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July 24, 2014

Top Story

Bressler: "We Significantly Outperformed Our Markets"

Bressler: "We Significantly Outperformed Our Markets"

Even though Q2 radio revenue was flat for Clear Channel, CFO Richard Bressler (pictured) said the company, according to Miller/Kaplan, outperformed the markets in which it operates. With 840-plus radio stations, that could be bad news as we hear from others who report in the coming weeks. Bressler said April and May were weak months, with June showing some better signs. Radio has been in a flat to slow growth period for years now, compared to TV and digital which are experiencing growth quarter after quarter. CCM+E generated $806.3 million in revenue in Q2, compared to $805.6 in Q2 of 2013. Strong categories for Clear Channel included Automotive, entertainment, home building and food and beverage. Bressler said Q3 was pacing up 1.9% with core stations up .2%.


INDUSTRY NEWS

Clear Channel Remains Committed to Expense Management

Clear Channel Remains Committed to Expense Management

CFO Richard Bressler was very clear, he stated it several times during Wednesday's earnings call, "that expenses will continue to go down," at the media giant. "We challenge our efficiency every single day. It's just the way of life at a company Bob (Pittman) and I run. That will never change." Bressler echoed that statement several times during the hour-long call making sure investors and analysts knew there is an ongoing effort, "to bring more to the bottom line." Clear Channel posted a loss of $186.6 million for the quarter, down from a profit of $7.2 million a year earlier. The loss was blamed on higher expenses in the radio division and a major debt repayment.


It's $11.00 a Share For Townsquare

It's $11.00 a Share For Townsquare

This morning Townsquare announced the pricing of its initial public offering of 8,333,333 shares of Class A common stock at a price to the public of $11.00 per share. The Companys Class A common stock began trading on the New York Stock Exchange under the symbol TSQ today.


Clarifying Pittman's iHeartradio Revenue Comments

Clarifying Pittman's iHeartradio Revenue Comments

A few weeks ago Clear Channel CEO Bob Pittman made national news when he said iHeartRadio was bringing in "hundreds of millions of dollars." That left a lot of people speculating how that was possible being that Clear Channel does not sell any advertising on its curated stations. It does insert local and national ads and, this fall, will begin to sell targeted ads with the help of AdsWizz. JPMorgan analyst Avi Steiner asked CFO Richard Bresslar to shed some light on Pittman's comment. Bressler said that is not a stand alone figure, that all of the revenue was intertwined and that what Pittman basically meant was that's what the value of having a product like iHeartRadio brings to the company. Clear Channel does not break out revenue from iHeartRadio.


Katz's Mark Rosenthal To Co-Chair Forecast 2015

Katz's Mark Rosenthal To Co-Chair Forecast 2015

Radio Ink is pleased to announce that Mark Rosenthal, CEO of Katz Media Group, has agreed to serve as co-chair of Forecast 2015, November 19, in New York City. Radio Ink Publisher Eric Rhoads said, "Since taking over Katz, Mark has been heavily involved in the development and growth of our industry and has shown true leadership. Having his guidance on Forecast will help shape this year's program, which will have a strong advertiser focus."


Minihane Returns And Ramps up The Insults

Minihane Returns And Ramps up The Insults

Back from a planned vacation, WEEI Dennis & Callahan third wheel Kirk Minihane returned to the morning show fully loaded with more insults for Fox TV's Erin Andrews. Last week Minihane called Andrews a B***H and said he hoped she dropped dead after she did a report during Baseball's all-star game he really didn't like. Although he apologized before he left for vacation, Minihane did not back down on how he feels about Andrews. In fact, he added more fuel to the Erin Andrews firestorm.


CBS Local Media Purchases Eventful

CBS Local Media Purchases Eventful

CBS is taking another step into the digital world with the purchase of Eventful, a company that connects consumers with entertainment, movies, and local events. It would seem a perfect match to mesh Eventful with the CBS Local websites the company has created that include not only a connection to the local radio stations but local news, sports, and other content. Over 21 million people now use Eventful with millions of local events for those users to choose from. Eventful serves users across multiple platforms including online, mobile, and email, and delivers personalized content and recommendations to users.


Dean Leaving America Now Show

Dean Leaving America Now Show

On Wednesday night Premiere Networks announced Andy Dean is stepping down as host of his nationally syndicated show America Now on August 8. Dean says the reason he's leaving is to run the technology company he started, ConnectPal, full-time. Premiere Networks President Julie Talbott stated, Andy is a tremendous talent and were proud of what weve accomplished together over the past three years with America Now. We wish him all the best as he starts this new chapter of his career. A new host will be announced after Labor Day. Starting August 11, host of The Weekend, Joe Pags will guest host.


World Cup A Big Win For ESPN Audio

World Cup A Big Win For ESPN Audio

ESPN Audio streamed coverage of all 64 FIFA World Cup games from Brazil and the network has relased listening numbers from the month-long tournament. On average, 23,503 listeners tuned in every quarter hour with the USA vs. Germany game on June 26 setting an ESPN Audio record of 147,880 listeners on average, according to Ando Media. Senior VP of production and business divisions for ESPN Traug Keller tells Radio Ink, "The World Cup was a terrific success for ESPN Audio. The streaming results are the latest example or what we have been espousing for a long time compelling content offered across audio platforms serves sports fans and listeners responded in record numbers.


WLS-AM Holding Contest For Talk Star

Chicagoland Radio and Media has the details of the third annual search for the latest and greatest talk star. The winner gets their own two-hour weekend talk show on WLS-AM. Contestants must create an audition tape that consists of a 10 second introduction and a 90-second monologue. All entries will be judged by Cumulus Media Chicago executives. On August 4th and 5th, the judges will select 10 semi-finalists, whose entries will then be posted on the WLS-AM website. Listeners will then vote for their favorites. The five semi-finalists with the most votes by August 14th will then move on to the finals.


United Stations Celebrates CSNY Anniversary

United Stations Celebrates CSNY Anniversary

USRN will be airing a three-hour special in honor of the 40th anniversary boxed set of 1974 concert material from Crosby, Stills, Nash & Young. The release, simply titled CSNY 1974, will provide the central material for the radio special will which also include brand new, exclusive interviews with key members of the band as well as with the co-producers of the boxed set. The special will be hosted by Derek Madden of KLOS-FM, Los Angeles, and will be broadcast nationally on Labor Day weekend. To get your hands on this special for your station, contact Andy Denemark at andyd@unitedstations.com.



AUDIO INK

Jacobs Releases Public Radio Tech Survey

Jacobs Releases Public Radio Tech Survey

It's the 6th year for the survey published by Jacobs Media, which includes a partnership with the Public Radio Program Directors Association and includes over 26,000 public radio listeners. Here are some of the highlights from the survey: 71 percent of the respondents own a smartphone; 56 percent carry a tablet; on a weekly basis, 61 percent access online video; 49 percent stream audio; and 58 percent are able to pair a phone or mp3 player in the vehicle they drive.


Clear Channel Unveils 2014 iHeartRadio Lineup

Clear Channel Unveils 2014 iHeartRadio Lineup

The September 19 and 20 show in Las Vegas will feature Taylor Swift, Coldplay, Usher, Ariana Grande, Nicki Minaj, Mtley Cre, Zac Brown Band, One Direction, Ed Sheeran, Paramore, Iggy Azalea, Train, Eric Church, Lorde, Calvin Harris, Bastille, and Steve Aoki. The iHeartRadio Music Festival Village will also return to The Lot across from the Luxor Hotel & Casino on Saturday afternoon.


WideOrbit Buys Programmatic Platform Company

Advertising management software company WideOrbit has purchased a digital programmatic sell-side platform company called Admeta. The company provides yield optimization solutions that help publishers drive digital revenue. Admeta is the third digital company WideOrbit has acquired recently. In April WideOrbit acquired Fivia, a company that provides a digital sales and operations platform for media. And in June the company bought streaming company Abacast.


Digital Sales Success Stories

If you have one, we want to hear about it. Are you killing it in digital sales, bringing local clients results using all of your digital products? Do your clients look to you as the go-to digital expert in your market? You are a rare bird in our indusrty and we want to hear about you and your story today. Call or e-mail Radio Ink Editor-in-Chief Ed Ryan at 239-247-3833 or edryantheeditor@gmail.com.



PEOPLE IN THE NEWS

Horne Named COO of Crain Media

Crain Media Group operates stations in Little Rock (KHTE and KKSP FM), Conway (KCNY FM), Batesville (KBGB FM) and Searcy, (KWCK, KEAZ, KSMD, and K293CE, FM, KRZS AM, and KAWW AM) Arkansas. Horne was the market manager for Searcy, Conway and Batesville before being promoted to Chief Operating Officer for all the stations. The company also announced Alan Risener is now the manager for the stations in Searcy, Arkansas and Lynn Dyer has been appointed as LSM in Little Rock.


Jolana Heads to Colorado Springs

Jolana Heads to Colorado Springs

Jolana Leigh Smith is now the afternoon driver at Cumulus' KKPK 92.9 Peak FM in Colorado Springs. Smith is the former PD for Cumulus AC WFASFM & News/Talk WFAS-AM/Westchester which recently flipped to Urban AC (Radio 103.9). Cumulus Senior Vice President Mike McVay said, "We are assembling the best programmers in the business. Jolana is such a talent and we were lucky to be able transfer her within Cumulus. She is a part of the next generation of winning PD's."


Cumulus Gets A New VP Of Sales In DC

Cumulus Gets A New VP Of Sales In DC

Cumulus has appointed Jake McCann as VP of sales for WRQX and WMAL in Washington, DC. McCann is the former director of sales for Greater Media stations WRIF, WCSX, and Sports 105.1 in Detroit. Prior to that, Jake spent seven years in Philadelphia as the general sales manager for 97.5 Fanatic in Philadelphia.


Tippett to Receive Award From President

Tippett to Receive Award From President

The creator and host of the public radio show On Being, Krista Tippett will be honored Monday with the 2013 National Humanities Medal. Tippett will receive the award from President Obama at a White House ceremony, along with nine other Americans whose work has broadened the nations cultural understanding and engagement with the humanities. The White House cited Tippetts achievements in thoughtfully delving into the mysteries of human existence."


Mendte Gets Sunday Night Show On WABC

Mendte Gets Sunday Night Show On WABC

Larry Mendte (pictured) is a familiar voice to New York City listeners. Most recently he was a contributor to WPIX-TVs nightly newscast, where he produced opinionated commentaries. Mendtes commentaries at WPIX-TV are credited with helping to pass the 9/11 First Responders Health and Compensation Bill. Mendte won four New York Emmy awards for his PIX commentaries, giving him a total of 90 regional Emmy awards for his 30 years in broadcasting. He also has six Edward R. Murrow Awards.



WEDNESDAY BLOGGERS

Do You Listen to Your Listeners?

Do You Listen to Your Listeners?

(By Buzz Knight) I found a cool new restaurant a couple of towns over from me called Il Casale in (Lexington, Mass). It's been open for about six weeks. It's the sister restaurant of another spot they own in Belmont, Mass. (They meaning chef Dante de Magistris and his brothers.) I grabbed a bite to eat there this past week after hearing a few friends rave about it and I heard a great story from a guy named Jeff who is one of the regular customers from the neighborhood.


<b>(SALES)</b> Can I Have Your Attention?

(SALES) Can I Have Your Attention?

(By Jeff Schmidt) Tracey McGrath was the new general manager at Seelye of South Haven. This was our third meeting. He had aggressive goals. Having just attended a Jim Williams seminar, I prepared an aggressive strategy that included dominating frequency on the radio stations. Twice an hour every hour every day on both stations. It was by far the biggest schedule ever presented on the stations. We were asking for $25,000 a month. In a small un-rated market, that amount is unheard of.


<b>(SOCIAL)</b> 5 Ways To Break Out In Social Media

(SOCIAL) 5 Ways To Break Out In Social Media

(By Loyd Ford) You always have the choice to be like everyone else. You can always fit in. You can always go along. But why not break out? Here are five (5) ways you can break out in your social media and find new fans, grow your influence, and enjoy more of your life in radio: 1. Focus your visuals on fun, entertainment, and a unique perspective. Giving a unique perspective on the entertaining side of your business will give listeners a happy-to-waste-time enjoyment of your content. This will pay dividends.



2014 MOST INFLUENTIAL WOMEN IN RADIO

Here Are The Most Influential Women In Radio

Here Are The Most Influential Women In Radio

2014 marks the 15th year for whats become one of our most popular lists. The Most Influential Women in Radio issue began in 1999, when the list of names was much shorter and those who occupied the list less influential. Today, some of these influencers will also appear on our 40 Most Powerful People in Radio list (to be released on July 28). Read about the Most Influential Women HERE.



DASH 2014

CEA's Gary Shapiro To Keynote DASH Conference

CEA's Gary Shapiro To Keynote DASH Conference

Gary Shapiro is the president and CEO of the Consumer Electronics Association. He'll be one of the keynote speakers at the second DASH Connected Car Conference, to be held in Detroit, October 15-16. Shapiro said, "I'm excited to deliver the keynote address at the DASH Conference, a great mashup of broadcast radio, the automobile industry, and consumer electronics. As the home of global auto industry and an emerging hotbed of startups and technological innovation, Detroit is the perfect location for this meeting of the minds."



RADIO INK

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.


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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