Front Page News Industry News

Thursday, March 10, 2022

Townsquare Media Reports 2021 Q4 Net Revenue Up 1.9%; Full Year Net Revenue Rises 12.6%. The 2021 fourth quarter and 2021 full year financial report from Townsquare Media reveals Q4 net revenue of $110.6 million, an increase of 1.9% over the same period in 2020. For the full year of 2021, net revenue was $418 million, up 12.6 % over the full year of 2020. Townsquare Media reports its financial information in three primary segments: 1) Subscription Digital Marketing Solutions, which includes the company’s subscription digital marketing solutions business called Townsquare Interactive. 2) Digital Advertising includes the digital advertising business sold as Townsquare Ignite, and 3) Broadcast Advertising includes the company’s local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast, as well as other miscellaneous revenue that is associated with the broadcast advertising platform. Company CEO Bill Wilson says, “Beginning with our 2021 year-end reporting, we have re-segmented our business to provide greater visibility for our existing and prospective investors. Importantly, this re-segmentation will highlight the profit characteristics of our digital platform, which is essentially equal to those of our broadcast platform, each with profit margins of approximately 30%. Given this new and more detailed information, Townsquare should be viewed and valued as a Digital First Local Media Company, rather than being painted with a traditional broadcast radio brush. While we view local radio as an extremely valuable asset with significant and attractive cash flow properties, unparalleled consumer reach, and an important and trusted local connection to our audience, it is not our primary growth driver. Our growth engine is and will continue to be digital, which fueled our transformation into a Digital First Local Media Company. With nearly half of our total revenue and profit coming from digital today, we have a strong growth engine that will drive significant and consistent growth in the coming years. It is our hope and expectation that given this new more detailed information, Townsquare will be afforded a sum-of-the-parts valuation that gives credit to our digital assets, credit which to date we have not received.” For the full year of 2021, Townsquare reports net income of $18.8 million, compared to a net loss of $80.6 million reported for the full year 2020, which the company says was primarily driven by approximately $109.1 million of non-cash impairment charges, primarily related to its FCC licenses.

 

Saga Communications Q4 Net Revenue Flat; 2021 Full-Year Net Revenue Up 13.1%. The company reports 2021 fourth quarter net revenue of $29.2 million, basically flat compared to the $28.8 million reported for the fourth quarter of 2020. Net income for Q4 of 2021 was $3.7 million compared to $2.3 million reported for the same period in 2020. For the full year of 2021, Saga Communications reports net revenue increased 13.1% to $108.3 million compared to $95.8 million for the full year of 2020. The company reports net revenue for 2021 of $11.2 million compared to the net loss of $1.9 million reported for the full year of 2020. Saga says its balance sheet reflects $54.8 million in cash on hand as of December 31, 2021 and $56.2 million as of March 7, 2022.

 

KOA, Denver Morning Personality April Zesbaugh Announces Retirement. “Colorado’s Morning News” co-host April Zesbaugh announces that she’s retiring from iHeartMedia’s news/talk KOA, Denver in the coming months after a 30-year broadcast journalism career that includes 25 years with KOA. Zesbaugh has co-hosted “Colorado’s Morning News” since 1996 and is one of the longest running news personalities in Colorado. She comments, “Despite my 2:30 am wake-up call for the last 30 years, I feel very fortunate for every second in front of the KOA microphone. It’s time to hang-up my headphones to pursue more family time, play more tennis, travel in our RV and see what it feels like to sleep without an alarm clock.” Zesbaugh is the winner of one national and numerous regional Edward R. Murrow Awards for journalism excellence by the Radio Television Digital News Association, as well as countless awards for “Colorado’s Morning News” from the Colorado Broadcasters Association and the Associated Press. She has also been an influential member of the Denver community and has emceed numerous charity events, including those focused on mental health, Alzheimer’s disease, the challenges of single mothers and animal rescue. KOA program director Greg Foster says, “April is one of the most recognizable and popular voices in Colorado and has set a professional standard which has contributed to the success of KOA. While we will miss our friend and colleague, April has earned the opportunity to enjoy her retirement.” Zesbaugh adds, “I’m grateful to Jerry Bell, former news director of KOA, for hiring me – calling me during my honeymoon to offer me the job – and to the current news director, Kathy Walker, and the KOA news team who have been with me every step of the way in helping to make me a better broadcaster and journalist. I’m leaving our listeners in good hands with my co-host, Marty Lenz. He has great news chops and asks really smart questions.”

 

Chris Hansen is This Week’s Guest on Harrison Podcast. Multi-platform reporter and predator-hunter Chris Hansen is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” For nearly four decades, Hansen has been on the front lines of crime, enterprise reporting, and breaking news all over the world. Most recently he was an executive producer and reporter for the “Onision: In Real Life” and “Unseamly…The Peter Nygard Investigation” series now on Discovery+ and the current top-rated podcast “Predators I Have Caught with Chris Hansen.” He has also been host and correspondent for the syndicated program “Crime Watch Daily” as well as “Killer Instinct on ID” and “Dateline NBC.” He created the groundbreaking investigations, “To Catch A Predator,” among others. These investigations are responsible for exposing some 400 men attempting to meet children online for sex. Hansen has been honored with 10 Emmys, five Edward R. Murrow awards as well as excellence in reporting by the Overseas Press Club. He also has a substantial digital presence including a YouTube channel, which has more than 375,000 subscribers and 25 million views. The deep-dive conversation between Harrison and Hansen covers two major areas – the rapid evolution of media (including the tenets of building a YouTube channel) to the scourge of crime on our city streets as well as the mean streets of cyberspace where sexual predators continue to prowl for children and young women. To listen to the podcast in its entirety, please click here.

 

 

SRN’s Eric Metaxas Broadcasts from National Religious Broadcasters Conference. Pictured above (at right) is Salem Radio Network host Eric Metaxas broadcasting his program live from the National Religious Broadcasters conference from the Gaylord Opryland Hotel in Nashville. Pictured with Metaxas are U.S. Congressman Allen West (left) and Rick Green, founder of Patriot Academy (center). NRB 2022 continues through this weekend.

 

PodcastOne Joins Top 10 Podcast Publishers. According to data from podcast metric company Podtrac, PodcastOne is ranked #8 on the list of Top Podcast Publishers. Podtrac ranks top publishers based on unique audience counts. PodcastOne president Kit Gray says, “Being recognized by Podtrac with inclusion on the Top Publishers list is a testament to the hard work of the PodcastOne team both behind the mic and behind the scenes. Our hosts are delivering top-notch entertainment and providing content that is resonating with listeners as is evidenced by the growth in audience numbers across the board.” PodcastOne says its growth “comes on the heels of the successes and strengths of tentpole podcasts ‘Baby Mamas No Drama’, ‘Off The Vine with Kaitlyn Bristowe,’ ‘The Jordan Harbinger Show’, ‘LADYGANG’ and ‘The Adam Carolla Show,’ as well as acquisitions of top-performing programs such as ‘Coffee Convos,’ ‘True Crime All the Time Unsolved,’ and ‘This Is MONSTERS,’ which all saw significant audience growth since joining PodcastOne.”

 

JVC Broadcasting: ‘Radio is Working and Radio Works!’ Long Island-based JVC Broadcasting is sending a message to the industry – and beyond – that its recent hiring spree shows that the radio market is a good place for job seekers. JVC says that this January, it began a massive recruitment campaign using its local radio stations and social media platforms and the response was overwhelming. JVC announces that is has hired or internally promoted 16 media and entertainment professionals companywide. JVC president and CEO John Caracciolo states, “The current radio market is great for employment. There was a lot of trepidation for media companies in 2020 and 2021. People wanted to see how things would work out and if the radio business would bounce back, and it did stronger than ever. The most important and most rewarding investment an entrepreneur can make isn’t a new client or a cool piece of equipment, it’s your team of employees. I have built this business by surrounding myself with fantastic people who are visionaries and leaders. If all your employees become entrepreneurially minded or leaders in their own right, your organization will grow even faster. And the coolest thing about this entire recruitment campaign is we did all the outreach using only our local radio station assets! So yes, radio is working and radio works!”

 

Russia-Ukraine War, House Omnibus Bill, Gas Prices/Inflation, Biden Cryptocurrency Order, COVID-19, Midterms/Trump & the GOP, and MLB Season Among Top News/Talk Stories Yesterday (3/9). Russia’s ongoing invasion of the Ukraine and the West’s reaction; the U.S. House passes an omnibus bill that would include $14 billion in Ukraine aid; the soaring price of gas at the pump and high consumer retail prices; President Joe Biden signs executive order to investigate risks and opportunities of cryptocurrency; the falling rate of COVID-19 cases and the rolling back of mask mandates; the battle for control of Congress in the November midterms and Donald Trump’s influence over the GOP; and the failing negotiations between MLB owners and players were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Monday, February 7, 2022

Monday Memo: But Wait, There’s More! “Are you making these six common on-air mistakes?” consultant Holland Cooke asks in this week’s follow-up to last week’s column. HC calls these “simple techniques that make your show more inviting, user-friendly, and memorable.” Read more here.

 

Pending Business: “F” is for Frequency. Radio sales pro Steve Lapa says, “The more social media I consume, the more I see the same ads over and over. Many advertisers do not bother changing creative. Others just update slightly. But the repetition is there, every day, non-stop.” He says local direct sellers must continue to show how a radio campaign can deliver targeted reach AND frequency more effectively than any other medium. Radio advertising is adaptable in ways other advertising is not. “With the right amount of repetition and updated copy with a solid call to action” radio is more effective than any other medium. Read his column here.

iHeartMedia Names Bloomdaddy Afternoon Host on WTAM, Cleveland. Three months after the passing of Cleveland talk radio icon Mike Trivisonno, iHeartMedia announces that David Blomquist, a.k.a. Bloomdaddy, is the new afternoon drive talk host on heritage news/talk outlet “Newsradio WTAM 1100, The Big One.” Bloomdaddy has been the morning show host at the company’s WWVA, West Virginia, for the past 17 years. The program was syndicated regionally to stations in Pittsburgh, Youngstown, Akron, and Parkersburg, West Virginia.  Bloomdaddy will now call WTAM 1100 his home. iHeartMedia says the newly created Cleveland-centric, issues-based afternoon show will feature broadcasting veteran Carmen Angelo, news reports from Julie Holiday, and regularly scheduled traffic reports from Olivia Muzica. iHeartMedia Cleveland president Keith Hotchkiss says, “We’re thrilled to introduce Bloomdaddy to WTAM and the city of Cleveland. His passion for sports, his quest for information, and his commonsense approach to talk radio is the perfect combination for afternoon drive on the legendary WTAM.” Bloomdaddy comments, “I’m thrilled to launch this new show on a station that means so much to Cleveland. From the minute I turned the mic on at WTAM, it’s felt like home.  I look forward to having impactful conversations with my new radio family and learning even more about this incredible city.”

Bryan Suits Named Morning Host at KTTH, Seattle. Military veteran and talk radio personality Bryan Suits is back on the radio as morning host at Bonneville’s news/talk KTTH-AM, Seattle. Suits was an evening host on sister talk outlet KIRO-FM from 1999 through 2002. He’s also hosted at iHeartMedia’s KOGO, San Diego and KFI, Los Angeles. He hosts a podcast and is a frequent guest on FOX Business. Suits says, “When we moved back to Western Washington, the last thing on my mind was radio. After filling in on KTTH mornings, I realized that I was born to do this. This is where I started and found my voice. Someone has to reflect what the sensible people are thinking and thankfully KTTH is doing that. I’m humbled and grateful to be part of the team that tells the truth every day.” Bonneville SVP and market manager Cathy Cangiano says, “KTTH is the region’s leading conservative talk station because of our passionate, local hosts. Bryan Suits makes us even stronger. As we head into the midterm elections, KTTH is poised to make some waves.”

Erin Vermeulen Promoted to Evening News Anchor on WWJ, Detroit. Radio news pro Erin Vermeulen is being promoted to evening news anchor at Audacy’s all-news WWJ, Detroit “NewsRadio 950.” She’d been serving the station as writer and editor for the station. WWJ notes that her career has taken her to the Cairo, Dubai, Oman and South Africa before returning to the United States and working at KFI, Los Angeles as a member of “The Bill Handel Morning Show” in 2015. Vermeulen says, “I am really excited to get back to my radio roots as a news presenter at one of the most iconic stations in the country. I am also very grateful to work with such talented and extraordinary people at WWJ. It is great to be back on the airwaves in my hometown, where I started my career more than 20 years ago.” Audacy Detroit SVP and market manager Debbie Kenyon comments, “Erin is well connected to the community and has a number of great ideas to keep listeners informed about the top stories and events happening across metro Detroit, the state and the country. We are excited to promote Erin to anchor and look forward to hearing her voice on WWJ.”

WGY, Albany to Celebrate 100th Anniversary with Special Broadcast and Podcast. Albany AM WGY will celebrate its 100th anniversary on air on February 20 with a number of special presentations, including a live celebration at 1:00 pm that day. On January 31, iHeartMedia began presenting the podcast series, “Wireless: 100 Years of WGY.” The program is hosted by WGY news anchor Mike Patrick and features intimate and candid interviews with many familiar WGY voices, with new episodes released weekly. On February 20, many past and present hosts, news anchors and members of New York’s Capital Region will take part in the special live event. A retelling of radio’s first radio drama, “The Wolf,” will also be presented live from the Kenmore Ballroom in Albany where WGY has a history of broadcasting from going back to 1923. The event at the Kenmore begins at 3:00 pm with a lecture from Chris Hunter from the Museum of Innovation and Science. WGY program director Jeff Wolf says, “It’s an honor and huge responsibility to lead an institution of innovation and community service such as WGY into its next 100 years. We’re looking forward to highlighting our first 100 years and commemorating important events in history throughout 2022.” iHeartMedia Albany SVP of programming John Cooper adds, “As a longtime Capital Region resident, WGY has had an impact on my life since the early 60s. Starting as a listener, it has been an honor and privilege to have been able to work directly with some of the great news/talk programmers and personalities over my last 22 years. 100 years of service to this community is an amazing milestone. WGY is the go-to station when you need to know.”

‘The Next Great Podcast’ Winner Named. The winner of the second annual “The Next Great Podcast” contest from iHeartMedia and Dan Patrick, in partnership with Tongal, is, “Hookergate: Criminals & Libertines in the South,” from Dr. Lindsay Byron. Byron is a former English professor, Southern historian and longtime stripper turned full-time artist, storyteller and community leader. “Hookergate: Criminals & Libertines in the South” takes listeners back in time to 1977 when a high-profile prostitution ring involving 11 businesses in three states was the most-talked-about headline of the day. The podcast combs through the dusty archives of the Danville Register & Bee, which were carefully clipped and preserved by Lindsay’s aunt’s mama, who held a familial connection to this web of crime. The program shares unforgettable colorful quotes from local reporters and unbelievable but true dramatic scenes pulled straight from the police reports. It’s all brought to life by Byron and presented alongside present-day interviews with individuals from the older Southern generation, who remember the madness as it unfolded in real time.

TALKERS News Notes. Clinical psychologist Dr. Ellen Kenner celebrated her 25th anniversary show with her February 5 episode of “The Rational Basis of Happiness.” Dr. Kenner tells TALKERS she enjoys the unique connection that only radio provides and is looking forward to her 26th year on air of her syndicated show. “The Rational Basis of Happiness” is distributed via Talk Media Network…..Sports talk personality Kevin Dunn leaves Genuine Austin Radio’s “The Horn” (KTXX-FM/KTAE-AM/W270CO) in Austin for a full-time position outside the radio business and Mike Hardge joins the station to co-host afternoons with incumbent host Rod Babers.

COVID-19, Ukraine Tensions, January 6 Investigation, Electoral Count Act, Spotify-Joe Rogan Controversy, Midterms/Trump & the GOP, and Beijing Olympics Among Top News/Talk Stories Over the Weekend. The rate of COVID-19 cases in the U.S. and abroad and the Canadian truckers’ protests paralyzing Ottawa; the investigation into the January 6 attack on the Capitol and former Vice President Mike Pence’s deviation from Donald Trump’s stance on the day’s events; the re-writing of the Electoral Count Act led by Senators Joe Manchin and Lisa Murkowski; the diplomatic tensions over Russia’s military build-up; Spotify supports Joe Rogan but deletes numerous episodes of his podcast after racially tinged comments contained within them resurface; the battle for control of Congress in November’s midterm elections and Donald Trump’s influence over the GOP; and the politics and COVID issues surrounding the Beijing Winter Olympics were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.