Tag: news/talk radio

Industry News

Audacy Q2 Net Revenue Rises 1%

By TALKERS | by TALKERS

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”

Industry Views

Monday Memo: Calculating Taylor Swift

By TALKERS | by TALKERS

By Holland Cooke
Consultant

imNow that every single thing is a political argument, the angry social media conversation about Taylor Swift is unsurprising. And with the Super Bowl looming, the decibel level amps-up.

So, kudos to SiriusXM and CNN host Michael Smerconish. I’ve previously cited him here as technique worth emulating when it comes to:

– Polling the audience on an ongoing basis (a sponsored feature on smart radio stations)
– Leveraging social media to give audience ownership of the show; and
– Genuine curiosity. His centrist approach earns him scorn from both sides in this Cold Civil War we’re living through. I can relate. When I managed WTOP, Washington, the quickest way to make the phone explode was to announce a crowd estimate for an abortion rally. Both sides jammed the lines to damn the number.

This preposterous Swift kerfuffle had been all heat until Smerconish shed light on it this past weekend. Noting rumors shared by FOX News that she would photobomb the Super Bowl with a Joe Biden endorsement, his poll question was “Could Taylor Swift determine the outcome of the presidential election?”

im

Just now, you answered that question in your own mind. But – for our purposes – the more useful approach is to consider information Smerconish curated unfiltered by personal politics:

– Swift has 279 million Instagram followers
– She has (so far) sold 4.35 million pricey tickets for The Eras Tour. Its “record-shattering revenue” (so far) is $1 billion+
– $200 million (so far) in tour merchandise. Her gray $45 T-shirt is now sold-out in all but 3XL and 4XL.
– 26 billion+ Spotify streams in 2023.
– SSRS polling: 59% of USA adults identify as Swift fans, 63% of women; and her fans are evenly divided 50/50 between Democrat or Dem-leaning and Republican or GOP-leaning.
– On her urging, several hundred thousand Americans younger than 25 have registered to vote.

Add it all up? “Taylor knows your social media interactions, where you saw her on tour, how much merch’ you’ve bought from her website, she knows the size of your T-shirt, the number of downloads you’ve made. We’re embarking on an election cycle which will be (a) the most expensive in history, and (b) will see much of the money spent on ‘micro-targeting,’ the use of online data to tailor – pun intended – advertising messages to individuals based on the identification of recipients’ personal vulnerabilities and interests. In order to target effectively, data is essential. And Taylor’s got lots and lots of it, and on a demographic that is exactly what the Biden team needs the most: disproportionally female, young, and passionate. With truly the touch of a button Taylor Swift is uniquely situated to use the data at her disposal to impact the presidential race.”

Leave it to your nerdy consultant to ask: Are WE using OUR listener data to OUR benefit?

Bigger-picture issues:

– Privacy: We have all volunteered LOTS of information about ourselves. Look what pops up in your email and your social media.
– Vulnerability of the Electoral vote process: The last two Republican presidents took office after losing the popular vote. Taylor Swift is my coastal Rhode Island neighbor, and if she votes here, neither of us matter. Our state has four electoral votes. Just 40 thousand-some popular votes in three key states gave Biden his 2020 win.
– Tone: The measurable appeal of Swift’s sunny disposition vs. “I am your retribution.”

Good for us. News/talk radio is in the suspense business. “What JUST happened??? What happens NEXT???” So, we should wish Nikki Haley well.

Inquisitive Smerconish sounds like dispassionate Mr. Spock: “What [Swift detractors on the right] should be worried about is her data.”

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn.

Features

How News/Talk Radio Should Adapt to Attract and Retain a Younger Audience

By TALKERS | by TALKERS

By Bill Bartholomew
Talk Host/Podcaster/Journalist/Musician

imFolks in the Gen Z and millennial demographics are heavily engaged in political issues, care about news in their communities and the world, and are constantly bombarded with content.  So why are they less likely to tune into and interact with news/talk radio than older demographics?

Talk radio has historically skewed older, and from an ad portfolio standpoint, is often targeted at the coveted 35-54 and 55+ demographics.  However, in a world where social media influencers and podcasters supply information to millions of young consumers, news/talk radio should be able to effectively compete for the ears of younger generations in a comparable, if not expanded way.

For all of the anecdotal and hard evidence that terrestrial radio may be trending in a downward direction, the format continues to have a vast reach.  It is convenient to engage with it in automobiles, and occasionally in home or office settings.  Yet, while younger generations listen to radio, news/talk is not the format that they turn to by and large.

Unlike many digital-first content producers, radio retains a unique quality: authority.  By virtue of editorial standards, FCC regulation and brand – things that social media and podcasts often lack – radio has the unique ability to deliver credible, vetted, nuanced and universally trustworthy content that can instantaneously adapt to meet the needs of the moment.  This is true in everything from natural disasters to rapidly evolving breaking news stories, providing a channel for immediate, reactionary insight and analysis.

There are several steps that news/talk radio should pursue in earnest to adapt to the current climate of content consumption, particularly by younger listeners, that can reach, and most importantly, retain broader, younger, more diverse and more engaged audiences.

  1. Introduce younger people into the conversation.

Too often, Gen Z and millennials are skewered by older hosts, mocked for their perceived naivety, unchecked optimism and me-first approach.  While some of these qualities can be accurate, that approach reflects a disconnect between older generations and the experience of younger ones.  Millennials and Gen Z have grown up in a post-9/11 world replete with “endless wars”, the fallout from the 2008 financial crisis, runaway student debt, a massive housing crisis, the mental health stressors of social media, Covid19’s impact on traditional youth experiences, climate change, a deeply bifurcated political environment and a constantly evolving quest for social justice.  Through these experiences, younger generations offer an important perspective that should be assigned the same news value as experts from older generations.

Are you discussing shifts towards electric vehicles?  Bring on someone from Gen Z to share their perspective on why steps towards carbon neutrality are important to them.  Engaging a conversation on the president’s approval rating?  Perhaps younger conservative and leftist voices should be included in the conversation.  Discussing immigration?  How about the perspective of a younger member of a Latino organization?

By giving younger generations and more diverse guests a platform, stations can simultaneously expand their content and reach.  With consistency, the station’s brand will become more familiar to younger potential listeners who may be inclined to tune in to hear someone who shares their identity and perspective on – here’s that word again – a platform of authority.  Let the guest do the work of establishing the credibility and importance of your station or talk show to younger audiences by posting about their appearance on social media, sharing audio clips and mentioning to their peers.  It will build familiarity and trust among those generations, who in turn, will begin to tune in on a more regular basis.

Stations should also consider bringing more younger, competent voices into on-air roles, whether that be through reporting, segments, fill-in hosts, weekend shows or full-time hosts.

  1. Meet the audience where they are: their phones. 

As mentioned above, the convenience of simply turning on AM/FM radio is highly appealing in automobiles, though as Apple Carplay continues to adapt and evolve, digital-first content is likely to become as simple and convenient in the near future.

Talk radio needs to make consuming their product on smartphones as simple and direct as turning on a traditional radio.  This means no clunky websites, no lengthy pre-roll spots, a reliable stream connection and a “one touch” means of turning on and off the station.  This should also mean expanding talk shows to high-quality video livestreams, following in the footsteps of the top YouTube and Twitch performers; developing unique content for TikTok and Instagram; building podcasts that are focused on specific issues, and; providing interaction via text and chat.

Radio has the ability to be the ultimate livestreamer, social media influencer and podcaster, but rarely harnesses these platforms in a meaningful way.

It is not enough to simply strive to “expand a digital presence”; stations and shows must engage in the hard work of building platform-specific content with their brands.

  1. Music, cultural references and themes for the modern age.

A few weeks ago on a seemingly benign episode of the TV show FOX NFL Sunday, panelists Jimmy Johnson and Terry Bradshaw offered an example of the type of cultural adaptation that sophisticated writers and producers provide their brands.  While describing a fight between two football players, Mr. Johnson said something to the effect of “when it comes to these two, what’s that Taylor Swift song?”, and then in synch with Mr. Bradshaw, “bad blood!”.  It is highly unlikely that these two 70+ men listen to Taylor Swift’s music with any regularity or would simultaneously pull the “Bad Blood” reference.  Yet, with excellent preparation that played into the greater cultural moment as well as the specific, current Taylor Swift/NFL overlap, in a six-second span, FOX NFL Sunday was able to give the illusion that their panelists are contemporary, hip and plugged into “what is going on”.  Is your station or show plugged into what’s going on?  Do you use contemporary music for bumps?  Are your images – including headshots and social content – modern, interesting and engaging or are they more akin to a miscellaneous real estate agent?  You are a performer in an entertainment business that, while certainly paying homage to the past and lineage of the industry, must be contemporary in aural and visual presentation.  This goes for everything from wardrobe on video and in photo to fonts on graphic design.

How often do you or your producer read Pitchfork to learn about new music that is breaking this week?  How often do you or your producer read Variety to understand major trends that are happening in the broader entertainment industry?  What live events are you broadcasting from, covering and building partnerships with?  You should strive to be cutting edge.

  1. We need a friend now more than ever.

This is something that goes for all audiences, but particularly for younger ones.  It’s OK, in fact, great to be yourself, present yourself from your generation and retain the authoritative stance that has built your brand.  Take a look at the success that sports talker Mike Francesa enjoyed by leaning into his persona – and in turn – developing legions of younger listeners that fell in love with his dad-like delivery and frequent meltdowns.

Few things are as uncomfortable to see as a 40+ person dressing or acting like a teenager.  Younger listeners want that senior, experienced, trusted friend to entertain them, inform them, and at times, tell them that everything is going to be OK.  You can help make sense of the world for younger audiences, something that is absolutely essential in the modern era.

Through attracting younger listeners by including them in the conversation, effectively delivering content on smartphones, presenting a cutting-edge entertainment product and continuing to serve as a trusted friend, news/talk radio can greatly expand its reach, relevance and revenue.

To that point, some younger listeners who discover a radio station or show via any of the above entry points will likely work backwards to the traditional AM/FM dial.  Like the resurgence of vinyl records, AM radio in particular has the opportunity to become a hip delivery format for discerning younger listeners.

The big question is: are radio companies, stations and hosts prepared to do the hard work of reimaging their product?

 

Bill Bartholomew is a talk radio and podcast host/producer, journalist and musician based in Providence, Rhode Island. Email him at: william.f.bartholomew@gmail.com. 
Industry Views

Pending Business: Shorter and Faster is Better

By TALKERS | by TALKERS

By Steve Lapa
Lapcom Communications Corp
President

Looks like Major League Baseball is about to show the radio business how to score the winning run. Major League Baseball decided it was time to reverse the aging fan base, declining gameday gates, and shorten three-plus-hours of in-game boredom.

Despite the downhome storytellers doing play-by-play on radio and innovations of TV coverage, the game was getting tedious, and it was time for Major League Baseball to change or slowly but surely face the fate of the dinosaur.

Sound familiar? Yes, there are some baseball innovations that entertained people like the infamous mascots of yesteryear, but MLB is about the hallowed Hall of Fame heritage of pinstripes, red socks, and Dodger blue. Change means risk and in baseball swinging for the fences is a 1 in 18 shot.

Getting a little too close for comfort? Fans and sponsors needed a new spark to ignite baseball fever, so MLB responded with a pitch clock to speed up the game and bigger bases to bring back one of the most exciting plays in sports. Guess what? Games are being played faster, gameday attendance is up 8%, TV viewership is up 14% and according to the Insider, social media views are up 67% as under-35 demographics are up 14%. Let us start connecting the dots to our business.

— News/talk radio relies on a 55+ audience. Nothing wrong with the “money demo.” But talk radio needs to look ahead to what happens AFTER the election cycle.

— Most daily talk shows are three hours long. So were most MLB games… until this year. Shorter became better as attendance and viewership shot up. Wake up radio programmers, hosts, managers! Do we have the courage and budget to program and sell shorter, faster moving programs? Radio is so stuck in an outdated model; the low growth is about to make another appearance in bankruptcy court.

— Fans got excited and social media exploded. Last time I checked, Savannah, Georgia was Nielsen radio market #145. No news/talk radio station in the top 100 U.S. radio markets has as many Facebook followers as the Savannah Bananas baseball team.

— Fans and sponsors needed a new spark. What has your radio station offered lately that is new, exciting and lights the fuse for sponsors and listeners?

Recently, a 21-year-old baseball star stole two bases then decided to steal home and the fans went crazy. Through the years we have seen the play. But every time it happens the fans in the stands are on their feet, cheering, high fiving, and re-living every detail of the excitement. Baseball is back, bigger and better than ever. All of us can learn from today’s changes in America’s Pastime.

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.

Industry News

TALKERS 2023: Video of “Programming News/Talk Radio in the Digital Era – Part 2” Posted

By TALKERS | by TALKERS

During the coming days, videos of all of TALKERS 2023’s numerous sessions conducted June 2 at Hofstra University will be posted, continuing today with the panel discussion “Programmingim News/Talk Radio in the Digital Era – Part 2.” The session, sponsored by “Our American Stories,” is introduced by Alex Fife, VP operations, Southeast, iHeartMedia – Total Traffic & Weather Network (pictured at right) and moderated by Walter Sabo, CEO, Sabo Media and host (Walter Sterling) of Sterling on Sunday (pictured above). Panelists (pictured below from left to right) include Dan Mandis, program director and host, WTN-FM, Nashville; Ross Kaminsky, host KOA, Denver; Phil Boyce, SVP, spoken word format, Salem Media Group/ops VP, New York region/WMCA/AM 970; Josh Leng, CEO, Talk Media Network; and Matt Meany, program director, WABC, New York/Red Apple Media.  See the video of this session here. 

im

Industry News

TALKERS 2023 Nearing Early Sellout

By TALKERS | by TALKERS

With slightly less than a month to go, TALKERS 2023, the 26th annual installment of the talk media industry’s longest running and most important national gathering, is nearing an early advance sellout. The one-day, power-packed conference will take place on Friday, June 2 at Hofstra University on Long Island. It is presented by TALKERS magazine in association with Hofstra’s nationally acclaimed radio station, WRHU-FM/WRHU.org. According to TALKERS VP/executive editor Kevin Casey, “There is particularly strong interest in the event this year – perhaps because of the huge influence talk media – especially news/talk radio, cable news/talk TV, sports/talk radio and podcasting – are exacting on the national conversation. At the same time, all of these platforms are facing major existential issues ranging from challenges generating revenue, navigating controversy, and competing against technologically induced cultural sea-changes.” Casey adds, “The magnificent setting of Hofstra really works well for this conference. The state of the art theater is wonderfully spacious – which means a lot during what will hopefully be the tail end of COVID; the broadcasting facilities for those attendees who’ll be doing their shows live from the site are second-to-none; the breakfast, lunch and closing reception events take place outdoors under an open tent in a delightful and health-minded setting; the agenda features more than 60 outstanding speakers and directly addresses the key questions facing the industry. Knowledge and connections are power. TALKERS 2023 will provide the latest information and it is a fantastic networking opportunity.” Conference director Michael Harrison says, “This industry conference is steeped in history, tradition and dynamic purpose. Careers and lives change at the TALKERS conference!” Register now to avoid being shut out. See more about the agenda, registration, sponsorship and hotel information here.

Industry News

TALKERS 2023 Features 2 Power-Packed News/Talk Programming Panels

By TALKERS | by TALKERS

TALKERS 2023 to Feature Two Power-Packed News/Talk Radio Programming Panels

As the 26th annual installment of the talk media’s longest-running and most important national gathering draws closer, details of its exciting day-long agenda begin to come into focus. TALKERS 2023 will feature two “Programming News/Talk Radio in the Digital Era” panel sessions.

The first, moderated by Mike McVay, president, McVay Media, will feature panelists (in alphabetical order): Grace Blazer, VP, national NTS brand coordinator, director of news and AM programming Florida region, iHeartMedia; Kevin Delany, VP, news & talk programming, Westwood One; Matt Meany, program director, WABC, New York; Eric Stanger, VP, operations, “The Sean Hannity Show,” Premiere Networks; and Joe Thomas, talk show host/program director, WCHV, Charlottesville, VA.

The second, moderated by Walter Sabo (a.k.a. Walter Sterling), president, Sabo Media/talk show host, “Sterling On Sunday,” will feature panelists (in alphabetical order):  Phil Boyce, SVP/spoken word format, Salem Media Group; ops VP, New York region/ WMCA/AM970 the Answer; Tom Cuddy, program director, WOR, New York; Michael Czarnecki, VP, programming, Binnie Media; Dan Mandis, talk show host/program director WTN-FM, Nashville; and John T. Mullen, GM, WRHU-FM/WRHU.org, Hofstra University.

The panels which will be scheduled during the morning and afternoon segments of the conference will tackle such questions and issues as: How much political programming is optimum for a news/talk station? When targeting a core audience, where do you draw the line between “super-serving” and affirming its opinions versus challenging them? How do you expand upon the AM or FM brand through the use of digital media platforms so as to grow the audience and not dilute the ratings? What is the role of podcasting going forward? How do you to maintain journalistic integrity in a highly polarized society? Is talent direction/coaching a lost art? Where does the new talent come from? How do you optimally integrate local and national programming? How do you work with a tight and/or shrinking budget? How can news/talk radio be significantly improved? plus more.

The details of other panels and sessions addressing sales, sports talk radio, podcasting, career navigation and more will be posted in TALKERS during the next few days and weeks.

TALKERS 2023 will take place on Friday, June 2 at Hofstra University on Long Island is on its way to an early sellout.  You can see the list of in-person speakers and get registration and hotel information here.

Industry News

WFLA, Tampa Dismisses Jack Harris

By TALKERS | by TALKERS

In what is a shocker for news/talk radio listeners in Tampa, longtime WFLA morning drive personality Jack Harris has been let go from the station. The Tampa Bay Times reports the change at the iHeartMedia station, quoting Harris, who told the paper, “After I signed off from my show at 7:00 am today, iHeartRadio bosses told me that they were cutting back on expenses and had to let me go. I didn’t think I was that big of a burden on them. I was making a seventh of what I made three or four years ago.” As is often the case when a host is let go, they wish they’d had a chance to say good-bye and Harris is no different. He says he’d liked to have said thanks. “Just tell them that they have been great to me over the years. They are what I will miss most.” Harris had been hosting the first two hours of morning drive – from 5:00 am to 7:00 am. “The Ryan Gorman Show” had been airing from 7:00 am to 10:00 am but will absorb the early hours and shift to the 5:00 am to 9:00 am daypart. Harris and the late Ted Webb co-hosted “AM Tampa Bay” for almost 30 years. About his future, the 81-year-old Harris says, “I might look for part-time work on the radio somewhere. Or maybe I will retire. I am an old geezer, after all.” Read the Times story here.

Industry News

Yesterday’s (3/8) Top News/Talk Media Stories

By TALKERS | by TALKERS

FOX News host Tucker Carlson’s airing January 6 video attempting to prove what happened at the Capitol was “mostly peaceful”; a House committee begins hearings in which it suggests an investigation into the lab leak theory of COVID-19’s origins should be investigated; U.S.-China relations as China accuses the U.S. of trying to “encircle and suppress” China’s progress; Russia’s intensifying fighting to take the Ukrainian city of Bakhmut; President Joe Biden’s plan to present his budget proposal including tax hikes that would cut the federal deficit by $3 trillion; two Americans are killed in Mexico traveling for a medical procedure; Senate Minority Leader Mitch McConnell is hospitalized after falling; and Central and Northern California prepare for another powerful snow and rain storm were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Industry News

Yesterday’s (2/1) Top News/Talk Media Stories

By TALKERS | by TALKERS

The state of the United States’ economy and the Fed’s decision to raise interest rates; the political battle in Congress to address the U.S.’s debt ceiling; the classified government documents in the possession of Joe Biden, Mike Pence and Donald Trump; Hunter Biden seeks criminal investigation into stolen data from his laptop; former President Trump’s 2024 campaign and former South Carolina Governor and former UN Ambassador Nikki Haley’s expected bid for the White House in ’24; Trump’s potential legal issues in Georgia and New York; Ukraine’s plea for fighter jets is rejected by the U.S. and Germany as it tries to fend off Russia; the aftermath of the police beating death of Tyre Nichols in Memphis; artificial intelligence and the effects of the release of chatbot ChatGPT; and the brutal winter weather affecting parts of the country were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Industry News

Top News/Talk Stories for the Week of January 23-27, 2023

By TALKERS | by TALKERS

The investigations into the possession of classified government documents by President Joe Biden, former Vice President Mike Pence, and former President Donald Trump was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was House Speaker Kevin McCarthy’s move to pull Democrats Adam Schiff and Eric Stalwell off the House Intelligence committee, followed by the battle in congress over expanding the U.S.’s debt ceiling 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.

Industry News

The Weekend’s Hottest News/Talk Media Stories

By TALKERS | by TALKERS

Still more government documents are found in the possession of President Joe Biden as special counsel Robert Hur investigates the matter; the federal debt limit will be reached on Thursday and Treasury Secretary Janet Yellen cautions “extraordinary measures” will be needed to pay the nation’s bills; Israeli Prime Minister Benjamin Netanyahu’s government is the subject of protests in Israel; the intensifying Russian missile offensive in Ukraine; the investigation into Idaho murders suspect Bryan Kohberger; Brazil’s Supreme Court announces it will investigate former President Jair Bolsonaro for a possible connection to the recent riots; Monday’s Martin Luther King Jr. Day holiday; the intense rain storms soaking California; and the NFL’s Wild Card Weekend games were some of the most-talked-about stories on news/talk radio over the January 14-15 weekend, according to ongoing research from TALKERS magazine.

Industry News

Top News/Talk Stories for Week of January 9 – 13, 2023

By TALKERS | by TALKERS

The discovery of two caches of classified government documents in the possession of President Joe Biden and the appointing of a special counsel to investigate was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the first week of business of the Kevin McCarthy-led U.S. House, followed by the migrant issues at the U.S.-Mexico border and in Florida combined with Biden’s trip to Mexico City 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 of the top news/talk radio stories here.

Industry News

Yesterday’s (1/11) Hottest News/Talk Media Stories

By TALKERS | by TALKERS

The discovery of a second batch of classified documents found by President Joe Biden’s aides in a second location associated with the president; the debt ceiling and the threat of financial chaos and recession; the call by some Republicans in Congress for George Santos to resign his seat over falsehoods on his curriculum vitae while Speaker Kevin McCarthy supports him; the deadly floods in California; the FAA’s computer failure that upset air travel across the U.S.; the latest battle between Russian and Ukrainian forces in the city of Soledar; the latest report on global ocean temperatures and the threat of global warming; and the death of guitar great Jeff Beck after he contracted bacterial meningitis were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS magazine.

Industry News

Yesterday’s (1/10) Hottest News/Talk Media Stories

By TALKERS | by TALKERS

The matter of President Joe Biden having classified government documents in a think tank office from his vice presidential days; the deadly California floods; The U.S. House approves the creation of the Select Subcommittee on the Weaponization of the Federal Government to investigate attacks on conservatives; the flap over reports that gas stoves are harmful to users’ health and the threat of a government ban; Russia’s claim that it has taken control of the Ukrainian city of Soledar; the death of pro-Trump duo “Diamond & Silk” member Lynette Hardaway; Tuesday evening’s return of the Golden Globes award show after a year off; and reaction to the publication of Prince Harry’s book, Spare, and his appearance on “60 Minutes” were some of the most-talked-about stories on news/talk radio yesterday (1/10), according to research from TALKERS magazine.

Front Page News Industry News

Tuesday, November 15, 2022

By Editor | by Editor

Steve Wexler Steps Down from Daily Management Duties at Good Karma Brands Milwaukee. Radio management pro Steve Wexler – vice president and market manager for Good Karma Brands Milwaukee – will wrap up his 35-year career and transition into a coaching and development role at the company. The announcement was made today (11/15) by GKB founder and CEO Craig Karmazin, who says, “We are appreciative and grateful Steve “Wex” joined Good Karma to lead the Milwaukee team through a time of significant growth and transition. His passion for local news and his community-focused approach to broadcasting and media led the team through a pandemic, the launch of a new station, and award-winning coverage of so many significant moments of the past several years. We’re looking forward to continuing to learn from his knowledge and leadership expertise as he moves into a coaching role within the GKB home office.” The company says that EVP Emily Dillinger will assume the role of interim market manager for GKB’s three Milwaukee stations talk WGKB-AM/W269DL “101.7 The Truth,” sports talk WKTI-FM, “ESPN Milwaukee,” and news/talk WTMJ “Newsradio 620.” Wexler comments, “I’m looking forward to tapping into my experiences and many lessons learned to help our content, sales and management teammates continue to grow their skills and knowledge. I’m very grateful to Craig for the opportunity to do what I do best and what I enjoy most which is spending time coaching and developing our team.” Wexler led the sale of the 36-station, 8-market Scripps Radio Group in late 2018 to several broadcast companies, including GKB in Milwaukee, where he assumed the role of market manager in 2019. He began his broadcast career at WTMJ in Milwaukee as an intern and has been an on-air personality, program manager, and radio and television general manager before running the radio division for Journal Communications, which merged with Scripps in 2018.

Cox Media Group Names Market Leaders for Houston and Orlando. The company announces the appointment of new VP/market managers for its Houston and Orlando clusters. In Orlando, where Cox Media Group operates news/talk WDBO-AM/FM and five music brands, JC Campese assumes the leadership role. CMG operates three music brands in Houston where Stephanie Callihan is named to the top position. She has served with several radio groups, including Audacy where she was most recently an SVP and market manager. Campese launched his career with CMG in 2000 and rose to director of sales for the Orlando cluster prior to this promotion. CMG executive vice president Rob Babin says, “We are excited to tap into our amazing internal CMG leadership talent and announce the promotions of JC and Stephanie. JC and Stephanie have a fantastic range of experiences and talents that will make a positive impact on CMG and our talented teams in Orlando and Houston. I look forward to the difference they’ll make as CMG continues to evolve to meet the needs of our listeners, clients, and our communities.”

AWM Presents Gracies Leadership Awards. The Alliance for Women in Media hosted the Gracies Leadership Awards luncheon yesterday (11/14) at the Tribeca 360° in New York City.  Soledad O’Brien served as keynote speaker stating that the group of honorees represent “stories not just of grit, vision, and opportunity, but of women helping women and celebrating women and the story of how those women didn’t forget that they got into media to elevate people and issues and struggles that were not in the spotlight.” The seven female leaders honored (and pictured above) were: Valerie Blackburn; Nancy Daniels, chief of content, NTets, Discovery, Animal Planet &Science Channel; Marie Donoghue, vice president, global sports video, Amazon; Kim Godwin, president, ABC News; Wendy Goldberg, chief communications officer, iHeartMedia, Inc; Chelsey Maddox-Dorsey, CEO, A wonder Media Company; Debra O’Connell, president, networks, Disney Media & Entertainment Distribution; and Dawn Porter, founder, Trilogy Films. AWM Foundation chair Heather Cohen states, “This is a pivotal event for us because it covers all three of our pillars- it’s recognition, it’s education, and it’s connection. We shine a light on exceptional women in media- those who have shattered glass ceilings and proven their leadership and notable today, what an honor to have Soledad O’Brien, one of the greatest storytellers of our time as our keynote.”

TALKERS News Notes. Audio research and analytics firm Veritonic announces the second annual Audio Intelligence Summit is scheduled for February 15 at Second Floor in New York City. Veritonic says, “The summit will once again gather industry-leading brands, agencies, and publishers to dive deep into the data and analytics that are driving today’s successful audio and podcasting strategies. We look forward to coming together with fellow publishers, platforms, brands and agencies to collectively improve upon and consider the data and analytics that are making audio’s ever-expanding influence increasingly efficient and impactful.” Find details about the summit by visiting https://audiointelligencesummit.com…..Benztown + McVay Media Podcast Networks announce the launch today of the quirky new comedic podcast, “The Neurotic Vaccine,” created and hosted by Andy Cowan, award-winning writer for “Seinfeld,” “Cheers,” and “3rd Rock from the Sun.” In “The Neurotic Vaccine,” Cowan invites fellow neurotics to share his mini-therapy sessions with co-host, clinical and forensic psychologist, Dr. Scott Kopoian. Together with their guests – including inaugural guests Jay Leno and Cathy creator, Cathy Guisewite – Cowan and Kopoian work toward the daunting goal of immunity to neurosis. “The Neurotic Vaccine” podcast includes celebrity guests, post-session postscripts, comedy featurettes and more. Future sessions of “The Neurotic Vaccine” will feature stars including Leave It To Beaver’s Jerry Mathers and Tony Dow (in his final interview), “Curb Your Enthusiasm” guest star comedian Elon Gold, Shark Tank’s Kevin O’Leary, CNN host Michael Smerconish, and actress Marilu Henner…..Quu Inc., announces radio veteran Laura Gonzo joins the company as senior director of affiliate services. In this role, Gonzo will work with stations and sales teams to ensure the successful implementation of Quu’s advertising products. Gonzo served as affiliate director for “The Bob & Tom Show” from 1997 through 2008. She says, “Quu’s powerful technology is truly a game-changer for radio. Beyond elevating the station’s visual appeal, Quu offers a huge opportunity to increase sales and drive stronger returns for clients. I’m thrilled to join the team of passionate experts at Quu and to help stations make the most of these transformative products.”…..SiriusXM announces that Andy Cohen has signed a three-year contract extension and that his exclusive SiriusXM channel Radio Andy “will now serve as the audio subscription service’s definitive home for pop culture with “Andy Cohen Live” and “Smith Sisters Live” expanding to daily shows.” Cohen says, “SiriusXM allows me to dig deeply into two of my passions – pop culture on Radio Andy and music on the Kiki Lounge. I’m so proud of what we’ve developed over the last seven years on Radio Andy. I’ve loved programming the channel, and my longform interviews with celebrities and authors feed my soul. Programming the Kiki Lounge brought me incredible joy during the pandemic and listening to it is a romp through my expansive music vocabulary.”

Midterms Aftermath, Trump in ’24, Biden-Xi Meeting, The Economy, Crypto-Crash, G-20/Russia-Ukraine War, and UVA Killings Among Top News/Talk Stories Yesterday (11/14). The results of last week’s midterm elections that leave the Democrats in control of the U.S. Senate and the Republicans likely to assume control of the U.S. House; former President Donald Trump’s expected announcement he’ll run for president in 2024; Monday’s meeting between President Joe Biden and Chinese President Xi Jinping; inflation and fears of a recession; the fall of cryptocurrency exchange FTX and the 75% decline of crypto value over the last 12 months; the G-20 meeting in Bali, Indonesia and the pressure on attending nations to officially condemn Russia’s invasion of Ukraine; and the fatal shooting of three University of Virginia football 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, November 14, 2022

By Editor | by Editor

Industry Mourns Jim Bohannon.  Veteran talk radio host Jim Bohannon has died at age 78, at the Prisma Health Cottingham Hospice House in South Carolina after losing a hard fought battle with esophageal cancer. He was born January 7, 1944 in Corvallis, OR, where his father was stationed in the U.S. Army during WWII. After the war, the family moved back to their home town to Lebanon, MO, where Jim grew up and graduated from Lebanon High School in 1962. He attended Missouri State University in Springfield, MO, before joining the military. His service in the U.S. Army Security Agency with the 199th Light Infantry Brigade included a tour of duty in Vietnam in 1967-68. Jim’s radio career began in high school working at KLWT, and in college at KICK, and KWTO.  After his return stateside, Jim was stationed at Vint Hill Farms Station, VA, and worked at radio stations WGAY, WTOP, and WRC in the Washington, DC market. He joined the Mutual Network in 1983, which later became Westwood One Radio. He began anchoring America in the Morning news magazine, hosting the Saturday night Jim Bohannon Show, and filling in on the Larry King Show. In 1993, Larry King moved to CNN, and the radio show became the Jim Bohannon Show, which Jim hosted until shortly before his death. His distinctive voice, wit and wisdom was aired on some 500 radio stations nationwide. Jim has been honored to be the recipient of numerous awards in recognition of his talent and contributions to the radio industry. This includes his induction into the National Broadcasting Hall of Fame by the National Association of Broadcasters, the Missouri Broadcasters Association Hall of Fame, the Radio Hall of Fame of the Museum of Broadcast Communication, and the Society of Professional Journalists, DC Chapter Hall of Fame. He also received the Lifetime Achievement Award from TALKERS magazine, and the First Amendment Award from the Radio and Television Digital News Foundation. He was especially pleased to receive the Gold Award from the International Radio Festival of New York for his documentary, “Pain and Pride- Remembering Vietnam,” and to be a 2003 inductee to the Wall of Honor in his hometown of Lebanon, MO. He was a lifetime member of the American Legion, Veterans of Foreign Wars, and the Vietnam Veterans of America. Jim is survived by his wife, Annabelle Bohannon, of Westminster, SC, and daughter, Elizabeth Smith of Janesville, WI.  Per Jim’s wishes no formal services will be held at this time. The family is at their respective homes.  In lieu of flowers, donations in Jim’s memory are suggested to any organization of your choice that serves to support the needs of veterans.  A message of condolence may be written to the family by visiting www.sandiferfuneralhome.com. TALKERS publisher Michael Harrison states: “Jim Bohannon was one of the greatest radio broadcasters of all time, plain and simple.  His talent was only surpassed by the personal esteem in which his fellow broadcasters held him.  He was the very definition of a ‘good guy’ through and through.”  Harrison recently recorded the last official interview with Jim Bohannon that is posted on PodcastOne click here.

Remembering Overnight Sensation Jim Bohannon. TALKERS magazine managing editor Mike Kinosian had the pleasure of interviewing Jim Bohannon a number of times over the years for personality profile pieces in the radio trade press. He says, “‘Class act’ epitomized peerless communicator Bohannon, who – while enjoying the luxury of a national Westwood One platform – possessed a palpably authentic on-air style that enamored him to a huge, loyal following. Always remarkably accessible, ‘Jimbo’ was unfailing in offering his vast expertise to the industry as a whole and to aspiring broadcasters. Moreover, he exuded a truly unique warmth that will be missed beyond measure.” Read Mike Kinosian’s piece here.

Monday Memo: Your Podcast “Bones,” Part Deux. In last week’s column, consultant Holland Cooke recommended to podcasters that shorter-is-better. This week, HC recommends a format for longer-form episodes. Read his column here.

 

Pending Business: When the Crystal Ball Is Foggy. Radio sales pro Steve Lapa writes in today’s column that “the current economic cycle is being driven by a sweeping round of cutbacks and strategic business re-focus.” He says that as a result, “the clock is ticking on the adjustments you should consider to jump-start 2023.” He offers a quick checklist to consider as you deal with a changing economic climate. Read it here.

 

Urban One’s Sports Talk WFNZ, Charlotte Names New Midday Shows. Today (11/14) marks the launch of new midday programming on Urban One’s Charlotte sports talk WFNZ-AM/FM “Sports Radio 92.7.” The station introduces the new 12:00 noon to 3:00 pm show “Wes & Walker” starring Wes Bryant (left) and Walker Mehl (right). Bryant is a host, producer, editor and voice-over artist for the ACC Digital Network in Charlotte.  He’s hosted ACC Digital Network’s “Kickoff Live,” a college football pregame show and “Wes Got Range,” a lifestyle show joining food and local area athletes together. Most recently he was the 2021-2022 season pre- and post-game host for the Charlotte Hornets broadcasts on Bally Sports South. Mehl hosts the “Locked on Hornets” podcast and has served as a guest host on WFNZ. Station PD Jeff Rickard says, “I’m excited to hear from two talented young men who are not only entertaining and engaging, but true native sons of the Queen City. I’m looking forward to hearing their hometown takes on all things Charlotte sports. I can’t wait for our listeners to learn more about them and enjoy the upcoming ride.” Rickard is also debuting his new late morning show titled, “Charlotte Sports Today,” that airs from 10:00 am to 12:00 noon. The “Mac & Bone” show continues is morning drive and Kyle Bailey remains the PM drive personality.

Audacy Names Seema Kumar SVP of Advertising Platforms. Advertising pro Seema Kumar joins Audacy as SVP of advertising platforms for the company. In this role, she’ll lead the team members responsible for the technology platforms for Audacy’s revenue organization, “ensuring that roadmaps and requirements are prioritized for vendors and IT ad tech engineers, aligned with ad product strategy and revenue goals, and optimized to meet business operational needs.” Kumar comes to Audacy from her most recent position as VP of advertising technology for WarnerMedia. Audacy EVP of advertising technology, products and platforms Terri Gunnell states, “We’re thrilled to welcome Seema to the team as we elevate our strategy and focus on the interoperability of our ad platforms to support growing our revenue in partnership with sales and creating efficiencies for sales operations. Her deep ad tech platform experience and forward-thinking business acumen will ensure we improve service to our internal and external clients and partners as well as enhance our ability to innovate in 2023 and beyond.”

WRKO, Boston’s Radiothon Raises $86,000 for Disabled Veterans. On Thursday and Friday of last week (11/10 & 11) iHeartMedia news/tak outlet WRKO, Boston produced its seventh annual DAV Radiothon to benefit the Disabled American Veterans Department of Massachusetts and raised $86,000. Over the two days, WRKO on-air personalities Jeff Kuhner, Chuck Zodda and Mike Armstrong encouraged listeners to donate and raise funds for the DAV of Massachusetts’ homeless shelter and transportation programs. iHeartMedia Boston VP of news, talk, sports Rob Sanchez says, “Every year the WRKO listeners amaze me with their generosity. Once again, they have helped to raise $86,883 for the DAV of Massachusetts. We’re proud to be able to support the DAV of Massachusetts and show that WRKO, our listeners and our sponsors are always willing to help the men and women who have sacrificed so much for our great country.” Since 2016, DAV Radiothon has raised more than $886,000 to benefit veterans in the community.

Midterm Results, Trump in ’24, Biden Meets Xi, G-20 Summit, The Economy/Crypto Meltdown, Deadly Virginia and Idaho Shootings, Russia-Ukraine War, and Social Media Among Top News/Talk Stories Over the Weekend. The aftermath of last week’s midterm elections including the Democrats’ hold on the U.S. Senate and the still-unknown status of the U.S. House; former President Donald Trump’s expected run for president in 2024; President Joe Biden meets with Chinese President Xi Jinping over tense issues including Taiwan; the meeting of G-20 leaders in Bali; U.S. inflation, job reports and concerns about a recession, combined with the freefall of crypto-currency; the fatal shooting of three at the University of Virginia and the deaths of four University of Idaho students; Russia’s ongoing invasion of Ukraine and its exit from Kherson; and the troubles at Elon Musk’s Twitter, Meta’s Facebook, and the future of social media were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Monday, November 14, 2022

By Editor | by Editor

Industry Mourns Jim Bohannon.  Veteran talk radio host Jim Bohannon has died at age 78, at the Prisma Health Cottingham Hospice House in South Carolina after losing a hard fought battle with esophageal cancer. He was born January 7, 1944 in Corvallis, OR, where his father was stationed in the U.S. Army during WWII. After the war, the family moved back to their home town to Lebanon, MO, where Jim grew up and graduated from Lebanon High School in 1962. He attended Missouri State University in Springfield, MO, before joining the military. His service in the U.S. Army Security Agency with the 199th Light Infantry Brigade included a tour of duty in Vietnam in 1967-68. Jim’s radio career began in high school working at KLWT, and in college at KICK, and KWTO.  After his return stateside, Jim was stationed at Vint Hill Farms Station, VA, and worked at radio stations WGAY, WTOP, and WRC in the Washington, DC market. He joined the Mutual Network in 1983, which later became Westwood One Radio. He began anchoring America in the Morning news magazine, hosting the Saturday night Jim Bohannon Show, and filling in on the Larry King Show. In 1993, Larry King moved to CNN, and the radio show became the Jim Bohannon Show, which Jim hosted until shortly before his death. His distinctive voice, wit and wisdom was aired on some 500 radio stations nationwide. Jim has been honored to be the recipient of numerous awards in recognition of his talent and contributions to the radio industry. This includes his induction into the National Broadcasting Hall of Fame by the National Association of Broadcasters, the Missouri Broadcasters Association Hall of Fame, the Radio Hall of Fame of the Museum of Broadcast Communication, and the Society of Professional Journalists, DC Chapter Hall of Fame. He also received the Lifetime Achievement Award from TALKERS magazine, and the First Amendment Award from the Radio and Television Digital News Foundation. He was especially pleased to receive the Gold Award from the International Radio Festival of New York for his documentary, “Pain and Pride- Remembering Vietnam,” and to be a 2003 inductee to the Wall of Honor in his hometown of Lebanon, MO. He was a lifetime member of the American Legion, Veterans of Foreign Wars, and the Vietnam Veterans of America. Jim is survived by his wife, Annabelle Bohannon, of Westminster, SC, and daughter, Elizabeth Smith of Janesville, WI.  Per Jim’s wishes no formal services will be held at this time. The family is at their respective homes.  In lieu of flowers, donations in Jim’s memory are suggested to any organization of your choice that serves to support the needs of veterans.  A message of condolence may be written to the family by visiting www.sandiferfuneralhome.com. TALKERS publisher Michael Harrison states: “Jim Bohannon was one of the greatest radio broadcasters of all time, plain and simple.  His talent was only surpassed by the personal esteem in which his fellow broadcasters held him.  He was the very definition of a ‘good guy’ through and through.”  Harrison recently recorded the last official interview with Jim Bohannon that is posted on PodcastOne click here.

Remembering Overnight Sensation Jim Bohannon. TALKERS magazine managing editor Mike Kinosian had the pleasure of interviewing Jim Bohannon a number of times over the years for personality profile pieces in the radio trade press. He says, “‘Class act’ epitomized peerless communicator Bohannon, who – while enjoying the luxury of a national Westwood One platform – possessed a palpably authentic on-air style that enamored him to a huge, loyal following. Always remarkably accessible, ‘Jimbo’ was unfailing in offering his vast expertise to the industry as a whole and to aspiring broadcasters. Moreover, he exuded a truly unique warmth that will be missed beyond measure.” Read Mike Kinosian’s piece here.

Monday Memo: Your Podcast “Bones,” Part Deux. In last week’s column, consultant Holland Cooke recommended to podcasters that shorter-is-better. This week, HC recommends a format for longer-form episodes. Read his column here.

 

Pending Business: When the Crystal Ball Is Foggy. Radio sales pro Steve Lapa writes in today’s column that “the current economic cycle is being driven by a sweeping round of cutbacks and strategic business re-focus.” He says that as a result, “the clock is ticking on the adjustments you should consider to jump-start 2023.” He offers a quick checklist to consider as you deal with a changing economic climate. Read it here.

 

Urban One’s Sports Talk WFNZ, Charlotte Names New Midday Shows. Today (11/14) marks the launch of new midday programming on Urban One’s Charlotte sports talk WFNZ-AM/FM “Sports Radio 92.7.” The station introduces the new 12:00 noon to 3:00 pm show “Wes & Walker” starring Wes Bryant (left) and Walker Mehl (right). Bryant is a host, producer, editor and voice-over artist for the ACC Digital Network in Charlotte.  He’s hosted ACC Digital Network’s “Kickoff Live,” a college football pregame show and “Wes Got Range,” a lifestyle show joining food and local area athletes together. Most recently he was the 2021-2022 season pre- and post-game host for the Charlotte Hornets broadcasts on Bally Sports South. Mehl hosts the “Locked on Hornets” podcast and has served as a guest host on WFNZ. Station PD Jeff Rickard says, “I’m excited to hear from two talented young men who are not only entertaining and engaging, but true native sons of the Queen City. I’m looking forward to hearing their hometown takes on all things Charlotte sports. I can’t wait for our listeners to learn more about them and enjoy the upcoming ride.” Rickard is also debuting his new late morning show titled, “Charlotte Sports Today,” that airs from 10:00 am to 12:00 noon. The “Mac & Bone” show continues is morning drive and Kyle Bailey remains the PM drive personality.

Audacy Names Seema Kumar SVP of Advertising Platforms. Advertising pro Seema Kumar joins Audacy as SVP of advertising platforms for the company. In this role, she’ll lead the team members responsible for the technology platforms for Audacy’s revenue organization, “ensuring that roadmaps and requirements are prioritized for vendors and IT ad tech engineers, aligned with ad product strategy and revenue goals, and optimized to meet business operational needs.” Kumar comes to Audacy from her most recent position as VP of advertising technology for WarnerMedia. Audacy EVP of advertising technology, products and platforms Terri Gunnell states, “We’re thrilled to welcome Seema to the team as we elevate our strategy and focus on the interoperability of our ad platforms to support growing our revenue in partnership with sales and creating efficiencies for sales operations. Her deep ad tech platform experience and forward-thinking business acumen will ensure we improve service to our internal and external clients and partners as well as enhance our ability to innovate in 2023 and beyond.”

WRKO, Boston’s Radiothon Raises $86,000 for Disabled Veterans. On Thursday and Friday of last week (11/10 & 11) iHeartMedia news/tak outlet WRKO, Boston produced its seventh annual DAV Radiothon to benefit the Disabled American Veterans Department of Massachusetts and raised $86,000. Over the two days, WRKO on-air personalities Jeff Kuhner, Chuck Zodda and Mike Armstrong encouraged listeners to donate and raise funds for the DAV of Massachusetts’ homeless shelter and transportation programs. iHeartMedia Boston VP of news, talk, sports Rob Sanchez says, “Every year the WRKO listeners amaze me with their generosity. Once again, they have helped to raise $86,883 for the DAV of Massachusetts. We’re proud to be able to support the DAV of Massachusetts and show that WRKO, our listeners and our sponsors are always willing to help the men and women who have sacrificed so much for our great country.” Since 2016, DAV Radiothon has raised more than $886,000 to benefit veterans in the community.

Midterm Results, Trump in ’24, Biden Meets Xi, G-20 Summit, The Economy/Crypto Meltdown, Deadly Virginia and Idaho Shootings, Russia-Ukraine War, and Social Media Among Top News/Talk Stories Over the Weekend. The aftermath of last week’s midterm elections including the Democrats’ hold on the U.S. Senate and the still-unknown status of the U.S. House; former President Donald Trump’s expected run for president in 2024; President Joe Biden meets with Chinese President Xi Jinping over tense issues including Taiwan; the meeting of G-20 leaders in Bali; U.S. inflation, job reports and concerns about a recession, combined with the freefall of crypto-currency; the fatal shooting of three at the University of Virginia and the deaths of four University of Idaho students; Russia’s ongoing invasion of Ukraine and its exit from Kherson; and the troubles at Elon Musk’s Twitter, Meta’s Facebook, and the future of social media were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Friday, November 11, 2022

By Editor | by Editor

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. Harrison, Esq., 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

Thursday, November 10, 2022

By Editor | by Editor

Dave Ramsey Joins RAB’s ‘Radio Works’ Series. The RAB announces that as part of its Radio Works initiative, the next presentation in the series, titled, “Radio Works for Financial Services,” will feature remarks by talk radio star and financial expert Dave Ramsey. RAB says next Wednesday’s webinar “will focus on the expansive financial services category and key segments such as retail banking, investment banking and credit cards with a concentration towards the challenges and opportunities ahead in 2023.” The webinar will also feature Peter Nelson, president of Glenwood State Bank in Minnesota and Chris Uhde, sales manager, Leighton Broadcasting in Alexandra, Minnesota to discuss how the community bank is navigating through the current economic climate, its impact on their customers and radio’s role in their approach. The presentation – free for RAB members – is on November 16 at 1:00 pm ET. You can register here.

FOX Sports Radio Adds ‘The Paulie & Tony Fusco Show’ to Podcast Lineup. The satirical sports talk podcast, “The Paulie & Tony Fusco Show,” joins FOX Sports Radio’s slate of podcasts. FSR says, “Each week on ‘The Paulie & Tony Fusco Show,’ former ‘Herd with Colin Cowherd’ producers Andrew Samson and Sharief Ali hilariously portray die-hard Philadelphia sports fans and ‘legendary’ cable TV stars who think they have the best sports takes when they actually have the worst.” FOX Sports Radio SVP of sports programming Scott Shapiro jokes, “When the Phillies were 21-29, I made a wager that the Phillies wouldn’t make the World Series for another decade. I now significantly regret that ill-advised wager as the result is having to take on this so-called podcast. If you value your time, please DO NOT listen to this podcast.”

College Hoops Star Drew Timme Launches Podcast. A collaborative effort between iHeartMedia’s iHeartPodcasts and the College Athletes Network (CAN) results in the new podcast, “Gimme Timme,” starring Gonzaga basketball star Drew Timme. iHeartMedia says this weekly podcast expands on its partnership with CAN to “bring college sports-centered podcasts hosted by the athletes themselves to fans.” The podcast will also include co-host Noah Buono – a former walk-on at Duquesne University and host of CAN’s “Walkie TalkieZ.” Timme says, “I’m super excited to do this podcast. It’s my senior season and it’s going to be a lot of fun. I can’t wait to take people along for the ride. I love listening to Draymond Green’s podcast. I want my podcast to have the same angle, just from a college perspective. Listeners will get the full Drew experience each and every episode.”

Bob Pittman and Bud Walters Among Honorees at LABF’s Giants of Broadcasting & Electronic Arts. Next Tuesday (11/15) Library of American Broadcasting Foundation presents its “Giants of Broadcasting & Electronic Arts” annual celebration at Gotham Hall in New York City. LABF says the ceremony honors “the distinguished individuals who have – for the past century – been the creators, innovators, journalists, leaders, performers, and producers that have brought the electronic arts to the prominence they occupy in the United States and the world today, and who have set the stage for the future.” Among this year’s group of honorees are radio’s Bob Pittman, chairman & CEO of iHeartMedia, and Bud Walters, president of Cromwell Media. Also being honored are: Sean McManus, chairman of CBS Sports; S. Epatha Merkerson, actress, “Chicago Med,” “Law & Order”; Adam Symson, president & CEO, The E.W. Scripps Company; Peter Williams, justice correspondent (Ret.), NBC News; Fareed Zakaria, CNN anchor, author, columnist for The Washington Post; and Julia Child, TV chef, (posthumously).

RAB Board of Directors Elects New Directors for 2023. The Radio Advertising Bureau announces the results of its Fall Board of Directors meeting in Chicago on November 1-2. Newly elected officers include Chair: Jeff Warshaw, chief executive officer, Connoisseur Media; Vice Chair: Erik Hellum, chief operating officer, Townsquare Media; Finance Chair: Sabina Widmann, president, regional general manager, TelevisaUnivision; Secretary: Mike Dowdle, executive vice president of business affairs, Bonneville International; Immediate Past Chair: Mike Hulvey, chief executive officer, Neuhoff Media.  Warshaw says, “I am proud to serve as the RAB chair and further support the organization and the industry as we continue to advocate for radio.” Joining the RAB board of directors are David Bevins, Connoisseur Media, Felipe Chávez, Bustos Media, Julie Koehn, Lenawee Broadcasting Company and Kevin Perry, Perry Publishing & Broadcasting. Jonathan Brewster of El Dorado Broadcasters will be rejoining the board. Exiting the board are Keith Lawless, formerly at Cox Media Group, Art Rowbotham, Hall Communications, Inc., Jeff Smulyan, Emmis Communications and Pat Walsh, Emmis Communications.

TeshMedia and Compass Media Networks Expand Their Relationship. The two organizations announce that they are expanding their long-standing partnership. Compass Media Networks will now manage affiliate sales, in addition to continuing as The TeshMedia Group’s exclusive advertising representative for the full array of The TeshMedia Group’s audio brands. John Tesh says, “For nearly a decade we have trusted our friend, Peter Kosann, and Compass Media Networks for our advertising sales. And so, it only makes sense that we would take the next step and partner with Compass’ awesome affiliate relations team to help us super-serve our stations.” Kosann comments, “TeshMedia is a unique treasure to the radio industry – delivering unique, compelling, exclusive, and awesome content that drives ratings and revenues for affiliates. We are extremely proud and humbled to expand this wonderful relationship with Connie, Gib, John and their full team of producers and writers.”

TALKERS News Notes. Connecticut talk radio host Lisa Wexler is returning to her program at Connoisseur Media’s news/talk WICC-AM, Bridgeport after her leave to run for re-election for probate judge in Connecticut’s Westport-Weston District. Wexler won the race with 72% of the vote. Interestingly, she ran this time as a Democrat after having previously won three elections as a Republican in the same district. Connoisseur Media SVP Kristin Okesson says, “We congratulate Lisa on her re-election as probate judge and are looking forward to having Lisa back on-air after this brief election hiatus. Our listening community has clearly missed her on WICC.”…..Benztown announces that it is appointing Leon McWhorter as head writer. The company says, “McWhorter is the newest addition to Benztown and client partner Yamanair Creative’s writers’ room, serving commercial production clients across the U.S. He will report to MJ Bloch, Benztown’s East Coast director of commercial production, and Darren Silva, West Coast director of commercial production.

Midterm Election Results, Trump 2024 Presidential Bid, The Economy, Elon Musk & Twitter, Russia-Ukraine War, and Hurricane Nicole Among Top News/Talk Stories Yesterday (11/9). The results of the midterm elections and the Georgia runoff election that may determine control of the U.S. Senate; former President Donald Trump’s expected announcement that he’ll run for president in 2024; inflation and concerns about a recession; the chaos surrounding Elon Musk’s takeover of Twitter; Russia’s invasion of Ukraine and the impact on Europe’s winter energy crisis; and Hurricane Nicole makes landfall in Florida among top news/talk stories yesterday, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Wednesday, November 9, 2022

By Editor | by Editor

Townsquare Media’s 2022 Third Quarter Net Revenue Soars 8.4%. Third quarter net revenue was $120.6 million – an increase of 8.4% over the same period in 2021. Townsquare Media reveals in its 2022 Q3 financial report that net income for the quarter decreased $10.1 million to $2.8 million, as compared to $12.9 million in the same period in 2021, primarily driven by non-cash impairment charges to the company’s FCC licenses of $10.3 million. Townsquare Media breaks its financial reports in to three operating segments. For the third quarter of this year, Digital Advertising net revenue increased $6.5 million, or 21.3%; Subscription Digital Marketing Solutions net revenue increased $2.1 million, or 9.7%, as compared to the same period in 2021 due in part to the addition of approximately 850 additional net subscribers during the third quarter of 2022; and Broadcast Advertising net revenue increased $2 million, or 3.4%, compared to Q3 of 2021. Townsquare CEO Bill Wilson comments, “I am proud to report another record setting quarter of results that clearly demonstrate the undeniable success and differentiation of Townsquare’s transformation into a Digital First Local Media company. The Townsquare team reached all-time Q3 highs with net revenue growth of 8% year-over-year, and Adjusted EBITDA growth of 6% year-over-year, meeting our Q3 guidance. In addition, net leverage declined to an all-time low of 4.54x as we continue to make progress towards our 4x net leverage target. Our growth engine has been and will continue to be our digital solutions, which were the primary driver of our third quarter growth, accounting for half of Townsquare’s total revenue and total profit. Total digital revenue increased 17% year-over-year in the third quarter, and trailing 12-month digital revenue grew to $225 million. As a uniquely positioned Digital First Local Media Company focused principally on markets outside of the top 50 in the United States, Townsquare has a resilient digital growth engine supported by both a recurring subscription digital marketing solutions business, with a large addressable market and limited competition, and a highly differentiated digital advertising technology platform.”

Ramsey Solutions to Give Free Finance Course to 1,000 Veterans in Recognition of Veterans Day. In honor of Veterans Day this Friday (11/11), Dave Ramsey announces that he is giving away access to his company’s Financial Peace University for 1,000 veterans on “The Ramsey Show.” Ramsey Solutions says the nine-lesson digital personal finance course has helped millions take control of their money for 30 years. Veterans who enter their information on the company’s website and are selected, will be able to join a class in-person or go online to watch videos on-demand as they learn the fastest way to pay off debt, save for emergencies and invest for the future. Military members list financial troubles among their top stressors. In the first 90 days of working the FPU plan, the average household pays off $5,300 of debt and saves $2,700 for emergencies.

KFI, Los Angeles Set to Begin 12th Annual Pastathon with SoCal Wendy’s Restaurants Joining the Cause. The annual KFI Pastathon charity event that encourages listeners to donate money, pasta, and sauce to benefit Caterina’s Club gets underway on Tuesday (11/15) and includes new partner Wendy’s restaurants in Southern California. The iHeartMedia news/talk station says that Caterina’s Club provides more than 25,000 nutritious meals every week to children in need in Southern California. The charity also helps families get back into stable home environments and teaches teens the skills they need to work in the hospitality industry. This year, all 168 Wendy’s restaurants in Southern California will offer their customers a donation option from November 16 through December 4.  In addition, on November 29, ‘Giving Tuesday,’ these Wendy’s will also donate $1 from every Frosty sold to the KFI PastaThon. With the help of listeners, local businesses, and the continued partnership with Smart & Final stores and Barilla Pasta, the 2021 event raised a record-breaking $1 million dollars and 115,000 lbs of pasta and sauce. Since 2010, the KFI PastaThon event has raised over $4.6 million and 700,000 pounds of pasta and sauce for children in need in the community. KFI program director Robin Bertolucci states, “We are so delighted to have Wendy’s partner with us on our efforts to feed Southern California kids. Because of generous partners like Wendy’s, Chef Bruno is feeding over 25,000 kids every week. As we embark upon our 12th annual KFI PastaThon we know the need is bigger than ever but so are the hearts of our listeners and partners. Our goal this year is to once again raise over a million dollars.  Thank you to Wendy’s for helping us make that dream a reality!”

Radio and Podcast Power Session Being Made Available for Colleges & Universities. The Library of American Broadcasting Foundation (LABF), in partnership with Benztown, the University of Maryland and the Broadcast Education Association (BEA), are creating a produced 90-minute, on-demand recorded Zoom video session focused on radio and podcasting for colleges and universities utilizing the LABF collection. The LABF Radio and Podcasting Power Session initiative, led by LABF board members Dave “Chachi” Denes – Benztown president – and BEA executive director Heather Birks, features University of Maryland reference specialist Michael Henry hosting a virtual walk-through of the library, followed by an insightful conversation about the vast collection highlighting incredible moments in U.S. history captured through the eyes and voice of television and radio broadcasters. Additionally, industry professionals from across different disciplines of the podcasting and radio business, including radio executive Mike McVay along with Benztown’s R Dub! from “Sunday Night Slow Jams”, Darren Silva and MJ Bloch, Tom Green, Susan Aksu, Beasley Media Group chief revenue officer Tina Murley and other experts speak to the students about the many career opportunities available to them in the industry. Denes says, “Everyone involved with this program is passionate about radio and podcasting. It’s an absolute honor to be able to share our knowledge with students that will someday be leading the industry.” The initiative initially launched as a semester-long course with Clark Atlanta University in 2021. The school is the first to utilize the 2022 90-minute abridged class-offering. It will be available to colleges and universities.

TALKERS News Notes. A new deal between Cumulus Media’s news/talk WLS-AM and Motor Racing Network will have the station airing the NASCAR Cup Series beginning in 2023. This three-year pact comes on the heels of the news that the City of Chicago has signed a three-year deal with NASCAR as the home of the first-ever Chicago Street Race. The unprecedented 12-turn, 2.2-mile Chicago Street Race will take the Cup Series and NASCAR Xfinity Series past and through many of Chicago’s most renowned downtown landmarks during Fourth of July Weekend, July 1-2, 2023. WLS program director Stephanie Tichenor says, “We are thrilled to be the new Chicago radio home of NASCAR and we look forward to growing this new partnership as we gear up for the first-ever Chicago Street Race next summer – and what promises to be an unforgettable Fourth of July weekend.”…..SiriusXM announces the launch of a new original comedy channel, Team Coco Radio. Executive produced by Conan O’Brien, the channel will feature exclusive audio content as well as select Team Coco podcasts, including the popular “Conan O’Brien Needs a Friend.” The channel debuts on November 15. Subscribers can hear the biggest interviews and the funniest stand-up moments from Conan’s iconic TBS show, as well as select Team Coco podcasts, including “Conan O’Brien Needs a Friend,” plus “Inside Conan” and “Conan O’Brien Needs a Fan.” Fresh commentary from Conan will also be weaved throughout the programming, as he recalls funny behind-the-scenes stories and other entertaining and insightful anecdotes.

Midterms/Trump’s 2024 Aspirations, The Economy, China COVID Lockdowns, Meta Layoffs/Twitter Chaos, January 6 Cases, Russia-Ukraine War, Powerball Jackpot, and Tropical Storm Nicole Among Top News/Talk Stories Yesterday (11/8). Tuesday’s midterm elections, the battle for control of Congress combined with former President Donald Trump’s expected announcement he’ll run in 2024; inflation and fears of a recession; the COVID lockdowns in China and their effect on the global supply chain; Facebook parent Meta to lay off 11,000 workers and Elon Musk’s mercurial leadership of Twitter; the trials of Oath Keepers for seditious conspiracy relative to the January 6 Capitol attack; Russia’s attack on Ukrainian infrastructure; a ticket for the record $2 billion Powerball jackpot sells in California; and Florida braces for Tropical Storm Nicole 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

Tuesday, November 8, 2022

By Editor | by Editor

Audacy Third Quarter Net Revenue Falls 4%. The company reports Q3 net revenue of $317 million – a decline of 4% over the same period in 2021. Additionally, Audacy reports an operating loss of $151.9 million compared to operating income of $29.3 million in Q3 of 2021. The company reports a net loss of $141 million for the third quarter of 2022 compared to the net loss of $4.76 million it reported during the third quarter of 2021. Breaking down Audacy’s revenue by segment, it reports local and national spot business was $205 million, a decline of 7.2% over the same period in 2021. Digital revenue (including podcasting) was $62.7 million, an increase of 2.1% over Q3 of 2021. Network revenue was $23.7 million, up 0.9% over the third quarter of 2021. Audacy chairman, president & CEO David J. Field comments, “Our third quarter revenues declined 3.8% as advertising headwinds impacted company performance. Solid double-digit growth in streaming audio and digital marketing solutions were offset by declining radio revenues. Our radio revenues were negatively impacted by our concentration in the country’s largest markets as small to medium market radio outperformed large market radio by 8% during the quarter. We remain deeply focused on executing our action plan to navigate the storm and emerge healthy and strong. We completed the sale of $56 million in real estate to enhance our financial position with additional sales in the pipeline. We launched the next generation of our Audacy streaming platform with innovative features including segment chaptering of live spoken-word radio shows. Since launch, digital listeners are up 25% while registrations have increased 15% and we have high expectations for the impact of the new platform on our future growth. We also continue to make progress on core strategic growth drivers such as national enterprise business development and our ad tech product roadmap to open important pools of demand and accelerate future performance. Looking beyond the challenging current macro environment, Audacy has been transformed into a leading, scaled multi-platform audio content and entertainment company, better able to serve listeners and customers than ever before. We are excited by the opportunities ahead and are deeply focused on continuing to best position the company to compete for significant growth in the dynamic audio market.”

Audio Pros Gather at FOX News for Reception. Pictured above are (from l-r) “FOX Across America” host Jimmy Failla, Westwood One SVP, head of operations Tim Seymour, FOX News Audio account manager, affiliate sales & marketing Tamara Karcev, and TuneIn chief content officer Kevin Straley at FOX News headquarters in New York as FOX hosted the reception to showcase its collection of radio and podcast offerings with media pros in town for the NAB Show New York last week. FOX News Audio vice president John Sylvester along with hosts Brian Kilmeade, Guy Benson, and Jimmy Failla spoke during the cocktail reception.

Talk Host Austin Petersen Joins Missouri’s ‘Real Talk’ Network. Former KWON, Jefferson City, Missouri morning drive talk host Austin Petersen – a former Libertarian candidate for president and U.S. Senate – joins Ellis Broadcasting & Media LLC’s “Real Talk” format as host of the 2:00 pm to 3:00 pm show. The programming airs on a
number of Missouri radio stations including: KXEN-AM, St. Louis; KRTK-FM, Hermann; KVMO-FM, Vandalia; and KRTE-FM, Steelville. Petersen says, “I can’t wait to take on this new challenge and get the chance to talk about the big issues with the good people in the St. Louis region. It’s a huge opportunity and I couldn’t be more grateful. You can expect hard-hitting interviews, freedom rants, and plenty of jokes and fun. I love gold, guns, freedom and my smokin’-hot, redheaded wife. We’ll look at the issues from all angles. We’ll think outside the box, avoid groupthink, and declare our independence from the tyranny of big government. Most of all, we’ll make freedom fighting fun again!” The network is owned and operated by the husband and wife team of Rick and Tracy Ellis. Tracy Ellis says, “When Rick and I started the ‘Real Talk Radio Network’ it was always important to us to make sure our listeners were kept up to date not only on local news and politics, but throughout the state of Missouri. We have followed Austin Petersen for some time and with his home base in Jefferson City, we felt he was the perfect fit to the puzzle at ‘Real Talk.’ Many local politicians came to us directly and spoke highly of Austin and how much they enjoyed being on his former show and would love to hear him on our stations.”

TALKERS News Notes. Announcing its coverage of the midterm elections, SiriusXM says it is presenting programming on its original political channels – Patriot, P.O.T.U.S. and Progress – with team coverage that extends from its regular daytime schedule into new live primetime and overnight programming. Additionally, on SiriusXM Triumph, starting at 9:00 pm ET Megyn Kelly will host a special live, commercial-free edition of her program on which she’ll share her perspective and analysis of election results as they come in, and will speak with leading experts and political observers. The Urban View channel, which focuses on issues affecting the African-American community, will also be live with special programming from 8:00 pm – 12:00 am ET…..PodcastOne is partnering with original “Friday Night Lights” cast members Zach Gilford, Scott Porter and self-proclaimed “Friday Night Lights” superfan Mae Whitman for an exclusive podcast and vodcast, “It’s Not Only Football: Friday Night Lights and Beyond” that debuts on Thursday (11/10). Each week, the trio will break down an episode of “Friday Night Lights,” giving listeners and viewers exclusive, behind-the-scenes stories and the latest going on in their lives. Episodes will feature guests that range from fellow cast members to close friends and colleagues…..Virtual News Center adds Flagler Broadcasting’s WBHU, St. Augustine Beach, Florida to its growing list of affiliate radio stations. Virtual News Center will provide local newscasts anchored by Amy Cherry with daily reporting from Rich Petschke.

Midterm Elections/Trump in 2024, The Economy, Elon Musk & Twitter, Russia-Ukraine War, January 6, Powerball Delay, and Subtropical Storm Nicole Among Top News/Talk Stories Yesterday (11/7). Today’s midterm elections that will determine control of the House and Senate for the next two years and former President Donald Trump’s teasing his bid for the White House in 2024; inflation and fears of a recession; the uncertain state of Twitter in Elon Musk’s second week as owner of the social media platform; Ukrainians and Europeans brace for a long, cold winter as Vladimir Putin continues his war; the Oath Keepers on trial for seditious conspiracy related to the January 6 Capitol attack; the record $1.8 billion Powerball jackpot drawing is delayed due to “security protocol issue”; and the development of subtropical storm Nicole 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, November 7, 2022

By Editor | by Editor

Beasley Broadcast Group Q3 Net Revenue Rises 1.5%. Financial data from Beasley Broadcast Group’s third quarter of 2022 reveals net revenue of $63.8 million – an increase of 1.5% over the same period in 2021. The company reports operating income of $4.7 million in the third quarter of 2022 compared to $4.9 million in the third quarter of 2021. It says this slight decrease was driven by a $1.2 million increase in corporate expenses related to investments in its digital business as well as severance expense, partially offset by a year-over-year increase in Station Operating Income (SOI, a non-GAAP financial measure). Beasley reports net income of $500,000 compared to the net loss of $1.6 million it reported during the same period a year ago. Station operating income increased by 5.1% to $12.3 million in the third quarter of 2022, up from $11.7 million in the third quarter of 2021. The company says the increase is primarily attributable to higher net revenue, which more than offset higher operating expenses. Chief executive officer Caroline Beasley says, “Beasley delivered another strong period of operating and financial performance, reflecting the ongoing success of our digital transformation and revenue diversification strategies. Top-line growth was the primary factor contributing to a 5.1% year-over-year increase in SOI to $12.3 million and was driven by continued strength in local audio advertising and impressive growth in our digital business. Regarding the economic environment, like many companies, we are managing through some challenging market conditions with a focus on what we can control. We continue to experience increased volatility in national spot advertising, which accounted for approximately 15% of our third quarter net revenues. The ongoing strength of our digital and local audio advertising revenues is helping us to partially offset these declines. We are also taking actions on the expense side, and have implemented approximately $10 million in expense reductions, of which roughly half were from a reduction to headcount. Digital remains a key component of our revenue diversification strategy. Digital revenue increased 23.1% year-over-year representing 16% of total third quarter revenues, while our digital margin improved. Our digital performance benefitted from a first full quarter contribution from the white label digital agency we acquired in late June, which we believe will continue to accelerate our digital revenue growth and provide meaningful synergies with our growing digital platform. In both the second and third quarters, digital revenue accounted for a larger share of our revenue than national advertising, and we expect this revenue source to continue offsetting national spot weakness in the coming quarters. Total outstanding debt as of September 30, 2022 was $290 million. In summary, we believe these results demonstrate the strength and relevance of our industry-leading audio and digital content, as well as our teams’ extraordinary efforts to serve our listeners, customers and communities through challenging circumstances. And while we cannot control how the economic situation evolves in the coming months, we have already taken decisive steps to mitigate the impact of near-term headwinds and drive continued progress against our long-term growth strategy. Looking ahead, we will continue to focus on maximizing our growth opportunities, managing our expenses and capital structure, serving our audiences and advertisers and delivering results for our stockholders.”

Monday Memo: Your Podcast ‘Bones.’ Like your on-air work, your podcast is a show. And consultant Holland Cooke figures that “as a professional broadcaster, you enter the on-demand audio arena advantaged over others…BUT…” In this week’s column, HC cautions that – given the way podcasts are consumed – your format is critical. Read it here.

 

Greg Renoe Promoted to Market Manager for Cumulus Columbia/Jefferson City. The company promotes Greg Renoe from his general sales manager position with the Columbia and Jefferson City, Missouri clusters to vice president and market manager. The station groups consist of news/talk KFRU, Columbia and news/talk KLIK, Jefferson City plus five music brands. Cumulus Media SVP of operations Mark Sullivan says, “Greg’s long-standing relationships with our staff, key advertisers, and civic leaders, together with his deep knowledge of the market and effectiveness as a leader, have earned him this promotion. I look forward to his continued success with our organization in Middle Missouri.” Renoe adds, “I’m excited to have the opportunity to lead the Cumulus team here in Middle Missouri. I’m looking forward to the challenges ahead and sharing in many successes with my co-workers. There is no end to what we can accomplish together with our collective vision for these incredible assets.”

iHeartMedia Names Doug Hall Digital PD for LA and SF. Digital media pro Doug Hall is named regional digital program director for iHeartMedia’s Los Angeles and San Francisco clusters. Hall has been serving with the national iHeartRadio team as a senior digital director out of the Nashville headquarters. In this new role, Hall will be responsible for the strategy, audience growth, and maximizing iHeartMedia’s digital platforms in these markets. Hall will report to John Peake, SVP of programming for iHeartMedia Los Angeles. Peake says, “Our iconic Los Angeles audio brands and on-air talent are the engines that are driving unprecedented digital growth. I’ve watched Doug grow and evolve from his time in promotions to leading winning teams in San Francisco, Miami and Nashville. We are fortunate to have him leading our LA digital efforts and rejoining the team in San Francisco.” Hall comments, “I’m excited for this full circle moment, coming back to Los Angeles, where it all started. I can’t wait to dive in and help both our Los Angeles and San Francisco markets continue to grow and innovate in the digital space.”

Megan Marcus Returns to Paramount as VP of Podcast Editorial. Producer and journalist Megan Marcus is named vice president of podcast editorial at Paramount where she will oversee content for CBS News’ slate of podcasts. In this new role, Marcus will oversee the full creative slate for CBS News podcasts in addition to working on editorial across all Paramount global podcasts. This marks a return to CBS News for Marcus, who produced the first two seasons of Mo Rocca’s award-winning podcast “MOBITUARIES” and also worked closely with the CBS News team. Paramount EVP of podcasting and audio Steve Raizes says, “Megan is a dynamic producer and leader in the podcasting field. She did an incredible job guiding ‘MOBITUARIES’ to the top of the podcast charts and is already at work on our current and future slate of CBS News Audio properties.”

Broadcasters Foundation of America Launches Year-End Giving Campaign. The Broadcasters Foundation of America is launching its annual year-end giving campaign. The appeal asks for tax-deductible donations to provide financial assistance to people in broadcasting whose lives have been shattered by debilitating illness, accident, or catastrophe. BFoA president Tim McCarthy says, “Our grantees are your colleagues. They are hard-working men and women who through no fault of their own need our help. Requests for aid continue to increase every year. We cannot turn our backs on those in our industry who need our help.” This year, the Broadcasters Foundation will award close to $2 million in monthly and one-time emergency grants. Since 2017, monthly grants have increased 70% and more than 600 emergency grants have been awarded. Over the past 20 years, the Broadcasters Foundation has distributed more than $15 million to broadcasters in need. Broadcasters Foundation board of directors chairman Scott Herman adds, “Disaster often strikes without notice and extreme circumstances can deplete a life’s savings quickly. We need everyone in radio and TV to spread the word about the Foundation’s charitable mission across their station and company, in case they or someone they know needs our help.” More information, including how to make a personal or corporate donation or apply for aid is available at www.broadcastersfoundation.org, and by contacting the Foundation at 212-373-8250 or info@thebfoa.org.</p

Midterm Elections/Trump in 2024, The Economy, Russia-Ukraine War, Elon Musk & Twitter, Daylight Saving Time Controversy, Astros Win World Series, and Powerball Jackpot Among Top News/Talk Stories Over the Weekend. Tuesday’s midterm elections and the battle for control of the House and Senate, combined with expectations that Donald Trump will announce his bid for the 2024 Republican nomination shortly; inflation and concerns about a recession; Russia’s targeting of Ukraine’s infrastructure as the war grinds on; Elon Musk’s mercurial leadership tactics as owner of Twitter; the debate over Daylight Saving Time and whether to make it permanent in the U.S.; the Houston Astros beat the Philadelphia Phillies in the World Series; and the now $1.9 billion Powerball jackpot were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Friday, November 4, 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, “Trick or Tweet,” looks back at this past week of 10/31-11/4. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Dr. Murray Sabrin, professor emeritus of finance, Ramapo College, NJ; Mark Davis, talk show host, 660 AM The Answer, Dallas/Fort Worth; Bobbie Winston a.k.a. La Femme Bobbie, musician/artist/American ex-pat, Rio de Janeiro; Renee Kohanski, M.D., forensic psychiatrist/podcaster, Somerset, NJ; Matthew B. Harrison, Esq., associate publisher, TALKERS/law professor, Springfield, MA. The show airs 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 episode, please click here. To view the latest TALKERS topic research, please click here.

iHeartMedia Q3 Revenue Up 7%. Reporting its financial data for the third quarter of 2022, iHeartMedia says revenue was $989 million, an increase of 7% over the same quarter a year ago. The company is also posting an operating loss of $211 million for the third quarter of 2022 compared to the operating income of $80 million it reported for Q3 of 2021. Additionally, iHeartMedia reports a net loss of almost $310 million compared to the net income of $3.6 million it posted in the third quarter of 2021. iHeartMedia breaks its operations into three segments. Third quarter results for those segments are as follows: the Multiplatform Group that includes its radio stations and program networks was basically flat with a revenue increase of 0.1% “as a result of increased political advertising revenue as 2022 is a midterm election year, partially offset by a decrease in revenue due to a more challenging macroeconomic environment. Broadcast revenue grew $2.1 million, or 0.4% year-over-year, driven by higher political advertising revenue and an increase in trade and barter revenue, partially offset by lower spot revenue, while Networks declined $(0.7) million, or 0.5% year-over-year.” The Digital Audio Group was up 23.4% on revenue of $254 million. This group’s revenue increased by $48.2 million compared to the prior year, “including growth from Digital, excluding Podcast revenue, which grew $21.1 million to $162.7 million, driven by increased demand for digital advertising as well as Podcast revenue which increased by $27.1 million to $91.3 million, driven by higher revenues from the development of new podcasts as well as growth from existing podcasts. Digital Audio Group revenue increased as a result of general increased demand for digital advertising and the growing popularity of podcasting.” And the Audio & Media Services Group was up 17.7% on revenue of $77.8 million. Chairman and CEO Bob Pittman says, “We’re pleased to report another quarter of solid operating results for iHeart, and our performance in the midst of the current climate of economic uncertainty is a strong indication of the successful transformation this company has undergone in which our high-growth digital revenues comprises 26% of total company revenues. Our Digital Audio Group continues to deliver industry-leading growth, and our Multiplatform Group has again demonstrated its resiliency during a difficult economic environment. We believe the strong positions of both of these groups with both consumers and advertisers give us the ability to both navigate through this period of economic uncertainty and position us for continued growth through the recovery and beyond.”

Salem Media Group Total Revenue Rises 1.3%. The company reports that its total revenue for the third quarter of 2022 was $66.9 million, an increase of 1.3% over the same period in 2021. Salem Media Group also reports an operating loss of $8.8 million compared to operating income of $15.8 million in Q3 of 2021, and a net loss of $11.9 million compared to the net income of $22.1 million is reported during the same period in 2021. Salem presents its financial data in three segments. The Broadcast segment reports revenue of $51.1 million, an increase of 3.1% over Q3 of 2021, Digital Media revenue was $10.2 million, down 4.3% from the third quarter of 2021, and Publishing revenue was $5.5 million, a decrease of 3.7% from the same period a year ago.

Round Four of October PPMs Released. The fourth and final round of ratings data from Nielsen Audio’s October 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 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 the Raleigh market, iHeartMedia’s news/talk WTKK-FM tacks on three-tenths to wrap the survey with a 9.1 share that puts it in the #1 spot, while Curtis Media Group’s news/talk WPTF sheds one-tenth for a 1.8 share finish to remain ranked #15. The top dogs in Milwaukee flip as iHeartMedia’s news/talk WISN adds a full share for a 10.6 share finish that lifts it from #2 to #1, while Good Karma Brands’ WTMJ loses 1.9 shares for an 8.1 share finish that drops it from #1 to #4. Cumulus Media’s news/talk WPRO-AM/WEAN-FM, Providence adds on nine-tenths for wrap the survey with a 6.4 share that lifts it from #6 to #5. And in Jacksonville, Cox Media Group’s WOKV-FM is up one-tenth to a 7.9 share good for the #3 rank in the market. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as the previous three groups) here.

Comrex Unveils New BRIC-Link III Audio Codec. The company officially unveils BRIC-Link III – the newest addition to its popular BRIC-Link family of codecs. Comrex says there are more than 10,000 BRIC-Link codecs circulating world-wide, and BRIC-Link III is an updated version that takes advantage of the latest improvements in IP audio transmission technology. BRIC-Link III is a true codec, offering a full-duplex stereo encoder and decoder in each box. A jitter buffer manager is incorporated that automatically balances delay and stability, dynamically increasing and decreasing delay based on network performance. BRIC-link III offers a wide range of encoding algorithms including stereo and mono linear mode, FLAC modes, AAC/HE-AAC modes, Opus, G.722 and G.711. BRIC-Link III features a new, more powerful processor for improved reliability. It also features enhanced front panel indicators, including four buttons which will trigger contact closures by default and configurable for auto-connections to other Comrex IP audio codecs. BRIC-Link III is compatible with all other Comrex IP audio codecs, including the ACCESS codec line as well as older BRIC-Link models. BRIC-Link III also works with Gagl, a new service now available for purchase for audio contribution. Gagl turns any Comrex IP audio codec into a hub for up to five remote participants. Like other BRIC-Link codecs, BRIC-Link III includes CrossLock VPN technology, Comrex’s proprietary suite of reliability tools. In addition to bonding technology, CrossLock also includes a Redundancy Mode for mission-critical applications. BRIC-Link III can take advantage of HotSwap, meaning that users can set a 4G/5G modem as a backup connection to only be engaged when the primary internet fails, providing an extra layer of reliability. Customers can also choose to purchase an optional one-time license per codec to utilize SwitchBoard, a private server that Comrex maintains which allows for easy connections between IP codecs. You can get more information on this and other Comrex products here.

GAB Radio Talent Institute Returns to University of Georgia. The RAB’s National Radio Talent System announces the return of the GAB Radio Talent Institute at the Grady School of Journalism at the University of Georgia. The institute takes place in person May 15 – 24, 2023 thanks to sponsorship from The Georgia Association of Broadcasters. The talent incubator spans 10 days and is led by broadcast professionals that bring their real-world industry knowledge from around the state and country to educate students. RAB says that college students from universities throughout the state and region apply to be accepted into the GAB Radio Talent Institute. This provides an ideal networking pool for the students and a wide variety of potential interests within the classroom for industry professionals to identify and actively recruit from. Upon completion of the Institute, students can further their networking capabilities with the ability to access the National Radio Talent System’s Career Center. RAB president and CEO Erica Farber states, “We are delighted to have the GAB Radio Talent Institute make its return after a three-year hiatus due to the pandemic. Collaborating with Bob Houghton and the Georgia Association of Broadcasters enables us to bring this world-class program to life in the southeast and further develop the next generation of broadcasters.”

TALKERS News Notes. Inside Towers’ Leslie Stimson writes an interesting piece about the FCC’s creation of a Space Bureau. Stimson writes that FCC Chairwoman Jessica Rosenworcel announced the move at the Satellite Industry Association meeting yesterday (11/3). “She said the growth of satellite broadband internet plays a big part in why the agency is making the move. ‘Ninety-eight percent of all satellite launches in 2021 were deployed into low-earth orbit to provide internet connectivity back here on Earth. They can help advance the FCC’s goals to connect everyone, everywhere,’ Rosenworcel said. ‘More than that, the success of these low-earth orbit communications satellites could be seen as an early litmus test for the broader commercialization of space.’” Read Stimson’s entire piece here…..Three Hillsdale College students have won national College Broadcasters, Inc. awards for their work with “Radio Free Hillsdale 101.7 FM.” The awards were announced at the National Student Electronic Media Convention in Baltimore. Sophomore Lauren Smyth placed first in Best Newscast or Sportscast category for “Lauren Smyth News,” senior Josh Barker placed third in Best Hard News Reporting for his feature “The Policy Corner: Michigan Voting Laws,” and Rachel Kookogey (class of ’22) received both first and second place for two segments of her feature, “Sports Story Time.” WRFH general manager Scot Bertram says, “I’m very proud of our students for their well-deserved wins. It is great to see our students being recognized on the national level for their continued hard work and dedication.”…..SiriusXM announces its play-by-play coverage of the 2022-23 college basketball season that begins Monday (11/7). The opening night schedule features 24 teams from the men’s Associated Press Top 25, including defending national champion and #5-ranked Kansas facing Omaha and top-ranked North Carolina, coming off their 12th National Championship appearance, hosting UNC Wilmington…..Host Bethenny Frankel, the most successful business mogul to emerge from “The Real Housewives” franchise, and iHeartPodcasts launch a first-of-its-kind rewatch podcast titled, “ReWives.” Frankel, formerly of Bravo’s “The Real Housewives of New York,” breaks down the franchise that launched her career. In each episode, she’s “joined by unexpected celebrity guests ranging from superfans to Housewives newbies for hilarious conversations and surprising insight on real topics.” “ReWives” premieres on November 14 with Elisabeth Moss as Frankel’s first guest. New episodes will post each Monday with additional guests including Jerry Springer, Suze Orman, Kevin Nealon, Dave Portnoy, Griffin Johnson and more.

Broadcaster Raising Awareness of Need for Organ Donors. Western Massachusetts broadcaster and public relations pro Mark Auerbach (pictured) is revealing his battle with kidney disease in an effort to raise awareness of the need for organ donors. Auerbach hosts “ArtsBeat,” “On The Mark” and “Athenaeum Spotlight” on WCPC15 and 89.5fm/WSKB. He’s also the ArtsBeat reporter for Pioneer Valley Radio. On today’s program that you can see here, Auerbach reveals his battle with Stage 5 kidney disease and the need for donors. Auerbach says people can help by taking any of three steps: 1) becoming an organ donor upon your death; 2) consider donating while you’re alive (get details at kidney.org); and 3) donating to him at Mass General Hospital’s living donors program (https://mghlivingdonors.org/).

Politics and Midterms Top News/Talk Story for Week of October 31 – November 4. The politics leading up to Tuesday’s midterm elections were the most-talked-about story on news/talk radio, landing atop the Talkers TenTM. At #2 this week was the economy combined with the Fed’s rate hike, followed by the aftermath of the Pelosi home invasion 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

Thursday, November 3, 2022

By Editor | by Editor

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.

Front Page News Industry News

Wednesday, November 2, 2022

By Editor | by Editor

Round Two of October PPMs Released. The second of four rounds of ratings information from Nielsen Audio’s October PPM survey has been released for 12 markets including Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. 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 Washington, although Hubbard Broadcasting’s all-news WTOP added nine-tenths for a 9.0 share (6+, weekly AHQ share), it remains locked in the #2 spot, while Cumulus Media’s news/talk WMAL-FM drops four-tenths for a 4.1 share finish that keeps it ranked #7. iHeartMedia’s news/talk WRKO, Boston is steady with a 3.8 share and remains ranked #9 while sister all-news WBZ-AM is also unchanged at a 5.3 share and continues in the #5 spot. In Seattle, Bonneville’s sports talk KIRO-AM tacks on six-tenths for a 7.6 share and holds the #1 spot for a second straight month while sister news/talk KIRO-FM adds half a share for a 7.1 share finish lifting it to the #2 rank. You can see Mike Kinosian’s complete Ratings Takeaways for this group of markets (as well as the first round) here.

SiriusXM Reports Third Quarter Net Revenue Up 4%. Reporting its third quarter 2022 financials, SiriusXM says its revenue was $2.28 billion, an increase of 4% over the same period in 2021. Net income was down from $343 million in Q3 of 2021 to $247 million in Q3 of this year. The company says it added 187,000 self-pay subscribers during the quarter. Chief executive officer Jennifer Wirtz comments, “We are pleased to report third quarter results that reflect strong execution during the period while leaning into investments designed to ensure SiriusXM will thrive long-term. This quarter we focused on enhancing the listener experience and expanding our unparalleled stable of programming and talent to continue providing our subscribers with the best in audio, both in-car and in the SXM App. From live sports and election coverage to exclusive artist channels and live Small Stage performances, we are thrilled to offer a diverse and differentiated content slate paired with technology that makes it easier than ever to discover new favorites.”

Radio Hall of Fame Inducts Class of 2022. The 2022 Radio Hall of Fame inductees were inducted at a ceremony last night (11/1) at Chicago’s Radisson Blu Aqua Hotel. This year’s inductees were: “Broadway” Bill Lee, WCBS-FM, New York (inducted by Beth Bacall); Carol Miller, WAXQ-FM, New York (inducted by Jim Kerr, a 2018 inductee); Chris “Mad Dog” Russo, SiriusXM (inducted by Stephen A. Smith); Ellen K, KOST-FM, Los Angeles (inducted by Ryan Seacrest, a 2018 inductee); Jeff Smulyan, chairman & CEO, Emmis Communications (inducted by Rick Cummings); Lon Helton, “Country Countdown USA” (inducted by Charlie Cook); Marv Dyson, radio executive (accepting on his behalf were Marv’s son Victor Dyson and Elroy Smith); Suzyn Waldman, WFAN & NY Yankees Radio Network (inducted by Mike Francesa, a 2018 inductee); and Walt “Baby” Love, Gospel Traxx (inducted by Donnie Simpson, a 2020 inductee). Also honored on stage was Mark Thompson, co-host of “Mark & Brian,” and a 2020 inductee. The evening was emceed by KFI, Los Angeles morning star Bill Handel who is pictured here (left) with Radio Hall of Fame co-chair Kraig Kitchin (right). Photo: David Kindler Photography

Baseball Legend Ron Cey Launches New Show with CRN Digital Talk Radio. Baseball legend Ron Cey is joining CRN Digital Talk Radio to host the new program, “We’ll See About That with Ron Cey,” that will be heard Saturdays at 2:00 pm ET. CRN Digital president and CEO Michael Horn says, “One of the iconic stars of the Los Angeles Dodgers and a fan favorite on any team, we are thrilled to have Ron Cey join the CRN team. Ron is entertaining! He brings his expertise and unique perspective to radio and is ready to talk about sports, newsmakers and tell stories that will inspire you!” Joining Cey on his inaugural broadcast is Dodger Hall of Fame broadcaster Jaime Jarrin, who recently retired after being known as the “Spanish Voice of the Dodgers” for 63 years.

Triton Digital Releases Top Streamers for September 2022. The ranking of streaming publishers for September from Triton Digital is released and in the U.S. (6AM-12AM Mon-Sun), iHeartMedia continues its hold on the #1 spot. Based on Average Active Sessions, iHeartMedia is far and away the top dog with 304,338 AAS. At #2 is NPR Member Stations (68,620 AAS), followed by Audacy at #3 (63,410 AAS) and Cumulus Streaming Network at #4 (42,246 AAS). Some of the other radio-centric companies making the ranker are Beasley Broadcasting Corporate at #7 (19,129 AAS), Hubbard Broadcasting at #8 (14,566 AAS), and Salem Communications at #10 (8,568 AAS). This Triton ranker only includes clients that participate for the full month for which the ranker is being released. You can see the complete ranker of the top 25 streaming publishers here.

TALKERS News Notes. The NFL’s Chicago Bears will be heard on Good Karma Brands’ WMVP-AM “ESPN Chicago” beginning with the 2023 season. In addition to operating and distributing the Bears Radio Network, “ESPN 1000” will add pre- and post-game programming as well as create unique content to air on its local shows. GKB SVP and Chicago market manager Keith Williams says, “The Chicago Bears are a best-in-class organization, and we are excited to partner with a charter franchise of the NFL. We are dedicated to delivering a top-notch broadcast for our partners and fans around the Midwest and the world. Our teammates are eagerly anticipating the opportunity to get started and execute at the highest level.” “ESPN 1000” director of content Danny Zederman adds, “‘ESPN Chicago’ is thrilled to be adding the Chicago Bears to our play-by-play roster alongside the Chicago White Sox. Our on-air talent is incredibly passionate about our hometown team, and that passion will show within and beyond the in-game broadcasts, integrated throughout our programming year-round.”…..This past weekend, Penn State and the National Football Foundation & College Hall of Fame jointly honored FOX Sports Radio’s LaVar Arrington – co-host of the network’s weekday morning program, “Two Pros and a Cup of Joe,” with Brady Quinn and Jonas Knox, and co-host of the nationally-syndicated weekend program/podcast, “Up On Game,” with TJ Houshmandzadeh and Plaxico Burress – with an NFF Hall of Fame On-Campus Salute during halftime at the Penn State vs. Ohio State game at Beaver Stadium. Arrington was recognized for his time at Penn State and his upcoming induction into the College Football Hall of Fame in December 2022.

Midterm Elections/Trump 2024, The Economy/Fed Rate Hike, Pelosi Attack Aftermath, January 6/Trump Legal Issues, Russia-Ukraine War, Israeli Politics, RSV Cases Among Top News/Talk Stories Yesterday (11/1). The midterm elections and the fight for control of the House and the Senate tied with former President Donald Trump’s expected run for president in 2024; inflation, fears of a recession and the Fed’s expected interest rate hike; the conspiracy theories surrounding the attack on Paul Pelosi; subpoenas issued in the January 6 investigation and Trump’s other legal issues; Russia’s assault on Ukrainian infrastructure and its weapons deals with Iran; Benjamin Netanyahu’s bid for a third term as Israel’s prime minister; and the soaring rate of RSV in the U.S. were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.