Industry News

Townsquare Media: Undervalued Stock Worth A Look

Radio+Television Business Report - Fri, 02/26/2021 - 14:00

Of the major publicly traded audio media companies operating in the U.S., Entercom Communications, iHeartMedia and Beasley Media Group have each reported their fourth quarter earnings. Saga Communications will offer its results on March 12.

Where is Townsquare Media? The results, which are expected to be positive, are still forthcoming and due the week of March 15.

While the company’s top executives will be participating in upcoming investor conferences, a top Wall Street blog believes the company’s shares are nearly half of their intrinsic value estimates.

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Categories: Industry News

FCC Issues Reminder About ASR

Radio World - Fri, 02/26/2021 - 13:51
Getty Images/Cavan Images

The Federal Communications Commission has issued a reminder that anyone involved in the change of ownership of a wireless communication tower must follow a certain notification process.

“This reminder is necessary because of inconsistent compliance with this process, and it reflects the importance of maintaining accurate records in the FCC’s Antenna Structure Registration (ASR) System, which functions to protect aircraft navigation safety,” it stated.

In February of 2019 the Wireless Telecommunications Bureau put out a notice announcing that the FCC was revising its ASR System with a new process for reporting changes in ownership of towers and other structures registered in the system. It made changes to FCC Form 854, Antenna Structure Registration, and the commission’s ASR website at that time.

“The ownership change application procedure is a two-step process that requires both the assignor (current owner of record) and the assignee (new owner of record) to take several steps,” the FCC now reminds us.

Those steps are to log into ASR, complete their respective portions of the application, and provide the signature of an authorized person.

“In the time since these changes were enacted, there have been a number of instances where ownership changes were not properly completed because one of the parties failed to complete the process. These failures made it difficult to identify the owner responsible for compliance with our Part 17 rules, led to complications in subsequent transfers, and resulted in other administrative inefficiencies.”

Part 17 of the rules covers construction, marking, and lighting of antenna structures.

The commission is reminding all parties to transfers of ownership of registered towers that they must comply with the process in the Ownership Change Public Notice

“Further, we recommend that parties complete the change of ownership in ASR as part of the sales transaction, rather than leaving the ASR ownership change to be completed at a later date. If the ownership change application process is not properly completed by both parties, the ASR system will identify the wrong entity as the owner, which may result in the wrong entity being held responsible for a tower it no longer holds and may slow down future transfers of ownership for current owners. It could also impact aviation safety by preventing or delaying lighting outage reports from reaching tower owners and thus delay subsequent FAA notification and repairs.”

It noted that its Licensing Support Hotline is available on weekday business hours to help with the online application process at (877) 480-3201 option 2; TTY (717) 338-2824.

The post FCC Issues Reminder About ASR appeared first on Radio World.

Categories: Industry News

COVID-19 Prompted Focus on Audio Quality

Radio World - Fri, 02/26/2021 - 13:24
A slide from the IABM report focuses on the audio supply chain. (Click here to enlarge.)

The pandemic has changed some priorities in the global audio business, according to IABM.

In its latest “Audio Sector” report, the association writes that pandemic lockdowns have had “significant and sometimes surprising” effects in audio, which it calls an “important, but sometimes unheralded” sector of broadcast and media.

IABM is an international trade association based in the U.K. It released the following takeaways; its full report is available to members.

It said:

  • COVID-19 “has led to a realization of the importance of audio quality, as disruptions hit production standards.”
  • The pandemic has “incentivized consumers to increasingly stream audio-only content,” prompting growth in areas such as podcasting.
  • From a technology perspective, “audio virtualization and remote production deployments have accelerated out of necessity, while other trends such as immersive audio have slowed down.”
  • Some audio business drivers such as the move to easy-to-use products have accelerated.
  • Demand in live sectors such as music and theater has plummeted “while other buyers such as streaming, smaller audio content creators and some adjacent markets have increased investment.”
  • The audio supply chain has been hit by the cancellations of events and productions more than it has been helped from new waves of spending from remote working, production, streaming and small audio producers.
  • And “some audio technology suppliers have pivoted to cater to the needs of new segments, as well as to accommodate the health and safety requirements of the pandemic in some sectors.”

IABM quoted its Head of Knowledge Lorenzo Zanni saying that while live events took a back seat, and stay-at-home viewers accepted lower-quality video, “the importance of high-quality audio really came to the fore.”

He said the pandemic also saw a “huge increase in the streaming of audio-only content, particularly podcasts and audio books, particularly among younger audiences.”

 

The post COVID-19 Prompted Focus on Audio Quality appeared first on Radio World.

Categories: Industry News

Remote Radio Phase II: A Radio World Ebook

Radio World - Fri, 02/26/2021 - 11:04

What’s next for remote audio?

Broadcasters invented whole new workflows when COVID-19 sliced through the industry.

But almost a year later, Radio World now looks ahead —  to ask what our industry’s new normal for remote audio will be, and how future workflows and infrastructure designs might be different because of the pandemic experience.

Find out what we learned from broadcasters like New York Public Radio, Saga Communications, Gimme Radio, the University of Southern Colorado, Los 40 Principales Granada, Relevant Radio and Silver Lake Audio.

And learn what manufacturers such as AEQ, Comrex, ENCO Systems, Lawo, Prodys, RCS, Telos Alliance, Tieline and Wheatstone are doing to support these new workflows.

Read it here.

The post Remote Radio Phase II: A Radio World Ebook appeared first on Radio World.

Categories: Industry News

KISW Veteran Takes Corporate Programming Role at Entercom

Radio+Television Business Report - Fri, 02/26/2021 - 10:32
Entercom Communications has unveiled a new programming leadership structure for its central programming team.   “This enhanced leadership team will supplement our premium content offering throughout our portfolio and ensure we have the premier collection of personalities engaging deeply with our audiences nationwide,” said Entercom Communications Chief Programming Officer Pat Paxton. “It will also allow us to best integrate the innovation of new products and content so we are continuously growing the impact and reach of our offering and super serving our 170 million listeners each month.”   Paxton will continue to lead Entercom’s programming department and will focus day-to-day on the management of its portfolio of market-leading brands. He will also continue to oversee Entercom’s brand research and marketing efforts.   Jeff Sottolano, Entercom’s EVP of Programming, will continue to manage Entercom’s industry leading collection of sports, all-news and news/talk brands. He will also be charged with growing Entercom’s content insights and analytics capabilities and overseeing its network and syndicated content development.   The big news: Dave Richards joins Entercom’s central programming leadership team as SVP of Programming, segueing from the role of SVP of Programming of Rocker KISW-FM in Seattle. Richards has been there for last 19 years and has developed programs like “The Men’s Room” and concepts like KISW’s annual “Live Day.”   In his new role, Richards will be responsible for original content ideation, talent development and coaching. He will spearhead Entercom’s efforts to support its expanding business portfolio, which includes Radio.com, Cadence13 and Pineapple Street Studios, through the generation of cross-platform content.   Michael Martin will continue to serve as SVP of Programming and Music Initiatives and oversee Entercom’s relationships with artists, management and record labels and lead its efforts to collaborate with the artist community on event, digital and social opportunities.   Entercom has also created an executive committee, with members who will collaborate to develop and oversee programming strategy across the company: Pat Paxton; Jeff Sottolano; Michael Martin; Dave Richards; Pam Russo, Senior Vice President and General Manager, RADIO.COM; Bill Smee, Vice President of News; Matt Volk, Vice President of Sports; Nikki Nite, Vice President of Programming and Brand Manager, Entercom Austin; and Reggie Rouse, Urban Format Captain, Entercom, and Brand Manager, Entercom Atlanta.

 

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Categories: Industry News

A New Scripps Grows With Local and National Media Gains

Radio+Television Business Report - Fri, 02/26/2021 - 10:15

It is exiting the digital audio business, as it is spinning Triton to iHeartMedia following the divestment of its radio properties, “with fantastic returns.”

It boasts “a powerful new national network business” thanks to its blockbuster merger with Ion Media.

This is the new path The E.W. Scripps Co. is speedily traveling forward on, and Scripps President/CEO Adam Symson says the transformation of the company makes it “exceptionally positioned for the growth of television.”

With that, Scripps released its Q4 and year-end 2020 results. How did Scripps do?

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Categories: Industry News

Kansas Cluster Captured In Court-Ordered Southwind Shift

Radio+Television Business Report - Fri, 02/26/2021 - 09:50

Aside from former FCC Commissioner Ajit Pai, there may be few people outside of Kansas familiar with the town of Ulysses. It’s to the northwest of Liberal, southwest of Garden City, and a 300-mile drive from construction-cluttered Denver International Airport.

Here, a group of eight radio stations are heading to a new licensee.

Why? The current operator defaulted on payments owed to the entity getting the octet.

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Categories: Industry News

Workbench: IR Camera Spots a Dead Cooling Fan

Radio World - Fri, 02/26/2021 - 08:00

Dan Gunter is principal of Alabama Broadcast Services LLC, a contract engineering firm headquartered in LaFayette, Ala. He saw a presentation that I did for the Alabama Broadcasters Association’s Engineering Academy in which I discussed infrared cameras made by FLIR.

Fig.1: The FLIR One Pro, bottom, is a thermal camera for smartphones.

Last year, Dan bought a model that plugs into his smartphone. He says it has more than paid for itself. (The FLIR One Pro costs about $400.)

Here’s what Dan wanted to share with Workbench readers. He was at a client site to check a Harris SX-5A AM transmitter that had repeatedly blown the silver-mica capacitor in the output third harmonic filter section. Those cost about $800 apiece.

Dan got the FLIR camera ready so he could quickly shut down the SX-5A, open the rear door and grab an IR temperature reading to see how hot the capacitor was getting. He attached the infrared camera to his phone and activated the app so he was seeing real-time IR imaging.

But in getting ready to inspect that transmitter, Dan happened to sweep the camera over the rear door of another rig, a BE AM5E, and discovered a potentially serious problem there. He saw a “hot spot” in the image indicating much higher temperatures at one of the twin cooling fans at the bottom of the BE transmitter’s rear door.

Measured with the FLIR One Pro, with a measurement “box” as defined in the FLIR PC software (Fig. 2), he saw that the cabinet over the blown fan was as hot as 96.8 degrees Fahrenheit, while the temperature was only 76.6 degrees in the area of the working fan.

Fig. 2: The back of the BE5E transmitter. Note the uneven color between the left and right fan grills.

Because these fans are behind a metallic filter in a recessed area of the door, they’re normally out of sight. And you would not see them in operation if you opened the rear door of the transmitter’s cabinet because, for obvious reasons, the transmitter must be powered down first (or the interlocks will shut it down for you).

Dan notes that this AM5E had a history of repeatedly blowing PA modules. The latest suffered a major burnout that charred the components beyond recognition on about a third of the circuit board, even melting the casing off a relay. That repair cost around $1,500.

So Dan began to investigate. He discovered that the “hot” fan was not running. In fact, he had to take a hammer and reshape the perforated metal portion of the door where the fan mounts, because it was pressing against the center of the rotating fan blade/spindle. This had apparently caused the fan to burn out. In looking at Fig. 3, the suspect fan is to the left, just above the copper strap.

Fig. 3: The left-hand fan was not working; Dan replaced it.

Before and after replacing the burned-out fan, Dan used the FLIR camera to measure the temperature of the transmitter’s cabinet. By replacing the fan, he decreased the temperature of the cabinet by around 15 degrees Fahrenheit in the areas adjacent to and above the PA modules. Dan suspects that the actual temperature of the PA modules and of the area inside the transmitter dropped by that much and more.

When he places his hand on the transmitter cabinet, it now feels to be at or very close to room temperature instead of noticeably warmer than ambient room air. The temperatures were notably different after replacement of the fan and resolving the fan motor binding issue, as seen in Fig. 4.

Fig. 4: FLIR imaging shows both fans are cooling properly.

All this to say that Dan now makes it a habit to “scan” his transmitters, especially in the areas of air exhaust, intake and fans in order to spot problems such as blown fans or blocked air flow.

In the case of transmitters and transmitter rooms with lots of noise (I bet you’ve never encountered such a problem!), IR imaging can catch a lot of things that would otherwise be almost undetectable until the transmitter goes down.

We’ll tell you next time how his repair to the first transmitter turned out. Dan also said he is looking forward to producing more “how to” and technical videos on YouTube after a brief hiatus. We look forward to them.

Flashback

Last weekend I came across a YouTube video of The Seekers, in the Abbey Road studio, apparently recording their song “I’ll Never Find Another You” in 1964 (“There’s a new world somewhere, they call the Promised Land …”)

Posted by Rich963, it’s a pretty neat video featuring 1960s recording technology, though I noticed that the console VU meters weren’t moving for part of the video even as the group sang! A nice job of lip synching. Nonetheless it’s a fun peek inside a music recording studio of nearly 60 years ago.

As you watch, there’s one other apparent “flaw.” See if you can pick it up as you view the video.

John Bisset has spent over 50 years in the broadcasting industry and is in his 31st year writing Workbench. He handles western U.S. radio sales for the Telos Alliance. John holds CPBE certification with the Society of Broadcast Engineers and is a past recipient of the SBE’s Educator of the Year Award. Workbench submissions are encouraged, qualify for SBE Recertification, and can be emailed to johnpbisset@gmail.com.

The post Workbench: IR Camera Spots a Dead Cooling Fan appeared first on Radio World.

Categories: Industry News

Gray Adds to Board of Directors

Radio+Television Business Report - Fri, 02/26/2021 - 00:05

Gray Television‘s Board of Directors has unanimously voted to expand the board by one seat.

To fill that extra chair, the board has elected the SVP/General Counsel and Corporate Secretary and Chief Compliance Officer for Georgia Power as an independent director.

That would be Sterling A. Spainhour Jr.

Like all Directors, Spainhour’s term will run through the next Gray Annual Meeting.

Spainhour’s resume includes roles at Southern Company, and was a partner at Jones Day for more than 20 years.

He’s also served as senior counsel for CNN.

 

Categories: Industry News

Digital, Political Shine For iHeart In Q4

Radio+Television Business Report - Thu, 02/25/2021 - 17:25

The numbers don’t lie.

The final three months of 2020 were punishing for iHeartMedia, which enters March 2021 with the need for a new EVP of Programming for its highly important Los Angeles radio cluster and a long-term plan to replace The Rush Limbaugh Show.

How exactly was Q4 for the company led by Bob Pittman and Rich Bressler? 

Net income was down 95% year-over-year as adjusted EBITDA declined by 13%.

Despite the rather dour Q4 results, Pittman struck a positive tone on the company’s quarterly earnings call held following the Closing Bell on Wall Street Thursday.

With the Q4 and 2020 financial results for iHeartMedia released following the Closing Bell on Thursday, the company says it is implementing a new operational structure that will now have its financials reported in two separate segments – digital audio and multiplatform, which includes all radio stations. CLICK HERE FOR THE FULL STORY.

 

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Categories: Industry News

Ahead of Q4 Results Release, iHeart Splits Digital from Radio

Radio+Television Business Report - Thu, 02/25/2021 - 16:28

With the Q4 and 2020 financial results for iHeartMedia released following the Closing Bell on Thursday, the company says it is implementing a new operational structure that will now have its financials reported in two separate segments – digital audio and multiplatform, which includes all radio stations.

The final three months of 2020 were punishing for iHeartMedia. How exactly was Q4 for the company led by Bob Pittman and Rich Bressler? Net income was down 95% year-over-year as adjusted EBITDA declined by 13%. Despite the rather dour Q4 results, Pittman struck a positive tone on the company’s quarterly earnings call held following the Closing Bell on Wall Street Thursday. FOR THE FULL STORY CLICK HERE!

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Categories: Industry News

Graham’s TV Stations Enjoy A Political Revenue Bump

Radio+Television Business Report - Thu, 02/25/2021 - 16:25

Gray Television isn’t the only broadcast TV company to greatly benefit from boffo political advertising revenue in the final three months of 2020.

The owner of such stations as NBC affiliate WDIV-4 in Detroit and CBS affiliate WKMG-6 in Orlando enjoyed a big revenue increase in Q4 for its television broadcasting division.

The reason: A big political revenue gain.

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Categories: Industry News

Philip Falcone Returns to LPTV Ownership

Radio+Television Business Report - Thu, 02/25/2021 - 16:12

Until his June 2020 departure from HC2 Holdings Inc., Phillip Falcone was widely known across the broadcast media industry as a flashy big spender on low-power broadcast TV stations.

Then came accusations that Falcone defaulted on loans. His assets were frozen for failure to compensate his legal representatives. This followed by a 2019 court order that saw HC2 withhold some of Falcone’s salary in lieu of some $2.69 million in unpaid taxes to the City of New York.

All of that negative activity is firmly now in the past, as Falcone has reemerged as the head of a new entity that’s agreed to purchase two low-power TV stations in Los Angeles.

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Categories: Industry News

Nautel Plans March Webinars

Radio World - Thu, 02/25/2021 - 16:05

Nautel has added two topics to its schedule of webinars about broadcast technology, scheduled for alternating Wednesdays in March.

On March 3 the company covers “All-Digital AM featuring the NX Series” to answer questions about the MA3 mode of HD Radio now that the FCC has allowed its use.

“Many broadcasters have asked what is involved in upgrading, what the different modes mean, and if there is any benefit for their particular situation.”

On March 17 a webinar will explore “FM Digital, featuring the Nautel HD MultiCast+ (HDMC+) HD Importer/Exporter.” Nautel cites discussion in the industry about the pros and cons of fixed-purpose embedded hardware vs. software implementations, especially involving HD Radio importer and exporter components.

“This webinar will review the evolution of HD Radio for FM, the development and features of the HDMC+, and will cover some of the capabilities of this powerful tool.”

Register at https://nautel.com/webinars. Nautel webinars qualify for ½ SBE recertification credit.

 

The post Nautel Plans March Webinars appeared first on Radio World.

Categories: Industry News

Maine MVPD ‘A La Carte’ Customer Plan Nix Upheld

Radio+Television Business Report - Thu, 02/25/2021 - 16:03

In the state of Maine, cable TV subscribers were in a rather unique situation when it came to not only the channels they wanted — but also the individual shows they desired.

It was part of an a la carte package designed by the state government as part of an effort to seemingly benefit consumers, allowing them to enjoy channels through an “unbundle” by MVPDs.

A district court tossed the law. Now, a federal appeals court has upheld that ruling.

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Categories: Industry News

Alpha Inks A Long-Term Deal With vCreative

Radio+Television Business Report - Thu, 02/25/2021 - 15:11

LAKE WALES, FLA. — One of the top providers of media workflow software products to broadcast media companies across the U.S. has signed up Alpha Media as a client.

As such, the Portland, Ore.-based owner of radio stations will extend its vCreative vPPO service while adding the vTrade service across all of its properties.

vTrade was developed by Central Florida-based vCreative to provide media companies with the ability to easily track, manage, audit and report on trade inventory, eliminating the risk of financial loss due to wasted or expired trade.

A recently released feature in vTrade helps manage the creation and sales tracking for on-air auctions, coupons and/or vouchers.

“After using vPPO for nearly three years and knowing how it has improved our workflow, I was excited to see vTrade had been added to the family,” said Stephanie Ross, Regional Business Manager at Alpha Media. “The team at vCreative also added an entirely new component to vTrade that will make managing our auctions even better than before. From entering consignments, tracking sales, and printing vouchers with unique IDs, we can now easily and efficiently manage this complex area of our business.”

Mary DelGrande, SVP of Sales at vCreative, said, “We are thrilled to be continuing and expanding upon our partnership with Alpha Media. vCreative’s main objective is to continue to innovate and evolve. The adoption of vTrade and Alpha’s  renewed commitment to vPPO is proof that we are succeeding.”

Categories: Industry News

Salem Shares Hit New Peak As Q4 Reveal Date Is Chosen

Radio+Television Business Report - Thu, 02/25/2021 - 14:50

CAMARILLO, CALIF. — Salem Media Group, the media company known for its Christian-themed and conservative Talk radio stations, has selected when it will issue its fourth quarter and full-year 2020 financial results.

The announcement came amidst a sell-off of Salem shares on Wall Street.

Salem executives will host a conference call to discuss its results at 1pm Eastern/10am Pacific on Thursday, March 4 — one hour after it formally releases the numbers to the public.

It’s unusual timing, as Salem regularly selects 2pm Pacific, after the Closing Bell in New York has run, for its earnings call.

What will Salem executives have to share on the call? Analysts could be curious if the heir to Rush Limbaugh‘s legions of fans is one of Salem’s own talk hosts. Or, they could be hyperfocused on advertising trends against difficult year-over-year comparisons.

Whatever is on the minds of Salem’s investors, it isn’t clear. SALM was off sharply on Thursday (2/25), falling 14% to $2.7437 as of 2:42pm Eastern.

The dip ends a nice rally for Salem stock, which sat at $1.03 as recently as Dec. 21, 2020.

But, it must be said that Wednesday’s closing price of $3.19 marked the highest finish for SALM seen since September 2018.

 

Categories: Industry News

The InFOCUS Podcast: Greg Guy

Radio+Television Business Report - Thu, 02/25/2021 - 13:15

How is 2021 shaping up for transactions, now that Kagan has analyzed 2020’s dealmaking? Are deals still in a COVID-19 fueled frozen state?

Those are just some of the questions Greg Guy, the managing partner for media brokerage Patrick Communications, answers in this latest InFOCUS Podcast, presented by DOT.FM.

 

 Listen to “The InFOCUS Podcast: Greg Guy” on Spreaker.

Categories: Industry News

Did ViacomCBS Positively Surprise at ‘Streaming Investor’ Event?

Radio+Television Business Report - Thu, 02/25/2021 - 13:15

Heading into last night’s ViacomCBS’ Streaming Investor Day, MoffettNathanson‘s clients had two basic questions:

  • What could the company say to possibly surprise us?
  • How can we justify the move in Viacom’s stock price this year?

“At least now we have some clarity around the first question,” Senior Analyst Michael Nathanson and Analyst Robert Fishman noted Thursday, following a three-hour affair that offered a detailed look at the soon-to-relaunch Paramount+ OTT platform, formerly CBS AllAccess.

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Categories: Industry News

Entercom Hires Showtime Exec To Market Podcasts

Radio+Television Business Report - Thu, 02/25/2021 - 11:33

One of the nation’s largest radio stations owners, one with a big stake in podcasting, has just lured a SHOWTIME Networks marketing pro to take on the newly created position of Head of Marketing for Podcasts.

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Joining Entercom Communications, owner of Cadence13 and Pineapple Street and the Radio.com streaming audio platform to promote podcasts is Brian Swarth.

He was previously SVP of Digital Media & Marketing at SHOWTIME Networks, where he directed all aspects of digital and social marketing including acquisition and CRM strategy, influencer marketing, interactive creative and production, multi-platform content development, marketing and advertising technology, digital marketing analytics and emerging platforms.

Once he settles in to his new role at Entercom, Swarth will lead and oversee all marketing and public relations for Entercom’s podcast division.

He reports directly to Chris Corcoran, Chief Content Officer at Cadence13.

Before joining SHOWTIME, Swarth was VP/Managing Director of Client Strategy, Media and Entertainment at Zemoga. Before that, he was Sr. Director of Strategy and Business Operations/Content Distribution at MTV Networks, where he steered expansion of MTVN and BETN content distribution and enabled the successful launch of the multiplatform premium movie service EPIX.

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