Wednesday, August 10, 2022
Urban One Second Quarter Net Revenue Rises 10.4%. Reporting financial data for the second quarter of 2022, Urban One – parent company of Radio One – reveals net revenue of $118.8 million, an increase of 10.4 percent over the same period in 2021. Consolidated net income for Q2 of 2022 was $15.8 million, a decline of 14.4% from the same period in 2021. Urban One reports financial data for six separate segments
including Radio Advertising ($44.5 million, up 4.5%), Digital Advertising ($17.8 million, up 19.1%), and Event Revenue ($1.1 million, up 2.3%). Urban One CEO and president Alfred Liggins III says, “We had a strong finish to Q2, driven by continued robust growth in digital and cable television advertising, both of which were up double digits. Our spot radio business outperformed the markets in which we operate by 230 Bps, and I was pleased with our overall 10.4% revenue growth, as a result of which we were able to post adjusted EBITDA growth of 6.1% y-o-y. Like other media businesses, we have experienced a slow-down in Q3, particularly in core radio which is currently pacing down low-to-mid single-digits. Given our diversified mix of assets, I still anticipate consolidated net revenues to grow in Q3, and we remain well positioned for political advertising later in the year. We will continue to be disciplined with capital allocation decisions and our cash position remains strong. We finished the quarter with net leverage below 4.0x, in line with our goal to continue to reduce leverage over time.”
Round Two of July PPMs Released. The second of four rounds of ratings data from Nielsen Audio’s July 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 July 2022 sweep covered June 23 – July 20. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Washington, DC, Hubbard Radio’s all-news WTOP-FM adds six-tenths for a 7.4 share (weekly, 6+ AHQ share) finish but still falls back to the #8 rank, while Cumulus Media’s news/talk WMAL-FM is flat at a 4.1 share and recedes to the #8 rank. Bonneville’s news/talk KIRO-FM remains in first place in Seattle even after dropping six-tenths for a 6.7 share finish, while Lotus Communications’ crosstown all-news KNWN-AM/FM dips two-tenths to finish with a 3.1 share but stays locked in the #14 spot. In Minneapolis-St. Paul, Audacy’s news/talk WCCO adds three-tenths for a 4.4 share finish that boosts it to the #10 rank. Across town, Hubbard’s talk KTMY-FM falls two-tenths for a 3.3 share finish but stays ranked #13, while iHeartMedia’s news/talk KTLK-AM adds three-tenths to wrap with a 3.2 share good for the #14 rank. Hearst Television’s news/talk WBAL-AM leaps to the #10 rank after a 1.1 share increase gives it a 3.4 share finish as WCBM Maryland’s news/talk WCBM-AM sheds half a share for a 2.0 share finish good for the #15 rank. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as yesterday’s round one) here.
Premiere Networks Talk Hosts Front and Center at CPAC 2022. Pictured above (from l-r) at last weekend’s CPAC 2022 conference in Dallas are Premiere Networks talk radio hosts Sean Hannity, Glenn Beck, and Jesse Kelly. Hannity’s address to the attendees covered election integrity, the upcoming midterm elections, the importance of conservative principles and more. Shortly before former President Donald Trump closed out the convention with his keynote address, Glenn Beck took to the stage with a presentation titled, “American History: What You Don’t Know,” and Jesse Kelly entertained the crowd with a satirical skit in which he posed as a news anchor covering the latest headlines at a faux network.
‘ESPN Chicago’ to Present Inaugural ‘Football Fest.’ Sports talk outlet WMVP, Chicago “ESPN 1000” is presenting its first-ever “ESPN Chicago Football Fest” that will bring together the station’s personalities and special guests ESPN senior NFL Insider
Adam Schefter and ESPN Fantasy Football expert Field Yates at the Hard Rock Casino Northern Indiana on Saturday, August 20. Local personalities Tom Waddle, Marc Silverman, David Kaplan, Carmen DeFalco, Peggy Kusinski, Dionne Miller, Jonathan Hood, Chris Bleck, Adam Abdalla, and Jeff Meller will be at the event. Danny Zederman is content director for the Good Karma Brands station. He says, “Football Fest will be an amazing opportunity for ‘ESPN 1000’ fans to connect with our content team to kick off the 2022-2023 football season. Peggy and Dionne will be broadcasting live from the event, giving fans a front row seat to one of the station’s newest duos.”
Comscore Q2 2022 Net Revenue Up 4.3%. The second quarter financial report from digital media firm Comscore states net revenue for the period was $91.4 million, an increase of 4.3% over Q2 of 2021. The company reduced its net loss from Q2 2021 to
Q2 2022 from $18.5 million to $5.1 million. Comscore CEO Jon Carpenter states, “I was honored to step into the CEO role in July and remain excited about the opportunity ahead for Comscore. This is a critical time for the industry, and we are committed and focused on delivering innovative products and solutions that our customers want and driving the growth and profitability our shareholders expect. The quarter highlights the momentum in our business, particularly in Cross Platform Solutions, which includes our growing local and national television businesses. While there is still work to be done, I am excited and energized about the opportunity ahead.”
TALKERS News Notes. Urban radio personality Angela Yee is leaving the WWPR, New York-based morning show “The Breakfast Club” after 12 years to launch her own
midday program titled, “Way Up with Angela Yee” that will be syndicated via Premiere Networks. It will launch this fall and debut on more than 30 iHeartMedia stations. The company says the show “will feature the iconic personality in a fast-paced, listener interactive show, as she connects directly with listeners on the kinds of hot and timely topics in which she’s garnered trust over her decades on air – from relationships to Hip-Hop and R&B, headline news topics, and overall culture, both in and out of the music industry.”…..Audacy-owned podcast company C13Originals is partnering with Team Downey and Wink Pictures for “The Sunshine Place,” an investigative documentary podcast series examining Synanon, a former California-based experimental drug rehab facility and community that morphed into a dangerous and violent cult, led by its messianic founder Charles E. Diedrich. Cadence13 chief content officer Chris Corcoran states, “This is a story we were immediately drawn to and wanted to tell. It’s an honor to be able to tell incredible stories like this with such a great team in Susan, Robert, Emily, and Josh in collaboration with our brilliant C13Orginals creative team.”…..American Public Media Group announces that Barry Gisser is the organization’s new senior vice president and chief financial officer, succeeding Morris Goodwin who after eight years significantly increased the value of APMG’s endowment and led its investment strategy. Gisser’s first day at APMG will be September 6.
FBI Raids Mar-a-Lago/NYC Deposition, Primaries/2024 Race, The Economy, Biden Health & Climate Bill, China’s Taiwan Threats, Russia-Ukraine War, and Serena Williams Announces Retirement Among Top News/Talk Stories Yesterday (8/9). The FBI’s raid on former President Donald Trump’s Mar-a-Lago offices and his scheduled deposition by New York AG Letitia James; Tuesday’s primary races for the November midterms and speculation about the nominees for the 2024 presidential race; the high rate of inflation and concerns about a recession; the Inflation Reduction Act that affects health care, taxes, and climate incentives; China’s ramped-up military exercises around Taiwan; Russia’s ongoing invasion of Ukraine; and tennis great Serena Williams announces her plans to retire from the sport were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Monday Memo: Save Those Benjamins. Even with gas prices now inching down, almost everything else is “SO expensive that listeners (and we) are coping.” Wrapping-up his month-long series – “Inflation Hacks” – Holland Cooke presents 9 money-saving tips, “AND a fabulous radio prize!” Read it 
the radio/audio sales business, too. He writes, “The Pew survey says the top three reasons for ‘The Great Resignation’ are: low pay, lack of advancement opportunity, and feeling disrespected at work. Does it sound like the grumbling before the Monday morning sales meeting? My marketing work puts me in direct contact with sales reps across the country and ‘The Great Resignation’ did extend into our radio/audio sales community. On the radio side more so in the larger market stations.” He offers some suggestions for navigating this era of economic uncertainty. Read it 
Radio HOF Welcomes Nine Inductees. A voting participant panel comprised of more than 800 industry professionals honorees determined six honorees; the other three were voted on by the Radio Hall of Fame nominating committee. Radio Hall of Fame co-chair Kraig Kitchin comments, “Our forthcoming inductees have made a wonderful impact on the lives of their listeners and our industry. We’re thrilled to be able to celebrate their respective careers and honor them with an induction to the Radio Hall of Fame.” According to
co-chair Dennis Green, “This was our highest voter participation ever. The radio industry picked an amazing, diverse class of broadcasters and executives that we are proud to call Hall of Famers. These individuals have made a lasting impact on this amazing industry, cementing their place as part of the legacy that makes radio special.” In alphabetical order, the nine inductees are: radio executive Marv Dyson; “Country USA” host Lon Helton; iHeartMedia Los Angeles adult contemporary KOST “Coast 103” morning personality Ellen K; Audacy New York classic hits-oldies WCBS-FM “New York’s Greatest Hits” afternoon drive talent Broadway Bill Lee; “Gospel Traxx” host Reverend Walt “Baby” Love; iHeartMedia New York classic rock WAXQ “Q 103.4” talent Carol Miller; Sirius XM sports talk host Chris “Mad Dog” Russo; Emmis Communications president/chief executive officer Jeff Smulyan; and New York Yankees Radio Network announcer Suzyn Waldman. The 2022 Radio Hall of Fame inductees will be honored in-person November 1 at Chicago’s Radisson Blu Aqua Hotel. The Radio Hall of Fame was founded by the Emerson Radio Corporation in 1988; The Museum of Broadcast Communications took over operations in 1991. This year’s confidential ballot was conducted by Votem.com and overseen by Miller Kaplan’s Andrew Rosen.
Radio Resources Unit Debuts Today. Tailored for medium to small market owners and operators, Radio Resources was launched today (Monday, 7/25) by parent company Gen Media Partners. Director of products and services Alex Quintero notes, “Until now, radio station owners and operators had to deal with multiple providers and retrofit the pieces together. The Radio Resources toolkit offers broadcasters one central point of contact and stewardship for a wide array of products and services, streamlined across critical departments to deliver a more efficient, productive, and seamless experience. We’re the only company that can aggregate such a broad range of radio products and services and provide this level of multi-resource support. Our independent standing gives us the freedom to seek out the best providers to service our radio clients.” Among other things the Radio Resources suite includes: Programming and Content; Workflow Solutions; IT and Cyber Security; 24/7 Formats; Sales Strategy; Imaging and Production; Research; Online and Digital Integrations; and Back-Office Operations. Radio Resources products and services are available for cash, barter or a combination of both.
Windy City Readying For Rock Radio Revisited. Longtime “The Larry King Radio Show” executive producer Pat Piper is producing The Museum of Broadcast Communications’ “Rock Radio Revisited,” which will be held August 14 at 3:00 pm at The Des Plaines Theatre. Museum of Broadcast Communications board chair David Plier notes, “The heyday of rock radio in the 60’s and 70s’ was centered around the booming personalities of [Chicago on-air talents such as] Larry Lujack, John Records Landecker, Yvonne Daniels, Bob Sirott and Steve King. Every city had their favorite local radio station and the voices behind them. This will be an incredible celebration of the personalities and music that made that era of rock and roll so memorable.” Landecker, Tommy Edwards, Bob Stroud and Dyana Williams will reminisce about “the golden age of rock radio.” In addition, there will be vintage airchecks, as well as stories about the on-air personalities, fans, and gimmicks. Those making special appearances include: Gary Burbank; “Cousin Brucie” Morrow; Kris Erik Stevens; and Connie Szerszen. Among the “presenters” of the Wendy Snyder-hosted event is Nexstar Media Group Chicago news/talk WGN “Radio 720”; cross-town Cumulus Media-owned news/talk WLS-AM “890 AM” is one of the “sponsors.”
TALKERS News Notes. Most recently working as ABC Audio’s manager of digital audio, Josh Cohan is promoted to director of podcast programming for ABC News. His first venture into podcasting was as part of the team that launched “10% Happier with Dan Harris” in 2016. He also helped create ABC’s flagship daily news podcast, “Start Here,” which won the 2022 Webby Award for “Best News and Politics” podcast. Cohan joined ABC News Radio in 2007 as an intern and served as a producer and coordinating producer before transitioning to podcasting … As a result of signing a multi-year contract, WHPT “102.5 The Bone” 6:00 am – 10:00 am talent Mike Calta
continues his role at the Cox Media Group Tampa news/talk outlet. Regional vice president/general manager Keith Lawless remarks, “Mike is arguably one of the most successful and talented broadcasters on the air in America today.” WHPT’s director of branding & programming, John Brennan, comments, “Mike Calta is simply the best radio talent in Tampa. I couldn’t be more excited that he will continue to call ‘102.5 The Bone’ home for many years to come.” Calta – who joined WHPT in 2007 – adds, “I’m grateful and proud to be continuing my radio career with CMG in my home of Tampa Bay. At 50 years old, my window to being a male dancer has surely closed, so this contract is extra special to me and my family.” … Two-year Max Media Norfolk vice president/operations and programming Eddie Haskell exits the five-station cluster, which includes sports talk WVSP “94.1 ESPN” and business talk WGH-AM “Money Talk 1310 and 100.9.” He formerly was senior vice president/programming for nine iHeartMedia stations in Ft. Collins (Colorado).
Salem Media Group Seeks Producers. Attention producers! Salem Media Group is looking for producers. Salem has great radio stations, the Salem Radio Network, the Salem Podcast Network, and the Salem News Channel, and we always need producers to help us create our great products. If you have experience producing radio or TV shows, please send your resume and keep ‘em coming to: Phil Boyce, Senior VP of Spoken Word Formats, Salem Media Group Philip.boyce@salemmedia.com. Salem is an Equal Opportunity Employer.
