That's the opinion of SummitMedia CEO Carl Parmer, who's on the cover of Radio Ink Magazine. Parmer had a very successful run with Cecil Heftel and is now building his own company. In 1996 Heftel sold its stake to Clear Channel and Parmer signed a five-year noncompete covering major markets. Heftel and Parmer then purchased two Urban stations in Birmingham, turned them around, and sold them to Cox. But the economy soon went in the tank and Parmer sat on the sidelines, waiting for the right deal. He served on a few media boards, and then, as luck would have it, Cox was looking to sell some stations. In 2013, Parmer purchased 23 stations from Cox for $66 million. SummitMedia was born, and Parmer was back in the business. Parmer says there will be more assets to buy over the next five years. Here are his reasons...
According to the Denver Post, Denver-based Kroenke Sports & Entertainment is buying KIMN-FM 100.3, KXKL-FM 105.1 and KWOF-FM 92.5 from Wilks Broadcasting. KSE also owns the Pepsi Center, the Colorado Avalanche and the Denver Nuggets. The purchase price was not announced. KSE Media Ventures CEO Matt Hutchings said, "When these stations became available and were offered to us, we thought they would be a great addition to our media holdings. These stations have excellent local management and staff, which we look forward to welcoming to our family."
Our friends at Media Monitors say that JCPenney jumped up from #30 to #7 on its weekly chart of radio advertisers last week, airing just under 19,000 commercials. Jared was 8th with 17,705, moving up from the 86th position. The top two remain The Home Depot (53,698) and GEICO (39,801). Rounding out the top five were Walgreens (37,897), McDonald's (26,478), and Macy's (24,260).
When was the last time you had an opportunity to sit down with broadcasters, car companies, automotive suppliers, streaming radio providers, advertising agencies, aftermarket suppliers, and car dealers to think about how today's rapidly evolving automotive platforms impact your business? DASH, November 4 and 5is a can't-miss opportunity to get informed and brainstorm with a diverse group of colleagues about the issues that matter. These radio, auto, and tech leaders will be there. Will you?
On Wednesday at 1PM Eastern, Radio Ink will host a FREE webinar with Fred Jacobs called "The Six Big Things You'll Learn At DASH About The Connected Car." The dashboard in every automobile has become prime real estate and every company in the audio space wants a piece of that real estate. Is radio's place safe? What do managers have to do to keep their stations relevant. And, what do consumers want delivered to that space in their cars? Join us Wednesday at 1PM as we preview our DASH 3.0 conference being held in Detroit on November 4 and 5. REGISTER HERE.
The Ticket (WXYT-FM) in Detroit will remain the home station for the NHL's Detroit Red Wings and MLB's Detroit Tigers. The new multi-year agreement is an extension of a partnership that began 2001. The partnership includes play-by-play rights to both teams, as well as marketing and promotional activities across the CBS Detroit cluster of stations (WWJ-AM, WXYT-AM, WDZH-FM, WOMC-FM, and WYCD-FM).
Nominations are now open for Radio Ink's 2015 Best Local Sports Talkers in America list. For the past three years, WFAN's Mike Francesa has occupied the top spot. Can he do it again? Has another local sports talker (or team) had an outstanding year, big enough to overtake Francesa? Make your nomination for the 2015 Best Local Sports Talker HERE. See our 2014 list HERE. Your deadline to nominate is November 4.
New York's Public Radio powerhouse, WNYC will open the new podcasting division this week and plans to raise $15 million for new programming. According to The New York Times, part of the plan is for WNYC to distribute programs to other radio stations around the country. Up until now the station has used NPR to syndicate many of its shows. WNYC Chief Content Officer Dean Cappello said, "This is the way we will become a much, much bigger content company, period." WNYC says that its podcasts, which include "Freakonomics Radio" and Alec Baldwin's "Here's the Thing," are downloaded at least 20 million times each month.
The National Football League is partnering with TuneIn in a multiyear deal that will bring live play-by-play coverage of all NFL games to TuneIn Premium subscribers. Premium subscribers will have access to play-by-play feeds for all 32 NFL teams, including both the home and away feeds, national radio broadcasts, and Spanish-language broadcasts (where available). TuneIn Premium is available in the U.S. ($7.99 USD/month), Canada ($8.99 CAD/month), and the UK (Ł5.99/month).
iHeartRadio has introduced a new feature drawing from its algorithm technology that also emphasizes human curation. It's called "My Favorites Radio," and it gives users their own personalized station that can mixes genres. For example, if a user likes rap and country, that user will be able to hear songs from Fetty Wap to Kacey Musgraves. iHeart says My Favorites Radio becomes smarter and more personalized as a user listens throughout the service and thumbs up or skips songs.
Emily McIntosh is KGSR's new Music Director and Mid-Day Host. PD Haley Jones said, "Emily was the very first resume and tape I received. She was already in the building, doing weekends on 101X, so our search took us full circle. She gets Austin, she gets the brand, and most important I know she'll be a tremendous asset in helping to take KGSR to the next level." Emmis owns seven stations in Austin.
FM99 WNOR is located in Norfolk, VA, and owned by Saga. Morning man Rick Rumble has agreed to a contract extension through 2021. Rumble is the host of Rumble in the Morning, in the Hampton Roads market, which covers Norfolk, Virginia Beach, and Newport News. The station hosted a 20th Anniversary celebration in Rick's honor on October 10 when the new agreement was announced before a gathering of Rick's friends, family, and colleagues.
CBS Minnesota has the details about the conservative talker joining the race for the 2nd Congressional District seat that Republican U.S. Rep. John Kline will give up after 2016. In an announcement video Lewis said he'll put principle ahead of party and politics. Lewis ran for Congress in 1990 while living in Colorado. He did not win.
Kelly will take over as Program Director on October 19. He previously hosted morning shows at stations including WBHT, Wilkes-Barre, PA; WRVQ, Richmond, VA; WVKS, Toledo, OH; and most recently, at WAJI in Fort Wayne, IN. He has also served as night jock at WXLK in Roanoke, VA, and at KSLZ in St. Louis, MO.
Marla Kreps is the new National Sales Manager for Tejas Broadcasting. Kreps began her media career in television production and has also worked for Salem Communications. Tejas President Susan Lucchesi said, "Marla's experience in national sales and working with agency businesses will be an enormous advantage for all of the Tejas Broadcasting markets, our digital products, and stations across our company overall."
(By Chairman Eric Rhoads) We received quite a few comments about Eric's editorial on the Cumulus management changes that took place on the first day of the Radio Show in Atlanta, the hometown of Lew Dickey and Cumulus' HQ. In case you missed it, here it is again. Check out the comments that follow.
The winners of the annual Radio Ink Radio Wayne Awards were named Thursday morning at the Radio Show's Advertiser Breakfast, in categories including GM, Market Managers, and Director of Sales of the Year, with Beasley chief George Beasley taking this year's honors as America's Best Broadcaster. Seen here is Radio Ink Chairman Eric Rhoads, with all the happy winners. Who else took prizes? Click here to find out!
2016 is guaranteed to be a wild ride, with the elections, radio working to move on from what will almost certainly be a flat year for revenue, and unprecedented new competition. With so many variables, it's hard to get a clear outlook on the year ahead. But you don't need to rely on a crystal ball: At Radio Ink's Forecast 2016, set for November 17, 2015 in New York, you can hear a stellar lineup of panelists give their take on revenue trends and expectations for next year. Click here for more, and click here to register.
Mark LaNeve is VP of marketing, sales, and service for Ford, and in that role he oversees it all: the automaker's sales and service, its marketing and customer care, and dealer relations for both Ford and Lincoln. If you're wondering what the future holds for radio and automotive, this is the man who can tell you.
The awards are named after Detroit's own Bill Burton - the guy who tirelessly worked to promote the benefits of advertising on the radio to the automotive industry and whose famous mantra was "Be Fabulous." Bill passed away this past December. The "Be Fabulous" awards are a tribute to his incredible impact. HERE ARE THE DETAILS.
Opinionated, smart, and right in the heart of the digital audio transformation: That applies to both Adam Carolla and Norm Pattiz. And they'll both be at Jacobs Media and Radio Ink's DASH Conference in November. There are a lot of people doing podcasts today, but only a few know the secrets to making them successful. In this sitdown interview with Pattiz and Carolla, Jacobs Media President Fred Jacobs will explore what it takes to create and grow podcasts that hit the sweet spot with listeners and advertisers.
Radio has seen plenty of in-car competitors before, and radio has thrived. But the "connected car" is something different: Consumers are immersed in the Internet in a way they could never have been with radio's in-car competitors of the past, and there's no reason to think they won't love it in their cars just as much as they do in the rest of their lives. With the "connected car" now a reality, can radio survive? READ ON.
Author and veteran political consultant and commentator Dick Morris is joining the lineup at Forecast 2016 as a keynote speaker, where he'll be speaking about "Decoding the Presidential Race." "We are very pleased to have Dick Morris join us at Forecast," Radio Ink EVP Deborah Parenti said. "In what is proving to be a most unusual political season so far, his seasoned perspective should be of especially high interest to anyone trying to gauge where the future of the country and its economy may be headed."
iHeartMedia CEO Bob Pittman will be the keynote speaker at this year's DASH Conference, November 4-5 in Detroit. Eric Rhoads, Chairman/Publisher, Radio Ink, which co-presents the Dash conference with Jacobs Media, said "Bob Pittman is not only the great evangelist of radio, but he is also leading the radio industry into the future. We are honored to have him present his compelling and thought provoking vision to Dash attendees." Pittman added, "Radio is unequalled in terms of its importance to the consumer, and nowhere more than in the car. The first thing most people do when they get into the car is turn on the radio - because our personalities are your trusted best friends sitting next to you, providing the entertainment and information you need throughout your day. And with the growth of the digital dash, we have even more opportunities to make radio available where our consumers want to find it."
It's going to be a tumultuous 2016, and that's why we're so pleased to announce that Greater Media Chairman/CEO Peter Smyth and Sugarloaf Rock Capital Managing Partner Drew Marcus will be serving as co-chairs of Forecast 2016, set for November 20, 2015 in New York City. As Radio Ink Publisher Eric Rhoads says, "With so many critical business and financial issues continuing to face the radio industry, we are extremely pleased to have Peter Smyth and Drew Marcus provide their guidance to this year's Forecast."
Radio Ink's third annual DASH conference in Detroit, held in conjunction with Jacobs Media, will take place November 4 and 5 at the Westin Detroit Metropolitan Airport. If you were on the fence about attending, now's the time to jump off. Here's A LOOK at this year's agenda. The battle for audio space in the DASH continues to be one of the biggest issues facing broadcasters. This is a must-attend conference if you consider yourself a cutting-edge broadcaster.