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Industry News

Meet Scripps’ New Chief Revenue Officer

Radio+Television Business Report
4 years 3 months ago

The E.W. Scripps Company has appointed a veteran television sales executive to serve as its new Chief Revenue Officer.

Today marks his first day in his new role.

Landing the position is Michael Teicher.

He’ll be responsible for developing the company’s ad sales strategy for all the Scripps networks across all platforms, including general market, direct response, programmatic/digital, long-form and sponsorship advertising.

He reports to Jonathan Katz, chief operating officer and head of entertainment for Scripps networks.

Teicher joins Scripps from 20th Television, where he served as EVP of Media Sales, overseeing the syndication for all Fox and Debmar Studios Syndicated television shows, including Modern Family, Family Guy, Family Feud, and The Wendy Williams Show.

Teicher was previously EVP/Media Sales for Warner Bros. Domestic TV Distribution, leading the sales efforts for all of the company’s syndicated television shows.

He also spent more than a decade in ascending roles with Turner Broadcasting Sales,  where he developed new, incremental revenue streams around the Turner and Time Warner portfolio while also helping to create and run the company’s marketing solutions group.

Teicher also had successful sales stints with Major League Baseball Productions, Replay TV and Harmonic Communications.

“Michael is one of the industry’s most widely-respected and seasoned sales executives, having successfully brought to market some of the most popular shows on television,” Katz said. “As we bring ION into the fold and combine our networks, his experience positioning top brands and creating unique and powerful marketing solutions for advertising partners across multiple platforms will be a tremendous asset.”

RBR-TVBR

Netflix Sputters In Q4 As Net Income Dips

Radio+Television Business Report
4 years 3 months ago

The modern era’s biggest competitor to broadcast media content consumption, Netflix, on Tuesday afternoon released its Q4 2020 results.

How did it do? Perhaps the Q1 2021 forecast is a better topic of discussion. While 21.5% year-over-year revenue growth was seen for Netflix, net income was down.

Why? Global Streaming Paid Net Additions were down year-over-year in Q4.

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Adam Jacobson

‘A Bit Confused’: SCOTUS Offers A Cloudy FCC Forecast

Radio+Television Business Report
4 years 3 months ago

For exactly 82 minutes until what seemed to be, at least to laymen, an abrupt end, the U.S. Supreme Court on Tuesday heard oral arguments in the FCC and NAB’s case seeking the high court’s reversal of the Third Circuit Federal Appeals Court remand of its cross-ownership media rule rewrite.

What’s the key takeaway from the session? Several justices seem confused by what they are being asked to judge, and the Justice Department’s Deputy Solicitor General serving as the FCC’s counsel was definitely on the hot seat.

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Adam Jacobson

Entercom Shares Soar On Wells Fargo’s Upgrade

Radio+Television Business Report
4 years 3 months ago

When Marci Ryvicker was Managing Director of Wells Fargo Securities, a role she had for 16 years before exiting in August 2018, she was a champion of Entercom Communications.

Some 2 1/2 years later, her successor at Wells Fargo is equally enamored with the audio media company, as he’s just given its stock an important vote of confidence.

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Adam Jacobson

The InFOCUS Podcast: Davina Sashkin

Radio+Television Business Report
4 years 3 months ago

The U.S. Supreme Court for exactly 82 minutes on Tuesday morning (1/19) heard a consolidated oral argument in FCC v. Prometheus Radio Project. That’s the case that sees the Commission seeking the reversal of the Third Circuit Federal Appeals Court’s remand of its cross-ownership rule rewrite.

The questions from the justices and, in particular, how the FCC’s legal counsel addressed some of them, was just one of the topics Fletcher, Heald & Hildreth co-Managing Member Davina Sashkin discussed in an exclusive conversation with RBR+TVBR Editor-in-Chief Adam R Jacobson.

What was on the mind of the justices? What happens now? When can the broadcast media industry expect a ruling? Sashkin shares all in this podcast, presented by DOT.FM.


Listen to “The InFOCUS Podcast: Davina Sashkin” on Spreaker.

Adam Jacobson

Earthworks Audio Debuts Icon Microphones

Radio World
4 years 3 months ago

Earthworks Audio has introduced its Icon USB and Icon Pro XLR microphones, both intended for use in podcasting, remote working, streaming and home recording.

The condenser-type Icon USB offers a frequency response of 20 Hz to 20 kHz, used a cardioid polar pattern, and can take on up to 132 dB. Meanwhile, the phantom-powered Icon Pro expands on those specs with a frequency response of 20 Hz to 30 kHz and a maximum acoustic input of 139 dB. Both versions weigh 1.5 pounds.

[Check Out More Products at Radio World’s Products Section]

Designed with an eye towards providing visual flair for those who appear on camera with their mics, the Icon series mics are stainless-steel constructed. Earthworks partnered with Triad-Orbit to design and build a custom desktop microphone stand that ships with the Icon microphones. The integrated M-2R swivel ball joint can be disconnected and remounted on any studio mic stand or boom arm.

Icon Pro looks and feels similar, but is hand-tuned with an extended frequency response; the capsule has a faster rise time speed of 11.67 microseconds. Because it is an XLR broadcast microphone requiring 48 V of phantom power, it offers extended headroom and dynamics. The mic ships with an integrated Triad-Orbit M-2R adapter as well.

Both microphones are currently shipping. Since all components are machined and hand-assembled in Wilton, N.H., the initial launch will cater to U.S. distribution. Icon retails for $349 and Icon Pro sells for $499.

Info: https://earthworksaudio.com

 

The post Earthworks Audio Debuts Icon Microphones appeared first on Radio World.

ProSoundNetwork Editorial Staff

Emmis Tabs Graham for Indy Market

Radio World
4 years 3 months ago

Emmis Communications will promote company veteran Taja Graham to become president of its important Indianapolis radio market on March 1.

She’ll succeed Bob Richards.

Graham is currently VP of sales. The company said Richards recommended Graham for the role and that he will pursue other career interests after a transition period.

In the market, Emmis owns news/talk WIBC(FM), adult contemporary WYXB(FM) “B105,” country WLHK(FM) “Hank FM,” the multi-signal sports/talk “The Fan,” and Network Indiana.

Graham has been with Emmis for 22 years in a variety of radio sales and promotions leadership roles. She is a graduate of the Radio Advertising Bureau’s Mentoring and Inspiring Woman in Radio (MIW) Rising Through the Ranks program.

The change was announced by Chairman and CEO Jeff Smulyan.

Bob Richards has also been an executive with Cumulus and Susquehanna. Smulyan commended him for his successes with revenue and ratings at Emmis Indianapolis.

The post Emmis Tabs Graham for Indy Market appeared first on Radio World.

Paul McLane

Duplication Rule Vote Lacked Due Process, Critics Say

Radio World
4 years 3 months ago
Future of Music Coalition logo

Three petitioners are firing back at the National Association of Broadcasters in their debate about the radio duplication rule and whether the Federal Communications Commission allowed a last-minute “switcheroo” before voting to kill it.

The petitioners are REC Networks, musicFIRST Coalition and Future of Music Coalition. At issue is whether the FCC acted properly last year when it ended the rule for commercial FM stations as well as AMs.

The three groups want to overturn the inclusion of FMs. Their petition, filed in November, has been the subject of strongly worded back-and-forth comments filed with the FCC.

Ex parte in question

The former rule prohibited commercial AM and FM stations from duplicating more than 25 percent of an average week’s programming on commonly-owned stations in the same service (AM or FM), in the same geographic market.

The FCC last August killed it by a 3–2 vote in part to “help struggling stations stay on the air” and help with a potential voluntary digital transition in AM. It also called the change part of its effort to streamline and modernize its media rules.

But the draft order that the FCC had published ahead of that meeting explicitly said the rule was to be changed only for commercial AM stations. Shortly before the day of the vote, FM stations were added to the proposal.

The critics, which believe this change will inevitably lead to less program diversity, said the FCC added FM after the NAB lobbied Republican commissioners “on the literal eve of the applicable Sunshine Agenda Period.” They said this timing effectively prevented others from further advocating prior to the vote.

So in November they asked the FCC to revoke the FM part of the decision. They believe the FCC violated due process in allowing a “180 degree switcheroo” after NAB had made a critical last-minute presentation without due public discussion.

NAB countered with a vigorous filing this month, as we’ve reported. It said the FCC vote was justified, that the critics didn’t understand the business fundamentals of radio, and that musicFirst and FMC were being “retaliatory” because of the separate issue of performance royalties. [Read more on NAB’s filing.]

Latest filing

Now the three groups are criticizing the NAB for making an “ad hominem attack.” They say in their reply comments that the NAB didn’t even try to address their complaint that the FCC failed to follow proper procedures.

“Instead, NAB asks the commission to simply accept its unsupported assertion that there is so little demand by broadcasters for program duplication on commonly-owned FM stations, that the commission shouldn’t worry about radio owners actually taking advantage of the rule change,” they wrote.

“NAB’s argument fails to take into account that larger corporate owners of FM radio stations could engage in widespread local duplication of FM programming in the wake of this needlessly drastic rule change … Such widespread duplication of programming would necessarily harm the public interest in program diversity at local market levels.”

The groups pointed out that another critic, Common Frequency, said the FCC broke its own rules by failing to issue a public notice about NAB’s ex parte meeting until after the vote. Common Frequency also said the NAB and FCC both publicly misidentified the recipients of NAB’s presentation as the Media Bureau, not the majority commissioners who had the authority to vote on the matter.

The three groups concluded by again calling for the FCC to reinstate the FM portion of the rule. Instead they want the commission to monitor waiver applications for local FM duplication of programming “in order to determine how often, and under what types of circumstances, owners seek relief from the rule designed to protect the public interest in programming diversity on local FM airwaves.”

The post Duplication Rule Vote Lacked Due Process, Critics Say appeared first on Radio World.

Paul McLane

Beasley Commences Notes Offering

Radio+Television Business Report
4 years 3 months ago

NAPLES, FLA. —Beasley Broadcast Group wholly owned subsidiary Beasley Mezzanine Holdings has announced that it intends to offer $280 million in aggregate principal amount of senior secured notes, subject to market and other conditions.

It can do so to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S under the Securities Act.

Beasley says the notes are expected to be fully and unconditionally guaranteed by the company and each of Beasley’s existing domestic majority owned subsidiaries and certain future material domestic majority owned subsidiaries on a senior secured first-priority basis, subject to certain exceptions, limitations and permitted liens.

It’s a new debt for old debt swap.

Beasley Mezzanine Holdings expects to use the net proceeds of this offering to repay in full existing indebtedness under the company’s senior secured credit facilities and certain other indebtedness, with remaining proceeds to be added to BMH’s balance sheet and used for general corporate purposes.

The Notes and related guarantees will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

— GlobeNewswire

RBR-TVBR

Scripps Clarifies Buffett’s Berkshire Hathaway Commitment

Radio+Television Business Report
4 years 3 months ago

Over the Dr. Martin Luther King Jr. Holiday, word surfaced that The E.W. Scripps Co. was enjoying strong after-hours trading for its stock because of a report offered by a Smarter Analyst Wall Street observer that took note of a Securities and Exchange Commission disclosure from noted investor Warren Buffett.

While Smart Analyst’s Ben Mahaney said Buffett’s “Berkshire Hathaway” has snagged “a 24.9% passive stake” in Scripps, that’s not what’s happening.

According to Scripps, Buffett is helping Scripps out with its ION Media purchase.

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Adam Jacobson

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