CBS Files. More Financial Details Come Out.
Because Television is the darling of the company, details about the CBS Radio division hardly ever see the light of day. That all changes when the radio division gets spun-off and goes public. According to The Wall Street Journal CBS Radio lost $136 million in 2015. That from the IPO the company filed Friday for its Radio division. The Journal reports CBS Radio revenue declined 6% to $1.23 Billion in 2015.
Harvey, Delilah, Savage Headed To The Hall
Steve Harvey, Delilah, Michael Savage, Bob Kingsley, Eric and Kathy and Jeff & Jer lead the list of radio personalities going into the National Radio Hall of Fame this year. The results were announced this morning.
Dare To Be Distinctive!
(By Bob McCurdy) We came across a blog in a WARC email written by Richard Shotton, Head of Insights at ZenithOptimedia, where he discussed the importance of “distinctiveness” and how it boosted memorability in a hyper-competitive retail environment.
Digital Was Emmis’ Big Revenue Gainer
Although the company did not specify how the money for digital was spent with Emmis, the company reported an increase in digital revenue of 35% in March, April, and May. That helped offset national business and local spot business being down in the low single-digits. Automotive continues to be Emmis' largest category, making up 13% of its quarterly revenue. The restaurant and cellular businesses were up, and the financial and media categories were the weakest.
Emmis Shareholders Approve Stock Split
Following the Emmis earnings call on Thursday a shareholders meeting was held and a four-for-one reverse stock split was approved. The stock split was designed to prevent a delisting of the company’s stock from NASDAQ.
What Story Are You Trying To Tell?
(By Ryan Wrecker) Your audience has a special connection with your personalities. How they fuel that connection differs from person to person, and the method of delivery is changing. If we’re not careful enough to recognize this new medium (and the impact it will have in our industry), we’ll miss out on monetization opportunities and the marketing and positioning of our personalities as the markets’ top talents.
Your Deadline To Nominate is TODAY
Nominations close Friday for the Radio Wayne Awards (named after “Radio Wayne” Cornils, 1935-2000, who devoted his life to increasing professionalism in radio). The only way your radio team members can be considered for a Radio Wayne Award is if you nominate them.. MAKE YOUR NOMINATIONS HERE. Your deadline is July 8.
Tom Marr Passes Away
This is a follow-up to our July 5 story where we reported that WCBM's Tom Marr was headed for medical hiatus after suffering a stroke as a result of recent back surgery. Marr has been in Baltimore radio since 1967, and has been with WCBM since 1988. He died Thursday at the age of 73. WCBM Director of Programming & Operations Sean Casey issued this statement...
Hughley Gets Emotional Regarding Shootings
Thursday on CNN, Reach Media's syndicated host D.L. Hughley had a very moving interview regarding the recent police shootings. He explained to CNN's Chris Cuomo, “I don’t even go to sleep until my children come home, my grown children come home." WATCH HERE.
Dickey Broadcasting Teams Up With Kennesaw State
ESPN Radio 1230 The Fan 2 (WFOM-AM) has signed a multi-year partnership with Kennesaw State Football beginning with the 2016 season. The play-by-play will also stream at atlantasssportsstation.com.