Thursday, November 3, 2022
Urban One Net Revenue Up 8.9% in Q3 of 2022. The company issues its third quarter 2022 financial data and reports net revenue of approximately $121.4 million, an increase of 8.9% from the same period in 2021. Urban One reports net income of approximately $4.2 million compared to the net income of $13.9 million it reported in
the third quarter of 2021. The company says broadcast and digital operating income was approximately $50.8 million, an increase of 3.5% over the same period in 2021. Urban One CEO and president Alfred C. Liggins, III says, “Q3 was another very solid quarter, during which we grew both revenues and Adjusted EBITDA. 
Following a soft July for radio advertising, August and September rebounded and we finished the quarter +1.4% on a same station basis, and -1.3% excluding political. Same station radio pacings for Q4 excluding digital are currently +16.0% including political and +0.1% excluding political. Layering in the recent Indianapolis acquisition should push radio revenues to a double-digit percentage increase for Q4. Political spending has steadily gathered momentum, and we anticipate net political advertising revenues to be between $12-$13 million, of which radio is $9-$10 million, which is significantly ahead of both our budget and the 2018 cycle. Our cable TV business had another successful broadcast upfront season, and we were able to increase both our CPM’s and total dollars committed. Our Digital segment posted growth of approximately 40% in both revenue and Adjusted EBITDA as demand for our audience and digital products remained strong. Our liquidity and leverage profile remained robust, and we continued to opportunistically repurchase our 7.375% bonds in the open market.”
Saga Communications’ Third Quarter 2022 Net Revenue Rises 3.9%. Third quarter 2022 financial results for Saga Communications, Inc. reveal net revenue of $30 million – and increase of 3.9% over the same period in 2021. Station operating expense increased 2.8% for the quarter to $22.3 million compared to the same period last year. For Q3 of this year, station operating income increased 4.1% to $8.9 million, and
operating income was $1.1 million compared to $4.6 million for the same quarter last year. Free cash flow was $1.6 million for the quarter compared to $4.0 million for the same period last year. Saga reports a net loss of $104,000 for the quarter compared to net income of $3.5 million for the third quarter last year. The company says, “Despite strong underlying performance the results were impacted by one-time payments related to the passing of our founder Ed Christian. As a result, the company is required to make several payments to his estate as outlined in his employment agreement. These expenses were accrued as of September 30, 2022 increasing the reported corporate general and administrative expense line item by $3.8 million for both the quarter and nine-month period ended September 30, 2022. Without these expenses operating income would have increased 5.8% to $4.9 million, free cash flow would have increased 36.5% to $5.4 million and net income would have increased 7.9% to $3.7 million.” Saga’s balance sheet reflects $58.3 million in cash and short-term investments as of September 30, 2022 and $45.3 million as of October 31, 2022.
Round Three of October PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s October 2022 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 October 2022 sweep covered September 15 – October 12. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM drops 1.1 shares to finish with a 7.3 share (6+, weekly AQH share) but remains ranked #4 in the market, while iHeartMedia’s crosstown news/talk KEX adds four-tenths to wrap the survey with a 3.9 share that lifts it to the #9 rank. iHeartMedia’s news/talk WOAI, San Antonio stays ranked #10 after dipping three-tenths for a 3.6 share, while Alpha Media’s crosstown news/talk KTSA sheds one-tenth for a 3.3 share finish and falls to the #12 rank in the market. In Salt Lake City, iHeartMedia’s news/talk KNRS-AM/FM puts up seven-tenths for a 12.3 share that cements its #1 rank as Bonneville’s crosstown news/talk KSL-AM/FM adds six-tenths for a 7.3 share finish that puts it in the #2 slot. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as the first two rounds) here.
Andrew Colton to Host Mornings on WIOD, Miami. Taking over for longtime South Florida broadcasting legend Jimmy Cefalo on January 9, 2023 as host of the morning program on iHeartMedia’s WIOD “NewsRadio 610 AM” is Andrew Colton. He comes to iHeartMedia from his most recent work as CEO of Colton Legal Media Worldwide.
He’s also been an award-winning national correspondent for ABC News, CBS Newspath, and hosted the nationally syndicated “Wall Street Journal This Morning” program. Cefalo will continue to provide commentary on WIOD as well as his role as play-by-play announcer for the Miami Dolphins. “South Florida First News with Andrew Colton” will include veteran news anchor Nathalie Rodriguez, William Althoff with more news and sports, Doug Lindsay with traffic and the Weather Channel’s Ray Stagich. Vice president of news and AM programming Florida Region and iHeartMedia NTS brand coordinator Grace Blazer says, “Jimmy and Andrew both share a passion for news, information, commonsense, and our South Florida lifestyle. We are excited and fortunate to have Andrew Colton continue WIOD’s spoken-word tradition and digital expansion.”
Philadelphia Sports Radio Broadcasters Honored with Hall of Fame Inductions. Two Audacy Philadelphia sports radio personalities are being recognized for their contributions to the Philadelphia sports media landscape. Longtime WIP radio host Howard Eskin is being inducted into the Philadelphia Sports Hall of Fame on November
3. Eskin says, “It’s an honor to be selected and to be in such great company – really overwhelming. They say do what you love and you’ll never work a day in your life. As hard as I work, I have to admit, it is a labor of love.” Al 
Morganti, co-host of WIP’s morning show, is being honored by the Hockey Hall of Fame and will receive the Elmer Ferguson Memorial Award for excellence in hockey journalism. Morganti comments, “It’s the honor of a lifetime to be inducted in the Hockey Hall of Fame, and a huge part of any success I have had is because of the fans of Philadelphia. Having been on WIP for so many years and working at the Philadelphia Inquirer, I can attest that the emotional investment Philadelphia fans make to their teams makes everyone raise their game. Thank you!”
TALKERS News Notes. Legendary college basketball coach Mike Krzyzewski and SiriusXM ink a multi-year agreement for Krzyzewski to continue hosting his exclusive weekly SiriusXM show, “Basketball and Beyond with Coach K.” Krzyzewski has been
hosting the show since 2005 and today (11/3) the first episode of the show’s 18th season drops. Krzyzewski says, “This will be the first fall in nearly 50 years that I’m not on the sidelines, and I’m so pleased to extend my long relationship with SiriusXM and continue hosting ‘Basketball and Beyond.’ Having the creative freedom to do a really unique show has been incredibly important and rewarding to me. I can be a 
part of the national conversation on basketball, while also exploring interesting topics with a variety of guests who make an impact far beyond the basketball court.”…..Red Apple Audio Networks announces it is signing 17 stations to its affiliate roster, including 11 Saga Communications stations. The newly added stations are carrying shows hosted by Larry Kudlow, Rudy Giuliani, and Judge Jeanine Pirro, as well as Frank Morano, host of “The Other Side of Midnight.”…..Compass Media
Networks partners with Wisebuddah and its sister company imager – European providers of sonic branding, radio imaging and jingles. The London-based companies currently curate the sound of BBC Radio 1, BBC Radio 2, Bauer Media and Virgin Radio alongside dozens of radio stations (iHeartMedia, Alpha Media Group) in the United States.
Midterms/Trump in 2024, The Economy/Fed Rate Hike, Elon Musk’s Twitter, Russia-Ukraine War, and Pelosi Attack Aftermath Among Top News/Talk Stories Yesterday (11/2). The campaigning ahead of the November 8 midterm elections and expectations that former President Donald Trump will announce his 2024 presidential campaign shortly thereafter; the state of the U.S. economy and the Fed’s decision to hike interest rates again; the spate of celebs claiming they are leaving Twitter as a result of Elon Musk’s taking ownership of the social media platform; Russia’s war on Ukraine and its relationship with Iran, North Korea and China; and the conspiracy theories surrounding the attack on Paul Pelosi were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
This Massachusetts “Marathon” Is Forced To Run Elsewhere. In what TALKERS publisher Michael Harrison describes as “one of the most knuckle-headed public relations mis-steps” he’s ever witnessed in a local situation, the Springfield, MA-based Naismith Memorial Basketball Hall of Fame has kicked up a dust-storm of bad will for itself. (Note: TALKERS headquarters are also based in Springfield, MA.) For over two decades, a charitable Thanksgiving initiative known as the Mayflower Marathon has held its November charity event to raise money for the Open Pantry at the famed hoops museum in the Western Massachusetts city where basketball was invented. A consistent partner and main engine for the event over the years has been Saga
Communications’ WAQY “Rock 102 – Springfield’s Classic Rock,” which does its own “marathon” by broadcasting from the venue for 52 consecutive hours. The long-running goodwill synergy though seems to have hit a speedbump. Citing “capacity issues,” the Basketball Hall of Fame says the event will no longer be held at its location. Declaring he’s in “shock” by the HOF’s decision, “Rock 102” morning talk show co-host and local radio legend Mike Baxendale (“Bax”) points out that – for 28 years- the station has helped the Mayflower Marathon raise several million dollars for the Open Pantry. Mirroring Baxendale’s astonished sentiment is Open Pantry executive director Terry Maxey who elaborates, “We are the largest food pantry in Western Massachusetts.” Not having the Mayflower Marathon in Springfield, he laments “would be truly disappointing.” Replying in a prepared statement to Western Mass News, Basketball Hall of Fame president/chief executive officer John Doleva notes, “The Hall of Fame has been pleased to offer this space at no charge for over 20 years for the Mayflower Marathon. As a ‘landlord,’ the Hall of Fame’s first obligation is to make certain that [the needs of our tenants], including adequate and convenient parking, are met. The growth in our tenant base and the very positive organic growth of existing tenants has made this change necessary.” Things further escalated in the last several days when Springfield Mayor Domenic Sarno sent a letter to the Basketball HOF, asking Doleva to reconsider. Part of Sarno’s letter reads, “This event has been held for over 25 years and has caused no prior disruptions and/or complaints from your establishments.” It’s Doleva’s contention that the choice to pull the plug on housing the event was actually made nine months ago. To show support for the event as it establishes a new home, Doleva responded on behalf of Hall of Fame board chair Jerry Colangelo and Colebrook Realty’s Jack Dill by writing that the HOF is “happy to commit a gift of $5,000 to the Marathon. Our property management group, Colebrook, has committed an additional $2,500 for a total of $7,500 to the event.” Meanwhile, Baxendale maintains to Western Mass News that the Mayflower Marathon “is going to happen one way or another. We are looking at alternative sites [and] have a lot of suggestions. [Unfortunately], this shows that there’s a disconnect between the Hall of Fame and the community.”
GCN Vindicated in Sandy Hook Case. A defendant in Alex Jones’ Connecticut defamation case – Ted Anderson-owned Genesis Communications Network – was vindicated when the plaintiffs unilaterally withdrew all legal claims against GCN. The action was taken one month prior to jury selection and effectuated without settlement, release, or other consideration by GCN. According to Anderson, “This means we can continue to serve the hundreds of radio programs as we have over the years, programs from a wide array of political viewpoints. Including us in the suit was an attack on talk radio as an institution. It was totally unjustified. My heart breaks for those families – but yes – I feel this was the right result.” GCN attorney Mario Cerame states, “We are, of course, pleased with the recognition that GCN was not a proper defendant. Genesis does not monitor the content of the radio shows it works with. These are the sound engineers, ensuring professional sound quality, balance, and the like. They make space in the recording for commercials. They do not factcheck the words any more than your phone company does, or the people who sell you a keyboard check to see what you type. They just deliver the sound, like a radio version of the United States postal worker. We had to vigorously litigate the case up to the eve of jury selection but, the plaintiffs ultimately acknowledged this and walked away on their own, without a dime from GCN. We were caught in a battle between two Goliaths [but] after a lot of hard work, we managed to come out unscathed.”
Ippolito In As iHeartMedia San Diego Market President. Concurrent with iHeartMedia San Diego market president Melissa Forrest transitioning to a consultant role on August 1, senior vice president of sales Noreen Ippolito becomes her successor. Ippolito will report to division president Tom McConnell who comments, “Noreen is an incredible talent with an outstanding track record. She has strong business acumen and understands how to build and cultivate high performing teams. She is the perfect choice to lead our San Diego and Riverside markets.” In addition to San Diego news/talk outlets KOGO “News Radio 600” and KGB-AM “AM 760”; sports talk KLSD “Fox 1360”; and Riverside Black Information Network news outlet KFOO “BIN 1440”, Ippolito will oversee San Diego classic rock KGB-FM; rock KIOZ; CHR KHTS; hot AC KMYI; and rhythmic CHR KSSX.
Steele To Receive MIW’s Annual Airblazer Award. Five-year cancer survivor/Audacy New York classic hits-oldies WCBS-FM morning drive co-host Patty Steele is the recipient of the eighth annual Mentoring and Inspiring Women’s Airblazer award. Steele will be honored during next month’s (8/18) Morning Show Boot Camp in Chicago. MIW board president Ruth Presslaff comments, “It’s such a privilege to be the conduit for this very special award recognizing top on-air talent.
Congratulations to Patty Steele, a wonderful talent and an even better human.” As is tradition, the “Airblazer” is carefully selected by the prior year’s honoree. The recipient is recognized for her dedication/contributions to the broadcast industry and to the communities she serves. Syndicated “DeDe in the Morning” host/2021 MIW “Airblazer” DeDe McGuire remarks, “It is my honor to select Patty Steele as the next recipient of the MIW Airblazer award. Patty has worked on some of the most successful radio shows alongside some of the biggest names in our industry. Her voice, humor, and insights were key to the successes of these shows on some of the country’s most legendary stations. So many of us in the industry admire her ability to always be the best and work through difficult times, both personally and professionally. She always comes out on top.” Steele adds, “I can’t tell you how proud and delighted I am to be chosen as this year’s recipient of the Airblazer award. My passion for radio and for the young women coming up in this business make this a truly special honor. Being chosen by DeDe is icing on the cake – she’s a survivor and [thrives] in our ever-changing business.” At WCBS-FM, Steele is reunited with Scott Shannon. She has also worked with Elvis Duran, Danny Bonaduce, and John Lander at a number of other well-known New York City stations, including news/talk WOR, news WCBS-AM, WHTZ, and WPLJ. In April, Steele was one of thirteen podcasters to receive a 2022 Gracie award for her “Deep Six” series. The two-part episode featured Steele’s interview with her 26-year-old son, Jake, about his heroin addiction and his journey to recovery. Three other Audacy-owned stations aired the show. Mentoring and Inspiring Women in Radio (MIW) is a 501(c)(3) charitable organization dedicated to the advancement of female leadership in radio broadcasting. In addition to DeDe McGuire, previous “Airblazers” include: Angela Yee (2020); Kellie Rasberry (2019); Mercedes Martinez (2018); Roula Christie (2017); Angie Martinez (2016); and class of 2022 Radio Hall of Fame inductee Ellen K (2015).
iHM Portland Boosts Burgess To Market President. The promotion of iHeartMedia Portland senior vice president of sales Marshal Burgess to market president for the company’s eight-station Oregon cluster is effective immediately. He will report to iHM Multiplatform Group division president/Black Information Network president Tony Coles, who states, “It has been incredible to witness Marshal’s growth and success over the years. Few leaders [have] the kind of experience, integrity, and vision that Marshal brings to the table. We look forward to Marshal building upon our history of success in Portland.” University of Oregon alum Burgess notes, “I’ve spent my entire life in Portland and grew up listening to [several stations in this iHM cluster]. The support and positive energy I’ve received from Tony Coles and the entire team here in Portland have been unbelievable. I’m very excited for the future and am truly humbled by the opportunity.” Burgess began his career at CBS Radio in 1996. He joined iHeartMedia the following year and has been with the company (then known as Clear Channel) ever since. In that time, he has progressed from being an account executive; local sales manager; general sales manager; and vice president of sales. In addition to news/talk KEX “News Radio 1190” and sports talk KPOJ “Rip City Sports Radio 620,” iHeartMedia Portland consists of adult contemporary KKCW; classic hits-oldies KLTH; classic rock KFBW; CHR KKRZ; alternative KKRZ-HD2; and rhythmic CHR KXJM.
Cannabis Advertising Legislation Introduced. The Secure and Fair Enforcement (SAFE) Advertising Act, would clarify that local radio and television broadcasters can air cannabis ads without the threat of FCC administrative action in states where pot is legal. SAFE was introduced by Senator Ben Ray Luján (Democrat-New Mexico) and follows the
House passage of FY 2023 Financial Services and General Government appropriations bill. Language in that bill would prevent the FCC from taking administrative action against broadcasters that accept cannabis commercials. In a prepared statement, NAB president/chief executive officer Curtis LeGeyt notes, “Due to outdated government regulations, only local radio and television broadcasters face legal exposure for advertising cannabis products permitted under state law. The SAFE Advertising Act would finally level the playing field and create necessary regulatory certainty for broadcasters. We thank Senator Luján for his leadership on this issue and we will continue working with policymakers to ensure there is a permanent resolution to this competitive disparity.” New Mexico Broadcasters Association president/chief executive officer Paula Maes comments, “The members of the NMBA appreciate the efforts of Senator Luján and his staff. Their work on this bill which would allow cannabis advertising to air on New Mexico broadcasting is in step with state law and [is] long overdue. The Senator’s legislation helps remedy this unfair situation by recognizing the importance of state law in addressing cannabis issues.” New York State Broadcasters Association president/Safe Advertising Coalition member David Donovan adds, “We applaud Senator Luján’s efforts to allow local radio and television broadcasters to accept cannabis advertisements consistent with the law of the state in which they are licensed. We look forward to working with the Senator’s office to move this important legislation forward.”
Horowitz Headed To Raiders P-B-P Booth. The search to find a successor for the iconic Brent Musberger as radio play-by-play announcer for the NFL’s Las Vegas Raiders concludes: Jason Horowitz is the choice.
Horowitz, who will be this year’s game-caller with returning analyst Lincoln Kennedy, reflects that, “As a kid, I used to pretend I was the voice for a team calling an epic interception, or the game-winning touchdown. I want to thank [Raiders controlling owner/managing general partner] Mark Davis and the Raiders organization for making that dream become a reality. I am humbled to join an historic franchise, following in the footsteps of the legends who have called games of the ‘silver and black’ to the sport’s greatest fanbase.” Horowitz most recently has been Westwood One’s NCAA football and basketball studio host and CBS Sports Network’s announcer of Army football games. Musberger signed a contract four years ago (July 2018), making him the radio voice of the Oakland Raiders and the inaugural season (2020) when the franchise relocated to Las Vegas. He continued those duties through the 2021 season. Compass Media Networks syndicates Raiders games which air on Las Vegas sports talk flagship, Lotus Communications-owned KRLV “Raider Nation Radio 920 AM.”
BIN Listeners Offered Free Career Coaching. A “100,000 Careers” service from CareerBuilder will provide Black Information Network (BIN) listeners with a gratis 45-minute session. BIN and CareerBuilder have joined forces to launch the platform created to connect 100,000 BIN listeners looking to advance their careers. As part of the initiative, jobseekers have access to personalized career guidance through a
complimentary coaching session. BIN listeners will have the opportunity to meet with an expert within their industry and receive individually tailored advice and actionable feedback to help promote their career growth. According to iHeartMedia Multiplatform group division president Tony Coles, “The Black Information Network and CareerBuilder are committed to giving jobseekers the tools and resources they need to stand out from the crowd. These sessions help match jobseekers and experts to help [them] prepare for [their] interview. We are excited to offer this service to get one step closer to helping 100,000 listeners find the career of their dreams.” CareerBuilder chief marketing officer Kristin Kelley comments, “We are thrilled to offer this hyper-customized experience in hopes that the community will receive practical feedback relevant to their industry to help them either find a job filled with purpose, or grow into their current role. Careers start with mentors and support, which is why expert coaching is one of the many ways that the 100,000 Careers initiative can transform the way job seekers find a role.” Through the use of AI technology and responses from an initial questionnaire, jobseekers will be matched with more than 5,000 available coaches. During the one-on-one session, jobseekers can ask questions, identify strengths, and work to define a career path that fits their needs. Participants will receive an individualized report that includes actionable advice and a video recording following the online session.
Newsmax Signs Multiple International Programming Distribution Deals. Through one of the agreements, Zee Entertainment’s Zee5 will carry Newsmax’s news feed 24/7, as well as VOD content. Zee will also post content from Newsmax.com in its news section. Zee5’s initial distribution of Newsmax content will be in India, with eventual expansion to the Middle East and North Africa. Earlier this month, Newsmax signed a distribution pact with Canal+-owned European satellite, cable, and OTT provider M7 and is now available in The Netherlands, Belgium, Czech Republic, Austria, Slovakia, Romania, and Hungary. Rounding out Newsmax’s recent global expansion efforts is its July 19 deal in Australia with Foxtel-owned streaming platform Flash News. Newsmax chief executive officer Chris Ruddy states, “The demand for high-quality journalism is growing worldwide as citizens everywhere look for real news to help understand a complex world. We are delighted to be working with Zee, M7, and Foxtel to deliver our content to the world’s largest democracies and we are looking forward to continuing to expand our global reach.” M7 group vice president/platform content services Bill Wijdeveld remarks, “We are welcoming Newsmax on board of our TV platforms, allowing the channel to launch into multiple European markets in ‘one go.’ We thank Newsmax for its trust in our service provisioning and look forward to a fruitful cooperation over the coming years.”
