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Friday, March 12, 2021
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TALKERS Magazine --- Talk Radio Magazine TALKERS Magazine --- Talk Radio Magazine
For Immediate Release:
Dateline: Springfield, MA
Friday, March 12, 2021

 
| March 12, 2021

Saga Communications Reports Q4 2020 Net Revenue Down 10%; Decline of 24.9% for Full Year. In reporting its financial data for the fourth quarter of 2020 and the full year, Saga Communications, Inc says fourth quarter and year-end 2020 revenue and the related net income continue to be impacted by the COVID-19 pandemic. Net revenue was $28.8 million for Q4 2020, a 19.1% increase over net revenue for the third quarter, but a decline of 10% compared to Q4 2019. For the full year of 2020, net revenue was $95.8 million, a decrease of 24.9% from the $123.1 million in net revenue it posted in 2019. Back to the fourth quarter of 2020, station operating expense decreased $1.9 million to $21.1 million compared to the same period last year.  Station operating income was $9.1 million for the quarter compared to $10.5 million for the fourth quarter last year and operating income was $5 million for the quarter compared to $5.4 million for the same period last year.  Saga posted a net loss of $1.9 million for the full year 2020 that included a non-cash impairment charge of $5.2 million. Without the impairment charge the company would have reported net income of $1.7 million for the period. Sagas Communications’ balance sheet reflects $51.4 million in cash on hand as of December 31, 2020 and $56 million as of March 8, 2021. The company’s total bank debt remained at $10 million as of year-end 2020.

WEEI, Boston’s Dale Arnold to Leave Sports Talk Station. Boston sports media personality Dale Arnold – a staple at Entercom’s WEEI-FM since its inception as a sports talk outlet 30 years ago – will leave the station and his role as co-host of the “Dale and Keefe” midday program after today’s show. The Boston Globe has the story here. Although the soon-to-be-65-year-old Arnold on Thursday told listeners, “I’m going to retire from the radio business. I am not going to be coming back after tomorrow’s show,” he’ll continue his role as studio host for Boston Bruins hockey broadcasts on cable TV’s NESN. The Globe’s Chad Finn says it’s expected that Andy Gresh – who exited Cumulus Media’s WPRO-AM/WEAN-FM, Providence in January of this year – will be partnered with Rich Keefe for middays going forward. Arnold told listeners his decision to leave WEEI – and not accept the offer to do part-time work there – was personal. “Some of you know this and some of you don’t. My wife had to retire from her employment in September, she’s had some medical issues. And you start thinking about things. You start thinking about, you know, ‘I’d like to spend some more time with her. I’d like to have one full-time job instead of two. I’d like to have summer months to go back to my home state of Maine and enjoy myself more.’”

Jonathan Hutton Ousted from Tennessee Titans Radio Team. Former WGFX-FM, Nashville “104.5 The Zone” radio personality Jonathan Hutton will not be part of the radio broadcast team for the NFL’s Tennessee Titans for the 2021 season. Hutton recently left “The Zone” to become part of Clay TravisOutkick digital platform on which he’ll co-host the “Outkick 360” program with fellow former “Zone” hosts Chad Withrow and Paul Kuharsky. On his website, Kuharsky quotes Cumulus Nashville VP and market manager Allison Warren, who says, “Jonathan Hutton has certainly been a big part of 104.5 The Zone’s Titans Radio broadcast over the years. However, regrettably Jonathan declined our offer to continue with 104.5 The Zone deciding to pursue other opportunities which has impacted his role on the Titans Radio broadcast.”

Edison Research ‘Infinite Dial 2021.’ It’s “the longest-running survey of digital media consumer behavior in America – tracking mobile behaviors, internet audio, podcasting, social media, smart speakers, and more.” Noting that, “‘more’ now includes radio,” consultant Holland Cooke summarizes the latest findings, and includes a download link to the report. Read it here.

Stimulus Package and the Economy Tie for Top News/Talk Story This Week. The Biden administration’s $1.9 trillion COVID relief bill and the state of the U.S. economy combined as the most-talked-about story on news/talk radio for the week of March 8-12, landing atop the Talkers TenTM. At #2 this week was the crisis at the U.S.-Mexico border and Joe Biden’s immigration policy. Coming in at #3 was the number of COVID-19 cases in the U.S., concerns about variants and the rollout of vaccines. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

Producer Wanted for Syndicated Morning Show. A nationally syndicated morning show is searching for an experienced producer to help generate content and show prep. The successful candidate will have 3-5 years’ experience producing a lifestyle-based show. The individual we’re looking for will have the ability to check their ego at the door and dig deep to provide show prep and occasionally deliver on-air content. Although we’re a national show with a significant nationwide and worldwide footprint, we’re a small operation and very much a family. The successful candidate will understand the high-pressure nature of the business but also understand how to operate with minimal direction with strong personalities. This is a full-time, remote position; relocation is not required. Salary is commensurate with experience. Finalists will be required to sign a non-disclosure agreement. Learn more about this position here and send materials to: Dtc_exec@yahoo.com.

Morning Drive News Anchor-Host at Top 25 Market East Coast Station. Looking for a news air talent who can write and read news for a local, current events issue-driven morning show. Prefer an air talent who is comfortable expressing an opinion on the hot topics of the day. Interested? Submit a demo mp3 and resume ASAP. Apply confidentially to talkradiogig@gmail.com. The radio station is an EOE and females are encouraged to apply.

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Category: Front Page News, Industry News

News Media Interview Contact
Name: Michael Harrison
Group: TALKERS Magazine
Dateline: Springfield, MA United States
Direct Phone: 413-565-5413
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