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Volume 24, Issue 57, Jim Carnegie, Editor & Publisher
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Thursday Morning March 22nd, 2007
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Radio News ®
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 LA is still problem child
for Radio One
Continuing soft performance by its Los Angeles station, now re-branded "V100" KRBV-FM from "The Beat" KKBT-FM, was blamed for all of the revenue shortfall for Radio One in Q4. Meanwhile, the company reported that Nasdaq has sent it a delisting notice because of its delayed filing of its annual report. That was expected and CEO Alfred Liggins said there would be no discussion on his quarterly conference call of the ongoing review of Radio One's historical stock option granting practices. The company said it was working as quickly as possible to complete the review, restate its past financial results and get current with its SEC filings. What was released yesterday was described as "preliminary fourth quarter results." Revenues were down 2% to 89.2 million. "This was another soft quarter for the radio industry and while Radio One underperformed the industry, our problems are truly isolated to one market - Los Angeles. Given the significant changes we implemented at our LA station late last year, I am confident that that market will be a growth driver for us in the not too distant future," Liggins insisted. In his conference call with analysts, Liggins blamed shorter spots for putting downward pressure on pricing. Although originally a fan of Clear Channel's Less is More initiative, Liggins declared yesterday that it has failed and is not putting upward pressure on pricing as had been envisioned.
RBR observation: Someone finally admits that Less is More was not More for the radio business (LIM) It has failed.
Zell still in the game
Sam Zell has told the AP that talks are ongoing with Tribune Company over his buyout proposal. Meanwhile, the Wall Street Journal quotes its sources as saying Zell is looking at how to revise his offer, possibly increasing the equity portion. While it has never been publicly disclosed, it has been widely reported that the proposal currently on the table would have Zell put up only 300 million in cash to become the controlling shareholder of Tribune, with 12.7 billion being borrowed, using a tax-advantaged structure employing an Employee Stock Ownership Plan (ESOP). Independent directors at Tribune have reportedly balked at risk inherent in the huge debt load. The WSJ story said Zell is revising his proposal, but didn't nail down whether he is ready to put up more of his own cash. Zell refused to talk to the WSJ, but did confirm in an Associated Press interview that he is still in talks with Tribune. He also disputed reports that this proposal has lost momentum or fallen out of favor with the Tribune board. Zell played his cards close to the vest in that rare interview. He confirmed to the AP that his proposal would have an ESOP hold a significant ownership role, but he refused to even comment on whether the 13 billion price tag is accurate.
RBR observation: The end of March is fast approaching - the deadline the Tribune Company board had set for making a decision on the future course of the company. Of course, that deadline could easily be extended. But having a deadline keeps everyone focused on the job at hand. If Zell really wants this deal, he knows he has to make his best and final offer very soon. Likewise, there is pressure on the board to meet the deadline so shareholders, employees and everyone else can have a clear view of where the company is supposed to be going.
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 XM/Sirius fire back
The NAB has been pushing its opinion on the proposed XM/Sirius merger with a series of ads in the Capitol Hill dailies. Of course, two can play at that game, and XM/Sirius have fired back, making the point that the combined entity would be just one player in a big audio marketplace. In an ad headed "Listen to the Numbers," it says there are 237M vehicles equipped with AM/FM radio, 230M personal computers with access to online audio, 223M weekly listeners to AM/FM radio, and 90M iPods, all compared to a mere 14M satellite radio subscribers. "Together," the ad argues, "XM and Sirius will offer more choices, including the best of both services." It promises "more choices, better prices."
| View the Ad |
RBR observation: The merger looks like it will have a very tough time getting support in the Senate Judiciary Committee's Antitrust, Competition Policy and Consumer Rights Subcommittee. At a grilling session on the topic of the merger, Sirius CEO Mel Karmazin was without doubt treated more as the main course than a star witness. The Subcommittee heard these arguments and also heard them countered, and in the case of Herb Kohl (D-WI) and Sam Brownback (R-KS), were clearly unsupportive of the propsed merger (although for very different reasons - concerns about monopolization for the former and about airing pornographic material for the latter). It will be interesting to see what happens when the relevant federal agencies get into the act. At the FCC, Chairman Kevin Martin has already expressed doubts. Stay tuned.
Radio the star at Journal
There were lots of negative numbers in the February revenue report from Journal Communications, but radio was the lone exception. Radio revenues rose 8.5% to 5.85 million. TV, meanwhile, saw revenues decline 7.2% to 10.49 million. That was all attributable to the lack of advertising related to the Winter Olympics on NBC, which had accounted for 1.82 million during the month a year earlier. So, all in all, Journal Broadcast Group saw February revenues decline 2.1% to 16.34 million. Publishing revenues were down 4.4% to 24.01 million, with ad revenues down 7% to 16.31 million. Both the flagship Milwaukee Journal Sentinel and the community newspapers and shoppers division reported ad declines.
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Tough month for big newspaper groups
Both Tribune Company and the New York Times Company saw improvement from their broadcast operations in February - although NYT Co. is in the midst of selling out of TV - but their big newspaper operations dragged both down in February as far as ad revenues are concerned. NYT saw ad revenues from continuing operations fall 6% to 151.9 million and total revenues from continuing operations fell 1.9% to 246.5 million. Those numbers include the small radio operation and Internet revenues. But TV is counted as a discontinued operation. There revenues rose 2.7% to 10.2 million for the month. At Tribune, Broadcasting and Entertainment Group revenues rose 2.4% to 90.3 million. TV revenues rose 1% to 84.1 million, with strength in telecom and restaurant/fast food partially offset by weakness in retail and movies. Radio/Entertainment (Chicago Cubs, TV syndication, etc.) shot up 25.9% to 6.2 million. But newspaper ad revenues fell 5.1% to 232.7 million, with retail up 1.4%, but national and classified both down. Total print revenues declined 5.1% to 294.2 million.
 Internet is the wild west of campaign advertising
If a political ad is placed on radio or television, it has to be sourced, and the money used to fund it generally has to be accounted for. The biggest loophole, the soft money that 527 organizations used to great effect in 2004, is being methodically shut down by the Federal Election Commission. But that is not the case with content that appears on the Internet. The big story this week has been a take-off on the classic 1984 Apple TV ad attacking Hillary Rodham Clinton (D-NY). Within days, another version came out attacking her rival, Barack Obama (D-IL). What the ads have in common is that nobody knows who created them. What remains an unknown is their effect. For example, material on YouTube is seen by a geographically-diverse group of people who have to make an active decision and click to watch it. That probably does not replace putting an ad on a broadcast outlet in Manchester in the run-up to the New Hampshire primary where it will reach whichever citizens happen to be tuned to the station. Another question: If viewers are actively selecting an Internet piece, are you influencing opinion or simply preaching to the choir?
| View the Video |
RBR observation: The question regulars are most likely to be interested in, however, is who is backing, producing and distributing material on the Internet. It isn't just interested citizens who can post anonymous material on the Internet. Well-funded entities with vested interests can go there too. Although we have no idea where this is going, we will not be surprised to see another head-on, four-way crash involving politics, technology, money and free speech.
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| Wall Street Media Business Report TM |
Tough quarter for Radio One
In its preliminary results for Q4, with the final version to come once the company has resolved its stock option reporting issues, Radio One said Q4 revenues were down 2% to 89.2 million. Station operating income declined 9% to 39.7 million. The net loss applicable to common shareholders was 22.9 million, or 23 cents per share, which was worse than Wall Street analysts had expected. Radio One doesn't give forward guidance these days, but company officials said that Q2 could be better than a still-disappointing Q1 if business continues to book late, as has been the case for some time now.
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Ad Business Report TM
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 Coors unveils 2007 advertising
Coors Brewing unveiled its 2007 campaigns for Coors Light, Keystone Light, Coors (The Banquet Beer), Molson Canadian and Killian's Irish Red at its annual distributor convention in Las Vegas this week. Creative from DraftFCB-Chicago, Taxi New York and Avenue A Razorfish was featured. The Coors Light campaign features a new tag, "The World's Most Refreshing Beer," a nod to the brand's successful positioning as the beer as cold and refreshing as the Rocky Mountains. The campaign includes a series of ads featuring unusual record holders, including the World's Fastest Man, The Strongest Man in the World and the World's Fastest Eater. Coors, also known as The Banquet Beer, is launching a new campaign that taps into the heritage and mystique that people associate with the original "yellow belly" can. The TV spots include a voiceover by actor Sam Elliott and were shot entirely in Colorado. Keystone Light introduces new executions from its successful "Always Smooth, Even When You're Not" campaign. In the examples of awkward or "unsmooth" situations, the brand is featured as the one thing that can be counted on to be consistently smooth. In a new campaign, Molson Canadian is aligning itself with one of Canada's greatest assets - nature. In the "Here's to Good Nature" campaign, mysterious imagery transforms Molson Canadian into striking Canadian nature scenes. Killian's Irish Red makes its return to television with an ad centering on a man's need to take the time to slow down and unwind. The "Never Rushed" campaign spot shows a man walking into a bar, and before he is allowed to enjoy a Killian's, he must discard the trappings of his corporate day, including his briefcase and PDA. The spot closes with, "We take our time to brew this beer. Please take your time to enjoy it." The "Never Rushed" campaign also includes out-of-home and radio.
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| Media Business Report TM |
 Monster Media new Lexus campaign to life
Monster Media, a provider of interactive advertising systems, has joined forces with Lexus to launch their newest ad campaign for the RX 350 luxury SUV. Monster Media is using its flagship product, MonsterVision, to make store-front windows interact with passing consumers. Lexus revealed its MonsterVision ads on retail storefronts simultaneously in New York, Los Angeles, and San Francisco on 3/15. The storefronts are covered by enormous, full-motion ads that react to pedestrian movement and engage consumers in a new interactive way that allows them to literally control the ad. The ads allow participants to witness car collisions on huge video displays and "undo" them by interacting with the ads using their own body movements. The safety-focused ads are larger than life, flaunting color, sound, and motion at once, communicating the brand's latest safety message, "The safest accidents are the ones that never happen." "Lexus is proud to offer consumers an opportunity to experience Monster Media's revolutionary technology and excited to connect with consumers in more relevant, innovative ways unseen in the industry before now," said Robin Pisz, National Manager, Lexus Advertising and Media. "These attention-grabbing ads allow us to really engage our consumers, involve them in the brand, and stress our commitment to style, safety, luxury and performance." MonsterVision integrates rich, visual display technology with sound to captivate audiences and deliver effective branding messages in high traffic areas. Oversized images splash across the display and invoke everyone who passes by to become part of the projected brand message. Viewers are able to physically interact with the display using body movements across the projected image.
RBR observation: We saw MonsterVision demoed at the AAAAs recently in Vegas and it really is impressive. They've already lined up a variety of large traffic areas like subway systems and sporting venues. MonsterVision really gets the attention of those passing by. This takes the out of home ad medium to a new level, as folks become part of the ad, in a sort of "psychedelic" fashion, for lack of a better word. Expect to see these things all over the place in the next couple years.
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| Media Markets & Money TM |
Call the whole thing off, or Coloff the whole thing?
It'll be the latter semantic option in Britt IA, where Coloff Media, comprised of three Coloffs - James, Susan and Anthony - are getting KHAM-FM from the Estate of Lyle Evans. It'll form a duopoly with a station some members of the Coloff family have an interest in, KIOW-FM Forest City. It also comes at a bargain price of only 10K, but that'll balloon to 25K if the new owners are able to get the FCC to approve an upgrade to full Class A status.
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| Washington Media Business Report TM |
 The trouble with children
If a television station airs, say, a 30-minute program aimed at children, and during that program one of the program's characters is featured in an ad, that transforms to program into a 30-minute commercial, way beyond the legal limit established for children's advertising (12 minutes per hour weekdays, 10.5 minutes per hour on weekends). University Broadcasting, which runs KGEB-TV, a religiously-themed indy in the Tulsa DMA, has received an expensive reminder of that fact over incidents going all the way back to 1999. (Despite its name, the station is not a noncom.) The FCC did not identify the specific children's program, but in the summer of the year in question, material from syndicator O. Atlas Enterprises included commercials for a tape of the program and a toy based on one of its characters. University took steps to make sure the error was not repeated, and also advised the FCC that the error took place. The FCC is sticking with an 8K fine for the violations, despite all this. It issued the usual comment, to the effect that discontinuing a banned activity and exhibiting candor when reporting to the Commission are expected behavior, not mitigating behavior, and refused to lower the fine, much less waive it.
RBR observation: Anyone who's ever walked into a toy store with their children knows that most popular children's programs ARE in fact program-length commercials. The most cursory glance at the shelves confirms that fact. A great many of them are non-commercial programs with nothing more than underwriters appearing between program segments. But although we never ever saw what you would call a commercial for a Teletubby, we sure spent a lot of cash on Teletubby paraphernalia before our kids aged themselves out of the Teletubby target demo. It doesn't particularly matter, however, if the program is commercial or not. After the household Teletubbies craze ran its course, our cash started going to the Powerpuff Girls (commercial) and Thomas the Tank Engine (noncommercial). Although it would not be a good thing to have Thomas himself suggesting a kid go ahead and eat a sugary, fat-laden breakfast, we would suggest that this blunt-edged regulatory tool does not bear any great relation to the situation in real life. But fine-tuning inevitably create gray areas, and we all know how much fun they can be. Bottom line: the FCC's unwillingness to waver on this nearly eight-year-old incident, disregarding the station's apparent good faith effort to obey the rules, indicates that current children's topics on the docket are prime territory for new regulation.
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| Internet Media Business Report TM |
CRB judges to reconsider webcasting royalty fees
Following petitions received this week from NPR, the Digital Music Association, broadcasters including Clear Channel, Bonneville, Susquehanna Radio and the National Religious Broadcasters (3/21/07 RBR #56), the Copyright Royalty Board (CRB) agreed to reconsider its decision to increase webcast royalty fees. Chief Copyright Royalty Judge James Scott Sledge asked that the parties who filed requests for a rehearing submit their arguments by 4/2. Note that while CRB is agreeing to hear motions, no rehearing has been granted. From a Bloomberg report: "The judges agreed to listen to arguments submitted by National Public Radio, commercial radio broadcasters, and college stations, the board said yesterday...The higher Internet royalties would force NPR stations to cease offering Web simulcasts, Sporkin said. SomaFM, owner of 11 Web music channels, said its 2006 fees would multiply 27 times under the new rates to more than 600,000. Next year's would exceed 1 million. Record companies 'don't want competition from independent webcasters' because it threatens the labels' business models, SomaFM said."
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| Ratings & Research |
 Country fans will listen
to new music
The full report from the What Happens When New Music Gets Played: The Impact of New Songs on the Radio Audience study is now available from Arbitron, Coleman and Media Monitors. This is the landmark study the three companies previewed at last month's Country Radio Seminar in Nashville in a presentation by Coleman president Jon Coleman. Through an extensive analysis of data from Arbitron's Portable People Meter measurement of Houston radio listening and music monitoring data from Media Monitors, the study reveals how the exposure of new songs on KILT-FM did not undermine the station's audience levels. It also reveals how, on average, the Country audience grows 1.8% with the exposure of a new song. Among the other key findings are that not all new Country music is created equal when it comes to its impact on audience levels. Established artists perform better than new artists, uptempo songs perform better than slower titles and songs from male artists perform better those from female artists. It takes about 25 weeks for a new song to have its maximum impact on a Country station's audience levels. The full report is available for free at arbitron.com, ColemanInsights.com and mediamonitors.com.
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| Transactions |
40M KGMB-TV Honolulu HI, KGMD-TV Hilo HI & KGMV-TV Wailulu HI from Emmis Televsion Licenses LLC, a subsidiary of Emmis Communications Corporation (Jeffrey H. Smulyan) to HITV License Subsidiary Inc., a subsidiary of MCG Capital Corporation (Douglas Greenlaw et al). Cash. Includes two LPTVs. All stations are CBS affiliates. [File date 3/1/07.]
200K WQXL-AM Columbia SC from Metro Communications Inc. (John T. Lastinger) to Glory Communications Inc. (Alex Snipe). 10K escrow, balance in cash at closing. Optional LMA. Superduopoly with WFMV-FM, WLJI-FM, WGCV-AM & WEAF-AM. [File date 3/1/07.]
90K WDOW-AM Dowagiac MI from LeSea Broadcasting Corporation (Peter Sumrall) to Langford Broadcasting LLC (Larry Langford). LMA/option. Duopoly with WGTO-AM Cassopolis. [File date 3/1/07.]
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| Stock Talk |
Investors cheer Fed non-action
The Fed did exactly what was expected - left rates unchanged. But more importantly, the statement it issued was taken as indicating it is less likely that the Fed will consider raising rates anytime soon. So, Wall Street celebrated. The Dow Industrials rose 159 points, or 1.3%, to 12,448.
Radio stocks joined the advance. The Radio Index rose 2.348, or 1.5%, to 156.553. Entravision was the day's star, up 4.2%. Westwood One gained 3%.
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| Radio Stocks |
Here's how stocks fared on Wednesday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
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Arbitron
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ARB
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47.69
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+0.74
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Journal Comm.
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JRN
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13.12
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+0.12
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Beasley
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BBGI
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9.00
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+0.02
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Lincoln Natl.
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LNC
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68.44
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+1.48
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| CBS CI. B |
CBS |
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30.67
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+0.18
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Radio One, Cl. A
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ROIA
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6.80
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-0.02
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| CBS CI. A |
CBSa |
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30.70
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+0.18
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Radio One, Cl. D
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ROIAK
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6.80
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unch
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| Citadel |
CDL |
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9.88 |
+0.07 |
Regent
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RGCI
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2.97
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-0.03
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Clear Channel
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CCU
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35.63
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+0.11
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Saga Commun.
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SGA
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9.80
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unch
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Cox Radio
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CXR
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13.91
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+0.32
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Salem Comm.
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SALM
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13.02
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+0.08
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Cumulus
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CMLS
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9.47
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+0.24
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Sirius Sat. Radio
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SIRI
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3.37
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+0.06
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Disney
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DIS
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35.17
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+0.79
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Spanish Bcg.
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SBSA
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4.18
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+0.07
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Emmis
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EMMS
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8.16
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+0.16
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SWMX
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SMWX
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0.89
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-0.03
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| Entercom |
ETM
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28.45
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+0.71
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Univision
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UVN
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36.14
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+0.04
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Entravision
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EVC
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9.20
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+0.37
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Westwood One
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WON
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6.64
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+0.19
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Fisher
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FSCI
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47.84
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+0.76
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XM Sat. Radio
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XMSR
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13.50
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-0.04
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Hearst-Argyle
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HTV
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26.50
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+0.24
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-
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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]
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Below the Fold
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Ad Business Report
Coors unveils 2007 advertising
The brewer has new campaigns for all of its lines, with creative from DraftFCB-Chicago, Taxi New York and Avenue A Razorfish.
Media, Markets & Money
Coloff deal in Iowa
It's a family buy in Britt, Iowa, and a duopoly for a bargain price.
Washington Media Business Report
Beware the full length commercial
A religious TV station in Oklahoma has been fined for airing a 30-minute show for kids that was more like a 30-minute ad in the eyes of the FCC.
Internet Media Business Report
Internet royalty fees to be reviewed
The Copyright Royalty Board has agreed to reconsider its decision to increase webcast royalty fees, which online streamers have claimed will drive every one of them out of business.
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Stations for Sale
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Mississippi AM-FM
Recently Merged, Profitable Now
Significant Upside Remains
Gordon Rice Associates
(843) 884-3590
[email protected]
NorthEast FM's For Sale
Clusters, standalones, sticks
8x - 12x BCF, 950K - 7.2M
[email protected] or
781-848-4201
10 TX, AZ, NC, and GA
FM radio stations at an exceptional value offered for sale. Broker cooperation encouraged. Please visit www.toweritrust.com for complete information including pricing.
 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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South Dakota shift
Curt Dykstra is joining NRG Media as General Manager of KYNT-AM & KKYA-FM Yankton, SD. He has been GSM for Backyard Broadcasting in Sioux Falls, SD.
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More News Headlines
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CBS sells bonds
CBS Corporation announced the pricing of a 700 million debt offering of 6.75% senior notes due 2056. CBS said it expects to use the proceeds to repay a portion of its senior notes due in May 2007 and for general corporate purposes. The joint lead and joint book managers for the offering are Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Morgan Stanley & Co. Incorporated, UBS Securities LLC and Wachovia Capital Markets, LLC are senior co-managers on the deal.
Buzz stake
brings a buck
Emmis Communications is selling its 50% stake in "The Daily Buzz," the morning TV news show targeting young demos, to partner ACME Communications for one dollar, effective April 1st. First though, Emmis will shoulder its share of the continuing losses for Q1.
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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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Hot seat on Capitol Hill
for Mel Karmazin
Attorney David Balto said "A monopoly is forever." There may be temporary safeguards put in place on the proposed merger of XM and Sirius, but he said your grandchildren will be paying monopoly subscription fees. And if you live in a small town right now, with a limited number of terrestrial radio stations, XM and Sirius are the options, and they should remain competitive. The Chairman of the Antitrust, Competition Policy and Consumer Rights Subcommittee Herb Kohl (D-WI) said that merging XM and Sirius into one company would be a great business opportunity, over time, but he wasn't sure the government should be condoning it. To read all Statement summaries here.
03/21/07 RBR #56
Karmazin v. Karmazin?
Speaking of the DARS business, somebody once said, "You are dealing with two companies - it would be great if there was a monopoly, but the second best thing to a monopoly is a duopoly." Somebody recently took a somewhat different view of the situation at a recent Congressional hearing on the proposed XM/Sirius nuptials. "There is no monopoly or duopoly. That's the most bizarre thing I have ever heard." The National Association of Broadcasters unearthed these two quotes, and has taken out a fourth ad in the Capitol Hill dailies to share them with legislators. What makes the statements remarkable is that they were both said by Sirius honcho Mel Karmazin.
RBR observation: Investors often have different interests than regulators and legislators. It's too bad you can't make your broad statements to these groups with an eyes-only disclaimer, especially in these days when anything you say echoes endlessly on the world wide web.
03/21/07 RBR #56
Hedge funds still growing...a lot!
The entry of hedge funds into radio and TV station financing in the past couple of years has been one of the biggest changes in the station transaction market - and broadcasting is not alone. Many other industries are seeing involvement from hedge funds as the aggressive managers seek new places to put their funds to work. Also, investors are literally lining up to pump more cash into hedge funds in hopes of generating better returns than many other investments. Hedgefund.net estimates total hedge fund asset levels increased by almost 6% in the last quarter of 2006 to 1.89 trillion from 1.79 trillion in the third quarter.
RBR note: There is a lot more information on hedge funds in this special RBR report page.
03/20/07 RBR #55
Web still struggling with localism
A venture capitalist quoted in Business Week recently said that there is a pot of gold out there for the person who figures out how to create a truly local Internet gathering place aimed at neighbors, and the local businesses that would love to get their messages in front of them. The good news for broadcasters is that so far, this has proven to be an illusive goal. Much of the content on the Internet survives because it can gain critical mass by being found by like-minded but geographically diverse people. This possibility is shut off by definition for a local site. And there is still a problem, reported by entrepreneurs who have been trying to get such sites off the ground, of persuading advertisers to pay to be part of it.
RBR observation: It's abundantly clear that the web is sucking cash out of all other advertising media already, and it will not be good when someone figures out a way to create a viable local Internet community. Radio's defense of its local turf must be sincere, spirited and strong.
03/20/07 RBR #55
Hollander hitting the Exit Door?
While CBS Radio has no comment on the matter, The NY Post reported Friday that CBS Radio Chairman and CEO Joel Hollander is "quietly laying the groundwork to step down before his contract expires at year's end after a discordant relationship with CBS boss Les Moonves...Hollander...is said to be tired of the continual battles with Moonves over the radio unit's direction."
RBR observation: Joel has weathered many storms at the helm of CBS Radio. We're not sure about this one. We're also not sure why this article came out-if it was the product of a conversation with Joel or not, it looks a bit like he may not make it to the end of the year. But he has surprised many before, so no surprises either way, we say. We've heard in the past Moonves has been in discussions with both Jimmy deCastro and Randy Michaels (who now has a new job in TV). We imagine this past weekend may have brought at least one of those conversations back to light. We would also predict some folks might be coming back that had been previously been fired. Last deals with boss Moonves and this is no secret as he has stated in a number of conference calls about the radio side of CBS, to him it is only a Margin Business.
03/19/07 RBR #54
TNS sees Internet growing fast
The changing media landscape was caught in a TNS Media Intelligence annual snapshot which saw TV's usual even-year growth, flat radio, declining newspaper and burgeoning internet. The advertising market as a whole was reported up by 4.1%. TGS measures five general media categories, and internet was part of "all other media," along with outdoor and free-standing inserts. Here is a category-by-category breakdown special page report in RBR.
03/19/07 RBR #54
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