Industry News

Beasley Broadcast Group Reports Q1 Net Revenue Down 5.9%

The company says that net revenue for the first quarter of 2024 was $54.4 million, a decline of 5.9% from the same period in 2023, saying this was “primarily reflecting a year-over-year decline in audio advertising and other revenue due to Beasley’s Wilmington station and esports divestitures as well as ongoing softness in the commercial advertising business, partially offset by growth in digital and political advertising revenue.” Beasley reports net income of approximately $8,000 in Q1, compared to a net lossim of $3.5 million for the same period in 2023, “primarily due to the $6 million gain on the sale of an investment in BMI holdings and lower interest expense.” Company CEO Caroline Beasley states, “Beasley continues to advance our core initiatives, which are focused on driving revenue and cash flow, including our digital transformation, revenue diversification and expense management initiatives. We expect digital to account for between 20% and 25% of total revenue in 2024, driven by the ongoing growth and success of our premium content creation and digital services. On the new business front, our dedicated sales teams are leveraging the tremendous audience reach and engagement of our platform to attract new advertisers. In summary, Beasley’s underlying fundamentals – mainly, our local audio and digital platforms and audience engagement – remain strong. We are proud of our teams’ steadfast commitment to delivering exceptional content and services to our listeners, advertisers, online users and sports fans, and remain confident that the actions we are taking to transform our company and strengthen our balance sheet, are laying the foundation for future growth and success.”

Industry News

ESPN West Palm Celebrates 20th Anniversary

Good Karma Brands is celebrating 20 years of sports talk in the West Palm Beach market on WUUB-FM “ESPN West Palm.” GKB says it launched sports talk on WEFL-AM in 2003. “Today, ‘ESPN West Palm’ includes ‘ESPN 106.3,’ ‘Deportes Radio 760 AM,’ ESPN West Palm on (TV outlets) WPTV and WFLX, the Roofclaim.com Boca Raton Bowl, The High School “Top 63” Awards as well as other digital assets and events. Over the past two decades, ESPN West Palm recognized high school athletes, covered local teams, partnered with area businesses to help achieve their goals, gave back to the community, and ultimately defined West Palm Beach as a true sports town.” GKB West Palm market manager Stephanie Prince says, “Up until 2003, West Palm Beach was the largest market in the country without a sports radio station of its own. We are proud of the team, and the relationship we’ve established with our fans via the audio, event, coverage and digital platforms we have built. We are excited to celebrate and give back to the community by donating $20,000 to various local charities.” The station began a 20-hour celebratory broadcast at midnight (3/3) and Mayor Keith James is declaring today ESPN West Palm Day to recognize the station’s impact in the town in which it operates.

Industry News

Axios: Talk Radio Landscape Two Years After Limbaugh’s Passing

A piece by Sara Fischer in Axios looks at the state of conservative talk radio two years after the genre’s putative founding father Rush Limbaugh passed away, leaving a literal and figurative void in the industry. Talk media practitioners are aware that the occasion of Limbaugh’s passing gave rise to a number of conservative talk personalities as they battled to fill the midday radio time slot occupied for so many years on more than 600 stations. In the bigger picture, Fischer writes, “Today, no one radio host commands the same level of power and influence that Limbaugh did, but a number of new voices are emerging — blending the reach of traditional and digital platforms — and collectively proving to be more powerful in shaping conservative opinion for younger audiences.” TALKERS magazine publisher Michael Harrison is quoted in the piece saying, “The world is changing and there are questions as to how Limbaugh, had he lived and remained healthy — based upon his mindset and his approach to the business — would have remained as pertinent as he was. He was not as flexible when it came to social media and some of the other forms that it takes right now to be a media presence as opposed to just a radio presence.” Read the entire article here.

Front Page News Industry News

Friday, April 8, 2022

 

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS, is now posted. This new episode titled, “Atrocities,” looks back at this past week of 4/4 to 4/8. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERSDerek Hunter, talk show host, WCBM, Baltimore; Jim Bohannon, talk show host, Westwood OneWalter Sterling, talk show host, “Sterling on Sunday”; Arthur Aidala, criminal trial lawyer/talk show host, AM 970 The Answer, New York and Matthew B. Harrison, associate publisher, TALKERS/law professor, Western New England University School of Law. The show airs weekends on WONK-FM, Washington, DC; WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD, Denver; KFNX, Phoenix; KTLK-FM, St. Louis; WPG, Atlantic City, NJ; SuperTalk 99.7 WTN, Nashville; KMZQ, Las Vegas;  WTPL, Manchester, NH; WEMJ, Laconia, NH; WTSN, Dover-Portsmouth, NH; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; WGDJ, Albany, NY; WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, DE; WCHM, Clarkesville, GA; WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; KQEN, Roseburg, OR; the Virginia Talk Radio NetworkCRN Digital Talk Radio NetworkPodcast Radio UK and many more. To listen to this week’s episode, please click here. To view the latest TALKERS topic research, please click here. “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.

 

KVI, Seattle to Add Rita Cosby Show to Program Lineup. Programming changes will take place at Lotus Communications’ talk outlet KVI-AM, Seattle “Talk Radio 570” on Monday (4/11). The station will move the Radio America syndicated “The Dana Show” starring Dana Loesch to the 6:00 pm to 9:00 pm daypart and will add “The Rita Cosby Show” in the 9:00 pm to 11:00 pm slot. Lotus says, “Cosby is one of the most recognized and respected broadcasters in America who has attained an extraordinary level of success in multiple arenas that few in the media landscape have achieved. Cosby was named Radio Ink’s 2018 Most Influential Woman Legend of the Year and has won six Gracie Awards in radio, including for Outstanding Host and Outstanding Talk Show. She is also a renowned Emmy-winning TV host, who anchored highly rated primetime shows on both FOX News Channel and MSNBC.” KVI program director Rick Van Cise adds, “Dana Loesch has proven to be a great addition to KVI’s nighttime lineup – so much so that we are expanding her show and moving it to an earlier timeslot. We are also thrilled to announce the addition of Rita Cosby who will help KVI listeners wrap up their evening with a deep-dive into the latest news along with powerful and compelling interviews.”

 

Former Missouri House Speaker Elijah Haahr to Host Afternoon Show on KWTO-AM, Springfield. Beginning Monday (4/11), former Missouri House Speaker Elijah Haahr will host the 4:00 pm to 6:00 pm show on Zimmer Midwest Communications’ news/talk KWTO-AM/K227AO, Springfield, Missouri. The station says that Haahr graduated with honors from the law school at the University of Missouri and practiced law before serving eight years in the Missouri General Assembly, including as Speaker of the House from 2018-21. The station employs another former House Speaker in morning host Tim Jones. Zimmer-Springfield operations manager Tom Ladd says Haahr was a “no-brainer for a station that’s quickly becoming known as the ‘Speaker’s House.’ Elijah brings so much passion for radio and a connection with listeners. His show will be informative, bit it will also be a lot of fun.”

 

Good Karma Brands Announces New Digital Program ‘Good Karma Wrestling.’ Last night (4/7), Good Karma Brands debuted its new digital content venture, “Good Karma Wrestling (GKW),” across its social and digital platforms. The weekly show, hosted by ESPN Chicago’s Jonathan Hood, ESPN Milwaukee’s Gabe Neitzel, and ESPN West Palm’s Brian Rowitz, now streams every Thursday at 7:00 pm ET. Good Karma Brands VP of content Evan Cohen says, “We are extremely excited to launch our first coast-to-coast show with Good Karma Wrestling. Jonathan, Gabe and Brian will bring a fresh insight and fun energy to the show, and nothing speaks to sports and entertainment quite like wrestling.” GKB adds that every “Good Karma Wrestling” show will be viewable to watch back and linked on GKB’s platforms.

 

‘Island Time in the Desert with TMac & Noah’ Joins Up On Game Presents Podcast Lineup. A new podcast joins the Up on Game Podcast Network led by FOX Sports Radio’s LaVar Arrington.  The new show, “Island Time in the Desert with TMac & Noah,” featuring University of Arizona freshman football players Tetairoa “TMac” McMillan and Noah Fifita to the Up On Game Presents podcast lineup. The podcast gives “listeners a front row seat as two student athletes navigate the rigors of college life in the classroom and on the field. The duo will share their thoughts and opinions on the week’s trials and victories, as well as interviews with guests along their journey.” Arrington says, “I’m excited to welcome these young men, who I watched grow up in front of my eyes, to the Up on Game Presents feed. Noah and TMac changed the whole landscape of high school football in the Trinity League – arguably the toughest league in the country. They played a vital role in making Servite High School football relevant again and I believe they will do the same for Arizona. Powerful, impactful, young voices are needed and essential for our youth in this day and age, and I’m proud and honored to welcome Noah and TMac to the Up On Game Presents family.”

 

The Russia-Ukraine War/U.S. Foreign Policy Top News/Talk Story for Week of April 4-8. The ongoing Russian invasion of Ukraine, allegations of war crimes against Russian soldiers, and the U.S. foreign policy combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the economy, including still-high gas prices, the high cost of food, and the supply chain, followed by the actions of the January 6 Committee at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.