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Volume 24, Issue 163, Jim Carnegie, Editor & Publisher
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Tuesday Morning August 21st, 2007
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Radio News ®
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 More red ink in radio's near future?
That's what CL King analyst Jim Boyle thinks. He's expecting the industry as a whole to lose 1% for the month of July compared to July 2006 results, which will come as a disappointment for those who were looking for flat results for the month. He also notes that the best things are coming in small packages. Boyle said he's seen July numbers for about 50 markets, and noted that mid- and small-market results were 1%, in black ink, compared to results for markets 1-25 of 1%, but with red ink. "Apparently, it is better to be in Albuquerque than Atlanta or run stations in Springfield than San Francisco for top-line growth prospects, according to the market data," he said. He said that it's good news for groups like Saga, that operate outside the upper echelon of markets. Boyle noted that the Wall Street expectation of a par performance in July will apparently be defeated with a -1% final tally. Looking back at Q2, he said the big-market/small market dichotomy was even more pronounced than it appears to be now. Large markets were down 1%, but mid-markets were up 2% and small markets were up 4%. He also notes that prominent radio groups have been outperforming the industry as a whole, that prominent radio groups are expecting to lose 1% Q3, so therefore it stands to reason that Q3 may be down 2% overall.
RBR observation: Large market people are just sitting out there in their cars, stuck in traffic twice a day for one or two hours or more. They're probably listening to radio, because that's really the only place to get reliable traffic information, and it's been our experience that even if traffic is screwed up every day one way or another and there seems to be no escape, we still want to know what caused it to happen this particular day. No other medium can reliably predict that it will have a significant mass audience ready to be tapped into. Maybe radio needs a new promotion to its potential advertiser clients: Helicopter rides. Show them exactly where and how large your audience is and bring them to their senses.
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 Sharpton has some advice for Imus, should he return
The Rev. Al Sharpton has said he won't object if Don Imus returns to radio, and offered some advice for him if he does. In a guest column in Sunday's NY Daily News, "Musts for Imus," Sharpton wrote he should commit in his contract to forego any racist, sexist or homophobic comments; set aside time weekly to talk on-air with an ombudsman; settle the lawsuit filed by a member of the Rutgers Women's basketball team and join Sharpton's crusade to rid rap and other music of racist and sexist language. "If and when Imus gets back in the broadcasting booth, each of us will have to judge for ourselves whether his apologies were an attempt to keep his job or whether he sincerely wanted to uphold standards that would respect all people," wrote Sharpton. Imus and CBS Radio agreed to a settlement last week that stopped his threatened 120 million breach of contract suit.
Will Tribune tribulations trip up deal?
This is a transaction that is designed to go to Zell. When it was first proposed to take the company private under Sam Zell's leadership, the stock was about four dollars below the share advertised as the privatization price. But in the interim, the arrow on the stock price has been heading in the other direction. Those numbers are 30 dollars at the time of the announcement, an announced price-per-share of 34 dollars for the acquisition, and an actual stock price, as of close of business last week, less than 26 dollars. Articles at key publications with Times in their names on both coasts likened the situation to a betting proposition with few takers. The Los Angeles Times did note that the reduced price has attracted some investors willing to accept the odds, including Stark Offshore Management, Perry Corporation and Renaissance Technologies. But it also notes that the company will have significant debt, over 10B, and the New York Times article says that number could reach 13B. Shareholders will be looking voting on the 8.2B deal today in Chicago. The bottom line is that although Zell and Tribune executives remain confident that the deal will go through as planned, there seems to be no shortage of Wall Street observers who believe otherwise. According to LAT, the board is expected to allow the deal to go forward, putting the ball in the FCC's court, which will have to approve the transfer of 23 television stations and one radio station, as well as determine the fate of five television/newspaper cross-ownership situations that rely on waivers and/or grandfathering for their existence.
RBR observation: NYT noted that part of the purchase price will come from the sale of MLB's Chicago Cubs, and that further cash could be realized by liquidating the company's television assets. The problem with that scenario is that the company will be left pinning all of its future hopes on the newspaper part of the business, precisely the portion that is under the most stress.
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 Battle for Congress kicks off early
The jury is out on Congress right now. It's known that President George W. Bush's approval ratings are hurting, and those of Congress in general are hurting even more. But is it general antipathy toward incumbents, or is it one party or the other generating the ill will toward the legislative branch? The Democrats, in control for a scant seven months, do not have enough votes to overcome the 49 Republicans in the Senate, who need only 40 to bring whatever legislation they wish to a screeching halt. But does the general population understand that? Further questions abound. Are the new Democrats who took over Republican seats last year the first wave of continued encroachment into Republican territory, as Democrats would like to believe, or are they an endangered species which the Republicans can turn into one-term wonders? According to an article in the Washington Post, the Washington-based committees of both parties want to win this perception battle now before the battle for Congress is completely buries under an avalanche of presidential coverage, and both are prepared to open up their warchests early to brand their candidates. Democratic House campaign chair Chris Van Hollen (D-MD) told WaPo, "The window will go into the fall, but by early next year, it will be closed." Look for both radio and television buys, as well as other tactics, in selected areas over the next few months.
RBR observation: The battle for the House figures to be very hot again in 2008, just as it was in 2006, and in many districts, radio is one of the absolute best ways to get a targeted message before the public. If you are in a battleground district, and even more particularly, if you are in a district that changed hands last year, it is in your interest to let campaign officials from both parties how easy it is to procure time on your station.
Campaign, Iraq consume up news hole
The 2008 presidential campaign took the top spot in the Project for Excellence in Journalism's analysis of Q2 news coverage in the United states, eating up 9% of available time and space. Iraq remained a big story, however, with events accounting for 7%, policy debate for another 7% and homefront issues for still 2% more, amounting to 15% all-told (after rounding). Most of the top ten stories were of an ongoing nature. Exceptions were the Virginia Tech shootings, at 5%, and the 2% allocated to the Don Imus firing. Immigration was the #4 topic with 6%, and other top ten tales included Iran (2%), the fired US attorneys controversy (2%) and the strife in Palestine (1%). Four stories disappeared from the Q1 list, including the CIA leak/Plame case (3%); Anna Nicole Smith (2%), the new Democratic Congress (2%) and severe weather stories (2%).
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| Wall Street Media Business Report TM |
Media General, Journal suffer July reversals
The immediate prospects for two broadcasting companies that are also heavily invested in the newspaper business are not good, the way print has been going lately. But while the print side of these businesses was the loss leader for July, the broadcast side of the business also came home in the red. At Media General, it lost 3.3% July 2007 to July 2006, comprised of a 6.8% decline in publishing with a minimal sub-1% loss in broadcasting. It's growing interactive division picked up 37.4%. Over at Journal, July revenues were down 8%, comprised of a 10.6% drop in publishing and a 5.5% drop in broadcasting. It blamed the broadcast losses on the sale of two radio stations and the lack of political advertising.
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Ad Business Report TM
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Univision partners with Red Cross
on Peruvian earthquake disaster relief
 Univision has partnered with the American Red Cross to assist in fundraising efforts aimed at helping those in need due to the devastation resulting from the recent catastrophic earthquake in Peru. As part of the massive, multi-platform effort, the Univision networks are taking full advantage of their cross-promotion capabilities to promote the fundraising efforts through PSAs and special reports. The special programming is airing on some of the networks most popular programs, including: Univision's "Sabado Gigante", "Despierta America" and "Primer Impacto"; TeleFutura's "Escandalo TV" and "El Show de Monica"; and Galavision's "Decorando Contigo". The networks are also mobilizing their sports properties to include "Futbol Liga Mexicana", "Contacto Deportivo" and "Republica Deportiva". In addition, Univision Network's national newscast, "Noticiero Univision," continues to keep the U.S. Hispanic community informed with up-to-the-minute coverage. RadioCadena Univision has also produced on air PSAs featuring Univision Radio talent that encourages listeners to make a donation to the American Red Cross. In addition, RadioCadena Univision continues its extensive news coverage as well as special segments on public affairs programs. Univision Online has created a special section of its website accessed through Univision.com to house all earthquake-related coverage, essays, testimonials, photos and video. "The devastation in Peru has hit very close to home for many of our viewers and listeners. We feel that it is extremely important for us to provide our audience with an effective vehicle through which to lend both moral and financial support to their family, friends, loved ones and compatriots in Peru during this time of need," said Joe Uva, Univision CEO.
San Jose and computer radio spots examined
Media Monitors took a look at PC advertisers, the city of San Jose and their use of spot radio. Last week, these were the SPOT TEN in San Jose. #1 was CA HOME GARDEN & DESIGN SHOW with 353 spots. #2 was CAPITOL TOYOTA running 184 units. MERVYNS was #3 with 184 spots, while GOODGUYS ROD & CUSTOM ASSOCIATION was #4 airing 155 announcements. AT&T came in #5 with 152 spots and GREAT AMERICA was #6 with 147 spots. SAFEWAY was #7 running 142 units, while HONDA was #8, up from 17th the previous week, with 135 spots. MIAMI BEACH CLUB was 9th with 134 spots, while the HD DIGITAL RADIO ALLIANCE was 10th running 131 units. The #1 computer manufacturer to advertise on the radio last week in America was DELL running 2045 spots. BARRACUDA NETWORKS aired 1663 spots to come in #2 and GOTOMYPC was #3 running 1279 units. IBM was #4 with 763 units, while PC TOOLS was #5 running 298 units. LENOVO (formerly IBM Think Pad) was #6 with 165 units, with BSAFE ONLINE was #7 with 100 units. INTERACTIVE BUS INFORMATION SYTEMS was 8th with 43 units, while DOCUMENT MANAGEMENT SOLUTIONS was 9th with 35 spots and SPAM ARREST was 10th airing 35 spots. On the NATIONAL SPOT TEN last week, HD DIGITAL RADIO ALLIANCE was #1 airing 26,864 announcements, while GEICO was #2 running 22,659 spots and CHRYSLER was #3 with 19,482 commercials. FORD LINCOLN MERCURY was #4 with 19,400 and MCDONALD'S was 5th with 19,255 spots.
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| Media Business Report TM |
How much can Rupert get for fish-wrappers?
Now that Rupert Murdoch has confirmed our prediction that News Corporation would sell off the Ottaway Newspapers group after it pays over five billion bucks for Dow Jones & Company, how much will the cash from those small market newspapers return to the News Corp. coffers? Newspaper broker Larry Grimes of W.B. Grimes & Co., pictured, tells RBR/TVBR that while the ad marketplace is generally soft for newspapers, the Ottaway papers are in good markets. "I wouldn't be surprised if the Ottaway newspapers commanded 11 to 12 times cash flow," he said. If analyst estimates are correct that Ottaway has about 50 million in CF, that could mean a price of 550-600 million. Grimes said multiples for daily newspapers peaked at 14 times a few years back, but are now generally in the 9.5-11 range. The Ottaway group is not concentrated in a single geographic region, so "there is not one buyer who would just pop to mind," Grimes said. He thinks the papers might bring more sold off piece by piece, rather than as the whole. Ottaway is strong in New England, has one of its largest newspapers in Stockton, CA, and also has newspapers in Oregon, New York and Pennsylvania. Potential bidders could include Gannett, Gatehouse Media, Media News Group, Community Newspaper Holdings and American Consolidated Media, Grimes suggested.
 Pitt study finds inequality
in tobacco advertising
Compared with Caucasians, African-Americans are exposed to more pro-tobacco advertising, according to a University of Pittsburgh School of Medicine study published in this month's Public Health Reports. Smoking remains the leading cause of preventable death and disease in the United States, causing more than 440,000 deaths annually and costing more than 150 billion in direct and indirect costs each year; African-Americans currently bear the greatest burden of this morbidity and mortality. Although exposure to pro-tobacco media messages is now known to be a potent risk factor for tobacco use, whether African-Americans are in fact exposed to more pro-tobacco advertising has been unclear until now. In the study, they evaluated data from both predominantly African-American and Caucasian markets using studies from peer-reviewed journals. By extracting the number of total media messages the number of tobacco-related messages, and the number of residents living in each market area, they were able to calculate the concentration and density of tobacco advertising in each market. Concentration of tobacco advertising can be defined as the number of tobacco ads divided by the total number of ads. According to the data, the concentration of pro-smoking signage is approximately 70% higher for African-Americans and there are about 2.6 times as many ads per person in African-American areas as compared to Caucasian areas.
CC Outdoor adds more digital billboards
Clear Channel Outdoor announced it is adding to its growing list of digital billboard networks with new displays in some of the largest markets, including Chicago and Philadelphia. Building upon a successful network launch in Los Angeles this May, the company also is launching a second phase in that market this month. In addition, the company's El Paso Digital Outdoor Network, which debuted in July, added one of the largest Hispanic DMAs to CC's Digital Outdoor Networks. The company has now deployed 76 digital billboards since the first of the year. By the end of this month, Clear Channel Outdoor will be operating 16 digital billboard networks in the following 14 DMAs: Akron, Albuquerque, Chicago, Cleveland, Columbus, El Paso, Memphis, Milwaukee, Minneapolis/St. Paul, Orlando, Tampa Bay, Wichita, and two networks in both Los Angeles and Las Vegas.
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| Media Markets & Money TM |
Close encounter in Washington state
In the Lewiston ID-Clarkston WA market, KFFR-FM is now KZBG-FM, it's moved from Pullman WA to Lapwai WA, and it has a new owner. According to broker Brett Miller of MCH Enterprises, Xana Duke Radio Partners is now the owner of the station after striking a 310K deal with Royal Communications of Washington. Miller is still showing the station to prospective buyers as it has gone right back on the market. Miller also says a deal in Tri-Cities sending KVAN-AM Burbank from Alexandra Communications to Compadres LLC has closed, with KRSC-AM going to Alexandra. KRSC is said to be going silent pending construction of a new studio, after which it too will likely go back on the market.
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| Washington Media Business Report TM |
 Analyst fail to see Whole Food-XM/Sirius parallel
When the Federal Trade Commission moved to prevent a merger between top organic food retailers Whole Foods and Wild Oats, many saw it as bad news for the XM/Sirius merger. Now that FTC's block has been countered in court, some think it's a good sign for XM/Sirius. Not so, says BloggingStocks. It thinks the FTC may have been on thin ice in blocking the food merger since organic items are available at many other food outlets. But Douglas A. McIntyre, a partner at 24/7 Wall St. writing for the blog, said a comparison to XM/Sirius is "...full of holes." He noted that they are already a de facto duopoly, "and merged, would be a monopoly. Their ability to send satellite signals with radio content to receivers is not a business that any other company can enter. That is not really a bit like the Whole Foods situation." He further noted that unlike Whole Foods, XM/Sirius faces serious opposition on Capitol Hill from legislators who wonder why they should condone the merger when it may simply lead to raised rates over time. He concluded that while Whole Foods/Wild Oats may take heart for the court ruling (which the FTC has already appealed), XM/Sirius probably should not.
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| Entertainment Media Business Report TM |
A real soap opera in LA?
That's the way the Los Angeles Times has been playing this, with NBC Universal's Telemundo sending in Michael Rodriguez from O&O WSCV-TV (Ch. 51) Miami to be acting GM of O&O KVEA-TV (Ch. 52) LA to fill the seat vacated by the corporate reassignment of Manuel Abud in the wake of a news ethics scandal (8/6/07 TVBR #152). The soap opera angle now is based on Michael Rodriguez being the younger brother of Ray Rodriguez, President of Univision - or, as the Times depicts it, "the arch-enemy of the smaller Telemundo operation."
RBR observation: Yes, a little sensationalism helps to sell papers, but this is hardly as juicy as the KVEA scandal that created the GM opening, with a news anchor having an affair with the Mayor of LA and still delivering reports on air about her secret beau. This is not new territory for the Rodriguez brothers. Michael was already GM of a major Telemundo O&O in Miami when Ray got the promotion in 2005 to President of Univision and before that he was head of the TV network operation.
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| Internet Media Business Report TM |
 Offline channels drive
majority of users to search
Search engine marketing firm iProspect released a study from JupiterResearch that reveals 67% of the online search population is driven to search by offline channels. It also revealed that 39% of online searchers who are influenced by offline channels ultimately make a purchase. Partnering with some of the most successful brands in the world, search engine marketing firm iProspect commissioned the study to gain a better understanding of online search users and how exposure to offline channels influences their search and purchase behavior. The survey was comprised of 25 questions about their behaviors, attitudes, and preferences as they relate to games, digital imaging, portable devices, and service bundles. Among key findings, the survey shows that offline channels clearly influence a significant percentage of online search users to subsequently perform queries on search engines based on the company name, product/service name, or slogan that appears in the messaging of that offline channel. Specifically, the study revealed that two-thirds of the online search population is driven to search by offline channels. The implication of this finding should be clear. Smart marketers have a huge opportunity to leverage offline channels to drive their audience to search for them or their products. Doing so could greatly enhance the effectiveness of their efforts. The study also took a look at purchase behavior. Specifically, offline-influenced online searchers were asked whether they ultimately had made a purchase from the company whose website had been the object of their search. The data revealed that more than one-third do so. This translates into a 39% conversion rate, and suggests a synergistic relationship exists between search and offline channels.
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| Ratings & Research |
Arbitron adds Wenatchee, Washington in the Fall survey
Arbitron has added Wenatchee, Washington to its Fall 2007 Radio Ratings Survey. With an estimated of 220,700 persons who are age 12+, Wenatchee ranks at 177 in the markets Arbitron will survey this Fall as part of Arbitron's Qualitative Diary Service.
Mothers to spend 450 bucks for Back to School 2007
Back to school creates new family priorities, plans and resolutions. It's also not cheap, according to a new study released today by the Marketing to Moms Coalition. According to Marketing to Moms Coalition Report, Back to School 2007, "School Age Moms" (mothers with children aged 7-12) will spend nearly 450.00 on average on Back to School 2007. School Age Moms with two children between 7 and 12 will spend nearly 600.00. The top two spending categories were 33% for clothes and 17% for sports and exercise gear, including uniforms, shoes, and equipment. Other top categories were 14% for school supplies and 14% for school activity fees. In making the announcement on behalf of the Coalition, Teri Lucie Thompson, Marketing to Moms Coalition Board member and Vice President of Marketing for Safeco Insurance explained, "Back to school time is the real New Year's Day for many moms. It symbolizes a fresh start and is the time to change family routines. While the beginning of the calendar year is an opportune time for resolution making and priority setting, for back to school moms, the beginning of the school year is a new beginning for important family decisions. For example, fully 63% of the school age moms surveyed plan to pack more healthy lunches for their children this year. In addition, with the large and disproportionate expenditures for back to school, moms are re-evaluating all of their family spending for the balance of the year, including the Holiday Season."
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| Transactions |
962.5K KDJQ-AM Boise ID (Meridian ID) from KDJQ Inc./Floyde McCall LLC (Robert E. Combs) to Churchill Media LLC (Suzanne K. Arlie). Cash less 14,170.42 already paid on seller's bank note, 14K for rent due on tower plus additional payments to bank partially credited to purchase price. [File date 7/27/07.]
600K WCRS-AM Greenwood SC/WHZQ-FM Cross Hill SC from Pro-Comm Communications LLC (Wayne Shortridge) to Big Fish Broadcasting LLC (Jeffrey S. Roper, J. Stanley Griffin). 40K escrow, balance in cash at closing. LMA 6/29/07. [File date 7/26/07.]
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| Stock Talk |
Stocks emerge from behind cloud
At about midday, reports from Wall Street looked gloomy indeed, owing to uncertainty, as near as we could tell. As near as we can tell, things are still pretty darn uncertain, but potential bad news items did not present themselves and afforded the markets a chance to pull off somewhat of a recovery before the closing bell sounded. How did your stock fare?
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| Radio Stocks |
Here's how stocks fared on Monday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
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Arbitron
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ARB
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51.26
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-0.51
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Google
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GOOG
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497.92
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-2.12
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Beasley
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BBGI
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7.10
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-0.02
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Hearst-Argyle
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HTV
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20.37
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-0.09
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| CBS CI. B |
CBS |
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30.45
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+0.20
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Journal Comm.
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JRN
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10.82
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-0.86
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| CBS CI. A |
CBSa |
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30.45
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+0.16
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Lincoln Natl.
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LNC
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59.26
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-1.02
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| Citadel |
CDL |
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4.17 |
-0.13 |
Radio One, Cl. A
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ROIA
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3.83
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-0.11
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Clear Channel
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CCU
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35.77
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+0.70
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Radio One, Cl. D
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ROIAK
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3.83
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-0.07
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Cox Radio
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CXR
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13.23
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-0.15
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Regent
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RGCI
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2.75
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-0.15
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Cumulus
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CMLS
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9.54
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+0.03
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Saga Commun.
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SGA
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7.62
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-0.53
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Debut Bcg.
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DBTB
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1.25
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+0.65
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Salem Comm.
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SALM
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8.99
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-0.08
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Disney
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DIS
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32.91
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+0.23
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Sirius Sat. Radio
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SIRI
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2.79
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-0.01
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Emmis
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EMMS
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6.36
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+0.09
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Spanish Bcg.
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SBSA
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2.88
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-0.07
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Entercom
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ETM
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21.41
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-0.17
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SWMX
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SMWX
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0.09
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+0.01
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Entravision
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EVC
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8.74
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-0.02
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Westwood One
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WON
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2.85
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-0.27
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Fisher
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FSCI
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49.44
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-1.09
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XM Sat. Radio
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XMSR
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10.65
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-0.21
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Bounceback
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 We want to
hear from you.
This is your column, so send your comments and
a photo to [email protected]
Two comments lead the pack on the royalties issue
As a local broadcaster, I can only look to the future and wonder what industry I'll be part of in 5 years. Too young to retire, and unable to afford the excessive fees the placed on us by the CRB decision of this year. With the growing audio landscape, and the smaller piece allotted to local radio, why would the record industry allow a group of disconnected corporate goons to decide to pillage and plunder their number one village? We spend an incredible amount of time sorting through the stacks of music the record guys send our way. We select and program the "best of the best" in a way that surely benefits the recording industry from the artists to every level of development and management. Now the record guys are telling me that since I volunteer my resources to take their artists' songs to another medium and expose them in another neighborhood that I must significantly increase the already substantial payments I render each month? Come on guys - we're not the enemy! We've provided a service and paid you for the opportunity for decades. The CRB decision is only hurting your cause, and even the fan base will suffer in the end.
Dan DeBruler, General Manager
Christian Listening Network, Fayetteville, NC
 How's about the reverse fees that record companies, artists, composers should pay to radio stations, collected by and distributed by NAB.
1. P.A.C.S.A, aka Payment After Calculation of Songs Played. ASCAP would pay a calculated fee to each music station based on yearly estimates of % of each record companies' records played on each station.
2. IMB, aka Individual Music Broadcast. Each station would send its rate cards to each record company, indicating the average cost per 2 1/2 minutes for each record played. .
Run Of Schedule. Each record companies' ad agency would place an annual bulk order for average plays per month-for clients of each record company. Stations would generate quarterly recaps for credits or increased fees. C.A.S.E.S., aka negotiated variations of the above. Record Companies, ASCAP, BMI, SESAC can't have it both ways for the historic free air plays aka Ads--Music Stations have given them. Those same stations have to pay 2 to 4% of their Revenue Gross to ASCAP,etc. To successfully execute these wild 'n crazy reverse fees, the Industry would have to lock arms, to not play music they didn't get paid for. The current fee parasites have always bet the Industry has neither the guts nor programming creativity to put their feet to the fire. Same kind of pattern when the UAW-CIO Unions threatened one of the then big three auto companies with a strike, unless they agreed to unrealistically high employee benefits. Car companies always caved-- now same big three have been in virtual bankruptcy for years. What's a mother to do??
Frank Boyle
Station Broker, dedicated to
stations not going broke.
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Below the Fold
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Ad Business Report
Univision partners with
Red Cross on Peruvian disaster relief...
Media Business Report
How much can Rupert
Get for fish-wrappers? Confirmed our prediction selling Ottaway papers group...
Media Markets & Money
Close encounter in
Washington state as KFFR-AM is now KZBG-FM, it's moved...
Ratings & Research
Back to School 2007
Mom's expected to spend 450 bucks...
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Stations for Sale
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The Exline Company
AMs - San Jose,
Salt Lake City, Fresno
FMs - Northern CA, Coastal CA,
Central CA, Idaho, Oregon
Call Andy McClure or Erick Steinberg
(415) 479-3484 [email protected]
MCH Enterprises, Inc.
CO FM C.P.: $400K
ND FM C.P.: $150K
www.mchentinc.com
805.680.2265 (cell)
MCH Enterprises, Inc.
CA Lakeside Cluster: $995K
OR Coastal FM's: $895K
www.mchentinc.com
805.680.2265 (cell)
 Market your Stations For Sale
in our daily epapers.
Contact
June Barnes
[email protected]
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Radio Media Moves
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Dial Global announces three promotions
Dial Global has promoted Eileen Decker from EVP/Director of Sales to President, Dial Global Sales; Don Wachsmith from SVP/Sales to EVP/Sales and Charles Steinhauer from SVP/Operations to EVP/Operations. "Dial Global's success has been a collective team effort. A major part of our growth is a testament to Eileen's, Don's and Charles' leadership and hard work. These promotions are a reflection and recognition of their personal achievements." said David Landau, Co-President/CEO.
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More News Headlines
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AlphaTrade.com partners with JRN for football sweepstakes
AlphaTrade.com, a provider of financial information and digital media promotions, has partnered with Jones Radio Networks to bring a text-messaging sweepstakes to millions of professional and college football fans during this coming football season. Fans listening to games over JRN who enter the sweepstakes have an opportunity to win an all expense paid trip to a pro football game at the end of the season. JRN airs professional and college football games each weekend over approximately 200 affiliate stations in markets which include most major cities, nationwide. AlphaTrade will run over 200 :30 second radio spots during these broadcasts which air from August through January, promoting the sweepstakes. Listeners will be urged to immediately send in their premium text-message entries for a chance to win the super prize-an all expense paid trip to a game at the end of the football season. Source Communications, AlphaTrade's sports marketing and advertising agency of record, spearheaded the deal with Jones MediaAmerica.
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RBR Radar 2007
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Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.
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The case for performance
fees fairness
We admit it. The MusicFirst Coalition is right: "Radio should be held to the same standards and should play by the same rules as its competitors." Agreed. AM and FM stations should pay the same performance royalties as Internet streamers and satellite radio - and that royalty rate should be zero. The radio industry should be aligning itself more closely with the Internet streamers to not only fight the outrageous CRB increases in Internet streaming fees, but to have Congress eliminate them altogether. RBR note: RBR encourages your view on this topic so send your comments and a photo to [email protected] (Complete observation in RBR)
08/20/07 RBR #162
July another Downer
Bank of America analyst Jonathan Jacoby says it looks like radio revenues in big markets were down around 2% in July, but he's holding with his down 1% estimate overall, since the smaller markets have been outperforming their larger brethren. We note that Jacoby is predicting only one more up month this year, September, and that by only 1%. So far this year, RAB has reported three up months and three down ones.
RBR observation: The downers as Wall Street views it will continue until many in the public ranks operate their facilities instead of portfolio management. RBR stated our view on the necessary moves radio needs to improve and worth repeating. Saga's Ed Christian said on radio it just got lazy. Well add greedy, lack of innovation, being cheap to this long list. Radio leaders are NOT addressing the real issues of the medium dealing with Content, Technology, and New Revenue Development and if they were there are not enough local creative people in charge to accomplish this task. Wall Street should hold the CEO's feet and all body parts to the fire. They make the mega bucks with perks while their stock is in the crapper. RBR can not think of one business were mega salaries is rewarded for bad performance except a pink slip. Wall Street - Time to stop beating up on the total radio medium a! s it is time to take the real downers to task -- the CEO's -- and hold them accountable.
08/20/07 RBR #162
Jacobs backs Regent dissidents
Included in the lawsuit that Regent Communications has filed against Riley Investment Management and SMH Capital are copies of faxed letters from Regent co-founder and former CEO Terry Jacobs joining in the request for a special shareholders meeting. Jacobs, however, is not named as a defendant. He did not return a call from RBR seeking comment on what he wants to see happen at the company he co-founded with current CEO Bill Stakelin. In his letter, Jacobs declares that he is the holder of 400,031 shares of Regent stock. His request is identical to that filed by Riley and investors represented by SMH calling for a special meeting on September 3rd to change the company's bylaws to increase the size of the board of directors and elect the four nominees proposed by Riley.
08/17/07 RBR #161
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