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Tuesday, November 12, 2019
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TALKERS Magazine --- Talk Radio Magazine TALKERS Magazine --- Talk Radio Magazine
For Immediate Release:
Dateline: Springfield , MA
Tuesday, November 12, 2019

 
| November 12, 2019

Cumulus Media Q3 Net Revenue Dips Slightly; Up on Same Station Basis. The third quarter financial report for Cumulus Media Inc. shows net revenue was $280.8 million, a decrease of 0.5% over the same period in 2018.  Adjusted EBITDA decreased 5.5%.  However, on a Same Station basis, net revenue was up 3.9% (excluding political).  Cumulus president and CEO Mary Berner says, “In the third quarter, the Company turned in another strong performance with same station revenue and Adjusted EBITDA growth of 3.9% and 2.2%, respectively, on an ex-political basis.  Our operating plan has continued to deliver industry-leading digital revenue growth and continuing growth in our national and network channels.  We also made great progress in the quarter on our balance sheet as our free cash flow generation allowed us to fund a voluntary debt prepayment of approximately $29 million, which reduced net leverage to 4.5x.  Additionally, we completed a $525 million term loan refinancing that extended our debt maturity and reduced future interest expense.”  Breaking down the company’s report a little bit shows spot revenue for the third quarter of 2019 was $161 million, down 4.4% compared to the same period in 2018.  Network revenue was $78.4 million – up 3.6% over the same period a year ago.  Looking at digital revenue, Cumulus tallied almost $20 million, an increase of more than 48%.

Key Networks Offers O’Reilly Thanksgiving Weekend Special Interview with President Trump.  A one-hour, Thanksgiving week special is being made available to affiliates of Key Networks’ “The O’Reilly Update”, hosted by Bill O’ Reilly.  The program is an exclusive one-on-one interview with President Donald Trump that Key Networks says will provide listeners with insights from the president on the latest issues impacting the country as 2020 quickly approaches.  It comes on the heels of the release of O’Reilly’s new book, The United States of Trump: How the President Really Sees America (2019, Henry Holt and Co.).  O’Reilly’s 15-minute daily radio program, “The O’Reilly Update,” is currently syndicated to nearly 200 radio stations across the U.S.  This special is the first in a series of specials and exclusive content to be created especially for affiliates of “The O’Reilly Update” throughout the 2020 election season.  The program can air beginning Wednesday, November 27 and throughout Thanksgiving weekend.  Key Networks chief revenue officer Dennis Green says, “Key Networks is honored to provide Bill O’Reilly’s one-on-one interview with President Trump to stations around the country.  The affiliates of ‘The O’Reilly Update’ continue to get the best news and commentary for their listeners and access to O’Reilly’s no-spin analysis.  If your station wants to win in 2020, they need to make O’Reilly a part of their lineup!”

Rose Anderson, VP/Executive Director of the New York Festivals Radio Awards Is This Week’s Guest on Harrison Podcast.  New York Festivals, the prestigious, long-running international awards organization spotlighting quality in the fields of advertising, TV & film, and radio will be opening its acceptance of entries for the 2020 radio competition tomorrow (11/13) along with presenting information about its exciting new presentation in April.  Full details will be posted in TALKERS tomorrow.  In the meantime, the organization’s vice president and executive director, Rose Anderson, is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.”  Anderson, who bring years of experience as a network TV producer to her role at NYF, joins Harrison in a fascinating conversation about the renaissance of storytelling in the radio field as well as other exciting changes the industry is experiencing in the rapidly evolving digital era.  To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column of the TALKERS email newsletter and on every page of Talkers.com.

Impeachment Process/Ukraine Affair, 2020 Presidential Race/Biden on CNN Town Hall, DACA Before SCOTUS, Cold and Snow Hit Northern U.S., and Hong Kong Violence Among Top News/Talk Stories Yesterday (11/12). The impeachment process against President Trump and the investigation into the Ukraine affair; the Democrats vying to challenge President Trump in the 2020 election and Joe Biden’s appearance on CNN’s “Town Hall” on Monday evening; the Supreme Court’s hearing of arguments in the case of the Trump administration’s desire to end the Deferred Action for Childhood Arrivals act; the cold and snow affecting much of the northern U.S. this week and the related issue of climate change; and the ongoing violence in Hong Kong were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

WTOP, Washington Seeks Director of News and Programming. Washington, DC all-news WTOP-FM is seeking a director of news and programming.  Hubbard Radio says this person, “leads WTOP, an effective organization of over 100 people consisting of news directors, writers, anchors, reporters, editors, and staff to provide the best available local, national and international news, traffic, weather, sports and money news across all media platforms, including radio, internet and social media while serving as brand manager to maintain the imaging, marketing and overall sound.”  Essential job functions for this position include: Overall responsibility for WTOP news gathering, production, news programming and presentation across multiple platforms with the utmost in quality control; provides effective leadership to a diverse workforce covered by a collective bargaining agreement that operates 24 hours a day, 7 days a week; establishes short and long term program format objectives, strategies and plans to achieve maximum listenership of a quality product across multiple platforms; ensures that all programming is in compliance with state and federal laws and FCC Rules and Regulations; liason between company management and union.  For more information and to apply, click here.

Cool Talk Radio Sales Opportunity. In New York City, Salem Media Group is seeking an account executive for radio and digital sales.  Here’s the ad: Salem Media Group is looking for a dynamic individual to join the sales team for “AM970 The Answer” and the legendary WMCA “AM570/102.3FM The Mission, New York’s Christian Talk.”  Compensation is commensurate with degree of experience and skills.  This is a fabulous career opportunity for the right individual with one of the finest broadcasting companies in America.  Ideal candidate has a proven track record of success with radio and digital sales.  Interested candidates should apply online and email cover letter and resumes to Jerry Crowley’s attention.

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Category: Front Page News, Industry News

 
 
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