Industry News

Officially Rebranded PodcastOne Begins Trading on Nasdaq

PodcastOne, which began trading on Nasdaq under its new name at the open of the market on Tuesday (9/26), officially changes its name from Courtside Group, Inc to PodcastOne, Inc. Parent company LiveOne owns approximately 81% of the new company, which recently converted theim remaining unsecured convertible notes in the aggregate principal amount of $5.8 million at $3 per share. Following this transaction, the company is now debt free. The Courtside Group name was of the parent company founded by the late Norm Pattiz, who was known for sitting courtside at Los Angeles Lakers games from many years. PodcastOne’s president and co-founder Kit Gray comments, “The corporate name change to PodcastOne, Inc provides a true characterization of our company as one of the 10 largest podcast publishers in the U.S., ranked ahead of media giants Paramount, CNN and FOX.”

Industry News

PodcastOne to Ring Nasdaq Opening Bell on Friday

Tomorrow (9/8), the Nasdaq opening bell ceremony will feature LiveOne subsidiary PodcastOne as itim celebrates the completion of its direct listing on Nasdaq and spin-out as a separate public company. After the spin-out, LiveOne will own approximately 80% of PodcastOne (on a non-fully diluted basis) and continue to consolidate PodcastOne’s financial results. LiveOne says it expects PodcastOne shares at $8 per share minimum.

Industry News

TALKERS News Notes

SiriusXM and New England College announce that former Vice President Mike Pence will take part in a town hall event with P.O.T.U.S. channel hosts Julie Mason and Steve Scully. The special will take place before an audience at New England College outside Concord, New Hampshire on September 6, with the one-hour special premiering at 3:00 pm ET.

LiveOne announces that its subsidiary, PodcastOne, secures a long contract extension with co-founder and president, Kit Gray. LiveOne CEO and chairman Robert Ellin comments, “We are thrilled to continue our partnership with Kit Gray. His visionary leadership has been instrumental in building PodcastOne into the success it is today.”

FOX Sports Radio announced the addition of NFL pro tight end and two-time Pro Bowler Kyle Rudolph to its lineup as co-host of “FOX Football Sunday” with FSR weekend personality Mark Willard.

Mentoring and Inspiring Women in Radio, Inc and the National Association of Broadcasters Leadership Foundation announce that Lucretia Lee-Arceneaux is the first  2023 MIW NABLF Launch program recipient. Launch is a brand-new partnership between MIW and the NAB Leadership Foundation dedicated to supporting and guiding women in radio who are relatively new to the industry. The first of its kind, this program will target the development and curation of talent, this year focused on the engineering side of radio. Lee-Arceneaux serves as a broadcast IT engineer with iHeartMedia.

Industry News

PodcastOne Approved for Trading on Nasdaq

LiveOne – the parent organization of PodcastOne – announces that the subsidiary has been approved forim listing on Nasdaq. “PODC” has been reserved as the trading symbol for PodcastOne’s common stock. LiveOne senior management will host a live conference call and audio webcast to provide business developments and details of the planned spinout of PodcastOne at 1:30 pm ET tomorrow (8/17).

Industry News

TALKERS News Notes

Armstrong & GettyWBEN/Buffalo Adds the Armstrong & Getty Show.  The Armstrong & Getty Show has added yet another major market – WBEN, Buffalo. The Audacy-owned outlet is one of the most respected news/talk radio stations in the country having won numerous state, regional, and national awards for its news reporting.  It is also one of the country’s heritage stations, tracing its beginning to 1922.  WBEN operations director/Audacy news talk format VP Tim Wenger tells TALKERS, “We’re thrilled to have Armstrong & Getty as part of the evening lineup at WBEN. Their entertaining approach to current events and politics is a refreshing way to cap off the daylong programming on the station.” In a joint statement, Jack Armstrong and Joe Getty (pictured above left) say, “We’re excited to join the list of great radio voices that have been part of Buffalo and WBEN. Now, more than ever, it’s important that folks get a perspective from outside the mainstream media. We’re here to be that honest voice.” For more information about The Armstrong & Getty Show, contact Eric Weiss at The Weiss Agency: Eric@TheWeissAgency.com or Craig Whetstine at craig@armstrongandgetty.com.

PodcastOne Obtains Rights.  LiveOne subsidiary PodcastOne obtains exclusive network distribution/advertising sales rights to “Some More News” and its Cody Johnston & Katy Stoll-hosted spinoff podcast, “Even More News.” PodcastOne president Kit Gray notes, “With ‘Some More News’ and ‘Even More News,’ Cody and Katy host two intelligent, insightful and incredibly funny vodcasts. Their engaged audiences pair well with our existing programming. As we enter into a never-ending cycle of election year news, we’re looking forward to Cody’s and Katy’s comedic take on what promises to be an endless flood of attention-grabbing headlines. We couldn’t be more thrilled to work with this team to grow their shows and their advertiser audience.”

Portnoy Joins ABC News Radio.  Here just yesterday (TALKERS, Tuesday, 7/11), it was reported that, “Following an eight-and-a half-year run with CBS News Radio, White House correspondent Steven Portnoy is exiting CBS News ‘for a new opportunity.’ It didn’t take long to learn where he’s landing as ABC Audio vice president Liz Alesse today notes Portnoy is national correspondent for ABC News Radio. In a memo, she writes, “Steven has earned his reputation as an insightful, straightforward journalist with over two decades of reporting on politics and breaking news. His work has been recognized with numerous prestigious awards. As we embark on another pivotal presidential election season, ABC News Radio is committed to upholding those high ideals; Steven’s integrity and tenacity as a journalist will help us achieve that mission.” It is a homecoming for Portnoy who joined ABC News in 2002 as an intern for the White House unit of “World News Tonight with Peter Jennings.” In 2006, he was named Washington correspondent for ABC News Radio, providing coverage of the 2008 and 2012 presidential elections and the 2011 death of Osama bin Laden. Portnoy extensively reported on the recent prisoner swap that led to the release of WNBA star Brittney Griner from Russia.

WSJ: Audacy Initiating Debt Restructuring Discussions. Per a Wall Street Journal report, Audacy is about to initiate discussions with creditors regarding a restructuring of the company’s $1.9 billion of debt. Lawyers representing two different groups of creditors have reportedly signed nondisclosure agreements. The report states that one group of senior lenders has hired one law firm, while another group of second lien bondholders has employed another entity to represent them in confidential negotiations. Audacy executed a thirty-for-one reverse stock split at the end of June to initiate compliance with the New York Stock Exchange.

Alpha Portland Change.  Alpha Media Portland (Oregon) content director Keith Abrams exits as his position has been eliminated. The Alpha Media Portland cluster includes news/talk KXL “FM 101 News”; sports talk KXTG “750 The Game”; and news/talk KUFO “Freedom 970.”

Bannister Joins WONE.  Starting next Monday (7/17), Marty Bannister will begin hosting a daily 3:00 pm – 5:00 pm show on iHeartMedia Dayton sports talk WONE “Fox Sports 980.” Bannister does play-by-play of Ohio University men’s and women’s basketball for ESPN3 and high school sports for Spectrum. He previously worked in Columbus as an update anchor for sports talk WBNS-FM “97.1 The Fan.”

TN HOF Banquet To Honor Legacy Class. The Tennessee Radio Hall of Fame awards ceremony and banquet later this month (7/29) in Columbia, Tennessee is a sell-out. The “Legacy Class of 2023” includes: Phil Valentine (Nashville); Sam Phillips (Memphis); E.G. Blackman (Nashville); Johnny Eagle (Chattanooga); Art Gilliam (Memphis); Al “Adams” Johnson (Knoxville); Devon O’Day (Nashville) and Dick Ellis (Tri-Cities). Joining the Tennessee Radio Hall of Fame’s board of directors for a two-year term is Jeff Jarnigan from Cumulus Media Knoxville. In addition, Melissa McDonald returns to the board.   

Dr Daliah Wachs and Jimmy GaroppoloLas Vegas Abuzz Over Raiders and Jimmy Garoppolo.  Nationally syndicated, Las Vegas-based TALKERS Heavy Hundred host Dr. Daliah Wachs of the Genesis Communications Network met and received a jersey signed by the new Las Vegas Raider‘s quarterback Jimmy Garoppolo. The two are pictured (right) at an NFL “Salute To Service” event at Nellis Air Force Base.  Wachs tells TALKERS, “The region is hopeful that Garoppolo will add that winning spark to the team if only he stays healthy.”

Industry News

LiveOne Issues Update on PodcastOne Spin-Out

LiveOne provides an update on the planned spin-out of PodcastOne. The previously announced plan would make PodcastOne a separate, publicly traded company on the Nasdaq exchange. LiveOne states that after the spin-out, it would own 74% of PodcastOne’s outstanding shares. For LiveOne shareholders, they would receiveim .048 shares of PodcastOne in the special dividend for each LiveOne share they own. LiveOne also says that the spin-out would allow for repayment of $3 million of PodcastOne’s convertible debt. However, LiveOne also states that “PodcastOne’s planned direct listing, amount of the special dividend and LiveOne’s shareholders’ dividend eligibility shall be subject to obtaining approval from the applicable national exchange and compliance with applicable rules and regulations and trading and listing requirements. There can be no assurance that PodcastOne’s efforts will result in the consummation of the proposed direct listing and/or special dividend.”

Industry News

PodcastOne to Host Adam Carolla Pay-Per-View Event

PodcastOne is producing a live, pay-per-view event starring its leading podcast talent Adam Carolla. The June 4 show titled, “Adam Carolla & Friends,” airs at 9:30 pm ET from the Belly Up Tavern outside of San Diego and features Carolla plus comics Brad Williams, Kimbles Hume and other special guests. PodcastOneim says that in 2020, “Carolla made history when he partnered with LiveOne and PodcastOne for a livestream event that garnered an impressive 1.1 million views.”  PodcastOne president Kit Gray comments, “We are excited that PodcastOne and LiveOne have partnered with Adam to produce and distribute Adam’s very first headlining pay-per-view event. Very few comedians are as entertaining in an intimate club environment as Adam. Each show he performs is unique and tailored and to be able to bring this to a worldwide audience exemplifies how we’re able to create opportunities for our podcast hosts outside of the traditional audio driven mediums.”

Industry News

LiveOne Extends PodcastOne Spin-Out Date to April 20

LiveOne states that its previously announced plan to spin-out PodcastOne as a separate, publicly traded company is being extended to April 20. LiveOne also says that it anticipated that shares will open at between $8 and $12 per share. The good news for LiveOne shareholders is the company expects to increase the dividend of PodcastOne shares to between 12% and 16%. After completion of the successful spin-out – which the company notes is not guaranteed to happen – LiveOne will own approximately 86.3% of the PodcastOne common stock. LiveOne also reports that PodcastOne has repaid $1 million of its debt convertible at $3 and expects to repay an additional $1 million to $2 million. LiveOne intends for PodcastOne stock to be traded on the Nasdaq Capital Market under the ticker symbol PODC.

Industry News

LiveOne Regains Nasdaq Compliance

LiveOne – the parent company of PodcastOne – announces that it has received formal notice from the Listing Qualifications Department of the Nasdaq Stock Market that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The notice indicated that it is a result of the closing bid price of the company’s common stock having been at least $1.00 per share for a minimum required number of consecutive business days. Separately, today (4/7) is the date that LiveOne has set for spinning out PodcastOne as its own publicly traded company.

Industry News

PodcastOne Partners with VersusGame for Gamification

LiveOne subsidiary PodcastOne is partnering with VersusGame to offer its listeners “a fun and innovative way to engage with PodcastOne’s network of award-winning and top-ranked podcast hosts through gamification. Powered by VersusGame, PodcastOne has launched MiniGames on their platform, enabling their listeners to watch and answer prediction and opinion-based questions to win rewards.” The company says, “This endeavor marks an exciting introduction into gamification and monetization for PodcastOne, its host talent, and advertisers allowing them to create or sponsor relevant and topical content for fans that will reside on PodcastOne.com. MiniGames created by PodcastOne show hosts will also be distributed across the vast VersusGame MiniGames Network which includes over 900 verified hosts.” PodcastOne president Kit Gray says, “Our partnership with VersusGame is another way for us to capitalize on fan engagement. It’s a wonderful opportunity for us and for our hosts to engage with fans in an interactive way.  Offering users the chance to win financially, while also generating internal revenue is a win for everyone. Bringing gamification into the PodcastOne world brings our listeners into our shows in a whole new way. Now they get to engage directly with show hosts and participate in the conversation. It elevates the listener’s experience like never before.”

Industry News

LiveOne Reports Operating Results; Files to Spin-Out PodcastOne

LiveOne – parent company of audio services PodcastOne and Slacker – reports operating results for its third quarter of Fiscal 2023 and the first nine months of Fiscal 2023. At the same time, it announces that it is following through with its plan to spin-out PodcastOne into a separate company by filing an S-1 with the Securities Exchange Commission. For the company as a whole, LiveOne reports Q3 Fiscal 2023 revenue of $27.3 million – a decrease of 17% from the same period in Fiscal 2022. However, the company has reduced its net loss for the quarter from $11.8 million in Fiscal 2022 to $3.2 million. Its Audio Division that includes PodcastOne and Slacker produced record revenue of $22 million in Q3 Fiscal 2023 compared to $19.1 million in the same period in the prior year. LiveOne’s CEO and chairman Robert Ellin comments, “Over the past year, we have been laser focused on optimizing and streamlining our operations, led by our audio business, which includes Slacker Radio and PodcastOne. The combination of improving Contribution Margins, coupled with over $30 million in annual expense and overhead reduction, is resulting in record operating results. We are excited about the continued strong growth of paid memberships coming largely through B-to-B partnerships, including our nine-year relationship with Tesla. We expect our strong operating performance to continue for the foreseeable future led by our Audio Division and for it to collectively achieve revenue in excess of $88 million in Fiscal 2023 and generate more than $18 million in Adjusted EBITDA.”

Industry News

LiveOne Names Jim Berk to PodcastOne Board of Directors

LiveOne announces that Jim Berk is joining the board of directors for PodcastOne. The company says that Berk has over 25 years serving as chief executive, including his prior experience as CEO of PodcastOne, knowledge of the entertainment and media sector, and his expertise in strategic planning, operations, mergers, and acquisitions. Berk is currently chairman and CEO of Goodman Media Partners, investing in early-stage media and tech companies. PodcastOne co-founder Kit Gray comments, “Jim has an impressive track record of working with public companies and has extensive knowledge of our business. We are thrilled to bring his expertise back in the company and on our board during this crucial period of growth for PodcastOne as we are launching our IPO.”

Industry News

LiveOne Issues Preliminary Fiscal Q3 Data

LiveOne announces some preliminary financial figures ahead of the official posting of its fiscal year 2023 third quarter report. LiveOne says it has achieved all-time record growth of 160,000 paid members. For the third quarter of fiscal year 2023, the company expects revenue to be $27 million. It adds that the audio division that includes Slacker and PodcastOne will report revenue of $21.6 million for FY/2023 Q3 and for the first nine months of the fiscal year expects to report revenue of $63.5 million. LiveOne previously announced its intent to spin out PodcastOne as a separate, publicly traded company and plans to IPO Slacker this year.

Industry News

LiveOne Slashes $5 Million in Costs; Plans to Spin Out PodcastOne

Digital content platform LiveOne announces that “as part of its focus on generating cash from operations on a consolidated basis, (it) is implementing additional cost and expense reductions from both operations and corporate overhead, which is anticipated to increase the previously implemented annual cost savings to a total of over $30 million in its fiscal year ending March 31, 2023.  On December 29, 2022, the company revealed that Courtside Group, Inc. (dba PodcastOne) has filed an S-1 with the SEC for its planned spin-out and special dividend to LiveOne’s stockholders of record on January 16, 2023. The company says that PodcastOne is expected to record revenue of $25 million for the first nine months of fiscal 2023 ending December 31, 2022.

LiveOne adds, “PodcastOne’s proprietary internal Content Management System allows creators and producers to track metrics about shows on an episode-by-episode basis.  CMS is the platform where podcast episodes are uploaded, RSS feeds are created and distributed to listening platforms, and the listening data is analyzed and displayed in a dashboard for the creators/producers to see. This fully owned and operated enterprise CMS rivals other paid platforms such as Megaphone (Spotify-owned), Art19 (Amazon-owned) and SimpleCast (SiriusXM/Pandora-owned). The CMS’ day-to-day operation and maintenance is managed by a vendor we contract with and is constantly being updated to be a best-in-class system. LiveOne remains committed to spinning-out PodcastOne as a separate public company to be listed on a national exchange. In connection with such spin-out, LiveOne has moved the record date to Jan. 16, 2023 for PodcastOne’s special dividend to LiveOne’s stockholders of record. In addition, LiveOne intends to explore spinning-out SlackerOne as a separate public company during its 2024 fiscal year.”

Front Page News Industry News

Friday, November 11, 2022

NOW POSTED: This Weekend’s Installment (Series Finale) of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment and series finale of the one-hour weekend special, “The Michael Harrison Wrap,” that has looked back each week for the past three-and-a-half years at the hottest topics discussed in the American talk media per the research of TALKERS, is now posted. This new episode titled, “A House Divided,” reviews this past week of 11/7-11. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Dr. Murray Sabrin, professor emeritus of finance, Ramapo College, NJ; Harry Hurley, talk show host, WPG, Atlantic City, NJ; Victoria Jones, executive director, DC Radio Company; and Matthew B. HarrisonEsq., associate publisher, TALKERS/law professor, Springfield, MA. The show has been airing weekends (Friday evenings to Sunday nights) on 100-plus 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 milestone episode, please click here. To view the latest TALKERS topic research, please click here.

LiveOne Reports Revenue for 2023 Fiscal Q2 Up 7.3%. Reporting its financial data for the second quarter of Fiscal 2023, LiveOne says consolidated revenue was $23.5 million – an increase of 7.3% over the same period in 2022 Fiscal Q2. LiveOne is the parent company of PodcastOne and the filing reveals that PodcastOne “posted record 1H Fiscal 2023 revenue of $17.2 million as U.S. unique monthly audience surpassed 6.7 million in September 2022.” LiveOne is planning to spin out PodcastOne as a separate, publicly traded company and expects to file an S-1 with the SEC by December 15. Returning to the company’s consolidated financial data, LiveOne posted a net loss of $3.4 million, a dramatic reduction from the net loss of $15.2 million it reported for second quarter of Fiscal 2022. LiveOne CEO and chairman Robert Ellin comments, “The momentum in LiveOne’s audio business, which includes Slacker Radio and PodcastOne, continues to experience growth of paid members through partnerships, including Tesla, as well as an increase in advertising and sponsorships. We expect our audio business to collectively achieve revenue in excess of $80 million in Fiscal 2023 and generate more than $16 million in Adjusted EBITDA. Over the past year, we have successfully reduced costs and overhead by an expected $25 million on an annual basis while focusing on the operating performance of our audio division. A significant part of our strategy is a decision to forgo any live tentpole and pay-per-view events until Fiscal 2024, which has resulted in a lowering of expected Fiscal 2023 revenue to between $100 million and $110 million. These measures will allow us to utilize our capital and resources to strengthen our balance sheet, buyback stock and focus on the growth of our profitable businesses.”

Christian Arcand Returns to WEEI, Boston to Produce PM Drive Show. Sports talk radio pro Christian Arcand – who was a casualty of the recent cuts at Beasley Media Group and served as an air personality at WBZ-FM, Boston “98.5 The Sports Hub” – joins Audacy’s WEEI-FM, Boston as producer of the “Merloni, Fauria & Mego” show and as host of the Saturday 1:00 pm to 4:00 pm program. Arcand originally served with WEEI first as co-host on the “Planet Mikey” show with Mike Adams and then hosted the “WEEI Late Night” program before joining WBZ-FM five years ago. Audacy Boston SVP and market manager Mike Thomas says, “Christian is a talented guy and a great team player. A lot of people in the building, including myself, have had the pleasure of working with him in the past. What he will bring to ‘Merloni, Fauria and Mego’ on and off the air will really help propel the show and the station forward.”

Clay Travis and Buck Sexton Host Election Event. Pictured above at Tuesday night’s midterm election night event in Nashville are Premiere Networks-syndicated personalities Clay Travis (right) and Buck Sexton (left) – hosts of “The Clay Travis & Buck Sexton Show” with U.S. Senator Marsha Blackburn (R-TN). Travis and Sexton hosted the event for key advertisers, political guests and others. Among the special guests who attended the private event to watch the election results were: Premiere Networks-syndicated personality Jesse Kelly, Sen. Bill Hagerty, Tennessee Attorney General Jonathan Skrmetti, FOX News commentator and Outkick The Coverage host Tomi Lahren, country music star John Rich, former NFL quarterback Jay Cutler, among others.

Hillsdale College Produces Election Night Coverage. In the photo above, student broadcasters at Hillsdale College’s radio station WRFH-LPFM, Hillsdale, Michigan “Radio Free Hillsdale 101.7 FM” present their live election night coverage on the station with a remote broadcast. The school says that more than 20 staffers were involved in some way during the evening, as they welcomed panels of fellow students, Hillsdale professors, candidates, reporters, and pundits to the airwaves. The event was open to the campus community and more than 200 people turned out to watch and listen.

KDWN, Las Vegas Hosts Election Night Special. In the Las Vegas market, KDWN talk host Steve Sanchez (right) presented election night coverage on the station that included contributions from GCN nationally syndicated talk host Dr. Daliah Wachs (center) and “Finding Common Ground” host Patrick Casale (left).

New York Festivals Welcomes Diego Cannizzaro to Radio Awards Advisory Board. The New York Festivals announces that DMC Studio owner Diego Cannizzaro is joining the NYF Radio Awards Advisory Board. New York Festivals Radio Awards vice president Rose Anderson says, “The 14-member Advisory Board panel is an international brain trust of innovative storytellers and industry executives whose expertise spans all genres of audio entertainment and journalism. Diego’s mastery of every aspect of his craft in works like ‘Madre’ and ‘Weightless’ brings emotions, memories, and sensations to his listening audiences. These insights and the Board’s essential guidance ensure that New York Festivals will continue to honor world-wide excellence across all platforms.” Cannizzaro’s DMC Studio is located in Buenos Aires and specializes in radio arts, sound stories, commercials, field recording, sound design and mixing. He is an industry pro known for award-winning work. He creates audiovisual productions for radio, TV, social networks, and movies. He comments, “I consider New York Festivals as an iconic common place, in a global level speaking. A meeting point for all who are really involved in storytelling in the media. Personally, it is an honor to be part of the Advisory Board with outstanding colleagues from all the media worldwide.”

NOT TOO LATE! Comrex Offers Talk Broadcasters Free Trial of Gagl Remote Contribution Service for Post-Election Programming. High-quality, remote contribution is a vital part of any live broadcast – and that’s especially true during election season. Comrex has provided talk radio hosts, reporters and sportscasters with great remote broadcasting tools for decades. Their Comrex ACCESS units have become a ubiquitous presence at political conventions, breaking news stories and anywhere broadcast-worthy things are happening. While Tuesday’s elections are in the rear-view mirror, post-election contribution to your station’s coverage of local and national races is still going strong and will for the foreseeable future. Those contributors need to be able to connect from remote locations at the drop of a hat. Often, reporters and contributors will call in from their remote locations on a mobile phone, which is a simple solution, but results in poor audio quality. Other reporters will have access to a remote audio codec, which provides excellent audio quality, but also requires some management from the engineering team. Gagl, the new remote contribution solution from Comrex, is the best of both worlds. According to the folks at Comrex, reporters and contributors can connect to the Gagl interface from a web browser on a smartphone or laptop, meaning it’s as easy as a phone call to get connected. Up to five reporters can be in a Gagl session at the same time. The Gagl session is connected to a Comrex IP audio codec in the studio, and so on-air hosts are able to talk with field reporters. Each reporter has their own mix-minus, and their audio is studio quality with very low delay, so quality isn’t sacrificed for simplicity. Gagl is a subscription-based service and it’s a first for Comrex. “It’s kind of a pivot for us,” Comrex director of sales, Chris Crump tells TALKERS. “Broadcasters are looking for easier, faster and less expensive ways to do their job. But quality and reliability are just as important,” says Crump. “Gagl uses a web browser on a smartphone or computer. It’s as easy as clicking a link to connect. But it connects to a Comrex IP Audio Codec back in the studio for reliability and greater stability. It sounds great and is designed to be dependable as Comrex customers would expect.” Anyone with an ACCESS or BRIC-Link codec can try Gagl free for two weeks by contacting Chris Crump at Comrex Corporation: chris@comrex.com. Office phone: 978-784-1776. Mobil phone. 404-610-5954. comrex.com

Politics and Midterm Elections Top News/Talk Story for Week of November 7 – 11, 2022. The politics surrounding the 2022 midterm elections and the races that will determine control of Congress for the next two years combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was former President Donald Trump’s position as a Republican kingmaker and his expected announcement he’ll run for president in 2024, followed by inflation and fears of a recession at #3. The Takers 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.

 

 

KWAM, Memphis Seeks News/Talk Morning Host. Memphis news/talk outlet KWAM-AM “The Mighty 990” is looking for the next great talk show host in America. We have an immediate opening for a morning show host. Our host must have at least three years experience and must be well-versed on national, Tennessee and Memphis news. Send resumes and audio clips to todd@starnesmediagroup.com.

Front Page News Industry News

Monday, July 18, 2022

Pending Business: SiriusXM’s Chutzpah. Radio sales pro Steve Lapa says AM/FM radio needs a stronger response to attacks like the broadside leveled at it by SiriusXM last week in its “Why waste your time with AM/FM radio? campaign. “Timing is everything and as much as it hurts, the “Why waste your time?” ad was well played. AM/FM radio can’t afford to ignore a broadside attack. Playing the local, free and emergency cards is a solid first step. Every AM/FM radio listener and advertiser can use a reminder. Just like a utility, we take it for granted until it’s not there when you need it.” He offers three concepts for development that support radio’s value. Read it here.

Monday Memo: Dine with Seinfeld’s Parents. Consultant Holland Cooke continues his month-long series “Inflation Hacks, money-saving tactics for your listeners (and yourself).” In this week’s column, HC offers “escape from Ramen, and your dentist!” Read it here.

‘The Big Picture’ Panel Video from TALKERS 2020 Posted. Today (7/18), the video of the panel discussion titled, “The Big Picture,” from the recent TALKERS 2022 convention at Hofstra University is posted. The panel was moderated by TALKERS magazine publisher Michael Harrison (who was introduced by Dottie Herman, vice-chair, Douglas Elliman Real Estate and host of “Eye on Real Estate” heard on WNYM, New York “AM 970 The Answer”) Panelists included: Vince Benedetto, CEO, Bold Gold Media Group; Lee Habeeb, host/producer, “Our American Stories”; Kraig Kitchin, CEO, Sound Mind, LLC; Josh Leng, CEO, Talk Media Network; and Chris Oliviero, president/market manager, Audacy New York. See the video here.

Salem Rises to Prominence in Conservative Media. In a profile piece published in TALKERS magazine today (7/18), executive editor Kevin Casey chronicles some of the history of Salem Media Group and highlights the company’s steadily growing prominence in the conservative media universe. At the very heart of Salem Media Group is its philosophy and mission. Co-founder and executive chairman of the board Ed Atsinger says, “Salem’s leadership enthusiastically embraces the concept of American exceptionalism – that America is unique in human history as a place where no matter your social status, your ethnicity, your religion, or your country of origin the American dream is available for the taking. Today there are ideologies conspiring to tear us apart by promoting identity politics under such euphemisms as ‘critical race theory.’ Salem is committed to do all that we can to counteract the forces that would tear us apart, and we have created a company uniquely positioned to achieve that goal. Fortunately, there are enough Americans committed to religious faith and conservative values to help us achieve that goal.” Company SVP of spoken word format Phil Boyce states, “When I joined Salem’s team in early 2012, I had no idea the company was positioned to explode onto the conservative landscape like it did. My 14 year’s experience programming WABC in New York – the most-listened-to news/talk station in the nation – had prepared me well for the explosive times we were about to enter at Salem. We’ve been in a culture war for years in this country, and Salem is able to use its assets to further the cause, doing good, while informing and entertaining our audience.” Read the entire story here.

LiveOne to Spin Off PodcastOne into Separate Company. On Friday (7/15), LiveOne revealed its intention to spin off wholly owned subsidiary PodcastOne, as a separate public company to be listed on a national exchange and its plan to dividend a portion of PodcastOne’s common equity to LiveOne’s more than 15,000 stockholders as of a future record date. LiveOne says it hopes to complete the spin-off be year’s end. Related to the anticipated spin-off, PodcastOne closed a private placement financing of convertible notes and warrants totaling approximately $8.1 million prior to offering expenses, including $3 million invested by LiveOne, whereby the terms of the financing value PodcastOne at a pre-money valuation of $60 million. LiveOne CEO Robert Ellin states, “The goal of both our management team and board of directors is to maximize stockholder value. PodcastOne has been a tremendous addition to LiveOne since our acquisition in 2020, and we feel strongly that the market value of our stock dramatically undervalues the sum of our parts, which includes our PodcastOne subsidiary. Upon the successful completion of the spin out, we believe PodcastOne will be the only major pure play podcast company trading on a national exchange.” PodcastOne president, Kit Gray comments, “The podcasting business has exploded over the past five years and PodcastOne is one of the largest independent podcast companies in the world. The company is one of only two independent podcasting publishers in the top 10 of Podtrac’s list of Top Publishers. We believe that by trading as a separate public company, PodcastOne will have the opportunity to access the public capital markets as well as be better positioned to both acquire podcast platforms and attract significant podcast talent.”

Round Four of June PPMs Released. The fourth and final round of ratings data from Nielsen Audio’s June 2022 PPM survey has been released for 12 markets including Austin, Raleigh, Indianapolis, Milwaukee, Nashville, Providence, Norfolk, Jacksonville, West Palm Beach, Greensboro, Memphis, and Hartford. Nielsen’s June 2022 sweep covered May 26 – June 22. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Raleigh, iHeartMedia’s news/talk WTKK-FM adds eight-tenths to finish the survey with an 8.0 share (weekly, 6+ AQH share) that lifts it to the #3 rank, while Curtis Media Group’s crosstown news/talk WPTF is up two-tenths for a 1.7 share good for the #17 rank. Good Karma Brands’ news/talk WTMJ, Milwaukee solidifies its #1 finish after adding 1.1 shares for an 11.4 share finish, while iHeartMedia’s crosstown news/talk WISN sheds six-tenths for a 9.0 and falls back to the #3 rank. Cumulus Media’s news/talk WWTN-FM, Nashville adds a full share for a 6.9 share finish but remains in the #4 rank. Cox Media Group’s news/talk WOKV-FM, Jacksonville remains ranked #2 after dipping four-tenths for a 9.2 share finish. See Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as the first three rounds) here.

Up on the Roof.  Posing for promo shots on the roof of the Imperial Square Building (that housed the radio station) in Hempstead, Long Island during the Winter of 70-71 is the original airstaff of the legendary progressive rock station WLIR. Pictured (l-r): Richard Neer, Pete Larkin, Don K. Reed and Michael Harrison. All went on to colorful and groundbreaking careers in the media. Reed, who would serve for many years at WCBS-FM, New York, died over the weekend. His cause of death was not reported but it is believed he had been battling heart issues. You can see the memorial tribute video created by Art Vuolo here.

KXEL, Cedar Rapids Celebrates 80th Anniversary. Pictured above is Iowa Governor Kim Reynolds signing the document declaring Thursday, July 14 “KXEL Radio 80th Anniversary Day” in the state. Standing next to her looking on is KXEL host and program director Jeff Stein. The NRG Media news/talk station was the first station in the U.S. to sign on with the maximum 50,000-watts on a clear channel signal. It first took to the air at 5:30 am on July 14, 1942, from studios in downtown Waterloo, Iowa. It was founded by Joe DuMond, a Waterloo native who came to national prominence portraying “Josh Higgins of Finchville” on NBC Radio in the 1930s and 1940s.

Biden in Middle East, Midterms/2024 Presidential Race, The Economy, Uvalde Report, January 6 Hearings, Russia-Ukraine War, COVID-19, European Heatwave/Wildfires Among Top News/Talk Stories Over the Weekend. President Joe Biden’s trip to the Middle East and his meeting with Saudi Arabia’s Mohammed bin Salman Al Saud; the November midterm elections and speculation about the nominees for president in 2024; the high inflation rate, unstable stock market, and fears of a recession; the release of the Uvalde School Shooting report; the ongoing January 6 hearings; Russia’s ongoing invasion of Ukraine and its impact on the global economy; the climbing rate of subvariant BA.5 COVID cases in the U.S.; the intense heatwave gripping Europe and the Mediterranean wildfires were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.