Saturday, August 10, 2024

Radio History: Aug 11


➦In 1942...Actress Hedy Lamarr, born Hedwig Eva Maria Kiesler, and composer George Anthiel received U.S. patent for Frequency-hopping spread spectrum (FHSS), a method of transmitting radio signals by rapidly switching a carrier among many frequency channels, using a pseudorandom sequence known to both transmitter and receiver. It is used as a multiple access method in the frequency-hopping code division multiple access (FH-CDMA) scheme. It eventually led to today's Wi-Fi, GPS, and Bluetooth.

Hedy Lamarr
Spread-spectrum signals are highly resistant to deliberate jamming, unless the adversary has knowledge of the spreading characteristics. Military radios use cryptographic techniques to generate the channel sequence under the control of a secret Transmission Security Key (TRANSEC) that the sender and receiver share in advance.

By itself, frequency hopping provides only limited protection against eavesdropping and jamming. Most modern military frequency hopping radios also employ separate encryption devices such as the KY-57. U.S. military radios that use frequency hopping include the JTIDS/MIDS family, HAVE QUICK and SINCGARS.

In the US, since the Federal Communications Commission (FCC) amended rules to allow frequency hopping spread spectrum systems in the unregulated 2.4 GHz band, many consumer devices in that band have employed various spread-spectrum modes.

Some walkie-talkies that employ frequency-hopping spread spectrum technology have been developed for unlicensed use on the 900 MHz band.

Lamarr died in Casselberry, FL on January 19, 2000, of heart disease, aged 85.

The Beatles in Chicago
➦In 1966…The Beatles staged their fourth concert tour of America, and it was the last commercial tour they undertook.

Audacy Reports Huge Drop In Operating Loss, Digital Jumps


 Audacy, Inc. Friday afternoon reported financial results for the quarter ended June 30, 2024.

David J. Field, Chairman, President and Chief Executive Officer, stated: “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year.  For the first six months of 2024, Adjusted EBITDA is up 128%.  Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets.    

"Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results.  

David Field
"As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter.

"The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.

"Our team has done an outstanding job driving our progress and accelerating performance while simultaneously administering our reorganization plan, all without disruption to our partners, listeners, customers, vendors or our staff.  We look forward to a bright future as a strong, scaled leader in the dynamic audio market, distinguished by our industry-leading balance sheet, our top positions in the country’s largest markets and our exclusive premium content highlighted by our unrivaled leadership in sports audio.”

Second Quarter Summary

  • Net revenues for the quarter were $301.6 million, up 1% compared to $298.5 million in the second quarter of 2023
  • Total Radio revenues decreased by 3%, while Digital revenues increased by 12%
  • Operating loss for the quarter was $3.0 million, compared to an operating loss of $135.3 million in the second quarter of 2023
  • Adjusted EBITDA for the quarter was $31.1 million, up 116% compared to $14.4 million in the second quarter of 2023
  • For the first half of 2024, Adjusted EBITDA was $40.7 million, up 128% compared to $17.9 million in the first half of 2023
  • Total operating expenses for the quarter were $304.6 million, which includes a non-cash impairment loss of $5.5 million and a loss on asset sale of $0.6 million, compared to $433.8 million in the second quarter of 2023, which included a net gain on sale of $9.9 million and a non-cash impairment loss of $125.4 million
  • Cash operating expenses for the quarter were $270.5 million, down 5% compared to $284.1 million in the second quarter of 2023
  • Adjusted free cash flow for the quarter was $18.0 million 
  • During the quarter, the Company recorded $13.6 million of Other Income related to cash received for shares it owned in Broadcast Music Inc. (“BMI”), which was acquired by New Mountain Capital, LLC. In total, the Company received $39.1 million from the sale of its stock in BMI
  • As of June 30, 2024, the Company’s liquidity, which includes cash, excluding restricted cash, and the Company’s undrawn Accounts Receivable Facility capacity, was $126.5 million
  • In July, the Company completed the sale of an FM station in Greenville, SC, that was required by FCC regulations

TV Ratings: 28M+ Watched Olympics Thursday


NBCUniversal’s presentation of the final Thursday of Paris Olympics competition on NBC, Peacock, and across key NBCU platforms posted a Total Audience Delivery (TAD) of 28.5 million viewers, according to official data from Nielsen and Adobe Analytics – nearly doubling the audience for the comparable Thursday of competition for the Tokyo Olympics (14.5 million across all platforms).

Beginning with Friday’s Opening Ceremony, NBCUniversal has a posted a 14-day Total Audience Delivery average of 31.6 million viewers across the combined live Paris Prime (2-5 p.m. ET) and U.S. primetime (8-11 p.m. ET/PT) time periods – up 77% from Tokyo (17.8 million).

Led by Peacock, 20.3 billion minutes of Paris Olympics coverage have been streamed through Thursday – up 21% from all prior Summer and Winter Olympics combined (16.8 billion minutes across NBCUniversal digital platforms).

The Paris Olympics are delivering gold for NBCUniversal’s streaming business—and the media behemoth has a tight group of dynamic influencers and celebrity personalities to thank for much of that sparkle, reports Forbes.

The current Peacock offering—the streamer is delivering 5,000 of NBCU’s overall 7,000 hours of Olympics coverage—is in stark contrast to the Tokyo summer Games in 2021 where Peacock streamed only limited, scattershot coverage with no apparent cohesion.

Not so much for 2024. This time the coverage is smooth, snappy, and often feels more like a social media scroll than event footage and analysis. And while all eyes are on the world’s elite athletes, the culture is being elevated by personalities who are bringing the cool.

Whether it’s Snoop Dogg swimming laps with former Olympian Michael Phelps or touring the Louvre; Alex Cooper, co-creator and host of the podcast Call Her Daddy, hosting a streaming-only watch party or sharing BTS interviews with members women’s gymnastics team; or Kevin Hart and Kenan Thompson putting their comedic lens on each day’s events in their Peacock-exclusive highlights show—the party is nonstop, and audiences of all demographics and viewing preferences are welcome.

Boston Radio: 98.5 The Sports Hub Reaches Anniversary Milestone


Beasley Media Group’s powerhouse Sports Talk Station, 98.5 The Sports Hub, will celebrate its 15-year anniversary on the air in Boston next week!

The Station hit the airwaves on August 13th, 2009 with replays of the New England Patriots 2001, 2003 and 2004 Super Bowl winning radio broadcasts, followed by the inaugural Felger & Mazz show. In addition, Sports Hub will celebrate this landmark anniversary throughout the entire week with introspections both On-air, on its YouTube channel as well as on all Social Media platforms.

Launched on an FM signal (a rarity at the time for a Sports Talk radio station), The Sports Hub quickly rose up the ranks through the Boston market and was quickly recognized among the top Sports Talk radio stations in the country.

Throughout its 15-year history, the Station has received numerous industry accolades, including the National Association of Broadcasters’ Marconi Award for Sports Station of the Year in 2011, 2014, 2019 and 2023.

As the official flagship radio station for the New England Patriots, Boston Celtics, Boston Bruins and New England Revolution, the Sports Hub has been a part of an unprecedented run of championships in Boston, many of which aired live on the Station. Continually top-rated shows, outstanding talent and loyal listeners have all contributed to the overall success of the Station over its history.

“For me, being with the station since day one, I have always felt proud and privileged to be a part of the Sports Hub team these past 15 years,” said station Program Director Rick Radzik. “We look forward to celebrating the milestone all next week on air and online with many stories and recollections from our on-air talent.”

“I am so proud of this amazing team, most of who have been here from the beginning, and have built and grown this amazing brand that is intrinsically intertwined with Boston sports history for the past 15 years,” said Mary Menna, Beasley Media Group Regional Vice President and Boston Market Manager.

Netflix, CBS Sports Team For to Christmas Day NFL games


Netflix said it has struck a deal to have CBS Sports produce the two National Football League games the streamer is carrying this Christmas.

The Wall Street Journal reports the one-year deal with CBS Sports is for the production of the games only and doesn’t include the on-air talent that will call the two games, which will be decided later.

That doesn’t mean that popular CBS announcers Tony Romo and Jim Nantz won’t be asked to call one of the two games. Netflix, however, may also opt to go in a different direction in an effort to put its own stamp on the games, a person familiar with the companies’ thinking said. 

Under the terms of the deal, CBS will receive a production fee for the two games, as well as promotional spots in Netflix’s streaming of the games for its own programming, the person said. CBS is a unit of Paramount Global.

CBS will also have advertising inventory in the broadcast coverage of the games in the local markets of the competing teams. Per NFL rules, games that are streamed or on cable must be made available via local over-the-air television in the cities of the teams that are playing. 

It isn’t unusual for a company to bring an outside producer on board for sports content. CBS also produces games carried by the NFL Network, and Amazon Prime Video uses NBC crew members in the production of its games. 

Netflix’s contract with the NFL is for Christmas games over the next three seasons. This year, the games are a matchup between the Kansas City Chiefs and Pittsburgh Steelers, followed by a game between the Baltimore Ravens and Houston Texans.

CBS and Netflix have long ties. Besides selling library content to Netflix such as “NCIS” and more recently “Your Honor,” the TV studios of CBS and Paramount have also produced the original hit shows for Netflix “Dead to Me” and “13 Reasons Why.” In addition, George Cheeks, co-Chief Executive Officer of Paramount Global and head of CBS, and Netflix Chief Content Officer Bela Bajaria were colleagues at NBCUniversal.

Consumers Hit With Streaming Sticker Shock


Disney+ and Hulu announced price increases this week, effective Oct. 17. Paramount+ will increase its rates starting on Aug. 20. Warner Bros. Discovery’s Max streaming channel raised prices in June, while Comcast’s Peacock service did so in July.

Bruce Leichtman, a TV industry analyst at Leichtman Research Group, said the rapid growth in streaming services has come to an end and that is driving prices higher. The COVID lockdown generated millions of new subscriptions as homebound consumers sought fresh viewing options. As a result, the streaming market “very quickly matured to the point of near saturation,” Leichtman said.

That means the streamers have only two options for growing revenues — selling ads or raising prices. And even ad-sponsored services are becoming more costly for consumers, reports The Boston Globe.

Max left the price of its ad-supported version unchanged at $9.95 a month or $99 a year. But its ad-free basic version has gone up from $15.99 a month or $149.99 a year to $16.99 a month or $169.99 a year. Prices also went up for the service’s “Ultimate” tier which offers higher video resolution.

The ad-backed versions of Disney+ and Hulu will both be increased by $2 to $9.99 a month. Ad-free Disney+ rises from $13.99 to $15.99 a month, and ad-free Hulu will rise from $18 to $19 a month.

Both Paramount+ and Peacock are raising their ad-supported price from $5.99 to $7.99 a month. Ad-free Paramount+ goes up one dollar to $12.99 a month, while Peacock rises from $11.99 to $13.99 a month.

Put another way, a consumer who paid for the ad-free versions of all these services must pay an extra $7 a month after all the price increases. That’s what a subscription to Disney+ cost when the service was launched in 2019.

The average US household already subscribes to four such services, compared to three in 2020. Leichtman said it’s just a matter of time before industry leader Netflix jacks up its rates as well.

Beginning next year, Leichtman noted, Netflix will no longer reveal to investors how many subscribers it has, It will just report how much revenue the company is collecting.

St. Louis Radio: Double Duty For Lern

Lauren 'Lern' Elwell

Real Rock Radio fans in the St. Louis area will be hearing some familiar voices after a shakeup in the lineup. KSHE-95 owner Hubbard Radio recently laid off afternoon host Josh Innes. They are bringing back Lern, and Favazz is returning to the 2 p.m. to 6 p.m. timeslot.

Lauren 'Lern' Elwell started at KSHE in March 2023. He previously worked at a classic rock radio station in Nashville. Before that, he was a sports talk radio host in Houston and Philadelphia. His career has seen plenty of controversy but Innes says that budget cuts were the reason behind the layoff.

Lern previously hosted the 2 p.m. to 6 p.m. timeslot on KSHE. She left to be a part of the Rizzuto show. Now she’s returning as a full-time host to the station she’s been a part of since 2008.

“KSHE always will feel like ‘home’ to me, and the amount of fun and growth that’s happened with The Rizzuto Show this last year and a half has been beyond my wildest expectations! I’m thankful to be part of both!” states Lern in a Facebook post.

Fox TV2 reports Lern will be on 105.7 The Point from 6 a.m. to 10 a.m. and then host her own show on KSHE from 10 a.m. to 2 p.m.

“I am so excited to be on air at KSHE 95 and 105.7 The Point. This is honestly ‘Peak Radio Goals’ for me in my career in St. Louis. I am so honored, honestly. KSHE always will feel like ‘home’ to me, and the amount of fun and growth that’s happened with The Rizzuto Show this last year and half has been beyond my wildest expectations! I’m thankful to be part of both!” states Lern.

The changes will start on August 12 and Lern is off this week to “rest up.” Todd Morgan will now be the new host of KSHE’s Monday Night Metal. She was a part of the program since departing for the morning show on 105.7 FM.

Fort Myers Radio: Stan and Haney To Retire After 33-Years


Legendary WRXK/96K Rock Afternoon Drive Personalities Stan and Haney have announced they will be officially retiring at the end of the month, bringing their over thirty-year run on Southwest Florida’s Heritage Rock Station to an official close.

An emotional Stan Nawalaniec told his listeners, “I love this show. This is who we are. It’s our identity. We have done it our entire adult lives, and for most of our adult lives we have done it in this building. I just want you guys to know we love ya! Thank you for just the best audience that we could ask for. Thank you.”

“This sadly marks the end of an era as we say farewell to Stan & Haney, who have been the heart and soul of 96 Krock for over 30 years,” said Vice President and Market Manager AJ Lurie. “While we will miss their presence on the airwaves, their contributions will always be remembered. Thank you for an incredible journey and for being such an integral part of our community.”

The dynamic duo first began entertaining listeners on WRXK-FM back in 1993. Their retirement will leave a significant void, not only in the hearts of their loyal fans but also among the team and staff who have had the honor of working alongside them throughout these unforgettable years. Their last official day on the air will be August 30, 2024, from 2:00PM – 6:00PM.

Anyone wishing to send Stan & Haney a message can email them at: stanandhaney@96krock.com.

Orlando Radio: James Steele Lands PM Drive At WOCL

Audacy has announced the addition of James Steele as afternoon host on 1059 SUNNY FM (WOCL-FM) in Orlando. 

He was previously heard on FM 101.9, now known as 102 JAMZ (WJHM-FM). 

Steele can be heard weekdays from 3:00 p.m. to 7:00 p.m. ET.

“James deciding to walk an additional 156 feet down the hallway to dispense his talents on 1059 SUNNY FM will bring brightness back into afternoons,” said Rick Stacy, Brand Manager, 1059 SUNNY FM. “We’re confident our listeners are just as excited as we are." 

“I still can’t believe I was asked to join the legendary 1059 SUNNY FM brand,” said Steele. “I’m grateful for Claudia and Rick, who brought me on board, and I look forward to being a part of the most listened-to station in Orlando.”

Steele is a Florida native who has spent 20 years traveling the country spreading laughter one radio show at a time. 

Steele succeeds Anthony “Domino” Lini, who passed away in March. His headshot is attached.

Scrutiny For Venu


Sens. Elizabeth Warren and Bernie Sanders and Rep. Joaquin Castro have sent a letter to the Department of Justice asking it to investigate and potentially prevent Disney, Fox and Warner Bros’ from starting a joint venture that will combine the resources of ESPN, Fox Sports and TNT Sports in a direct-to-consumer streaming service called Venu Sports.

In the letter, obtained by The Athletic, the three Democrats urged the Department of Justice to examine Venu Sports “and oppose it if it violates antitrust or telecommunications laws or regulations.” They also think that Venu being described as a joint venture should not prevent it from scrutiny.

Venu Sports is slated to begin soon at a rate of $42.99 per month. Subscribers will not need a cable subscription and will be able to access all the programming and games from the three networks and their affiliates (such as ABC and Fox), plus ESPN+, the network’s extra direct-to-consumer service that features more niche sports.

ESPN has plans to make its network available directly to consumers as a standalone product next year, which The Athletic has previously reported is expected to cost $25-$30 per month.

Viewers can currently subscribe to services such as YouTube TV for around $70-$75, which includes all three networks plus the other major broadcast entities, NBC and CBS. Both of those networks also have their own direct-to-consumer streaming products.

Fox CEO Lachlan Murdoch reiterated during his company’s earnings call this week that he expected Venu Sports to hit five million subscribers by 2029. While the agreement is between the trio, the subscription revenue from Venu Sports is based on the same formula as the networks receive from cable and satellite providers. ESPN, which makes in excess of $10 per cable subscriber, is set to receive the highest portion of Venu Sports revenue.

Fayetteville Radio: Beasley Launches New Jack Format


Beasley Media Group has officially unveiled the new 96.5 JACK FM on WFLB in Fayetteville!

JACK-FM’s innovative “Playing What We Want” experience spans six decades of popular music! Listeners can expect to hear a mix of hits, including everything from Pink Floyd and Guns N’ Roses, to Rod Stewart and Heart.

“We are JACKED about bringing this brand into the Fayetteville market,” said Fayetteville Vice President and Market Manager Ronnie Glover. “We love the energy and fun this station will bring to the airways here and look forward to watching it grow in big ways.”

96.5 JACK FM Fayetteville can be found online at www.PlayJackRadio.com or on social media at @PlayJackRadio anytime.

Houston Radio KILT-FM Adds Adds Homegrown Show


Audacy announces the launch of a new local show starring Zakk United (Wills) on 100.3 The Bull (KILT-FM) in Houston. "Sounds Like Texas With Zakk United” will air weekly on Sundays from 6:00 p.m. to 8:00 p.m. CT beginning August 11.

"100.3 The Bull is proud to champion local culture and musicians with 'Sounds Like Texas With Zakk United,'” said Melissa Chase, Vice President of Programming, Audacy Houston. “Zakk is a fifth-generation Texan and the president of content and programming for the Texas Country Network (TXCN), the official broadcast partner of the Texas Country Music Association. We are certain that his authenticity, expertise and top-tier talent will curate a compelling Sunday show for our listeners.”

“The integration of TXCN with Audacy is beyond Texas-sized. This collaboration ensures excellent content and the perfect platform for Texas artists to showcase our music scene to the world,” said Wills. “Returning to 100.3 The Bull is more than a homecoming–it's an honor, a pleasure and a privilege to be back on this legendary signal, the best Country radio station in America with some of the greatest broadcasters. I can't thank Sarah Frazier, Melissa Chase, Nick Russo and the entire Audacy team enough for making this happen!”

With over a decade of experience, Wills has made a significant impact on the airwaves, bringing a fresh and authentic voice to listeners across Texas. As President of Content and Programming for TXCN, Wills helps to give the biggest and brightest content creators a one-of-a-kind space to build a community that tells the stories of Texas through music and culture. Wills is also the resident DJ and a sound engineer at Henry’s Hideout, bringing his own “Hoggy-Tonk” style to the dancehall every weekend.

📻Listeners can tune in to 100.3 The Bull (KILT-FM) in Houston on-air and nationwide on the Audacy app and website. Fans can also connect with the station via X, Facebook and Instagram.

Radio History: Aug 10


Ted Husing
➦In 1962...Edward Britt "Ted" Husing died from complications of a brain tumor at age 60 (Born - November 27, 1901).  He was an early radio sportscaster and was among the first to lay the groundwork for the structure and pace of modern sports reporting.

At age 16, he joined the National Guard and in World War I was assigned to stand watch over New York's harbor. Following the war, he floated between jobs such as carnival barker and payroll clerk.

After he won an audition over 500 other applicants for announcer at New York City radio station WHN, Husing found his life's calling. He was schooled under the tutelage of pioneer broadcaster Major J. Andrew White. There he covered breaking news stories and political conventions and assisted White during football commentaries.

By 1926, Husing was working at WJZ, which made him "its specialist in announcing dance programs." A newspaper article reported that Husing was selected for the job "out of 610 applications for the position of announcer at station WJZ."

As an announcer, his use of descriptive language combined with a commanding voice made his broadcasts must-listen events. By 1927, he was voted seventh most popular announcer in a national poll. Following a pay dispute, he moved to Boston, where he broadcast Boston Braves (now Atlanta Braves) baseball games.

Later in 1927, he returned to New York and helped his mentor, J. Andrew White, start the new CBS chain. After cigar mogul William S. Paley bought the cash-strapped network in 1928, Ted Husing rose to new heights of glory and fame.

At CBS, Husing took on a wide variety of events. In 1929, he was named studio director of WABC (the CBS flagship station) in addition to continuing his work as an announcer for the network.

He was the original voice of the popular March of Time program and an announcer for shows such as George Burns and Gracie Allen. Above everything, his work on sports gave Husing the greatest prominence. He covered events as diverse as boxing, horse racing, track and field, regattas, seven World Series, tennis, golf, four Olympic Games, Indianapolis 500 motor racing, and especially college football.

In addition to his sports preeminence, Husing also did news/special events coverage for the CBS Radio Network. In the 1930s, he gave early tutelage to a budding CBS Radio announcer, Mel Allen, who, like Husing, would become a legendary sportscaster.

In 1946, Husing moved from CBS to WHN (later WMGM) to pursue a career as a disk jockey. Husing's popular music show the Ted Husing Bandstand ran from 1946 to 1954. He continued to busy himself with sports assignments, including boxing on CBS and DuMont television, one year (1950) as the radio voice of New York Giants football, and as host of DuMont's Boxing From Eastern Parkway from May 1952 to March 1953. Perhaps he was best known as the voice of Army football from 1947 to 1953. By that time, Husing's yearly salary was close to half a million dollars.

In the spring of 1954, an operation to treat a malignant brain tumor left him blind and forced him to retire.   In 1963, Husing became the second inductee of the National Sportscasters and Sportswriters Association Hall of Fame.  In 1984, Husing was part of the American Sportscasters Association Hall of Fame’s inaugural class which included sportscasting legends Red Barber, Don Dunphy, Graham McNamee and Bill Stern.

Friday, August 9, 2024

iHM's Restructuring Called 'Bloodbath'


iHeartMedia’s layoffs of hundreds of employees this week in a self-described move to modernize the company most likely means two things: A shift in emphasis from AM-FM airwaves to apps, streaming and podcasts; and an increase in centralized, syndicated programming rather than live, local DJs. 

“You’re simply taking content that someone has already produced and pushing it out someplace else on another channel — there’s a lot more money in that,” says Gordon Borrell, CEO of broadcast-analyst firm Borrell Associates. “Say what you want about iHeart, but they’re making some pretty smart and strategic decisions to stay afloat and morph in what’s becoming a difficult media environment.”

Billboard reports this week’s layoffs, part of what former employees have called a “a bloodbath” cut deeply into iHeart radio stations around the U.S., particularly those in “mid-major” markets such as Pittsburgh and Asheville, North Carolina, The deep and unexpected cuts have shocked record labels’ radio-promotions departments, who have lost many of their long-standing relationships. “When you’re talking to the market guy, he’s saying, ‘They let go of all these people and I’m running an automated system right now,'” says a label source who frequently works with iHeart. “Which is a shame because there is a huge need for something more local.”

iHeart reps wouldn’t comment on the number of layoffs or discuss strategy, other than releasing a statement that says in part, “This is another step in the company’s successful transformation as a multiple platform 21st century media company, and we believe it is essential to our future.”

iHM released a statement to Billboard Thursday afternoon, “Our goal is to provide our listeners with the best listening experience they can find anywhere — including improved locally-focused programming. The changes we made are designed to do that; we are using our resources and technology to better serve our listeners.”

The label source suggests iHM is trying to move into the “Spotify and Pandora side,” by structuring its business more like a digital or streaming service than a traditional radio station. In turn, it is drastically cutting smaller stations while feeding content from the bigger markets into iHeartRadio, which has 128 million users, and other digital apps. “It just doesn’t take a lot of money to do that” the source says.

Harris, Trump Set To Debate Sept 10 On ABC


Vice President Kamala Harris and former President Donald J. Trump will face off in a televised prime-time matchup on Sept. 10, ABC News said on Thursday, setting up the latest crucial moment in an already unpredictable presidential campaign.

The NY Times reports the 90-minute debate is expected to be held in Philadelphia, according to two people with knowledge of the plans. The ABC anchors David Muir and Linsey Davis will serve as moderators. The debate will probably be held without a live audience, but the exact format and ground rules are still being determined, the people said.

In one sense, the announcement maintains the status quo: Trump agreed months ago to debate President Biden on ABC on that same date. But the Republican nominee wavered on that commitment after Biden withdrew from the race, arguing that he had not agreed to those terms with Harris.

This year’s previous debate, in June, was perhaps the most consequential in the 64-year history of televised presidential matchups. Mr. Biden’s shaky and diminished performance set off a panic among Democrats that ultimately led to the president ceding his spot atop his party’s ticket.

Media Boycott Ad Coalition GARM Ceases Operations

An advertising-industry coalition supposedly dedicated to safeguarding marketers from harmful content is halting work following a lawsuit filed by Elon Musk’s social-media platform X.

The initiative, called the Global Alliance for Responsible Media (GARM), was formed in 2019 by the World Federation of Advertisers, major marketers, social-media companies and ad agency groups to tackle hate speech, bullying and divisive fake content. 

But X this week alleged companies including CVS Health, Mars and Unilever had conspired to withhold billions of dollars in a “massive advertising boycott” to force the platform to maintain certain safety standards, according to the complaint filed Tuesday in Texas’ northern district. The suit also named the World Federation of Advertisers.

Report: Cable TV Business In Slow Motion Collapse


Paramount Global home of channels including Comedy Central, MTV and Nickelodeon, on Thursday wrote down the value of its cable-TV networks by nearly $6 billion, a day after rival Warner Bros. Discovery WBD revised the worth of its own cable business lower by $9.1 billion.

The Wall Street Journal reports Paramount is also cutting about 2,000 jobs, or 15% of its U.S. workforce, as part of an effort to realize $500 million in cost savings.

The reassessments by two of the country’s largest TV conglomerates come as cable-TV networks are contending with the acceleration of cord-cutting, declining ratings and a weak advertising market. Streaming platforms are taking audiences and subscribers away from what was once the engine powering the media industry.

“The challenges of the linear ecosystem are becoming even more apparent especially given the pressure on linear advertising and the competition for ad budgets with connected TV and streaming players and the increasing pressure with cord-cutting,” said Robert Fishman, an analyst with MoffettNathanson.

During a call with investors to discuss the company’s results, Chief Financial Officer Naveen Chopra said the nearly $6 billion write-down of the cable-TV business was triggered by the decline of the traditional TV business, as well as Paramount’s recently announced deal to merge with Skydance Media. 

Paramount, which also owns the namesake movie studio and the streaming services including Paramount+, said it incurred a loss of $5.41 billion in the second quarter, largely because of the goodwill impairment charge it booked for its cable-networks unit. Revenue fell 11% to $6.81 billion. 

The company said its streaming business—which beyond Paramount+ also includes Pluto TV—reported its first quarterly profit. But Paramount+ lost 2.8 million subscribers in the quarter, which the company attributed to the exit from a hard bundle agreement in South Korea. The company reiterated its forecast that Paramount+ would be profitable domestically in 2025.

Study: Voters Trust Radio


Earlier this summer, Katz asked Americans across the country about media trust. Cognizant of the current history-making election cycle, Katz followed up the study with another probe - this time into the mindset of voters. Once again, respondents were asked how trustworthy they found the following sources of information: radio, television, newspapers, magazines, and social media. The resounding theme amongst voters during this contentious political cycle is that one media is proving to be a unifying force, trusted across political lines: AM/FM radio. 

Katz's study found that radio is the most trusted media among voters, with 8 in 10 considering it to be very trustworthy or trustworthy. Radio surpassed newspapers by +5% and magazines by double digit margins. +23% more voters expressed trust in radio than TV, where the lion's share of political ad budgets are typically spent. Once again, social media earned the undesirable status of the least trusted media, with just over a quarter of voters putting faith in it. Radio was deemed trustworthy by nearly 3x as many voters as social media.

As different as parties' political ideologies are, media trust tends to follow suit with sizeable shifts across party lines. Democrats as a whole expressed the highest level of trust in all media types when compared to their political counterparts. Conversely, Republicans displayed the lowest level of trust in every media, with one exception: social media. Independents took an even harsher view of social media than Republicans, with only 20% putting faith in it (10 points below Republicans and 12 points below Democrats). 

The most polarized media, experiencing the largest trust spread between parties, was TV. While 80% of Democrats reported having faith in TV, Republicans clocked in 26 points lower. Similar patterns were seen with newspapers and magazines, as Republican trust trailed the Democrats by more than 20 points each. Likewise, Independents saw double-digit spreads between their trust levels for TV, newspapers, magazines, and social media, when compared to party voters. 

The one media where Katz found a consensus in trust across parties and Independents was AM/FM radio. Radio earned the top spot as the most trusted media among both Independent and Republican voters, with comparable numbers (80% and 78%, respectively). Democrats reported similar, but even higher trust in radio, at 84%, though it placed 2nd, behind newspapers. While voters wavered in the level of trust they are willing to place in media across parties and Independents, they largely trust what they hear on the radio.

Metrics Surge For Dan Bongino's Podcast


Cumulus Media’s Westwood One today has announced that The Dan Bongino Show podcast saw a surge in growth in July 2024. 

Listeners turned to Bongino for his expertise and insight as a former United States Secret Service agent following the assassination attempt against former President Donald J. Trump just prior to the Republican National Convention. 

The show delivered increases in both month-over-month audio and video downloads and rose in the podcasts trackers as well. For the last two weeks of July, The Dan Bongino Show experienced a significant increase in downloads over the previous month, launching the podcast to higher positions across all major ranking charts.

Key Facts:

  • The total number of downloads for The Dan Bongino Show podcast for the month of July 2024 was 16,382,838, which represents a 40% increase over June, at 11,680,939 (per Megaphone).
  • The surge of interest in The Dan Bongino Show propelled him to number 2 Overall on the Apple Podcasts Charts on July 18 and number 1 in the News category from July 15-30.
  • On The Podcast Charts by Spotify: The Dan Bongino Show rose to the number 3 position overall between July 19-22 and number 2 in News from July 19-25.
  • In the last two weeks of July, the average download per episode was approximately 30% higher than June.
  • On Rumble, the total numbers of raw video views of The Dan Bongino Show podcast in July was 42,656,001. This represents a 51% increase over June (28,182,009).

Jelly Roll's "Get By" To Be ESPN's College Rally Song

Jelly Roll

ESPN chooses Jelly Roll (Jason DeFord) song 'Get By' as new college football anthem for upcoming season

On Thursday, ESPN announced that they called on Nashville native Jelly Roll to create their 2024-2025 anthem for the college football season.

The Tennessean reports the season will kick off Saturday, Aug. 24, premiering Jelly Roll's new single "Get By."

The "Save Me" singer's upcoming single will play on ESPN’s college football coverage all season across ESPN networks and ABC. "Get By" will also appear on the country singer's upcoming album.

The 2024-2025 season is the 11th one where ESPN has partnered with artists to create an anthem.


Other artists who have been tasked with the honor include Post Malone, Fall Out Boy, Lauren Alaina, X Ambassadors, Thirty Seconds to Mars, Imagine Dragons, Judah & the Lion, Juice WRLD & Marshmello, DJ Snake & Rick Ross and Yungblud.

“There’s a powerful connection between music and college football and for more than a decade, the ESPN college football music anthem has been integral to the promotion of the sport while its release has marked the unofficial start to the season," said Curtis Friends, ESPN's vice president of marketing.

"Jelly Roll is a talented, award-winning artist whose music speaks to the passion of college football fans across the country, and we’re excited ‘Get By’ will soundtrack the sport all season long,” he said.

Megyn Kelly Shreds 'Tampon Tim'


SiriusXM's Megyn Kelly blasted Minnesota Gov. Tim Walz as “the most radical” choice for Vice President Kamala Harris’ 2024 running mate — mocking him as “Tampon Tim” for providing free menstrual products to boys.

“I’ve been thinking about Walz since yesterday. He’s the most radical they could find on the trans issue,” the former NBC and Fox anchor said during her Wednesday broadcast of SiriusXM’s “The Megyn Kelly Show.”

Under Walz’s governorship, Minnesota was declared a “refuge state” that offers legal protection to children who travel there for so-called gender-affirming care, including puberty blockers, reconstructive genital surgery and hormone therapy as well as for doctors who perform the operations.

The NY Post reports Kelly likened the progressive Walz to Democratic California Gov. Gavin Newsom, who recently passed a controversial law designed to keep parents in the dark about their kids’ gender identities.

“There’s just almost no daylight between those two, if any at all,” she said, adding: “He scares me because he actually could become the vice president and potentially the president.”


In a separate post to her X account Wednesday, Kelly called Walz “Tampon Tim” — a reference to his policy of providing free menstrual products to elementary school children, including transgender kids.

The law signed last year requires that tampons and other products be made available in boys’ and girls’ bathrooms at schools for children between grades 4 and 12.

Dow Jones Drives News Corp Growth


News Corp beat estimates for fourth-quarter revenue and profit on Thursday, driven by strength in its Dow Jones unit and strong performance in its real estate listing and book publishing businesses, sending its shares up 4% in extended trading.

The company said it was also evaluating options for Foxtel, its Australia-based subscription television provider, in response to interest from a third party.

Rupert Murdoch
News Corp, part of media mogul Rupert Murdoch's empire, has benefited from continued growth in its business information unit, Dow Jones, which includes publications such as The Wall Street Journal, Barron's and Market Watch.

The London Stock Exchange Group signed a multi-year news and data partnership with Dow Jones last month and Sam Altman-led OpenAI has partnered with the company for access to its news content.

News Corp, part of media mogul Rupert Murdoch's empire, has benefited from continued growth in its business information unit, Dow Jones, which includes publications such as The Wall Street Journal, Barron's and Market Watch.

Revenue from its book publishing unit, which consists of HarperCollins, rose 15% on higher sales of its physical and digital books.

However, revenue from its news media unit, which includes News Corp Australia, News UK and the New York Post, fell 5%, hit by lower advertising, circulation and subscription revenues.

Media Reporter Oliver Darcy Exits CNN

 ‘Reliable Sources’ Reporter Oliver Darcy Quits CNCNN “Reliable Sources” writer Oliver Darcy surprisingly quit the struggling cable network Thursday, saying he plans to launch a rival media newsletter, reports The NY Post.

The 33-year-old Darcy, who has often criticized his own network, had been penning “Reliable Sources” since CNN ousted the newsletter’s former writer Brian Stelter in 2022.

Darcy said his subscription-based newsletter, “Status,” will be a singular endeavor.  “There are no backers. Just me,” he told The Post. “The paid readers will empower my independent voice.”

Darcy, who joined CNN in 2017, became a leading media voice when he took over “Reliable Sources.” Notably, in June 2023, he spoke out against his own network under then-CEO Chris Licht, who had sparked an upheaval among staffers over the exec’s perceived poor judgment and lack of leadership.

He also had his fair share of scoops, most recently exposing MSNBC’s decision to yank “Morning Joe” off the air after an assassination attempt on former President Donald Trump.

“Oliver has established himself as a tough but scrupulously fair leading voice in media reporting and commentary – never afraid to call it as he sees it,” CNN boss Thompson said.

A rep for CNN said “Reliable Sources” will go on summer break but return in the fall with a new writer.

The first issue of “Status” is set to appear on Monday, and it will have a launch sponsor, which Darcy declined to name.

A subscription will begin at $15 a month or $150 a year with an elite membership, with perks like private Zoom calls available for $595 annually, The New York Times reported Thursday.

Taylor Swift Plot Suspect Confesses


The youths accused of planning to attack a Taylor Swift concert in Vienna had hoped to kill as many people as possible, the Austrian authorities said on Thursday, outlining a plot designed to copy some of the worst terrorist assaults of the last decade, The NY Times is reporting.

“The suspects actually had very specific and detailed plans to cause a tragedy on the scale of Paris, Manchester or Moscow,” Karl Nehammer, the chancellor of Austria, said Thursday afternoon at a news conference, referring to attacks that killed hundreds of concertgoers in all. Mr. Nehammer said the two, arrested less than 24 hours earlier, wanted to leave a “trail of blood.”

Swift had scheduled three concerts in Vienna, the first on Thursday, and she had been expected to draw more than 200,000 fans from across the world. Barracuda Music, the promoter for the Vienna run, canceled the shows on Wednesday night in what it characterized as a decision coordinated with Ms. Swift’s management.

Saga Communications Reports Downturn

Saga Communications’ earning reflect continuing challenges in Q2 2024.

Here’s a summary of the key points:

Financial Performance:

  • Net revenue decreased by 1.5% to $28.7 million compared to the same period last year.
  • Station operating expenses increased by 5.1% to $23.5 million.
  • Operating income dropped to $2.1 million from $4.3 million in Q2 2023.
  • Station operating income (a non-GAAP financial measure) decreased to $6.4 million from $8.0 million.

Houston Radio: KILT-AM's 'Loop' Adds Reggie Adetula

Reggie Adetula
Audacy names Reginald “Reggie” Adetula as midday co-host on SportsRadio 610 (KILT-AM) in Houston. Adetula will join co-host John Lopez and producer Edward “Figgy Fig” Gilliard on “In The Loop” and be heard weekdays from 10:00 a.m. to 2:00 p.m. beginning August 19.

“We’re thrilled to have Reggie join ‘In The Loop’ as the newest host,” said Parker Hillis, Brand Manager, SportsRadio 610. 

“He’s a natural talent whose on-air enthusiasm and innate ability to connect with an audience will make him the perfect fit here in Houston.”

"This is an incredible opportunity," said Adetula. “I can’t wait to join an amazing team at SportsRadio 610 and build relationships with listeners in the city I’ve always loved.”

Adetula is a native Houstonian who returns home after nine years as the evening host and producer on Audacy’s 105.3 The Fan (KRLD-FM) in Dallas.

📻Listeners can tune in to SportsRadio 610 (KILT-AM) in Houston on-air and nationwide on the Audacy app and website. Fans can also connect with the station via X, Facebook and Instagram.

Radio History: Aug 9


➦In 1911...radio/TV newscaster Robert McCormick, for more than 30 years a feature member of the NBC news corps, was born in Danville, KY.

Robert McCormick
The Depression curtailed his formal education, one day he dropped in at the old Washington DC Daily News in hopes of getting a baseball game pass. Instead, he was hired at 18 as a copy boy. He stayed at the News six years as a sports editor, city editor and columnist. He then became Washington correspondent for Colliers magazine, then a major and influential publication.

In 1942, when Colliers refused to send him abroad as a World War II correspondent, he moved to NBC. The following year he became central Pacific correspondent, based first at Pearl Harbor and then at Guam. He roamed much of the Pacific and was shot at by Japanese snipers while covering the conquest of Iwo Jima. Many years later he was shot at by rebels in Angola while covering the rebellion against Portuguese rule.

In this country, Mr. McCormick's assignments included many political conventions. They included the 1948 Democratic and Republican conclaves, the first to be covered by television.

When he returned from Europe in 1955 and to his home in Bethesda, he was assigned first to the State Department and then the Capitol, particularly the Senate. He was praised on the Senate floor when he retired from the network in 1976.

For some time Mr. McCormick struggled with alcoholism. Not only did he win, but he became so interested in the lack of treatment for the disease that he wrote a book about it, "Facing Alcoholism," recently reprinted.

He died of heart failure at age 74.

Rex Stout
➦In 1942...CBS radio broadcasts the debut of "Our Secret Weapon." Our Secret Weapon (1942–1943) was a radio series created to counter Axis shortwave radio propaganda broadcasts during World War II.

Writer Rex Stout, chairman of the Writers' War Board and representative of Freedom House, would rebut the most entertaining lies of the week. Sponsored by Freedom House and Philco, the 15-minute weekly series was broadcast Sundays at 7 p.m. ET through October 18, 1942, then Fridays at 7:15 p.m. ET through its final broadcast October 8, 1943.

"Secret Weapon was designed to whip up and excite the nation to a greater war effort — in industry in buying war bonds, in every avenue toward victory," said series creator Sue Taylor White of Freedom House.

➦In 1945....Radio brought news of the dropping of a second atomic bomb which caused Japan’s surrender ending World War II. The US Air Force exploded a nuclear device over Nagasaki, instantly killing an estimated 39,000 people. The explosion came just three days after a similar atomic bomb was dropped on Hiroshima.

Thursday, August 8, 2024

Quarterly Loss Surges At iHeartMedia


Podcast revenue at iHeartMedia rose 8 percent in the company’s second quarter, compared to same quarter last year, to reach $104.5 million, according to The Hollywood Reporter

Overall revenue in the digital audio group, which includes podcasting, rose 10 percent to reach $286 million. That group propelled revenue growth at iHeartMedia, which otherwise saw its consolidated second quarter revenue up 1 percent, to reach $929 million, slightly above its guidance of being approximately flat. Excluding political revenue, revenue for the second quarter was flat. 

Multiplatform revenue, which includes iHeartMedia’s broadcast radio networks and events business, fell $20.0 million, or 3.4 percent, due to a decrease in broadcast advertising “in connection with continued uncertain market conditions,” which the company says was partially offset by an increase in non-cash trade revenues and political revenues.

iHeartMedia reported an operating loss of $910 million compared to $897 million in Q2 2023. This includes a non-cash impairment charges of $920 million in Q2 2024 and $961 million in Q2 2023.

“Our second quarter results mark the first quarter that our consolidated revenues increased year-over-year since Q4 2022. We continue to see strong momentum in our podcast business, our Digital ex. Podcast business, and have seen sequential improvement of our Multiplatform Group’s year-over-year revenue performance,” said Bob Pittman, chairman and CEO of iHeartMedia, Inc. “This performance is built on iHeartMedia’s strong and unparalleled audience and demonstrates the progress we are making in maximizing the monetization of it.”