Those are the words of Entercom CEO David Field as he looks out at the lay of the land for 2016 and states "our business is off to a great start." And, perhaps it's the start of the revenue tide turning for radio as Field was as optimistic as a public radio company CEO has sounded in quite some time. Field ticked off the reasons why things are going well at Entercom
In 2015 our top five Program Directors were Chris Conley from WLTW at #1, WCBS-FM's Jim Ryan at #2, Kevin Weatherly at KROK in Los Angeles in the third position, WBLS' Skip Dillard at #4 and WBZ/WZLX Boston PD Mike Thomas. Who will be the best in the programming department this year? Submit your detailed nomination HERE. Take a look at the entire 2015 list HERE.
In January CBS Cleveland (92.3 The Fan) host Kevin Kiley got himself in hot water for saying there's "no place for a woman in professional sports, in football, coaching men," after the Buffalo Bills hired Kathryn Smith as an assistant coach. Kiley is now saying he's quitting - at the end of the month - because CBS Radio sent him a letter threatening his job if he didn't tone down his rhetoric.
Singer, songwriter, and actor Jencarlos Canela makes his Hispanic Radio Conference debut to discuss radio’s impact on today’s new multi-media performers. Canela, star of the new NBC comedy Telenovela, will be appearing just days after starring as Jesus Christ in Fox’s much talked-about original live musical The Passion.
The Alice 105.9 Cares for Kids radiothon raised $1.3 million for the Children’s Miracle Network Hospitals which benefit Children’s Hospital Colorado.
CEO David Field says when you back out political in Q4, revenue was up 5% and he was very upbeat about his company's performance, both in the back half of 2015 as well as pacing for the first half of 2016.
CBS Corporation reported strong revenue growth in Q4 of 2015. Profits fell by 37% because the company took a big charge to write down the value of some of its radio stations, "to reduce the carrying value of radio FCC licenses to their fair value." Revenue at CBS' radio stations was down 5% in Q4, blamed on "continued softness in the radio advertising marketplace and lower political advertising."
Fortune Magazine and The New York Times say yes. And Fortune goes so far as to say, "The money-losing music service has put itself on the block," and calls it nothing more than a fire sale. The Times reports Pandora has taken the step to hire Morgan Stanley to shop the company around. Fortune says that with Pandora losing about $10 million every month, "it’s difficult to see who would see such a deal as attractive."
CEO Brian McAndrews says Pandora will achieve that goal within five years. In 2015, Pandora took in $1.164 billion in revenue. Here's the plan McAndrews laid out which gives him the confidence his company can hit that $4 billion number by 2021.
The streaming pure-play ended the fourth quarter of 2015 with revenue of $336.2 million. Excluding revenue from ticketing services, revenue was $326.0 million, an increase of 22% compared to $268 million in total revenue for the same quarter last year. Advertising revenue increased 22% in the fourth quarter of 2015 to $269.0 million, compared to $220.1 million in 2014.
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WEEI is Entercom's sports station in Boston. Last week the station launched its first custom podcast called "Enough About Me," and it's off to an amazing start, proving radio listeners will follow the hosts they love no matter where and when they broadcast. As long as the content is killer of course. And this Podcast is certainly excellent.
Sonos announced on Wednesday that Apple Music is now available on Sonos systems worldwide. Users now have access to Apple Music features like For You, New, Radio, and My Music, and will also be able to stream the entire Apple Music catalog through Sonos smart speakers.
Tuesday, Spotify announced the launch of the Music Matchmaker app, to help users in media agencies find love and friendship this Valentine’s Day.
Argow started at Grey Advertising in the mail room in the 1950s. He moved into media planning/buying soon after. Noticing that sales people were making more money than planners and buyers he decided to give sales a shot. He started at a small rep firm in NYC and excelled. He then went to work for McGavern Guild when Ralph Guild hired him away from a smaller rep firm in New York.
Cumulus hires 25-year vet Jason Kidd for the afternoon slot at Washington, D.C.’s MIX 107.3/WRQX-FM. Kidd MIX from New Generation Radio in Washington, D.C., where he has been President and Advisor/Brand Developer. His career includes a decade at CBS Radio, most recently at WPGC in Washington, D.C.
The legendary Jerry Lee station in Philadelphia has hired Kerry Mulvey for the newly created position of Director of Sales. Mulvey has over thirty years of media experience, most recently as Director of Integrated Marketing at CBS Radio in Philadelphia.
97.5 PODER FM is bringing the Hispanic radio morning host back to the 3rd largest market in the country. GM Alfredo Lopez said: “We at PODER 97.5 FM are honored to be working with a pristine representative of the radio industry. He has always been a top-notch radio talent who dignifies and embodies our Hispanic culture."
Red Zebra Broadcasting announced Thursday that it has hired Chris Johnson as Program Director for ESPN 980. Johnson will start his position on Monday, Feb. 15. Johnson brings nearly three decades of broadcast experience to ESPN 980.