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Radio+Television Business Report

Spot TV’s Caffeine Injection

Radio+Television Business Report
3 years 11 months ago

Take a look at the latest Media Monitors Spot Ten TV report, and you’ll see auto insurance specialists dominating the Top 5.

That said, there’s also a new entrant that’s particularly notable. It’s Starbucks.

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Adam Jacobson

Spot Radio: ‘The Ones Who Get it Done’

Radio+Television Business Report
3 years 11 months ago

Their brand mission is simple: they’re “the ones who get it done.”

Perhaps it is a tag line Radio can incorporate to demonstrate how audio commercials can lift a brand’s sales.

And, it can use Grainger as an example, given its brand-new use of Spot Radio.

For the week ending July 11 as determined by Media Monitors, Grainger — the industrial supply company — ranks No. 5 by spot play count.

This puts Grainger behind just Indeed and No. 1 paid advertiser Progressive.

The activity from Grainger is highly positive, as it demonstrates the use of a media for a company that’s proven to be selective with its mix of consumer outreach platforms.

Meanwhile, Capital One is back on the Spot Ten with some 30,726 spot plays.

 

Adam Jacobson

A Wind River Basin Duo Trades Hands, Thanks To Patricks

Radio+Television Business Report
3 years 11 months ago

They proudly serve Wyoming’s Wind River Basin.

Now, an AM/FM combo, along with an FM translator, are heading to a new owner in a deal brokered by an individual who knows the lay of the land — Cody, Wyo.-based Larry and Susan Patrick.

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Adam Jacobson

A Saga Investor Trims Its Ownership Stake

Radio+Television Business Report
3 years 11 months ago

According to an amended statement of ownership filed Monday with the SEC, the sixth-largest institutional investor in radio industry pure-play Saga Communications has lowered its attributable interest in the company.

Based on reported share totals as of March 30, this puts this investment management house founded by Larry Fink out of the top 10 of Saga’s Wall Street dollar-injectors.

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Adam Jacobson

Radio Hall of Fame 2021 Nominees Announced

Radio+Television Business Report
3 years 11 months ago

The Museum of Broadcast Communications has revealed the selection of the Radio Hall of Fame 2021 nominees, comprised of 24 people and shows in six categories. The nominees were chosen by the Radio Hall of Fame Nominating Committee, with input from the radio industry and listeners. 

 Voting for inductees began July 12 in four of six categories:

  • Longstanding Local/Regional (20 years or more)
  • Active Local/Regional (10 years or more)
  • Longstanding Network/Syndication (20 years or more)
  • Longstanding Network/Syndication (20 years or more)

These categories will be voted on by a panel of 600 industry professionals.  

On July 26, listeners nationwide will vote on the other two categories, Music Format On-Air Personality and Spoken Word On-Air Personality. The winners in those categories will be determined by the public and the Radio Hall of Fame Nominating Committee. The outcome of the listener vote will count as one vote among the committee votes.

Radio listeners may vote once starting July 26 at www.radiovote.com. 

The 2021 Radio Hall of Fame inductees will be announced Monday, August 16, and honored in-person at the 2021 Radio Hall of Fame induction ceremony on October 28 at Chicago’s Wintrust Grand Banking Hall. Tickets will go on sale August 16. 

THE 2021 RADIO HALL OF FAME NOMINEES TO BE VOTED ON BY INDUSTRY VOTING PANEL ARE: 

Longstanding Local/Regional (20 years or more) 

John & Ken- KFI-AM / Los Angeles 

Melvin Lindsey-Washington (The Quiet Storm) 

Matt Siegel- WXKS-FM “KISS 108” / Boston 

Brother Wease (Alan Levin)- WAIO-FM Radio 95.1 / Rochester, NY 

  

Active Local/Regional (10 years or more) 

Laurie De Young- WPOC-FM /Baltimore 

Mercedes Martinez- KMXB-FM/ Las Vegas 

Elliot Segal- WWDC-FM “DC101” / Washington, DC 

Bob Stroud- WDRV-FM “97.1 The Drive” / Chicago 

  

Longstanding Network/Syndication (20 years or more) 

Dr. Bobby Jones-host, The Bobby Jones Radio Show 

Dan Patrick-host, The Dan Patrick Show 

Wait Wait Don’t Tell Me– NPR

Suzyn Waldman-color commentator, New York Yankees Network 

  

Active Network/Syndication (10 years or more) 

Bob & Sheri-co-hosts, The Bob & Sheri Show 

Kim Komando-host, The Kim Komando Show 

Sid Mark-host, Sounds of Sinatra 

Chris “Mad Dog” Russo-host, Chris “Mad Dog” Russo Show on SiriusXM 

  

THE 2021 RADIO HALL OF FAME NOMINEES TO BE VOTED ON BY LISTENERS/RADIO HALL OF FAME NOMINATING COMMITTEE ARE: 

  

Music Format On-Air Personality 

Russ Parr-host, The Russ Parr Show 

Javier Romero-morning host, WAMR-FM /Miami 

Alex Sensation-morning host, Spanish Broadcasting System (SBS) 

Steven Van Zandt-host, Little Steven’s Underground Garage 

  

Spoken Word On-Air Personality 

Alex Bennett-morning host & talk show personality 

Larry Elder-host, The Larry Elder Show, Salem Media 

Preston Elliot and Steve Morrison-co-hosts of Preston & Steve-93.3 WMMR / Philadelphia 

Sally Jessy Raphael-talk show personality 

   

Kraig T. Kitchin, the Radio Hall of Fame chairman, commented: “I’m so thrilled to recognize our 2021 nominees, and look forward to our upcoming in-person induction ceremony in Chicago Thursday, October 28. We’ll not only welcome 2021 inductees, but we will also welcome and honor the 2020 inductee class on that special evening this fall.” 

Dennis Green, who serves as the Radio Hall of Fame’s Nominating Committee chair, added, “It is an honor to chair the Nominating Committee of the Radio Hall of Fame and recognize our industry’s most esteemed professionals and their tremendous achievements informing and entertaining audiences throughout their careers. We look forward to welcoming the 2021 inductees as well as the 2020 inductees to honor them in person this year in Chicago.” 

The Mix Group is a presenting sponsor of the 2021 Radio Hall of Fame induction ceremony.  The Radio Hall of Fame was founded by the Emerson Radio Corporation in 1988. The Museum of Broadcast Communications took over operations in 1991. 
RBR-TVBR

John Fullam Back, On An Interim Basis

Radio+Television Business Report
3 years 11 months ago

Around Thanksgiving Day 2019, word first surfaced that veteran radio industry executive John Fullam would be retiring at year’s end. By late January 2020, his successor had been named.

Now, the man selected to take on Fullam’s duties has departed the company formerly known as Entercom. As a result, Fullam is back, serving as the interim SVP/Market Manager of Audacy‘s Denver stations.

Chuck Sullivan, who became SVP/Manager of KQMT-FM 99.5 “The Mountain,” KALC-FM “Alice 105.9, Adult Standards KEZW-AM 1430 and KQKS-FM 107.5 and KQKS-HD2 “Comedy 103.1″ on Feb. 3, 2020, is no longer with the company.

Sullivan joined Entercom in 2014 as the SVP/Market Manager for the company’s Milwaukee market. In 2015, his role expanded to include oversight of Entercom’s Madison, Wisc., stations. Prior to joining Entercom, Sullivan served in leadership roles for Cumulus Broadcasting, including as VP/Market Manager for the company’s Mobile cluster and as Market Manager for five stations in Destin-Fort Walton Beach, Fla. Before that, he served as a managing partner for Ocean Broadcasting in Wilmington, N.C., from 1996 to 2006.

Sullivan’s exit comes as KQKS Program Director Victor Starr has also exited Audacy.

He had been PD of the station since March 2016.

In a request for comment, an Audacy spokesperson tells RBR+TVBR Sullivan “has left the company to pursue other opportunities.”

In 1975, Fullam entered the radio business at a now-defunct company called the Home News Corporation. This saw him serve as VP/GM of venerable Rock station WRKI-FM “I95” in Brookfield, Conn., a popular station serving Fairfield County and Westchester County, N.Y. An October 1992 acceptance of similar duties at WKQI-FM in Detroit served as the catalyst for a 44-year career that saw him take key positions at AMFM Inc., Clear Channel, CBS Radio and Entercom, serving as SVP/GM/Market Manager of its Denver stations. Fullam gained that final role in November 2017, a two-year deal.

RBR-TVBR

‘The Mighty Seven Ninety’: A Music City Radio Buyer

Radio+Television Business Report
3 years 11 months ago

It is licensed to Ashland City, Tenn., but has a signal that covers all of Nashville during daylight hours. While the AM has just 35 watts at night, there’s a 100-watt FM translator that allows it to cover Nashville’s western neighborhoods.

These facilities are heading to a new licensee, pending FCC approval. And, it is a certainty that “The Mighty 790” is involved in their future.

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Adam Jacobson

Gray Grabs A Tiny LPTV Property. Why?

Radio+Television Business Report
3 years 11 months ago

Its a tiny town in Lewis County, Mo., that had under 550 residents in the 2010 U.S. Census.

It’s important enough of a locale for Gray Television to make a deal for a low-powered TV station based in this tiny burgh.

There’s a perfectly good reason it is buying the facility, when one looks at a map.

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Adam Jacobson

The FCC Wants Your Say On LPTV, TV Translator CP Auction

Radio+Television Business Report
3 years 11 months ago

The FCC’s “Auction 111” is coming, and the Commission has just set its Comment and Reply Comment Dates so it may hear from the public on competitive bidding procedures.

The auction involves Construction Permits for Low Power TV stations and for TV translators.

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Adam Jacobson

Is There More Upside To Come For Cumulus Stock?

Radio+Television Business Report
3 years 11 months ago

On June 29, Cumulus Media enjoyed a banner day on Wall Street, with high trading volume fueling a notable increase in share value.

Could a successful pay down of debt, using cash on hand, be the catalyst for long-awaited long-term growth at a company that has successfully emerged from Chapter 11 bankruptcy reorganization?

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Adam Jacobson

Loan Prepayment Boosts iHeart On Wall Street

Radio+Television Business Report
3 years 11 months ago

Seventeen days ago, the nation’s No. 1 audio media company by number of radio stations announced it would prepay $250 million in term loan facilities while repricing its incremental term loan.

The announcement was icing on the cake for IHRT shareholders who have enjoyed an incredible rebound from COVID-19-influenced lows seen in March and April of 2020.

With iHeart’s June 24 closing price, a 473.5% improvement has been seen since March 30, 2020.

As of 1:27pm Eastern on July 9, IHRT sat at $26.02.

By comparison, IHRT was trading in the $17 range until mid-February, when COVID-19 fears pummeled the issue — and just about every other publicly traded company.

For iHeart, however, meaningful recovery for its battered stock began in May 2020. And, aside from a few profit-taking ebbs and flows, the growth of its stock is unprecedented.

What’s to come for a company that seeks to transition the bulk of Rush Limbaugh’s listening audience to a team of Clay Travis and Buck Sexton as questions on how to transition aging Top 40 personalities such as Ryan Seacrest loom?

As far as Wall Street is concerned, long-term forecasts are in line with what the company expects, as podcasting and digital revenue show no signs of a slowdown.

The 1-year revenue estimate put on IHRT by Wall Street analysts: $29.14.

Adam Jacobson

A Unique Group of LPTVs Are For Sale. What’s So Special?

Radio+Television Business Report
3 years 11 months ago

For some, the buying and selling of broadcast media properties over the past 12 months has been nothing short of dismal. Aside from cash-rich non-profit broadcast ministries seeking FM properties they couldn’t get a decade ago, radio industry transactions have come in small trickles. The TV industry, on the other hand, has seen colossal mega-mergers involving companies such as The E.W. Scripps Co. and Gray Television.

Television industry transactions of late have also included deals involving unbuilt low-power TV stations. With a sign-on deadline of Tuesday, time is rapidly ticking for those seeking to spin these facilities and cash out. For those still in need of a facility fire-up, an automatic forfeit of the CP looms.

Then, there’s a group of LPTVs for sale that are a bit unique. How so? They don’t need to be built until 2023.

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Adam Jacobson

DTV Minority Shareholders File An ‘Amended Verified Complaint’ Against HC2

Radio+Television Business Report
3 years 11 months ago

A group of minority shareholders in DTV America Corp. has taken another legal action against what it calls “a conglomerate of overlapping entities and their interlocking directors and officers” that presently possess majority control of the entity known for its low-power TV stations.

What is that “conglomerate”? It’s HC2 Holdings.

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Adam Jacobson

Landover 2 Spins An Unbuilt LPTV Property

Radio+Television Business Report
3 years 11 months ago

Its mission was simple: To re-purpose 600 MHz and other spectrum and rapidly deploy a world-class 5G network in the United States.

This could explain why the individual behind Landover Wireless, a 30-year veteran of the global wireless telecommunications industry, had an interest in low-power TV stations.

That venture, however, was never fully realized. Earlier this year, it drafted two transactions selling unbuilt LPTVs to Jeff Winemiller. Now, it is spinning an unbuilt LPTV property in Idaho.

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Adam Jacobson

Cumulus Bumps Operations Leaders to Co-Presidents

Radio+Television Business Report
3 years 11 months ago

One has been the EVP of Operations at Cumulus Media since April 2017 and has been with the company since the end of 2014. The other individual is also a EVP of Operations at the audio media company and has been there since January 2013.

Both executives are now getting presidential appointments from Mary Berner.

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Dave Milner and Bob Walker have each ascended to respective roles as President of Cumulus Operations, effective immediately.

They report to Berner, Cumulus’ President/CEO, who calls their elevation “a well-deserved recognition of their respective contributions to the company’s success. Over the past several years, not only has the scope of both Bob’s and Dave’s direct responsibilities grown beyond their market portfolios, they also play a significant and vital role in the operations of the Company overall. Moreover, in addition to being terrific executives, they are terrific colleagues as well.”

Milner, who joined Cumulus in December 2014, has a rich resume steeped in Northern California radio. He was President/Market Manager of iHeartMedia’s San Francisco stations from May 2012 through his arrival at Cumulus. Before that, he was VP of Sales for Entercom (now Audacy) in Sacramento. From 2004-February 2007, he worked for Cumulus — then led by the Dickey brothers. His role: GSM for the San Francisco stations.

Walker is responsible for the P&L of 65 markets across the Cumulus portfolio, and started his tenure at the company as SVP of Brand Solutions. He’s one of the rare individuals who shifted from television to radio, as he served as WXIA-11 in Atlanta President/GM under Gannett ownership from 1996-2010. He’d been associated with “11Alive” since May 1988, first handling marketing and sales roles.

From April 2010 until arriving at Cumulus, Walker was EVP/GM of Network and Content at The Weather Channel.

 

Adam Jacobson

Pro-MVPD Lobbying Group Cheers Proposed Gray Fine

Radio+Television Business Report
3 years 11 months ago

It’s repeatedly put the blame on nearly every retransmission consent impasse, leading to a “blackout” of local TV stations, on the station owner.

It’s unabashedly in support of anything that favors a MVPD.

Now, the American Television Alliance (ATVA) has commented on a half-million-dollar-plus Notice of Apparent Liability for Forfeiture handed to Gray Television by the FCC for allegedly violating the Commission’s Top Four station rule.

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Adam Jacobson

The InFOCUS Podcast: Angie Balderas

Radio+Television Business Report
3 years 11 months ago

How has the advertising landscape evolved in Northern California? What’s the sense of “new normal” client activity, in particular for Spanish-language radio?

The return of live events is a big deal. Automotive is on the rebound.

Those are just some of the takeaways from Angie Balderas, the SVP of Integrated Marketing Solutions at Entravision Communications in Sacramento.

She’s the latest guest in this all-new InFOCUS Podcast, presented by dot.FM.

Listen to “The InFOCUS Podcast: Angie Balderas” on Spreaker.

Adam Jacobson

The NEXTGEN TV Train Rolls Into Sacramento

Radio+Television Business Report
3 years 11 months ago

In the last week, NEXTGEN TV has gone live in such markets as Charlotte and Little Rock.

You can now add the California state capital to the list of cities where ATSC 3.0-powered television is now available for those that actually have the next-gen TV sets needed to get the signals.

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Adam Jacobson

TEGNA Affirms Its Q2 Earnings Release Date

Radio+Television Business Report
3 years 11 months ago

Although its shares are down from a five-year high seen in mid-April, TEGNA‘s stock price hasn’t been this good since September 2015, just months after it changed its name from Gannett and spun off its newspaper assets.

With a healthy 1-year target estimate handed to TEGNA by Wall Street analysts and a beneficial long-term prognosis in hand, company executives could be preparing a positive Q2 2021 earnings report. We now know when those results will be released.

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Adam Jacobson

A TV Attribution and ‘Ad Intelligence’ Play for Nielsen

Radio+Television Business Report
3 years 11 months ago

A TV attribution provider and ad monitoring company based in Paris is now a part of the Nielsen family of global data, measurement and analytics services.

For an undisclosed price, the Dutch company that is the dominant audience measurement and consumer data services firm in the U.S. is acquiring TVTY.

“TVTY brings a wide range of outcomes capabilities that improve TV campaign execution,” Nielsen says. “TVTY’s solutions enable advertisers and agencies to seamlessly optimize their spend based on the outcomes most important to their business.”

TVTY will complement and expand Nielsen’s TV Attribution and Ad Intel services.

Nielsen’s Chief Growth Officer and President, International, Sean Cohan says the purchase of TVTY aligns to Nielsen’s strategy to deliver cross-media outcomes as a complement to audience measurement. He says, “TVTY bolsters Nielsen’s ability to size an audience with analytics. Together we will be powering a better media future for marketers.”

Eliott Reilhac, TVTY’s CEO, comments, “We believe that TV advertising will be increasingly bought and optimized based on business outcomes. We are grateful for the passionate team, partners, and clients that have allowed us to build the platform needed for this new reality. Today, we are humbled to join the Nielsen family, and we know there is no better place to achieve our vision on a global scale.”

TVTY has a U.S. presence in New York and operates in more than 20 countries worldwide.

Adam Jacobson

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