Ad Dollars Continue Move To Digital

3-19-2015

Ad budgets are being pruned and the remaining dollars are moving to digital, according to a research from Kantar Media, reports the New York Times. The report notes that the 10 biggest advertisers cut their spending by over 4 percent last year. A large part of the revenue that is being spent on ad buys, is being routed towards mobile and video. The report notes that radio ad spending declined 3.9 percent.

(3/19/2015 1:52:23 PM)
Although local retailers who are shifting dollars to digital are going to be sorely disappointed, one can understand why they are pulling out of radio.

Ever listened to the spots they are getting....? It's still about The Messaging.

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Can Radio Continue To Dominate The Dashboard?

5-27-14
You've been hearing it for a while now: The automobile dashboard will become ever more connected, and radio will need to adapt. Well, that future is NOW. Cars are rolling off assembly lines right now with Internet connectivity and streaming audio already on the dash, and AM/FM radio is just one of the options consumers have to get their entertainment and information on the road.

The dashboard and connected car are changing consumer behaviors today. Learn what Apple, Google, and others have planned for the car, the ways technology impacts how users use their radio, and how your station must adapt in order to maintain your dominance -- and your revenue edge. At Convergence, coming up June 4-5 in California's Silicon Valley, hear from a panel of experts in radio, technology, and online audio on how the connected car will impact ad dollars and how we sell.

Your Moderator:
Fred Jacobs founded Jacobs Media 30 years ago, when he had the notion that Classic Rock could become a format spinoff from Album Rock.  Since then, Classic Rock has become the most successful ?new? radio format in the last three decades, and was listed as one of the top 35 most pivotal events in radio history by Radio & Records. Today, Fred is on the forefront of connecting radio with the mobile revolution with JacAPPS, his mobile app company. Over the past five years, JacAPPS has developed 850 apps. generating more than 20 million downloads, and entered into a partnership with the Ford Motor Co. to adapt apps for compatibility in the SYNC AppLink system.This past October, Jacobs Media partnered with Radio Ink and Valerie Shuman to produce DASH, the first-ever radio and automotive ?connected car? conference.

Doug Sterne is VP of audio sales at Pandora Media. He joined Pandora in 2008 to launch the audio ad product and sales team. Since then, he has directed the company's efforts to get measured and integrated into the ad industry's most popular media buying software platforms. Today he is integrally involved in Pandora's local sales efforts, leading the company's team of people who cultivate and respond to inbound advertising inquiries. Prior to Pandora, Doug served in executive management positions for industry-leading media companies like CBS and Clear Channel Radio.

Alan Taylor, CEO of Entertainment Radio Network, is an award-winning radio and TV host, a 30-year broadcast professional, and one of the most popular automobile aficionados in the business. In 1995 he founded Benchmark Entertainment, pioneering the business of creating radio shows as an extension of the magazines they represent; Benchmark orchestrated innovative partnerships with leading publishers to replicate their content on-air. Today Taylor partners with some of the nation's largest publishing houses, including Time Inc., Bonnier, and Rodale. At ERN, he hosts the popular weekend talk shows The Drive With Alan Taylor and Popular Science Radio. He's been a featured automotive expert in both TV and radio on ABC, CBS, CNN, FOX, NBC and others.

Tobin Trevarthen is founder and CEO of Spatial Shift. He has created, managed, and sold over $1 billion worth of advertising-related programs over the course of his career. He recently formulated Spatial Shift as a high-end business-development and idea-launch company to continue his pioneering work in the connected consumer space, with a focus on the connected car. Before Spatial Shift, Trevarthen developed the monetization efforts for Aha, a revolutionizing connected radio service that is now integrated into 14 of the 30 global automakers across the world. Trevarthen developed and launched the first ever in-vehicle interactive promotion, with Quiznos in December 2013. He also pioneered the ?Signature Station?, enabling two-way interactivity between the automaker and the driver.

Roger Tsai is deputy general manager of media personalization & insights at Gracenote, driving the company's next-generation personalization and targeting initiatives, particularly in contextual and cross-media discovery. In his prior role in product strategy, Tsai expanded Gracenote's market focus to include social music data, TV content recognition, interactive program guides, and targeted advertising. Before joining Gracenote in 2009, Tsai served as a management consultant with McKinsey & Company where he served Fortune 500 clients in high-tech, retail, and health care.

Convergence 2014
REGISTER HERE
June 4-5
Hyatt Regency Santa Clara
Silicon Valley
www.radioconvergence.com

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The Changes Continue At Dial Global

3-20-13

And they come at the very top of the company. It was on February 11 that Dial Global announced it was changing its three CEO structure. David Landau left the company, Ken Williams was named President, and Spencer Brown (pictured) kept the CEO title. Yesterday, both Brown and Williams resigned and 23-year Time Inc. executive Paul Caine was named CEO. This is a change that might have been in the works even before the February 11 announcement. CEO hires typically take a lengthy search and interview process.

A Dial Global press release states that both Brown and Williams will work with Caine to facilitate a smooth transition and will also remain shareholders of the company. Caine takes over April 5 during a challenging time for the network business. The competition is fierce, advertising has been weak due to a stagnant economy, and an explosion of new ways advertisers can reach consumers and the way consumers listen to audio are ever-changing targets.

Cain says, "Dial Global will propel the growth of audio as the essential medium for the mobile experience. We have premium content, top-tier distribution, and prestigious live event assets. Our opportunity is to expand these experiences for consumers, broaden our repertoire of content partners, and integrate our on-air, digital, and live event offerings to create compelling engagement for advertisers." Among the brands Caine will have to work with are the National Football League's primtetime games, playoffs, and the Super Bowl; CBS Radio News; NBC News Radio; and the upcoming launch of the 24-hour sports network with NBC Sports.

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Ad Dollars Continue to Shift to Digital

3-15-13
eMarketer is reporting on a Duke University survey that says marketers are continuing to move their money toward digital and away from traditional media. "As recently as August 2011, marketers expected traditional ad spending to increase incrementally over the following year. But by February 2012 they began to project that traditional ad budgets would shrink, and in February 2013 the expected size of that decline over the next 12 months reached 2.7%."
The study also says digital investment will continue and that comes at the expense of traditional media. "The increase in digital ad spending was projected to be most dramatic in the business-to-consumer (B2C) product category, which was expected to se a 14.6% bump over the 12 months following February 2013. B2C and business-to-business (B2B) services were forecast to see similar increases in digital ad spending." eMarketer also predicts growth in digital ad spending in the US, with budgets totaling $42.5 billion in 2013 and increasing to $60.4 billion in 2017.

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Consumers Continue to Go Mobile

1-11-13
eMarketer reports mobile devices continue to be a strong and growing component of the digital shopping landscape. Both smartphones and tablets are  contributing to higher levels of ecommerce sales as more consumers adopt to devices and become comfortable shopping on them. eMarketer estimates that in 2012, US retail mobile commerce sales increased 81% to nearly $25 billion. This year, they expect an increase of 55%, and mobile sales will account for 15% of all retail ecommerce.

eMarketer?s says this is a confluence of three trends: first, the expanding number of smartphone shoppers whose behavior affects commerce in all channels; second, the growing number of smartphone buyers who enjoy the immediacy of purchasing through their phone and are expected to generate roughly one-third of mcommerce sales this year; and third, the rapid rise in tablet shopping, which will produce the bulk of mcommerce sales over the next four years.

Read the full eMarketer piece HERE

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Auto Sales Continue to Shine

9-4-2012

Radio's biggest ad category continued to show strength in an otherwise lackluster American economy. Chrysler, GM and Ford each reported double-digit sales gains in August compared to one year ago. Most analysts say consumers can no longer hold on to their aging vehicles and that, in addition to favorable financing, are two of the reasons for the gains.

GM rose 10%, Chrysler?s was up 14% and Ford jumped 13%. Toyota was up 46% and Honda was up 60% but those gains were a little skewed due to low inventory last year due to severe weather.
Read more coverage HERE, HERE and HERE

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Deadline Passes For KXOS Sale, Talks Continue

8-10-12

In a Thursday SEC filing, Emmis Communications reported that the August 8 deadline for Grupo Radio Centro's "qualified designees" to buy KXOS/Los Angeles for $85 million had passed, meaning the price of the station automatically reverts to $110 million, per an earlier put and call agreement.

KXOS is operated by Mexico City-based GRC under an LMA; that MA and the other provisions of the 2009 agreement remain in effect.

However, Emmis and GRC are talking about a possible further amendment to the agreement; according to the filing, the "qualified designees' banks have informed the parties that the financing process has been delayed but continues to move forward."

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"We Continue to Disrupt The Radio Industry"

3-6-2012

Those were the words of CEO Joe Kennedy as he reported quarterly numbers to investors and analysts last night. "Pandora has only just begun to realize the potential of our $37 billion U.S. market opportunity," he added. Active users were reported to be 47 million, growing 62% year-over-year. Pandora reported it generated $240 million in ad revenue this past year (radio advertising in 2011 totaled $17.4 billion according to the RAB). Total listener hours grew 99% to approximately 2.7 billion for the fourth quarter of fiscal 2012, compared to approximately 1.3 billion for the fourth quarter of fiscal 2011.

Here are some of the numbers Pandora reported for the quarter that just ended:
-- Fiscal 2012 revenue of $274.3 million grew 99% year-over-year
-- 4Q12 revenue of $81.3 million grew 71% year-over-year
-- Fiscal 2012 total listener hours of 8.2 billion grew 109% year-over-year
-- 4Q12 total listener hours of 2.7 billion grew 99% year-over-year
-- Record 69.8% share of top 20 U.S. Internet radio services grew from 58.3% at the end of fiscal 2011
-- Record 5.55% share of total U.S. radio listening more than doubled from 2.71% at the end of fiscal 2011
-- Active users reach record 47 million growing 62% year-over-year
-- For the fiscal year 2012, total listener hours grew 109% to approximately 8.2 billion, compared to approximately 3.8 billion for the fiscal year 2011.
-- Total Revenue: For the fourth quarter of fiscal 2012, total revenue was $81.3 million, a 71% year-over-year increase.  Advertising revenue was $72.1 million, a 74% year-over-year increase.  Subscription and other revenue was $9.2 million, a 51% year-over-year increase. 
The company ended the fourth quarter of fiscal 2012 with $90.6 million in cash, cash equivalents and short-term investments, compared with $90.8 million  at the end of the prior quarter.  For the fourth quarter of fiscal 2012, Pandora generated approximately $2.4 million in cash from operating activities, compared to  $1.0 million generated in the year-ago quarter.  For the 2012 fiscal year, Pandora generated approximately $5.9 million in cash from operating activities compared to generating $3.2 million in cash from operating activities in fiscal 2011.

1Q13  Guidance:  Revenue is expected to be in the range of $72 million to $75 million.  Non-GAAP net loss per share is expected to be between ($0.18) and ($0.21).  Non-GAAP net loss per share excludes stock-based compensation expense, assumes minimal tax expense given our net operating loss position, and 164 million weighted average shares outstanding for the first quarter fiscal 2013.
Fiscal 2013 Guidance:  Revenue is expected to be in the range of $410 million to $420 million.  Non-GAAP net loss per share is expected to be between ($0.11) and ($0.16).  Non-GAAP net loss per share excludes stock-based compensation expense, assumes minimal tax expense given our net operating loss position, and 166 million weighted average shares outstanding for fiscal 2013.

(3/7/2012 6:29:34 PM)
Disrupt Struble's HD Radio scam!

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