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April 25, 2014

Top Story

CCM+E Q1 Revenue up 2%

CCM+E Q1 Revenue up 2%

CCM+E includes radio and Clear Channel says the $14 million increase over Q1 2013 was primarily due to an increase in its traffic and weather business and stronger national and digital advertising. CFO Richard Bressler says telecom, health care and auto were the top three categories for the company. The company did blame some of the slow growth in Q1 on the harsh winter weather and Bressler did not give hope for a strong Q2. He said pacings are down 1.9% with core stations pacing down 3%.


INDUSTRY NEWS

CCM+E Expenses Rise $26 Million

CCM+E Expenses Rise $26 Million

Clear Channel reported the $26 million operating expense - or 6% increase - was due to investments in national and digital salespeople, increased production costs for events such as the iHeartRadio Country Music Festival and digital and streaming expenses. The company also reported it had $20.4 Billion in long term debt.


Stock Drops After Pandora Reports

Stock Drops After Pandora Reports

Despite increasing revenue 54% in the first quarter of 2014, Pandora was trading down as much as 9% in after hour trading Thursday night. The company reported $180.1 million in Q1 revenue, 74% ($134.1 million) of which is now coming from mobile revenue. The company reported a loss approximately $29 million or about .13 per share. Pandora expects revenue in the range of $213 million to $218 million in Q2 and $880 million to $900 million for the full year. The company also expects EPS in the range of flat to 3 cents for the second quarter and 14 cents to 18 cents for the full year.


Pandora Nearly Doubles Price For 12 Month Sub

CFO Mike Herring made the announcement on the Thursday afternoon earnings call that 12 months of Pandora will now cost $4.99 per month (an increase from $3.99 per month). A Pandora One subscription allows a user to listen without commercials. At $59.88 for twelve months, that's nearly double the $36.00 annual price. Until now users could pay for one year at the $36.00 price. Pandora is eliminating the annual subscription and will now only offer the $4.99 per-month subscription. Anyone paying $3.99 will be grandfathered in.


SiriusXM Revenue Grows 11%

SiriusXM Revenue Grows 11%

It was the 9th consecutive quarter of double digit revenue growth for the satellite radio company. For the 1st quarter of 2014, SiriusXM generated $851 million in subscriber revenue and $22.2 million in advertising revenue. Add in equipment and other revenue and the total for Q1 was $997.7. CEO Jim Meyer said the company performed ahead of expectations in the quarter. Free cash flow grew 56% to $223 million, adjusted EBITDA climbed 28% to $335 million and adjusted EBITDA margin was 33.5% in the quarter.


Sirius Now Has 25.8 Million Subs

By adding 266,799 net subscribers in the first quarter, SiriusXM is close to 26 million paid subscribers. 26% of all automobiles on the road now have a SiriusXM radio receiver. There were 2.4 million new cars and 1 million used cars that took advantage of the free SiriusXM trial. Sirius expects a total of 11 million new car trial in 2014 that they will try to convert to paid subscribers. The company expects to increase subs by 1.25 million and bring in $4 billion in revenue in 2014.


Nielsen Revenue up 2.8%

Nielsen Revenue up 2.8%

Revenues for the first quarter at Nielsen increased 12.9% to a little under $1.5 billion, (an increase of 15.1% over Q1 of 2013), however, when Nielsen excludes the impact of the Arbitron and Harris acquisitions, the increase is only 2.8%. Free cash flow for the first quarter increased to $13 million from $(15) million in the first quarter of 2013 and cash flow from operations increased to $90 million in the first quarter of 2014 from $54 million in first quarter of 2013. The increases were driven by stronger operating performance and favorable interest payments. Read the Nielsen numbers HERE


Not Much About Radio From Barns

Not Much About Radio From Barns

If Radio people were tuning in to the Nielsen conference call it was most likely to hear if Nielsen CEO Mitch Barns would give any insight into when digital ratings for audio would be rolled out. It didn't happen. Mobile measurement for video hits the market in July, however, audio is still a work in progress. Barnes did say the market wants it and needs it and there are several things clients need to do. They need to include Nielsen's code into their apps and figure out how the metrics will be reported out to the market.


Wheeler Tries to Clear the Air

Wheeler Tries to Clear the Air

The Blogosphere was all atwitter the past 24 hours when it appeared the FCC was about to play favoritism with the speed of the Internet. At least that was the way some were interpreting things. FCC Chairman Thomas Wheeler is trying to put an end to what he calls Misinformation regarding the upcoming Notice of Proposed Rulemaking regarding the Open Internet. Here's what Wheeler posted in his blog called, "Setting the Record Straight on the FCCs Open Internet Rules."


Are Pirates Infesting Your Market?

Are Pirates Infesting Your Market?

Many broadcasters were not surprised at the number of Pirate radio stations that were allowed to operate for a significant period of time in and around the City of Boston. Some are still operating today. Radio Ink would like to know if this is happening all around the country. What are the chances this is only happening in one market? If you are aware of Pirate radio stations operating out in the open in your market, send all the details to edryantheeditor@gmail.com.


BIA: Local TV Revenue to Hit $20 Billion

BIA: Local TV Revenue to Hit $20 Billion

BIA/Kelsey is forecasting local television advertising will grow by nearly eight percent in 2014, after a slight decline in 2013. The firm projects combined local TV revenues (over-the-air and digital) to reach $20.7 billion. In 2013 BIA/Kelsey says local TV advertising took in $18.4 billion, $700 million was from digital. They are projecting $800 million in digital advertising to come in for local TV in 2014 and $1.2 billion by 2018.


Nissan Adds HD Radio to Murano

The 2015 Murano will be the first Nissan vehicle to offer HD Radio Technology according to a press release from iBiquity. The 2015 Murano is expected to arrive at Nissan dealers late in 2014. All Major Auto Manufacturers in the U.S. now offer HD Radio Technology.



READ ABOUT RADIO

Is KROQ Still Rocking?

L.A. Weekly has a lengthy piece on Clear Channel KROQ in Los Angeles and ask the question, "Has KROQ lost its ability to, well, rock?" The piece highlights that the station is now peppered with artists such as Macklemore, Lorde, Daft Punk and Avicii, none of whom could be considered rock. "It's quite possible that many of KROQ's fans over the years wouldn't recognize it today. In fact, KROQ now has a great deal of crossover with the pop-focused KIIS FM." READ IT(picture of DJ Ted Stryker courtesy L.A. Weekly)



PEOPLE IN THE NEWS

Coquia Promoted to PD in Phoenix

Coquia Promoted to PD in Phoenix

CBS' LIVE 101.5 (KZON) in Phoenix adds PD to Michael Coquia job description. Coquia is now APD, Music Director, and Mixer at LIVE 101.5. Coquia joined the staff of LIVE 101.5 in 2007 as Music Director, and was handed the APD responsibilities in 2009. His prior experience includes KPWR (Power 106) in L.A. and KKFR (Power 92.3/Power 98) in Phoenix. Dave Shakes, who was handling dual responsibilities as PD for both LIVE 101.5 and sister station, 94.5 KOOL-FM, will now focus on KOOL-FM.


Olin Takes Over for Raphael at MIW

Olin Takes Over for Raphael at MIW

Kay Olin (pictured) is the new spokesperson for the Mentoring and Inspiring Women Group. After six years of serving as MIW Radio Group spokesperson, Greater Media's Heidi Raphael has stepped down. Raphael said, "I cannot begin to tell you what an honor it has been serving as the groups spokesperson. It has been one of the best experiences of my life. I will continue to serve on the Executive Committee and contribute wherever and whenever I can."


Josh Hooper Leaving WCVO Morning Show

Josh Hooper Leaving WCVO Morning Show

After 3 years of Mornings with Mary and Josh at WCVO in Gahanna, OH host Josh Hooper announced that he would be leaving the show to take another position at the station. Pictured here (l-r) is the new show made up of Olivia Lomeli, Mary OBrien, and Greg Hansberry and Olivia Lomeli will now join Mary O'Brien.


SEND US YOUR BLAST FROM THE PAST

SEND US YOUR BLAST FROM THE PAST

Our "Blast From The Past" page in Radio Ink is our most popular page. We love your old pictures, ancient studio equipment, classic station vehicles and other great radio memories. Send pictures edryantheeditor@gmail.com. Here we have a young Steve Wexler, now Executive Vice President for Journal Broadcast Group.



TRENDING STORY

Boston Pirates Worse Than First Thought

Boston Pirates Worse Than First Thought

The plight of Boston Pirate radio station Touch 106 has generated a lot of interest from broadcasters. One Boston GM tells Radio Ink the situation in Boston is a lot worse than anyone knows. There's even a website that keeps track of the Pirate stations, what happens to them, and what doesn't (CLICK HERE). The Governor defended Touch 106, even though he knows it's illegal, after the feds shut the station down. The Boston GM Radio Ink spoke to says, "It's odd that Patrick has praised an illegal station operator who, for years, has been outwardly defiant towards towards a major government agency."


Who Are the Most Influential Women in Radio?

Who Are the Most Influential Women in Radio?

Every June, Radio Ink magazine highlights the tremendous accomplishments of radio's most successful women. For the past 15 years, our Most Influential Women in Radio issue has been one of our most popular, as every woman we profile gives specific details on how she got into radio and climbed up the ladder of success. Also in this issue, we highlight a radio legend, someone who has, year after year, had tremendous success in radio and has also moved the industry forward in a positive way. Send your nominations to edryantheeditor@gmail.com.



WEDNESDAY BLOGGERS

<b>(SOCIAL)</b> Your Social Media Content Plan

(SOCIAL) Your Social Media Content Plan

(By Loyd Ford) When it comes right down to it, many radio clusters and individual radio stations dont have an effective social media plan designed to help them get results for goals they have for engaging actual local audience and for growing higher participation with their brand or brands. Thats a shame. With a little focus, effort and consistency, you could actually turn your social media into a powerful set of tools for growing social media presence, ratings, and even local-direct revenue for your cluster.


<b>(TALENT)</b> Green Side Up

(TALENT) Green Side Up

(By Ron Robinson) In a recent article, the writer singled out radio station copywriters whether they were actual members of an actual creative department or the forlorn and reluctant salespeople who also got saddled with the job of typing the hype. They were noted for being compelled by management to write copy that was, at best, "not offensive." Now, theres a strategy for producing wildly successful advertising!


<b>(COPYWRITING)</b> Hold the Phone

(COPYWRITING) Hold the Phone

(By Jeffrey Hedquist) When was the last time you wrote down a phone number you heard on a radio commercial? I thought so. Do you really expect any other listener to do it, especially while theyre driving? Millions of dollars in radio time are wasted each year promoting phone numbers no one responds to, and yet clients keep asking to have their numbers put in radio commercials, thinking that radio works like print. It doesnt.



MONDAY BLOGGERS

<b>(SALES)</b> Do What You Fear

(SALES) Do What You Fear

(By Sean Luce) Doing what you fear is easier said than done, I promise you. How many of us really take on the thing we fear the most and conquer it or continually challenge it until we overcome that fear? The sales profession has a graveyard of people who couldnt overcome their fear of call reluctance and settled for something lesser than taking on their fears and reaching their true potential.


<b>(SALES)</b> Does Social Media Sell?

(SALES) Does Social Media Sell?

(By Jeff Schmidt) P.T. Barnum said, There is no such thing as bad publicity, as long as they spell my name correctly. I wonder if US Airways feels that way this week. I consider myself pretty plugged in and aware when it comes to social media, but I freely admit I learned a new acronym today. NSFW: Not Safe For Work. I learned this over the fracas caused by a US Airways (@USAIRWAYS) tweet. In case you missed it, US Airways had a tweet go viral in an historic way.


<b>(PROGRAMMING)</b> Who Are You Programming To?

(PROGRAMMING) Who Are You Programming To?

(By Tom Watson) Digital, Internet, terrestrial no matter what the platform may be for your programming, there is one rule that still applies: Local content is king. Live and local wins every time. Ive said this many times over the years: Music alone is not a strong enough benchmark to make and keep your station number one. Im addressing the money demographics, the 30-plus adults, not the millennials of 12 to 30.



RADIO INK CONFERENCES

CONVERGENCE SPEAKERS WANTED

CONVERGENCE SPEAKERS WANTED

Are you leading the charge to grow digital revenue at your station or company? Are you one of those on the cutting edge of digital technology? Are you willing to share your knowledge, experience, and success with the entire radio industry? Radio Ink is looking for speakers and presenters for Convergence 2014, the longest-running conference where great radio and digital minds merge. Take a look at our 2014 Agenda and contact Deborah Parenti at parenti@aol.com or fill out this form if you'd like to be part of this year's event.


Are You Banking Enough Digital Revenue?

Many believe radio's big growth spurts will come from the digital side of the business. Quarter after quarter, the Radio Advertising Bureau reports how digital revenue for radio is exploding as over-the-air revenue remains mostly flat until another political ad bonanza comes along to give it a jolt. If you want to learn how to increase your digital revenue, consider attending Radio Ink's Digital Audio Conference, Convergence, June 4 and 5 at the Santa Clara Convention Center in the heart of Silicon Valley. Our 2014 agenda has been posted HERE. If you would like to be considered to speak on a panel and help radio generate digital revenue GO HERE. REGISTER HERE.



RADIO INK

TELL US ABOUT YOUR SALESPEOPLE

The Programming Department at your radio station is very good at telling us when they hire a new PD, morning show or afternoon drive jock. And we love to write about them. We also know how important salespeople and sales managers are. They are grinding it out on the streets with more competition than ever in an economy without a Mustang engine. We also want to brag about your sellers. Tell us all about your new sales hires, Sales Manager promotions or company award winners. Everyone loves to see their name in lights...some like the extra pat on the back more than money in their pocket. Send all the details - and a photo - to edryantheeditor@gmail.com









Blast From The Past
Dust off your old radio pictures and send them to edryantheeditor@gmail.com

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Station Vehicle Gallery
Radio stations from all over the country have sent in pictures of their mobile marketing machines. Here are some of the most creative vehicles being used in the industry today. Send your picture to edryantheditor@gmail.com.
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