Connoisseur Media to Acquire Alpha Media’s Debt
The filing with the FCC for Connoisseur Media to acquire the radio stations and other assets of Alpha Media is now public and Jeffrey Warshaw’s Connoiusseur is not paying cash for Alpha Media; it is instead assuming the company’s debt. The complicated deal announced back on May 5 will result in
current Alpha Media shareholders retaining their interest in the company but ceding control to Connoisseur. Under the terms of the deal, Alpha shareholders will reorganize into a new company which will become part of Connoisseur in exchange for a 3.75% equity stake in Connoisseur, plus two warrants to allow them to acquire more equity – one for 5% at $30 million valuation and the other for up to 5% at $70 million valuation. Connoisseur is acquiring new credit facilities to finance the retirement of Alpha debt plus a new, revolving credit line. Connoisseur is operating the Alpha under an LMA and when the deal closes, the new Connoisseur will own and operate 218 stations in 47 markets.
revenue, uniquely positioned to evaluate and pursue strategic growth opportunities.” In addition to its broadcast properties, Connoisseur owns and operates the digital marketing services company Ferocious Digital. The company says that when integrated with Alpha Digital, the combined 
organization “will continue to expand and enhance its digital capabilities – delivering forward-thinking integrated marketing services.” Jeff Warshaw comments, “We are thrilled to welcome Alpha Media into the Connoisseur family. In getting to know the Alpha team, it has become clear that we share many of the same values — a passion for serving our local communities, a deep commitment to our clients, supporting our colleagues and fostering a culture of integrity, creativity and achievement. This transaction underscores our commitment to the irreplaceable role local broadcasters play in providing news, information and entertainment that truly resonates. Together, we will build an industry-leading platform of broadcast and digital. I could not be more excited to get started.” The two companies have entered into a Local Market Agreement and expect the deal to close in the second half of this year. 
The third of four rounds of ratings data from Nielsen Audio’s July 2024 PPM survey is released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered June 20 through July 17. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM adds half a share to finish with a 5.5 share (weekly, 6+ AQH share) lifting it to the #4 rank, while iHeartMedia’s news/talk KEX jumps four-tenths to a 2.2 share good for the #17 rank. In San Antonio, iHeartMedia’s news/talk WOAI rises 1.1 shares for a 4.2 share finish and the #11 rank, while Alpha Media’s news/talk KTSA dips two-tenths to a 1.2 share but rises one spot to the #21 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM tacks on one-tenth to finish with a 6.2 share but slides back on spot to the #3 rank, while iHeartMedia’s news/talk KNRS-AM/FM rises a full share for a 4.1 share finish and climbs one spot to the #11 rank. 
The third of four rounds of ratings data from Nielsen Audio’s June 2024 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered May 23 through June 19. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM drops eight-tenths for a 5.0 share (weekly, 6+ AQH share) finish that leaves it ranked #5 in the market, while iHeartMedia news/talk KEX adds one-tenth for a 1.8 share that lifts it to the #18 rank. In San Antonio, iHeartMedia’s news/talk WOAI rises three-tenths to a 3.1 share and remains ranked #13, while Alpha Media’s news/talk KTSA dips a half share to finish with a 1.4 share leaving it ranked #22 in the market. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM rises 1.2 shares for a 6.1 share finish that lifts it to the #2 rank, while iHeartMedia’s news/talk KNRS-AM/FM is steady with a 3.1 share but rises to the #12 rank. 
The third of four rounds of ratings information from Nielsen Audio’s May 2024 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey covered April 25 through May 22. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, although Alpha Media’s news/talk KXL-FM dipped six-tenths to a 5.8 share (weekly, 6+ AQH share), it remains ranked #2, while iHeartMedia’s news/talk KEX-AM rises one-tenth to a 1.7 share stays in the #20 rank. In San Antonio, iHeartMedia’s news/talk WOAI-AM is steady with a 2.8 share but falls back to the #13 rank, while Alpha Media’s news/talk KTSA slides back two-tenths to a 1.9 share good for the #19 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM loses 3.2 shares to finish with a 4.9 share and regresses to the #4 rank, while iHeartMedia’s news/talk KNRS-AM/FM adds half a share for a 3.1 share finish that lifts it to the #14 rank. 
operations in Mankato, Albert Lea, and Luverne, Minnesota; Watertown and Brookings, South Dakota; and Fort Dodge, Grinnell, Newton and Mason City in Iowa. Northern Iowa Today reports that in Mason City, KGLO sports director Tim Fleming has been let go as has KGLO and KRIB news director Bob Fisher, who comments, “Alpha Media is going a different direction with their radio stations in their smaller markets. A majority of the programming staff, including myself, were terminated this morning as part of that plan. This is not only happening here but throughout the country with their smaller markets.” After making similar drastic cuts in a number of its Missouri markets, Alpha Media struck a deal with UK-based Podcast Radio and will debut “Podcast Radio Missouri” on two stations there in the coming weeks. 
stations, prominently acting as the morning show in both markets, offering a fresh and dynamic start to the day. This partnership marks a significant expansion of Podcast Radio’s format into the American radio landscape, promising to offer Missouri listeners a novel way to explore podcasting content through traditional radio. Listeners will hear top-quality podcast content from across North America and the world, while also giving airtime to local Missouri podcast content. Localized imaging and station IDs will feature across ‘Podcast Radio Missouri’ broadcast hours, which also include original interviews with podcasters. Gene ‘Bean’ Baxter acts as lead interviewer, delving deep into the methodology and personality of both local and national podcasts and their creators.” Alpha Media EVP of content Phil Becker says, “We’re excited to partner with Podcast Radio to bring this innovative format to our listeners in Missouri. This partnership underscores our commitment to delivering fresh, engaging content that resonates with our communities. While we are launching on one station in two Missouri markets, our goal is to expand the format to our other two Missouri markets.”
The third of four rounds of ratings data from Nielsen Audio’s April 2024 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey covered March 28 through April 24. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM sheds one-tenth for a 6.4 share (weekly, 6+ AQH share) but remains ranked #2 in the market, while iHeartMedia’s news/talk KEX-AM dips two-tenths to a 1.6 share good for the #20 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM shoots up 1.4 shares for an 8.1 share finish and remaining ranked #2, while iHeartMedia’s news/talk KNRS-AM/FM is steady with a 2.6 share but climbs two spots to the #15 rank. In Kansas City, Audacy’s news/talk KMBZ-FM adds three-tenths to finish with a 5.6 share keeping it ranked #4, while Cumulus Media’s news/talk KCMO-AM falls half a share to wrap the survey with a 1.5 share, pulling it down to the #18 rank. 
Moberly, Missouri – including news/talk KWIX – have been let go and all programming is now syndicated. The same is being reported about the company’s stations in the Farmington/Festus, Missouri market that includes news/talk KJFF. KOMU-TV reports that Moberly market manager Bob Dakin would not comment on how many employees were let go but confirmed that all local programming – including news and sports – is being replaced by national content. 
The third of four rounds of ratings data from Nielsen Audio’s February 2024 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered February 1 – 28. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM slips one-tenth to finish with a 6.9 share (6+, weekly AHQ share) but remains ranked #2 in the market, while iHeartMedia’s news/talk KEX-AM adds three-tenths for a 1.5 share finish good for the #21 rank. In San Antonio, iHeartMedia’s news/talk WOAI sheds three-tenths to finish with a 2.7 share and falls one spot to the #14 rank, while Alpha Media’s news/talk KTSA is steady at a 2.3 share but rises two spots to the #16 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM rises nine-tenths for a 6.4 share finish but remains ranked #2, while iHeartMedia’s KNRS-AM/FM dips four-tenths to a 3.1 share but stays put at the #13 rank. 
than 65 stations. “The John Clay Wolfe Show” is a Saturday morning program that focuses on Wolfe’s love of cars, comedy, and daily observations along with celebrity guests like Sammy Hagar, Adam Carolla, and Cheech & Chong.
The third of four rounds of ratings information from Nielsen Audio’s January 2024 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey covered January 4 – 31. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM shoots up 2.1 shares for a 7.0 share (weekly, 6+ AQH share) finish and rises to the #2 rank in the market, while iHeartMedia’s news/talk KEX-AM adds one-tenth to finish with a 1.2 share good for the #22 rank. In San Antonio, iHeartMedia’s news/talk WOAI adds six-tenths to wrap the survey with a 3.0 share good for the #13 rank, while Alpha Media’s news/talk KTSA tacks on half a share for a 2.3 share finish that lifts it to the #18 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM rises 1.9 shares to finish with a 5.5 share and climbs to the #3 rank, while, iHeartMedia’s news/talk KNRS-AM/FM adds 1.3 shares for a 3.5 share finish good for the #13 rank. 
The third of four rounds of ratings data from Nielsen Audio’s Holiday 2023 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered December 7, 2023, through January 3, 2024. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets. In Portland, Alpha Media’s news/talk KXL-FM falls a full share to a 4.9 share (weekly, 6+ AQH share) dropping from the #3 rank to #6, while iHeartMedia’s news/talk KEX-AM loses one-tenth to finish with a 1.1 share good for the #21 rank. In San Antonio, iHeartMedia news/talk WOAI dips three-tenths to a 2.4 share good for the #15 rank, while Alpha Media’s news/talk KTSA sheds two-tenths to finish with a 1.8 share and is steady at the #19 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM declines 2.8 share for a 3.6 share finish that leaves it ranked #9, while iHeartMedia news/talk KNRS-AM/FM dips six-tenths to a 2.2 share good for the #17 rank. 
Over the Christmas and New Year’s holiday break, Nielsen Audio released data from the December 2023 ratings period for all 48 PPM markets that covered November 9 through December 6. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from all PPM markets. Some of the notable ratings stories from the December 2023 period include in New York City, Red Apple Media’s news/talk WABC falls two-tenths to a 2.8 share (weekly, 6+ AQH share) good for the #11 rank, while iHeartMedia’s news/talk WOR also dips two-tenths to a 1.1 share and remains ranked #22. In Washington, Cumulus Media’s news/talk WMAL-FM, sheds 1.1 shares for a 3.5 share finish that leaves it ranked #9, while Hubbard Broadcasting’s all-news WTOP-FM falls a half share to a 6.9 share but remains ranked #3. In Seattle, Bonneville’s news/talk KIRO-FM loses six-tenths for a 4.1 share finish and falls to the #9 rank, while the company’s sister news/talk KTTH-AM is steady with a 1.6 share good for the #22 rank, and Lotus Communications’ talk KVI-AM, rises one-tenth to a 1.6 share and ties for the #22 rank. In San Antonio, iHeartMedia’s news/talk WOAI falls four-tenths to a 2.7 share but remains ranked #14, while Alpha Media’s news/talk dips two-tenths to a 2.0 share that leaves it ranked #19. In Orlando, iHeartMedia’s talk WTKS-FM loses three-tenths for a 3.6 share finish but remains ranked #10, while Cox Media Group’s news/talk WDBO-AM sheds four-tenths for a 3.2 share and stays locked in the #13 rank. And in Milwaukee, iHeartMedia’s news/talk WISN finishes its third month in a row at #1 even though it lost 1.1 shares to finish with a 9.6 share, while Good Karma Brands’ news/talk WTMJ-AM is down one-tenth for a 7.6 share that pushes its back to the #3 rank. 
the company. Dove, who starts on January 1, comes to Alpha Media from iHeartMedia where he most recently served as Pacific Northwest Region president. Alpha Media president and CEO Bob Proffitt commented on the announcement, “I am very excited to have Robert lead us to new heights, opportunities, and successes. He knows Portland like no other broadcaster, has deep relationships and knowledge of our city’s intricacies, and will be a great addition to our team of market managers all across America.” Dove adds, “I’m very excited to join the Alpha Media team. As a native Portlander having the chance to work with some of Portland radio’s most iconic brands is very rewarding and fulfilling. I can’t wait to get started.” 
The third of four rounds of ratings data from Nielsen Audio’s November 2023 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered October 12 through November 8. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media news/talk KXL-FM is flat with a 6.9 share (weekly, 6+ AQH share) but rises to the #2 rank, while iHeartMedia’s crosstown news/talk KEX-AM dips one-tenth to a 1.6 share and remains ranked #21. In San Antonio, iHeartMedia news/talk WOAI adds three-tenths to finish with a 3.1 share but falls back to the #14 rank, while Alpha Media’s news/talk KTSA declines four-tenths to a 2.2 share and slips to the #17 rank. In Salt Lake City, Bonneville news/talk KSL-AM/FM loses eight-tenths and wraps the survey with a 6.1 share that leaves it ranked #4, while iHeartMedia news/talk KNRS-AM/FM rises a full share to a 3.9 share and leaps to the #9 rank. 
The third of four rounds of ratings data from Nielsen Audio’s October 2023 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The survey period covered September 14 through October 11. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM rises two-tenths to finish with a 6.9 share (weekly, 6+ AHQ share) that keeps it locked in the #3 rank, while iHeartMedia’s news/talk KEX-AM, adds three-tenths for a 1.7 share good for the #21 rank. In San Antonio, iHeartMedia’s news/talk WOAI-AM tacks on two-tenths for a 2.8 share finish that lifts it to the #13 rank, while Alpha Media’s news/talk KTSA-AM rises four-tenths to a 2.6 share and climbs to the #15 rank. In Salt Lake City, Bonneville’s news/talk KSL-AM/FM rockets up 1.7 shares for a 6.9 share that puts it in the #2 rank, while iHeartMedia’s news/talk KNRS-AM/FM plunges 1.1 shares to a 2.9 share that puts it in the #15 rank. It should be noted that Nielsen released updated information for the Nassau-Suffolk (Long Island) and Riverside markets and that is now reflected in the first-round report. 
September 2023 PPM Data – Information for the September 2023 ratings period has been released for Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus.
The third of four rounds of ratings data from Nielsen Audio’s August 2023 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. Nielsen’s August 2023 sweep covered July 20 – August 16. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM jumps nine-tenths to finish with a 6.7 share (weekly, 6+ AQH share) that lifts it to the #3 rank in the market, while iHeartMedia’s crosstown news/talk KEX adds a half share for a 1.9 share finish good for the #18 rank. In San Antonio, Alpha Media’s news/talk KTSA tacks on one-tenth to wrap the survey with a 2.6 share and rises to the #15 rank, while iHeartMedia’s crosstown news/talk WOAI dips two-tenths for a 2.4 share finish and falls to the #17 rank. In Salt Lake City, Bonneville news/talk KSL-AM/FM jumps six-tenths for a 4.9 share finish that lifts it to the #5 rank, while iHeartMedia’s crosstown news/talk KNRS-AM/FM drops 1.2 shares to finish with a 3.4 share that drags it down to the #11 rank. 
noon to 4:00 pm in addition to the syndicated program heard 3:00 pm to 6:00 pm PT. Larson states, “20 years ago this month, Peter Kosann (then CEO of Westwood One) asked me to do a nationally syndicated radio talk show to replace a departing host. When Peter and I both left WWO and he formed Compass Media Networks, he asked if I would continue the partnership we had forged in the first six years. I quickly and happily agreed. One of the best decisions I’ve ever made.”
The third of four rounds of ratings data from Nielsen Audio’s July PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. 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 San Antonio, iHeartMedia news/talk WOAI falls two-tenths to post a 2.6 share (weekly, 6+ AHQ share) and falls to the #15 rank, while Alpha Media’s crosstown news/talk KTSA adds one-tenth for a 2.5 share finish that lifts it to the #16 rank. In Salt Lake City, iHeartMedia news/talk KNRS-AM/FM loses a full share to wrap the survey with a 4.6 share and regresses to the #4 rank, while Bonneville’s crosstown news/talk KSL-AM/FM tacks on two-tenths for a 4.3 share finish that lifts it to the #6 rank. In Orlando, iHeartMedia talk WTKS-FM loses six-tenths to finish with a 4.0 share but remains ranked #10, while Cox Media Group’s crosstown news/talk WDBO remains flat with a 3.9 share and the #11 rank. 
The third of four rounds of ratings information from Nielsen Audio’s June 2023 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. Nielsen’s June 2023 sweep covered May 25 – June 21. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In San Antonio, iHeartMedia news/talk WOAI dips three-tenths to finish the survey with a 2.8 share (weekly, 6+ AQH share) that leaves it ranked #14, while Alpha Media’s crosstown news/talk KTSA loses nine-tenths for a 2.4 share finish and falls to the #17 rank. In Salt Lake City, iHeartMedia’s news/talk KNRS-AM/FM sheds one-tenth for wrap the survey with a 5.6 share and remains ranked #3, while Bonneville’s crosstown news/talk KSL-AM/FM loses eight-tenths for a 4.1 share finish and falls one spot to the #8 rank. In Orlando, iHeartMedia’s talk WTKS-FM adds one-tenths to finish with a 4.6 share and remains ranked #10, while Cox Media Group’s news/talk WDBO tacks on two-tenths for a 3.9 share finish that keeps it ranked #11.