Industry News

KYW-AM/FM, Philadelphia Recognizes 10 “GameChangers”

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Audacy’s all-news KYW, Philadelphia “Newsradio” is honoring 10 leaders making a difference and uplifting the lives of people in and around Philadelphia’s communities of color. This year’s honorees were recognized at a ceremony hosted by KYW Newsradio community impact reporter Racquel Williams at Audacy’s headquarters last night (2/27). Audacy SVP and market manager David Yadgaroff states, “KYW Newsradio’s annual GameChangers is a meaningful honor given to the community by the community. We are proud to spotlight the unsung heroes whose contributions shape and elevate us all. It’s a privilege to amplify their stories and the lasting impact they have through our platforms.”

Industry News

Audacy Names Berbari Yankees Post-Game Show Host

Audacy’s sports talk WFAN-AM/FM, New York names Emmanuel Berbari postgame show host for its Newim York Yankees baseball broadcasts. Berbari, in his third year with the station, will continue to serve as a fill-in play-by-play announcer. Audacy New York market president Chris Oliviero says, “We are excited to have Emmanuel take on an expanded role as the postgame show host for WFAN’s Yankees broadcasts. Emmanuel has been a terrific contributor to our team coverage the last few seasons and his passion for the game makes him a perfect fit to wrap up each game for the fans of the Bronx Bombers.”

Industry News

WQAM, Miami to Host Buckets & Bets Event

Audacy sports talk WQAM-AM, Miami will host “Buckets & Bets,” presented by Hard Rock Bet March 20-23 at the Seminole Hard Rock Hotel & Casino in Hollywood. Described as the ultimate college basketballimg tournament watch party, Buckets & Bets will “provide college basketball enthusiasts with a front-row seat to all the men’s college basketball tournament action. Massive LED screens around the room will display every game from the tournament. Fans will have access to an open bar, on-site betting, bar games, insider commentary, and more special surprises.”

Industry News

Audacy Promotes Jake Vulinec at “92.3 The Fan” in Cleveland

Audacy promotes sports talk personality Jake Vulinec to host of the 7:00 pm to 11:00 pm program “Overtime on The Fan” on WKRK-FM, Cleveland “92.3 The Fan.” Station brand manager Keith Britton comments, “Jake is a rising star in this industry, and we couldn’t be more excited to see him take over ‘Overtime.’ Jake’simg dedication, enthusiasm, and fresh perspective will bring new energy to the show, and we know our audience will love what he brings to the table.” Vulinec joined “92.3 The Fan” in May 2023 as a part-time update anchor and fill-in host. He says, “It’s surreal to me to be starting my career in the place I’ve called home for my entire life. I’m incredibly excited for the opportunity to continue to grow alongside the outstanding team at ‘92.3 The Fan’ and the best fanbase in the world. The city of Cleveland and my fellow fans have given so much to me, and now I hope to be able to give some of that back to them.”

Industry News

Audacy: Study Reveals Value of Audio Advertising

The company’s Insights from Audacy reports on a recent study from WARC (global trade association World Advertising Research Center) in which top media buyers, sellers, and measurement specialists responsibleimg for millions in ad investment were surveyed about why audio lags in media investment and why brands stand to benefit from a larger feature in media plans. The study reveals that audio has what brands need most: spectacular reach, high levels of attention, tremendous audience, and powerful performance. As an example, Audacy points to a skin care brand that used a podcast and streaming campaign to drive increased sales. See more about the study here.

Industry News

David Field Exits Audacy CEO Role

Audacy, Inc. announces that David J. Field is stepping down as president and CEO of the company and is leaving his seat on the board of directors. Named interim president and CEO is current board member Kelli Turner. The board will conduct a search for a permanent CEO. Meanwhile, Field will serve as a special advisor to the CEO and the board. Audacy board chairman Michael Del Nin states, “David has left animg indelible mark on the industry, growing Audacy from a few small radio stations into a scaled multi-platform audio content and entertainment powerhouse. He has built a great company with leading positions across the country’s largest markets and an outstanding portfolio of exclusive, premium audio content. Under David’s dedicated leadership, Audacy has been positioned for longterm success, and we look forward to working with Kelli and the entire team as the company begins its next exciting chapter.” In a statement, Field says, “Since I joined Audacy, then Entercom, we have grown from $10 million in revenues with ten niche radio stations into a $1.2 billion, multi-platform audio leader with one of the country’s two scaled radio broadcast groups, one of the largest podcast networks and the unrivaled top position in sports audio. Audacy recently completed a very successful 2024, delivering industry-leading EBITDA growth of more than 70% through the third quarter and significant revenue share gains across our radio and digital businesses. With the company in a strong competitive and financial position, now is the optimal time to pass the baton to new leadership. I am deeply proud of our extraordinary team and everything we have accomplished for our listeners, customers, partners, and communities. The company is in great hands, and I look forward to seeing the next chapter of Audacy’s success.”

Industry News

Senator John Kennedy Urging FCC to Review Soros’ Audacy Debt Acquisition

U.S. Senator John Kennedy (R-LA) wants the Federal Communications Commission to review the approval of billionaire George Soros’ acquisition of $400 million of Audacy’s debt that makes him the largest shareholder of the company that exited Chapter 11 restructuring last year. New FCC chairman Brendan Carr has promised to “take a very hard look” at a petition to reconsider the license transfer to the newimg Audacy. Before he was chairman, Carr had argued that the FCC should not allow a “Soros shortcut” but must follow FCC procedure. In June of last year Carr said the FCC had never previously used the “Soros-shortcut” procedure to approve licenses to a firm with significant foreign ownership. But Audacy argued in its opposition to the Petition to Deny (filed last summer) 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 added 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.”

Industry News

WSCR, Chicago Announces Winner of Super Bowl Ad Contest

Audacy sports talk outlet WSCR, Chicago “670 The Score” announces that Heritage Restaurant & Caviar Bar is the winner of its annual “Score Big For Your Business” contest. The restaurant will get a 30-second commercial during the station’s broadcast of the Super Bowl on February 9. The competition ran fromimg December 30 to January 19 and aims to leverage its on-air reach to help a local business brand, rebuild, or grow. Audacy Chicago VP of sports programming Mitch Rosen says, “This contest and promotion embodies everything ‘The Score’ truly stands for: live, local sports and, most importantly, the community. From the hundreds of entries we received, we know how important it is for the community to support local businesses. We’re excited to spotlight Heritage and share their story to help them grow and expand their business. Given the massive audience the game attracts on ‘The Score,’ our goal is to leverage every platform to maximize exposure for the restaurant.”

Industry News

KYW-AM/FM Philadelphia Announces Diamond Anniversary Special Programming

Audacy all-news outlet KYW Newsradio (103.9 FM and 1060 AM) in Philadelphia celebrating 60 years of service to the region with a monthly series of special programming and initiatives throughout 2025. In addition to 60th anniversary imaging, on-air liners and fresh studio signage, listeners will be able to sendimg “love notes” via the Audacy app’s voicemail feature beginning next month. In March, KYW Newsradio will feature “60 Voices” from the Philadelphia area, with quotes from local community organizers, business leaders, celebrities and hometown heroes, sharing why they love living in the Delaware Valley. Audacy SVP and market manager David Yadgaroff says, “Local radio is vital more than ever, and it’s a privilege to work at a media outlet so connected to this region. For generations, Philadelphians have turned to KYW for everything from breaking traffic updates to complex international headlines. When I walked in the door as an account executive in 1992, I was so excited to work at KYW Newsradio. That sense of pride has only grown and intensified. I’m in awe of our team and their impact on the community, and we’re excited to dedicate this year to those who have devoted their lives to reporting the facts.”

Industry News

Audacy’s Suchman: What’s Making Audio the Most Effective Ad Medium

In a piece in AdAge, Audacy chief marketing officer Paul Suchman spells out how AI and influencer marketing are transforming audio into the most effective ad medium. Suchman writes, “Audio deserves muchim more recognition as a (legacy) medium that’s constantly innovating and evolving to enhance the consumer experience and the advertiser opportunity. At the heart of Audio lives great storytelling. From the beginning of humankind to today’s best advertising, storytelling is the single most effective tool for sharing information and knowledge – all while entertaining, educating and yes, selling. Storytelling is a constant, but the way stories are told is shifting, driven by new technologies and approaches that allow brands to create more emotional connection, deliver more personalized experiences and scale their campaigns for maximum impact. And no medium is better equipped to do this than audio.” Read the full article here.

Industry News

Audacy and the Phillies Announce Multi-Year Broadcast Extension

Audacy and Major League Baseball’s Philadelphia Phillies announce a multi-year extension to their radio broadcast partnership. SportsRadio 94WIP will continue as the flagship station of the team, broadcasting allim regular and postseason games, as well as select Spring Training games. Audacy SVP and market manager David Yadgaroff says, “As we gear up for another Red October, we’re excited to announce our continued partnership with the Phillies. The Phillies are synonymous with this city’s great sports culture, and we’re proud to continue serving as the home for Phillies faithful – from every pitch throughout the season to yearlong updates and headlines surrounding their favorite team.”

Industry News

Ralph Cipolla has been promoted to VP, Programming Analytics and Research at Audacy

Ralph CipollaRalph Cipolla has been promoted to Audacy VP, programming analytics and research effective yesterday (8/28). Audacy chief programming officer, Jeff Sottolano, tells TALKERS, “Ralph joined Audacy’s programming team a little more than three years ago and has been instrumental in elevating our capabilities and ensuring the science component of the delicate marriage of art and science is well represented in all of our content decisions.  He has also been instrumental in elevating our company-wide performance insights as we have successfully grown our overall brand performance. I’m excited to have Ralph on our team and this promotion is a well-deserved reflection of his contributions and impact.”

 

Industry News

TALKERS News Notes

Joe Rogan LogoEdison ResearchJoe Rogan Tops Podcast Ranking in the U.K.  Podcaster and media personality Joe Rogan’s popularity is strong on both sides of the Atlantic.  This is according to Edison Research in releasing the Top 25 Podcasts in the UK based on reach for Q2 2024 among weekly podcast listeners age 15+. Remaining in the same rank order in the top three are “The Joe Rogan Experience,” “The Diary of a CEO with Steven Bartlett,” and “Sh**ged Married Annoyed.”  To see the entire list, please click here.

 

Rob Parker Sports RapRob Parker’s “Sports Rap Radio” in Detroit Discontinues Broadcasting.  According to reports in Barrett Media and Awful Announcing, less than 90 days after launching the country’s first all-Black sports radio station, Rob Parker’s “Sports Rap Radio” is no longer on the air.  The groundbreaking format debuted on June 4 on WXYT AM 1270 which FOX Sports Radio host Parker and a group of backers leased from Audacy. On August 27 at 5:00 pm ET, Sports Rap Radio programming was removed from WXYT, with Parker explaining the station’s second round of funding didn’t come through. “Sports Rap Radio, the idea and concept, is viable and serves the underrepresented Black community in sports-talk radio,” Parker said. “I’m proud that we were able to launch the first all-Black sports talk station in this country. I’m proud of the product the staff delivered. But I’m devastated that I couldn’t deliver this for our culture. I failed my people.”  Parker had been working on the concept since 2020 taking note of there being no Black full-time sports radio hosts in Detroit. According to the reports, it’s not just Detroit – minority hosts have long been underrepresented by sports radio stations around the country. Only 10-14 percent of the on-air talent on nearly 800 sports radio stations around the country were Black or Hispanic as recently as 2020. Audacy has flipped WXYT back to its BetQL Network.

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Industry News

TALKERS News Notes

Industry News

Programming Shakeup for Sports Talk WEEI, Boston

Rich Keefe Adam Jones

Andy Hart Christian Arcand

Audacy has announced a series of weekday programming updates for sports talkers WEEI-FM-AM, Boston.    Afternoon show co-host Adam Jones and weeknight host Rich Keefe will reunite for a new midday show. The duo, who previously hosted a top-rated evening show together for multiple years in the market, will deliver a blend of sports and lifestyle entertainment, on weekdays from 10:00 am to 2:00 pm ET beginning August 26. The station elevates Andy Hart as afternoon show co-host alongside Christian Arcand. “The WEEI Afternoon Show” will be heard weekdays from 2:00 pm to 6:00 pm ET beginning August 27. The show will welcome various special guests throughout the week, including the New England Patriots starting quarterback (whomever that turns out to be), Boston Red Sox manager Alex Cora, ESPN insider Adam Schefter and former NBA player and current NBC Sports Boston Celtic analyst Brian Scalabrine. Former afternoon show co-host Megan Ottolini will remain with the station as a full-time writer, succeeding Hart, and as a fill-in on-air host.  “These exciting updates bring together a dynamic mix of talent with New England roots that will continue to deliver top-tier content to Boston’s biggest sports fans,” says Mike Thomas, SVP/market manager, Audacy Boston. “Adam Jones and Rich Keefe’s notable on-air styles and rapport will energize our midday show, while Andy Hart and Christian Arcand’s experience will help bolster afternoon drive. We’re looking forward to this next chapter of WEEI weekdays continuing to make WEEI the go-to destination for everything Boston sports.”

Industry News

Audacy’s WCCO, Minneapolis Celebrates 100th Anniversary

Industry News

Audacy: Radio Listeners Seek Election News

Audacy announces that its Election Tracker finds that a significant majority of AM/FM listeners – 70% ofim weekly radio listeners and 80% of weekly radio streamers – are actively tuning into election news on the radio. Audacy says, “It’s more than just staying informed; these listeners are inspired to make their voices heard at the polls. Local radio is essential for these audiences, with 74% saying it helps them grasp how election results impact their communities. For many, radio is the pulse of the nation’s agenda. Nearly half (46%) of listeners have been following election news closely for over three months.” Read more here.

Industry News

TALKERS News Notes

Audacy raises more than $3.9 million for the Jimmy Fund, which supports adult and pediatric cancer care and research at Dana-Farber Cancer Institute in Boston during the 22nd “WEEI/NESN Jimmy Fund Radio-Telethon.” Audacy says that since 2002, the WEEI/NESN Jimmy Fund Radio-Telethon has raised over $73 million to improve the lives of cancer patients everywhere.

FOX News Digital finished July as the top news brand with multiplatform minutes and views, according to data from Comscore. FOX News Digital closed out the month reaching 3.9 billion total multiplatform minutes, 1.9 billion total multiplatform views, and 119 million total digital multiplatform unique visitors.

Salem Radio Network is reporting from the Democratic National Convention in Chicago this week. SRN vice president/news & talk programming Tom Tradup says, “Bob Agnew’s up-close-and-personal knowledge of Kamala Harris from covering her in the Senate bring a rich depth to his coverage of her ascendancy to the 2024 Democrats nominee for president. Our tag-team of Agnew and SRN News White House correspondent Greg Clugston already is delivering DNC 2024 coverage that’s second to none in radio news.”

CBS News Radio takes home two Edward R. Murrow Awards from the Radio Television Digital News Association. CBS won in two categories: Breaking News Coverage (Radio) CBS News Radio October 7th and Overall Excellence (Radio) CBS News Radio.

Industry News

Judge Approves Audacy’s Extension Request For D-I-P Loans

AudacyEarlier this week (8/14), TALKERS reported the United States Bankruptcy Court for the Southern District of Texas Houston Division approved Audacy’s prepackaged plan for reorganization under Chapter 11 on February 20 (2024). The company was awaiting the FCC’s blessing on the plan to complete reorganization and its Debtor-in-Possession credit facility in the aggregate principal amount of $32 million, maturing next Monday (8/19). Audacy asked the Court to extend the maturation date to September 30, 2024. After a 1:00 pm (CT) hearing yesterday (8/15), U.S. Bankruptcy Judge Christopher Lopez – as expected – approved an emergency motion allowing Audacy to extend its pause on certain financial obligations beyond the original deadline. Audacy stated in its second quarter 2024 financial report that it expects to receive FCC approval in the third quarter of this year.

Industry News

Audacy Requests Extension for Debtor-in-Possession Loans

The United States Bankruptcy Court for the Southern District of Texas Houston Division approved Audacy’s prepackaged plan for reorganization under Chapter 11 on February 20 of this year. But the company isim awaiting the FCC’s blessing on the plan to complete reorganization and its Debtor-in-Possession credit facility in the aggregate principal amount of $32 million matures on August 19, 2024. (This DIP Facility allows Audacy to function during the reorganization period.) Audacy is asking the Court to extend the maturation date to September 30, 2024. Audacy stated in its second quarter 2024 financial report that it expects to receive FCC approval in the third quarter of this year.

Industry News

Union Comments on Audacy’s WCBS-AM, New York Decision

The radio industry was in shock yesterday after Audacy announced it will shut down the all-news format on New York’s legendary WCBS-AM and lease the signal to Good Karma Brands for its “ESPN New York” sports talk format. The Writers Guild of America East represents news staffers at the station, and it had theim following response to the company’s decision: “The Writers Guild of America East is devastated that Audacy, the second largest radio company in America, today announced that they are shutting down WCBS Newsradio 880, a trusted news source for New Yorkers since 1924. There were 23 WGA East members laid off by Audacy, and we expect the company to comply with the applicable provisions in our collective bargaining agreement, including guaranteed severance. Audacy is the owner of more than 200 radio stations in nearly 50 markets. The closure of WCBS Newsradio 880 is another example of consolidation by a major media conglomerate, which ultimately deprives the public of critical local news stories with different perspectives. Audacy’s decision is even more egregious given that this is a critical election year. This is a giant loss for New York City and the news industry at large.”

Industry News

Audacy Releases “The Power of Sports” Fandom Study

The study, conducted in partnership with Vision Insights, tells the story of sports fans’ loyalty to content and broadcast brands and that resulting impact that radio delivers for brands and advertisers, especially thoseim that partner with Audacy’s own sports talk stations. Some of the key takeaways from this study include: 1) Sports fans are 4x more likely to trust brands that support their teams; 2) Listeners are 4x more likely to catch a brand’s message on sports radio than on TV; 3) 73% of fans spend more time following their favorite teams on sports audio than sports-related digital media; and 4) Brands that advertise on Audacy sports stations enjoy a 40% lift in usage.  See more about the study here.

Industry News

Report: Parkins to Leave “The Score” for FS1

According to a report in the Chicago Sun-Times, WSCR, Chicago sports talk host Danny Parkins will leaveim the Audacy station to become part of a new show on FS1. Parkins has worked alongside Matt Spiegel on the afternoon drive program for the past seven years. This summer, Parkins filled in for Colin Cowherd on the cable TV show The Herd and reportedly acquitted himself well. The FS1 show is scheduled to launch this fall. Parkins and Audacy have not commented publicly about the story.

Industry News

Audacy to Shutter All-News WCBS-AM, New York; GKB to Lease Signal for ESPN New York

Audacy announces that it is ending the all-news format on WCBS-AM, New York and will lease the signal to Good Karma Brands, which will begin airing its sports talk “ESPN New York” format on the signal, beginning August 26. Audacy plans to change the call letters to WHSQ-AM. Audacy, which will continue to operate all-news WINS-AM/FM, has not commented on how the change will affect WCBS-AM staffers. Audacy Newim York market president Chris Oliviero states, “New York has always been proudly unique in supporting two all-news radio brands, but the news business has gone through significant changes. The headwinds facing local journalism nationwide made it essential to strategically reimagine how we deliver the news for the most impact. WCBS 880 has been one of the most respected radio stations in history, with a legacy cemented by the hundreds of world-class journalists, on and off the air, who willed it into existence over the decades. If it happened in New York or the world, you heard about it on WCBS 880. Today, 1010 WINS@92.3FM, equally iconic, moves forward as New York’s only 24/7 all-news station with the best distribution platform, the largest audience and the most recognized brand in the industry. All-news is a pillar of Audacy, and this decision, though difficult, fortifies that leadership position for generations to come.” Audacy says that to honor WCBS 880’s meaningful impact, the station will broadcast a live commemorative special, “WCBS 880 News: The People, the Moments, and the Events that Shaped our Lives,” on August 22 from 10:00 am to 1:00 pm ET. This special edition of “NEWSLINE” with Brigitte Quinn will include interviews and historical clips. Audacy New York will continue to serve as the exclusive rights holder and flagship audio home of the New York Mets. Audacy-produced broadcasts will continue to air on 880 AM and stream on the Audacy app.

Industry News

Audacy Q2 Net Revenue Rises 1%

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”

Industry News

Audacy to Launch New Sports Talk Outlet in Kansas City

Audacy will flip alternative rock KRBZ-FM, Kansas City to sports talk as “96.5 The Fan” and is changing the call letters to KFNZ-FM. Audacy says, “The market-leading sports talent, commentary, analysis and play-by-play coverage previously heard on ‘610 Sports Radio’ (KCSP-AM) will now be heard on 96.5 The Fan – marking Kansas City’s first full-time FM Sports station. This FM sports destination will be the new flagshipim radio station of the back-to-back defending Super Bowl champion Kansas City Chiefs and broadcast all pre-, regular and post-season games. Chiefs games will be simulcast on 106.5 The Wolf “WDAF-FM” for the 2024 season.” The station will also serve as the play-by-play home of the Kansas City Royals, Kansas State University and University of Missouri men’s basketball and football. The station’s weekday programming and play-by-play content will also be heard on KFNZ-AM “The Fan AM 610,” formerly known as KCSP-AM. Audacy Kansas City SVP and market manager Roxanne Marati comments, “Kansas City has the most passionate sports fans in the country, and they deserve a one-stop destination for premium sports content year-round. This is an exciting time for KC sports, and our exclusive partnership with the World Champion Chiefs, local content and engaging personalities with unrivaled sports knowledge will fuel fandom, bring listeners closer to the action and keep them connected to their favorite teams.”

Industry News

Reggie Adetula Joins KILT-AM, Houston in Middays

Audacy names Reginald “Reggie” Adetula midday co-host of the “In The Loop” midday show alongside coim-host John Lopez and producer Edward “Figgy Fig” Gilliard on KILT-AM “SportsRadio 610,” beginning August 19. KILT brand manager Parker Hillis comments, “We’re thrilled to have Reggie join ‘In The Loop’ as the newest host. He’s a natural talent whose on-air enthusiasm and innate ability to connect with an audience will make him the perfect fit here in Houston.” Adetula is a native Houstonian who returns home after nine years as the evening host and producer on Audacy’s KRLD-FM, Dallas “105.3 The Fan.”

Industry Views

SABO SEZ: The Myth About Wall Street

By Walter Sabo
CEO, Sabo Media Action Partners
A.K.A. Walter M Sterling
Daily host, WPHT Philadelphia
Weekly host, Talk Media Network

imWall Street investors do not put up money for traditional radio and television stations.

That myth has been a burden within our culture for about 10 years and it just is not true. From a 1980s fast-buck perspective, traditional media does not offer the no-effort returns it once did. But major investors continue to seek opportunities from radio and TV acquisitions. Notably, today the money is much “smarter” than that found in the 1980s.

(Side note, the 1980s rush to radio put the business in the hellish financing we live with today. The new money won’t do that.)

Marc Rowan is the CEO of Apollo Advisors which bought Cox TV and radio. Apollo was first money in Sirius radio. Their escrow check closed the deal for Howard Stern and changed the radio industry. Marc explained to me that Apollo is not an investor, they are “owners.” Apollo has a long game plan as savvy operators with decent, moral standards. Marc actually likes, consumes and celebrates media. Apollo is not a chop shop. They build businesses.

George Soros is about to close on Audacy. Mr. Soros is a brilliant business builder. Like Apollo, he is an owner/operator. Soros represents smart money going into the proven medium of radio.

John Malone, builder of the cable industry, saved Sirius within days of bankruptcy. The company was about to miss payroll, Malone pulled it out the fire and through Liberty holdings he continues to control 83% of SiriusXM. Over the years he has grown, not diminished Liberty’s stake in the satellite company.

Rowan, Soros, and Malone have one thing in common: They are not jokers. They each have robust histories of sober, sane investments which has made them billionaires. While you and I shop the price of milk, the new owners of proven media are model guides for future Wall Streeters.

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.. His nightly show “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com

Industry News

TALKERS News Notes

FOX News Channel’s “Gutfeld!” – hosted by Greg Gutfeld – will broadcast live at 11:00 pm ET each night following the network’s coverage of the Democratic National Convention in Chicago. From August 19 through 22, the program (which is usually taped earlier in the day) will be joined live by a studio audience in New York City for the first time ever.

Audacy’s sports talk WEEI-AM/FM, Boston and the New England Patriots announce a multi-year extension to their broadcast partnership that includes the continuation of exclusive “Patriots Monday” and “Patriots Friday” programming, featuring head coach Jerod Mayo and Patriots players. This year marks the 30th season of the partnership between WEEI and the Patriots, which began in 1995.

The latest episode of Benztown president Dave “Chachi” Denes’ podcast “Chachi Loves Everybody” features a conversation with National Association of Broadcasters president and CEO Curtis LeGeyt.

Industry News

Round One of July 2024 PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s July 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 June 20 through July 17. 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 rises a half share to finish with a 3.8 share (weekly, 6+ AQH share) and climbs to the #10 rank, while iHeartMedia’s news/talk WOR tacks on two-tenths for a 1.7 share finish good for the #19 rank. In Los Angeles, iHeartMedia’s news/talk KFI adds three-tenths to finish with a 4.0 share keeping it locked in the #7 rank, while Audacy’s all-news KNX-FM rises two-tenths to a 3.3 share, lifting it to the #10 rank. In Chicago, Nexstar Media Group’s news/talk WGN is flat with a 2.5 share but rises two places to the #13 rank, while Cumulus Media Group’s news/talk WLS-AM ticks up one-tenth to a 1.2 share, staying in the #25 spot, and Audacy’s all-news WBBM-AM/WCFS-FM dips two-tenths to a 5.2 share good for the #5 rank in the market. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

KRLD, Dallas Adds FOX News Radio’s Will Cain

Audacy’s KRLD-AM, Dallas adds FOX News Radio’s “The Will Cain Show” to its program lineup, airing fromim 7:00 pm to 8:00 pm. KRLD brand manager Drew Anderssen says, “Will’s unique perspective on today’s top headlines will be a welcomed addition to our revamped lineup on KRLD. We’re excited to expand his reach and introduce his wildly popular program to KRLD listeners in Dallas and nationwide via the Audacy app.”

Industry News

WWJ, Detroit Announces News Staff Additions

Audacy’s all-news WWJ, Detroit brings Tim Pamplin aboard as a news reporter and promotes Darrylinim Horne to a full-time reporter position. Pamplin has spent the past 30-plus years with WDIV-TV as a photojournalist and reporter. Horne has been a part-time producer and imreporter at WWJ since 2021. Previously, she was a weekday reporter and weekend fill-in producer at WLNS-TV. Audacy Detroit market manager Debbie Kenyon states, “We couldn’t be more excited for Tim to join our news team. We plan to leverage his renowned breaking news reports to provide our listeners with quality coverage of each day’s top stories. We’re also looking forward to supporting Darrylin in this new role as she applies her skillful storytelling in everything from feature stories to contributions on our digital platforms.”