Tag: Ken Lagana

Front Page News Industry News

Friday, August 5, 2022

By Editor | by Editor

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, “Mixed Messages,” looks back at this past week of 8/1 to 8/5. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Harry Hurley, talk show host, WPG, Atlantic City; Jack Heath, talk show host, The Pulse of NH, New Hampshire; Richard Neer, talk show host, WFAN, New York; and Greta Van Susteren, talk show host, Newsmax TV. The show airs weekends (Friday evenings to Sunday nights) on almost 100 broadcast signals and networks across the U.S. and U.K as well as having developed a significant international following as a podcast. 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 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.

iHeartMedia Q2 2022 Revenue Up 10.7%. The company reports that its 2022 second quarter consolidated revenue was $954 million, an increase of 10.7% over the same period in 2021. For the quarter, iHeartMedia posted net income of $15.2 million compared with the net loss of $32 million it reported for Q2 of 2021. iHeartMedia reports financial data in three segments: the Multiplatform Group (broadcast, networks, and sponsorships & events), Digital Audio Group, and Audio & Media Services Group. The company says revenue from the Multiplatform Group increased $27.5 million, or 4.5% year-over-year, primarily as a result of the continued recovery from the impact of the COVID-19 pandemic. Broadcast revenue grew $12.2 million, or 2.7%, driven by higher spot revenue and political advertising revenue as 2022 is a midterm election year, partially offset by lower trade and barter revenue due to the impact of the timing of the iHeartRadio Music Awards show, while Networks grew $3.9 million, or 3.2%. Revenue from Sponsorship and Events increased by $9.5 million, or 33.2%, primarily as a result of the return of live events. Revenue from iHM’s Digital Audio Group increased $54.6 million, or 27.6% compared to the same period in 2021. Digital, excluding podcast revenue, grew $22.4 million, or 15.5%, driven by increased demand for digital advertising. Podcast revenue increased by $32.3 million, or 60.4%, driven by higher revenues from the development of new podcasts as well as growth from existing podcasts. iHeartMedia chairman and CEO Bob Pittman says, “We’re pleased to report another quarter of solid results for iHeart in terms of consumer usage, revenue and earnings growth and, most importantly, strong free cash flow generation. The Digital Audio Group continues to deliver industry-leading growth, and our Multiplatform Group continues to demonstrate that it is a growth engine for the company as well. As the #1 audio company in America across broadcast radio, digital radio and podcasting – and the largest consumer reach audio company in the U.S. by far, we remain committed to building our businesses for future growth and continuing to deliver both trusted companionship to our listeners and significant and unique value to our advertising partners.”

Audacy Q2 Net Revenue Rises 5%. Citing “declining macroeconomic conditions,” Audacy reports net revenue of $319.4 million, an increase of 5% over the same period in 2021. The company says that core spot revenue was $200.5 million – flat compared to the second quarter of 2021, and digital revenue was $69.3 million, up 19% compared to the second quarter of 2021. The company reports a net loss of $773,000 in Q2 of 2022 compared to the net income of $1.4 million it reported during the same period a year ago. Audacy breaks down its revenue by format categories and says that the news/talk category revenue (news/talk and all-news stations) was $51.8 million, an increase of 4.2% over the same period in 2021. Audacy president and CEO David Field comments, “After a very strong first quarter in which we grew revenues by 14% and significantly increased margin, our second quarter results were adversely impacted by declining macroeconomic conditions and ad market headwinds which reduced our top line growth to 5%. While we navigate the turbulent current market conditions, we are excited by our future growth potential across our scaled, multi-platform businesses, capitalizing on a number of important recent developments that include an enhanced national sales organization, expanded podcast and streaming audio networks, and during the second half of this year, the rollout of a new, reimagined digital platform and ad tech capabilities that will enable us to unlock pools of ad demand and supply that we can’t effectively monetize today. Our transformational development over the past couple of years has meaningfully enhanced our competitive position, strengthening our capacity to serve listeners and customers and enabling a powerful set of opportunities for revenue and EBITDA growth in the dynamically growing audio market.”

Audacy Gets Listing Standards Notice from NYSE. The company received notification from the New York Stock Exchange that its Class A common stock is not in compliance with the exchange’s continued listing standard requiring a minimum average closing price of $1.00 per share over 30 consecutive trading days. The notice does not result in the immediate delisting of the common stock from the NYSE. Audacy says it plans to notify the NYSE that it intends to regain compliance and is considering all available options that are in the best interests of the company and its shareholders. Audacy can regain compliance during a six-month cure period if, on the last trading day of any calendar month during the cure period, the common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.

Salem Media Group Revenue Climbs 7.7% in Second Quarter of 2022. Reporting its financial data for the second quarter of 2022, Salem Media Group reveals total revenue of $68.7 million, an increase of 7.7% over the same period in 2021. The company also reports net income of $9.1 million, an increase of more than 300% from the net income of $2.25 million reported in the second quarter of 2021. Salem reports in three segments: Broadcast, Digital Media, and Publishing and for Q2 of 2022, net broadcast revenue increased 12.1% to $52.5 million. Digital Media revenue increased 4.5% to $10.8 million, while Publishing revenue decreased 18.5% to $5.4 million.

Saga Communications Second Quarter Net Revenue Up 6.3%. For the second quarter of 2022, Saga Communications, Inc posts net revenue of $29.8 million, an increase of 6.3% over the same period in 2021. Station operating income increased 10.6% to $9.3 million and operating income was $5.4 million compared to $4.6 million for the same quarter last year. Free cash flow was $3.2 million in Q2 of 2022 compared to $4.2 million for the same period last year. Capital expenditures for the quarter were $2.6 million compared to $921 thousand for the same period last year. Capital expenditures for the quarter included the $1.1 million purchase of a building in Norfolk, Virginia that will replace the company’s existing leased studio and office facility. Saga reports net income of $3.8 million for the second quarter of 2022 compared to net income of $3.3 million for the same period a year ago.

Audacy and CBS Sports Digital Patner for Content Distribution and Ad Sales. This exclusive, multi-year deal between Audacy and CBS Sports Digital makes Audacy the exclusive, ad sales and distribution partner for CBS Sports’ network of sports podcasts. The press release states that CBS Sports Digital has grown to reach more than 90 million monthly active users, making it the second-largest sports group in the U.S, and with more than 65 shows and nearly 100 million downloads in 2021. Audacy EVP of digital sales Ken Lagana says, “We are incredibly excited to be partnering with CBS Sports in the podcasting space – properties I know well from my time spent there. Adding this family of content to our roster provides Audacy with a number of the leading sports, fantasy sports and betting podcasts, areas we have enjoyed significant success to date and are important to our clients.  This partnership could not come at a better time with football season fast approaching.”

TALKERS News Notes. The John Fredericks Media Network announces a programming agreement for the newest member of its growing portfolio of radio stations as the network’s programming is now airing on Chesapeake-Portsmouth Broadcasting Corporation’s WTJZ-AM, Portsmouth, Virginia. JFMN chief operating officer Anne Fredericks says, “The Norfolk market is critical to our Virginia network as it represents the biggest U.S. naval base in the world at a very uncertain time for our nation’s Navy personnel. The uncertainty of potential hostility in the Asian perimeter and the South China sea makes this opportunity more important than ever. We will continue to provide all our listeners with extensive and in-depth coverage of China’s military and economic moves in the area, as well as top-flight analysis of the evolving events.”…..FOX Sports Radio’s LaVar Arrington announces an addition to his Up On Game Presents podcast lineup as musician, songwriter and creative director Flash Garments launches the “Under Appreciated with Flash Garments” show. Arrington says, “We’re super excited to have Flash Garments join the Up On Game Presents lineup with the launch of his ‘Under Appreciated’ podcast. Flash knows everybody, is very well respected, and has a lot to say! I think listeners will really enjoy this inspiring and enlightening program, and we look forward to sharing it with our audience every Friday!”…..WNRI, Woonsocket, Rhode Island talk host John DePetro has been filling in this week for WPHT, Philadelphia’s Dawn Stensland on her 10:00 am to 12:00 noon program…..The GCN-syndicated program “Classic Radio Theater with Wyatt Cox” adds new affiliate stations as KVOE-AM, Emporia, Kansas and KGEZ-AM, Kalispell, Montana adds the show to their program schedules. Cox comments, “I grew up on Sunnyslope Street in Emporia and listened to KVOE, enjoying some of the great music of the 60s and the fun personalities like the late Roger Hartsook. It’s a source of pride to be back in Emporia, if just virtually, every weekday.”

Video Tribute to Rich Stevens. The radio personality died on July 30 after suffering a heart attack. Rich Stevens enjoyed a career in music radio as well as in the talk radio format, hosting a program on Hubbard Radio’s WFTL, Fort Lauderdale. “Radio’s Best Friend” Art Vuolo put together a tribute video that you can see here.

The Economy Top News/Talk Story for Week of August 1-5. The state of the U.S. economy – the still-high cost of food and gasoline and the threat of a recession – was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was a tie between partisan politics, the elections, and abortion rights, followed by House Speaker Nancy Pelosi’s trip to Taiwan tied with the related U.S.-China relations 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.

Front Page News Industry News

Friday, January 28, 2022

By Editor | by Editor

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 magazine, is now posted. This new episode titled, “Back in the USSR,” looks back at this past week of 1/24 to 1/28. The program features guests (in order of appearance): Kevin Casey, TALKERS executive editor, John Batchelor, talk show host, CBS Radio; Harry Hurley, talk show host, WPG, Atlantic City; Victoria Jones, executive director/commentator, DC Radio Company; Josh Hammer, opinion editor/podcaster, Newsweek; and Nanette Holt, reporter, The Epoch Times. 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; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; 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 Network; CRN Digital Talk Radio Network; Podcast Radio, UK and many more. To listen to this week’s episode, please click here.  To view the latest TALKERS magazine 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.

Bonneville Names Sean Thompson PD for ‘Arizona Sports.’ Sports radio pro Sean Thompson is named program director for Bonneville’s Phoenix sports talk properties, KMVP-FM “98.7 FM Arizona Sports” and KTAR-AM “ESPN 620 Phoenix.” Thompson comes to Bonneville from his most recent position as assistant brand manager for Audacy’s WZGC-FM, Atlanta “92.9 FM The Game.” Thompson comments, “It was going to need to be the ultimate opportunity for me to leave ‘The Game’ and I’ve found it. With the talented talk shows, flagship relationships with all the local teams and full commitment to digital content, the potential for the ‘Arizona Sports’ super brand is limitless.” Bonneville Phoenix SVP and market manager Ryan Hatch adds, “Sean is the perfect person to lead ‘Arizona’s Sports Station’ to new heights. He is strategic, creative, collaborative and we can’t wait to see what he will do to continue to grow the ‘Arizona Sports’ brand on all channels.” Thompson takes over for Rod Lakin, who assumed the brand manager post with Audacy’s sports talk WIP, Philadelphia in October.

KFI-AM Launches Weekly Show with LA County Sheriff Alex Villanueva. Los Angeles news/talk KFI-AM announces the return of the weekly radio program, “Live and Unscripted with LA County Sheriff Alex Villanueva.” The iHeartMedia station will air the program on Sundays from 8:00 pm to 10:00 pm from its studios in Burbank. The station says, “The new weekly program is back by popular demand and is hosted by Alex Villanueva, who runs the country’s largest sheriff’s department. Every Sunday, listeners can join the show to hear the hottest topics on the mind of LA County residents: homelessness, crime, corruption and politics. Villanueva will also feature guests who will explain the inner workings of the various bureaus in his department.” Station program director Robin Bertolucci says, “Sheriff Alex Villanueva is a straight talker and KFI has always welcomed bold talk.”

Round Three of Holiday PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s Holiday 2021 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 Holiday 2021 sweep covered December 9 – January 5. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. Radio listening patterns change during this period due to the seasonal implementation of Christmas music but some spoken-word stations were able to buck that trend. Audacy’s news/talk KDKA-AM, Pittsburgh tacked on seven-tenths for a 4.4 share (weekly, 6+ AQH share) and rose to the #8 rank. iHeartMedia’s news/talk WTAM, Cleveland was up four-tenths for a 4.4 share and climbed to the #7 rank. In Kansas City, Audacy’s KMBZ-FM rose four-tenths for a 5.0 share finish good for the #5 rank in the market. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well and the first two rounds) here.

Audacy Partners with Podchaser for Podcasting Insight. A new partnership between Audacy and Podchaser will allow Audacy to use Podchaser’s metadata and podcast technology capabilities to gain insight into the performance and influence of podcasts across the entire industry, enhancing Audacy’s value proposition for agencies and clients. Audacy EVP of digital sales Ken Lagana says, “As Audacy continues to build out our industry leading, measurement and attribution suite, we are excited to partner with Podchaser to help our client and agency partners continue to make smart decisions routed in data when placing their podcast buys with Audacy.”

WABC, New York Honors Memory of Fallen NYPD Officer Jason Rivera. New York City news/talk “77 WABC Radio” is honoring fallen New York City Police Officer Jason Rivera today (1/28), the day of his funeral. The station is asking its listeners to recognize Rivera’s service. “On behalf of John Catsimatidis, chairman and chief executive officer of The Red Apple Group and subsidiary Red Apple Media and the entire staff of 77 WABC, we encourage you to join us and support a hometown hero at the NYPD by ‘standing with us’ on Friday, January 28 at 9:00 am EST to honor the life of Jason Rivera. 77 WABC will pause the airwaves and take a moment of silence to show support and ask ALL of New York City and America to STAND, outside your home, inside your home, place of work or school. All of our communities are deeply saddened and affected, and we are asking to show your support.” 77 WABC and One Times Square have collaborated to display the image of Jason Rivera on the side of their building at 8:58 am, 9:15 am, 9:30 am, 9:45 am. The station is also distributing free “Back The Blue” pins to wear to show support for police officers via its website.

TALKERS News Notes. Seattle’s all-news KOMO-AM/FM “KOMO News” is losing its heritage call letters and the “KOMO News” slogan as part of the deal that transferred the station from Sinclair Broadcast Group to Lotus Broadcasting. The Seattle Times reports that since the deal allows Sinclair to keep the KOMO calls off the stations, it will take up the new calls KNWN for “Northwest News.” Station PD and afternoon personality Rick Van Cise tells the paper, “There won’t be any difference in the sound of the radio station. The personalities, the reporters are all staying the same.”…..Austin public radio outlet KUT-FM names Jerry Quijano permanent host of the “All Things Considered” host seat at the NPR member station. Quijano began his career with KUT in 2017 as a weekend local host. After graduating from Texas A&M University-San Antonio and participating in NPR’s Next-Generation Radio project, he started full-time the following year…..“Radiolab” founder Jad Abumrad announces he’s leaving the podcast he founded almost 20 years ago and to honor and celebrate him, WNYC is releasing the very first episode of the show that was broadcast only once on WNYC’s AM station in 2002 and then locked away in the vault. WNYC says it had to literally digitize the show from several CDs to get it on air. Speaking about his departure, Abumrad says, “For the last few years – since 2016 really – I’ve told myself that there’d come a point when the team would be ‘ready’ for me to leave. When they might even need me to. I wasn’t sure when that would be or how I’d know, but I made a pact with myself to stay watchful, to create space rather than filling it, and to listen rather than talk. We’re at that point.”

COVID-19 Vaccines, Masks & Mandates Top News/Talk Story for Week of January 24-28. Controversy surrounding COVID-19 vaccine and mask mandates and the rate of infection from the Omicron variant in the U.S. and around the world came together as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the global tensions over the Russian military build-up at the Ukraine border, tied with relations between the U.S. and China. Coming in at #3 this week was the announced retirement of Supreme Court Justice Stephen Breyer and speculation about President Joe Biden’s potential nominee. 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.

Front Page News Industry News

Tuesday, January 18, 2022

By Editor | by Editor

WMAL-FM, Washington Unveils New ‘O’Connor & Company’ Co-Hosts. The morning drive “O’Connor & Company” program on Cumulus Media’s news/talk WMAL-FM, Washington, DC announces the program’s new co-hosts. Joining host Larry O’Connor are: Amber Athey, Washington editor at The Spectator, Julie Gunlock, director of the center for progress and innovation at Independent Women’s Forum, and Patrice Onwuka, political commentator and director of the Center for Economic Opportunity at the Independent Women’s Forum. The station says that the trio have been well received by WMAL listeners as guest hosts on the show in recent months. WMAL program director Bill Hess says, “We are excited to welcome these fresh voices to WMAL. Their varied life experiences, chemistry with Larry and with each other, and opinions on the issues of the day serve to create compelling content each weekday morning.” O’Connor adds, “Having a daily conversation with Julie, Amber and Patrice about what matters most to the people of our community is an absolute pleasure. From the halls of the Capitol to the vital debates at our local school boards, these intelligent and engaging women bring insights and humor that represent the best of Washington. It’s a genuine honor to team up with them every morning on WMAL.”

Livingston Named GSM for Cumulus Birmingham. Radio sales pro Todd Livingston is promoted to general sales manager for Cumulus Media’s Birmingham station group that includes the trio of sports talkers WJOX-FM “Jox 94.5,” WJQX-FM “Jox2 100.5,” and WJOX-AM “Jox3 690,” and news/talk duo WAPI-FM/WZRR-FM. Livingston is a 32-year media executive who joined Cumulus Birmingham in July 2021 as an account executive. Prior to that, he was local sales manager for Spectrum Reach in Tuscaloosa. Cumulus Birmingham VP and market manager James Robinson states, “We are excited to have Todd on our team as general sales manager. Todd has deep roots and broadcast experience in Alabama and his ability to create actionable ideas for our client partners make him a valuable asset to our team in Birmingham.”

Audacy Adds Two Sales Pros to Performance Sales Function. Media sales pros Shirin Peykar and Dan Wolman join Audacy – Peykar in the role of SVP of performance sales and Wolman in the VP of performance sales position. In her new role, Peykar will lead Audacy’s performance sales team and sell across its portfolio of products, leaning heavily into the company’s robust podcast library. Peykar will also strategize to drive the business forward and expand Audacy’s relationships with performance-driven marketers. She will report to Ken Lagana, EVP of digital sales. Wolman will work with performance clients and agencies to sell across Audacy’s portfolio of digital audio brands, with a focus on its podcast business. Both Peykar and Wolman join Audacy from Stitcher, where Peykar was SVP of direct response ad sales and Wolman was VP of performance sales. Lagana says, “Shirin’s rich experience leading multi-faceted ad sales operations for premier media and entertainment companies makes her a valuable addition to our performance sales business. We’re equally as excited about the addition of Dan to the team, which will collectively strive to drive revenue, market share and profit performance for our portfolio of assets.” Peykar says, “I’ve been watching Audacy’s progression in the podcast space over the past couple of years and their commitment to building a world class podcast portfolio has really impressed me. When you couple that dedication to the podcast space and audio in general, I couldn’t be more excited about bringing this portfolio to our performance clients and agencies!” Wolman comments, “Audacy is the industry leader in audio while remaining innovative, representing chart-topping content, generating loyal listeners, and serving as the home to influential talent. This is a performance sellers dream! I am excited to leverage my linear, OTT, and audio experience with this role and celebrate many wins with Audacy and our client partners.”

Deadline for 2022 Gracie Awards Submissions Extended to January 27. The Alliance for Women in Media Foundation announces that the final deadline to submit entries for the 47th annual Gracie Awards has been extended until January 27 – a seven-day extension from the original January 20 deadline. The Gracie Awards celebrate programming and individual achievement by, for and about women in television, radio/audio and digital media.  Submissions from all facets of media are encouraged. AWMF president Becky Brooks says, “We know the circumstances of the past two years led to delivering content to audiences in ways we never expected, which is why we are more committed than ever to honoring the remarkable work that has been created by, for and about women. As our biggest fundraiser of the year, the Gracie Awards enable the Alliance for Women in Media Foundation to deliver on its promise of furthering the connection, education and recognition of women in media even during times of uncertainty.” The Gracie Awards Gala is still currently scheduled for an in-person celebration May 24 at the famed Four Seasons Beverly Wilshire and Gracie Awards Luncheon for June 22 at Cipriani 42nd Street. AWMF extends gratitude to its ongoing donors and sponsors committed to furthering the mission of the organization including Crown Media Family Networks, CNN, and NCTA – The Internet and Television Association. The Gracie Awards are also honored to have the leadership of Heather Cohen, executive vice president, The Weiss Agency; Annie Howell, chief communications officer, Crown Media Family Networks; and Mike McVay, McVay Media Consulting as Gracies co-chairs and Vicangelo Bulluck serving as executive producer. You can find entry details here.

COVID-19, Midterm Elections/Trump & the GOP, Voting Rights, MLK Holiday, Inflation/Supply Chain, Synagogue Attack, and Tonga Eruption Among Top News/Talk Stories Yesterday (1/17). The high rate of COVID-19 cases, the Omicron variant, masks, and vaccine mandates; the potential loss of power for Democrats after the November midterm elections and Donald Trump’s hold over the GOP; the fate of the Voting Rights Act without support from Senators Joe Manchin and Kyrsten Sinema; Monday’s Martin Luther King Jr. holiday; high prices at the pump and at retail outlets combined with supply chain woes; the aftermath of the attack on the Texas synagogue; and the volcanic eruption near Tonga were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.