Just Radio Only: Aug. 5: Upbeat Mel; More Trib-ulations; CBS market moves

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Today's Headlines August 5, 2010

Karmazin: Q2 Numbers A Sign Of Things To Come

Sirius XM Radio CEO Mel Karmazin said on the company's second-quarter earnings call Wednesday morning that the company has been through a lot in the two years since the Sirius-XM merger was completed, citing refinancing, the economic downturn, and the Chrysler and GM bankruptcies. Karmazin said, "We began to show what we can do in the second half of 2009. So 2010 will be our first full year where investors will get a real indication of how good our business can be. We offer up our second-quarter performance as a preview of that."

Business

Sirius XM Revenues Zoom Double Digits

Sirius XM brought in a record-high $705.6 million in adjusted revenue in the second quarter of 2009, up 16 percent from $607.8 million in Q2 2009, with adjusted EBITDA up 17 percent, to $154.3 million. The satcaster turned a profit of $15.3 million (nil per share), compared to a net loss of $159.6 million (4 cents) a year ago.

Judge Orders Release Of Tribune Examiner's Report

U.S. Bankruptcy Judge Kevin Carey has ordered the release of the full report from bankruptcy examiner Kevin Klee on Tribune Co.'s Chapter 11, and delayed a creditor vote on Tribune's reorganization plan until October to give creditors time to review the 670-page document. The report alleges that Tribune executives falsely reassured creditors that Morgan Stanley agreed with a solvency opinion from another researcher.

REALTORS®: Your Hottest New Prospects!

ADVERTISEMENT -- REALTORS® spend $1 billion annually to market their services and 30% are ready to buy radio! See the video from the NATIONAL ASSOCIATION OF REALTORS® Annual Conference. Read more.

Industry

CBS Radio/Houston Names Adams VP/Programming

CBS Radio ups mark Adams to VP of programming for the cluster's music stations: Top 40 KKHH, Hot AC KHMX, Country KILT, and Spanish Contemporary KLOL. He keeps duties as KKHH and KHMX PD and adds programming responsibilities for KILT.

Garrison Picked As CBS Radio/Phoenix OM

Jeff Garrison segues to the OM post for CBS Radio/Phoenix -- KMLE-FM, KOOK-FM, and KZON-FM -- and he'll take on PD duties for KMLE and KOOL. Garrison is also VP/programming for CBS Radio's Country stations and comes back to Phoenix after a stint programming CBS Radio's KILT/Houston.

Research

Arbitron Looks At Midseason Baseball

Arbitron's PPM sports report for pro baseball found that the top 15 teams average more than 176,100 listeners in their home markets. The New York Yankees, on flagship WCBS-AM, top the list with an average game cume of 441,000 6+ listeners.

Convergence Technology

CBS Combines NY Websites

CBS has rolled the broadcast websites for its New York AMs and WCBS-TV into a new combined site, CBSNewYork.com. The WINS, WFAN, and WCBS-AM's URLs are redirecting to the aggregated site.

Radio Ink

NYT's Sorkin To Keynote Forecast 2011

Andrew Ross Sorkin joins the lineup at Radio Ink's Forecast 2011, set for December 7, 2010 at the Harvard Club in New York. Sorkin is the chief mergers and acquisitions reporter for the New York Times and the best-selling author of the recent Too Big to Fail, and he's as well connected in the financial world as anyone in radio. The thrice-daily "Business Brief With Andrew Ross Sorkin" is produced and distributed by United Stations Radio Networks. Click the headlne for Forecast information and registration.

Read Radio Ink On The iPad

Radio Ink magazine the first radio industry publication on the iPad and among of the first of all publications. With the iPad's touchscreen, you can flip through the digital edition just as you would a copy of the magazine, with live links, interactive ads, links to video, and with more interactive features on the way.

Updated: Radio Pros Available

The economy is slowly turning around, and broadcasters are beginning to hire again. Put your name in front of the industry with a free listing in Radio Pros Available. And we'll be happy to post your aircheck or demo, or a link to your website. Click the headline to learn more.

Aug. 9: Cover Q&A: Talk Radio Network chief Mark Masters.
Also:Deborah Parenti's Dialogue talks with agency execs on how they evaluate multiplatform offerings.
A chat with Dave Glover of Emmis Talker KFTK (97.1 FM)/St. Louis
Roy Williams explains "how to spot the weiner dog"

**Coming up in Radio Ink:
August 23: New Media Spotlight
September 6: Pre-Radio Show Manager's Guide
September 20: Radio Show edition/Radio Wayne winners

Also:
October 18: Radio's Top PDs
November 1: Focus on radio's top advertisers
November 15:** The Best Managers in Radio

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To reserve your space in these issues, contact your Radio Ink representative or Deborah Parenti at deborah@radioink.com today.