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Radio+Television Business Report

Veritone Extends Its Audacy Agreement

Radio+Television Business Report
4 years 2 months ago

Veritone has extended its agreement with the audio media content creation and distribution company formerly known as Entercom.

The continuation of the agreement arms Audacy’s 235+ stations nationwide with the ability “to seamlessly ingest, index, organize and analyze its media” through the use of Veritone Discovery, an AI-powered content search and analysis application.

Using Veritone Discovery, Audacy can provide in-depth visibility and analysis into content performance to deliver greater results to clients and partners, Veritone says.

“As Audacy continues into its next phase of growth as an organization, recent upgrades to Veritone Discovery will match Audacy’s momentum by providing Earned Media monitoring features, expanded audience data analytics and updated reporting customization features with AI engines that will continue to learn and scale,” Veritone adds.

RBR-TVBR

Can A Sales Leader Be A No-Experience Rookie?

Radio+Television Business Report
4 years 2 months ago

Can a non-sales person lead a sales team? Of course, says sales training expert Barrett Riddleberger. Many companies have leaders over sales teams that have never made a sales call in their life. In fact, many small business owners are the sales managers of their sales teams and have never been a sales rep, either.

In this column, Riddleberger shares three reasons why, in his view, experience matters.Please Login to view this premium content. (Not a member? Join Today!)

Adam Jacobson

TV’s Top Owners Buck Downward Stock Moves

Radio+Television Business Report
4 years 2 months ago

Media companies were largely on the decline in Monday’s trading, as Audacy was down 32 cents and Cumulus Media shed 30 cents.

For two of broadcast TV’s biggest players, Wall Street green was seen.

Sinclair Broadcast Group, which has a MOU with Bally’s Corp. for non-play by play content collaboration in place, saw its shares rise 12 cents to $29.96.

Meanwhile, Nexstar Media Group had another positive session on Wall Street. Its shares ended the day at $151.50.

 

RBR-TVBR

A Six-Year Commitment Given To ‘The Woody Show’

Radio+Television Business Report
4 years 2 months ago

LOS ANGELES — With Jeff Fife as its morning anchor and modern rock music across the rest of the daily schedule, a station once known as “Star 98.7” and for the presence of Ryan Seacrest as its afternoon co-host found new life as “ALT 98.7.”

Today, this incarnation of KYSR is Southern California’s leading Alternative station, winning a head-to-head battle with Audacy’s KROQ. Fife, known to listeners as “Woody,” is part of ALT’s winning recipe.

The executives at iHeartMedia are acknowledging this by keeping him under contract for six more years.

Fife and iHeart agreed to a long-term contract extension, one that keeps The Woody Show “solidly headquartered” at ALT 98.7 and in national syndication through iHeart-owned Premiere Networks until 2028.

As “Woody,” Fife and his wake-up troupe arrived at KYSR in April 2014.

Today, iHeart reports, it is ranked No. 1 among persons 18-49 and 25-54.

Before arriving in Los Angeles, The Woody Show could be heard at KPNT-FM in St. Louis, WKQX “Q101” in Chicago and KITS-FM “Live 105” in San Francisco. The program also has roots in Portland, Ore., where it today airs on an FM translator branded as “ALT 102.3.”

Even iHeartMedia Chairman/CEO acknowledges the strength that The Woody Show has brought to its Alternative station, and Premiere’s affiliates. “Woody is one-of-a-kind — and it shows in his ratings success, in L.A., across the country on the iHeartRadio digital service, locally in key markets and on our other iHeart platforms,” Pittman said. “His unique talent, combined with his unbelievable work ethic, are key to his success and we are delighted to continue this journey with him.”

Also commenting: former KROQ Music Director and current iHeartMedia VP of Rock and Alternative Lisa Worden, who serves as KYSR’s day-to-day Program Director.

“Woody is a true morning show savage,” Worden said.  “There is no one better to anchor mornings on our flagship ALT 98.7, and his commitment to excellence is bar none.”

Fife said he’s thrilled “to stay ‘work married’ to iHeartMedia. This has been, and will continue to be, one of my longest and healthiest relationships. I wouldn’t be able to do what I’ve done to this point without the incredible support of people like Bob Pittman, Kevin LeGrett, Tom Poleman, Greg Ashlock and Lisa Worden. There isn’t another company better positioned, with a clearer vision for the future than iHeartMedia, and I’m beyond grateful to be a part of that.”

— RBR+TVBR West Coast Bureau. Editing by Adam Jacobson, in Boca Raton, Fla.

RBR-TVBR

Breakeven: The Script is Written for Audacy

Radio+Television Business Report
4 years 2 months ago

The company formerly known as Entercom “is possibly approaching a major achievement in its business.”

That’s the positive declaration on Audacy from influential financial watchdog Simply Wall St., which put a spotlight on the podcast purveyor and linear and digital audio entity.

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Adam Jacobson

A Premiere Event For The NAB Gets Underway

Radio+Television Business Report
4 years 2 months ago

In year’s past, April was the month where the media industry gathered in Las Vegas for the NAB Show. Due to the COVID-19 pandemic, that last happened in 2019.

While a NAB Show is planned for October 2021, a digitally delivered “NAB Show Premiere” kicked off Monday as a forum for innovation and discussion hub for radio and TV station owners in continuous transition as local digital nibbles away at ad dollars and localism’s balance with budget realities continues to create challenges for some broadcast companies.

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Adam Jacobson

A Fresh Surge For A Furniture Retailer At Spot TV

Radio+Television Business Report
4 years 2 months ago

Spring is here, and with the housing market on fire in locales as diverse as Ulster County, N.Y. and Palm Beach County, Fla., the need for new furniture is growing.

One retailer is using spot television to court these potential customers.

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Adam Jacobson

A Black Diamond Key Swipe To a Mitten State FM

Radio+Television Business Report
4 years 2 months ago

It boasts 6,000 watts of power, and provides “Today’s Best Music” to communities due west of Midland, Mich.

Now, it is trading hands, and Norm McKee and Michael Chires are the two individuals tied to the buyer.

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Adam Jacobson

A Big Radio Bump For A Home Improvement Giant

Radio+Television Business Report
4 years 2 months ago

PSAs and podcast promotion, along with iHeartRadio content plugs, permeate the latest Spot Ten Radio report from iHeart-owned Media Monitors.

What brands stick about in-between all of those efforts? Indeed, there’s a big return for the nation’s largest do-it-yourself home improvement chain.

That’s The Home Depot, which storms back into the Spot Ten this week thanks to nearly 41,000 spot plays, as detected by Media Monitors.

Otherwise, job search site Indeed is in power mode, with nearly 56,500 spot plays seen as the employment market is heating up, based on RBR+TVBR monitors.

Also of note: Progressive trumps GEICO in the auto insurance category once again.

 

Adam Jacobson

Bally Takes A Bigger Role With Sinclair RSN Content

Radio+Television Business Report
4 years 2 months ago

First, it was a branding agreement via a long-term licensing deal.

Now, Bally’s Corporation has signaled its ready affirm an additional accord with Sinclair Broadcast Group that makes it a key content collaboration partner for the regional sports networks formerly owned by FOX.

And, you’ll never guess who offered comments in his role as Bally’s Corp. Board Chairman. That would be the man who seeks greater control of TEGNA.

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Adam Jacobson

Meet the NAB’s New Gov’t Relations VP

Radio+Television Business Report
4 years 2 months ago

MIAMI — A pocketful of legal knowledge crafted in the Sunshine State has just landed at the NAB.

With a J.D. from Florida International University’s College of Law in Miami and degrees from Orlando’s University of Central Florida, this woman has just joined the office of Government Relations at the U.S. media industry’s biggest lobbying association.

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Adam Jacobson

The Rising Confidence Of Hispanic Consumers

Radio+Television Business Report
4 years 2 months ago

Hispanic consumers are gaining more confidence in the nation’s economic outlook and their own finances as COVID-19 vaccines become widely available and government support helps hard-hit households recover from the devastating pandemic.

That’s according to new research from Florida Atlantic University.

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RBR-TVBR

David Lampel Signs Off On LPTV CP Sale

Radio+Television Business Report
4 years 2 months ago

The permitee and owner of five low-power television station construction permits has opted to sell them instead of moving forward with getting the properties up and running itself.

The result? David Lampel is getting a check from an individual largely known for his role as the head of Edge Spectrum.

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Adam Jacobson

Here Are 108 Reasons To Listen … and Lead!

Radio+Television Business Report
4 years 2 months ago

The InFOCUS Podcast, presented by dot.FM, is growing its audience every week, with fresh episodes each Tuesday and Thursday.

In fact, there are 108 podcasts available for you to enjoy. And, it’s never been easier to tune in, thanks to our new embedded player at RBR.com!

From our latest episode, featuring Andy Whatley of Instreamatic to our acclaimed chat with Rich Stern, at TuneIn, there’s definitely something to enjoy — and learn from.

CLICK HERE TO VIEW OUR ENTIRE MENU OF EPISODES, AND ENJOY!

Adam Jacobson

More Mixed Activity From Media Stocks

Radio+Television Business Report
4 years 2 months ago

The first full week of April 2021 ended with up-and-down activity across the broadcast media landscape, as Audacy enjoyed its first day with a new ticker symbol by gaining ground.

For companies such as ViacomCBS however, the pain for short-term investors continues.

Audacity’s opening day saw the former ETM rise 13 cents to $5.16.

Other gainers include Saga Communications, up 10 cents to $21, and Gray Television, rising 23 cents to $19.63.

ViacomCBS’s woes continued Friday, as Peter Dunn and David Friend are officially out at CBS Television Stations. The closing price: $41.88, off 41 cents.

Other decliners include Salem Media Group, shedding 26 cents to $2.50.

 

Adam Jacobson

Pleading Cycle Affirmed in iHeart Foreign Ownership Ruling

Radio+Television Business Report
4 years 2 months ago

The FCC on Friday established a formal pleading cycle that will allow public comment in response to iHeartMedia‘s request to win Commission approval for greater foreign ownership and non-U.S. investment.

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Adam Jacobson

Radio, TV Leaders to Share Tales of Pandemic Broadcasting

Radio+Television Business Report
4 years 2 months ago

Two top television broadcast executives will be joined by a key radio industry leader as the centerpiece of the opening session of NAB Show Premiere — a virtually delivered event scheduled for the midday hours, Eastern Time, on Monday.

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RBR-TVBR

WMUR’s Leader Readies for Retirement

Radio+Television Business Report
4 years 2 months ago

After two decades at the helm of a highly influential ABC affiliate that has long played a pivotal role in presidential elections, as the host of debates ahead of the New Hampshire primary, the President and GM of this Hearst Television property will soon retire.

This puts the wheels in motion on the search for a new leader at WMUR-9 in Manchester, N.H.

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Adam Jacobson

Audacy CMO Speaks As Entercom’s End Comes On Wall Street

Radio+Television Business Report
4 years 2 months ago

And, just like that, 53 years of history crafted largely by Joseph Field disappeared with the push of a button as the New York Stock Exchange commenced its April 9, 2021 trading session.

Entercom Communications, which last week changed its corporate identity to Audacy and is in the process of transitioning its Radio.com brand to Audacy, officially said goodbye to its “ETM” ticker symbol. With that symbolic Opening Bell opportunity, a new era officially begins for Field’s son, President/CEO David Field.

The virtual appearance by Field’s C-Suite members as trading began followed a 30-minute interview on Clubhouse with Entercom CMO Paul Suchman, conducted by Radio Ink Editor Ed Ryan, that saw Suchman share details about how the name change to Audacy came to be.

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Adam Jacobson

NBCU Parent Gets A Target Price Hike

Radio+Television Business Report
4 years 2 months ago

Jeffrey Wlodarczak, a Principal and the Entertainment/Interactive Subscription Services Analyst for top Wall Street investment house Pivotal Research Group, this week took a deep dive into the NBCUniversal component of media giant Comcast.

Wlodarczak conducted the review as part of an assessment of NBC’s “mostly” new reporting format. His report card shows that a “likely significantly rebounding NBC” — along with “healthy” cable EBITDA growth, despite the multitude of cord-cutting tales — will fuel Comcast share growth.

As such, he raised his target price on Comcast.

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Adam Jacobson

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