Radio+Television Business Report

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The Financial + Regulatory Voice of Electronic Media
Updated: 35 min 15 sec ago

From Townsquare to Alpha Media For a New Regional Leader

5 hours 20 min ago

She has experience at the now-defunct Regent Communications, and joined Townsquare Media with that company’s acquisition of Regent more than a decade ago. Starting in Flint, Mich., this sales executive shifted to New Jersey and then returned to Flint in December 2013 after a year working for iHeartMedia in Chicago.

Now, after nearly eight years in her second stint at Townsquare, Zoe Burdine-Fly is flying off to Alpha Media.

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Categories: Industry News

The Course of Advertising Has Shifted. Here’s What You Need to Know

7 hours 32 min ago

The year 2020 was a year like no other. A pandemic of global proportions will be written into the history books. So will actions tied to a summer of activism brought on by social unrest and renewed questioning of the “status quo.”

A call to action came to fruition as never before seen. And, CMOs and Brand Managers are paying attention as consumers watch and listen to how brands are reacting. Creative directors and media buyers are shifting greater focus and budget to better reach a more diverse audience. Yet, Hispanic advertising executives continue to lament that even with Census 2020 data in their hands, the ad spend versus the population remains out of whack.

What can your media company do? Ensuring someone sits in on an exclusive Forecast 2022 session devoted to the new American mainstream and how marketing and advertising must reach all consumers is a session definitely worth attending.

At Forecast 2022, Deborah Wahl, Global Chief Marketing Officer at General Motors, sits down with American Urban Radio Networks CEO Chesley Maddox-Dorsey for an exclusive conversation on GM’s commitment to increased minority media expenditures along with her thoughts on how broadcast media fits into GM’s marketing strategy.

They will be joined by Doug Ray, Chief Product Officer, Global Media at dentsu Americas, who has been instrumental in the creation and launch of Project Booker, an initiative focused on African American-developed and -owned content that is being distributed on African American-owned radio and is leading the way in how the global media agency community is doing business with African American-owned media.

REGISTER NOW!

Take advantage of Early Bird Registration while it is still available. To secure your seat in New York, simply click here.

Categories: Industry News

Nielsen’s Principal Accounting Officer To Exit

7 hours 49 min ago

He joined Nielsen in July 2016 as its VP of Finance, working his way up to SVP and Corporate Controller and Principal Accounting Officer in December 2019.

Effective November 12, this C-Suite executive will no longer be a member of the Nielsen family.

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Categories: Industry News

Black Consumers Are Cord-Cutters, Too

7 hours 49 min ago

As traditional cable and satellite providers struggle to retain customers in the highly competitive and increasingly fragmented streaming media ecosystem, Black audiences, largely known as loyal cable and satellite television customers, are increasingly opting to cut the cord.

That’s the key takeaway from a new Horowitz study, released Wednesday.

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Categories: Industry News

Pro Tips for World Class Virtual Presentations

7 hours 52 min ago

Virtual meetings will remain a major part of how we work for months, or perhaps years.

And, as longtime public relations professional and “Zoom” expert Rosemary Ravinal sees it, this will provide new opportunities for those who acquire the skills necessary to deliver world-class online presentations.

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Categories: Industry News

The Latest Move for Ed Stolz: Bankruptcy

9 hours 35 min ago

With the final fate of his former FM radio stations still in limbo, as the FCC has not said yes to a transfer of control of the properties to VCY America from court-appointed receiver Larry Patrick, the most infamous licensee in the American West has moved forward with a voluntary Chapter 11 bankruptcy filing.

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Categories: Industry News

A TV Broadcasting Company Advances Its Broadcast Internet Push

10 hours 35 min ago

A broadcast company that says it is on the cutting edge of technology and the next generation of content delivery throughout the U.S. has just taken a big leap forward by selecting Hewlett Packard Enterprise (HPE) to power its next-generation ATSC 3.0 broadcast internet network — the potentially profit-generating benefit linked to what powers NEXTGEN TV.

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Categories: Industry News

WO Streaming Acquired by Audacy. It’s Being Renamed

11 hours 35 min ago

Audacy has acquired “an exclusive, perpetual license” to WideOrbit’s digital audio streaming technology and the related assets and operations of WO Streaming — a cloud-based distribution and monetization platform for live and on-demand audio streams.

The acquisition, recently hinted at by Audacy, Inc. thanks to an SEC fiing, gives the company formerly known as Entercom control of the WideOrbit digital audio tech business.

President/CEO David Field says it “perfectly complements” Audacy’s organic investments to make the company’s digital platform a top choice for listeners, clients and partners.

Audacy will operate WO Streaming under the name “AmperWave.”

Importantly, the entire WO Streaming team, led by John Morris, SVP of Streaming, has joined Audacy.

While terms of the transaction were not disclosed, the WO Streaming deal is directly tied to Audacy’s October 13 statement that it planned to offer $45 million in aggregate principal amount of subsidiary Audacy Capital Corp.’s 6.500% senior secured second-lien notes due 2027.

The “Additional Notes” served as what’s called on Wall Street an “ad-on offering,” and it was done expressly for Audacy to complete “a small digital acquisition” for approximately $40 million.

That would be the price tag of this WideOrbit deal.

In addition to its radio and digital audio products, WideOrbit is highly active in the broadcast and cable television space, in addition to programmatic TV buying. Led by CEO and founder Eric Mathewson, WideOrbit is now poised to focused solely on visual media.

Categories: Industry News

Gray Taps Lenders For Meredith Local Media Purchase Cash

12 hours 4 min ago

As announced in May, Gray Television has agreed to acquire Meredith Local Media. One month later, after an unsolicited counteroffer emerged, Gray sweetened its deal, agreeing to pay $2.825 billion in cash.

Now, in order for Gray to satisfy terms that call for Meredith Corporation shareholders to receive $16.99 per share in cash and 1-for-1 equity share in post-close Meredith, it is amending and restating its senior credit facility while concurrently seeking an additional incremental term loan valued at $1.5 billion.

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Categories: Industry News

Buzzards Circle Around Buckeye State Combo

20 hours 20 min ago

An AM/FM combo, along with an FM translator, serving a small Ohio municipality is being spun.

That could explain the buzzards flying around the building, if you will.

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Categories: Industry News

Stronger Slate Powers Netflix In Q3

Tue, 10/19/2021 - 16:15

“After a lighter-than-normal content slate in Q1 and Q2 due to COVID-related production delays in 2020, we are seeing the positive effects of a stronger slate in the second half of the year.”

That’s the collective assessment of Netflix co-CEOs Ted Sarandos and Reed Hastings, CFO Spence Neumann, COO and Chief Product Officer Greg Peters, VP of Investor Relatons/Corporate Development Spencer Wang, as the OTT giant released its third-quarter earnings report following Tuesday’s Closing Bell on Wall Street.

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Categories: Industry News

From Discovery to Purchase: The Role of Community Commerce

Tue, 10/19/2021 - 14:59

What is the role social communities play in influencing purchase decisions?

WARC, in partnership with TikTok and Publicis Groupe, came together for a just-released study that helps answer that question. Their work outlines what they say is “the huge potential for brands to engage with audiences and increase unplanned purchases by narrowing the funnel between product discovery and purchase.”

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Categories: Industry News

Ex-Telemundo Local Leader To Lead Scripps Texas Duo

Tue, 10/19/2021 - 14:45

Starting Monday (10/25), a pair of ABC affiliates in the Lone Star State owned by The E.W. Scripps Company will have a new VP/GM.

It’s an individual whose most recent TV industry role was as President/GM of the NBCUniversal-owned Telemundo affiliate serving Denver.

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Categories: Industry News

After Ed Woloszyn’s Passing, Gray Selects Successor

Tue, 10/19/2021 - 14:45

Ed Woloszyn, the General Manager of dual CBS/Fox affiliate KEYC-12 in Mankato, Minn., recently died following a brief cancer fight.

Now, Gray Television has chosen the individual who will take over the station’s leadership role. It’s a woman who has been News Director for a former Quincy Media, Inc., property in Rochester, Minn.

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Categories: Industry News

Increased Funding for Public Broadcasting Seen in Draft Bill

Tue, 10/19/2021 - 12:02

America’s Public Television Stations is cheering the Senate Appropriations Subcommittee Chair for recommending $565 million for the Corporation for Public Broadcasting for Fiscal Year 2024.

This chairman’s mark, courtesy of Sen. Patty Murray (D-Wash.), will likely serve as the basis for negotiations with the House of Representatives on the final appropriations bills. The U.S. House of Representatives has already approved the same $565 million for CPB in the two-year advance funding for FY 2024.

In addition, the draft Senate bill providing appropriations for Labor, Health and Human Services, Education and Related Agencies also includes $30 million for Ready To Learn and $20 million for public broadcasting interconnection.

“This is an important day for public television,” said Patrick Butler, president and CEO of America’s Public Television Stations. “We lost $100 million in purchasing power over 10 years of flat federal funding, and this chairman’s mark would restore much of that loss — and with it our ability to provide the educational services, the public safety communications, the civic literacy and the beloved programming which millions of Americans need and value.”

Butler adds that APTS is also appreciative of the $20 million in FY 2022 for the annual station interconnection account, and for $30 million allocated for Ready To Learn, a competitive grant program at the Department of Education that supports the creation and distribution of educational media content to millions of children across America.

Categories: Industry News

Roger Wahl To Face FCC In ‘HDO’

Tue, 10/19/2021 - 11:59

In mid-March, the septuagenarian owner of a Class A radio station serving a rural portion of Western Pennsylvania returned to the airwaves after a short absence. His return was controversial: on November 16, 2020 this individual was placed on a three-year “restricted probation” for a series of criminal sexual acts at a sentencing hearing that most believed would save him from a FCC license revocation hearing.

Seven months later, the Chief of the Commission’s Media Bureau has spoken up. Roger Wahl is on notice that he could loose control of WQZS-FM in Meyersdale, Pa., as a Hearing Designation Order has been sent to his attention.

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Categories: Industry News

Gordon Borrell Has Something To Say. You Can Only Hear It Here

Tue, 10/19/2021 - 10:15

When Gordon Borrell, the respected local ad trend expert who serves as CEO of Borrell Associates, sits down with four top radio and television executives at Forecast 2022, their  perspectives, projections and visions for the broadcast industry will likely be shared. A lively discussion of broadcast media’s opportunities, digital competitors and regulatory challenges is also expected.

What will they say? You won’t be able to read it here, or anywhere else, as it is an exclusive no-press session at Forecast 2022.

To hear what Borrell and his panelists have to share, you have to be in New York.

No press coverage. No recordings. Full freedom to express their thoughts with no cameras or microphones.

Who’s on the panel?

Caroline Beasley
CEO
Beasley Media Group Brian Lawlor
President/Local Media
The E.W. Scripps Company

 

Debra OConnell
President of Networks
Disney Media & Entertainment Distribution Bill Wilson
CEO
Townsquare Media

 

Don’t miss out on hearing what these top leaders have to say — along with the chance to see them face-to-face.

We invite you to register NOW to secure your seat at Forecast 2022.

 

Check out the Full Agenda Here.
Forecast 2022 is set for The Harvard Club in New York on Tuesday, November 16.

Register NOW.

Categories: Industry News

Porretti Promoted At Katz

Tue, 10/19/2021 - 10:09

Katz Media Group has elevated a veteran of the media sales organization to the role of Katz Digital Audio president.

Taking the new post: Scott Porretti. He will continue to report to CEO Mark Gray.

Porretti has been within Katz Digital for several years, rising from SVP to EVP of Katz Digital after four years in May 2018. He’s also been a SVP of Katz Radio Group, overseeing a sales team comprised of more than 250 people working across seven sales divisions.

At Katz, Porretti is spearheading the rollout of the Katz Intelligence Manager (KIM), described by the company as “a state-of-the-art proprietary audience technology for the digital audio marketplace.”

Gray said, “Scott’s in-depth knowledge and vast background in developing audio solutions across a variety of platforms has helped Katz grow its diverse digital offerings and proprietary technologies. Scott’s effective team leadership style, and his extraordinary vision in this marketplace, has catapulted Katz Digital to a place where it is now viewed by advertisers as a one-stop-shop to reach diverse audiences with unparalleled scale.”

Categories: Industry News

The InFOCUS Podcast: National Cybersecurity Alliance

Tue, 10/19/2021 - 09:59

On Sunday, it became known to viewers across the U.S. that Sinclair Broadcast Group had suffered a cyberattack, crippling newsrooms across several markets. This ransomware incident follows similar incidents at Cox Media Group, Audacy, Urban One and Max Media.

How could this happen? What should a media company consider to prevent it from happening in their organization — or is a cyberattack inevitable?

In this InFOCUS Podcast, presented by dot.FM, Lisa Plaggemier, the interim Executive Director with the Washington, D.C.,-based National Cybersecurity Alliance, offers important insight and intelligence on the subject in an exclusive interview with Editor-in-Chief Adam R Jacobson.

Listen to “The InFOCUS Podcast: National Cybersecurity Alliance” on Spreaker.

Cyber Threats and How to Protect Your Organization Cyber threats are coming fast and furious nowadays. Every day we hear of another ransomware attack or data breach, and it seems that the cyber adversaries are taking over companies unopposed. Cyber security expert Steve Morgan, founder of Cybersecurity Ventures and Editor-in-Chief at Cybercrime Magazine, sits down with Juliet Huddy for a provocative interview that will cover, in non-technobabble, how the cyber adversaries are doing it,  why people and companies are in the dark when it comes to cybercrime, and what they can and should do to protect their organization.

 

Attend this session in person ONLY at Forecast 2022!
For more information and to register, please click here.
Categories: Industry News

Audacy/Wichita Vet Takes Imaging Role At Benztown

Tue, 10/19/2021 - 09:41

Radio imaging, voiceover, programming, podcasting and jingles company Benztown has promoted its Custom Imaging Manager to Director of Custom Imaging.

Concurrently, Benztown has filled the Custom Imaging Manager spot with a 13-year veteran of Audacy’s Rhythmic Top 40 known as “Power 93.5” in Wichita.

Royce Stevenson, formerly of KDGS-FM in Wichita, is stepping into the role previously held by Thomas Green.

That’s the individual who in 2019 joined Benztown after serving as Audio Producer for the popular Australian morning radio show “Fifi, Fev & Byron.” Green was also Audio Producer for “Carrie & Tommy” and for multiple Hit Network programs across Australia.

Green is currently based in Brooklyn, NY.

During his 13-year tenure with KDGS, Stevenson was the Production Director for the station cluster and did station imaging for KDGS-FM and KEYN-FM, a Classic Hits station. He was most recently Assistant Brand Manager/Music Director for KDGS-FM, and hosted afternoon drive on the station.

Categories: Industry News

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