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Radio News ®
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 Pres. Bush presses for corporate clean-up
President George W. Bush used his Saturday (7/13) radio address to try to position himself as leading the fight for cleaning up Wall Street, even as both Democrats and Republicans on Capitol Hill were pressing for even stronger measures than those proposed by the President.
| Full Story | Audio |
Who else in radio might raise eyebrows on Wall Street?
Part 1 of 3
With financial scandals reverberating through Wall Street, one of the reforms that has been proposed is to ban corporate loans to their own officers. That suggestion came from President George W. Bush, who is facing criticism for profiting from just such a loan while he was a director of Harken Energy. The Senate voted Friday to add a ban on loans to corporate officers to a bill on tougher corporate accounting rules that's sailing toward quick passage.| Full Story |
 Will de Castro head AOL?
AOL Time Warner (N:AOL) has now confirmed that it's hired an executive search firm - - Spencer Stuart - - to find a new CEO for its online operation, America Online. The story was first reported in the Wall Street Journal (7/12), which listed former AMFM head Jimmy de Castro (pictured) as one of the candidates for the post. de Castro recently joined AOL as one of the radio guys recruited by AOL Time Warner COO Bob Pittman (also a former radio guy) to help get the struggling online unit back on track. | Full Story |
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In this week's AdBiz series, Part 1 of 5
We ask radio buyers for their predictions and prognostications on Q3 and Q4 radio spending. In the wake of a record-breaking TV upfront and strong Q2, is radio set to finish the second half of the year on a strong note?
 Irene Katsnelson,
VP, Director of Network Radio,
MediaVest
What are your predictions for Q3 and Q4
national network radio spending?
Third quarter network radio is very, very active and I believe that it's going to carry over into fourth. | Full Story |
AAAA/ANA announce "Ad-ID" digital ID system for ads
The Association of National Advertisers (ANA) and the American Association of Advertising Agencies (AAAA) announced 7/15 the formation of a new division, "Advertising Digital Identification, LLC (Ad-ID)" at their "Effective Use of Digital Marketing to Reach Profitable Consumers" conference in NYC. | Full Story |
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Media, Markets & Money tm
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Kovas claims third AM in Chicago
Kovas Communications, owned by Frank Kovas, has a deal to buy WCGO-AM Chicago for $750K. The station, a 1kw daytimer on 1600 kHz, is licensed to Chicago Heights, IL, so it will fit right in with Kovas' existing suburban stations on 1580 and 1590. The seller is George Arroyo's Q Broadcasting Corp. Broker: Doyle Hadden, Hadden & Associates
| RBR Observation |
Metropolitan sell-off continues
Mark Acker is continuing the sell-off of properties from his late father's Metropolitan Radio Group. In the latest deal, Metropolitan is selling WCKO-AM Norfolk, VA and WOBS-AM Jacksonville, FL for $1.25K. Both are 50kw daytimers. Their new owner will be Word Broadcasting Network, headed by President Robert Rodgers. Broker: John Pierce, John Pierce & Co.
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Sales
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 Sales proposals:
why more than one page is a waste
By Paul Weyland
A good proposal for a local direct client seldom ever needs to be more than one page long. Here is a great formula for doing effective one-page proposals that's as simple to remember as the letters S-O-S.
I have had several clients show me the unbelievably complicated and confusing advertising proposals they received from other radio and television stations. Some were actually bound like books and contained more than 20 pages of graphs, charts, rate cards, "packages" and signal maps. Often the only customized thing on the proposal was the cover page. | Full Story |
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Radio Stocks
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Radio stocks bucked trend on Friday
Radio stocks managed modest gains on Friday (7/12) as the Dow Jones Industrial Average registered its fourth triple-digit decline of the week. The Radio index rose 1.2% to close at $219.352.
11 of the 15 stocks in RBR's daily Radio Index had an up day. Salem Communications rose 5.9% to $22.88, Hispanic Broadcasting Corp. gained 4.5% to $23.82 and Cox Radio added 4.4% to $24.05. The only significant drop was for Regent Communications, which fell 6.1% to $6.06
Here's how stocks fared on Friday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
Arbitron
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ARB
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$30.60
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+$0.09
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Jeff-Pilot
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JP
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$44.14
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-$0.53
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Beasley
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BBGI
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$13.56
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-$0.19
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NBG Radio Nets
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NSBD
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$0.14
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-$0.07
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| Big City |
YFM |
$1.40 |
+$0.30 |
Radio One, Cl. A
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ROIA
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$14.28
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+$0.17
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Clear Channel
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CCU
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$33.65
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+$1.09
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Radio One, Cl. D
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ROIAK
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$13.85
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+$0.32
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Cox Radio
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CXR
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$24.05
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+$1.01
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Radio Unica
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UNCA
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$1.50
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unch
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Cumulus
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CMLS
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$13.24
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+$0.23
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Regent
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RGCI
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$6.06
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-$0.39
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Disney
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DIS
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$18.45
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-$0.25
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Saga Commun.
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SGA
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$22.08
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-$0.17
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Emmis
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EMMS
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$20.14
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+$0.49
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Salem Comm.
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SALM
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$22.88
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+$1.27
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| Entercom |
ETM
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$44.30
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+$0.40
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Sirius Sat. Radio
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SIRI
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$3.50
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+$0.05
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Entravision
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EVC
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$11.34
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-$0.24
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Spanish Bcg.
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SBSA
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$10.50
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-$0.23
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Fisher
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FSCI
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$49.80
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-$0.20
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Viacom, Cl. A
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VIA
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$39.11
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+$1.87
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Gaylord
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GET
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$20.08
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+$1.17
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Viacom, Cl. B
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VIAb
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$39.10
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+$1.85
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Hearst-Argyle
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HTV
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$21.96
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+$0.34
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Westwood One
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WON
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$32.18
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+$0.53
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Hispanic Bcg.
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HSP
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$23.82
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+$1.02
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XM Sat. Radio
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XMSR
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$5.58
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+$0.13
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Interep
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IREP
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$3.44
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-$0.01
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Publishers Perspective
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 Welcome to the new RBR Daily E-paper. Like you, I've moved online to keep RBR up-to-date with the fast-moving radio industry. If you are reading this on your computer now, you'll be getting this publication for the next 40 days...every morning, plus our afternoon email update...for FREE!!! Just make sure you fill out the entry form here. | Full Story |
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Transactions
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$12,425,000 KRCY-FM Las Vegas (Dolan Springs AZ) from Spectrum Scan LLC (Rodney Burbridge) to Entravision Holdings LLC (N:EVC) (Walter F. Ulloa et al). $725K escrow, $425K of which will be used to effect station improvements, $5.7M cash at closing, second payment of $6M cash tied to CP to change city of license to Moapa Valley, NV as full Class C station. LMA until closing. Broker: Jorgenson Broadcast Brokerage (seller).
N/A KTOR-FM CP Chester CA from Tom F. Huth to Sierra Radio Inc. (Gary Katz, Tom Huth). Katz will pay 51% of all expenses incurred by Huth in his efforts to acquire and construct the station, with that total to be determined at closing. CP, which expires 7/5/03, is for 99.7 mHz.
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Industry Jobs
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AM HOST
JOURNAL BROADCAST GROUP's 50,000 WATT TALKER NEEDS
AM HOST
Talkradio 1170 KFAQ in Tulsa is in search of a morning talent that can join Beck, O'Reilly, Savage, strong local afternoon host and award winning news staff.
Do you have great energy, desire to inform, memorable perspectives, good sense of humor, strong phones and excellent interviewing skills?
If so, please rush a
demo and resume to:
Michael DelGiorno, PD
Journal Broadcast Group-Tulsa
4590 East 29th
Tulsa, Oklahoma 74114
More jobs..
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