Thursday, November 3, 2022
Urban One Net Revenue Up 8.9% in Q3 of 2022. The company issues its third quarter 2022 financial data and reports net revenue of approximately $121.4 million, an increase of 8.9% from the same period in 2021. Urban One reports net income of approximately $4.2 million compared to the net income of $13.9 million it reported in
the third quarter of 2021. The company says broadcast and digital operating income was approximately $50.8 million, an increase of 3.5% over the same period in 2021. Urban One CEO and president Alfred C. Liggins, III says, “Q3 was another very solid quarter, during which we grew both revenues and Adjusted EBITDA. 
Following a soft July for radio advertising, August and September rebounded and we finished the quarter +1.4% on a same station basis, and -1.3% excluding political. Same station radio pacings for Q4 excluding digital are currently +16.0% including political and +0.1% excluding political. Layering in the recent Indianapolis acquisition should push radio revenues to a double-digit percentage increase for Q4. Political spending has steadily gathered momentum, and we anticipate net political advertising revenues to be between $12-$13 million, of which radio is $9-$10 million, which is significantly ahead of both our budget and the 2018 cycle. Our cable TV business had another successful broadcast upfront season, and we were able to increase both our CPM’s and total dollars committed. Our Digital segment posted growth of approximately 40% in both revenue and Adjusted EBITDA as demand for our audience and digital products remained strong. Our liquidity and leverage profile remained robust, and we continued to opportunistically repurchase our 7.375% bonds in the open market.”
Saga Communications’ Third Quarter 2022 Net Revenue Rises 3.9%. Third quarter 2022 financial results for Saga Communications, Inc. reveal net revenue of $30 million – and increase of 3.9% over the same period in 2021. Station operating expense increased 2.8% for the quarter to $22.3 million compared to the same period last year. For Q3 of this year, station operating income increased 4.1% to $8.9 million, and
operating income was $1.1 million compared to $4.6 million for the same quarter last year. Free cash flow was $1.6 million for the quarter compared to $4.0 million for the same period last year. Saga reports a net loss of $104,000 for the quarter compared to net income of $3.5 million for the third quarter last year. The company says, “Despite strong underlying performance the results were impacted by one-time payments related to the passing of our founder Ed Christian. As a result, the company is required to make several payments to his estate as outlined in his employment agreement. These expenses were accrued as of September 30, 2022 increasing the reported corporate general and administrative expense line item by $3.8 million for both the quarter and nine-month period ended September 30, 2022. Without these expenses operating income would have increased 5.8% to $4.9 million, free cash flow would have increased 36.5% to $5.4 million and net income would have increased 7.9% to $3.7 million.” Saga’s balance sheet reflects $58.3 million in cash and short-term investments as of September 30, 2022 and $45.3 million as of October 31, 2022.
Round Three of October PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s October 2022 PPM survey has been released for 12 markets including Portland, Charlotte, San Antonio Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. Nielsen’s October 2022 sweep covered September 15 – October 12. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Portland, Alpha Media’s news/talk KXL-FM drops 1.1 shares to finish with a 7.3 share (6+, weekly AQH share) but remains ranked #4 in the market, while iHeartMedia’s crosstown news/talk KEX adds four-tenths to wrap the survey with a 3.9 share that lifts it to the #9 rank. iHeartMedia’s news/talk WOAI, San Antonio stays ranked #10 after dipping three-tenths for a 3.6 share, while Alpha Media’s crosstown news/talk KTSA sheds one-tenth for a 3.3 share finish and falls to the #12 rank in the market. In Salt Lake City, iHeartMedia’s news/talk KNRS-AM/FM puts up seven-tenths for a 12.3 share that cements its #1 rank as Bonneville’s crosstown news/talk KSL-AM/FM adds six-tenths for a 7.3 share finish that puts it in the #2 slot. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as the first two rounds) here.
Andrew Colton to Host Mornings on WIOD, Miami. Taking over for longtime South Florida broadcasting legend Jimmy Cefalo on January 9, 2023 as host of the morning program on iHeartMedia’s WIOD “NewsRadio 610 AM” is Andrew Colton. He comes to iHeartMedia from his most recent work as CEO of Colton Legal Media Worldwide.
He’s also been an award-winning national correspondent for ABC News, CBS Newspath, and hosted the nationally syndicated “Wall Street Journal This Morning” program. Cefalo will continue to provide commentary on WIOD as well as his role as play-by-play announcer for the Miami Dolphins. “South Florida First News with Andrew Colton” will include veteran news anchor Nathalie Rodriguez, William Althoff with more news and sports, Doug Lindsay with traffic and the Weather Channel’s Ray Stagich. Vice president of news and AM programming Florida Region and iHeartMedia NTS brand coordinator Grace Blazer says, “Jimmy and Andrew both share a passion for news, information, commonsense, and our South Florida lifestyle. We are excited and fortunate to have Andrew Colton continue WIOD’s spoken-word tradition and digital expansion.”
Philadelphia Sports Radio Broadcasters Honored with Hall of Fame Inductions. Two Audacy Philadelphia sports radio personalities are being recognized for their contributions to the Philadelphia sports media landscape. Longtime WIP radio host Howard Eskin is being inducted into the Philadelphia Sports Hall of Fame on November
3. Eskin says, “It’s an honor to be selected and to be in such great company – really overwhelming. They say do what you love and you’ll never work a day in your life. As hard as I work, I have to admit, it is a labor of love.” Al 
Morganti, co-host of WIP’s morning show, is being honored by the Hockey Hall of Fame and will receive the Elmer Ferguson Memorial Award for excellence in hockey journalism. Morganti comments, “It’s the honor of a lifetime to be inducted in the Hockey Hall of Fame, and a huge part of any success I have had is because of the fans of Philadelphia. Having been on WIP for so many years and working at the Philadelphia Inquirer, I can attest that the emotional investment Philadelphia fans make to their teams makes everyone raise their game. Thank you!”
TALKERS News Notes. Legendary college basketball coach Mike Krzyzewski and SiriusXM ink a multi-year agreement for Krzyzewski to continue hosting his exclusive weekly SiriusXM show, “Basketball and Beyond with Coach K.” Krzyzewski has been
hosting the show since 2005 and today (11/3) the first episode of the show’s 18th season drops. Krzyzewski says, “This will be the first fall in nearly 50 years that I’m not on the sidelines, and I’m so pleased to extend my long relationship with SiriusXM and continue hosting ‘Basketball and Beyond.’ Having the creative freedom to do a really unique show has been incredibly important and rewarding to me. I can be a 
part of the national conversation on basketball, while also exploring interesting topics with a variety of guests who make an impact far beyond the basketball court.”…..Red Apple Audio Networks announces it is signing 17 stations to its affiliate roster, including 11 Saga Communications stations. The newly added stations are carrying shows hosted by Larry Kudlow, Rudy Giuliani, and Judge Jeanine Pirro, as well as Frank Morano, host of “The Other Side of Midnight.”…..Compass Media
Networks partners with Wisebuddah and its sister company imager – European providers of sonic branding, radio imaging and jingles. The London-based companies currently curate the sound of BBC Radio 1, BBC Radio 2, Bauer Media and Virgin Radio alongside dozens of radio stations (iHeartMedia, Alpha Media Group) in the United States.
Midterms/Trump in 2024, The Economy/Fed Rate Hike, Elon Musk’s Twitter, Russia-Ukraine War, and Pelosi Attack Aftermath Among Top News/Talk Stories Yesterday (11/2). The campaigning ahead of the November 8 midterm elections and expectations that former President Donald Trump will announce his 2024 presidential campaign shortly thereafter; the state of the U.S. economy and the Fed’s decision to hike interest rates again; the spate of celebs claiming they are leaving Twitter as a result of Elon Musk’s taking ownership of the social media platform; Russia’s war on Ukraine and its relationship with Iran, North Korea and China; and the conspiracy theories surrounding the attack on Paul Pelosi were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Monday Memo: Plan NOW For The Big Story. “When-the-fit-hits-the-shan, news/talk stations need to be conspicuous.” In this week’s column, consultant Holland Cooke uses that colorful quote as he provides four suggestions for stations to re-familiarize themselves with their network’s continuing coverage routine.” Read Holland Cooke’s column 
Pending Business: To Do Lists. Radio sales pro Steve Lapa knows the importance of being organized in running a sales department or being a seller in this business. He gains inspiration from Benjamin Franklin – an incredibly busy man known for creating “To Do” lists – in drawing up five important things he suggests you include in creating yours each day. Read it 
Hundred” an astounding 27 consecutive years, the highly affable “Jimbo” is calling it quits due to health reasons. Beginning next Monday (10/17), Rich Valdes will succeed Bohannon on the weeknight, three-hour (10:00 pm – 1:00 am) Cumulus Media Westwood One broadcast. Bohannon states, “It’s been a great 40 years with Westwood One – the last 30 of which as host of ‘The Jim Bohannon Show.’ I’ve enjoyed every minute of our daily nighttime town hall with my guests, callers, and all of America. “Now, I’d like to introduce Rich Valdes, a very bright, vibrant young man who will be taking over in the same tradition.” Cumulus Media executive vice president of corporate marketing/Westwood One president Suzanne Grimes remarks, “We celebrate Jim’s long radio history and all his achievements, including his induction into the NAB Broadcasting Hall of Fame; the First Amendment Award from the Radio Television Digital News Association; the Lifetime Achievement Award from TALKERS Magazine; and his inductions into the National Radio Hall of Fame and the Missouri Broadcasters Association Hall of Fame. We are especially proud that Jim has been an invaluable member of our Westwood One family these many years – he is truly an industry legend. As we pass the baton to Rich Valdes, we’re excited to bring a new name and voice to talk radio. We look forward to continuing our tradition of providing the best programming to our affiliates and listeners.” Valdes notes, “No one can ever fill Jim’s shoes. I consider it a blessing and great honor to be part of the next generation of late-night talk show hosts, following the tradition of Jim Bohannon and Larry King.” TALKERS founder/publisher Michael Harrison has a very candid conversation with Bohannon on PodcastOne’s “The Michael Harrison Interview,” which drops tomorrow (Tuesday, 10/11). Bohannon joined Westwood One in 1983 and spent over 31 years as host of the early morning weekday news magazine “America in the Morning” and previously hosted “America This Week.” He began his career in 1960 at KLWT-AM, his hometown station in Lebanon, Missouri.
market president Chris Oliviero, Scheld writes that “Audacy New York is in great hands.” Also included in the memo, Scheld states an Audacy arrangement with SAG-AFTRA signifies a new strategy, combining WCBS-AM’s resources with those of co-owned/similarly-formatted WINS. “[It’s] a plan I have endorsed and frankly helped design.” Scheld was a WCBS-AM reporter from 1987 – 1994 and rejoined the station in 2003, after a nine-year stint as a correspondent for ABC Radio News. In addition to his WCBS-AM duties, he’s chair of the Radio Television Digital News Association.
vice president/market manager Larry Blumhagen comments, “This is a bittersweet day for us, as it’s hard to say goodbye to the legendary KGO, which has been a part of listeners’ lives for so many years. We want to thank all the people who have been a part of KGO’s historic run these many years and the listeners who loyally tuned into the station. Times change, and we must change with them. We are excited about this new chapter and look forward to serving the Bay Area’s passionate sports fans in an incomparable way.” Cumulus San Francisco sports talk KNBR and KTCT program director Kevin Graham adds PD duties for “The Spread” and notes, “We are pleased to introduce sports-betting radio to our community. The station will feature a lineup of expert personalities that deliver unique sports talk and sports betting insights that entertain, inform, and engage. While [KGO] will feature specific gambling information, we believe our entertaining presentation will make it a favorite for all Bay area sports fans and a perfect complement to the legendary KNBR and KTCT.” The station’s weekday programming lineup includes: Joe Ostrowski, Joe Giglio, and Erin Hawksworth (6:00 am – 9:00 am); Jim Rome (9:00 am – 12:00 noon); Nick Kostos and Ken Barkley (12:00 noon – 4:00 pm); Quinton Mayo, Trysta Krick, and Ryan Horvat with “Bet MGM Tonight” (4:00 pm – 8:00 pm); and CBS Sports Radio (8:00 pm – 12:00 midnight). Among persons 6+ in Nielsen Audio’s September 2022 San Francisco sweep, KGO “810 AM” was up two-tenths from August 2022 (1.5 – 1.7, #21 to #20). In San Jose, KGO registers its fourth straight uptick for a combined +1.0 (1.7 – 2.0 – 2.2 – 2.6 – 2.7, 6+) and ranks #13.
Round Three of September PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s September 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 Audio’s September 2022 sweep covered August 18 – September 14. TALKERS managing editor Mike Kinosian presents his “Ratings Takeaways” from this group of 12 markets. News/talk packs a one-two punch (6+) in Salt Lake City, where iHeartMedia’s KNRS-AM & KNRS-FM “Talk Radio” erupts with a +2.5 (9.1 – 11.6, 6+) to rank on top for the eighth month in succession, while Bonneville-owned KSL “News Radio 102.7 FM & 1160 AM” adds six-tenths (6.1 – 6.7, 6+), advancing from fourth to second. In addition to SLC, the format registers number one showings in Sacramento with iHeartMedia’s KFBK-AM & KFBK-FM “News 1530 AM & 93.1 FM” gaining eight-tenths (8.1 – 8.9, third to first, 6+), and in Cincinnati, where co-owned WLW “700 Cincinnati’s News Radio” – despite being off six-sixths – is on top for the seventh consecutive month (11.7 – 11.1, 6+). Meanwhile, Cox Media Group-owned WDBO “Orlando’s News Talk” dials up a +1.3 (3.7 – 5.0, 6+) and enters the top ten (#11 to #8). The largest (6+) August 2022 – September 2022 increase by any station in the 36 PPM-markets whose data has been released thus far is in Columbus, where Tegna-owned sports talk WBNS-FM logs a +2.6 (6.8 – 9.4, 6+); “97.1 FM The Fan” vaults from fourth to first. You can see Mike Kinosian’s complete “Ratings Takeaways” for this group of 12 markets (as well as the first two groups) 
Drew as guest of honor/keynote speaker. An additional supplemental live on-air auction is still to be staged. According to “Hurley in the Morning” Charity founder/chair Harry Hurley (pictured at the right with Jeff Van Drew), “It was an amazing, ‘Who’s Who’ evening, which will directly benefit many worthy non-for-profit organizations throughout New Jersey and beyond. For example, this special event will make it possible for the “Hurley in the Morning Charity” to make a $7,000 contribution [next June] to The Broadcasters Foundation of America. Jeff Van Drew arrived early and was the last to leave.” To date, The Harry Hurley charity has donated $21,000 to the Broadcasters Foundation of America.” Hurley, who does morning drive (6:00 am – 10:00 am) on Townsquare Media Atlantic City news/talk WPGG “WPG Talk Radio 95.5 FM & 1450 AM,” reveals that Fox News Channel/Fox News Radio’s Brian Kilmeade will be guest of honor/keynote speaker September 29, 2023 at “our fifteenth annual Hurley in the Morning Charity Dinner and Silent Auction.”
director Brent Carl Fleshman won two first-place trophies at last week’s inaugural Tennessee Association of Broadcasting’s “Excellence Awards.” Fleshman was named “Best Local On-Air Personality” and “Best Local Talk Show” in the “Small Market Radio Division,” which consists of stations not in Nashville, Memphis, Knoxville, and Chattanooga.In 2016, Fleshman won the NAB Marconi Award as “Small Market Personality of the Year” and was a finalist for that award in 2019. … “Fridays with Frankie,” a limited-edition Audacy series hosted by reality show star Frankie Grande, debuted last Friday (10/7). 
Each episode will feature a different topic and will be live aired on Audacy’s digital platform at 8:00 am (ET) and replayed until 12:00 midnight (ET). The show will also air across Audacy’s Channel Q’s network of stations. … The Society of Professional Journalists names the headquarters of the Voice of America – 330 Independence Avenue SW in Washington, DC – as a Historic Site in Journalism. The Voice of America is the editorially independent international
broadcaster funded by the United States government. SPJ international community co-chair Dan Kubiske states that, “For 80 years, the Voice of America has been a source of solid and honest journalism. From its beginning in 1942, despite being a U.S. government agency, through custom, charters and law the editorial independence of VOA journalists has not wavered.”
