Industry News

Audacy Agrees to $2 Million Tax Payment

As Audacy continues the process of exiting Chapter 11 reorganization, it settles an unpaid tax bill with theim township of Lower Merion with regard to its former headquarters in Bala Cynwyd, Pennsylvania. The original amount to be paid by Audacy was $1.4 million however that figure was later deemed incorrect and now the company agrees to pay the township $2 million. Audacy is still awaiting final approval from the FCC to be able to operate its radio stations as the new Audacy.

Industry News

Audacy: Human Voices Engender Trust

Audacy reports that according to June 2024 data from its Innovation Tracker, 75% of U.S. adults believe AI can deceive them with false information, raising concerns about authenticity and reliability and that the human voice stands out as a beacon of trust. Audacy says the data reveals that “people are more than twice as likely to trust a human voice (55%) over AI-generated content (23%). This preference also extends toim advertising, where consumers express greater comfort with audio ads crafted by humans compared to those produced by AI. This trust in human voices isn’t just a preference; it’s a critical factor in advertising and content consumption.” Further, the data shows that radio hosts are valued 2.5 times more than social media influencers for delivering news (56% vs. 22%) and twice as much for sports commentary (40% vs. 21%). Similarly, podcast hosts are preferred over social media figures when discussing social issues (43% vs. 34%). Audacy concludes, “These statistics underscore the profound impact of human voices in fostering meaningful connections and reliable information dissemination.”

Industry News

Audacy Names Chris Brown as Bills Radio Voice

Audacy announces that Chris Brown is the new radio play-by-play announcer for Buffalo Bills football broadcasts on sports talk WGR 550 (WGR-AM), beginning this season. Brown served as the interimim announcer last season, will continue as Bills Insider for the station, co-hosting “One Bills LIVE,” weekdays at 1:00 pm and simulcast on MSG Western New York. Audacy Buffalo SVP and market manager Tim Wenger says, “Chris is best suited to carry on the long tradition of informative, passionate and entertaining Bills play-by-play announcing. His decades-long knowledge of the organization will be invaluable as he assumes the play-by-play microphone.”

Industry News

Audacy Elevates Jeff Miller in Cleveland

Audacy names Jeff Miller SVP, market manager and director of sales for the Cleveland operations that includes sports talk WKRK-FM “92.3 The Fan” and four music brands.  Audacy regional president Markim Hannon says, “Jeff has been one of our key sales management leaders for nearly three decades, leading robust sales teams and managing salespeople of all experience levels. He has also been an integral player in making ‘92.3 The Fan’ one of the market’s dominant revenue leaders while managing the relationship with our key partner, the Cleveland Browns. I know that Jeff will advance the legacy of Tom Herschel as Audacy Cleveland’s new leader, and I look forward to working with him to set the path forward.” Miller comments, “I am humbled, motivated and very excited to accept this fantastic opportunity to lead Audacy Cleveland. I look forward to working with our team and the entire organization to build on the success we experienced under Tom Herschel’s guidance.”

Industry News

Joe Kelley Joins KRLD, Dallas; Mike Rogers Moves to Middays

Audacy announces lineup changes at all-news KRLD-AM, Dallas “NewsRadio 1080.” After serving for 19 years with Cox Media Group, most recently as host of the morning program on WDBO, Orlando, Joe Kelleyim is named the new host of “The KRLD Morning News.” Incumbent morning host Mike Rogers moves to the 10:00 am to 12:00 noon daypart. Both moves take effect on July 22. Audacy news & talk format VP and KRLD brand manager Drew Anderssen imsays, “We’re proud to unveil the next phase of KRLD’s new-look lineup by adding Joe Kelley and moving local favorite Mike Rogers to middays. Mike has resonated with our listeners for over three decades, and we have no doubt he will continue to provide informative, relevant content to them in middays. We’re equally excited to welcome Joe Kelley, who, with his rich background in news and multi-platform content distribution, will bring a wealth of experience and passion to our morning news.” Kelley comments, “I am honored to join the esteemed KRLD brand and embrace the responsibility of upholding the legacy crafted by generations of broadcasters. Returning to Texas – a place that resonates with familiarity and warmth – fills me with great enthusiasm. I look forward to further elevating KRLD’s prominence in the North Texas community.”

Industry News

Round One of June PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s June 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 May 23 through June 19. Today, TALKERS magazine editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media’s news/talk WABC is steady with a 3.3 share (weekly, 6+ AQH share) but slips to the #11 rank, while iHeartMedia’s news/talk WOR is also steady with a 1.5 share and falls back to the #20 rank. In Chicago, Nexstar Media’s news/talk WGN slides a half share to finish with a 2.5 share good for the #15 rank, while Cumulus Media’s news/talk WLS-AM rises two-tenths to a 1.1 share that lifts it to the #25 rank. In Dallas, Cumulus Media’s news/talk WBAP adds four-tenths for a 3.0 share and rises to the #12 rank, while Audacy’s all-news KRLD-AM is steady with a 1.5 share but slips to the #27 rank. See Mike Kinosian’s complete Ratings Takeaways here.

Industry News

Audacy Strikes Deal to Simulcast “Sports Daily” on Wichita TV Station

Audacy’s sports talk KFH-AM, Wichita enters into a deal with CBS television affiliate KWCH-TV, Wichita to simulcast video and audio of KFH’s morning show, “Sports Daily” starring co-hosts Jacob Albracht andim Tommy Castor, on KWCH’s streaming service, 12 News Connected, from 9:00 am to 11:00 am. KFH operations and brand manager Tony Duesing comments, “We’re delighted to expand the reach of our wildly popular morning show, ‘Sports Daily,’ and introduce the program to a broader audience in video form. Co-hosts Jacob Albracht and Tommy Castor have a unique chemistry that resonates with Wichita’s biggest sports fans, and now viewers can enjoy their insights and banter on 12 News Connected every weekday morning.”

Industry News

Retiring Tom Herschel Honored with CAB Leadership Award

Audacy Cleveland SVP and market manager Tom Herschel – who recently announced his retirement after 22 years with the company – was honored as a 2024 recipient of the Cleveland Association of Broadcasters Excellence in Leadership Award. Herschel states, “While it’s bittersweet to say goodbye to such an incredibleim group of individuals and the remarkable brands we have the privilege to represent here in Cleveland, this decision fills me with joy. By making this move, we’ll finally have the opportunity to be fully present in our family’s daily lives and participate in the precious moments as our grandsons, Charlie and Emerson, grow and flourish. On a personal note, this transition opens the door for me to explore passions and interests that have been not-so-patiently waiting on the sidelines for way too long. I’m looking forward to the luxury of my first summer without a job since I was thirteen. Not to mention, I’m very ready to chase ‘the dream’ of achieving a single-digit golf handicap (hey, like I said, a guy can dream).”

Industry News

Sottolano Rises to Chief Programming Officer at Audacy

Audacy promotes Jeff Sottolano to chief programming officer and signed him to a multi-year contract extension. In this role, Sottolano will be responsible for the content strategy and performance of Audacy’s local brands in all formats across broadcast, streaming, and podcast distribution platforms and oversee theim programming leadership team, talent, and content creators nationwide. Sottolano will also work closely with the company’s product and technology teams as it enhances its creator tools and delivers new digital experiences for consumers and advertisers. He will also collaborate with its podcast leadership team on the development and launch of new titles. Audacy chief operating officer Susan Larkin states, “Jeff has a track record of success. He and our programming and brand leaders have executed market-winning content strategies and initiatives that deliver for our listeners and advertisers. Jeff’s leadership has been instrumental in elevating our performance across all platforms, and this promotion underscores our confidence in his ability to continue growing our best-in-class brand portfolio.” Sottolano joined Audacy (then-Entercom) in 2001 as an intern and has served as EVP and head of programming since 2021.

Industry News

Audacy Names Chris Kinard Sports VP

Audacy names Chris Kinard sports format vice president. Kinard takes over for Spike Eskin, who recently returned to Philadelphia to serve as afternoon show co-host on SportsRadio 94WIP. In this role, Kinard will lead brand and format strategy and execution for the company’s sports portfolio and collaborate closely withim vice president of sports Danny Freisinger on the company’s multiplatform content strategy and production. Kinard will continue to serve as vice president of sports programming and cluster director of operations for Audacy Washington DC that includes WJFK-FM “106.7 The Fan,” WTEM-AM “The Team 980,” and WIAD-FM “94.7 The Drive.”  Audacy EVP and head of programming Jeff Sottolano comments, “We are privileged at Audacy to benefit from the best local sports content thought leaders in the country and Chris has distinguished himself through his leadership of WFJK-FM and WTEM-AM in D.C. over many years. I am excited to see Chris take on this new role and partner with our local and central leadership on further strengthening our unrivaled position in sports.”

Industry News

NYPost: FCC’s Carr Warns of “Soros Shortcut”

Federal Communications Commissioner Brendan Carr commented to the New York Post about liberal billionaire investor George Soros’ acquisition of $400 million of Audacy’s debt (and a potential controlling interest) and the company’s hope the FCC will greenlight its exit from Chapter 11 reorganization. At issue isim the FCC’s requirement to do a foreign ownership review and Audacy’s request that the FCC grant a limited waiver of that review in order to more speedily exit Chapter 11. This request is under heavy scrutiny due to the political aspects of the case. Carr recently told the Post that the FCC should not allow a “Soros shortcut” – a term used by the Media Research Center in its Petition to Deny filed with the Commission – but must follow FCC procedure. Audacy argued in its opposition to the Petition to Deny that there is nothing unique about this request, saying that the FCC “granting a limited waiver deferring its foreign ownership review to facilitate a licensee’s prompt emergence from bankruptcy is consistent with the Communications Act.” Audacy adds that the notion that the limited waiver is new “completely ignores longstanding precedent establishing the Commission-approved special warrant process used in a number of prior transactions to allow licensees to emerge from bankruptcy promptly, while affording the Commission sufficient opportunity to review foreign ownership issues post-emergence.” See the Post story here.

Industry News

Frank Morano Show Adds Stations in Las Vegas and the Twin Cities

The WABC, New York-based overnight talk show, “The Other Side of Midnight with Frank Morano,” is nowim airing on Audacy talk outlets WCCO, Minneapolis and KMXB-HD3, Las Vegas “K-DAWN.” Red Apple Audio Networks distributes the show live from 1:00 am to 5:00 am nightly. Morano comments, “I’m incredibly grateful to be on both of these great radio stations. I’ve dreamt of being on the radio in Minnesota ever since Jesse Ventura ran for governor. It’s great to be on a station that has so many independent thinkers. As far as ‘K-DAWN’ goes, I’m absolutely thrilled to be on the air in Las Vegas, a 24/7 city. It’s great to talk to an audience in a city that’s up all night.”

Industry News

Audacy Settles $1.4 million Tax Debt with PA Township

As it continues to work its way through Chapter 11 reorganization, Audacy settles with Lower Merionim Township, Pennsylvania over a disputed tax bill. This settlement in principle remains subject to final approval of the Township Board of Commissioners but in full settlement, satisfaction, and discharge of the Township’s Proofs of Claim for certain local taxes and related penalties, interest, and charges, Audacy will pay the Township $1,417,917 cash.

Industry News

TALKERS News Notes

FOX News star Brian Kilmeade’s late morning talk radio program is added to the program lineup at Audacy’s news/talk WTIC-AM, Hartford in the 9:00 am to 11:00 am slot. Kilmeade tells TALKERS, “I’m thrilled to be joining the WTIC all-star lineup especially at this critical time in our election cycle. I can’t wait to meet and greet the listeners in person this summer!”

Talk Media Network nationally syndicated personality Wayne Allyn Root was the opening speaker at two Donald Trump events in Las Vegas over the weekend. On Saturday, he spoke at a Trump fundraiser at Ahern Hotel in Las Vegas. Then on Sunday, Root opened for Trump at a public outdoor rally.

Industry News

WWL, New Orleans Inks Deals with Saints and Pelicans

Audacy announces new, multi-year broadcast agreements with the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans for all Saints and Pelicans games to be broadcast live on news/talk WWL-AM/FM. WWL has been the flagship station for the New Orleans Saints continuously since 1995. Theim Pelicans had been heard on iHeartMedia’s WRNO-FM. Audacy New Orleans SVP and market manager Dan Barron states, “We are honored to extend our partnership with the New Orleans Saints and excited to bring the New Orleans Pelicans into the WWL family. This agreement reaffirms our dedication to providing fans with the best sports broadcasting in the region. We are proud to be the go-to source for Saints and Pelicans coverage and are excited to bring every thrilling moment to our listeners.”

Industry News

Audacy and Puck Partner for John Heilemann Podcast

Audacy announces that it and the media company Puck are unveiling new podcast hosted by Puck chief politicalim columnist John Heilemann called, “Impolitic with John Heilemann.” New episodes will drop each Tuesday and Thursday. Audacy Podcasts EVP Jenna Weiss-Berman says, “We couldn’t be more excited to expand our thriving Puck slate with ‘Impolitic’ especially in this election year. John is a singular political journalist whose incisive and insightful analysis and reporting will keep listeners informed leading up to November and beyond.”

Industry News

Audacy Stations Collect 20 Regional Murrow Awards

Audacy radio stations in 11 markets were the recipients of 20 Regional Edward R. Murrow Awards, presented by the Radio Television Digital News Association (RTDNA) for outstanding achievements inim broadcast and digital journalism. NewsRadio 1080 KRLD in Dallas, WWJ Newsradio 950 in Detroit, KNX News 97.1 FM in Los Angeles and WCBS 880 in New York all were honored with the “Overall Excellence” Award. Other stations receiving Regional Murrow Awards include: KMOX, St. Louis (Newscast); KYW-AM/FM, Philadelphia (Newscast, Digital, Hard News); WWL-AM/FM, New Orleans (Breaking News, Continuing Coverage); and WCCO, Minneapolis (Newscast). See the full list of winners here.

Industry News

Audacy Relaunches The Bet on WXYT-HD3

Audacy is relaunching “The Bet Detroit” on WXYT-HD3. The station becomes part of Audacy’s BetQL Network presented by BetMGM after its former signal – WXYT-AM – was leased to sports journalist andim media personality Rob Parker to air the “Sports Rap Radio” format. Vice president of programming for the BetQL Network Mitch Rosen says, “With our strategic partnership with BetMGM, we’re committed to maintaining a robust presence in the Detroit market and beyond. Now, listeners nationwide can join in on the excitement through the Audacy app, making ‘The Bet Detroit’ accessible anytime, anywhere.”

Industry News

WCCO, Minneapolis Raises $85k for Blood Cancer Research

 

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Audacy raised $85,000 (and counting!) for NMDP (formerly Be The Match and the National Marrow Donor Program), a global non-profit leader in cell therapy, during News Talk 830 WCCO’s “Cure Blood Cancer Radio Auction.” Pictured above is WCCO talk host Jordana Green (left) meeting her stem cell transplant donor Matt Dubinsky (right) whose donation two years ago has given Green a new lease on life. Dubinsky flew in from Long Island for the event and to meet Green and her family.

Industry News

Audacy’s “We Can Do Hard Things” Hosts Honored with Gracie Awards

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Pictured above are “We Can Do Hard Things” hosts Glennon Doyle (right) and Abby Wambach (left) accepting the award for Best Lifestyle Podcast Co-host/Ensemble. Fellow co-host Amanda Doyle, who is battling cancer, was not present. Wambach said, “Rooms like tonight, nights like this one matter… I want to acknowledge and affirm the little girl inside all of us that was told, ‘You can’t do it because you’re a girl.’ Tonight, I tell that little girl, ‘Yes, you can. Yes, you can.’”

Industry News

Michael Harrison Tells “America at Night with Rich Valdés” National Audience “I’m Not Going to Be an Alarmist” About George Soros Acquisition of Audacy Debt

Although acknowledging the potential of George Soros eventually leveraging his fast-track acquisition of a $400 million debt stake in Audacy’s 227 radio stations to wield left wing political influence, TALKERS publisher Michael Harrison says, “I’m not going to be an alarmist” that the hedge fund billionaire wouldim be able to alter the course of established radio stations and the marketplace of ideas before the 2024 election or even soon thereafter. Harrison told “America at Night” host Rich Valdés last night (5/22) that radio is far too idiosyncratic an industry – already run by too many people who don’t understand how it really operates – for someone (who also doesn’t really have first-hand experience in the field) to just step in and make drastic alterations to entrenched stations, formats, audiences and sponsors just to make a political statement. Harrison states, “There are more imexpedient uses of his money if that is his main purpose. After all, not all Audacy stations are conservative news/talkers… many are music, sports and a variety of formats. How inefficient such a move would be!” Harrison went on to say that radio is still an extremely powerful and potentially lucrative medium if only its present owners and operators believed in it and invested in its programming and marketing. He encouraged radio broadcasters to understand and believe in the “esthetic of ‘radio’ and not be so anxious to bail out into the utilitarian term ‘audio.’” Harrison and Valdés tied the discussion into the current news about the AM for Every Vehicle Act currently making its way through Congress stating that radio is still a lifeline for service to the community as a place for information, education, and entertainment and that eliminating it from automobile dashboards would be about “five to 10 years premature.” Listen to last night’s conversation here.

Industry News

BIA: WTOP, Washington Top Biller in 2023

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Hubbard Broadcasting’s all-news WTOP-FM, Washington, DC was the nation’s top billing radio station last year – and it wasn’t even close. According to a report from BIA Advisory Services, the news outlet racked up $66.3 million compared to runner-up KIIS-FM, Los Angeles’ $41.8 million. Interestingly, Beasley Media Group sports talker WBZ-FM, Boston ($32.7 million) beat Audacy’s legendary WFAN-FM, New York ($30.3 million). BIA also produced a chart of the top billing AM stations in the U.S. in which Audacy’s all-news WBBM-AM, Chicago topped the chart with $30 million billed. See that chart below.

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Industry News

Round Three of April PPMs Released

imThe 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. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry Views

Sabo Sez: Try It, You’ll Like It

By Walter Sabo
CEO, Sabo Media Partners
A.K.A. Walter M Sterling
Host, Talk Media Network

imThis week, I started a five-night show on Audacy’s WPHT, Philadelphia. Thank you, market president David Yadgaroff. Because of my tenure in the industry, I received a flattering, humbling number of emails from colleagues in radio. THANK YOU. The support and encouragement are appreciated and certainly needed!

There was a pattern to the notes beyond the kind thoughts for my future. Almost every note hoped that the example of my show’s non-political content would compel other broadcasters to stop their political speeches and start a broader, real-life focused conversation. These emails were from CEOs, program directors, news directors, owners, and hosts. My response is, why me? If the note writer believes broader content would be good for their business, why don’t they put it on the air, today?

It would be fun to speculate on the answer to that question. It would also be pointless because the real answer is…  just do it!

Radio executives love to copy success. I am mystified by why they are copying failure. Almost all politically focused talk stations are declining in audience and gaining in demographic age. Daytime TV talk shows cover much broader topics that capture younger demos, are growing in audience and, as a category, generate $5 billion in annual revenue.

Broader topic menus work well. Thanks to enlightened owners, my company has launched many stations and hosts that are not political. Of course it works, life is what your target listener is discussing with their friends right now. Follow my example. Your audience will grow, and you’ll generate more revenue.

(EDITOR’S NOTE:  Walter Sabo will be appearing on a panel discussion titled, “Beyond Politics” at TALKERS 2024: Radio and Beyond on Friday, June 7 at Hofstra University on Long Island. For information, click here.

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

Industry News

Round One of April PPMs Released

imThe first of four rounds of ratings information from Nielsen Audio’s April 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 covered March 28 through April 24. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media Group’s news/talk WABC drops eight-tenths to finish with a 3.2 share (weekly, 6+ AQH share) and falls to the #11 rank, while iHeartMedia’s news/talk WOR sheds two-tenths for a 1.4 share and remains ranked #20. In Los Angeles, iHeartMedia’s news/talk KFI surrenders nine-tenths to wrap the survey with a 4.6 share but remains ranked #3, as Audacy’s all-news KNX-FM rises four-tenths to finish with a 3.4 share and remains ranked #10. In Chicago, Nexstar Media Group’s news/talk WGN rises six-tenths for a 3.8 share and remains ranked #9, while Audacy’s all-news WBBM-AM/WCFS-FM dips two-tenths to a 5.2 share to stay ranked #4. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

Audacy First Quarter Net Revenue Rises 1%

Audacy reports Q1 2024 net revenue of $261.8 million, an increase of 1% over the first quarter of 2023. The company reports a net loss of $1.85 million, a marked decline from the net loss of $35.9 million it reported in Q1 of 2023. While local and national spot revenue fell 3.5% to $153.5 million, digital revenue was up 10.2% to $62.7 million and network revenue rose 10.4% to $21.9 million. Audacy also reportsim revenue for its stations by general format and the company’s sports revenue was $56.6 million – an increase of 6.5% – while its news/talk revenue fell 5.5% to $40 million. Audacy chairman, president and CEO David J. Field comments, “Audacy delivered a solid start to 2024 with Q1 EBITDA increasing 173% vs the prior year. Second-quarter revenues are currently pacing up low-single imdigits, and we expect another quarter of substantial EBITDA growth, enhanced by our continuing work on expense reductions. Our improving results are predominantly attributable to a significant acceleration in digital revenue growth, continuing meaningful revenue share gains, and declining expenses as our transformational investments bear fruit. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization, which will reduce our debt by 80%, and are now awaiting FCC approval to complete the process. I want to salute our team for their excellent work in driving financial and operating progress while simultaneously executing our reorganization plan, all without disruption to customers, listeners, partners, vendors or our staff.