With $65.9 million in revenue in 2014, iHeartMedia's Los Angeles CHR KIIS-FM is the new number-one billing radio station in America, according to BIA/Kelsey. Hubbard's WTOP, which held the top spot for the previous four years, dropped to number two, taking in approximately $63.5 million -- the same amount that helped the all-news station take the top spot in 2013.
On hearing the news that KIIS-FM had become the number-one billing radio station in the country, Market Manager Greg Ashlock told Radio Ink that KIIS-FM is a mega brand that enjoys a fantastic para-social relationship with its 4-plus million listeners in the market. And Ashlock believes there is still room to grow.
With $210.6 Million coming from five of the top billing stations in the BIA/Kelsey top ten, CBS Radio outbilled iHeartMedia by $9 Million. iHeartMedia landed four stations in the top ten, with Hubbard's WTOP the only other company able to crack that list. Half of the top ten consisted of spoken word formats with four being news and one sports (WFAN in New York). Here's how those top ten stations finished in 2014...
To no one's surprise, overall radio revenue in 2014 ($14.9 billion) was flat compared to 2013 ($14.8 billion) -- that's according to BIA/Kelsey. Over-the-air radio revenue was $14.3 billion, compared to $14.3 billion in 2013, while online revenue was $636 million, compared to $570 million in 2013. BIA/Kelsey forecasts both sources of radio income will continue growing at a slow pace over the next few years, reaching $16.2 billion overall in 2019.
In their latest blog update, the team at NextRadio says that due to the great response and constructive feedback, a second flight of NextRadio radio ads are scheduled for April. They will run through June. Radio stations have been running the ads in an effort to educate the consumer about the FM Chip and NextRadio. The new ads will focus on the benefits of an activated smartphone FM radio. Emmis CEO Jeff Smulyan has also scheduled a conference call to discuss the results from the first awareness campaign. To listen in to the call, GO HERE .
How are your reporters covering news today? For nearly two decades, Neal Augenstein has been an award-winning reporter with WTOP-FM and wtop.com. He's believed to be one of the first major-market radio reporters to do all his field reporting on an iPhone. The Newseum recently displayed one of Augenstein's phones as "an artifact of the new era of mobile-empowered reporting," according to the tech site Mediashift, where Augenstein reflected on his five years as an iPhone reporter. READ ON...
Cumulus station WSJZ-FM in Melbourne is now "All-New 95 Rock, Brevard's Rock Station." WSJZ-FM and WINT-AM were a Sports combo; the AM will continue to carry ESPN Radio. The new on-air lineup includes Bubba the Love Sponge, Marci Wiser in Middays, Pyke@Night, and Loveline for Late Night. 95 Rock is also searching for a new PD/afternoon drive host. Interested candidates can apply at email@example.com (EEO) with the subject line: 95 Rock.
Radio stations are facing more competition than ever. With constant demands from owners and headquarters to sell more, there's almost no time left to devote to training, brainstorming and development. Radio Ink magazine is now offering an affordable, effective way for you to attend training that will help you get more clients, increase sales, increase the size of your paycheck and stay motivated. Our April 28 webinar will feature hiring expert Laurie Kahn. REGISTER HERE
Townsquare Media announced on Wednesday the closing of an offering of $300 million in aggregate principal amount of its 6.500 percent senior notes due 2023. Townsquare also announced a $325 million senior secured credit facility, including a new seven-year, $275 million term loan. Both were to complete the company's previously announced redemption of the outstanding 9.00 percent senior notes due 2019, in aggregate principal amount of $410.9 million.
Effective immediately, Nathan Tonarelli takes over as vice president of sales for iHeartmedia's Milwaukee cluster where he's been group sales manager for the past 10 years. Tonarelli's experience also includes working as the non-traditional revenue manager and as an AE - both at iHeartMedia Milwaukee.
Shannon Kelley transitions into the newly created position of corporate director of digital content for Beasley Broadcast Group, from her position as director of digital content for the Beasley Media Group, Charlotte cluster. The focus will be designing and implementing digital content strategy. Kelley will be based in Charlotte, and reports to VP of Programming Justin Chase. More...
Ilwira Marciszek (pictured) has been promoted to director, ad operations from senior manager, and Stephanie Vance moves up to director, revenue planning and development from manager, business operations. Marciszek is a digital advertising operations specialist specializing audio campaigns and ad-serving technologies. Vance manages AdLarge's portfolio focusing on advertiser and marketplace needs. More...
ASCAP has promoted Christine Pepe to VP of business and legal affairs. Pepe will continue to be responsible for structuring and negotiating licenses and other agreements, as well as providing legal and business support to the ASCAP Foundation and the ASCAP Legislative Fund for the Arts. Pepe joined ASCAP in 2008 as director of legal affairs. Prior to ASCAP, Pepe practiced copyright and entertainment law at the New York Office of McDermott, Will & Emery.
VP and General Manager of Capitol Broadcasting Company, James F. Goodmon, Jr., will receive the first-ever Digital Leadership Award at the 2015 NAB Show. The award will be presented during the Technology Luncheon, April 15 in Las Vegas. CBC New Media was one of the first companies to successfully deliver over-the-air digital signals to mobile devices.
Thanks to Robert Sobczak for sending us this Blast From the Past. This is Larry Anderson at WGR in Buffalo. As a teenager and president of his High School Radio Club, Robert set up tours of Buffalo Radio stations. He took this picture in 1979. Read More About This Blast From the Past...
In a recent interview, Pandora Chief Financial Officer Mike Herring told Fox Business Network that the Pandora streaming music service would "definitely" be included in Apple CarPlay and the Watch. Herring said the two companies have a "frenemy kind of relationship," undoubtedly referring Pandora's streaming music service and Apple's iTunes Radio.
The surge over 900 percent on the stock forced the Nasdaq OMX Stockholm exchange to halt trading on the stock. The stock price is correcting, with shares now down over 60 percent.
International marketing agency Prophet recently ran a study to see if millennials really want a connected car, the results will be, to many, surprising. Nearly 70 percent of millennials would rather buy a used car and spend the saved money on gadgets, recreation, or travel. Sixty-eight percent also noted that they don't see connected car tech that important, once they have a smartphone with Internet for communications and navigation, reports popsop.
(By Jeff Schmidt) The most effective goal setting is "bottom up." It may start with a conversation like this: Bill: How much do you want to make next year? Jeff: $100,000. Bill: What would you do if you made that kind of money? Jeff: Buy a new car, a Mercedes Benz S500. Bill: Hang a picture of that car on your wall.
(By Jon Horton) If you have worked in sales for at least a week, you have surely been exposed to the concepts of features/benefits. Exposure, of course, doesn't guarantee comprehensive understanding. Every time I read an article about features/benefits (which I did last week), I have to pause long enough to mentally sort out the differences.
(By Loyd Ford) We see it all the time. Pass-alongs. Radio passes along TMZ "stuff." They pass along funny little videos from YouTube, but radio and local radio has always had the ability to be nimble, use our local personalities and creativity and rock out our own content. What if you shifted local content onto YouTube, Twitter, and Facebook that brought people back to your website, on-air, and in social media purposefully to start more local conversation?