Tag: Talk Shows USA

Front Page News Industry News

Tuesday, May 10, 2022

By Editor | by Editor

Townsquare Media Reports Q1 Net Revenue Up 13%; Tops Pre-COVID Net Revenue by 7%. For the first quarter of 2022, Townsquare Media is reporting net revenue of $100.2 million, an increase of 13% over the same period in 2021 and an increase of 7% over the same period in Q1 of 2019. Townsquare is also reporting net income of 2.74 million for Q1 of 2022 compared to the loss of $6.1 million it reported in the first quarter of last year. Townsquare reports in three segments: 1) Subscription Digital Marketing Solutions – including its subscription digital marketing solutions business, Townsquare Interactive. That segment reported revenue of $21.8 million, an increase of 15% over Q1 of 2021; 2) Digital Advertising – marketed externally as Townsquare Ignite that includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. That segment reported revenue of $29.2 million, an increase of 16.6% over last year; and 3) Broadcast Advertising – including the company’s local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast (plus other miscellaneous revenue associated with the broadcast advertising platform). That segment’s revenue was $48.1 million, an increase of 7.7% over the same period a year ago. Townsquare CEO Bill Wilson states, “I am proud to announce our strong start to 2022, with net revenue, Adjusted EBITDA and net income increasing year-over-year by +13%, +10%, and $8.9 million, respectively. In addition, net revenue and Adjusted EBITDA exceeded our previously issued guidance due to strong growth and strong margins. As a Digital First Local Media Company, our first quarter performance was driven by our digital platform and solutions, with total digital revenue increasing +16% year-over-year in the first quarter (representing 51% of our total Q1 net revenue) and total digital Adjusted Operating Income increasing +11% year-over year (representing 55% of our total Q1 Adjusted Operating Income). As we move forward, we expect double-digit digital net revenue growth to continue at strong margins, fueling our overall growth and subsequent debt reduction, from 4.66x net leverage today to 4.0x by year end. We are also pleased to re-affirm our 2022 guidance and our 2024 digital revenue target of at least $275 million. These results and confidence in our outlook are due, in part, to the fact that Townsquare is the only local media and digital marketing solutions company of scale focused principally on markets outside of the Top 50 in the United States, a vital differentiator for our company. Our new reporting segments highlight the profit characteristics of our digital platform, which is essentially equal to those of our broadcast platform, each with profit margins of approximately 30%. While we view local radio as an extremely valuable asset with significant and attractive cash flow properties, unparalleled consumer reach, and an important and trusted local connection to our audience and communities, it is not our primary growth driver. With approximately half of our total revenue and profit coming from digital today, we have a strong digital growth engine that will drive significant and consistent growth in the coming years. It is our belief that as a Digital First Local Media Company providing a detailed breakout of our digital revenue and digital profit, Townsquare should be afforded a sum-of-the-parts valuation that gives credit to our digital assets.”

 

MIW Launches State Broadcasters Partnership Program. The non-profit organization Mentoring and Inspiring Women in Radio, Inc., dedicated to the advancement of female leadership in radio broadcasting, announces a new national program designed to create mentorship opportunities in every state in the union. This three-to-five-year strategic plan exponentially expands the organization’s mentoring outreach across the United States. The first pilot program partners MIW with the Minnesota Broadcasters Association to create, “Mentoring and Inspiring Women in Minnesota.” MIW’s long term plan includes establishing close working relationships with leadership from all interested state broadcasters associations and broadcasters across the country to create mentorship curriculums for female professionals in radio broadcasting. With MIW’s guidance, these state-centered programs will be based on the tenets, structure, and best practices of MIWs broad array of successful and established mentoring opportunities. MIW Board president Ruth Presslaff says, “This program is designed to dramatically expand our mentorship outreach. We couldn’t ask for a better first partner than president Wendy Paulson and the Minnesota Broadcasters Association as we work toward a mentee in every state. Cheers to the first. Forty-nine to go!” Find out more here.

 

TALKERS News Notes. When the Radiodays Europe conference takes place in Malmö, Sweden May 15-17, Beasley Media Group CEO Caroline Beasley will take part in two sessions. She will participate in a special one-on-one session titled, “American Regional Radio in the Digital Age,” hosted by Benztown president Dave “Chachi” Denes. In addition, Beasley will take part in the “Audio Summit” panel, featuring Sibyle Veil (CEO Radio France), Linda Pamgren (CEO Bauer Media Sweden) and Cathinka Rondon (head of Radio-NRK). The session will be moderated by Folder Media creative director Matt Deegan…..The nationally syndicated, weekend shooting sports program “Tom Gresham’s Gun Talk” adds WBIN Media’s WTPL-FM, Hillsborough, New Hampshire and Berkshire Broadcasting Corp’s WLAD-AM/W231DJ, Danbury, Connecticut to its roster of affiliate stations. The program is syndicated by Talk Shows USA…..Chicago-based MediaTracks Incorporated sells “Radio Health Journal” and “Viewpoints Radio” to American Urban Radio Networks, LLC. The two weekly public affairs programs are syndicated on a total of nearly 1,500 stations in more than 200 U.S. markets. Bob Heymann of the Chicago office of Media Services Group served as the exclusive broker for the seller in this transaction…..Audio content, marketing, and advertising services firm Gemini XIII, joins forces with Diversion Podcasts through an investment that will grow Diversion’s offerings under a new premium podcast network called Diversion Audio. Diversion Audio will become Gemini XIII’s content division. The division will leverage sister company Diversion Books’ publishing assets and author relationships to offer a focused content model it says is unique to podcasting: expanding IP from books, authors, and personalities into the podcast medium as original audio content across both high-frequency episodic shows and engrossing narrative limited series. Gemini XIII co-founder and CEO Spencer Brown says, “Through Diversion Audio, we will build upon the successful franchises and proven track record that Scott [Waxman] and his talented team have created at Diversion Podcasts. Together with our recent acquisitions of Phantom Producer and The Infinite Agency, Gemini XIII is well-positioned to optimize these premium assets and capabilities to build and grow a new breed of audio company. The creation of Diversion Audio advances that strategy considerably. We think podcast listeners and readers alike will love what they hear as we launch new podcasts tied to Diversion’s expansive intellectual property library.”

 

The Economy, Russia-Ukraine War, Roe v Wade, Midterms/Trump & the GOP, COVID-19, Vicky White/Casey White Manhunt, and Western Drought/Texas Wildfire Among Top News/Talk Stories Yesterday (5/9). The falling Dow and NASDAQ, the high price of gas & food, and concerns about a full-blown recession; Russia’s invasion of Ukraine and concerns about Vladimir Putin’s health and willingness to use nuclear weapons; the aftermath of the leak of a draft of the Supreme Court’s ruling to overturn Roe v Wade; the November midterm elections and Donald Trump’s influence over the GOP; the rate of cases, hospitalizations & deaths from COVID-19; the manhunt for Alabama corrections officer Vicky White and convict Casey White ends; and the drought in the U.S. West and the Texas wildfires 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

Thursday, February 24, 2022

By Editor | by Editor

KOA’s Mid-Morning Host Ross Kaminsky is This Week’s Guest on Harrison Podcast. One of talk radio’s leading thinkers in the realm of economics and foreign policy, Ross Kaminsky – heard 9:00 am to 12:00 noon on iHeartMedia’s news/talk giant KOA, Denver – is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” Kaminsky grew up as a Navy brat and has spent most of his adult life waving his hands and yelling on the market trading floors in Chicago after studying economics, foreign policy, and politics at Columbia University. In addition, he has been to over 60 countries which adds to his perspective on a wide range of talk topics. Harrison and Kaminsky discuss a variety of current topics including the Russia-Ukraine crisis, the pandemic, political correctness, education, the economy and the changing nature of communications media. To listen to the podcast in its entirety, please click here.

 

Cumulus Media Q4 2021 Revenue Rises 2.6%. Reporting its financial data for the fourth quarter of 2021 and for the whole of 2021, Cumulus Media Inc says Q4 net revenue was $252.3 million, an increase of 2.6% over the same period in 2020. Net income for the quarter was $17.6 million compared to the net loss of $249,000 posted in Q4 of 2020. For Cumulus, digital revenue was the savior in the fourth quarter. The company reports broadcast radio spot revenue of $121.8 million, down 4.8% from Q4 of 2020, and network revenue of $71.3 million, a year-over-year decrease of 1.8%. However, digital revenue was $35 million, an increase of 47.3% compared to Q4 of 2020. Looking at the whole of 2021, net revenue was $916.4 million, up 12.3% over the whole of 2020. Broadcast radio spot revenue was up 6.1% over 2020 and network revenue was up 8.5%. Digital revenue for 2021 was $126.8 million, an increase of 47.6% over 2020. Cumulus reports net income of $17.3 million for 2021 compared to the net loss of $59.7 million it posted for 2020. Cumulus Media president and CEO Mary G. Berner says, “2021 was a year of tremendous progress and accomplishment for Cumulus. We not only achieved meaningful revenue growth in core radio, delivered substantial growth in digital, and greatly improved our operating leverage through material fixed cost reductions, but we also further and significantly de-levered our balance sheet, and executed many initiatives which bolstered our position as a true audio-first media company. As we carry this momentum into 2022, we continue to see significant upside with multiple pathways to enhance shareholder value.”

 

Round Two of January 2022 PPMs Released. The second of four rounds of ratings data from Nielsen Audio’s January 2022 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 January 2022 sweep covered January 6 – February 2. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets. In Washington, Hubbard Radio’s all-news WTOP jumps 1.6 shares to finish with an 8.0 share (weekly, 6+ AQH share) and rises to the #2 rank, while Cumulus Media’s crosstown news/talk WMAL-FM is flat with a 3.6 share and remains ranked #12. Bonneville’s KIRO-FM, Seattle adds three-tenths to finish with a 6.9 share and jumps to #1, while Lotus Communications’ crosstown all-news KNWN-AM/FM dips three-tenths and falls to the #5 rank with a 5.2 share. In Phoenix, iHeartMedia’s news/talk KFYI shoots up 2.3 shares for a 5.7 share finish and the #3 rank as Bonneville’s crosstown news/talk KTAR-FM is up a half share and climbs to the #13 rank. You can see Mike Kinosian’s complete Ratings Takeaways for this group of markets (and yesterday’s round one) here.

 

 

Jim Bohannon Emcees Polar Plunge. Pictured above is Westwood One late night talk host Jim Bohannon serving as master of ceremonies for the annual Polar Plunge fundraiser for the Special Olympics in Westminster, South Carolina on Saturday, February 19. Bohannon said, “Air temperature? 44 degrees. Water temperature? We were afraid to check.”

 

TALKERS News Notes. As the conflict in the Ukraine escalates, ABC News Radio correspondent and anchor Aaron Katersky (pictured here in Lviv, Ukraine) continues to report from inside Ukraine where he’s been for the past week. Katersky also leads ABC News Radio’s live anchored coverage and is sharing his insights directly with affiliates through more than two dozen daily two-ways. Katersky’s experience as a war correspondent in network radio goes back to 2003 when he embedded with the Marines in Iraq…..At CBS News Radio, foreign correspondent Charlie D’Agata co-anchored from the Ukraine “The World News Roundup” with Steve Kathan in New York. CBS says that today’s broadcast was eerily reminiscent of the origin of “The World News Roundup” which debuted 84 years ago when Nazi Germany annexed Austria in March of 1938. The broadcast, which was hosted by Robert Trout, first gave the world the voices of Edward R. Murrow and William Shirer, pioneering a top-of-the-hour news format that linked foreign correspondents around the globe with an anchor in New York City, giving listeners first-hand reporting from CBS journalists who were, and continue to be, eyewitnesses to the most important events in world history…..The Talk Shows USA-syndicated radio program “The Money Pit Home Improvement Show” adds new affiliate stations as WSGW, Saginaw, Michigan; WORK, Canandaigua, New York; WTSN, Dover, New Hampshire; and WKYX, Paducah, Kentucky pick up the program for their lineups. Show host Tom Kraeutler says, “Across the country, home improvement projects have increased as more people work from home and stay at home. The continued growth of our affiliates shows that now more than ever, ‘The Money Pit’ is a great tool for advertisers to reach active, engaged homeowners.”

 

WRVA, Richmond Host Jeff Katz Helps Raise Funds for Virginia Charity. Talk radio host Jeff Katz – pictured here his with daughter Julia – just finished a 36-hour fundraising blitz for The Friendship Circle of Virginia that pairs typically developing teens with disabled children. Katz says, “It’s always believed that the special needs kiddos will get the most out of the friendship that develops but the typically developing teens are the ones who always rave about the experience. These friendships last for lifetimes!” Katz says the charity does one fundraiser per year and his team – “Julia’s Jewels” was the big “winner” this year, setting a fundraising record of $21,351 in 36 hours.

 

GBH President Jonathan Abbott to Step Down at Year’s End. Longtime GBH president and CEO Jonathan Abbott announces he’ll step down from that post he’s held with the public media organization for 15 years at the end of 2022. GBH says that during his tenure, Abbott “reimagined the ways that GBH, the largest producer for PBS, creates and distributes content locally and nationally across new platforms, offering greater access to its award-winning journalism, educational and cultural programs for millions of Americans. He invested in public media’s essential role as a community resource, expanding coverage of local issues with the re-launch of GBH 89.7 as an audience-focused NPR news service.” Under Abbott’s leadership GBH has grown to encompass 10 digital and broadcast media channels and he’s grown the organization’s endowment from $63 million to $523 million. He comments, “The mission to share knowledge, inspire learning and strengthen community is why I’ve devoted my career to expanding the reach and impact of public media. There is no more exciting place to do this work than GBH. It has been my great privilege to work with an extraordinary group of talented and dedicated colleagues, supporting the creation of compelling, world class content and trusted journalism that helps us understand the critical issues of our times. I am grateful to our community for its enduring support of GBH and public media.”

 

Russia Invades Ukraine, Financial Markets/Inflation, COVID-19, Midterm Elections/Trump & the GOP, Trump Org Investigation, and Winter Weather Among Top News/Talk Stories Yesterday (2/23). The Russian military begins its move into separatist regions of the Ukraine as Vladimir Putin warns the U.S. not to interfere and former President Donald Trump praises Putin as a “genius”; the world’s financial markets reel on the news of Russia’s invasion of the Ukraine and soaring retail prices for consumer goods and gasoline; the falling rate of COVID-19 cases in the U.S. and the truckers’ “People’s Convoy” headed for Washington, DC; the battle for control of Congress in November’s midterm elections and Donald Trump’s influence over the GOP; the grand jury investigation into the Trump Organization stalls as two NYC prosecutors quit; and the frigid and snowy weather affecting much of the U.S. 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

Friday, February 18, 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 magazine, is now posted. This new episode titled,“Good Gawd Y’All,” looks back at this past week of 2/14 to 2/18. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Todd Feinburg, talk show host, WTIC, Hartford; Mike Bendixen, Canadian broadcasting executive/personality, Toronto; Victoria Jones, executive director, DC Radio Company; Michael Riedel, theater critic/talk show host, WOR, New York; Matthew B. Harrison, attorney/associate publisher, TALKERS. The show airs weekends on WONK-FM, Washington, DC; WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD, Denver; KFNX, Phoenix; KTLK-FM, St. Louis; WPG, Atlantic City, NJ; SuperTalk 99.7 WTN, Nashville; KMZQ, Las Vegas; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; WGDJ, Albany, NY; WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, DE; WCHM, Clarkesville, GA; WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; KQEN, Roseburg, OR; the Virginia Talk Radio Network; CRN Digital Talk Radio Network; Podcast Radio, UK and many more. To listen to this week’s episode, please click here. To view the latest TALKERS magazine topic research, please click here. “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.

Brett Winterble Celebrates Second Anniversary of Joining WBT-AM/FM, Charlotte. Talk radio host Brett Winterble begins his third year as host of the afternoon drive show on Radio One’s news/talk WBT-AM/FM, Charlotte. Winterble, who spent almost 10 years as a producer of “The Rush Limbaugh Show” before launching his own talk show in 2008, joined WBT in February of 2020 after hosting a talk show at KFMB-AM, San Diego, among other outlets. WBT program director Mike Schaefer says, “Brett made an immediate impact on WBT two years ago, and our listeners have welcomed him into their lives every day from 3:00 pm – 6:00 pm.  We couldn’t be happier that he is starting his third year as we move towards WBT’s 100th Anniversary on April 10.”

iHeartMedia to Use Veritone Technology to Translate Podcasts into Foreign Languages. A deal between iHeartMedia and Veritone, Inc. will see the former use Veritone’s synthetic voice solution that allows celebrities, athletes, influencers, broadcasters, podcasters and other talent across numerous industries to securely create and monetize verified synthetic voices that can be transformed into different languages, dialects, accents and more. iHeartMedia will leverage Veritone’s AI platform to make more shows across the iHeartPodcast Network available in multiple languages. The first use case is to translate iHeartMedia’s marquee podcasts for Spanish-speaking audiences. iHeartMedia Digital Audio Group CEO Conal Byrne says, “With the hyper-growth of our podcast network over the past decade, we are always looking for what is new and next in the medium, too – and Veritone’s synthetic voice solution is a great example of that. Being able to easily offer our podcasts in other languages, in the talents’ unique style, will be an awesome and innovative way to grow market share in the global marketplace.”

Michael Harrison Guests on Maria Milito Podcast. TALKERS founder Michael Harrison is this week’s guest on the iHeartMedia podcast, “Maria’s Mutts & Stuff,” hosted by longtime Q104.3, New York classic rock midday personality, Maria Milito. The podcast series focuses on Milito’s ongoing interest in animals and their welfare – a passion shared by Harrison. The two old radio friends discuss Harrison’s YouTube hit “I Know You’re Real” which he co-wrote and performed with the legendary album rock band Gunhill Road that was released last spring on the group’s fourth album, What Year Is This! They talk about animals, cosmic consciousness and, of course, their experiences in radio. You can check out the podcast by clicking here. To view the video of “I Know You’re Real” please click here.

Promotions and Staff Additions at Today’s Homeowner Media. There are a number of personnel moves to report at Today’s Homeowner Media, the company that produces the “Today’s Homeowner” radio and television shows starring Danny Lipford. First, Stephanie Greenwood rises from VP of PR, marketing and digital to general manager of the company. Scott Basilotta, formerly director of television and radio syndication, is now vice president of distribution, and Thomas Boni is now digital content director. Danny Lipford says, “I couldn’t be more pleased with the performances of these three individuals and how each has shown growth in their areas of expertise year over year. I look forward to their continued leadership of the company and the impact their efforts will have our Today’s Homeowner Media’s success.” Additionally, the company brings aboard Carey Bradley as content coordinator, Glenn Johnson as audio operations manager, and Karmen Baker as PR & marketing manager.

TALKERS News Notes. The Talk Shows USA-syndicated program “Tom Gresham’s Gun Talk” adds new affiliates WORK, Canandaigua, New York; KDGO, Durango, Colorado; KLIN, Lincoln, Nebraska; and WLNL, Horseheads, New York. Gresham says, “The continued growth of the show mirrors the spectacular increase in the number of gun owners across the country. More than 10 million people have purchased a first gun over the last two years, and the research shows this group to be fully representative of America’s demographics. These new owners need and want information on safe gun handling and storage, and we provide that weekly on Gun Talk.”…..PodcastOne launches the “Third Wheel with Jenny Mollen” podcast on February 22.  “Third Wheel with Jenny Mollen” features the actress and best-selling author in conversation with some of the most-talked-about couples in pop culture, from Chelsea Handler and Jo Koi to Karamo Brown and Carlos Medel to Heather and Terry Dubrow, discovering what makes a healthy, committed relationship. PodcastOne president Kit Gray says, “Jenny Mollen’s witty, raw and honest commentary on relationships, parenting, and life in general delivers an honest take on topics at the forefront of everyone’s minds. PodcastOne is thrilled to give Jenny a platform to explore other people’s insights and thoughts on relationships and couple goals. We cannot wait for everyone to be able to listen and hear what celebrity relationships are all about.”…..SiriusXM announces today that TikTok star Tinx, a.k.a. Christina Najjar, joins the company to create a range of new audio content for SiriusXM and its platforms. Those include a new podcast titled, “It’s Me, Tinx,” and a weekly radio show, “It’s Me, Tinx Live,” on SiriusXM’s Stars channel…..Your Public Radio, operator of Baltimore public radio outlets WYPR-FM and WTMD-FM and publisher of award-winning podcasts, announces a new, limited podcast series, “Wavelength: Baltimore’s Public Radio Journey” that examines the history and impact of public radio in Baltimore. Hosted by noted storyteller and actress Maria Broom, and featuring interviews and archival tape, the podcast will take listeners on a journey from public radio’s early days to now. Listeners will learn about the evolution of WYPR, WTMD, WEAA and WBJC, how the stations responded to major news stories, featured local and national musicians, and how they found their place in Baltimore’s current radio scene.

COVID-19 Vaccines, Masks, Mandates & Canadian Truckers Top News/Talk Story for Week of February 14-18. COVID-19 vaccines, mandates, masks and the Canadian truckers’ Freedom Convoy combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was Russia’s continuing buildup of military forces at the Ukraine border and the threat of a global conflict, followed by the combination of the economy, record-setting inflation, the supply chain woes, the labor force, and remote working at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week. It is published every Friday at Talkers.com. See this week’s complete chart here.