Thursday, February 24, 2022
KOA’s Mid-Morning Host Ross Kaminsky is This Week’s Guest on Harrison Podcast. One of talk radio’s leading thinkers in the realm of economics and foreign policy, Ross Kaminsky – heard 9:00 am to 12:00 noon on iHeartMedia’s news/talk giant KOA, Denver – is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” Kaminsky grew up as a Navy brat and has spent most of his adult life waving his hands and yelling on the market trading floors in Chicago after studying economics, foreign policy, and politics at Columbia University. In addition, he has been to over 60 countries which adds to his perspective on a wide range of talk topics. Harrison and Kaminsky discuss a variety of current topics including the Russia-Ukraine crisis, the pandemic, political correctness, education, the economy and the changing nature of communications media. To listen to the podcast in its entirety, please click here.
Cumulus Media Q4 2021 Revenue Rises 2.6%. Reporting its financial data for the fourth quarter of 2021 and for the whole of 2021, Cumulus Media Inc says Q4 net revenue was $252.3 million, an increase of 2.6% over the same period in 2020. Net income for the quarter was $17.6 million compared to the net loss of $249,000 posted in Q4 of 2020. For Cumulus, digital revenue was the savior in the fourth quarter. The company reports broadcast radio spot revenue of $121.8 million, down 4.8% from Q4 of 2020, and network revenue of $71.3 million, a year-over-year decrease of 1.8%. However, digital revenue was $35 million, an increase of 47.3% compared to Q4 of 2020. Looking at the whole of 2021, net revenue was $916.4 million, up 12.3% over the whole of 2020. Broadcast radio spot revenue was up 6.1% over 2020 and network revenue was up 8.5%. Digital revenue for 2021 was $126.8 million, an increase of 47.6% over 2020. Cumulus reports net income of $17.3 million for 2021 compared to the net loss of $59.7 million it posted for 2020. Cumulus Media president and CEO Mary G. Berner says, “2021 was a year of tremendous progress and accomplishment for Cumulus. We not only achieved meaningful revenue growth in core radio, delivered substantial growth in digital, and greatly improved our operating leverage through material fixed cost reductions, but we also further and significantly de-levered our balance sheet, and executed many initiatives which bolstered our position as a true audio-first media company. As we carry this momentum into 2022, we continue to see significant upside with multiple pathways to enhance shareholder value.”
Round Two of January 2022 PPMs Released. The second of four rounds of ratings data from Nielsen Audio’s January 2022 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 January 2022 sweep covered January 6 – February 2. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets. In Washington, Hubbard Radio’s all-news WTOP jumps 1.6 shares to finish with an 8.0 share (weekly, 6+ AQH share) and rises to the #2 rank, while Cumulus Media’s crosstown news/talk WMAL-FM is flat with a 3.6 share and remains ranked #12. Bonneville’s KIRO-FM, Seattle adds three-tenths to finish with a 6.9 share and jumps to #1, while Lotus Communications’ crosstown all-news KNWN-AM/FM dips three-tenths and falls to the #5 rank with a 5.2 share. In Phoenix, iHeartMedia’s news/talk KFYI shoots up 2.3 shares for a 5.7 share finish and the #3 rank as Bonneville’s crosstown news/talk KTAR-FM is up a half share and climbs to the #13 rank. You can see Mike Kinosian’s complete Ratings Takeaways for this group of markets (and yesterday’s round one) here.
Jim Bohannon Emcees Polar Plunge. Pictured above is Westwood One late night talk host Jim Bohannon serving as master of ceremonies for the annual Polar Plunge fundraiser for the Special Olympics in Westminster, South Carolina on Saturday, February 19. Bohannon said, “Air temperature? 44 degrees. Water temperature? We were afraid to check.”
TALKERS News Notes. As the conflict in the Ukraine escalates, ABC News Radio correspondent and anchor Aaron Katersky (pictured here in Lviv, Ukraine) continues to report from inside Ukraine where he’s been for the past week. Katersky also leads ABC News Radio’s live anchored coverage and is sharing his insights directly with affiliates through more than two dozen daily two-ways. Katersky’s experience as a war correspondent in network radio goes back to 2003 when he embedded with the Marines in Iraq…..At CBS News Radio, foreign correspondent Charlie D’Agata co-anchored from the Ukraine “The World News Roundup” with Steve Kathan in New York. CBS says that today’s broadcast was eerily reminiscent of the origin of “The World News Roundup” which debuted 84 years ago when Nazi Germany annexed Austria in March of 1938. The broadcast, which was hosted by Robert Trout, first gave the world the voices of Edward R. Murrow and William Shirer, pioneering a top-of-the-hour news format that linked foreign correspondents around the globe with an anchor in New York City, giving listeners first-hand reporting from CBS journalists who were, and continue to be, eyewitnesses to the most important events in world history…..The Talk Shows USA-syndicated radio program “The Money Pit Home Improvement Show” adds new affiliate stations as WSGW, Saginaw, Michigan; WORK, Canandaigua, New York; WTSN, Dover, New Hampshire; and WKYX, Paducah, Kentucky pick up the program for their lineups. Show host Tom Kraeutler says, “Across the country, home improvement projects have increased as more people work from home and stay at home. The continued growth of our affiliates shows that now more than ever, ‘The Money Pit’ is a great tool for advertisers to reach active, engaged homeowners.”
WRVA, Richmond Host Jeff Katz Helps Raise Funds for Virginia Charity. Talk radio host Jeff Katz – pictured here his with daughter Julia – just finished a 36-hour fundraising blitz for The Friendship Circle of Virginia that pairs typically developing teens with disabled children. Katz says, “It’s always believed that the special needs kiddos will get the most out of the friendship that develops but the typically developing teens are the ones who always rave about the experience. These friendships last for lifetimes!” Katz says the charity does one fundraiser per year and his team – “Julia’s Jewels” was the big “winner” this year, setting a fundraising record of $21,351 in 36 hours.
GBH President Jonathan Abbott to Step Down at Year’s End. Longtime GBH president and CEO Jonathan Abbott announces he’ll step down from that post he’s held with the public media organization for 15 years at the end of 2022. GBH says that during his tenure, Abbott “reimagined the ways that GBH, the largest producer for PBS, creates and distributes content locally and nationally across new platforms, offering greater access to its award-winning journalism, educational and cultural programs for millions of Americans. He invested in public media’s essential role as a community resource, expanding coverage of local issues with the re-launch of GBH 89.7 as an audience-focused NPR news service.” Under Abbott’s leadership GBH has grown to encompass 10 digital and broadcast media channels and he’s grown the organization’s endowment from $63 million to $523 million. He comments, “The mission to share knowledge, inspire learning and strengthen community is why I’ve devoted my career to expanding the reach and impact of public media. There is no more exciting place to do this work than GBH. It has been my great privilege to work with an extraordinary group of talented and dedicated colleagues, supporting the creation of compelling, world class content and trusted journalism that helps us understand the critical issues of our times. I am grateful to our community for its enduring support of GBH and public media.”
Russia Invades Ukraine, Financial Markets/Inflation, COVID-19, Midterm Elections/Trump & the GOP, Trump Org Investigation, and Winter Weather Among Top News/Talk Stories Yesterday (2/23). The Russian military begins its move into separatist regions of the Ukraine as Vladimir Putin warns the U.S. not to interfere and former President Donald Trump praises Putin as a “genius”; the world’s financial markets reel on the news of Russia’s invasion of the Ukraine and soaring retail prices for consumer goods and gasoline; the falling rate of COVID-19 cases in the U.S. and the truckers’ “People’s Convoy” headed for Washington, DC; the battle for control of Congress in November’s midterm elections and Donald Trump’s influence over the GOP; the grand jury investigation into the Trump Organization stalls as two NYC prosecutors quit; and the frigid and snowy weather affecting much of the U.S. were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.