Radio One Raises $1.4 Million for St Jude

3-27-2015

Radio One and hosts Yolanda Adams, Tom Joyner, Willie Moore, Jr. and Lonnie Hunter banded together to raise $1.4 Million for St. Jude hospital during the annual Radio Cares for St. Jude Kids. President of the Radio Division, Radio One, Chris Wegmann said, "Radio One is a proud partner of St. Jude Children's Research Hospital and we are particularly proud of our highly engaged and loyal listeners for responding to our call and exceeding our financial goal this year."

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Delmarva Spends $3.25 Million in New Jersey

12-18-14

The purchase price was $3.25 million for WJKS-FM/Canton, NJ and WFAI-AM in Salem, NJ. Delmarva Broadcasting is purchasing the stations from QC Communications, which is owned by Steve Chanin. Both stations show up in the Wilmington, DE ratings and the studios are in Wilmington. Larry Patrick of Patrick Communications was the exclusive broker for this deal.

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$623 Million Changed Hands in Top 10 Deals

12-17-14

According to BIA/Kelsey the number one deal of 2014 was the $131 million Emmis purchase of WBLS and WLIB from YMF Media in New York City back in February. The four Wilks stations in Kansas City sold to Steel City Media for $105.5 million was the second largest deal, and, the recently announced Entercom purchase of 15 stations from Lincoln Financial Media was the third largest. The remaining seven deals in the top 10 were all for less than $100 million. Here they are....

#4) Midwest Communications purchases 9 stations from South Central for $72 million
#5) Digity swallows up 48 stations from Three Eagles for $66.5 million
#6) Alpha purchases 19 stations from Main Line Broadcasting for $57 million
#7) Connoisseur Media grabs two Long Island stations from Qantum for an even $50 million
#8) Family Stations purchases one from ABC/Disney for $12.95 million
#9) Davidzon Radio purchases one from Blackstrap broadcasting for $12.5 million
#100 Riviera Broadcasting purchases one from Trumper Communications for $11.27 million

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Hubbard Paying $8 Million For Omni Stations

11-18-14

The 16 Minnesota stations Hubbard Broadcasting is picking up from Omni Broadcasting will cost the company $8 million according to an FCC filing. Lou Buron is exiting the radio business, by selling to Hubbard. The stations are located in Alexandria, Bemidji, Brainerd and Wadena. That deal was announced last week and will be managed by Hubbard's VP and Market Manager in Minneapolis-St. Paul, Dan Seeman.

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College FM In Springfield Sells For $1.3 Million

10-21-14

Greg Guy and Jason James of Patrick Communications fill us in on the details in Missouri. 100,000-watt KWFC-FM (airing a Southern Gospel format) is sold to Radio Training Network, which is run by James Campbell. Radio Training also owns KWND-FM in Springfield, as well as 24 other stations in 14 markets. The seller was Baptist Bible College.

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WTMX Chicago Raises Over $1.4 Million

9-6-14

The final numbers are in and the 15th Annual Eric & Kathy Radiothon on WTMX in Chicago has raised $1,403.229.61 for the Ann & Robert H. Lurie Children?s Hospital of Chicago. From 6:00 AM until 8:00 PM this past Friday Eric & Kathy (the WTMX morning show) were live from the Crown Sky Garden on the 11th floor of Lurie Children?s, airing stories of children battling critical, or even fatal conditions in hopes of helping other children in need. Since 2000 The Eric and Kathy Radiothon has now raised a total of $26 million dollars for Lurie Children?s.

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Hurt Hanson's AccuRadio Raises $2.5 Million in Funding

9-5-14

Online radio property AccuRadio has raised a ?Series A? round of $2.5 million from L.A.-based NantWorks LLC, headed by entrepreneur Dr. Patrick Soon-Shiong.  Hanson said, "We're extremely excited to work with Patrick, who is one of world's brightest and most forward-thinking entrepreneurs. We're delighted to finally be able to bring PR and marketing support to our product. AccuRadio has industry-leading measures of customer satisfaction, including Average Time Spent Listening in Webcast Metrics and its iOS and Android app user ratings, and with the help of this funding, we believe we can really take the brand to the next level." AccuRadio is run by Hanson,  COO John Gehron and EVP/Programming Paul Maloney.

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NRG Adds Four in Iowa for $3.55 Million

8-22-14

Mary Quass' NRG Media has purchased KOKZ-FM; KFMW-FM, KXEL-AM and KWLO-AM in the Waterloo/Cedar Falls, Iowa metro from Woodward Communications. Woodward Communications operated the stations for the past two plus years and prior to Woodward, Bahakel Broadcasting owned KXEL-AM for 54 years from 1958 to 2012 and KOKZ-FM; KFMW-FM and KWLO-AM from 1996 -2012.

Quass said, ?We are delighted to have the opportunity to add the stations in Waterloo/Cedar Falls to our platform. We continue to look for great radio properties that are located in the Midwest and are an integral part of the communities they serve.? Quass added: ?NRG is pleased to be adding these strong stations to our company of great local radio stations.? Jody McCoy of Media Services Group?s Colorado Springs office brokered this deal for Woodward.

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Pandora Q2 Revenue Jumps 38%. Net Loss $11.7 Million

7-24-14

For the second quarter of 2014, Pandora's total revenue was $218.9 million, up 38 percent from Q2 2013. Advertising revenue was $177.3 million, an increase of  39 percent over 2013. Subscription and other revenue was $41.6 million, up 35 percent. Revenue generated from mobile is now $167.5 million up 51 percent from 2013 and now makes up 76 percent of Pandora's total ad revenue. Local advertising grew 144 percent in the quarter to $35.3 million. Pandora's (net) loss for the quarter was $11.7 million. The company also gave guidance for Q3 and expects revenue to come in between $235-$240 million which would be an increase of 39 percent over 2013.

(7/25/2014 11:44:03 AM)

I don't understand the fascination with Pandora. It is a losing business model.

Anyone can duplicate what they are doing. I am a former sicentific computer programmer for the military, and now general manager of a network of radio station. Duplicating and improving upon Pandora's framework would be easy.

This is not a business model that will be successful as it is far too easy to duplicate.

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2 Million Users Outside U.S. For Australia

7-17-14

Pandora Australia and New Zealand, which launched in December 2012, has gone over 2 million registered users. Pandora ANZ Managind Director Jane Huxley said, ?It?s clear that radio is evolving and this evolution is being propelled by consumers and technology. Key to Pandora?s success is that we offer listeners an interactive and social experience that is incredibly personal, and artists and channels to be discovered by a new legion of fans."

Pandora ANZ also attracts two new registered listeners every second; every day Pandora ANZ streams 384,891 hours? worth of music -- which is equivalent to 44 years of music. And, to date, Pandora has streamed over 190 million hours of music to ANZ ears. Pandora also revealed that their two million listeners enjoy music across over 29 million personalised stations.

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The $50 Million Combo

5-15-14

That's what we hear the price tag was for heritage Long Island stations WALK AM and FM. The FM plays "Long Island's Best Variety," and the AM is Adult Standards. Radio Ink is also hearing that the $50 million price tag was around 8X cash flow which would be in line with what many brokers anticipate a market the size of Nassau/Suffolk (#20) would sell for, especially a station as successful as WALK. WALK AM/FM have been in the Aloha Trust since 2008. In Nassau-Suffolk metro Connoisseur currently owns WKJY (K 98.3), WBZO (B-103), WWSK (The Shark) and WHLI in the Nassau-Suffolk metro. The station will not be LMA's and upon final FCC approval would be moved over to the Connoisseur building with the other stations.

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CCM+E Expenses Rise $26 Million

4-24-14

Clear Channel reported the $26 million -- or 6 percent -- operating expense increase was due to investments in national and digital salespeople, increased production costs for events such as the iHeartRadio Country Music Festival, and digital and streaming expenses. The company also reported it had $20.4 billion in long-term debt.

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Sirius Now Has 25.8 Million Subs

4-24-14

By adding 266,799 net subscribers in the first quarter, SiriusXM is close to 26 million paid subscribers. Twenty-six percent of all automobiles on the road now have a SiriusXM radio receiver. There were 2.4 million new cars and 1 million used cars that took advantage of the free SiriusXM trial. Sirius expects a total of 11 million new car trials in 2014 that they will try to convert to paid subscribers. The company expects to increase subs by 1.25 million and bring in $4 billion in revenue in 2014.

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Network Ads Reach Over 181 Million Every Week

3-18-14

That's according to the March Nielsen RADAR report released yesterday. Nielsen measures 46 radio networks and concludes that more than 181 million Americans age 12 or older, about 68 percent of the population, heard a network radio commercial during an average week. Commercials aired on the 46 measured radio networks also reached 71.2 percent of persons aged 18-49 (95.8 million listeners) and 71.9 percent of persons aged 25-54 (90.0 million listeners), according to Nielsen.

The networks in the Nielsen RADAR report are operated by AdLarge Media, American Urban Radio Networks, Crystal Media Networks, Cumulus Media Networks, Premiere Networks, United Stations Radio Networks andWestwoodOne. The sample size for the RADAR March 2014 Report is 396,031 persons aged 12 and older.  The RADAR March 2014 Report includes data from all 48 Nielsen PPM? markets. The survey
period for RADAR 120 covers Jan. 3, 2013 to Dec. 4, 2013.

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Clear Channel Raises $3 Million To Fight Cancer

3-9-14

At the end of February, during a two-day event, listeners in 31 cities, including Chattanooga, Tenn. (WUSY/Country), Waco, Texas (WACO/Country), Montgomery, Ala. (WHLW/Gospel), and Las Vegas (KWNR/Country), tuned in to pledge their support to St. Jude by making a donation of $20 per month. In all $3 million was raised for St. Judes Research Hospital during the Country Cares radio event.

Bobby Bones Show aired in 14 of markets where the event took place and said, ?Having had the chance to visit St. Jude, I got to see firsthand the incredible work they are doing. Knowing where these funds go, we can?t thank our listeners enough for their support of this great cause.?

Clear Channel's EVP/GM National Programming Platforms Clay Hunnicut said, ?For the past 25 years Clear Channel?s Country stations have rallied together to raise hundreds of millions of dollars for St. Jude through the Country Cares program. Our local programming, promotions, and on-air staff, work together to effectively convey to listeners the impact the hospital has in communities around the globe."

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NY Public Radio Gets $10 Million Grant

3-10-14

That's according to the New York Times which says the grant will come from the Jerome L. Greene Foundation, which it says is the largest single gift ever made to a public radio station. The Greene foundation has given WNYC, WQXR and New Jersey Public Radio gifts before totaling $11 million. The majority of the new money will pay for digital operations, including a new feature called ?Discover? on the WNYC mobile app which goes live today. 

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CBS Detroit Raises $1.5 Million During Radiothon

2-14-13

Many hungry children in southeast Michigan will have full bellies, thanks to the 104.3 WOMC?s Radiothon, held Wednesday for Gleaners Community Food Bank. $1,522,527 was raised during the 14-hour WOMC event. In 2013, the amount raised was around $930,000. PD Tim Roberts said, ?The generosity of our listeners is truly inspiring. Children should never suffer with hunger, and we know that working with Gleaners is a fantastic way to make sure local children get the food they need to thrive.?

Pictured are: Natalie Fotais (Gleaners Community Food Bank); Gerry Brisson (President, Gleaners Community Food Bank); Stacey DuFord  & Bobby Mitchell (WOMC Morning Show); Jim ?JJ? Johnson (WOMC Midday Personality); Dave Fuller (WOMC Evenings); Beau Daniels (WOMC Afternoon Drive) and Tim Roberts (Operations Manager/Program Director WOMC/WYCD).  

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College Radio Station Helps Raise $5 Million

12/28/13
Colgate University, located in Hamilton, New York, is home to college radio station WRCU. It's radius is 25 miles. It's power, thanks to the fact it streams, is enormous. According to an article in Forbes, the college held a fundraising campaign that centered around WRCU and took in $5.1 million in a single day. WRCU GM Brandon Fiegoli told Forbes
, ?It was the most any liberal arts school had raised in a day. The school loves the radio station. The alumni love it now, too. It was a good way to get our name out there.?
Over 5,600 donors gave money. Under 3,000 students attend the school. Colgate?s Vice President of Institutional Advancement Murray Decock told Forbes
, ?WRCU played a significant role in the success of our challenge?especially with its live-stream that was heard world-wide. It was really the foundation upon which we built the momentum through DJ and public-service announcements with progress and updates.? Because the station streams, it was able to reach hundreds of alumni living all over the world.
Read the full Forbes
piece HERE
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Radiothon Raises Over $1 Million

12-23-13
Children?s Medical Center announced its 2013 Christmas is for Children radiothon raised more than $1 million. The annual four-day event is supported by CBS Radio and broadcast on 98.7 KLUV and La GRANDE 107.5-FM from the Seacrest Studio located in the hospital. On-air talent from both radio stations who participated as emcees in the weekend-long radiothon included Jody Dean, Edgar ?Shoboy? Sotelo, Rebekah Black, David Rancken, Jenny Q, John Summers, Carlos, Horacio, and Ana Cruz. One hundred percent of the funds raised through Christmas is for Children remain at Children?s to support patient care and hospital programs and services.

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NPR Gets $17 Million

12-16-13
Four foundations and three individuals are giving NPR $17 Million in grants and donations. The money will be used to extend NPR?s  coverage of issues such as education, global health and development, and race, ethnicity and culture ? and fund NPR and six Member Stations ? KPCC, KQED, MPR, WBUR, WHYY and WNYC.

The grants and donations are coming from the John S. and James L. Knight Foundation, Bill & Melinda Gates Foundation, The Wallace Foundation and Ford Foundation, and individual contributions from Paul Haaga, acting President & CEO of NPR Paul Haaga and Heather Haaga; William Poorvu, former Vice Chair of the NPR Foundation and Trustee emeritus, and Lia Poorvu; and Howard Stevenson, former Chair of the NPR Board and NPR Foundation Trustee, and Fredericka Stevenson. Each will be investing in specific elements of the journalism and innovation strategy.

?This support will allow NPR to build transformative platforms that secure the future of public media journalism, and represents a powerful vote of confidence for that vision,? said Kinsey Wilson, NPR?s Chief Content Officer who leads its news, programming, music and digital teams. ?We?ll be able to dive deep into issues that are at the center of people?s lives, and drive tremendous innovation in how we engage people with those issues.?

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