Thursday Morning June 23rd, 2011, Volume 28, Issue 123
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Merlin Media is classic Randy Michaels
Randy Michaels didn't even have to come up with a new employee handbook for his new company, Merlin Media, which is acquiring three big stations from Emmis for $198 million. The guidelines will be no surprise to Tribune and Clear Channel employees.
RBR-TVBR observation: What was notable about Randy's tenure at Tribune Company was the number of former Jacor and Clear Channel associates who quit good jobs to go work for him again, even as the company was facing public criticism and heading toward Chapter 11 - even while it was in Chapter 11. That loyalty to Randy and his management style is already evident with the first personnel announcements at Merlin Media - and we expect to see more familiar names as the company gears up. More...
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Ideas Working Now ™
Closing the gap on discrepancies
By Cole Croshaw, CEO, etrafficdirector.com
Successful campaign management is essential to generating current and future revenue. In radio and TV, we sell time. Discrepancies are not only lost time, but lost revenue as well. While makegoods are convenient in making-up some lost revenue, more time is lost in doing so. Agencies often require 2 for 1 (sometimes even 3 to 1) on makegood spots. So that's twice as much time wasted and unable to be sold. There is also wasted time in researching and resolving the problems. Not to mention, stress for account executives and their relationships with clients. Can discrepancies be eliminated all together? Probably not. But by establishing metrics, quality assurances, best practices and transparency, you should be able to prevent major discrepancies from occurring and close the gap on the unavoidable ones. More...
Review all Features at RBR.com
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Fed pessimism depresses stocks - 6/22/11
The Federal Reserve cut its forecast of GDP growth and Wall Street took notice. The Dow Jones Industrial Average fell 80 points, or 0.7%, to 12,110. Broadcasting stocks slipped with the market. The RBR Radio Index was down 1.831, or 0.5%, to 346.448. The TVBR Television Index was down 10.269, or 3.9%, to 256.346. More...
Review all Broadcast Stocks News at RBR.com
Winners |
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Losers |
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CC Media |
+7.1% |
ACME |
-15.2% |
Radio One |
+0.5% |
Emmis |
-5.3% |
n/a |
n/a |
LIN |
-3.7% |
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For additional reports, ideas, analysis, interviews, and
RBR/TVBR Observations...visit and bookmark www.RBR.com
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Only On RBR.com
Closing the gap on discrepancies
In radio and TV, we sell time
Media Markets & Money
Fort Wayne FM
To be bought by Bott
Ad Business Report
Record political ad spending
Expected in '12 of $2.71 billion |
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Double duty
Adelante Media Group has tapped Gerardo Martinez, formerly GM of KTNC-TV (EstrellaTV) Sacramento, as Market Manager for its KSTV-TV (Azteca America) Sacramento and KBBU-FM Modesto.
Retirement
Clear Channel Sr. VP of Creative Services Bob Case is leaving the company after 20+ years to spend summers in Seattle and winters in Phoenix.
Merlin hire
Merlin Media has named Andy Friedman Vice President of Internet Initiatives. He is formerly of, you guessed it, Tribune and Clear Channel.
Association opening
John Sturm, President and CEO of the Newspaper Association of America since 1995, announced that he will retire in September.
CMG ups Reid
Katie Reid will join Cox Media Group as a Senior Director effective 7/11, working with Chief Revenue Officer Marc Morgan and VP/Revenue Paul Curran. She was previously WSRV-FM Atlanta's GSM. |
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Smulyan talks sale-refinance / NABJ blasts networks
6/22/11 RBR-TVBR #122
Dingell on spectrum / FCC's eyes Bloomberg/Comcast
6/21/11 RBR-TVBR #121
Pandora's Street debut a bust / Wyoming backs TV
6/20/11 RBR-TVBR #120
'P' puts egg on NYSE face / Trader hangover
6/19/11 Sunday edition
How Radio listeners
use TV by format
6/18/11 Saturday edition
Jeff Smulyan will use sale to refinance Emmis (audio)
Smulyan says it is painful to sell three of the company's big market stations but it was necessary so Emmis can do a refinancing. He's hoping that Randy Michaels will build Merlin Media into a big company, which is why Emmis is taking equity in Merlin as part of the deal with Michaels and the GTCR private equity group. Listen to the audio discussion at RBR.com.
RBR-TVBR observation: It is a very complicated deal, but gives Jeff Smulyan what he has to have - a way to refinance Emmis.
6/22/11 RBR-TVBR #122
How Emmis came to
own its exiting FM trio
If RBR-TVBR calculations hold up, the sale of WRXP-FM in New York and WKQX-FM and WLUP-FM in Chicago will come home at just a little less than $200M in cash and other consideration. Not surprisingly, seller Emmis spent a bit more than that to get them.
6/22/11 RBR-TVBR #122
Randy Michaels back in radio as Emmis spins major market FMs
Will Michaels be able to recreate the wizardry that catapulted him to the upper echelon of radio executives during his career?
6/22/11 RBR-TVBR #122
Emmis stock price popped on Randy Michaels deal
Shares traded as high as $1.25, up 18% from Monday's close, after announcement of a deal to sell a majority stake in three of its biggest market stations. Wells Fargo Securities analyst Marci Ryvicker is calling it a good move for Emmis.
6/22/11 RBR-TVBR #122
NABJ blasts networks for lack of diversity
Yet again one of the three major network daily newscasts has a new anchor and not one of them has a person of color in the anchor chair.
RBR-TVBR observation: We don't understand the Glenn Beck reference, but it is undeniably true that every primary evening news anchor in the history of US network television (the Big Three) has been white.
6/22/11 RBR-TVBR #122
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