Larry Wilson's Alpha Media is purchasing Dean Goodman's entire company. This purchase will nearly double the number of markets Alpha is in (28 to 54), and make it the fourth-largest radio company in terms of number of stations. Speculation was that Goodman did not want to sell, but his investors wanted out and so the stations became available; Goodman was said to be attempting to replace primary backer Garrison Investment Group. And, with this announced sale, it's now clear that did not happen. Digity has 116 stations in 26 markets with $73 million in annual sales, according to BIA/Kelsey. Among the markets Digity is in: West Palm Beach; San Jose; the suburbs of Dallas and Chicago; Greenville-New Bern, NC; Myrtle Beach, SC; Lincoln, NE; and Mankato, MN. READ ON.
Saga CEO Ed Christian and CFO Sam Bush pack a lot of information -- and entertainment -- into a 17-minute earnings call. The company had $34.4 million in Q2 revenue, a 1.6 percent increase over 2014. National revenue, which has been receiving a lot of attention lately, was up $100,000 to $4.5 million. National was 12.1 percent of Saga's Q2 revenue. The company had $36.1 million in debt at the end of the quarter and $27.4 million in cash on hand. Looking ahead to Q3 Christian said it's much of the same, pacing is down slightly and flat excluding political.
Analyst Barton Crockett, who covers SiriusXM, gave the FM Chip and AM/FM radio a little bit of love on CNBC Tuesday. While he did say people love AM/FM radio, he also emphasized that there's a lot of growth in new services like SriusXM and Pandora, even though neither SiriusXM nor Pandora are really new anymore. CNBC Host Tyler Mathisen did radio a much bigger favor. He said even though he has Pandora, Spotify, and SiriusXM in all his vehicles, he still listens to radio more than any other. CHECK OUT THE 1:34 VIDEO HERE.
Over 1,000 people attended the recent Podcasting Movement Convention in Texas. One of those people was former Saga executive Steve Goldstein who left radio to join the podcasting revolution by launching a new company called Amplifi Media. Goldstein blogs about the conference, which he compared to a radio conference of many years ago, ripe with youngsters making this growing industry popular. Goldstein says his top takeaway from the event was that there is a world of audio beyond AM/FM and a great deal of passionate audio creators. READ ON....
The show, which begins on August 27 (on SiriusXM Channel 111), sounds similar to Ken Rutkowski's Business Rockstars Radio Show. This new program is called Entrepreneurs are Everywhere, and will be hosted by Steve Blank (pictured), the entrepreneur-turned-educator and creator of the Lean Startup movement. Entrepreneurs are Everywhere will feature founders of companies from across the United States sharing their experience of what it takes to build a startup -- from restaurants, to rocket scientists, to online groceries, to online gifts and more.
Nielsen is reporting that 245 million Americans (12 plus) tuned into radio during the second quarter of 2015. In fact, according to Nielsen's latest Audio Today report, in each of the past two years, the national weekly radio audience has reached all-time highs. The Nielsen numbers translate to 91% of the population (12 plus) who are listening to radio in a given week in 250 markets across the country.
Nielsen says, since 2011, the weekly national Hispanic audience has grown 11% (from 36.5 million to 40.4 million). The national average for all Spanish-language radio formats combined is a 6.1% audience share, according to Nielsen. The map pictured here from Nielsen compares each state to that average. Those that are sunstantially higher than the national average include California (19.1%), Texas (16.5%), Nevada (13.1%), Florida (11.1%) and New Mexico (10.1%).
Nielsen says, since 2011, the weekly national Black radio audience has grown 5% (from 29.8 million to 31.3 million). Nielsen says the national average for all Urban formats combined is a 7.7% audience share. Take a look at the western United States in this map Nielsen provides. It shows a huge difference in the format compared to the eastern side of the country. Geographically, the states with the highest share of Black consumers listening to Urban radio formats are: Mississippi (29.9%), Louisiana (28.8%), Georgia(26.6%), South Carolina (23.5%), Alabama (19.4%), and North Carolina (17.9%).
Media Service Group's Bill Cate tells us that Monte Spearman's High Plains Radio Network is expanding its Texas radio holdings to neighboring Arkansas. Spearman is buying Scott Gray's 3 FMs in Mountain Home for $820,000 in cash. The stations are KYMT-FM, a class A licensed to Gassville, AR; KJMT-FM, a C-3, licensed to Calico Rock, AR; and KCMC-FM, also a C-3 licensed to Viola, AR. All are owned and operated by Malvern Entertainment Corporation and Gray Media Corporation of Alexander, Arkansas. Gray, a consulting engineer from Little Rock, has no other radio holdings.
GatesAir has added another seven patent awards to its 238 previous U.S. and global patents. The seven patent awards span a variety of technical inventions, including: Predictable Coding Delay over Communications Networks; Operation of an Antenna on a Second, Higher Frequency; Systems and Methods for Presentation of Digital Media at a Mobile Platform; and Broadband High-Efficiency Amplifier System Incorporating Dynamic Modulation of Load Impedance.
Crystalyn Portwood joins her old boss at iHeartMedia. Portwood has been hired as Director of Sports Sales and will oversee sales for iHeartMedia's flagship teams, including the Denver Broncos, the Colorado Rockies, and the University of Colorado Buffalos. Portwood moves to Denver (market # 19) from St. Louis (market # 22) where she was LSM for CBS Radio under then GSM Tim Hager. She took over as GSM when Hager joined iHeartmedia as Senior VP of Sales for iHeartMedia Denver.
Digity's Country powerhouse in Greenville-New Bern, North Carolina, has a new afternoon driver. Tom Lawler joins the station beginning August 10, filling the slot vacated by PD/Music Director Tommy Garrett, who resigned in July. Lawler previously worked for the Digity Greenville-New Bern-Jacksonville cluster at Rock 105, WXQR, doing middays. He also worked for many years in the New York City market, first at WOR-AM and the WOR Radio Network as a producer, and at WCBS and CBS-FM as a producer and production assistant.
Cumulus New York makes the announcement that New York broadcast veteran and current Cumulus NY GSM Mary Jo Vetrano is the new GSM for Cumulus's R&B station, Radio 103.9 WNBM. Vetrano, a 20-year veteran of New York City radio sales, was named GSM at WPLJ in 2012, and will continue in that role. Vetrano previously held senior positions at CBS' 1010 WINS and Cumulus New York's Talkradio 77WABC.
Simpson left Washington D.C. radio back in 2010 after 41 years in radio, television, and movies. Radio One has pulled Simpson out of retirement and slated him for afternoons on MAJIC 102.3. Regional VP Jeff Wilson said, "Donnie is iconic. The D.C. market woke up to his voice for 30 years and we are thrilled to bring him out of retirement and behind a microphone again."
Tasha Blasi Pannuzzo is returning to Westwood One, this time her job title will be Senior VP, Marketing & Sales for NASH. It's a new position, created for Blasi, in which she will oversee client relations, brand partnerships, and multi-platform integrations for all NASH programming. Blasi worked at Westwood from 2005-2011 as a salesperson, before moving up to manage the Business Radio Network and lead sales and marketing for the launch of the Wall Street Journal Radio assets.
Mix 96.5 has announced the Dave, Mahoney & DK Morning Show will debut Monday, September 14. The team is moving to Houston (market #6) from CBS' KXTE-FM in Las Vegas (market #32) where they were for six years. Midday host Lauren Kelly is holding down the fort until the new morning show arrives. Kelly will shift back to middays September 14. The station is also celebrating its 25th anniversary playing the Hot AC format.
Twenty-three men and women from the broadcast industry completed the NAB Education Foundation's Executive Development Seminar in July at NAB headquarters in Washington D.C. Participants learned how to implement strategy for successful business development, including the areas of finance, negotiations, and decision-making. Managerial effectiveness was explored, including leadership theory, formulating human capital strategy, and how to motivate employees.