CBS Merger on Track

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Radio's big merger is still on track to close later this year. That's according to Entercom CEO David Field, and despite the fact that it appears the CBS stations are "trending lower than the Entercom stations," according to one analyst on the Entercom earnings call Friday morning. Field was asked about that trend. He says he's visited every CBS market, in some cases more than once. He was asked if he noticed anything significant. Here's what he had to say.

Entercom Same Station Revenue Up 1%

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Overall Entercom revenue was $125 million in the quarter, compared to $121.6 million in 2016. That number includes the new Charlotte stations Entercom picked up from Beasley late last year. Field said both local and national performed "comparable." The automotive category was flat. Entercom's top performing categories for the quarter were professional services, home improvement and cable/entertainment.

Ryvicker: Entercom is Messy

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In a report sent to investors on Saturday, 24 hours after the Entercom earnings call, Wells Fargo analyst Marci Ryvicker wrote a report headlined: "ETM is unfortunately messy." She notes that the Entercom stock price has dropped 35% year-to-date and says the market "clearly has concerns" about the merger with CBS. She gives three reasons for those concerns.

Entercom Divesture Plan in Motion

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There should be some new owners of a few soon-to-be former Entercom radio stations announced soon. Entercom CEO David Field says his divesture plan to move stations in order to meet ownership regulations to close the CBS deal is making "good progress."

Swift to Testify in Groping Case

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According to The Denver Post, Taylor Swift will testify in the trial set for next week with former KYGO host David Mueller. Court documents show that Swift will testify that: "Mueller ‘put his hand under her dress and grabbed her bare ass." Swift intends to testify that she has “never been so sure of anything in her life.

Inaugural MBA Radio Talent Institute Kicks Off

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Students from nine Missouri universities will converge on the campus of the Northwest Missouri State University campus, Monday, for 10 intense days of immersion in radio broadcasting. They will learn from 30 radio pros teaching in their areas of expertise. The MBA Radio Talent Institute is the first radio talent institute in the Midwest.
Randy Lane - Radio

Five Keys To Becoming An HD Character

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(By Randy Lane) Each time a wildly popular television show ends, there is a negative response in the US stock market. The stock market declined after the finales of Seinfeld, The Cosby Show, and Friends. Why is that?  

Are You Touting Radio’s Reach?

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(By Bob McCurdy) Studies highlighting the critical role “reach” plays in ad campaigns continue to pour in. This is good news as radio is the number one reach medium in the U.S. Nielsen Catalina Solutions recently conducted an analysis of 500 Consumer Packaged Goods campaigns quantifying the contribution media and non-media factors have on ad campaign success. So what was the takeaway...

Saga’s Pam Dixon Dies at 59

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Dixon was the morning show co-host on KIOA in Des Moines. The station posted this message on its website Friday: "Earlier today, we lost our precious friend and coworker – and your beloved morning radio friend. For the last decade, she battled cancer with the most amazing courage and spirit. Eventually, her physical form was no match for the disease, but her will to live a rich life – filled with fun and laughter, never yielded."

Texans’ Switch Spanish Stations

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The NFL’s Houston Texans have signed a multi-year deal with Mega 101 FM, making it the new home for the team’s Spanish radio broadcasts on game days. The Texans are one of only seven NFL teams to broadcast in Spanish on the FM frequency

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