Yesterday we reported that Entercom has hired Richard Schmaeling to replace CFO Steve Fisher on April 18. Today we know what the company will pay Schmaeling. His base salary will be $525,000 through April 30, 2018. Schmaeling will receive a monthly car allowance, reimbursement for moving expenses, and lodging of up to six months.
At a meeting of the Cumulus Board on Monday Cumulus founder Lew Dickey, who was Vice Chairman of the Board, resigned. The reason given was "to pursue other professional interests." In their 2011 agreement the Dickey family is entitled to designate one member of the Cumulus Board. Lew informed the Board that he was designating his brother John Dickey to replace him.
Next Thursday, at the Radio Ink Hispanic Radio Conference in Fort Lauderdale, Entravision's Angie Balderas will host a panel called "Old School/New School: Bridging the Gap between Gen X Managers and Millennial Sellers." These two groups have different ways of doing things, they are motivated differently, and they have very different ideas about marketing and selling radio. Next Thursday, it will all be on the table for managers to hear and learn.
Albany, Georgia's first-ever radio station, WGPC-AM, is gone for good. The station went dark on January 2 after a big storm came through town twisting its tower to pieces and depositing three trees in the studio. WALB-TV reports that Cumulus has surrendered the license back to the FCC. WGPC signed on in 1933, and was Albany's only radio station until 1941.
It only took six months for former City Council president Monica Conyers to lose her weekday afternoon hosting job on WDFD-AM in Detroit. The Detroit Free Press reports that Conyers was fired for violation of corporate policy. Conyers disputes what the radio station claims and says she left on her own and did not want to be associated with the station any longer.
14 Representatives and 2 Senators have joined as cosponsors of a resolution the NAB has been pushing that opposes "any new performance fee, tax, royalty, or other charge" on local radio stations. The Local Radio Freedom Act now has 156 cosponsors in the House and 17 in the Senate. Here are the latest Washington lawmakers that are now on your side...
The station won five awards for Excellence in Broadcasting from the Pennsylvania Association of Broadcasters. WBEB won for outstanding achievements in radio and television across the state of Pennsylvania. Here's a list of the awards the station took home...
Westwood One will be broadcasting the upcoming NCAA Men’s Final Four in Spanish, the championship’s first-ever Spanish language broadcast on any platform. The event will be produced by Westwood One an ESPN Deportes. The trio of Rafael Hernández Brito, Greivis Vásquez, and Clemson Smith Muñiz will announce all the action.
CRS 2017 was a huge success as well as a cornucopia of valuable information. Now available to CRS 2017 registrants, the panel sessions and educational handouts from this year’s event are online for streaming. To access them, registrants should visit www.CountryRadioSeminar.com and log in using the username and password they created upon registering.
That $2.1 million increase in Q4 of 2016 was mainly due to an increase in political and double-digit increases in Tampa, Charlotte, and Las Vegas. Beasley Media CEO Caroline Beasley said the Greater Media stations, which the company closed on back in 2016, decreased 6.1% ($2.3 million) in Q4 with about 60% of the decline coming from the Philadelphia market. Beasley said that decline was due to the ownership change and transition.