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Welcome to RBR's Daily Epaper
Volume 22, Issue 224, Jim Carnegie, Editor & Publisher
Tuesday Morning November 15th, 2005

Radio News®

Nielsen getting down
to the PPM nitty-gritty

Nielsen Media Research is getting closer to making a go or no go decision on whether to enter into a joint venture with Arbitron to use Arbitron's Portable People Meter (PPM) technology to measure TV and cable, as well as radio. Nielsen says it has expanded its internal due diligence team working on PPM to include additional experts in engineering, methodological research, statistical research, operations, IT and reporting. Jack Oken, General Manager of Local Business at Nielsen, has been heading up the due diligence team and will now be devoting even more of his time to the PPM evaluation. Thus, Catherine Herkovic, Sr. VP of Sales & Marketing, has been given the title of Interim General Manager of Local Business. Nielsen yesterday repeated its target of having a decision on a PPM joint venture in Q1 of 2006. Nielsen spokesman Jack Loftus tells RBR/TVBR that increasing the due diligence team doesn't indicate that the company is leaning one way or the other on the joint venture. But since Nielsen has just received data from Arbitron's Houston PPM test, there's lots of work to be done to complete the assessment for the Q1 decision. "Over the past several years, the PPM project has been one of our highest priorities. During this time, we have worked closely with Arbitron to determine if PPMs can be adapted as a currency for television ratings measurement. In the process, we have invested tens of millions of dollars and thousands of executive hours in testing, researching and evaluating this technology. We are committed to moving with all deliberate speed while ensuring that this important decision is based on careful analysis and extensive research," said Susan Whiting, President and CEO of Nielsen Media Research.

RBR observation: While many radio groups have been cautious about moving from Arbitron's diaries to PPM, several major TV groups have been pressing Nielsen to jump on the PPM bandwagon - - especially groups such as Tribune and the Fox O&Os who really dislike Nielsen's Local People Meters (LPM) and want to see that technology phased out as quickly as possible to move to passive measurement. Plus, many TV executives are excited about having out-of-home viewing counted for the first time. Meanwhile, the advertiser/agency community is pushing hard for PPM - - and not just for radio (11/14/05 RBR #223). They want passive measurement for radio, TV and cable and would love to see a common ratings currency for all three. Meanwhile, Whiting is having to make a decision at a time when her parent company is in upheaval. Who knows who will even own Nielsen a year from now?


Up quarter for Susquehanna
Folks at Susquehanna Media didn't slacken up while deals were being cut to sell their company. Q3 radio revenues were up 1% to 62 million bucks. However, with higher costs from sports rights and other cost increases, operating income declined 8% to 15.9 million. Cable revenues rose 6% to 49 million and operating income jumped 49% to 6.4 million. A lot of that increase was attributed to decreased amortization for subscriber lists at one recently acquired cable system. Susquehanna Media management will hold a teleconference with Wall Street analysts on Wednesday to discuss the Q3 results. The company recently announced deals to sell its radio group to Cumulus Media Partners for 1.2 billion and its cable assets to Comcast for 775 million (11/1/05 TVBR #214).

Big payday coming at Susquehanna
Susquehanna Media doesn't have public stock (just bonds), but when the big deals close next year to sell the company's radio group and cable systems, the Appell and Pfaltzgraff families won't be the only ones getting big piles of cash. Susquehanna Media does have a Radio Employee Stock Plan and a Cable Performance Share Plan. According to a filing with the SEC this week, the company will be cashing out those plans to the tune of approximately 47.7 million, based on the valuation as of September 30th. No doubt some top executives and even lower ranking employees who have been with the company for a long time will get hefty checks when that is divvied up.

Lincolnshire buys Excelsior/Dial-Global
Lincolnshire Management, a leading middle-market private equity investment firm, plans to acquire the majority stake in Excelsior Radio Networks from its present owner, Sunshine Wireless. Excelsior owns X Radio, MJI Interactive and Dial-Global. Through X Radio, Excelsior produces and syndicates more than 25 music programs and prep services in a variety of formats to more than 2,500 radio stations nationwide. Programs and prep services include "Backtrax USA," "Rick Dees Weekly Top 40," "The Countdown" with Walt "Baby" Love and Walt "Baby" Love's "Gospel Traxx," "The Ross Brittain Report," and Russell Simmons' "Hip Hop Laws of Success." Dial-Global reps ad sales for over 50 national radio production companies producing over 100 different programs/services.
| Read More... |


WGA takes on product placement
"Reality shows used to be my favorite but now they have become so riddled with advertisements that I feel like I'm being conned every time I turn on my TV...Perhaps you should devote the rest of today coming up with better shows, not making the current ones crappier." - - Suggested viewer letter to the networks, as written by the Writers Guild of America. There's another suggested missive to forward on to advertisers. The union has gone to the trouble of starting up a new website, www.productinvasion.com, which alerts viewers to the increasing use of product placement. "We're the ones forced to put in long hours jsut to figure out how we're going to embed that can of soda into the storyline eight more times before the final episode," the Guild explains. Site Product Invasion has a banner reading. "Advertisers gone mad! Will whey succeed in turning out reality shows into infomercials?" The group is calling for a code of conduct and disclosure beforehand of any products which have been worked into the story line.

RBR observation: WGA knows who its best friend in Washington is. Both of the suggested email missives contain the following tagline: "PS - - I heart Jonathan S. Adelstein.

Amber alert on WIBC leads
to capture of kidnapper/murderer

Indiana State Police have captured a Pennsylvania 18-year-old wanted in the abduction of a 14-year-old and the shooting deaths of her parents. As you'll hear on the MP3 file, Indiana State Police have a report that the suspect was captured as a result of a nationwide Amber Alert. A truck driver listening to the information on Emmis' WIBC-AM Indianapolis spotted the suspect, alerted authorities, and was captured.


Conference Calls 2005
Three in a row for Interep
Interep executives are celebrating the radio rep company's third straight quarter of increased commission revenue. Commission revenues were up 8.5% to 20.1 million in Q3. "We are very pleased to report our third consecutive quarter of improved commission revenue. While the fourth quarter will be more challenging with the recent loss of Radio One, we have already replaced approximately 50% of that revenue by signing on new clients. We have also expanded into Hispanic television representation with the recent opening of Azteca America Television Sales, representing Azteca America television station affiliates," (11/10/05 RBR #221) said CEO Ralph Guild. As for the future: "At this point, it appears that national radio in fourth quarter is sluggish with some pockets of strength. Major categories showing the strongest growth in the fourth quarter include foreign auto, broadcast television, electronics, insurance and movies," said Guild. Interep's bottom line was dramatically affected by contract termination payments of 18.8 million a year ago, compared to 5.9 million this Q3. (The company would like to see that number at zero, since the short-term cash influx is long-term lost business.) Net income applicable to common shareholders was 479K, or four cents per share, vs. 9.7 million, or 89 cents per share, a year ago.

Revenues up for Liberman
LBI Media, the parent company of Liberman Broadcasting, reported that Q3 net revenues rose 7% to 25.8 million, largely due to increased revenues from its radio station in Los Angeles and Houston. Adjusted EBITDA rose 8% to 12.9 million. Radio division revenues rose 13% to 13.6 million, while TV revenues rose only 1% to 12.2 million. The company said growth at its Texas TV stations was partly offset by weakness at its California stations.


Adbiz©

GM launches "Red Tag" incentive
Hoping to boost sales that were down some 24% in October, GM yesterday announced a new incentives program of "Red Tag" prices on cars and trucks through 1/3. Under the program, dealers will post fixed maximum prices on most models of 2005-2006 Buick, Chevrolet, GMC and Pontiac models, knocking 3,000 or more from the list price. The prices will be consistent across the country and combines features of its recent "GM Employee Discount for Everyone" program and last December's Red Tag program. To support, GM is launching a nationwide ad campaign on network television, radio, print and in other media to promote the incentives. GM is offering separate incentives for its Cadillac, Saturn, Saab and Hummer divisions. Cadillac, Saturn and Saab will offer $500 rebates and Hummer will have special pricing for a rear entertainment system. Dennis Donlin, President/GM Planworks (pictured), tells RBR/TVBR this is a very aggressive effort, "utilizing TV, tape and live read radio, interactive, newspaper, Hispanic and African American-and even an innovative coffee cup program that uses thermo-chromatic technology to bring the "See some red, save some green" message to life."

XM launches its largest holiday marketing effort
XM Satellite Radio has launched "Listen Large," the company's largest holiday marketing campaign, featuring television, print, radio, online and outdoor to promote XM's programming and satellite radios. Headlining XM's "Listen Large" campaign are two TV spots with stars Ellen DeGeneres, Snoop Dogg, Derek Jeter, David Bowie and Martina McBride to showcase the number of choices XM offers. The TV spots, via Mullen, with DeGeneres, Snoop, Jeter, Bowie and McBride launched yesterday on prime time broadcast network and cable beginning. The two 30-second spots take a lighthearted look behind the scenes at XM as Snoop roams through the XM studios and meets up with other personalities who appear on XM. XM offers satellite radio broadcasts of "The Ellen DeGeneres Show;" Snoop hosts an exclusive XM music show; Jeter's New York Yankees are part of XM's coverage of Major League Baseball; Bowie and McBride represent the diversity of XM's music channels. Specifically, the primetime network buy includes the 11/17 episode of NBC's "The Apprentice." XM will also be the featured company during the Apprentice episode in which XM's music programmers judge the two teams of candidates as they find, develop, and market a new music artist. In a recent survey by Magna Global, "The Apprentice" was ranked as the top TV series with the highest concentration of 25-54-year-old viewers and households with an annual income of 100,000 or more. The campaign also includes holiday pricing on XM radios, as well as national and local radio, national magazine and inserts aimed at key target audiences, newspaper in major markets nationwide, online ad banners, outdoor billboards that target commuters, and more.


Coors adopts Beer Institute third party ad review system
Coors Brewing says it plans to adopt the independent third party ad review process recently agreed to by members of the Beer Institute. The system is a process where consumers who believe that an ad is inconsistent with the industry's marketing code can request review by an independent panel. While Coors' current Advertising Complaint Evaluation (ACE) Process has been in place since 2002, the company will discontinue it and adopt the Beer Institute's new system beginning 1/1/06. Coors will continue with its ACE Process through the remainder of 2005, in partnership with the Council of Better Business Bureaus' Advertising Pledge Program.

Alito advertisers expected to
hold off 'til New Years

Sen. Arlen Specter (R-PA), Chairman of the Senate Judiciary Committee, has announced that hearings on the SCOTUS nomination of Samuel Alito won't begin until January 2006. That means that the watchdog and political action groups which plan to skirmish over the nation's airwaves in favor and in opposition will also be waiting until then to start spending their cash on advertising.

RBR observation: There's no telling how hot the Alito confirmation process will get, and everyone seems to be playing it very cool so far. However, there are signs that the nominee may have a tougher time winning over Democrats on the committee than did John Roberts. January is typically a weak advertising month, and a protracted SCOTUS battle could be a boon to stations with inventory on the shelf. Unfortunately, whatever cash there is doesn't figure to be evenly distributed. The spending is likely to be targeted to Washington DC, the cable news nets, and perhaps to key markets in states with committee members up for re-election.

VISA leaves BBDO for TBWA
Visa USA is reportedly shifting its account TBWA/Chiat/Day, Playa del Rey, CA from BBDO NY after 20 years.


Media Business Report
Knight Ridder puts itself up for sale
Under pressure from some of its big shareholders to put the company up for auction (11/3/05 TVBR #216), the board of directors at Knight Ridder has done just that. The board announced yesterday that it is working with Goldman Sachs, it's long-time investment banker, to "explore strategic alternatives to enhance shareholder value, including a possible sale of the company." In deference to the big shareholders, the board also amended the company's bylaws to allow shareholders to submit their own candidates for the board or proposals for a vote at the 2006 annual shareholders meeting. That meeting is currently scheduled for April 18, but the company announcement noted that it may be postponed - - presumably because of the sale process.

MBR observation: What's the nation's second largest newspaper group worth? At recent stock price levels, you'd need about 4.5 billion without even paying a significant premium. And the company has over two billion in debt. So you're probably looking at something over seven billion for an opening bid. Just how many bidders are there out there who want to make that kind of investment in an "old media" company?


Media Markets & MoneyTM
Drudge: Cumulus the frontrunner for ABC Radio
Updating his postings from last week regarding bids for ABC Radio (11/11/05 RBR #222), Matt Drudge claims that Cumulus, which already won the bidding for Susquehanna Radio, is in the lead for ABC Radio as well. "Cumulus is the frontrunner on bids received by the end of business last Friday, sources claim," he reported yesterday on the Drudge Report website. Disney has indicated that it should have a decision on whether or not to divest ABC Radio in a merger deal, and if so with whom, by around Thanksgiving.

Close encounter in Denver
NRC Broadcasting is now the proud owner of its third Denver and 12th Colorado radio station, according to Todd Fowler and Ed Seeger of American Media Services (AMS). Tim Brown's group has closed its 16M deal for KCUV-FM. It'll join KJAC-FM & KCUB-AM in its Denver portfolio. It's other in-state stations are scattered throughout the mountain resort areas. AMS did more than broker the sale of the station - - the company actually proposed and executed the station's move into the market via a major facility upgrade.


Washington Beat
Why are justices leery of
courtroom cameras? Two letters

The first letter is O. The second letter is J. Three currently-sitting SCOTUS justices brought up the biggest courtroom circus, probably since the Scopes Monkey Trial, as the main reason that they were worried about the prospect of reporters armed with electronic devices being granted access to their own courtroom. According to the Associated Press, Sandra Day O'Connor, Anthony M. Kennedy and Stephen Breyer invoked the O.J. trial as cause for concern at an event sponsored by the American Bar Association. Despite the worries of these three justices and the known opposition to the prospect of cameras and mics by Antonin Scalia and David Souter, the Senate is moving toward making electronic coverage in federal courts a reality. According to AP, Breyer did acknowledge that the more serious concerns revolved around sensational criminal trials.

RBR observation: At the level of the Circuit Courts and SCOTUS, we imagine most of the caseload involves interpretation of the law, not determining guilt or innocence in a criminal matter. And when the court is considering a matter of law, citizens should have the ability to follow the arguments from start to finish if they so desire. As many have pointed out, SCOTUS TV would likely be just as popular as C-SPAN, which is to say, not very. We'd prefer blanket access by the electronic media, but if there need be a compromise which eliminates cameras during certain sensational criminal proceedings so be it.


Programming
Graham resurfaces in Boston
Conservative Talker Michael Graham left ABC/Disney's WMAL-AM Washington under a cloud sparked by what were seen to be derogatory statements about Islam. He refused an opportunity to apologize and was fired (8/23/05 RBR #165). He has now resurfaced at Greater Media's Talk WTKK-FM in Boston, where he'll hold down PM drive duties. "Michael is a compelling communicator with a keen intellect who has his finger on the pulse of the local and national political scene," said Greater Media President/CEO Peter Smyth. "I believe he will be a welcome addition to the Boston community." In Washington, Graham sparked a campaign from the Council on American-Islamic Relations (CAIR) demanding an apology, which obviously was not forthcoming. After initially backing the talker, ABC/Disney decided to let him go at that point.

RBR observation: Interestingly enough, WTKK and Greater Media are no strangers to CAIR. Talker Jay Severin was involved in a similar incident last year (4/27/04 RBR #82). The Severin incident made it all the way to the FCC, with the Commission noting it had very little to say about program content that falls below the level of presenting a clear and present danger. Bottom line: If there's a station this side of a Howard Stern affiliate that can be pretty sure someone's listening with a tape recorder, it's WTKK.


Ratings & Research
Arbitron 2005 consultant and
programmer fly-in details announced

Arbitron and iBiquity Digital will host an afternoon seminar on HD Radio during the Arbitron 2005 Consultant and Programmer Fly-In to be held 12/7 and 12/8 at the Arbitron Research and Technology Center in Columbia, MD. On 12/7, iBiquity will update the radio industry on HD Radio. Speakers include iBiquity CEO Bob Struble; Arbitron Portable People Meter president Pierre Bouvard; Greater Media Detroit SVP/market manager, Tom Bender; and former consultant and current Director of Broadcast Marketing at iBiquity, Don Kelly. On 12/88, execs of Arbitron will be on hand to discuss Arbitron's various initiatives for its radio ratings services as well as to give an update on the PPM system. Arbitron's international PPM users will on hand to discuss their experience with the passive multimedia electronic measurement device.

Also on the agenda December 8:
*A new study on the ways that Internet and satellite radio will impact the way listeners record their behaviors in the Arbitron diary (conducted exclusively for Arbitron by Jacobs Media Research.)
*An update on important research enhancements for ethnic listening, cell phones, simulcast stations and condensed market measurement.


Transactions
62.8M WTKZ-AM, WEEX-AM/WODE-FM & WWYY-FM Allentown Bethlehem PA (Allentown, Easton PA, Belvidere NJ); and WVPO-AM/WSBG-FM, WPLY-AM Wilkes Barre-Scranton PA (Stroudsburg, Mount Pocono PA) from Nassau Broadcasting II LLC (Louis F. Mercatanti) to Access1 Pennsylvania License Company LLC, a subsidiary of Access.1 Communications Corp. (Sydney L. Small, Chesley Maddox-Dorsey). 3.14M escrow, balance in cash at closing. Existing clusters. [File date 10/21/05.]

300K WWJS-FM Watertown NY from Liberty Communications Family Broadcasting Network Inc. (Charles T. Savidge, sec/treas) to Educational Media Foundation (Richard Jenkins). 15K escrow, 135K cash at closing, 150K note. [File date 10/19/05.]


Stock Talk
The market goes sideways
There wasn't much enthusiasm yesterday on Wall Street, even though retail giant Wal-Mart issued an upbeat sales projection. The Dow Industrials rose 11 points to 10,697, but other major indices were lower.

Radio stocks were almost all down. The Radio Index fell 2.927, or 1.5%, to 186.884. Entravision fell the most, off 4.9%. Beasley dropped 4% and Saga 3.7%. Incidentally, in its second day of trading, Clear Channel Outdoor rose 2.4% to 19 bucks.


Radio Stocks

Here's how stocks fared on Monday

Company Symbol Close Change Company Symbol Close Change

Arbitron

ARB

37.52

-0.26

Jeff-Pilot

JP

54.89

+0.04

Beasley

BBGI

13.46

-0.56

Journal Comm.

JRN

14.00

-0.10

Citadel CDL
13.60 -0.08

Radio One, Cl. A

ROIA

10.38

-0.31

Clear Channel

CCU

31.50

-0.04

Radio One, Cl. D

ROIAK

10.40

-0.29

Cox Radio

CXR

14.93

-0.07

Regent

RGCI

5.03

-0.06

Cumulus

CMLS

11.42

-0.08

Saga Commun.

SGA

12.23

-0.47

Disney

DIS

26.01

+0.15

Salem Comm.

SALM

19.10

+0.08

Emmis

EMMS

19.11

-0.34

Sirius Sat. Radio

SIRI

6.98

-0.02

Entercom

ETM

30.95

-0.35

Spanish Bcg.

SBSA

5.78

-0.02

Entravision

EVC

7.55

-0.39

Univision

UVN

29.31

-0.73

Fisher

FSCI

46.78

-0.28

Viacom, Cl. A

VIA

32.97

-0.09

Gaylord

GET

42.00

-0.10

Viacom, Cl. B

VIAb

32.92

-0.08

Hearst-Argyle

HTV

23.70

-0.20

Westwood One

WON

17.17

-0.19

Interep

IREP

0.44

+0.44

XM Sat. Radio

XMSR

28.66

+0.17

International Bcg.

IBCS

0.01

unch

-

-

-

-

-



Bounceback

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Arbitrends

Arbitron
Market Results
| Hamptons |
| Middlesex |
| Nassau |
| New York |
| Riverside |


Radio Media Moves

Heading to the Mall
Former Sony exec. John Henderson, most recently at Coolsign Media, has joined Mall Radio Network as COO. David Drucker, most recently with Gannett's Captivate Networks, comes onboard as VP of Sales. Also, Jim Hughes, who joined the shopping mall audio service last fall from Clear Channel, has been promoted to VP of Programming.


Stations for Sale

New York City AM
Population coverage in .5mV/m estimated at over 14M. Good assets/RE. Price 15M. CA to receive info or ID. 781-858-4201 or [email protected]

Southwestern Virginia AM
Price Reduced! Great coverage with a 10Kw Upgrade CP. Possible terms available. Excellent opportunity for a new owner operator.
Cliff at Clifton Gardiner & Co
(303)758-6900
[email protected]

NYC Prime Radio
Time for Lease

7 days a week available p/t-f/t Business, Foreign language, religious, Health, Infomercials accepted. 212-769-1925 [email protected]
TV & Satellite time also available. Station Inquiries welcome


Below the Fold

Media Business Report
Knight Ridder puts itself up for sale
MBR observation: What's the nation's second largest newspaper group worth?...

Ad Biz
XM launches its largest holiday marketing effort
Said it was coming of biblical proportion And it has arrived...

Washington Beat
Why are justices leery of courtroom cameras?
RBR observation: we imagine most of the caseload involves interpretation of the law...


More News Headlines

WNBC-TV and WINS-AM partner for traffic
WNBC-TV and WINS-AM NY introduced a new Shadow Traffic partnership that provides the up-to-date and comprehensive traffic and transit reports in the New York region, it was announced by Dan Forman, SVP/News and Station Manager, WNBC and Greg Janoff, Vice President and GM, 1010 WINS. Beginning yesterday, WNBC's Trish Yodice and 1010 WINS Pete Tauriello co-anchor "Shadow Traffic," providing reports throughout WNBC's "Today In New York" (M-F, 5-7 a.m.) from a newly created and co-branded studio at Shadow Traffic. The "Shadow Traffic" set features a monitor wall equipped with 18 seventeen-inch monitors. Each monitor carries real-time video from the 18 cameras strategically placed throughout the tri-state area.

ABCRN's McConnell injured in bicycle accident
John McConnell, SVP/Programming for ABC Radio Networks, is resting comfortably after breaking two neck vertebrae in a bicycle accident on Saturday. He is expected to make a full and complete recovery. McConnell is a competitive rider who was wearing a helmet when the accident occurred. "The helmet saved my life and kept me from permanent injury," Mr. McConnell said.


TVBR - TV News

PTC claims more Nip/Tuck scalps
Parents Television Council says that three more accounts have been driven away from basic cable network FX's "Nip/Tuck," following the route blazed last week by Toyota. Joining the carmaker in the ad pull-out are Chattem, E-Loan and IKEA. Internet consumer loan firm E-Loan told PTC's Brent Bozell that the company "...places corporate responsibility at the highest level along with the values of our customers and the hard-earned positive brand image we've achieved," and was eliminating the show from its media mix, comments echoed by HBA retailer Chattem and furniture giant IKEA. PTC has been focusing its protests on the show's advertisers and promised more of the same, saying on its website, "Dozens of corporations who once sponsored Nip/Tuck no longer do so. Whether or not this powerful display of corporate responsibility is a result of the PTC's efforts is unimportant. What is important is that more and more family-brand products recognize the value of associating with television content that accurately reflects their corporate brand and image. We will continue to work tirelessly to provide all corporate advertisers with accurate content summaries of television programming which glorifies graphic violence, sex and profanity. And we will continue to raise public awareness of the important role that corporate advertisers play. Because our children are watching."






November RBR/TVBR Digital Magazine

New Orleans
Interviews with WWL-TV GM Bud Brown and WWL-AM GM/Entercom Market Manager Phil Hoover. Great interviews with touching stories about heroes and saving lives and helping those in need with information....and the importance of being two of the only stations that continued broadcasting throughout this tragedy.


Read RBR/TVBR in 2 simple steps:
1.Create a simple account with Zinio and download the Zinio Reader.
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November Issue of RBR/TVBR


RBR Radar 2005
Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.

Advertiser/Agency Advisory
Council Pushing for PPM

Arbitron's first-ever council meeting brought a familiar refrain from the agency folks in a face-to-face forum with radio executives: Agencies want Portable People Meters (PPM) and they want them as fast as possible. RBR observation: These folks have pointed out repeatedly that changing technologies for ratings measurement is nothing new to them - they've twice made the CPP adjustments in local TV as Nielsen went from diaries alone to set-top boxes and then, most recently, to Local People Meters (LPM). But radio folks know that the change was not without consequences.
11/14/05 RBR #223

RAB's Gary Fries fires at
industry, Creditability at Stake
"The fact is that I have been telling this industry this in private conversations and industry speeches for the past 3 years. The advertising community can not understand why the radio industry is not embracing electronic measurement. They stated openly at the meeting that they have seen enough to be convinced that the diary is not accurate. They feel that if the radio industry does not move forward quickly that we will not be a credible media and not provide the accountability that the advertiser demands today. They also stated unanimously that if we go to a people meter world it will be a significant move and the net effect is that there will be more and larger spending in radio. They want to go deeper than the planned markets and they want it faster than the proposed roll out."
11/14/05 RBR #223

Clear Channel
Outdoor IPO disappoints
The billboard business may be outgrowing radio and TV, but Wall Street was none too impressed with the spin-out of 10% of Clear Channel's outdoor advertising business. RBR observation: Don't look for Goldman Sachs and the other firms involved in this IPO to tap the 5.25 million share greenshoe. 35 million shares of CCO seem to be quite enough for the market at this point.
11/14/05 RBR #223

ABC Radio bidding in final phase
The Walt Disney Company had already indicated that it would have a decision by around Thanksgiving on whether or not it would sell ABC Radio, so it's clearly time to get down to the nitty gritty. RBR observation: This could end up even being more complicated than you imagine. In addition to the tax-avoiding structure of any deal, we hear that Disney is also considering some swap options with other radio owners that could give the merged entity bigger clusters in some markets, while exiting others.
11/11/05 RBR #222

CBS's Poltrack:
VOD market worth 5 billion
It pretty much happened all at once - - VOD content deals everywhere and more mainstream media channels going online. AOL.com will feature CBSnews.com content and video on its home page. Microsoft's MSN and the Associated Press announced a partnership to develop an online video network that will stream video news feeds to sites that subscribe to AP's wire service. RBR observation: May '04 RBR warned of iPods and now look at the new iPod video. Also warned this past January when we covered the NATPE that VOD was coming fast and again here it is in your face. So, now what are Radio and TV head honchos going to do about it at the local level? It is like the oxygen is being sucked out of the room.
11/11/05 RBR #222


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