Industry News

TALKERS 2024 Conference Set for Friday, June 7

Powerful Speaker Roster Being Set for TALKERS 2024 – Glenn Beck, Fred Toucher and Brian Kilmeade to Appear in Key Roles 

The 27th annual presentation of the longest running and most important national talk media gathering scheduled for Friday June 7 at Hofstra University on Long Island is being organized with 60+ industry notables set to speak.  Highlights include a special guest keynote address by Premiere Networks superstar Glenn Beck in addition to exclusive morning and afternoon “Fireside Chats” with WBZ-FM, Boston (“98.5 FM The Sports Hub) morning co-host Fred Toucher and FOX News Radio/FOX News Channel host Brian Kilmeade, respectively.

The power-packed, one-day event will again be presented by TALKERS  in association with the prestigious university’s multi-award-winning station WRHU Radio. TALKERS VP/executive editor Kevin Casey says, “We are delighted to be able to join forces again with our colleagues at Hofstra – the site of our very successful 2023, 2022, 2021 and 2016 events – and enjoy the remarkable resources that its Lawrence Herbert School of Communication brings to the table.” TALKERS 2024 will boldly address key issues – some existential – facing the talk radio and talk media industries at this dramatically critical juncture of rapidly accelerating technological and societal change as well as identifying the remarkable opportunities inherent in these developments. The focus, as always, will be on talk radio and its changing relationship with the larger arena of “audio” and “video” including podcasting, satellite, and digital venues. News/talk, sports talk, all-news, and general talk will be amply covered. The conference will also provide participants with unique and powerful networking opportunities.

The speakers already confirmed include Dr. Asa Andrew, host/owner, The Doctor Asa Show/The Doctor Asa Network; Michael “Bax” Baxendale, morning co-host, WAQY-FM, Springfield, MA; Glenn Beck, host, “The Glenn Beck Show”/Premiere Networks; Vince Benedetto, CEO/founder, Bold Gold Media Group; David Bernstein; GM, broadcast operations, TALKERS; Scot Bertram, GM, WRFH/Radio Free Hillsdale 101.7 FM; Grace Blazer, VP, national NTS brand coordinator, director of news and AM programming Florida region, iHeartMedia Miami; Phil Boyce, SVP, spoken word format, Salem Media Group; Ops VP, New York region/WMCA/ AM 970 The Answer; Bill Brady, owner/host, KFNX, Phoenix; John Caracciolo, President/CEO, JVC Broadcasting; Howie Carr, host, Howie Carr Radio Network; Kathy Carr, president, Howie Carr Radio Network; Kevin Casey, VP/executive editor, TALKERS; Heather Cohen, president, The Weiss Agency; Alex Fife, VP operations, Southeast, iHeartMedia – Total Traffic & Weather Network; Rob Finnerty, host, “Wake Up America,” Newsmax TV; John Fredericks, owner/host, John Fredericks Radio Network; Mike Gallagher, host, Salem Radio Network; Dom Giordano, host, WPHT, Philadelphia; Lee Habeeb, CEO/host, “Our American Stories”/American Private Media; Matthew B. Harrison, VP, associate publisher TALKERS/senior partner, Harrison Media Law; Michael Harrison, publisher, TALKERS; Ron Hartenbaum, managing member, WYD Media; Scott Herman, chairman, Broadcasters Foundation of America; Harry Hurley, host, WPG, Atlantic City; Victoria Jones, executive director, DC Radio Company; Jeff Katz, host, WRVA, Richmond; Brian Kilmeade, host, FOX News Radio/FOX News Channel; Kraig T. Kitchin, CEO, Sound Mind, LLC; Chris Krok, host, WBAP, Dallas; Steve Lapa, president, Lapcom Communications Corp; Josh Leng, CEO/founder, Talk Media Network; Mark Lukasiewicz, dean, Lawrence Herbert School of Communication, Hofstra University; Mike McVay, president, McVay Media Consulting; Frank Morano, host, WABC, New York/Red Apple Audio Networks; John T. Mullen, GM, WRHU-FM/WRHU.org, Hofstra University; Chris Oliviero, market president, Audacy New York; Deborah Parenti, publisher, Radio Ink/RBR+TVBR/Podcast Business JournalWalter Sabo, consultant, Sabo Media Implementers/host “Sterling On Sunday,” TMN; Greg Stocker, brand manager, WPHT, Philadelphia; Tavis Smiley, host/owner, KBLA, Los Angeles/Smiley AudioMedia; Todd Starnes, host/president, The Todd Starnes Show Syndication/owner, KWAM, Memphis; Doug Stephan, CEO/founder, Stephan Multimedia/host “Good Day” morning show; Julie Talbott, president, Premiere Networks; Joe Thomas, host/PD, WCHV, Charlottesville, VA/PD, WRAD, River Valley, VA; Fred Toucher, co-host, morning show, WBZ-FM, Boston (“98.5 The Sports Hub”); Dr. Daliah Wachs, host, Genesis Communications Network; Brett Winterble, host, WBT, Charlotte; Larry Young, host, WOLB, Baltimore; and Martha Zoller, host, WDUN, Gainesville, GA.  More speakers will be named in the coming days.

Attendance at the conference is limited to members of the working media and directly associated industries as well as communication students enrolled in accredited learning institutions. All attendees will be required to register in advance on the phone payable by credit card. Because attendance will be limited and the agenda outstanding, the conference is again expected to be an early sellout. The all-inclusive registration fee covering convention events, exhibits, food, and services for the day is $379. Because space will be limited and a sellout is anticipated, all registrations are non-refundable. To register for TALKERS 2024 or to obtain sponsorship information, call Barbara Kurland at 413-565-5413. The closest hotel to the conference is the nearby Long Island Marriott-Uniondale.  For reservations click here.

Industry News

Round Two of February PPMs Released

imThe second of four rounds of ratings data from Nielsen Audio’s February 2024 PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. The survey covered February 1 – 28. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets. In Washington, Cumulus Media’s news/talk WMAL-FM is steady at a 4.5 share (6+, weekly AQH share) and remains ranked #7, while Hubbard Broadcasting’s all-news WTOP-FM, sheds seven-tenths for a 7.6 share but stays ranked #2 in the market. In Boston, iHeartMedia’s news/talk WRKO adds four-tenths to finish with a 3.2 share that lifts it to the #13 rank, while sister all-news WBZ-FM rises three-tenths for a 4.9 share but remains ranked #6. In Detroit, Cumulus Media’s news/talk WJR tacks on four-tenths to finish the survey with a 2.5 share and moves up to the #14 rank, while Audacy’s all-news WWJ loses three-tenths, wrapping the survey with a 5.3 share and falling one spot to the #9 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Round One of February PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s February 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 February survey covered February 1 – 28. 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 adds three-tenths to finish the survey with a 3.8 share (6+, weekly AQH share) but remains ranked #11, while iHeartMedia’s news/talk WOR loses one-tenth for a 1.6 share finish and falls to the #20 rank. In Chicago, Nexstar Media Group’s news/talk WGN tacks on four-tenths to finish with a 3.5 share that lifts it to the #8 rank, while Cumulus Media’s news/talk WLS-AM adds two-tenths for a 2.0 share finish and remains ranked #18. Audacy’s crosstown all-news WBBM-AM/WCFS-FM fell eight-tenths to a 5.4 share but only regressed one spot to the #3 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

TALKERS 2024: Radio and Beyond Set for Friday, June 7

im

TALKERS 2024, the 27th annual edition of the talk media industry’s longest-running and most important national conference is set and going to be one of the storied event’s most important installments. The power-packed, one-day event will again be presented by TALKERS on Friday, June 7, 2024, on the campus of Hofstra University in Hempstead, New York in association with the prestigious university’s multi-award-winning station WRHU Radio. TALKERS publisher Michael Harrison says, “We are delighted to be able to join forces again with our colleagues at Hofstra – the site of our very successful 2023, 2022, 2021 and 2016 events – and enjoy the remarkable resources that its Lawrence Herbert School of Communication brings to the table.” TALKERS 2024 will boldly address key issues – some existential – facing the talk radio and talk media industries at this dramatically critical juncture of rapidly accelerating technological and societal change as well as identifying the remarkable opportunities inherent in these developments. The focus, as always, will be on talk radio and its changing relationship with the larger arena of “audio” and “video” including podcasting, satellite, and digital venues. News/talk, sports talk, all-news, and general talk will be amply covered. The conference will also provide participants with unique and powerful networking opportunities. There will be over 50 top industry speakers and registration will be limited to insure intimacy. Attendance at the conference is limited to members of the working media and directly associated industries as well as communication students enrolled in accredited learning institutions. All attendees will be required to register in advance on the phone payable by credit card. Because attendance will be limited and the agenda outstanding, the conference is again expected to be an early sellout. The all-inclusive registration fee covering convention events, exhibits, food, and services for the day is $379. Take advantage of the early bird fee of $279 available until 5:00 pm ET on Friday, March 15. Because space will be limited and a sellout is anticipated, all registrations are non-refundable. To register for TALKERS 2024 or to obtain sponsorship information, call Barbara Kurland at 413-565-5413. Nearby hotel information will be posted here shortly.

Industry News

Audacy Stations and Talent Receive PAB Honors

Audacy stations and hosts in Pennsylvania received 15 2024 Excellence in Broadcasting Awards fromim the Pennsylvania Association of Broadcasters. They include: WPHT, Philadelphia afternoon host Rich Zeoli and the morning show “Kayal & Company” both receiving 2024 Outstanding Local Radio Personality/Team honors, and news/talk KDKA-AM, Pittsburgh and all-news KYW-AM/FM, Philadelphia both receiving several programming honors. Recipients will celebrate at a luncheon in May.

Industry News

Ratings Analysis: All-News During the “Holiday” Survey

imToday, TALKERS magazine managing editor Mike Kinosian does a deep-dive into the recent performances of the all-news format during Nielsen Audio’s “Holiday” PPM ratings period. He writes, “Ever since Arbitron (now Nielsen Audio) instituted the Portable People Meter as ratings currency in 2007, the ‘Holiday’ ratings period has been a veritable goldmine for stations employing the wall-to-wall Christmas music programming strategy. Adult contemporary comprises the overwhelming majority of those outlets. Usually substantial, however, is the negative impact on many other formats in ‘Holiday’ sweeps.” See his analysis of the past four “Holiday” surveys here.

Industry News

Round Two of Holiday 2023 PPMs Released

imThe second of four rounds of ratings data from Nielsen Audio’s Holiday 2023 PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. The survey period covered December 7, 2023 – January 3, 2024. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Washington, Cumulus Media’s news/talk WMAL-FM dips four-tenths to a 3.1 share (weekly, 6+ AHQ share) but remains ranked #9, while Hubbard Broadcasting’s all-news WTOP-FM loses three-tenths to finish with a 6.3 share good for the #4 rank. In Boston, iHeartMedia’s news/talk WRKO added two-tenths for a 3.1 share finish that lifts it to the #9 rank, while sister all-news WBZ-AM declines four-tenths to a 4.7 share but remains ranked #5. In Detroit, Cumulus Media’s news/talk WJR rises one-tenth to a 2.4 share and climbs to the #15 rank, while Audacy’s all-news WWJ is steady at a 4.3 share and remains ranked #9. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Round One of Holiday 2023 PPM Ratings Released

imThe first of four rounds of ratings data from Nielsen Audio’s Holiday 2023 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 ratings period covered December 7, 2023 – January 3, 2024. 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 adds two-tenths to finish with a 3.0 share (weekly, 6+ AQH share) and remains ranked #11, while iHeartMedia’s news/talk WOR tacks on one-tenth for a 1.2 share finish good for the #21 rank, and Audacy’s all-news WINS-FM falls two-tenths to a 3.9 share but rises to the #9 rank. In Los Angeles, iHeartMedia news/talk KFI loses half a share to finish with a 4.6 share pulling it from the #2 to the #4 rank, while Audacy’s all-news KNX-AM/FM loses two-tenths to finish with a 2.5 share good for the #12 rank. In Chicago, Nexstar Media Group’s news/talk WGN-AM dips two-tenths for a 2.6 share finish leaving it ranked #11, while Cumulus Media’s news/talk WLS-AM is steady at a 1.7 share good for the #19 rank, and Audacy’s all-news WBBM-AM/WCFS-FM loses three-tenths to finish with a 4.9 share and remaining ranked #4. See Mike Kinosian’s complete Ratings Takeaways here.

Industry News

KNX, Los Angeles Addresses Retail Theft in Town Hall Broadcast

Audacy all-news KNX, Los Angeles held a live, one-hour town hall event before a studio audience in the  Audacy SoundSpace on L.A.’s Miracle Mile last night (12/12) titled, “Smash and Grab: Stealing theim Season.” The station says it “featured an informative, spirited, and sometimes fiery debate about the growing problem of organized retail theft and what can be done about it.” Appearing on the panel of experts were Todd Spitzer, Orange County district attorney; Marc Beeart, director of fraud & corruption prosecutions at the L.A. County District Attorney’s office; Lt. Sergio Perez, coordinator of the California Highway Patrol retail theft task force; Tinisch Hollins, executive director, Californians for Safety and Justice; and Charis Kubrin, criminologist, UC Irvine. Check out the program here.

Industry News

Round Two of November PPMs Released

imThe second of four rounds of ratings information from Nielsen Audio’s November PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. The survey period ran from October 12 through November 8. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Washington, Cumulus Media’s news/talk WMAL-FM is up six-tenths for a 4.6 share (weekly, 6+ AQH share) finish that lifts it to the #6 rank, while Hubbard Broadcasting’s all-news WTOP-FM declines seven-tenths to a 7.4 share as it falls to the #3 rank after 10 months at #2. In Seattle, Bonneville’s news/talk KIRO-FM adds half a share to finish with a 4.7 share that lifts it to the #6 rank, while Lotus Communications’ all-news KNWN-AM/FM rises four-tenths for a 2.6 share good for the #18 rank. In Phoenix, iHeartMedia news/talk KFYI falls seven-tenths to a 3.3 share that leaves it ranked #11, while Bonneville’s news/talk KTAR-FM tacks on three-tenths for a 2.7 share finish that lifts it to the #14 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

KYW, Philadelphia Inducts Adkins and Brooks into Hall of Fame

Audacy’s all-news KYW, Philadelphia inducts longtime reporter and anchor Lynne Adkins and anchor Brandon Brooks into its Hall of Fame. The inductees were nominated and elected by the current KYWim Newsradio staff and join other distinct Hall of Famers, including NBC NewsAndrea Mitchell and longtime suburban bureau chief Jay Lloyd. Lynne Adkins spent 34 years as an anchor, reporter and mentor at KYW Newsradio. Brandon Brooks was the voice of news in Philadelphia for more than 30 years. He first came to KYW Newsradio as a part-time anchor and reporter in 1989. Audacy Philadelphia SVP and market manager David Yadgaroff states, “This honor is long overdue for these two inductees who have devoted over three decades of their lives to being reliable news sources for the Philadelphia region. Not only has their professionalism set a high standard for our content, but their extensive backgrounds have taught the next generation of KYW Newsradio broadcasters to aspire to a new level.”

Industry News

Round One of October 2023 PPMs Released

imThe first of four rounds of ratings information from Nielsen Audio’s October 2023 PPM survey has been released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), and Riverside-San Bernardino-Ontario. The October 2023 survey covers the period of September 14 – October 11. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media Group’s news/talk WABC sheds three-tenths for a 3.1 share (weekly, 6+ AHQ share) finish and remains ranked #11, while iHeartMedia’s news/talk WOR is steady with a 1.2 share good for the #23 rank. In Los Angeles, iHeartMedia’s news/talk KFI slips three-tenths to a 4.5 share and the #5 rank, while Audacy’s crosstown all-news KNX-FM falls four-tenths to a 3.3 share good for the #10 rank. In Chicago, Audacy all-news WBBM-AM/WCFS-FM climbs seven-tenths to a 5.6 share but remains ranked #3, while Nexstar Media’s news/talk WGN inches up two-tenths to a 3.6 share and steady at the #8 rank, and Cumulus Media’s news/talk WLS-AM ticks up one-tenth to a 1.5 share but drops back to the #25 rank. It should be noted that, for reasons unexplained, there is no October data for the San Jose and Middlesex-Somerset-Union markets. There is also a noteworthy reduction in data in the Nassau-Suffolk and Riverside markets. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

KYW, Philadelphia to Broadcast Mayoral Debate

Audacy’s all-news KYW-AM/FM, Philadelphia is hosting a mayoral debate ahead of the Philadelphia general election. Democratic nominee Cherelle Parker will face Republican nominee David Oh live on the “Philadelphia’s Morning News” program on October 26 from 8:00 am to 9:00 am. The debate will feature KYW journalists, including morning drive anchor Ian Bush, city hall bureau chief Pat Loeb,im education reporter Mike DeNardo and community impact reporter Racquel Williams. KYW news director Kevin McCorry says, “Since the primary election was decided in May, we have been working diligently to ensure that we could provide this service to our audience. The next mayor of Philadelphia will shape our city for years to come. We need urgent solutions to the city’s most pressing issues, including the gun violence crisis, the opioid crisis, the economy and public schooling. Presenting a format where candidates get to exchange ideas in real time is a fundamental building block of the democratic process, and we’re proud to break our normal format to offer this program.”

Industry News

Round One of September PPMs Released

imThe first of four rounds of ratings date from Nielsen Audio’s September 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). Nielsen’s September 2023 sweep covered August 17 – September 13. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media‘s WABC-AM rises three-tenths to a 3.4 share (weekly, 6+ AQH share) but falls back one spot to the #11 rank, while iHeartMedia’s news/talk WOR sheds two-tenths for a 1.2 share finish but rises to the #19 rank. In Los Angeles, iHeartMedia news/talk KFI is flat with a 4.8 share but regresses one spot to the #4 rank, while Audacy’s all-news KNX-FM jumps eight-tenths for a 3.7 share finish good for the #8 rank in the market. And in Chicago, Nexstar Media Group news/talk WGN-AM adds four-tenths to finish with a 3.4 share that lifts it to the #8 rank, while Audacy all-news WBBM-AM/WCFS-FM rises three-tenths for a 4.9 share finish good for the #3 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Audacy Chicago Names Doug Levy GSM

Audacy appoints Doug Levy general sales manager for its Chicago cluster that includes all-news WBBM-imAM/WCFS-FM. Levy began his radio sales career with Katz Media and later became the director of sales for Univision. Doug went on to lead both the television and radio divisions as president and general manager of Spanish-language multimedia company TelevisaUnivision. He also served as a weekend personality on rock WXRT-FM, Chicago for 10 years.

Industry News

WTOP Names Three to News Director Roles

Hubbard Broadcasting’s all-news WTOP-FM, Washington, DC announces that three news pros are named to news director roles for the station. Monique Hayes is promoted to AM broadcast news director; Bill McFarland joins WTOP as PM broadcast news director; and Giang Nguyen joins the station as digital news director. Hayes has been serving with the station for the past two years, most recently as assignments manager. She says, “Thisim is a great opportunity to help lead one of the best newsrooms in the area. I look forward to coaching and training future newsroom leaders and collaborating with our veteran journalists. I am excited to work with this new management team to deliver great local coverage of Washington, DC, and the surrounding communities.” McFarland comes to WTOP from NBC Boston, Telemundo Boston and New England Cable News where he was assistant news director. Nguyen recently served as a multimedia reporter in local markets in Kansas (WIBW-TV) and Illinois (WQAD-TV) as well as having worked at CNN, Radio Free Asia, NHK World and CCTV America in both reporter and assignment editor roles. WTOP director of news and programming Julie Ziegler comments, “I am so excited to have the force of Monique, Giang and Bill behind our daily newsroom operations. Having their combined talents on both the broadcast and digital sides is exactly what we need to meet our daily mission of delivering the most compelling content to our listeners and readers across all platforms.”

Industry News

Round Two of July PPMs Released

imThe second of two rounds of ratings information from Nielsen Audio’s July 2023 PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. Nielsen’s July 2023 sweep covered June 22 – July 19. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Washington, DC, Hubbard Broadcasting’s all-news WTOP leaps nine-tenths for a 9.1 share (weekly, 6+ AQH share) finish and remains ranked #2, while Cumulus Media news/talk WMAL-FM loses one-tenth to finish with a 3.5 share good for the #9 rank. In Boston, iHeartMedia news/talk WRKO sheds seven-tenths to wrap the survey with a 3.4 share and falls to the #13 rank, while sister all-news WBZ-AM dips three-tenths for a 4.5 share finish and remains ranked #7. In Seattle, Bonneville news/talk KIRO-FM rises six-tenths to wrap the survey with a 4.9 share that lifts it to the #5 rank, while Lotus Communications’ crosstown news/talk is up three-tenths for a 1.9 share and the #19 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Audacy Q2 2023 Net Revenue Falls 6.6%

On Friday (8/4), Audacy reported its operating results for the second quarter of 2023. Net revenue for the period was $298.5 million, down 6.6% from the same period in 2022. The company posted an operating loss of $135.3 million, compared to operating income of $23.3 million reported in Q2 of 2022. Audacy reports a net loss of $125.8 million, compared to the net loss of $773,000 it reported for the second quarter of 2022. Breaking down the company’s revenue streams, Spot revenue (local and national) was $187.1 million (down 3.7%), whileim Network revenue was $20.8 million (down 4.4%). Digital revenue was $66.7 million (down 4%). Audacy also reports revenue based on radio format and says revenue from sports stations was $65.6 million (up 1.2%), while revenue from all-news and news/talk was $44 million (down 14.8%). Revenue from music-formatted stations was $ 145.3 million (down 8.3%). Audacy chairman, president and CEO David J. Field comments, “Second quarter net revenues were down 6.6% in line with our quarterly guidance, imreflecting challenging ad market conditions. During the quarter, we saw accelerated growth across certain of our key performance metrics including radio revenue share, station audience ratings, and digital platform usage. We also made meaningful progress on our ad tech and ad product roadmap as we work to develop important new pools of digital demand and growth… We have initiated discussions with our lenders to enhance our balance sheet and establish a strong financial footing to enable the company to capitalize on its growth opportunities. Notwithstanding current challenges, Audacy has established a prominent position as a scaled, leading multi-platform audio company distinguished by our exclusive premium content, top positions across the country’s largest markets, and unrivaled leadership in news and sports radio. We continue to invest in our people, platform, content, technology and capabilities and serve our listeners and customers with excellence. Ad market conditions remain challenging but have stabilized entering the third quarter. We are pacing down 4% with local spot considerably stronger than national spot. We expect Audacy’s Q3 revenues to decline by mid-single digits.”

Industry News

WTOP Names Anne Kramer Afternoon Drive Anchor

Hubbard Radio’s Washington, DC all-news WTOP announces that Anne Kramer is named the new afternoon drive anchor alongside co-anchor Shawn Anderson. Kramer joined WTOP 18 months ago after having served with Hearst Television’s WBAL-AM, Baltimore for 25 years including as morning drive anchor. She won a Nationalim Edward R. Murrow Award for her investigative reporting on Baltimore’s 911 system and has been the recipient of multiple Chesapeake AP Awards. She comments, “I am excited to be a full-time member of this legendary news station. I am looking forward to working alongside Shawn Anderson, with his years of experience, as we give listeners the most up-to-date and accurate information they need to make informed decisions as they go about their day.” WTOP director of news and programming Julia Ziegler states, “From the day Anne started at WTOP, I have loved her passion for storytelling. Anne puts our listeners first and is always thinking about how she can help them understand what is going on in their worlds. Our listeners are in great hands with Shawn and Anne each afternoon.”

Industry News

Round Two of June PPMs Released

imThe second of four rounds of ratings data from Nielsen Audio’s June 2023 PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. Nielsen’s June 2023 sweep covered May 25 – June 21. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets. In Boston, iHeartMedia’s news/talk WRKO sheds three-tenths for a 4.1 share (weekly, 6+ AQH share) that drops it to the #10 rank, while sister all-news WBZ-AM rises three-tenths to finish with a 4.8 share good for the #7 rank. In Phoenix, iHeartMedia’s news/talk dips four-tenths to a 2.4 share and falls to the #17 rank, while Bonneville’s crosstown news/talk KTAR-FM loses two-tenths to also finish with a 2.4 share that leaves the two stations tied for the #17 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.