Industry News

WXNT-AM Brings Dan Dakich Back to Indy Airwaves

Cumulus Media is bringing Indianapolis sports media personality Dan Dakich back to the radio in the market as host of “The Dan Dakich Show” on WXNT-AM “Indy’s Sports Ticket 1430 AM,” effective Monday (1/29). Dakich, who played basketball at Indiana University under Bobby Knight and coached basketball there (as well as at Bowling Green State University), was most recently on air at Urbanim One’s WFNI, Indianapolis “The Fan.” After leaving “The Fan,” Dakich began hosting a late morning program streamed on the Outkick Network. Cumulus Indianapolis VP and market manager Darlene Park says, “Indiana’s very own Dan Dakich returns to the airwaves as opinionated as ever and ready to break down all things sports on ‘Indy’s Sports Ticket 1430 AM’ every weekday from 12:00 noon to 3:00 pm. He is an Indiana sports legend, and we are so excited he is bringing his game to our team.” Dakich comments, “Couldn’t be more thrilled to join the fantastic team at ‘Indy’s Sports Ticket 1430 AM.’ The state of Indiana and I have had a lifetime love affair that extends way beyond sports and sharing that daily is going to, once again, be a blast! Can’t wait to get started as we build ‘Indy’s Sports Ticket 1430 AM’ into Indy’s go-to home for all things sports.”

Industry News

WBT-AM/FM to Present Congressional GOP Primary Debate

Urban One’s news/talk WBT-AM/FM, Charlotte is hosting a debate between candidates in the Republican primary race for North Carolina’s 8th Congressional District seat on Wednesday, January 31,im at Wingate University’s Batte Fine Arts Center. The event will be moderated by personalities Bo Thompson and Beth Troutman and will feature questions for the candidates presented by the station’s late morning host Vince Coakley, afternoon host Brett Winterble, evening host Brett Jensen, and news director Mark Garrison.  It will also include a 30-minute lead-in show hosted by Thompson and Troutman. All six registered candidates for the seat have accepted invitations to take part in the commercial-free broadcast.

Industry News

Urban One Averts NASDAQ Delisting After Reporting Q3 2023 Operating Results

On December 22, Urban One filed its Form 10-Q with the Securities and Exchange Commission for the third quarter of 2023. In it the company reports net revenue of $117.8 million for the period ended September 30, 2023, a decrease of 2.8% from the same period in 2022. It also reports a net loss of $53.7 million in Q3 2023 compared to the net income of $3.7 million it reported in Q3 of 2022. Urban One had received a delisting notice from Nasdaq Stock Market LLC for failing to file its quarterly reports with the SEC on time. As TALKERS has previously reported on this matter, the tardiness stems from the company dismissing its previous independent registered public accounting firm BDO USA, LLP andim hiring Ernst & Young LLP. Yesterday (1/4), Urban One filed the following with the SEC: “On January 4, 2024, Urban One, Inc. announced that it had received notice from the Nasdaq Stock Market, LLC confirming that it has regained compliance with Nasdaq Listing Rule 5250(c) (the “Periodic Filing Rule”) which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission… with the company in compliance with the Periodic Filing Rule, Nasdaq has ceased any action to delist the company’s securities… Nasdaq has informed the company that it will be subject to a Mandatory Panel Monitor for a period of one year, or until December 29, 2024. If, within the one-year monitoring period, the company again fails to comply with the Periodic Filing Rule, the company will not be permitted to provide the Nasdaq Staff with a plan of compliance with respect to that deficiency, nor will the company be afforded a cure period. Instead, upon the Nasdaq Staff issuing a delist determination letter, the company would then have an opportunity to request a new hearing with the initial Hearing Panel or a newly convened Hearing Panel if the initial Hearing Panel is unavailable.”

Industry News

Urban One Gets Time from Nasdaq to File Late Financial Report

In a filing with the Securities and Exchange Commission, Urban One reports that it has received an extension from the Hearings Panel of The Nasdaq Stock Market LLC giving the company until Januaryim 16, 2024 to file its Form 10-Q quarterly report for the period ending September 30, 2023. As result of that filing being late, Nasdaq has begun the process of delisting Urban One stock. However, the extension gives Urban One extra time to file the report. The company says it expects to be able to file the Q3 2023 Form 10-Q on or before December 31. As TALKERS has previously reported, the late filings were the result of Urban One dismissing its previous independent registered public accounting firm BDO USA, LLP and hiring Ernst & Young LLP.

Industry News

Urban One Files Q1 and Q2 2023 Reports

Urban One has been late with its last few quarterly reports due to issues with its former independent accounting firm’s assessment of the company’s sale of its interest in the MGM Harbor Casino. Now, months after obtaining a new independent accounting firm, the company files 10-Q reports with theim Securities and Exchange Commission for the periods ended March 31, 2023 and June 30, 2023. Briefly, the company’s net revenue for Q1 2023 was $110 million, down 2% from the same period in 2022. The company posted a net loss of $2.7 million for the first quarter. For Q2 of 2023, net revenue was $129.7 million, an increase of 9.2% over the same period in 2022. The company posted a net income of $71 million for that period.

Industry News

TALKERS News Notes

Saga Communications declares a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 15, 2023, to shareholders of record on November 27, 2023. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.5 million.

Urban One’s news/talk WBT-AM/FM, Charlotte is presenting the 30th annual “Hancock’s Bikes for Kids” charity event on December 8 in which it asks the community to donate brand new bicycles to benefit kids in the area.

Industry News

Urban One Gets Waiver from BoA for Late Quarterly Reports

In a filing with the Securities and Exchange Commission, Urban One reports that it has entered into a fifth waiver and amendment to its “Current ABL Facility, dated as of February 19, 2021 with the Company, the Company’s subsidiaries guarantors, Bank of America, N.A., as administrative agent and the lenders party thereto.” This action waives certain events of default under the Current ABL Facilityim related to Urban One’s failure to timely deliver quarterly reports for the first and second quarters of 2023 and sets a due date of November 30, 2023 for those and a December 31, 2023 due date for the third quarter financial report. Urban One also reports that it has received an Additional Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock Market LLC due to the delinquent Q3 2023 report. Urban One has a hearing set for November 30 and anticipates filing the delinquent Q1 and Q2 reports prior to the hearing. It also expects to file the Q3 report on or about December 31, 2023 and will present its plan to evidence full compliance with the Nasdaq listing criteria at the hearing.

Industry News

Urban One Unable to File Timely Quarterly Reports

In a FORM 12b-25 filing with the Securities and Exchange Commission, Urban One says that the dismissal of is former independent accounting firm BDO USA, LLP and subsequent appointment of Ernst & Young LLP in that position forced it to miss the November 8 deadline for filing late quarterly reports. The company says, “Given the change of the Company’s independent registered publicim accounting firm and the work required for E&Y to re-familiarize itself with the Company, the Company’s continued assessment of its internal controls, the Company is not able to finalize the financial statements and related information for inclusion in its quarterly report on Form 10-Q for the quarter ended September 30, 2023 (“2023 Q3 Form 10-Q”). Accordingly, the Company is unable to file its 2023 Q3 Form 10-Q within the prescribed time period as it works to complete each of the Company’s 2023 Q1 Form 10-Q, 2023 Q2 Form 10-Q and 2023 Q3 Form 10-Q.” This stems from BDO USA, LLP’s problematic valuation of Urban One’s investment interest in MGM National Harbor, which it sold for cash proceeds of approximately $136.8 million on April 21, 2023. This matter has also forced Nasdaq Stock Market LLC to begin the delisting process for the company’s stock.

Industry News

Urban One-Backed Casino Referendum in Richmond Fails

Media firm Urban One poured about $4.3 million into the campaign to convince voters to approve the Richmond Grand Resort & Casino – a project in which it was partnered with Churchill Downs. The referendum failed by a margin of 58% to 42%. Altogether, Urban One and Churchill Downs spent $10 million promoting the project. Urban One founder and board chair Cathy Hughes recently appearedim on Gospel WPZZ-FM, Richmond to discuss the project and the referendum and lamented the amount of money they’d spent on the process, saying, “God has blessed me with enough to build the Richmond Grand. But $10 million is what the final [campaign] bill looks like. Such a waste. I am so mad at this opposition. Do you know how much good I could have done with $10 million? I had to pay the lawyers, the accountants, and the lobbyists… just to get the opportunity for you all to vote.” Casinos have already been approved in four Virginia cities, but the project was extremely controversial in Richmond.

Industry News

Urban One Facing Heat from Anti-Semitic On-Air Comments

Tomorrow’s referendum on a casino project for South Richmond, Virginia has been a hot-button issue in the market. After two recent on-air incidents on Urban One-owned radio stations, the company has had to apologize. It has also fired fill-in host Preston Brown. The company is partnering with Churchillim Downs for a $562 million casino project that faces opposition from a group called No Means No Casino, led by Paul Goldman. While hosting a shot on The Box 99.9, Brown referred to Goldman as “a Jew who’s got the same trait as Judas,” and a “white Jew with the background of Judas.” WRIC-TV reports that Urban One regional VP Marsha Landess called Brown’s comments “horrible and offensive” and that Urban One CEO Alfred Liggins apologized directly to Goldman. Read the WRIC-TV story here.

Industry News

Beasley Receives Non-Compliance Notice from Nasdaq

On Friday (10/13), Beasley Broadcast Group received a delisting warning from Nasdaq because its Class A common stock had traded at less than $1 for the past 30 business days.  There’s no immediate effect on the BBGI stock as it has a “cure period” that gives it until April 10, 2024 to trade for at least a dollar per share for 10 consecutive business days. Even if that doesn’t happen, Beasley could getim another 180-calendar day compliance period if it moves its stock to the Nasdaq Capital Market and satisfies other certain requirements. Beasley is the fourth audio company to face delisting this year. Audacy received notice from the New York Stock Exchange and in June engineered a 1-for-30 reverse stock split. Its stock closed at 35 cents per share on Monday (10/16). Salem Media Group received a delisting notice from Nasdaq in June giving it 180 days to rise above the $1 threshold. It closed at 68 cents per share on Monday (10/16). Urban One also received a delisting notice from Nasdaq but not for its share price. That company is late with quarterly reports due to independent accounting issues.

Ratings Takeaways

September 2023 PPM Ratings Takeaways – Part Four

imSeptember 2023 PPM Data – Information for the September 2023 survey period has been released for Austin, Raleigh, Indianapolis, Milwaukee, Nashville, Providence, Norfolk, Jacksonville, West Palm Beach, Greensboro, Memphis, and Hartford.

Nielsen Audio’s September 2023 sweep covered August 17 – September 13.

TALKERS magazine managing editor Mike Kinosian provides “Takeaways” for spoken-word stations finishing in their respective markets’ top twenty.

Cited as well are each particular city’s #1 station (6+) and loftiest (6+) upticks and drop-offs.

All comparisons noted are August 2023 – September 2023 (6+).

Note: The NFL season began September 7 – applicable flagships are bolded. 

AUSTIN

News/Talk: Waterloo Media Group’s KLBJ-AM “News Radio” 3.3 – 3.4, +.1, #12 to #10

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: University of Texas’ KUT 6.1 – 5.3, -.8, repeats in third-place

Number One 6+: Waterloo Media Group adult hits KBPA, ninth month in succession, 9.7 – 9.6, -.1

Largest 6+ August 2023 – September 2023 Increase: triple A KUTX (+.8)

Largest 6+ August 2023 – September 2023 Decrease: public radio news/talk KUT (-.8) 

RALEIGH

News/Talk: iHeartMedia’s WTKK “106.1 FM Talk” 9.2 – 9.4, +.2, repeats in the runner-up slot

News: Capitol Broadcasting-owned WRAL-HD3 “WRAL News+” .1 – .3, +.2, #16 to #15

Sports Talk: Capitol Broadcasting’s WCMC-FM “99.9 FM The Fan” 2.3 – 3.1, +.8, ninth to eighth

Public Radio News/Talk: University of North Carolina at Chapel Hill-owned WUNC 9.5 – 9.1, -.4, first to third

Number One 6+: Urban One urban AC WFXC, first month, 8.5 – 10.1, +1.6

Largest 6+ August 2023 – September 2023 Increase: adult contemporary WRAL (+1.8)

Largest 6+ August 2023 – September 2023 Decrease: urban contemporary WQOK (-2.2)**

*Represents the largest August 2023 – September 2023 decrease (6+) of any station in all 48 PPM-markets

INDIANAPOLIS

News/Talk: Urban One’s WIBC “93.1 FM Indy’s Mobile News” 6.0 – 6.1, +.1, repeats in fourth-place

News: None in the top twenty

Sports Talk: Urban One-owned WIBC-HD2 “The Fan” (Colts) 2.8 – 3.5, +.7, #15 to #13

Public Radio News/Talk: Metropolitan Indianapolis Public Broadcasting’s WFYI 6.3 – 6.4, +.1, third straight month in third-place

Number One 6+: Urban One adult contemporary WYXB, first month, 6.9 – 8.2, +1.3

Largest 6+ August 2023 – September 2023 Increase: adult contemporary WYXB (+1.3)

Largest 6+ August 2023 – September 2023 Decrease: hot AC WNTR (-1.0)

MILWAUKEE 

News/Talk: Good Karma Brands-owned WTMJ “Wisconsin’s Radio Station” (Brewers) 8.7 – 9.8, +1.1, third to first 

iHeartMedia’s WISN “News Talk 1130” 10.7 – 9.6, -1.1, first to second

News: None in the top twenty

Sports Talk: iHeartMedia’s WRNW “97.3 The Game” (Green Bay Packers) 1.4 – 2.4, +1.0, #17 to #13

Good Karma Brands-owned WKTI “ESPN Milwaukee” steady at 1.0, #19 to #18

Public Radio News/Talk: University of Wisconsin-owned WUWM 2.5 – 2.4, -.1, #14 to #13

Wisconsin Educational Communications Board’s WHAD 1.7 – 2.1, +.4, fifth straight month at #16

Number One 6+: news/talk WTMJ, first month, 8.7 – 9.8, +1.1

Largest 6+ August 2023 – September 2023 Increase: news/talk WTMJ (+1.1)

Largest 6+ August 2023 – September 2023 Decrease: news/talk WISN (-1.1)

NASHVILLE

News/Talk: Cumulus Media’s WWTN “Super Talk 99.7” 5.8 – 6.1, +.3, fifth to fourth

iHeartMedia-owned WLAC “Talk Radio 1510” .9 – 1.1, +.2, #21 to #19

News: None in the top twenty

Sports Talk: Cumulus Media’s WGFX “104.5 The Zone” (Tennessee Titans) 4.8 – 7.2, +2.4, eighth to third    

Cromwell Radio Group-owned WPRT “102.5 The Game” 1.6 – 1.4, -.2, repeats at #17

Public Radio News/Talk: Nashville Public Radio’s WPLN-FM 4.2 – 5.5, +1.3, #11 to #6

Number One 6+: Midwest Communications adult contemporary WJXA, eighth month in succession, 10.3 – 9.3, -1.0

Largest 6+ August 2023 – September 2023 Increase: sports talk WGFX (+2.4)**

Largest 6+ August 2023 – September 2023 Decrease: country WSM-FM (-2.0)

**Represents a tie for the largest August 2023 – September 2023 increase (6+) of any station in all 48 PPM-markets

PROVIDENCE

News/Talk: Cumulus Media’s WPRO-AM & WEAN “News Talk 630 AM & 99.7 FM” 6.8 – 6.1, -.7, fifth to sixth

iHeartMedia-owned WHJJ “News Radio 920” .4 – .3, -.1, third straight month at #18

News: None in the top twenty

Sports Talk: Beasley Media Group-owned WBZ-FM “98.5 The Sports Hub” 2.6 – 3.3, +.7, anchored in eighth-place for the twelfth consecutive month

Audacy’s WVEI “Sports Radio 103.7” 2.6 – 2.3, -.3, eighth to tenth

Public Radio News/Talk: WGBH Educational Foundation-owned WGBH 2.0 – 1.9, -.1, #11 to #12

Rhode Island Public Radio’s WNPN 1.4 – 1.5, +.1, fifth straight month at #14

WGBH Educational Foundation-owned WCAI .1, #19 (did not appear in August 2023)

Number One 6+: Cumulus Media adult contemporary WWLI, third month in a row, 9.7 – 10.9, +1.2

Largest 6+ August 2023 – September 2023 Increase: country WCTK (+1.7)

Largest 6+ August 2023 – September 2023 Decrease: news/talk WPRO-AM (-.7)

NORFOLK

News/Talk: Sinclair’s WNIS “News Talk AM 790” 3.1 – 3.5, +.4, fifth consecutive month at #11

News: None in the top twenty

Sports Talk: Max Broadcast Group-owned WVSP “Sports Radio 94.1 ESPN” 2.6 – 2.7, +.1, #14 to #13

Public Radio News/Talk: None in the top twenty

Number One 6+: Audacy urban AC WVKL, eighth straight month, 11.3 – 10.2, -1.1

Largest 6+ August 2023 – September 2023 Increase: rhythmic CHR WNVZ (+.7)

Largest 6+ August 2023 – September 2023 Decrease: country WUSH (-1.2)

JACKSONVILLE

News/Talk: Cox Media Group’s WOKV-FM “104.5 Jacksonville’s News & Talk” 6.5 – 8.2, +1.7, fifth to third

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: WJCT, Inc.’s WJCT 3.2 – 2.6, -.6, repeats at #12

Number One 6+: Cox Media Group classic hits-oldies WJGL, first month, 9.1 – 10.6, +1.5

Largest 6+ August 2023 – September 2023 Increase: news/talk WOKV-FM (+1.7)

Largest 6+ August 2023 – September 2023 Decrease: rock WWJK (-1.1)

WEST PALM BEACH

News/Talk: iHeartMedia’s WZZR “92.1 Real Radio” 1.8 – 1.9, +.1, repeats in tenth-place

Hubbard Broadcasting-owned WFTL “News Talk 850” 1.6 -1.8, +.2, repeats at #12

WZZR cluster-mate WJNO “News Radio 1290” 1.3 – 1.1, -.2, third straight month at #14

News: None in the top twenty

Sports Talk: iHeartMedia-owned WBZT “Sports Radio 1230 The Gambler” steady at .2, #20 to #19

Hubbard Broadcasting’s WMEN “Fox Sports 640 AM South Florida” .4 – .2, -.2, #18 to #19

Public Radio News/Talk: Dade County School Board’s WLRN 2.3 – 2.6, +.3, ninth to eighth

Number One 6+: Hubbard Broadcasting classic hits-oldies WEAT, third month in a row, 9.2 – 7.9, -1.3

Largest 6+ August 2023 – September 2023 Increase: hot AC WRMF (+1.3)

Largest 6+ August 2023 – September 2023 Decrease: classic hits-oldies WEAT (-1.3)

GREENSBORO

News/Talk: iHeartMedia’s WPTI “News Talk 94.5” 4.7 – 4.5, -.2, locked in eighth-place for the eleventh straight month

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: Wake Forest University’s WFDD 2.8 – 3.5, +.7, repeats in ninth-place

University of North Carolina at Chapel Hill-owned WUNC flat at 1.4, sixth straight month at #13

Number One 6+: Audacy urban AC WQMG, first month, 11.2 – 13.6, +2.4

Largest 6+ August 2023 – September 2023 Increase: urban AC WQMG (+2.4)**

Largest 6+ August 2023 – September 2023 Decrease: country WPAW (-1.2)

**Represents a tie for the largest August 2023 – September 2023 increase (6+) of any station in all 48 PPM-markets

MEMPHIS

News/Talk: iHeartMedia’s WREC “News Talk 600 AM” 2.0 – 2.1, +.1, repeats in ninth-place

Starnes Media Group-owned KWAM “News Talk Memphis The Mighty 990” .2 – .4, +.2, #15 to #13

News: None in the top twenty

Sports Talk: Audacy’s WMFS “Sports Radio 92.9” 2.8 – 2.4, -.4, seventh to eighth

Public Radio News/Talk: Mid-South Public Communications-owned WKNO 1.8 – 1.7, -.1, #10 to #11

Number One 6+: iHeartMedia urban AC KJMS, seventh straight month, 12.9 – 11.8, -1.1

Largest 6+ August 2023 – September 2023 Increase: urban contemporary WHRK and CHR WEGR (+1.5)

Largest 6+ August 2023 – September 2023 Decrease: adult contemporary WRVR (-1.7)

HARTFORD

News/Talk: Audacy’s WTIC-AM “News Talk 1080” 4.8 – 5.2, +.4, seventh to sixth

Red Wolf Broadcasting-owned WDRC-AM “The Talk of Connecticut” 1.5 – 2.3, +.8, #14 to #12

WTIC-AM’s internet stream flat at .8, third straight month at #17

News: None in the top twenty

Sports Talk: iHeartMedia’s WUCS “97.9 ESPN” 1.3 – 1.7, +.4, repeats at #15

Public Radio News/Talk: Connecticut Educational Communications-owned WNPR 4.0 – 3.7, -.3, repeats in ninth-place

New England Public Media’s WFCR flat at .6, fourth straight month at #18

Number One 6+: Audacy adult contemporary WRCH, 44th month in a row, 10.1 – 10.5, +.4

Largest 6+ August 2023 – September 2023 Increase: news/talk WDRC-AM (+.8)

Largest 6+ August 2023 – September 2023 Decrease: country WWYZ (-1.1)

Email Mike Kinosian at Mike.Kinosian@gmail.com.

Ratings Takeaways

September 2023 PPM Ratings Takeaways – Part Three

imSeptember 2023 PPM Data – Information for the September 2023 ratings period has been released for Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus.

Nielsen Audio’s September 2023 sweep covered August 17 – September 13.

TALKERS magazine managing editor Mike Kinosian provides “Takeaways” for spoken-word stations finishing in their respective markets’ top twenty.

Cited as well are each particular city’s #1 station (6+) and loftiest (6+) upticks and drop-offs.

All comparisons noted are August 2023 – September 2023 (6+).

Note: The NFL season began September 7 – flagships are bolded, where applicable.

PORTLAND

News/Talk: Alpha Media’s KXL “FM 101 News” flat at 6.7, repeats in third-place

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: Oregon Public Broadcasting’s KOPB 6.1 – 6.3, +.2, repeats in fourth-place

KOPB’s internet stream 1.7 – 20, +.3, #20 to #18

Number One 6+: iHeartMedia classic hits-oldies KLTH, first month, 8.7 – 8.5, -.2

Largest 6+ August 2023 – September 2023 Increase: triple A KINK and hot AC KRSK (+.8)

Largest 6+ August 2023 – September 2023 Decrease: adult contemporary KKCW (-2.0)*

*Represents the largest August 2023 – September 2023 decrease (6+) of any station from these 12 PPM-markets

CHARLOTTE

News/Talk: Urban One-owned WBT-AM & WBT-FM “Charlotte’s News Talk” 6.4 – 5.2, -1.2, third to fifth

News: None in the top twenty

Sports Talk: Urban One’s WFNZ-FM “Sports Radio 92.7” 1.8 – 2.4, +.6, #16 to #14

Public Radio News/Talk: University Radio Foundation’s WFAE 4.6 – 5.2, +.6, sixth to fifth

South Carolina Educational Television Commission-owned WNSC .5 – 1.0, +.5, #20 to #18

Number One 6+: Beasley Media Group country WSOC, first month, 7.2 – 7.4, +.2

Largest 6+ August 2023 – September 2023 Increase: sports talk WFNZ and public radio news/talk WFAE (+.6)

Largest 6+ August 2023 – September 2023 Decrease: news/talk WBT-AM & WBT-FM (-1.2) 

SAN ANTONIO

News/Talk:  iHeartMedia’s WOAI “News Radio 1200” 2.4 – 2.6, +.2, #17 to #15

Alpha Media-owned KTSA “Stay Connected” 2.6 – 2.2, -.4, #15 to #19

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: None in the top twenty

Number One 6+: Cox Media Group classic hits-oldies KONO-FM, ninth consecutive month, 8.6 – 7.1, -1.5

Largest 6+ August 2023 – September 2023 Increase: classic rock KTKX (+.6)

Largest 6+ August 2023 – September 2023 Decrease: classic hits-oldies KONO-FM (-1.5)

SACRAMENTO

News/Talk: iHeartMedia-owned KFBK-AM & KFBK-FM “News 1530 AM & 93.1 FM” 9.7 – 10.1, +.4, #1

KFBK-AM & KFBK-FM cluster-mate KSTE-AM “Talk 650” 3.7 – 3.3, -.4, #10 to #12

News: None in the top twenty

Sports Talk: Bonneville-owned KHTK “Sacramento Sports 1140” .8 – 1.1, +.3, #24 to #20

Public Radio News/Talk: Capital Public Radio-owned KXJZ 2.3 – 1.9, -.4, #14 to #15

Number One 6+: iHeartMedia news/talk KFBK-AM & KFBK-FM, third month in a row, 9.7 – 10.1, +.4

Largest 6+ August 2023 – September 2023 Increase: urban-rhythmic oldies KHYL (+1.3)

Largest 6+ August 2023 – September 2023 Decrease: adult contemporary KBEB (-1.0)

PITTSBURGH

News/Talk: Audacy’s KDKA-AM “News Radio 1020 AM” 3.8 – 4.0, +.2, #10 (third straight month)

News: None in the top twenty

Sports Talk: Audacy-owned KDKA-FM “93.7 The Fan All Sports All The Time” (Pirates) 6.8 – 7.9, +1.1, fourth to third

Public Radio News/Talk: Pittsburgh Community Broadcasting’s WESA 4.6 – 4.1, -.5, repeats in eighth-place

Number One 6+: iHeartMedia classic hits-oldies WWSW, tenth month in a row, 11.4 – 11.2, -.2

Largest 6+ August 2023 – September 2023 Increase: sports talk KDKA-FM (+1.1)

Largest 6+ August 2023 – September 2023 Decrease: public radio news/talk WESA and classical WQED (-.5)

SALT LAKE CITY

News/Talk: Bonneville-owned KSL “News Radio 102.7 FM & 1160 AM” 4.9 – 5.2, +.3, repeats in fifth-place

iHeartMedia’s KNRS-AM & KNRS-FM “Talk Radio” 3.4 – 4.0, +.6, #11 to #9

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: University of Utah’s KUER 2.6 – 2.5, -.1, repeats at #17

Number One 6+: Bonneville adult contemporary KSFI, eleventh straight month, 10.8 – 10.3, -.5

Largest 6+ August 2023 – September 2023 Increase: rock KBER (+1.2)

Largest 6+ August 2023 – September 2023 Decrease: hot AC KJMY (-1.0) 

LAS VEGAS

News/Talk: Audacy-owned KMXB-HD3 “101.5 K-Dawn The Talk Of Las Vegas” 1.1 – 1.9, +.8, #26 to #18

News: None in the top twenty

Sports Talk: None in the top twenty

Public Radio News/Talk: None in the top twenty

Number One 6+: iHeartMedia adult contemporary KSNE, third month in succession, 9.3 – 9.5, +.2

Largest 6+ August 2023 – September 2023 Increase: Spanish adult hits KWID and classic rock KXPT (+1.8)

Largest 6+ August 2023 – September 2023 Decrease: CHR KLUC (-1.2)

ORLANDO

News/Talk: iHeartMedia’s WTKS “Real Radio 104.1” 4.4 – 4.6, +.2, seventh to eighth

Cox Media Group-owned WDBO “Orlando’s News Talk” steady at 3.4, #13 to #12

News: None in the top twenty

Sports Talk: iHeartMedia’s WYGM “96.9 The Game” 1.4 – 1.1, -.3, #18 to #20

Public Radio News/Talk: Community Connections-owned WMFE 2.9 – 2.4, -.5, #14 to #15

Number One 6+: iHeartMedia adult contemporary WMGF, fourth consecutive month, 9.1 – 10.1, +1.0

Largest 6+ August 2023 – September 2023 Increase: Spanish tropical WRUM (+1.4)

Largest 6+ August 2023 – September 2023 Decrease: alternative WQMP (-1.0)

CINCINNATI

News/Talk: iHeartMedia-owned WLW “700 Cincinnati’s News Radio” (Reds, Bengals) 14.0 – 13.9, -.1, #1

WLW’s cluster-mate WKRC “55 KRC The Talk Station” 4.4 – 4.6, +.2, repeats in sixth-place

News: None in the top twenty

Sports Talk: iHeartMedia’s WCKY “ESPN 1530” (Bengals) 1.2 – 1.6, +.4, #20 to #18

Public Radio News/Talk: Cincinnati Public Radio’s WVXU 4.0 – 3.6, -.4, eighth to ninth

Number One 6+: news/talk WLW, 20th consecutive month, 14.0 – 13.9, -.1

Largest 6+ August 2023 – September 2023 Increase: rock WEBN (+1.2)

Largest 6+ August 2023 – September 2023 Decrease: rhythmic hot AC WREW (-.9)

CLEVELAND

News/Talk: iHeartMedia’s WTAM “News Radio 1100” (Guardians) 5.5 – 6.1, +.6, eighth to seventh

News: None in the top twenty

Sports Talk: Audacy’s WKRK “Sports Radio 92.3 The Fan” (Browns) 4.0 – 5.1, +1.1, #11 to #10

WKRK’s internet stream .5 – .8, +.3, #18 to #17

iHeartMedia-owned WARF “Fox Sports 1350 AM The Gambler” .2 – .3, +.1, repeats at #20

Public Radio News/Talk: Kent State University’s WKSU 5.2 – 4.9, -.3, #9 to #11

Number One 6+: iHeartMedia classic hits-oldies WMJI, eleventh month in a row, 10.5 – 11.8, +1.3

Largest 6+ August 2023 – September 2023 Increase: classic hits-oldies WMJI +1.3)

Largest 6+ August 2023 – September 2023 Decrease: rock WMMS (-1.1)

KANSAS CITY

News/Talk: Audacy-owned KMBZ-FM “98.1 FM News, Traffic, Weather” flat at 5.1, third to fourth

KMBZ-FM cluster-mate KMBZ-AM “Talk 980 AM” 1.3 – 1.2, -.1, repeats at #19

Cumulus Media’s KCMO-AM “Talk Radio 710 AM” unchanged at 1.0, #22 to #20

News: None in the top twenty

Sports Talk: Audacy’s KCSP “Sports Radio 610 Our Teams, Our Town” (Royals) 2.7 – 3.1, +.4, #13 (third successive month)

Public Radio News/Talk: University of Missouri-owned KCUR 3.5 – 3.2, -.3, #10 to #12

Number One 6+: Cumulus Media classic hits-oldies KCMO-FM, second straight month, 10.6 – 9.8, -.8

Largest 6+ August 2023 – September 2023 Increase: contemporary Christian KJNW (+.7)

Largest 6+ August 2023 – September 2023 Decrease: country KBEQ (-1.1)

COLUMBUS

News/Talk: iHeartMedia-owned WTVN “News Radio 610” 7.4 – 7.3, -.1, second to fourth    

News: None in the top twenty

Sports Talk: Tegna-owned WBNS-FM “97.1 FM The Fan” 5.6 – 7.9, +2.3, fifth to second

Public Radio News/Talk: Ohio State University’s WOSU 4.4 – 4.5, +.1, ninth to eighth

Number One 6+: iHeartMedia country WCOL, eleventh straight month, 10.4 – 9.8, -.6

Largest 6+ August 2023 – September 2023 Increase: sports talk WBNS-FM (+2.3)**

Largest 6+ August 2023 – September 2023 Decrease: adult contemporary WSNY (-.9)

**Represents the largest August 2023 – September 2023 increase (6+) of any station from the 36 PPM-markets analyzed thus far

Up next: September 2023 overviews for Austin; Raleigh; Indianapolis; Milwaukee; Nashville; Providence; Norfolk; Jacksonville; West Palm Beach; Greensboro; Memphis; and Hartford.

Email Mike Kinosian at Mike.Kinosian@gmail.com.  

Industry News

Nasdaq Begins Delisting Procedure for Urban One

On Friday (9/29) Urban One, Inc received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the company that Nasdaq has initiated a process that could result in the delisting of the company’s securities from Nasdaq as a result of the company not being in compliance with the Nasdaq Listing Rule that requires listed companies timely file all required periodicim financial reports with the Securities and Exchange Commission. Urban One says it intends to timely request a hearing before a Nasdaq Hearings Panel and that request will automatically stay any suspension or delisting action through October 20, 2023. The company will request that the stay be extended through the hearing and the expiration of any additional extension period granted by the Hearings Panel through March 26, 2023. There’s no assurance that the Hearings Panel will grant the additional extension or that Urban One will be able to regain compliance by the end of any additional extension period. The company is late with its quarterly financial reports for the first and second quarters of 2023. As previously reported, this comes as the result of the company dismissing its previous independent registered public accounting firm BDO USA, LLP and hiring Ernst & Young LLP.

Industry News

Urban One Files Preliminary Q1 2023 Financial Results with SEC

Relative to the preceding story, on Friday (9/29) Urban One filed an 8-K Form containing its preliminary financial results for the first quarter of 2023. The company reports consolidated revenue of $109.9 million, a decrease of 2% from the same period in 2022. Urban One breaks down its report into segments and states that its broadcast radio division brought in revenue of $35.2 million, an increase of 11.7% over the same period in 2022. For the first quarter of 2023, Urban One reports a net loss of $1.5 million compared to the net income of $16.5 million it reported in the first quarter of 2022.

Industry News

Cincinnati to Name Street After Talk Host Lincoln Ware

Longtime Cincinnati talk radio host Lincoln Ware is being honored with a street named after him in the Avondale neighborhood. Ware currently hosts the 10:00 am to 1:00 pm show on Urban One’s WDBZ-AM, Cincinnati. He’s been on the air in the market consistently for the past 50 years, going back to hisim first gig at age 22 in WCIN-AM. WLWT-TV reports that Cincinnati Vice Mayor Jan-Michele Kearney will emcee the street-naming ceremony. She says, “Lincoln Ware is unbelievable. In my office in city hall, we keep the Lincoln Ware show on every day. Somebody’s assigned to listen, and they come back and say, ‘Here’s what they talked about today, listen to this.’ So, you know, we’re always well-informed.” The city says Ware is being honored due to his “lasting impact on the Cincinnati local media community and to health and wellness within the African American community with his Lincoln Ware Walking Club. His legacy, contributions, and dedication to the City of Cincinnati and its citizens will long be remembered.” See the WLWT-TV piece here.