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Industry News

Wall Street Bettors Pluck Up Entercom Stock

Radio+Television Business Report
4 years 3 months ago

The announced launch this week of the “BetQL Audio Network” by Entercom Communications appears to have sparked much-needed investor interest in the audio media company that owns podcast players Cadence13 and Pineapple Street, the Radio.com audio streaming platform, and broadcast stations such as WFAN in New York.

Entercom stock was up by more than 10% as the conclusion of Friday’s trading on the NYSE arrived.

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Adam Jacobson

Advertising Growth Resumption a Digital Tale

Radio+Television Business Report
4 years 3 months ago

Here’s the good news: Global advertising spend is expected to grow 5.8% in 2021 as the industry begins to recoup the 8.8% fall in 2020 brought about by the impact of COVID-19.

Now, the not-so-great news from Dentsu: digital is expected to account for half of all expenditure for the first time.

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The first dentsu Ad Spend Report since the global pandemic began anticipates that $579 billion USD will be spent globally, with all regions enjoying positive growth.

Digital is powering the recovery, with Social (18.3%), Search (11.0%) and Video (10.8%) expected to benefit the most.

That said, television will benefit — we believe — from the postponed 2020 Summer Olympic Games in Tokyo. Concerns over a possible cancellation loom large, and this could impact NBCUniversal in the U.S.

Even if the Olympics are to occur, the positive signs of momentum in 2021 won’t fully recover the carnage the pandemic brought to advertising.

“A return to pre-pandemic levels of advertising spend is unlikely until 2022, when spending is likely to reach $619 billion and grow at a rate of 6.9%,” dentsu says.

“While a return to growth will be welcomed all round, the road to recovery for marketers should be supported by investing in ways that will put consumer intelligence at the heart of their business strategies,” notes Peter Huijboom, Global CEO Media for dentsu international. “We know from our own CMO survey that understanding consumer behavior in a post-pandemic world is the biggest challenge marketers face. To build hyper-empathy in this new reality will require a real focus and investment in data, e-commerce, and new technologies like connected TV as well as building deeper partnerships across all areas of the industry.”

For the U.S., the 2021 growth forecast is at 3.8%, compared to a 7.5% decline in growth in 2020.

For 2022, the forecast is for 8% growth.

In Canada, the 2021 growth forecast is pegged at 7.2%. But, the Canadian economy suffered -9.6% growth in 2020.

Meanwhile, Italy and Spain are set to experience tepid growth after major 2020 contractions.

By media, global shares of ad media spend show flat growth for radio (5.8%), with a slight dip to 5.5% in 2022.

Meanwhile, global TV ad spend is in a slow decline, moving to 29.9% in 2021 from 31.1% in 2020. It is forecast for 29.6% in 2022.

RBR-TVBR

The Children’s Television Filing Deadline is Fast Approaching

Radio+Television Business Report
4 years 3 months ago

The deadline to file the 2020 Annual Children’s Television Programming Report with the FCC is Saturday, January 30, reflecting programming aired during the 2020 calendar year.

But, since this date falls on a weekend, you have until the end of day Monday to make your submissions, Scott and Lauren Flick of Pillsbury Law note.

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RBR-TVBR

Salem Shares Slump In Heavy Trading Following Thursday High

Radio+Television Business Report
4 years 3 months ago

Other than the signing of conservative Republican U.S. Senator Josh Hawley to its Regenery publishing arm after Simon & Schuster cancelled its book deal with the politician following the January 6 Capitol insurrection, Salem Media Group has issued no official announcements of any kind.

Could investors nevertheless be concerned about Salem?

Friday’s trading session saw Salem shares decline sharply, and on heavy volume.

But, the dip came one day after SALM finished at its highest COVID-19 era value.

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Adam Jacobson

NewsNation Selects Its D.C. Bureau Chief

Radio+Television Business Report
4 years 3 months ago

WASHINGTON, D.C. — With WGN America set to rebrand itself as NewsNation, building on the Nexstar Media Group-owned cable network’s prime-time news block, a new Washington, D.C. Bureau Chief is settling in Inside the Beltway.

It’s an individual who reports to VP/New Jennifer Lyons that helped Norah O’Donnell get settled in to new D.C. environs in 2020.

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RBR-TVBR

The Next Retrans Battle for CMG: A DirecTV Deal

Radio+Television Business Report
4 years 3 months ago

As Cox Media Group stations formerly owned by Brian Brady‘s Northwest Broadcasting cheer their return to Suddenlink lineups across the U.S., Apollo Global Management-controlled CMG faces another retransmission consent battle.

This one involves one of the nation’s two direct broadcast satellite providers.

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Adam Jacobson

ACDDE Reveals Agenda For Feb. Virtual Meeting

Radio+Television Business Report
4 years 3 months ago

The FCC has released what it’s calling the “anticipated agenda” for the next virtual meeting of its Advisory Committee on Diversity and Digital Empowerment (ACDDE).

The online gathering is scheduled for February 11.

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RBR-TVBR

Al Peterson, Who Shifted From AOR To News/Talk/Sports, Is Mourned

Radio+Television Business Report
4 years 3 months ago

He spent more than 45 years in the radio broadcasting industry, with notable rock ‘n’ roll stints in Western New York, Tampa-St. Petersburg and San Diego. But, he’s most likely remembered as a champion of spoken word radio, thanks to his tenure as News/Talk/Sports Editor for the defunct Radio & Records and, later, at the helm of his own daily e-newsletter.

Al Peterson, who recently retired and lived in Rancho Bernardo, Calif., has died. He was 68.

RBR+TVBR OBSERVATION by Adam R Jacobson: It’s been a rough 48 hours. First, I learned of the loss of longtime mentor and friend Bill Tanner. Then, I received word that my last boss at R&R had died. It’s rough because Al was just wonderful to so many across the industry. (SEE FULL TEXT BELOW).

 

News of Peterson’s passing first surfaced late Thursday and was confirmed early Friday by RBR+TVBR. Former colleagues Steve Resnik and Kevin Carter, partners in RAMP: Radio and Music Pros, were the first to share the news on their website.

They sourced a private message posted on Facebook that provided details of Peterson’s passing. He died “a little over a week ago.” And, he did not die of COVID-19.

Rather, Peterson succumbed from an unusual series of events that led to oxygen being cut off to his heart, his brain and his lungs. His family noted that his death was sudden.

Per Peterson’s directive, his organs were harvested for transplant. According to AllAccess, Peterson’s liver has already resulted in a life-saving transplant of a woman in Southern California. Additionally, enough skin, bone, tissue and other transplantable features could potentially help more than 60 people.

FROM ‘MAGIC’ TO ‘NTS’

Peterson began his career in programming, and on the air, in Rochester, N.Y. In one of his first leadership roles, Peterson was appointed Program director of WMJQ-FM “Magic 92” in Rochester, which switched from News on February 1, 1977 with a Album-Oriented Rock approach similar to what could be heard on stations such as “Love 94” in Miami and, later, at WMMO-FM in Orlando. Previously, Peterson was the production director for WBBF-AM and WMJQ’s predecessor.

Peterson would work crosstown at WHFM, and then relocate to Tampa. There, he programmed WQXM, the original “98 Rock.”

In 1981, he famously jumped across town to Rocker WYNF-FM, sparking a memorable AOR war as “95YNF” rattled “98 Rock” while WRBQ “Q105” commanded the remainder of the young adult and youth audience.

One year later, however, in 1982, Peterson would depart WYNF to join Pollack Communications as VP/Programming and Research.

There, he supervised research for stations consulted by the company, working alongside Jeff Pollack.

From 1983-1993, he headed his own program and management consultancy while also serving as an affiliate consultant to Unistar Radio Networks‘ 24-hour format division.

Then, in October 1993, Peterson was named VP/Operations for PAR Broadcasting, a San Diego-based entity that owned KGMG, KIOZ and KKLQ-AM & FM “Q106.”

Coverage of Al Peterson being named VP/Operations of PAR Broadcasting in October 1993.

At Q106, Peterson’s duties included ensuring the continued success of its morning show, hosted by Jeff Detrow (today the afternoon co-host for Educational Media Foundation’s Christian Contemporary KLOVE network) and Jerry St. James.

Peterson would remain at PAR through the end of 1997.

That’s when he would make a career pivot that would firmly establish him as a trusted voice and columnist for the Talk radio community, as he joined R&R as News/Talk/Sports Editor.

It was a role he kept through R&R’s August 2006 merger with Billboard Radio Monitor, exiting in April 2007 to start up his own operation under the “NTS MediaOnline.com” name.

Peterson would publish NTS MediaOnline Today through Dec. 16, 2016 as an afternoon e-newsletter. Sales was handled by Oklahoma radio station owner Brooke Williams, a SVP/Membership of the RAB who is also a R&R alum.

Peterson is survived by his wife, Cindy, and his children Adam and Rebecca. “We will honor his wishes with a BIG celebration of his life once the world opens up again and we can all be together to laugh, dance, eat, drink and pay tribute to the wonderful life he had,” his family said via Facebook, RAMP 24/7 reports.

In lieu of flowers, the Peterson family asks that donations be made to one of Al’s favorite charities, San Diego Food Bank.

RBR+TVBR OBSERVATION — by Adam R Jacobson

It’s been a rough 48 hours. First, I learned of the loss of longtime mentor and friend Bill Tanner. Then, I received word that my last boss at R&R had died. It’s rough because Al was just wonderful to so many across the industry.

Al arrived a year and a half after I began at R&R. I was hired by one of his predecessors, Randall Blooomquist, and we had a shared passion for rock ‘n’ roll, Tampa, San Diego, and reporting the facts in a fair and honest environment. 

Over the years, Al and I had formed a strong bond, culminating in his informal oversight of daily news operations in the final months of R&R as a Perry Partners-owned operation. On the morning staff learned via media reports that VNU was merging R&R and Billboard Radio Monitor, Al was one of the first people I contacted. 

Later, as Al would launch his own publication, I kept in regular contact even as I had moved on from covering the radio business. It was one way to stay connected, and up to date on everything in the Talk radio world, which he conquered at R&R through conferences dedicated to the Spoken Word format. Those events were among the most remembered by legions of radio industry executives, because it attracted heavyweights including Paul Harvey.

Al’s death was shocking to read. Then, I learned of his wishes. No funeral. Donation of body parts to those in need. That warms my heart, because it confirms just how wonderful of a man Al was.

I’m sure I’m not alone with those sentiments.

Adam Jacobson

Ed Stolz: Surrender, Or Else, To U.S. Marshals

Radio+Television Business Report
4 years 3 months ago

The continuing saga of the man known for his quixotic quest to annul an Entercom Communications transaction consummated a quarter-century ago, an individual who is losing ownership of all but one of his radio stations, has reached its zenith, thanks to a judge presiding in the U.S. District Court for the Central District of California.

Ed Stolz on Thursday afternoon was ordered to surrender to U.S. Marshals in Riverside on Groundhog Day, at exactly Noon Pacific.

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The order from Judge Jesus Bernal signaled what many who have been observing the case, WB Music Corp., et al v. Royce Intl. Broadcasting Corp., et al: Bernal has lost patience with Stolz.

Importantly, the order to surrender comes after Stolz was held in contempt of court for failing to respect Bernal’s prior orders and a January 12 petition submitted to the court by attorneys Fred Heather and Rory Miller at Glaser Weil Fink Howard Avchen & Shapiro on behalf of the court-appointed receiver of Stolz’s three FMs.

That would be Larry Patrick, Managing Partner of Patrick Communications and the operator of radio stations in Wyoming. Patrick was appointed the receiver of Class A KRCK-FM 97.7 in Palm Springs, Calif.; Class A KREV-FM 92.7 in Alameda, Calif., with coverage of the city of San Francisco and Oakland; and Class C KFRH-FM 104.3 in North Las Vegas, Nev. by Bernal in July 2020.

The naming of Patrick and assignment of the stations’ license to him came after the stations failed to pay ASCAP license fees “over several years” and continued to broadcast songs written and published by the group’s members without permission.

Faced with the loss of ownership of the three stations, Stolz engaged in a series of actions that obstructed Patrick from gaining full control, and moving forward with their sale.

VCY America Inc., the Wisconsin-based non-profit religious broadcaster that gains a considerable foothold in California and in Sin City with its Christian Talk & Teaching programming, is set to become the FMs new owner. It is agreeing to pay $6 million for the properties — per agreement signed not by Stolz but by Patrick.

VCY is all but ready to assume control. It immediately paid $5.4 million in cash, with the remaining $600,000 considered as an escrow payment.

However, Stolz is engaged in “ongoing disobedience,” Patrick’s legal counsel argued. Bernal agrees.

Most recently, Patrick’s attorneys said, Stolz instructed James Palomares — the sole remaining full-time employee of the three stations — to publish a number of post-filing announcements required by the FCC as part of the broadcast license transfer process to VCY. But, Stolz intervened, the attorneys claim. He demanded that Palomares not do so. The act is necessary in order to make the license transfer happen.

“Enough is enough,” the attorneys wrote. “The court is well familiar with Mr. Stolz’ antics, and has already been forced to hold him in contempt and order him jailed in order to secure his compliance with the receiver’s efforts.”

Now, it appears Stolz has run out of further opportunities to concoct a scheme that, somehow, would allow him to retain control of the trio of FMs; a spoken-word AM owned by Royce International serving Las Vegas is not included in the lawsuit.

And, it seems Stolz is now without legal counsel. On January 6, Dariush G. Adli filed a motion to withdraw as counsel of record for Royce Broadcasting.

He will need a new lawyer by February 4.

That said, he will most likely be in the custody of U.S. Marshals on that date.

 

Adam Jacobson

AM All-Digital: Ready to Go

Radio World
4 years 3 months ago

A new free ebook explores what will happen next, now that the Federal Communications Commission has given the OK for U.S. AM radio stations to turn off their analog signals and switch on all-digital HD Radio if they wish.

Which broadcasters might implement the technology? What would your station need to do to convert? How can you estimate costs; what guidance can your transmitter manufacturer provide? 

The ebook, co-sponsored by Xperi, includes interviews by Radio World’s editorial team with several broadcasters who have firsthand experience of airing the MA3 mode of HD Radio, plus experts at NAB, Cavell Mertz, Nautel and several other radio companies.

Read it here.

The post AM All-Digital: Ready to Go appeared first on Radio World.

Paul McLane

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