estimate Lowered

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Due to “a mixed start in the economy this year and the tempered growth in digital advertising,” BIA Advisory Services is lowering its estimated U.S. local advertising revenue for 2023 to $161.7 billion – down from its original estimate of $165.7 billion. The company says that after looking at the first six months of the year, it decided the reduction was necessary. Vice president of forecasting and analysis Nicole Ovadia says, “After years of double-digit growth, we are seeing some headwinds that will have a significant impact on digital local advertising.” BIA is now expecting digital media revenue for 2023 to be $78 billion (down from its earlier estimate of $81 billion). Radio digital revenue – ex political – is expected to rise by 4.1% over 2022. “When examining the top spending sub-verticals, BIA advises that later in the year, growth is expected in Auto, and the company is raising expectations for Tier 3 – New Car Dealers, and Automotive Repair Services. Other important verticals for local advertising where BIA is raising expectations include Savings/Credit Institutions and Other Loan Services, Plumbers and HVAC, and Realtors.”

Industry News

SiriusXM Shutting Down Stitcher Platform

SiriusXM announces that it is shutting down the Stitcher audio platform on August 29 as it moves to integrate podcasts into its SiriusXM subscription business. SiriusXM acquired Stitcher in 2020 for $325 million. Theim company says that it expects to continue podcast creation via the Stitcher Studios and Earwolf, but the availability of third party podcasts on the SiriusXM app will be determined by the creators/producers of those programs.

Industry News

iHeartMedia Airs FOX Sports Radio on KTZN-AM, Anchorage

iHeartMedia Anchorage unveils the new KTZN-AM “FOX Sports 550 – The Zone.” The station is airing the full network lineup including “Two Pros and a Cup of Joe with LaVar Arrington, Brady Quinn & Jonas Knox,” “The Dan Patrick Show,” “The Herd with Colin Cowherd,” “The Doug Gottlieb Show,” “Covino & Rich,” “Theim Odd Couple with Chris Broussard & Rob Parker,” “The Jason Smith Show with Mike Harmon” and “The Ben Maller Show.” The station also features FOX Sports Radio around the clock on weekends. iHeartMedia Anchorage SVP of programming Mark Murphy says, “‘FOX Sports 550 – The Zone’ is very excited to be a part of the FOX Sports family, all day, every day. It’s great to have the biggest names in sports talk radio like Dan Patrick and Colin Cowherd jump start the day, followed by an impressive lineup that will keep listeners engaged 24/7!”

Industry News

FOX News Channel Unveils New Primetime Lineup

Two months after the controversial exit of prime time star Tucker Carlson from the FOX News Channel lineup, the cable news/talk channel announces its new prime time schedule that takes effect on July 17. Taking over the 8:00 pm ET hour formerly held by Carlson is Jesse Watters, who moves from the 7:00 pm hour. Lauraim Ingraham’s program moves from 10:00 pm to the 7:00 pm hour, and Greg Gutfeld’s show moves from 11:00 pm to 10:00 pm. Sean Hannity stays in the 9:00 pm slot, and “FOX News @ Night” with Trace Gallagher slides up one hour to start at 11:00 pm. FOX News Media CEO Suzanne Scott says, “FOX News Channel has been America’s destination for news and analysis for more than 21 years and we are thrilled to debut a new lineup. The unique perspectives of Laura Ingraham, Jesse Watters, Sean Hannity, and Greg Gutfeld will ensure our viewers have access to unrivaled coverage from our best-in-class team for years to come.”

Industry News

Hosts Jim Leach and Frank McNeil Exit WMAY-FM, Springfield

Longtime Springfield, Illinois air personality Jim Leach is leaving Mid-West Family Broadcasting’s news/talk WMAY-AM/FM to take on role of public information officer for the Illinois Department of Public Health. The progressive talk host – who’s been hosting the 4:00 pm to 6:00 pm show – admits to the State Journal Register that he feels “incredibly fortunate to have been given the platform and latitude” to express his views on his talkim show on the station for nearly three decades. Leach tells the news outlet that his role as “a smart, local progressive-leaning talk show on a commercial radio station is going the way of the dinosaur. ‘It was certainly my hope to make sure that we had a wide array of viewpoints and to make sure a lot of people’s views and opinions were heard, and I feel like we accomplished that. I find that a really gratifying part of the job. We opened up that platform and that ability to be heard to a wider audience.’” Additionally, the new lineup does not include current early evening host Frank McNeil, who tells the State Journal Register that station management suggested another time for his program that “wasn’t acceptable at this point in time.” See more from the State Journal Register here.

Industry News

Salem Receives Delisting Notice from Nasdaq

On Friday (6/23), Salem Media Group, Inc received notice from The Nasdaq Stock Market that Salem’s Common Stock failed to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market based upon the closing bid price of the Common Stock for the 32 consecutive business daysim prior to the date of the notice. Salem now has a compliance period of 180 calendar days in which to regain compliance for the minimum bid price requirement. That expires on December 20, 2023. To regain compliance, the minimum bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days at any time prior to the compliance date. In its filing with the Securities and Exchange Commission, Salem says it intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

Industry News

Dom Giordano Day in Wildwood, New Jersey

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Pictured above is WPHT, Philadelphia talk host Dom Giordano (left) with Wildwood, New Jersey Mayor Pete Byron (center), and Curtis Di Domizio of the Real Diamond Tribute Band (right) at Mulligan’s Shore Bar and Grill for a remote broadcast to celebrate Dom Giordano Day. The annual event was created four years ago by Mayor Byron and is celebrated every June 22. The show was broadcast live on WPHT from 12:00 noon to 3:00 pm.