CBS Radio Revenue Drops 7%

5-7-15

Overall CBS revenue declined in the first quarter from $3.57 billion in 2014 to $3.5 billion ths year. The company said the quarter was affected by the broadcast of one fewer NFL playoff game on CBS TV and lower ad revenues at the company's local broadcasting segment. Local broadcasting revenue of $596 million for the quarter decreased 5 percent from $626 million in 2014. The biggest declines came from the entertainment and retail industries. CBS TV station revenue was down 3 percent, and radio revenue decreased 7 percent.

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Radio One Radio Revenue Drops 9.4%

5-1-15

With overall net revenue of $105.8 million, Radio One was the second major radio company in two days that report a big drop in the first quarter. The 9.4% decline in Radio One's radio division was blamed on the company's four largest markets, Atlanta, Baltimore, Houston and Washington D.C. Station operating income for the quarter was $36.6 million, up 4.0% Net loss was approximately $18.5 million or $0.39 per share compared to net loss of $25.2 million or $0.53 per share, for the same period in 2014.

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Beasley Q2 Revenue Drops Nearly 4%

7-24-14

Another disappointing revenue quarter from a publicly traded radio company. Beasley Broadcasting, which owns 44 stations in 11 large-and mid-size markets generated $1.0 million less in the second quarter of 2014 than it did in 2013. The company blamed the decrease on lower advertising revenue in its Philadelphia, Wilmington and Greenville-New Bern-Jacksonville markets. Beasley did reduce operating expenses by 2.3% ($400,000). Operating income for the quarter was down 12.1% while net income increase 28.1% to $3 million. 

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KDKT Drops Fox For CBS Sports Radio

7-22-14

DSN Radio's sports/talk outlet KDKT-AM in Bismarck, ND has rebranded as "KDKT SportsRadio 1410." Most of the Fox Sports Radio has been replaced by CBS Sports Radio, other than Premiere Networks' Dan Patrick Show in Mornings. The change brings Jim Rome back to the market, who previously ran on KDKT before switching over to CBS Sports Radio last year.

Station Manager Derek Stacklie said, "We're pumped to bring The Jim Rome Show back to North Dakota. Jim is the best in the business, and I know our listeners will welcome him back with open arms and ears!"

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Clear Channel Drops Progressive Talk In Denver

5-15-14

AM 760 in Denver will be a Progressive Talk format with mostly national shows until Friday. The non-political "Real Talk 760 ? Real Life, Real Solutions,? will debut on KKZN-AM in Denver on Monday. Real Talk 760 will feature programming focused on financial news in the morning and talk shows that offer practical advice for life. Market President Pat Connor said, ?We?re excited to bring a new genre of Talk programming to Colorado. We?re confident Real Talk 760 will be a trusted source of information and entertainment for our listeners.?

Money in the Morning will wake up listeners with programming from The Wall Street Journal and Bloomberg Radio, focusing on the latest money and business news. Real Talk 760 will also feature non-political Talk programming, including Troubleshooter Tom Martino that will simulcast from sister-station KHOW-AM, as well as Dave Ramsey, Clark Howard, and Dr. Joy Browne.

Real Talk 760 Weekday Programming Lineup:
Money in the Morning 3 a.m.-10:00 a.m.
Troubleshooter Tom Martino 10 a.m. - noon
The Dave Ramsey Show noon - 3:00 p.m. (beginning June 2)
The Clark Howard Show 3:00 p.m. - 6:00 p.m.
Dr. Joy Browne 6:00 p.m. - 8:00 p.m. & midnight - 3 a.m.
Jim Bohannon 8:00 p.m. - 11:00 p.m.
TMZ Live 11:00 p.m. - midnight

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Stock Drops After Pandora Reports

4-24-14

Despite increasing revenue 54 percent in the first quarter of 2014, Pandora was trading down as much as 9 percent in after-hour trading Thursday night. The company reported $180.1 million in Q1 revenue, 74 percent ($134.1 million) of which is now coming from mobile revenue. The company reported a loss of approximately $29 million, or about 13 cents per share. Pandora expects revenue in the range of $213 million to $218 million in Q2 and $880 million to $900 million for the full year. The company also expects EPS in the range of flat to 3 cents for the second quarter, and 14 cents to 18 cents for the full year.

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Chicago Revenue Drops 2.5% For Year

1-16-14

Robert Feder has the details from Miller, Kaplan, Arase & Co. on his blog. The number three market generated $419.7 million compared to $430.9 million in 2012. Digital advertising was up 10% to $28.2 million. CBS' all-news WBBM-AM/WCFS-FM was the top biller with $41.9 million, down from $45.7 million. Hubbard's WTMX-FM jumped 10% to $37.4 million. WGN, WBBM-FM and WSCR round out the top five in Chicago, according to Miller Kaplan numbers quoted in the Feder blog.

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Home Depot Drops One Spot

12-23-13

The Home Depot had been radio's best advertiser for many weeks until last week when it was edged out by GEICO by 944 commercials according to media Monitors. GEICO ran 31,932 commercials on radio last week, compared to Home Depot's 30,988. Coming in at number three was Macy's (up from #7) with 29,053,. Fourth was Mcdonald's with 28,050 and rounding out the top five was AT&T Wireless with 27, 252.

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Greater Media Drops Kostan In Detroit

9-26-13

Steve Kostan's contract with rocker WCSX-FM is not being renewed. He's been with the station for 18 years. Kostan told The Detroit News, "This isn?t completely out of the blue. The vibe this year has been for everyone that the glory days of radio have changed a little bit. I?ve had three different program directors in the last few months. It?s hard to get to know someone in that time.? Greater Media has not yet named a replacement.

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Pandora Share Of Radio Listening Drops Again

5-7-13

Pandora reported it had dropped to 7.33 percent of total U.S. radio listening in the month of April -- the second consecutive month those numbers have declined (although there is no way to verify the numbers Pandora provides). In March, Pandora reported an 8.05 percent share and in February an 8.48 percent share. Why the drop two months in a row?

A Pandora spokesperson said, "This could be attributed to the 40-hour mobile listening limit, which was intended to reduce hours streamed without impacting the size or growth of Pandora's audience. April?s listener metrics show that the limit is working as intended: we saw an increase in total active listeners and a reduction of total hours streamed. These results are in line with our expectations. Moreover, Triton data shows there has been no material impact to Pandora?s rankings in major radio markets nationwide."

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Clear Channel's Castronovo Drops 100 Pounds

Paul Castronovo has been hanging out behind a radio microphone for over 30 years. That's three decades in a job that's mostly sedentary. Castronovo and partner Ron Brewer are now doing mornings in South Florida for Clear Channel. The duo has been together since 1991. We spoke to Castronovo about his spectacular weight loss success and what prompted him to make changes to his lifestyle.

How much weight did you lose and how long did it take you?
Typical radio guy with bad habits here. Up at 4 a.m., run out the door, eat crap from clients, or starve until the show's over. Eat a bad, heavy lunch, take a nap, eat dinner, pass out. Do it again the next day. Finally, around two years ago, the Miami Dolphins challenged me to do a 30-mile bike ride for cancer, and since my wife is a breast cancer survivor, I couldn't say no. I started out slowly, 10 miles a few days a week, until I worked myself up to do the big ride. Now, I'm down 100 pounds, and would consider myself an avid cyclist.

How do you feel after losing all that weight, compared to having it all on you?
I tell you what feels good, all the hot babes that are throwing themselves at me, it's getting ridiculous, it's a curse really. No, the truth is, I am a different guy now and tend to be a lot more active.

What's your plan to keep it off?
I've got a personal trainer that I train with three days a week at the gym. (I'm paying him, so you know I'm not gonna blow it off!). The other days, I'll ride the bike. Listen, I love to eat and drink, hell, I own a vineyard in Italy (www.castronovovineyards.com) so, I eat healthy Monday to Friday and I go out to dinner on the weekends. It's a pretty simple plan, but it works for me.

Radio isn't exactly a strenuous line of work?
Hey, I have to walk all the way to the bathroom! I've all but banned the free food that the restaurants and clients want to throw at us every damn morning. It's so easy to slide into that. I eat every three hours, but I am eating healthy stuff. There's a company down here that delivers healthy, quality, fresh foods to my house.

Have you become a fitness preacher now?
Oh yeah, I'm annoying the hell out of my radio partner, Ron, but I don't throw it in my listeners' faces. There's nothing worse than being "that guy."

What advice can you give other radio people about how to try to stay fit and healthy at a job that's mostly sedentary?
Seriously, get the food right and make exercise a priority. It's just what I do Monday to Friday. They say 90 percent of it is diet, and I believe that. Pay for a trainer and have them help you get your metabolism going.

Congratulate Castronovo on his weight loss success HERE 

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SBS Q2 Revenue Drops 3%.

8-14-2012

The SBS radio segment decreased $900K (3%). The company reported that the drop was due to a decrease in national and network sales throughout most markets. The SBS radio revenue for Q2 was $30.3 Million compared to $31.2 Million for the same quarter in 2011. SBS did see an in increase local sales in New York and Los Angeles. SBS CEO Raul Alarcon (pictured) said ?The advertising environment was mixed."

Alarcon added, "We were able to offset some of the weakness at the national level through increased local and interactive sales. Looking ahead, our station brands remain strong, and we are continuing to expand our interactive footprint and build on our revitalized sales force. We also remain well positioned to attract our share of political dollars in the second half of the year given our leading audience shares in the nation?s top-ten Hispanic markets.?

SBS owns and/or operates 21 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Mexican Regional, Spanish Adult Contemporary and Hurban format genres.

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Florida Drops Charges Against SBS Executive

8-14-2012

SBS EVP of Programming Jesus Salas was cleared of all charges on August 3, 2012, by the Miami-Dade Circuit and County Court. On July 4, Salas was charged with assault, aggravation, and possession of a firearm in an alleged case of domestic violence. He said he was innocent all along and in a recent hearing the state attorney declined to prosecute and dismissed the charges due to insufficient evidence.

Salas said, "I am happy that this is finally over. This is an unfortunate situation my family and I have endured, and we're ready to put this behind us and move forward. I have never had any problems with the law, not even a parking ticket," said Salas. SBS CEO Raul Alarcon said, "Congratulations to Jesus on a wonderful outcome! I always knew he would be totally vindicated."

Salas is the EVP of Programming for Spanish Broadcasting System. He began his career as an air personality and got his first programming job at age 19. In 1997 he was named PD for WSKQ-FM and WPAT-FM/New York. In 2004, he joined Univision Radio as a program director, and then two years later accepted a post as senior PD with XM Satellite Radio. In his current post with SBS, Salas oversees stations in New York, Los Angeles, Miami, Chicago, San Francisco, and Puerto Rico. He received the prestigious Medallas de Cortez medal from Radio Ink Hispanic Radio for Programmer of the Year/Market 1-25. Salas resides in Miami, FL.

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Beasley Revenue Drops 2.8% in Q2

7-27-2012

Beasley was unable to keep the good earnings news going today, after a huge quarter from Journal yesterday. Beasley Broadcasting Executive Vice President and CFO Caroline Beasley said a weak April (-7%) and the company's Fayetteville stations underperformning caused the drop. Beasley has a cluster of six in Fayetteville. May was up 2% and June was up 1% for the company. Beasley says July is pacing close to May levels. Beasley also reported weaker than anticipated political revenue ($70,000) mainly in Augusta and Las Vegas. Next up on the earnings board is Clear Channel next Wednesday after the bell.

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Cumulus Revenue Drops 3.5%

5-7-2012

Cumulus, the second largest radio company, reported a 3.5% drop in same station revenue compared to the same quarter a year ago. Cumulus CEO Lew Dickey attributed the decline to several factors including lost revenue from the Rush Limbaugh controversy, L.A. Dodgers comps from a year ago (Cumulus dropped Dodger broadcasts from KABC) and a drop-off in advertising in March. The Cumulus decline follows a relatively flat report from Clear Channel. Radio One has reported the best quarter so far, up 6.4%. Ed Christian's Saga checks in on Tuesday.

Dickey told investors and analysts last night that local is leading the way with national still lagging behind. Dickey said his Katz reps have told him that things should start to pick up for the rest of the year. Dickey also said that automotive was up 2.5% at Cumulus and made up a total of 12% of the company revenue for the quarter. In addition, the wireless category was up 6.5% for the quarter. And, Cumulus expects to generate about $30 million in political revenue by the time the election rolls around. So far that category has not produced earth shattering numbers for the company.

(5/7/2012 8:04:53 PM)
No Prob. Here's how to handle that (and make sure my full name is on the check): Fire the local celebrities that have been drawing audience and advertisers for years and replace them with somebody who is less attracting but more...oh, I dunno...cheaper!
Yeah. That's the ticket.

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CBS Radio Revenue Drops 2%

5-1-2012

It's always a little difficult to get radio specific details out of CBS when they report earnings. The company is mammoth and they don't really break things down as a radio only company might. CBS reported that local Broadcasting revenues were $622 million in Q1 which was flat compared with the same prior-year period. The company reported that increased spending by automotive manufacturers and retailers as well as higher retransmission revenues were offset by lower advertising spending from the utilities and service industries. For Q1 CBS Television revenue increased 2% from the same quarter last year, while CBS Radio revenues decreased 2%.

Overall, revenue at CBS was $3.92 billion for the first quarter of 2012 an increase of 12% from $3.51 billion for the same prior-year period. This increase was led by content licensing and distribution revenues, which were up 39%, driven by licensing agreements for digital streaming as well as international and domestic syndication sales. Advertising revenues increased 5%, reflecting growth in network primetime and sports advertising, including the timing of the semifinals of the NCAA Division I Men?s Basketball Championship (?NCAA Tournament?), which aired during the first quarter of 2012 versus the second quarter of 2011. Affiliate and subscription fee revenues rose 7%, led by growth at Cable Networks and higher retransmission revenues.

CBS Executive Chairman Summer Redstone said, ?As great as these last few years have been, this quarter tops it all. What?s most exciting is that we are poised to benefit from all of the strategic actions we?ve taken ? and continue to take ? for a long, long time. We have the best content and the right management to ensure success, and as a result, I have never been more confident about our Company?s future than I am today.?

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Local TV Revenue Drops By Nearly 8%

5-1-2012

BIA/Kelsey says local television over-the-air revenues in 2011 dipped 7.8% from the previous year, due primarily to the economy and the odd-year election cycle. BIA says in 2011 stations took in $17.9 billion in revenues, compared with $19.4 billion in 2010. In 2011 local television stations earned $535 million from online sources, an 18.7% jump compared with $450 million in 2010.

In 2012 combined over-the-air and online  revenues are forecast to rise to $20.3 billion, based on the presidential and other elections, overall improved consumer spending, and growth in online ad  spending. In terms of transactions, BIA/Kelsey reports the industry saw an uptick in transactions in 2011 over 2010, with 50 station sales totaling $1.1 billion.

"Local advertising industry revenues typically rise and fall depending on the political year," said Mark Fratrik, Ph.D., vice president and chief economist, BIA/Kelsey. "Advertising income for local television is trending upward and showing signs of rebound, with a good first quarter for many public television companies. Still, the 2012 over-the-air television advertising market is not what it was 11 years ago."

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Radio at Entravision Drops 6% in Q4

3-8-2012

(Correction - This morning, our headlines mistakenly listed Entravision as Univision)
The radio division at Entravision saw revenue drop to 15.8 Million in the 4th quarter of 2011 from 16.9 Million in the 4th quarter of 2010. For the year radio revenue at Entravision came in $5 Million under what it produced in 2010. The company said that was "primarily attributable to the non-occurrence of advertising revenue from the World Cup in 2011 compared to 2010 and a decrease in political advertising revenue, which is not material in 2011." Entravision owns or operates 48 primarily Spanish-language radio stations.

Chairman and CEO Walter Ulloa said, ?During 2011, we faced challenging comparisons to 2010, when we benefited from World Cup and political advertising revenue. We also continued to face a challenging advertising environment generally, as our advertising customers continue to make difficult choices in the current uncertain economic environment. Nonetheless, core advertising showed modest improvement during 2011. Our audience shares remain strong in the nation?s most densely populated Hispanic markets, and we believe we are well positioned to benefit as the U.S. Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience.?

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Usher Drops New R&B Jam, 'Climax': Listen

by Jason Lipshutz, N.Y.  |   February 14, 2012 7:00 EST

Here's a fun way to celebrate Valentine's Day: Usher has released "Climax," a new soul track that its producer, Diplo, has called "Seriously the best record I've been part of" on Twitter. He might not be exaggerating.

 

Written by Diplo, Redd Stylez and Ariel Rechtshaid, "Climax" finds Mr. Raymond cruising in Falsetto Mode and reminding the world that he is capable of making pristinely arranged slow jams like "Nice and Slow" and "Burn." "Where are you now, when I need you around?" Usher demands over Diplo's warm bed of synthesizers before shifting back into the unflappable chorus.

"I'm pretty sure in 9 months there are gonna be a lot of new babies that this song is responsible for," Diplo posted on Twitter on Tuesday (Feb. 14). Usher's Twitter message was simple enough: "Happy Valentine's Day to all!!"

The last time Usher was part of a new single was "Without You," a Hot 100 hit off David Guetta's "Nothing But the Beat." Diplo, meanwhile, was nominated for Best Rap Song at the 2012 Grammys for Chris Brown's "Look At Me Now."

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Beasley Q4 Revenue Drops Nearly 7%

2-3-2012

Beasley Broadcasting reported Q4 2011 numbers this morning and net revenue to a hit of nearly 7%. Beasley CEO George Beasley said, ?Our fourth quarter revenue decline reflects a combination of weak overall national spending in our markets and several unique national advertising issues that we have addressed or which were essentially one time in nature. In addition, approximately one third of the overall revenue decline relates to a reduction in political spending in a non-election year."

Mr. Beasley went on to say, "Even during periods of lower revenue, our bottom line continues to benefit from our streamlined cost and operating structure. In light of the challenges faced during the quarter, we lowered station operating expenses by 5% while total operating expenses for the quarter were also reduced by 5% on a year-over-year basis. These factors, combined with a significant reduction in interest expense, led to a 1.7% increase in 2011 fourth quarter net income."

?Radio advertising remained relatively stable despite widespread economic concerns and volatility in the capital markets throughout the year. Importantly, during the fourth quarter and throughout 2011, we continued to make progress across the organization in enhancing operating efficiencies and maintaining a disciplined approach to spending. Overall, the industry recorded seven consecutive quarters of growth through the third quarter of 2011 which underscores our belief that radio remains both resilient and highly relevant in a digital world. During the quarter, the Company celebrated its 50th consecutive year in radio broadcasting and our success over this period has been defined by our ability to bring consumers and advertisers a platform that efficiently addresses their respective needs."

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