Industry News

Round One of January PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s January 2024 PPM survey has been released for 12 markets including New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). The survey period covered January 4 – 31. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media’s news/talk WABC-AM adds half a share to finish with a 3.5 share (weekly, 6+ AQH share) and remains ranked #11, while iHeartMedia’s news/talk WOR-AM rises half a share to a 1.7 share that lifts it to the #17 rank. In Los Angeles, iHeartMedia’s news/talk KFI adds nine-tenths for a 4.5 share finish good for the #3 rank in the market. In Chicago, Nexstar Media Group’s news/talk WGN-AM is up a half share, finishing with a 3.1 share and the #10 rank, while Cumulus Media Group’s news/talk WLS-AM rises two-tenths to a 1.9 share and moves up one spot to the #18 rank. And in Atlanta, Cox Media Group’s WSB-AM/WSBB-FM claims the #1 rank after rising 1.2 shares to an 8.6 share. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Katz Gets Tat for Charity

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Pictured above is WRVA, Richmond afternoon drive personality Jeff Katz (left) showing off his new Special Olympics of Virginia tattoo. Katz has been involved with Special Olympics for 20 years and during the most recent fundraising drive, he teamed up with Chesterfield County Sheriff Karl Leonard (right) and they promised to get matching Special Olympics of Virginia logo tattoos if they were able to raise $15,000. Needless to say, they raised the money, and they got the ink. At center is Mike Ivey, owner of Journey’s End Tattoo Studio in Powhatan, Virginia who donated his services.

Industry News

Good Karma Brands Unveils Milwaukee Bucks Content

Good Karma Brands launches Bucks+ Audio, a new audio platform created by the company and the Milwaukee Bucks. The first five podcasts dropped at Bucks.com/Plus. The initial podcasts are: “Behindim the Bucks,” presented by Gallagher; “Hear District,” hosted by Marques and Kris Johnson, “Bucks in Six,” hosted by Greg Matzek, “Thanalysis,” hosted by Thanasis Antetokounmpo and “Courtside with Gale Klappa.” GKB Milwaukee market manager Greg Scalzo says, “Bucks+ Audio connects Bucks fans to the team in an innovative audio format. The first podcasts provide a deeper look into the Bucks and share untold stories of the team and organization.”

Industry News

NRB 2024 Underway in Nashville

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Pictured above is Salem Radio Network vice president, news & talk programming Tom Tradup (right) with New York Times best-selling author Joel C. Rosenberg (left) at the 80th National Religious Broadcasters association conference in Nashville. Rosenberg – founder and editor-in-chief of All Israel News – hosts the weekly “Rosenberg Report” from Jerusalem on Trinity Broadcasting Network. NRB 2024 concludes tomorrow evening with an address by former President Donald Trump.

Industry News

TALKERS News Notes

iHeartMedia chairman & CEO Bob Pittman and COO & CFO Rich Bressler will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference on Tuesday March 5 at 5:50 pm ET. A live webcast of the session will be available to the public at the start of the session through a link on the Investors homepage of iHeartMedia’s website (https://investors.iheartmedia.com/). A replay of the webcast will be available in the Events & Presentation section of iHeartMedia’s Investors homepage.

New England Public Media’s popular local radio show “The Fabulous 413” celebrates its first anniversary on WFCR-FM, Amherst, Massachusetts “88.5 NEPM.” Program co-host Monte Belmonte says, “I’m not one to generally look back or laud anniversaries, but I’m very proud to be a part of this program that Kaliis [Smith] and I have built with the team over the past year here at NEPM. We originally likened this show to ‘Mr. Rogers’ Neighborhood’ for adults, and I hope we’ve done our best to live up to that lofty goal. And whether you’re working in public media or not, what better role model is there to aspire to than Fred Rogers?”

Public media firm GBH announces a $5 million grant from The Fiducia Fund to support “The Culture Show,” a daily news program shining a spotlight on arts and culture. GBH says the grant, pledged over a five-year period, will allow for the show’s sustainability and expansion to multiple platforms, including streaming on YouTube, a daily podcast, a weekly newsletter, events that include live broadcasts at the GBH Studio at the Boston Public Library, and featured segments on GBH News’ Greater Boston, a daily news program airing on GBH 2, and streaming live on YouTube. GBH president and CEO Susan Goldberg comments, “The arts are vital to a thriving community and ‘The Culture Show’ brings the local arts scene to the forefront for our listeners. This extraordinary commitment from The Fiducia Fund is the largest gift ever dedicated to GBH News. It is invaluable to ensuring we can continue to expand our coverage of the arts.”

Industry News

Yesterday’s (2/20) Top News/Talk Media Stories

The presidential race and former President Donald Trump’s FOX News Channel town hall event; the U.S. migrant crisis and Trump’s plans for “mass deportations”; the battle in Washington over aid to Ukraine and the death of Vladimir Putin critic Alexei Navalny; the failed UN resolution for a cease fire in Israel’s war against Hamas in Gaza; the Alabama Supreme Court rules frozen embryos are children; Wikileaks founder Julian Assange‘s bid to avoid extradition to the U.S.; and two adults are charged with homicide in the Kansas City Chiefs parade shooting were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

Veritonic and Realeyes Unveil Audio Attention Report

Audio analytics and research platform Veritonic, in partnership with computer vision and attention AI company Realeyes, publishes their first Veritonic Audio Attention Report that analyzes effective audio advertising. The report provides data-backed insight into the importance of creative efficacy programs for audio andim podcast advertising. Some of the key takeaways include: 1) Attention quality was highest for the audio ad that had the highest voiceover volume (36%) as opposed to the ad that had the lowest voiceover volume (27%) and the ad that had too many competing elements within the creative (25%); 2) 75% of participants reported a good quality audio ad positively influences their consideration to purchase a product; and 3) The inclusion of multiple competing audio components elements within an audio ad caused the ad to score lower in terms of overall quality than the ads without multiple competing elements. You can get the full report here.

Industry News

KDKA-AM, Pittsburgh’s Marty Griffin Hospitalized

KDKA-AM, Pittsburgh morning drive co-host Marty Griffin is currently off the air at the Audacyim news/talk outlet and has been admitted to the hospital at UPMC dealing with what he called “crazy, insane” pain in his throat. Griffin, who battled throat cancer several years ago and has been in remission, says that late last week he couldn’t swallow anything and that the pain was something he never felt in his life. At this time, Griffin has been diagnosed with pneumonia, but doctors are also trying to determine if he has an infection of if the cancer has returned.

Industry News

Chanley Painter Named FNC Overnight Anchor

FOX News Channel signs Court TV’s Chanley Painter as overnight anchor, effective February 26. Aim Court TV correspondent since 2019, Painter has covered the high-profile trials of Bryan Kohberger, Johnny Depp v. Amber Heard, Alex Murdaugh, Harvey Weinstein, and the death of George Floyd. In 2021 she was awarded the Scripps Give Light award for leadership, dedication, and hard work in legal journalism. She got her start in the industry in 2016, as a legal analyst for Nexstar Media Group, where she went on to become a multimedia journalist. Painter earned a Juris Doctor degree with high honors from the University of Arkansas Little Rock Bowen School of Law.

Industry News

Alabama Broadcaster J. Holland to Retire

YHN Media Group, LLC announces that Alabama radio personality J. Holland will retire from theim Yellowhammer News Network later this month, putting the wraps on a broadcast career of 50 years. Most recently, Holland has been the afternoon news anchor on the network. During his career, he’s served with more than 25 radio stations. In the early 1990s, he moved into the news/talk format, serving with WAAX, Gadsden before moving on to WVNN, Huntsville and then WERC, Birmingham. He’s been with the Yellowhammer News Network since 2015.

Industry News

SiriusXM and RealClearPolitics Partner for New Show

SiriusXM announces a new weeknight political program produced in collaboration with the independent,im non-partisan media company, RealClearPolitics. The “RealClearPolitics” show premieres on February 26, airing nightly from 6:00 pm to 7:00 pm ET on SiriusXM’s P.O.T.U.S. channel 124. RealClear Media Group chief content officer Andrew Walworth hosts the show along with co-hosts Carl Cannon and Tom Bevan.

Industry Views

Pending Business: Q2

By Steve Lapa
Lapcom Communications Corp
President

imHave we passed the disappointment of 2023?

If ad sales at your radio station finished last year up double digits (excluding digital) please skip past the next few paragraphs. If you’re in the same boat as most radio ad sellers across the country at various levels – i.e. local, national, syndication, network – last year was a struggle.

Now then, how is Q1 shaping up?

Are you making up for lost ground, like the airline business, automotive business, restaurants or are you still pushing that boulder uphill? Here is some straight-from-the-field unfiltered feedback:

1. Valentine’s Day at most restaurants was one of the busiest on record. People at the packed-in table next to ours waited two hours after sitting to be served. So much for a 6:45 pm reservation. They got free dessert. Seriously?

2. Travel is back, make no mistake about it. Discount airfares are a thing of the past on the big-name airlines. At 6’2” I really believe my knees should not be touching the seat in front of me in comfort class on most major airlines.

3. Try negotiating a new car deal this month. No, not the incentives on the 2023 models, I’m talking 2024 in 2024. As the goodfellows said back home, fuhgeddaboudit.

There is nothing wrong with trying to make up for the lost income of the Covid years. After all, testing the pricing upside in business is the American way. We pay more, tip more, and adjust. It is the Darwin theory eating into our wallets every day. So why are most broadcast radio sales teams at all levels still throwing it against the wall to see what sticks? I see it every day in my marketing work. We have lost touch with the excitement, the “wow” factor, the customizations, the basic intangibles of selling the great talent we represent.

Let us learn from other successful businesses. Travel pitches pent-up demand, restaurants make sure you will get the special occasion marketing message no matter where you are, and the auto business, well the ships and chips are in!

What do we not understand about the current weakness in our broadcast radio sales strategy?

1. How current is your value proposition? Successful podcasters like Joe Rogan and Alex Cooper along with YouTubers, Facebook, Instagram, and all social media have changed the game-forever. How does your value proposition stand out today?

2. Talk radio will not go away. Programmers and talent will learn what they need to adjust to refocus one of the great radio formats ever created since someone said, “Let’s play the top 40 songs over and over.”

3. Let us start re-thinking what broadcast radio sellers need to prioritize to make a difference-today.

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

Industry Views

Monday Memo: The Local Radio Advantage

By Holland Cooke
Consultant

imIf you’re a news/talk station, don’t assume that you own “news radio” in your market. Imaging is important, but it merely talks-the-talk. You walk-the-walk with local news copy that delivers what solid commercial copy does: benefits. Just doing local news makes you special. But do listeners simply hear a station voice… reading something? Are you merely… accurate? Or do you deliver “take-home pay,” unwrapping the story to tell the listener something useful?

In many homes, there are now fewer radios than smart speakers. And nobody has ever said: “Alexa, please play six commercials.” But she can play millions of songs. So do streams and YouTube.

What can make a music station different from all those other audio choices is the way you help folks cope, how relevant and empathetic you are, how you sound like you have-their-back as day-to-day news has them wondering “What NEXT?”

And boosting tune-in exposes your advertisers better. So, Time Spent Listening is still the ballgame. Specifically, you need to add occasions of tune-in, and this week’s column begins a three-part series of news copy coaching tips that can help bring listeners back more often.

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Simply rewriting source material can make a huge difference. Press releases torture the ear. They’re formal, and prone to jargon and spin (especially from politicians). When they’re from the police, they’re written in cop-speak. And most press releases are written inside-out, emphasizing a process, rather than the consequence to listeners.

Process example: “At Thursday’s work session of the Springfield City Council, a decision was made to move forward with Community Days this year. The annual Community Days celebration is scheduled for June 16 and 17th. Council members made sure the Community Days funds will be handled by an independent accountant. Councilwoman Sharon Grant said…”

Re-write to lead with consequence: “The annual Springfield Community Days celebration will be June 16th and 17th. After last year’s controversy, Council members made sure the Community Days funds will be handled by an independent accountant. At Thursday’s session, Councilwoman Sharon Grant said…”

That simple tweak is well-worth the minimal effort. Listeners are mentally busy. Remove “Styrofoam words.”  Example: “State Police say they are investigating a possible case of child endangerment after a seven-month-old child was treated for severe injuries.”

Simply delete “say they.”

Next week: Ripped from the headlines… 

Holland Cooke (HollandCooke.com) is a consultant working at 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

WXYT-FM, Detroit’s Mike Stone Signs Off

Longtime Detroit sports media personality Mike Stone, a.k.a., Stoney, co-hosted his last show on Friday (2/16) as he retires from Audacy’s WXYT-FM, Detroit “97.1 The Ticket.” The Detroit News report says,im “He arrived in the area in 1986, and in 1994, he helped launch WDFN ‘The Fan.’ In the late 1990s, he teamed with Bob Wojnowski for the ‘Stoney and Wojo Show,’ that made Stone a household name for decades to come.” Stone told his listeners, “I am somewhat sad that I will not be on the air every day. But I know that sadness ends when there’s no fricking alarm at 4:30 in the morning.” Read the Detroit News’ coverage here.

Industry News

TALKERS News Notes

PodcastOne acquires the exclusive sales and distribution rights to “Camp Counselors with Zachariah Porter and Jonathan Carson.” The podcast first launched in 2022 and has released nearly 100 episodes to date. PodcastOne president and co-founder Kit Gray says, “We’re thrilled to welcome ‘Camp Counselors with Zachariah Porter and Jonathan Carson’ to our network at PodcastOne. Zachariah and Jonathan have created a great comedic podcast, and we’re looking forward to putting our considerable marketing and ad sales strength behind the show to grow its listenership and revenue potential.”

Multimedia sports platform OutKick says January data from Comscore credits it with 7.1 million total multiplatform unique visitors, up 22% versus December 2023. It also delivered 33 million total multiplatform views in January 2024, up 29% versus December 23, and saw 33 million total multiplatform minutes, up 27% versus the prior month. OutKick founder Clay Travis says, “We kick off the year once again with numbers that not only speak to the platform’s growth but our commitment to providing engaging content to our audience. OutKick is the only destination for common-sense reporting with talent that’s unafraid to speak their minds on any topic. I’m looking forward to an exciting year and continuing to drive the conversation.”

Industry News

Nielsen: Radio Can Grow Reach of Political Campaigns

Audacy SVP and head of research & insights Idil Cakim dives into a new political study by Nielsen (commissioned by iHeartMedia, Audacy and Cumulus) that suggests advertising on radio can provide political campaigns with an edge and help “connect with key voter groups and amplify other political advertising.” The Nielsen study – Optimizing Political Campaigns in November – concludes that “if a campaign reallocated 20% of existing ad dollars to radio, it couldim reach 17% more voters.” The study references Pennsylvania Senator John Fetterman’s 2022 campaign, noting that it deployed radio to reach voters in Philadelphia and Pittsburgh. In doing so, it allocated 20% of media dollars to radio and generated a 10% lift from radio above the local TV campaign, amounting to 676,000 additional voters at no extra cost. Audacy SVP of strategy, partnerships and analytics Jon Blum says, “When campaigns activate a TV plan, they should activate a corresponding radio plan and incorporate it into the mix with TV. The portion of the population that isn’t reachable via TV could be the swing vote and what throws it over the top for a candidate.” Nielsen’s study noted that if a campaign moved 20% of ad spending to radio, the optimized media plan would connect with 15% more Democratic and Republican voters and 23% more unaffiliated voters. See more about the study here.

Industry News

FOX News Digital Leads News Set in Multiplatform Views and Minutes

FOX News Digital reports that, according to data from Comscore, it finished January continuing its streak as the top news brand with both multiplatform views and minutes. FOX News Digital closed outim the month reaching 3.27 billion total multiplatform minutes, compared to CNN.com’s 1.85 billion, and NYTimes.com’s 1.59 billion. FOX News Media attracted 1.66 billion total multiplatform views, compared to NYTimes.com’s 1.49 billion, and CNN.com’s 1.17 billion. When it comes to total digital unique visitors – similar to radio’s cume – CNN.com still holds the lead with 112.7 million. But FOX News Digital (109.7 million) has gradually been gaining ground on CNN.

Industry News

TALKERS News Notes

The Broadcasters Foundation of America announces that award-winning ABC News correspondent and co-anchor of “20/20,” Deborah Roberts, will honor Deborah Norville as this year’s recipient of the Edward F. McLaughlin Lifetime Achievement Award. The Award will be presented to Norville during the Golden Mic gala and fundraiser on March 4 at the Plaza Hotel in New York City. Roberts says, “I’m looking forward to being a part of this well-deserved recognition of Deborah’s outstanding work as a broadcast journalist.”

FOX News Channel’s John Roberts will present a town hall with 2024 Republican presidential candidate and former U.N. ambassador Nikki Haley on Sunday, February 18 in Columbia, South Carolina. The pre-taped one-hour event will air at 5:00 pm ET with an encore at 10:00 pm ET.

Job Opportunity

Hubbard Has PD Opening in West Palm Beach

Hot AC 97.9 WFRM-FM in West Palm Beach has a very rare PD opportunity. The current PD for WRMF, Randi West, was offered the opportunity to continue on but has decided that after four years of commuting between Tampa and West Palm Beach, to step away from her position to devote more time to family. WRMF is an award-winning station with the legendary, family-owned Hubbard Broadcasting group. The top station in one of the fast-growing metros in the country with arguably the best weather anywhere on the planet! Reporting to operations manager, Bruce Logan, you would be equipped with market leading shows like the “KVJ Morning Show.” The ideal candidate for this role will have at least 5 years of programming experience in medium to major markets. The candidate should also possess amazing talent coaching skills and knowledge with digital performance. Learn more and apply here.

Industry News

Post: Soros Fund Management Buys Audacy Debt

According to a story in the New York Post, the George Soros controlled Soros Fund Management has bought $400 million worth of Audacy’s debt, estimated to be about 40% of the company’s total senior debt. Theim  Post says it confirmed the report with Audacy and the company added, “The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business.” The story cites an insider close to the situation who is a Republican saying he believes its “possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.” Read the Post story here.

Industry News

Compass Media Networks’ Michelle Salvatore to Leave the Company

Compass Media Networks announces that sports division SVP and general manager Michelle Salvatore is resigning after more than 15 years with the company to pursue an entrepreneurial opportunity outside of media. The company says Salvatore will continue with the company through the spring and will advise the company on a transition plan. Compass founder and CEO Peter Kosannim says, “Back in Spring of 2009, during the chaos and sleepless nights involved in launching this national media company, the media gods sent me an angel in the form of Michelle Salvatore. Michelle faced down every challenge, worked tirelessly and with good cheer, and set a gold standard of excellence for not only Compass Media Networks, but our industry. We love and will miss Michelle dearly. Our goal is to build upon the greatness she created as we move ahead into the next chapter of our evolution.” Salvatore comments, “Working at Compass Media Networks literally changed my life for the better. I was able to travel the globe, producing games throughout the United States, Latin America and Europe, and had the chance to work with incredibly talented, passionate, and kind people. I am forever grateful to my dear friends at Compass Media Networks.”

Industry News

TALKERS News Notes

iHeartMedia, Inc will report financial results from Q4 2023 and the full year of 2023 on February 29 and will conduct a conference call at 8:30 am ET to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia’s website.

STC Media, LLC announces that its flagship program, “Sports Talk Chicago,” adds two new affiliate stations as WZPN-FM, Peoria “101.1 Peoria Sports Radio” and WRLR-LP FM “98.3 The Life” pick up the show. STC Media president and show host Jon Zaghloul says, “I’m so excited to continue to expand ‘Sports Talk Chicago’ with such supportive partners. We have been looking to add to our reach in both Peoria and Northern Illinois for quite some time, so being a part of 101.1 and 98.3 moving forward is extremely fulfilling!”

iHeartMedia and Charlamagne Tha God’s The Black Effect Podcast Network teams up with John Hope Bryant to launch “Money and Wealth,” a new weekly podcast about financial wellness and developing a wealth mindset. Bryant comments, “Last year, I was honored to join the board of the Black Effect Podcast Network. Now, I’m equally excited to join the incredible lineup of leaders creating content that enlightens and empowers our community. I’ve spent my career as an entrepreneur and executive dedicated to making sure we’re confident and equipped to succeed in the free enterprise system. The color today is not black or white or red or blue – it’s green, as in the color of money. I look forward to sharing not just what I’ve learned about making money, but most importantly, what I know about building wealth.”

Industry News

The “Taylor Swift Effect” on Edison Research’s Q4 Podcast Chart

Edison Research publishes its Top 50 U.S. Podcasts chart for the fourth quarter of 2023, based on total audience reach from its Edison Podcast Metrics. “The Joe Rogan Experience” remains ranked #1, with audiochuck’s “Crime Junkie” steady at #2 and The New York Times’ “The Daily” maintaining the #3im spot. But the big story is the rise of WSE Originals’ “New Heights with Jason and Travis Kelce” shooting from #67 in the Q3 2023 report to #6 in the Q4 chart. (The show was not in the top 100 in the Q2 2023 survey.) Edison says the show starring Taylor Swift’s boyfriend Travis Kelce “gained four and a half times the number of listeners and saw a change in composition to 50% female listeners.” Other noteworthy moves from radio-related podcasts include The DailyWire’s “The Ben Shapiro Show” rising from #17 in Q3 to #9 in Q4 and Cumulus Podcasts Network’s “The Dan Bongino Show” climbing from #29 in Q3 to #26 in Q4. Edison’s Q4 2023 ranker was conducted from October 9, 2023 to December 23, 2023, and is based on surveys of 5,356 weekly podcast listeners age 13+.

Industry News

WTOP Dedicates Studio to Late Production manager George Moshos

Hubbard Broadcasting’s all-news WTOP News announces the dedication of its production studio as The George Moshos Production Studio, in memory of longtime production manager George Gusim Moshos. Moshos died on January 11 and today (2/14) would have been his 67th birthday. General manager Joel Oxley says, “George helped me so much when I first started at WTOP 30 some odd years ago. I knew little about production and he let me know it. His gruff demeanor and direct style took a minute to get used to. But it didn’t take long for me to realize this guy with the glint in his eyes was a person who cared. Really cared. About his job and doing it right and more importantly about people. He touched so, so many people and made things better for them. Seems only right to name where he spent so much of his time ‘The George Moshos Production Studio.’”

Industry News

TALKERS News Notes

FOX News Channel’s Laura Ingraham will present a town hall with former President Donald Trump on February 20 in Spartanburg, South Carolina at 7:00 pm ET on “The Ingraham Angle.”

“The Money Pit Home Improvement Show,” co-hosted by Tom Kraeutler and Leslie Segrete, announces that it adds stations in Los Angeles and Houston, and “upgrades its exposure” in New York, Dallas, Philadelphia, and Boston. The program is now heard on 450 stations across the U.S. Kraeutler says he attributes this growth to radio stations’ interest in programming that addresses homeowners’ Do-It-Yourself solutions, and advertiser demand for related products and services, “especially on weekends, when homeowners are planning and shopping for what they need to get the job done.” Segrete adds, “Taking on a home improvement project can be daunting, so Tom and I offer callers clear, step-by-step suggestions to do the job themselves or guidance on hiring a pro.”

Motor Racing Network is broadcasting live today (2/14) from Daytona 500 Media Day where representatives from the network will talk with every driver attempting to win at the high banks of Daytona International Speedway. The 2024 Daytona 500 is Sunday (2/18) with Motor Racing Network coverage beginning at 1:30 pm ET and airing on 350 radio stations across the U.S.

Industry News

iHeartMedia Makes $101 Million from BMI Deal

iHeartMedia files an 8-K Form with the Securities and Exchange Commission announcing that theim previously announced acquisition of Broadcast Music, Inc. (“BMI”) to a shareholder group led by New Mountain Capital, LLC has closed, and the company has received $101.4 million of proceeds related to its equity interest in BMI. iHeartMedia says it plans to use the proceeds for general corporate purposes, which may include the repayment of debt.

Industry News

Saga to Acquire Lafayette, Indiana Cluster from Neuhoff

Saga Communications announces that it has entered into an agreement to purchase the assets of Neuhoff Communications’ Lafayette, Indiana radio stations sports talk WASK-AM, country WKOA-FM, rock WKHY-FM, classic hits WASK-FM, CHR WXXB-FM, and FM translator W269DJ for $5.3 millionim. Saga Communications president and CEO Chris Forgy comments, “We regretted missing the opportunity to acquire these stations a number of years ago when the Neuhoff family acquired them. These stations are a great fit for Saga. We see a lot of opportunity with these stations and this market and are pleased that the family has decided to entrust Saga with continuing these station’s long-standing heritage of serving the Greater Lafayette region. Saga intends to continue building its business in radio by identifying and acquiring middle market stations in dynamic communities.” KALIL & CO., INC was the exclusive broker.

Industry News

Bob Edwards Dies at 76

Longtime NPR and SiriusXM radio host Bob Edwards passed away on Saturday (2/10) at 76. Edwards was the host of NPR’s “Morning Edition” for almost 25 years and his firing from the position in 2004 caused a stir with the program’s faithful listeners. He was the first host of the program that launched in 1979. Edwards would sign on with SiriusXM to host an eponymous program that would continue through 2015. See the Washington Post obituary here.

Industry News

More Results from Cumulus’ Podcast Download Report

The latest blog post from Cumulus Media | Westwood One’s Audio Active Group presents more information from the Cumulus Media-Signal Hill Insights Podcast Download Fall 2023 report conducted by MARU/Matchbox. Some of the findings of this survey of 608 weekly podcast consumers include: 1) Podcast consumers connect with their favorite hosts on social platforms. Podcast consumers are lookingim to connect with their favorite hosts and shows on social media. Half of weekly podcasts consumers follow their favorite podcast hosts on one of the social platforms; 2) Younger 18-34 podcast consumers are more likely to follow their favorite hosts on social media. Compared to 35-49 and 50+ podcast consumers, 18-45 podcast consumers are more engaged socially with podcast hosts. 68% of podcast consumers 18-34 follow their favorite hosts on social media. 55% of 35-49s follow favorite hosts on social. 40% of those 50+ follow favorite podcast hosts on social; and 3) YouTube towers as a podcast discovery platform: 19% of weekly podcast consumers use YouTube to find podcasts. When asked which social platform they’ve used to find podcasts, 19% of podcast consumers are turning to YouTube, more than all other social media platforms combined. See the blog post here.

Industry News

Podtrac Lauches Global Ranker Including YouTube Views

Podtrac announces that it is launching its newest ranker – The Podcast Global Industry Ranking of Top Publishers and Networks – of which it says, “For the first time, the global reach of top podcast publishers and networks is being made publicly available for advertisers, agencies, and the industry at large.  Andim while traditional podcast metrics and rankers have focused on the RSS distribution of podcasts, Podtrac’s new Global ranking also includes the viewership of podcasts on YouTube – another industry first.” The company adds, “By encompassing YouTube viewership alongside traditional metrics, the industry gains an improved framework for capturing podcast engagement across platforms and borders. It provides advertisers, agencies, and industry stakeholders with the reach and influence of the key podcast players.”

Industry News

UNESCO Takes Strong Position on the Continuing Need to Protect AM Radio in Cars (and All Terrestrial Radio)

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In conjunction with today’s celebration of World Radio Day 2024 (WRD 2024), the United Nations educational, scientific and cultural agency UNESCO has issued a powerful statement supporting the necessity of AM radios remaining in automobiles and the importance of all “terrestrial” radio for the maintenance of freedom and peace throughout the world. The following position titled “Radio, the Trusted Guide in a Changing World” has been posted on UNESCO’s WRD 2024 web page:

Article 19 of the Universal Declaration of Human Rights states: “Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.” World Radio Day 2024 marks 100 years of radio, a period in which it has become the medium that is arguably closest to human hearts and minds, providing news, entertainment and education in all corners of the world. It satisfies our need to be informed both for day to-day decision-making and in times of emergency and crisis. Over the past century, radio has proved itself as a crucial medium in maintaining freedom of opinion and expression, often being the only one still up and running in times of crisis. Studies have repeatedly shown that radio has the greatest trust, with most citizens rating it above television, the internet, social networks or the written press. Radio is a triumph of accessibility, immediacy and intimacy, and there’s a strong public-interest case for protecting it and our access to it. We believe that remaining easily accessible to all people, in all places, regardless of how they receive radio means using terrestrial broadcast networks (both analogue and digital) – still relied upon by the majority of listeners globally – and fostering online access to radio that is just as democratic and open. Cars are a particular concern, consistently among the most popular locations for radio listening. Whether it is terrestrial broadcast or internet, radio in cars should not just be easy to find, it must be impossible to miss. Information is a public good and a shared resource for all of humanity. Radio has its place in the digital transformation of the information ecosystem, complementing the internet and digital platforms. The evolution of communication technologies should advance people’s right to receive information and ideas through any media – instead of regressing it. We call upon governments, regulatory bodies, the technology and automotive industries, and all members of the global radio community to put safeguards in place to ensure that radio continues to thrive; to protect the free and unfettered access radio provides to a plurality of opinions and to trusted information; to allow radio to continue to help communities and all minority language speakers to receive information and participate in democratic processes; and to ensure radio remains available to all people regardless of their financial means or personal circumstances. 

TALKERS founder, Michael Harrison, who has served as executive advisor to UNESCO on WRD 2024 and fully supports its stated position on preserving radio, states, “Working with UNESCO in this capacity has sharpened my global perspective on the AM car radio issue in as much as the argument in America focuses primarily on the use of radio for emergencies – a limited and short-sighted proposition to whichim the automobile industry has intelligently responded. The issue however is much larger. As UNESCO’s chief of section for media development and society, Mirta Lourenco puts it, ‘The free flow and easily accessible information provided by terrestrial radio supports the spirit of the First Amendment via the concept of media pluralism and more. This expands to a valid concern about privacy rights – which is equally important to freedom and democracy. With GPS and internet platforms simultaneously in our cars, we are turning the enormous power to invade the privacy of individuals over to a mere handful of Big Tech giants. They know what and who we listen to, including where, when and how we travel.’” Harrison adds, “Finally, I am compelled as a lifelong radio broadcaster and publisher of a major trade journal to protect the viability of radio stations as a going concern and the well-being of their owners, employees, and listeners.”

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