Tag: "Jumpwire Media"
By Walter Sabo
NEW YORK — Daily digital newsletters suggest that there are hundreds of hot new “platforms” and “monetizations” and “disruptors.”
There aren’t. A quick walk from the gourmet water cafes of lower Manhattan or Palo Alto to the food court at Mall of America will clarify the efficacy of many digi-theories. Remember, fiber optics (Lucent!) were ready to go in 1962, as were Picture Phones, but AT&T waited until they depreciated all the copper wire to roll out fiber.
There are at least five new business ideas that are close to the event horizon for profits.
RadioInfo to Launch Massive Overview of CHR. Kicking Off in RadioInfo this coming Monday (11/12) will be a massive overview of the dynamic contemporary hit radio (CHR) format – also still widely known by its original and historic label, “top 40.” Written and researched by RadioInfo managing editor and west coast bureau chief Mike Kinosian, the six-part mega series takes an intense professional radio industry look at the nuts and bolts, the philosophies, methodologies and permutations that make one of commercial radio’s most enduring and successful popular music-based genres tick. It covers the roots of CHR, going back to the golden era of the format’s founding fathers all the way up to the present day of its mainstream, rhythmic and nuanced dynamics and musical idiosyncrasies. (Example: Research continues to indicate that CHR music is popular among both teenage girls and their 40-something mothers.) “It just might be the greatest moving target of all time,” speculates Rob Roberts, operations manager of Cumulus, Atlanta – which includes mainstream top 40 WWWQ (“Q100”). “It is always moving, changing, and evolving. Talk about a format that demands that you stay young. I think I am the only male in my demographic among the people I hang around with who actually has a Twitter account.” The RadioInfo special interviews leaders in today’s CHR scene including ones that operate in close neighboring formats such as hot AC. For example, the legendary Scott Shannon, who was a prime mover in the creation of New York’s Clear Channel CHR juggernaut WHTZ (Z-100), has spent the last two decades programming and hosting mornings on the Big Apple’s Cumulus-owned hot AC powerhouse WPLJ. “There is a very thin line,” Shannon tells RadioInfo, “between a good hot AC and a CHR. The music might be a little bit different but it is still about passion and excitement.” Shannon continues, “Compelling content is more important than ever because everyone now has the same tools. I listen to CHR radio and, if I had to, I could certainly program it again. It still is exciting radio.” Shannon cites the great challenge facing many CHR programmers: “The problem is that too many stations sound alike. Stations have the same information and research. Many stations around the country even have the same personalities. There are some great ones out there but I am a little concerned about where future ones will come from. They were able to rear their heads in the past. I hope that will continue.” RadioInfo VP/executive editor Kevin Casey states, “We are proudly enthusiastic about publishing this multi-part series on CHR next week. As this new phase in the evolution of RadioInfo as a comprehensive music radio trade publication continues to evolve — including the bold emergence of our highly focused, radio-centric music charts in pop, rock and Christian (with country, urban and college on their way) — this special takes its place alongside our recently posted ‘State of Rock Radio’ cornerstone piece that continues to get positive feedback from radio professionals around the world!”
Clear Channel Teams with Madison Square Garden and Weinstein Company to Present Sandy Relief Fundraiser. The concert will take place on December 12 – 12-12-12 – and will be a one-night-only live fundraising event to benefit the victims of Hurricane Sandy. The three organizations are the same group that produced and sponsored the historic 9/11 benefit “The Concert for New York City.” The concert will be at Madison Square Garden and more details on the event and the artist lineup will be released in the coming days. All money raised will be administered directly to those who need it most, through the Robin Hood Relief Fund. In a joint statement, the three organizations say, “The ‘Concert for New York City’ was a night filled with emotion, courage and tremendous hope when we came together as a city following the 9/11 attack. Once again, our city, as well as millions of our neighbors in the Tri-State area, are in desperate need of our assistance as they recover from Hurricane Sandy and rebuild their lives. We have no doubt that the event we are planning will be filled with unforgettable music, entertainment and that uniquely American spirit of community, compassion and generosity.”
Disney Fiscal Year Revenues Up 3% to $42.3 Billion; ESPN a “Strong Contributor.” Pointing to record results Thursday, Disney Chairman and CEO Robert Iger tells investors, “Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income, and earnings per share. The addition of Lucasfilm (and the “Star Wars” franchise) will further fuel Disney’s creative engine across our company…and we’re confident the company is well positioned to continue our strong performance and growth.” Revenue for the fourth quarter, which ended on September 29, is $10.8 billion, up 3% over last fiscal year. Quarterly earnings rose 15% to 68 cents per share from 59 cents in the year-earlier period, matching analysts’ expectations. Addressing the question of falling TV ratings, Iger indicated that it is “premature” to assume that the weakness seen across the four traditional networks is a sign of its ultimate demise, rather it is an indication of the increased use of DVRs and “live-plus-same day” metrics. Profit gains are driven by the Parks and Resorts segment. Iger pointed out that “ESPN was a strong contributor for the year as well, adding Wimbledon to its world-class sports lineup, along with higher ratings, ad sales and affiliate revenue. ESPN also solidified its position in some critical sports, including college football and basketball and major league baseball.” Iger did not mention ESPN Radio specifically. But of course in addition to the cable networks, online, and print, ESPN operates the four O&O stations: KSPN, Los Angeles; WMVP, Chicago; KESN-FM, Dallas; and WEPN AM/FM, New York.
Salem Communications Q3 Total Revenue Increase of 4.1% to $56.7 Million. Salem Communications Corporation releases its three months results with a net broadcast revenue increase of 2.5% to $45.9 million, while station operating income decreased 2.1% to $15.3 million. Internet revenue was up 16.7% to $6.7 million while internet operating income increased 23% to $2 million. The Salem publishing division shows flat revenues at $3 million with operating income decreasing 67% to $44 million from $134 million. Nine-month highlights reflect the quarterly figures with total revenue increasing 4.7% to $168.6 million, but net income decreasing 53% to $2.4 million from $5.2 million in the prior year. Nine-month broadcast revenue was up 2.5% to $136.2 million but station operating income is down 2% to $45.9 million. Radio acquisitions during the quarter include closing on WLCC-AM, Tampa, Florida ($1.2 million) and pending deals for WMUU-FM, Greenville, South Carolina ($6 million) and WJKR-FM in Columbus, Ohio ($4 million). The company is projecting a total revenue increase of 3% to 5% for the fourth quarter over the $57.1 million revenue in 2011. Salem owns and operates 95 radio stations, with 60 stations in the nation’s top 25 markets – and 29 in the top 10.
Cox Media Group and Marketron Renew and Extend Relationship. Cox Media and Marketron announce they have renewed and extended their working relationship that will have the Mediascape platform deployed across all of Cox Media’s stations. The company says, “CMG plans to deploy the services across its stations to increase efficiency, drive new advertising revenue and simplify organizational processes…In addition to the Mediascape platform, Cox Media Group will also deploy a number of Mediascape Services, including Network Connect, Proof of Performance, Revenue Builder with Triton Integration and Electronic Orders and Invoices.” CMG SVP of radio Kim Guthrie says, “Marketron’s focus on creating an open industry platform fits squarely with Cox’s plans for revenue diversification across our portfolio. With non-spot revenue opportunities it is critically important to have access to all of our data.”
Study Says Social Media Drives Radio Ratings. Jumpwire Media, a Toronto-based company specializing in brand strategies for broadcasters and media companies, releases an industry white paper examining the interaction between radio programming and the social media. Jumpwire founder Gavin McGarry reports, “We have proven after 18 months of extensive study using our systems, the importance of social media activity to the future of radio broadcasting. By implementing even just four initiatives, broadcasters can improve and increase their audience ratings and audience engagement.” The company says it has found Facebook activities can drive radio ratings up especially when photos are the key content. McGarry says tracking Facebook and Twitter performance metrics can identify content before it goes viral. He also points out that in the U.S. stations don’t take advantage of the commuter hours the way outlets in Canada do. Conclusion: morning or afternoon drive, the best time to tweet for radio stations is on a Friday.
Steve Borneman Jumps to Clear Channel NYC. The former market manager for Cumulus Media New York – news/talk WABC and hot AC WPLJ – Steve Borneman is joining Clear Channel Media and Entertainment’s New York cluster that includes hip hop WWPR “Power 105.1”; soft AC WLTW; AC WKTU; CHR WHTZ “Z100”; classic rock WAXQ; and the soon-to-be-acquired talk WOR. Borneman’s exact title is not yet known but he will be part of CC NYC’s senior management team.
More RadioInfo Career Moves. Cox Media ousts high-profile talent in San Antonio as mysanantonio.com reports the market is shocked by the changes that have classic hit KONO-FM PM drive host Steve O. Sellers, KSMG “Magic 105” personality Katrina Curtiss, and classic rock KTKX jock Tom T Bone Scheppke out in what are reported to be budget-related moves. At KONO, Steve Casanova is in PM drive now…..Clear Channel Atlanta names Justin Schaflander director of sales for the company’s six-station cluster. Schaflander is upped from his position as general sales manager and director of events and sponsorships…..Country jock, comedian, TV personality and songwriter Cledus T. Judd takes the morning drive gig at WTCR, Huntington, West Virginia in order to be closer to his daughter. He’ll join Judy Eaton and Clint McElroy in mornings for the new “Cledus T. Party with Judy and Clint” show. Most recently Judd hosted the morning show at WQYK, Tampa…..Susan Groves exits the OM post at Journal Broadcasting’s Boise cluster after a brief period in the position. Groves recently left Mid-West Family Stations’ Springfield, Illinois group to take the Boise job.
“Fiscal Cliff” Triggers Another Down Day On Wall Street. Stocks suffered a second day of losses with doubts about the government’s ability to deal with the crisis before the end of the year. The Dow Jones lost 121.41 points (-0.94%), to close at 12,811.32. The Nasdaq lost 41.70 points (-1.42%), closing at 2,895.58, while the S&P 500 tumbled 17.02 (1.22%), to 1,377.51. Grupo Radio Centro and Spanish Broadcasting System were among the few broadcasters who posted modest gains Thursday while Beasley Broadcast Group suffered the sector’s biggest decline, down 0.64 (-13.45%), to close at 4.12, its lowest level since mid-May of this year. The company released its quarterly report last Friday which showed a decline in net income of 51% from the third quarter last year, dropping from $2.3 million in 2011 to $1.2 million for 2012. In the Form 10-Q filing November 2 with the SEC, Beasley states, “We believe that we will have sufficient liquidity and capital resources to permit us to provide for our liquidity requirements and meet our financial obligations for the next twelve months. However, poor financial results, unanticipated acquisition opportunities or unanticipated expenses could give rise to defaults under our credit facilities, additional debt servicing requirements or other additional financing or liquidity requirements sooner than we expect and we may not secure financing when needed or on acceptable terms.” However, Joe Jaffoni, investor relations for Beasley Broadcast Group states that the decline in last quarter’s net income was due to a one-time $2.6 million pre-tax charge for loss on extinguishment of long-term debt, and he notes that’s a good thing. He also underscores that net revenue growth and SOI (station operating income) growth are the leading income statement metrics that investors use to evaluate radio companies and Beasley grew both of these in the third quarter by 3.1% and 9.1%, respectively.