CBS Radio Officially Up For Sale
It's been rumored for what seems like years and Tuesday CBS Corp. CEO Les Moonves officially confirmed that the company is planning to sell the CBS Radio division. Moonves said the company will explore all alternatives including a sale, a spinoff or even a swap. The goal is to “unlock value for our shareholders.” Here's the statement sent out from CBS Radio headquarters about the plan to move the radio stations...
How I Became A Radio Leader
Nicky Sparrow is a past member of Radio Ink’s Future African American Leaders in Radio list. She was recently promoted by iHeartMedia to Jacksonville market president. We asked Sparrow to share the details on how she advanced her career and made it to the top.
Bonneville’s Gardner Speaks Out About FCC Plan
Carl Gardner is the General Manager for Bonneville's KIRO in Seattle. KIRO is one of the many AM radio stations that will be dramatically affected by the FCC's plan to allow other AM stations, on the same frequency, to maintain power at night. But, as Gardner points out, this plan is a big mistake for several reasons and his listeners will be affected in a big way.
Univision Radio Ad Revenue Declines 8.7% In Q4
The drop in revenue was blamed on "market declines," and national ad revenue (see next story). When you back out political for Q4, the decrease was 4.9% or $3.4 million. Total revenue for Univision's radio segment in Q4 dropped at total of 12.2% to $72.1 million compared to $82.1 million in 2014. Non-advertising revenue in the radio segment (which is primarily other contractual revenue) decreased 48.6% to $3.7 million from $7.2 million. Univision owns 67 radio stations, including stations in 16 of the top 25 U.S. Hispanic markets and Puerto Rico. Total revenue -- including TV, network, digital, and radio -- was up 1.1% to $736 million.
Radio Will Be Crucial In Deciding President
MediaPost summarizes a lot of the recent news about how crucial radio will be in the 2016 election. In a blog that points out iHeart's recent hire of Capitol Hill veteran Brendon DelToro, MediaLife's prediction that up to 15% of the spending will go to radio and radio's penetration rate among the undecided voters, MediaPost details how critical radio will be in deciding the next president.
Beasley Q4 Revenue Declines 2.1%
The company is still working through the station swap with CBS which is closing in on one year ago. Beasley picked up stations in Tampa and Charlotte (and one in Philly) from CBS for stations in Miami and Philadelphia. Beasley is required to report the five stations it handed over to CBS under discontinued operations despite having operated them through November 2014. After Q1 of this year, the reporting becomes normal again for the company. On a pro-forma basis Beasley revenue for Q4 2015 declined 2.1% or $600,000. That decline was based on overall softness in Charlotte, Las Vegas, and Wilmington. The good news is that when you exclude the $1.7 million in Q4 2014 political revenue, which did not return in 2015, pro-forma revenue was up 4%.
How To Lead Your Team To Win Five Crystal Awards
This April the team at Hubbard Radio's WTMX in Chicago will be rewarded for all the hard work it does for the community of Chicago. The station will be honored with the NAB Crystal Heritage Award for winning five Crystals. The award is given for exceptional year-round community service, which is exactly what WTMX excels at.
Commissioner Pai To Keynote Hispanic Radio Conference
If the FCC is to help the broadcast industry survive and flourish, Commissioner Ajit Pai may be the man to make it happen. Hear his thoughts on the state of the FCC at the Hispanic Radio Conference!
Berner Builds Her Own Programming Team
New Cumulus CEO Mary Berner is shaking up how programming decisions are made at the company. She says she is giving PDs more control over the day-to-day programming of their stations, "which has not been the case in the past." The new structure will be built under Mike McVay and includes new hires with resumes from companies like Nielsen, iHeartMedia, CBS Radio, and Cipolla Analytics.
How Radio Covered The Big Snowstorm
Many states on the east coast are digging out of one of the biggest snowstorms in recorded history. It's clean-up time in New York, Washington DC and many other cities after the weekend in which snow was coming down at 2-3 inches per hour. Through it all, radio stations up and down the dial were doing what they do in times of extreme weather...serving their community.
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