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Friday, February 2, 2024
Charlotte Radio: Maney and LauRen Show Adds Two Markets
Beasley Media Group has announced The Maney and LauRen Morning Show, currently featured on KISS 95.1 (WNKS-FM), in Charlotte will now be heard on HD 98.3 in Augusta, Georgia and My Kiss 93.5 in Fayetteville, North Carolina beginning on Monday, February 5, 2024.
Maney and LauRen have been waking up listeners on Kiss 951 in Charlotte for nearly 10 years. The duo is best known for connecting with their loyal listeners in a real and relevant way about their life, family, and own experiences on daily basis!
“Maney & LauRen are a great tandem, sharing their lives with the audience and delivering a show that’s fun, relevant, entertaining, and engaging,” said Beasley Charlotte Vice President and Market Manager Mac Edwards. “I’m excited listeners in Augusta and Fayetteville will now get to wake up with M&L every morning!”
“Maney & LauRen are a top performing Morning Show brand in Charlotte,” said Beasley Media Group Vice President of Music & Entertainment and Charlotte Operations Manager, John Reynolds. “We decided that this was the right time to begin expanding their brand and content in the southeast. Their personal connection to their audience is the secret sauce that sets radio apart from other competitors.”
“LauRen and I couldn’t be happier to deliver laughs, drama and yes, even some tears to a whole new audience,” said Maney. “We want to thank Mac Edwards, John Reynolds, Beasley Chief Content Officer Justin Chase and KISS Program Director Cameron Moore for their support and help making this happen!”
Audacy Expands Partnership with Dana Carvey and David Spade
Audacy has announced the launch of “Superfly,” a new weekly spinoff of the critically acclaimed chart-topping comedy podcast “Fly on the Wall,” both created and hosted by Dana Carvey and David Spade.
“Superfly” will launch on Friday, February 2, 2024, on the Audacy app, YouTube, and everywhere podcasts are available. New episodes will be released weekly in the “Fly on the Wall” feed every Friday. Follow the show here. Visual trailer here.
On “Superfly,” Carvey and Spade will riff on current events, pop culture, social clips, and audience submissions with their trademark hilarity, absurdity, and impressions, with guests appearing from time to time.
Radio History: February 2
| Freeman Gosden and Charles Correll |
➦In 1890...Charles James Correll born in Peoria, IL (died at age 82 September 26, 1972). He and Freeman Gosden gave birth to the 1930’s radio sensation ‘Amos ‘n’ Andy’. The two developed ‘Sam & Henry’ in 1926 for WGN Chicago, which they renamed ‘Amos ‘n’ Andy’ when they jumped to WMAQ in 1928. They would be staples of network radio for more than 30 years, with Correll throughout portraying Andy Brown. Later, for the early TV cartoon show ‘Calvin & the Colonel,’ he was the voice of Calvin.
➦In 1940...Frank Sinatra made his professional singing debut with the Tommy Dorsey Orchestra. He is one of the best-selling music artists of all time, having sold more than 150 million records worldwide.
➦In 1946... the radio quiz show “Twenty Questions” debuted on the Mutual network. Bill Slater was the quizmaster, and newscaster Fred Vandeventer, his wife Florence & son Bobby made up the panel. The latter two adopted different surnames to mask the nepotism. it was a major Monday night hit via delayed broadcast on CKWX Vancouver. The show ran for 8 years on radio & 6 more on TV.
Radio listeners sent in subjects for the panelists to guess in 20 questions.
➦In 1958...‘Frontier Gentleman‘ starring John Dehner debuted on CBS Radio. Frontier Gentleman is a short-lived radio Western series originally broadcast from February 2 to November 16, 1958,
➦In 1959...Buddy Holly, Ritchie Valens and the Big Bopper made what turned out to be their last public appearances at the Surf Ballroom in Clear Lake, Iowa. They died in a plane crash a few hours later. Admission to the show was just $1.25. On September 6, 2011, The Surf Ballroom was added to the National Register of Historic Places
| Ritchie Valens, The Big Bopper, Buddy Holly |
Holly, Valens and Richardson left The Surf immediately after the show, going to the nearby Mason City airport and chartering a small plane to take them to Fargo, North Dakota to prepare for their next show at the Moorhead Armory in Moorhead, Minnesota.
The plane took off at 12:55 AM Central Time on Tuesday February 3, 1959. Shortly after takeoff, young pilot Roger Peterson, in a combination of spatial disorientation and misinterpretation of a flight instrument, flew the plane into the ground, killing everyone aboard. According to the report, Peterson was not certificated to fly commercially at night, nor was he qualified to fly in the adverse weather (IFR) conditions which prevailed at the time of the flight. Although Peterson underwent formal IFR training, he failed his final check ride weeks before the accident.A concrete monument was erected outside The Surf, and the ballroom is adorned with large pictures of the three musicians. A street flanking the facility's east property line is named Buddy Holly Place in his honor.
Thursday, February 1, 2024
SiriusXM Earnings: Revenue Remains Relatively Flat
SiriusXM today announced fourth quarter and full-year 2023 operating and financial results, including revenue of $2.29 billion and $8.95 billion, respectively, which remained relatively flat compared to the same periods in 2022. The company recorded net income of $352 million and $1.26 billion in the fourth quarter and full-year 2023, respectively, compared to $365 million and $1.21 billion in the prior year, respectively. Net income per diluted common share was $0.09 and $0.32 in the fourth quarter and full-year 2023, respectively.
In the fourth quarter of 2023, adjusted EBITDA totaled $715 million, a 4% decrease from the $742 million recorded in the same period in 2022. Full-year 2023 adjusted EBITDA of $2.79 billion declined slightly at 2% when compared to the prior year.
In the fourth quarter of 2023, the company generated $445 million in free cash flow compared to $529 million in the prior year period. Full-year 2023 free cash flow was $1.20 billion, compared to $1.55 billion in the preceding year. The decrease in free cash flow was primarily attributed to higher capital expenditures driven by satellite construction and investments in the company’s products and technology platform as well as higher cash taxes paid.![]() |
| Jennifer Witz |
“Our fourth quarter financial results speak volumes about our resilient performance,” said Tom Barry, Chief Financial Officer. “In the year ahead, we see opportunities for further cost efficiencies and to streamline our business in new and innovative ways. We plan to maintain our long-term target leverage ratio of mid-to low-3 times adjusted EBITDA, with a plan to return to this range in the second half of 2025 following our expected closing of the announced transaction with Liberty Media this summer. While we anticipate a focus on deleveraging, we will continue our dividend policy and remain opportunistic on share repurchases,” added Barry.
Total Subscribers of 34 Million
SiriusXM added approximately 131,000 new self-pay subscribers in the fourth quarter of 2023. For the full-year 2023, self-pay subscribers decreased by 445,000 and we ended 2023 with approximately 34 million total subscribers. Paid promotional subscribers declined by 225,000 during the fourth quarter of 2023; however, paid promotional subscribers increased by approximately 15,000 for the full-year 2023. The total vehicle trial funnel stood at approximately 7.2 million at the end of 2023, up from 6.8 million at the end of 2022 but down from 7.5 million at the end of the third quarter 2023. Self-pay monthly churn for 2023 remained low at 1.6%.
Full-Year Gross Profit of $4.2 Billion
Total cost of services at SiriusXM was $2.7 billion for 2023, a 2% increase compared to the prior year. Gross profit at SiriusXM in 2023 totaled $4.2 billion, a decrease of 3% compared to $4.3 billion recorded in 2022, producing a gross margin of 61%, one percentage point lower than the prior year.
Audacy Lays-Offs 25 Percent of Pineapple Staffers
Audacy, the Philadelphia-based audio content provider currently undergoing Chapter 11 bankruptcy reorganization, confirmed Wednesday that it has cut about a quarter of the staff at its Pineapple Street Studios podcast division.
The news was first reported by Bloomberg.
According to The Philadelphia Business Journal citing a source familiar with the situation, the Pineapple cuts amount to 12 positions and continue an optimization plan put in place last summer that saw Audacy eliminate 14 jobs at one of its other podcasting studios, Cadence13.
Pineapple produces podcasts hosted by the likes of comedian Trevor Noah and journalist Ronan Farrow, as well as several focused on hit television shows such as HBO's "Succession" and "The Last of Us."
Cadence13 podcasts have included those produced for sportscaster Stephen A. Smith, NASCAR driver Dale Earnhardt Jr., historian Jon Meachum, and "Saturday Night Live" alums Dana Carvey and David Spade, as well as several popular true crime shows.The podcasting business has been negatively impacted by several factors over the past year, including the SAG-AFTRA strike, tighter marketing budgets and waning demand for limited-run, narrative series.
“We are continuing to optimize our structure to align with the podcast market opportunity and set us up for continued growth,” an Audacy spokesman said in a statement. “Unfortunately, that means reducing the size of some of our teams, and we have made the difficult decision to reduce a portion of our Pineapple staff.”
While Audacy did not acknowledge it, the layoffs will also assist the company with what could be aggressive cost-cutting goals when it emerges from bankruptcy. As part of a prepackaged deal reached with a “supermajority” of its debtholders, Audacy will eliminate most of the $1.9 billion it owes through the Chapter 11 process. The creditors, in turn, will take control of the company.
Despite the reduction in debt, Audacy is expected to continue streamlining the cost centers of its operations. That includes personnel and real estate. The company recently sold a property in Phoenix for $10.5 million.
Audacy made its first major play in the podcasting space in August 2019, when it was still known as Entercom Communications Corp., by acquiring Pineapple and the 55% of Cadence13 that it didn’t already own. Financial terms of the transactions were not disclosed, though the Wall Street Journal reported that the Pineapple deal was worth $18 million and Cadence13 nearly $50 million.
Audacy followed those moves up with the acquisition of sports-betting technology and analytics firm QL Gaming Group for $32 million and podcasting ad-tech platform Podcorn as it looked to diversify its holdings after being focused largely on terrestrial radio.
Audacy owns more than 200 radio stations across the country and has faced sagging advertising revenue and rising debt since its 2017 acquisition of CBS Radio.
St. Louis Radio: Listeners Rally to Support Embattled Ex-DJs At KDHX
More than 80 protesters rallied outside KDHX 88.1 FM Wednesday evening in an effort to let the station's newly added disc jockeys know about their grievances.
Inside the station, management and the station's all-volunteer DJs were having their first-quarter meeting, said spokesman Colin Dale.
The St. Louis Post-Dispatch reports the listener-supported community radio station has been roiled since it fired 10 DJs one day in September. That followed the dismissal of two others in August and one more last February. More than 20 other volunteers resigned or said they went on strike in protest of the firings.
The station has slots for 80 two- or three-hour shows. Some of the people who resigned were multiple hosts on the same show; a few others were involved in production and were not heard on the air.The station has brought in 26 new DJs to fill the empty slots, though a number of shows are still being filled with music programmed by staff volunteers but played without an announcer.
The DJ known as Ital K said the group is asking for three things: The dismissal of Executive Director Kelly Wells and Board of Directors president Gary Pierson, the reinstatement of all the DJs who were fired or left and the seating of the three members of the board who were voted in by the volunteers' association in September.
The board has refused to seat the three, claiming that the meeting at which they were elected was invalid because it had not been called by the Board of Directors.
In a statement, Dale said, "In recent months, we have welcomed 26 diverse new DJs to our airwaves. In turn, we have grown our listenership, and are grateful to welcome hundreds of new donors who support our vision to use music to connect our region.
"It’s unfortunate that some former volunteers continue to create confusion and turmoil. KDHX relies on community support. We hope this passion for our station will be directed in more positive ways moving forward."
Neuhoff Media To Exit Radio Business
Neuhoff Family Limited Partnership, the parent company of Neuhoff Media-Decatur, LLC and Neuhoff Media-Danville, LLC has announced it has entered into an agreement to sell the assets of WSOY-AM/WSOY-FM, WCZQ-FM, WDZ-AM, WDZQ-FM and NowDecatur.com in Decatur, IL and WDAN-AM, WDNL-FM, WRHK-FM and VermilionCountyFirst.com in Danville, IL to Champaign Multimedia Group.
This transaction is part of an overall strategic decision on behalf of the Neuhoff family to depart the broadcast industry after nearly 70 years, according to Julian Hickman and Makena Neuhoff, trustees of the Neuhoff family.
Hickman commented, “We are proud of what broadcast ownership has meant to our family, our employees, and the markets we serve. Our grandfather, Roger Neuhoff, began his ownership in the business during the mid-1950s. He loved the broadcast industry and was proud of the way our radio and television stations served their local communities.”
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| Makena Neuhoff |
“We are pleased to see the iconic local media brands of Neuhoff Media’s Danville and Decatur markets all brought together through this historic transaction with the Champaign Multimedia Group,” said Neuhoff Media President Mike Hulvey. “The next chapter for the Danville and Decatur radio stations and digital platforms will create something very special for each community,” added Hulvey.
The timing of this announcement aligns with the formal filing of an ownership change application with the Federal Communications Commission.
The company expects to make additional announcements regarding future agreements as the Neuhoff divestiture process moves forward.
Neuhoff Family Limited Partnership and its local companies own and operate 24 broadcast signals, along with multiple digital platforms, in five radio markets across central Illinois and west central Indiana.
Kalil & Co., Inc. acted as the exclusive broker for this transaction.
Radio Hall Accepting Suggestion for 2024 Nominations
The Museum of Broadcast Communications announces that the RADIO HALL OF FAME Nominating Committee will accept suggestions for 2024 nominees beginning Thursday, February 1, 2024, through Sunday, March 31, 2024, at 11:59pm PST. To submit suggestions for possible honorees for consideration by the Radio Hall of Fame Nominating Committee, please visit https://www.radiohalloffame.com/nominate.
24 names will be selected as nominees to be voted upon by industry personnel later this year, leading to the selection of the 2024 Radio Hall of Fame Induction Class. The induction will take place later this fall, with information on this year’s induction ceremony coming this spring.
Dennis Green, Co-Chairman of the Radio Hall of Fame, stated: “We look forward to learning the names suggested for nomination to the Radio Hall of Fame from around the country. There are so many that are deserving of this recognition. It is an honor to lead the committee in selecting those who have made their mark contributing to radio’s rich history and who will comprise the nominees for the Class of 2024.”
Kraig T. Kitchin, Co-Chairman, Radio Hall of Fame, commented: “The input from fellow radio industry members and listeners alike helps our Nominating Committee contemplate so many more individuals worthy of a nomination. We’re grateful for the input and the ideas offered.”
The Radio Hall of Fame was founded by the Emerson Radio Corporation in 1988. The Museum of Broadcast Communications took over operations of the Hall in 1991.
Is The Allen Offer A Real Deal?
Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC on Wednesday that he has the money to finance a deal, despite skepticism around his deal-making.
“This deal lives or dies at the [Federal Communications Commission],” he added.
Allen, the founder and CEO of a media group that owns dozens of television networks across the U.S., offered $30 billion for all of Paramount’s outstanding shares, including debt and equity.
The Allen Media Group said in a statement the offer “is the best solution for all of the Paramount Global shareholders, and the bid should be taken seriously and pursued.”
Allen has a long history of making offers on major media assets. But bidding doesn’t mean buying. His bid for Paramount is the most ambitious of the deals the media mogul has tried to complete.
Here are some of his recent deal attempts:
Reports of AI-Generated Child Abuse Content Is Growing Risk
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| Meta's CEO Mark Zuckerberg, X Corp's CEO Linda Yaccarino,TikTok's CEO Shou Zi Chew and Discord's CEO Jason Citron are sworn in during committee hearing |
The U.S. National Center for Missing and Exploited Children (NCMEC) said it had received 4,700 reports last year about content generated by artificial intelligence that depicted child sexual exploitation.
The NCMEC told Reuters the figure reflected a nascent problem that is expected to grow as AI technology advances.
In recent months, child safety experts and researchers have raised the alarm about the risk that generative AI tech, which can create text and images in response to prompts, could exacerbate online exploitation.
The NCMEC has not yet published the total number of child abuse content reports from all sources that it received in 2023, but in 2022 it received reports of about 88.3 million files.
"We are receiving reports from the generative AI companies themselves, (online) platforms and members of the public. It's absolutely happening," said John Shehan, senior vice president at NCMEC, which serves as the national clearinghouse to report child abuse content to law enforcement.
The chief executives of Meta Platforms, opens new tab, X, TikTok, Snap, opens new tab and Discord testified in a Senate hearing on Wednesday about online child safety, where lawmakers questioned the social media and messaging companies about their efforts to protect children from online predators.
Researchers at Stanford Internet Observatory said in a report in June, opens new tab that generative AI could be used by abusers to repeatedly harm real children by creating new images that match a child's likeness.
Content flagged as AI-generated is becoming "more and more photo realistic," making it challenging to determine if the victim is a real person, said Fallon McNulty, director of NCMEC's CyberTipline, which receives reports of online child exploitation.
OpenAI, creator of the popular ChatGPT, has set up a process to send reports to NCMEC, and the organization is in conversations with other generative AI companies, McNulty said.
2/1 WAKE-UP CALL: Prez Poll..Gender Gap Widens
As signs point to the 2024 presidential election being a repeat of the 2020 race between President Joe Biden and former President Donald Trump, Biden holds a lead over Trump 50 - 44 percent among registered voters in a hypothetical general election matchup, according to a Quinnipiac University national poll of registered voters released today. In Quinnipiac University's December 20, 2023 poll, the same hypothetical 2024 general election matchup was 'too close to call' as President Biden received 47 percent support and former President Trump received 46 percent support.
In today's poll, Democrats (96 - 2 percent) and independents (52 - 40 percent) support Biden, while Republicans (91 - 7 percent) support Trump. Women 58 - 36 percent support Biden, up from December when it was 53 - 41 percent. Men 53 - 42 percent support Trump, largely unchanged from December when it was 51 - 41 percent.
➤CEASE-FIRE DEAL: U-S. negotiators want a cease-fire deal in Gaza long enough to stall Israel’s military momentum and potentially lead to a more lasting truce, according to U.S. and Arab officials familiar with the negotiations. Israel and Hamas are considering a three-part deal that would release hostages in Gaza beginning with a six-week pause in fighting, according to a draft of the agreement. Israeli Prime Minister Benjamin Netanyahu has been dodging the question of who should govern Gaza after Hamas. Meanwhile, funding cuts from the U.S. and international donors will likely hit the U.N. Relief and Works Agency over the coming month, adding to the humanitarian crisis in Gaza.
WATCH: Fox’s @JacquiHeinrich: “We did not see President Biden today - the only event on his public schedule was lunch with the Vice President.”
— TV News Now (@TVNewsNow) January 31, 2024
“But behind closed doors, officials are waiting for the right time to hit back [on Iran] over the deaths of three American soldiers.” pic.twitter.com/xrOKXfvrfB
➤ISRAEL WANTS U-N AGENCY CLOSED: Israeli Prime Minister Benjamin Netanyahu called on Wednesday for the closure of the U.N. Palestinian refugee agency (UNRWA) as his forces conducted more air strikes in Gaza amid diplomatic efforts for a ceasefire and release of hostages in the enclave.
Israel has accused some UNRWA staff of involvement in the Oct. 7 Hamas assault in southern Israel that triggered the war in Gaza. Donors including the United States have paused funding pending an investigation, but aid agencies say ending UNRWA operations would wreck humanitarian efforts in devastated Gaza. The Palestinians have accused Israel of falsifying information to tarnish UNRWA, which was set up to help refugees of the war at Israel's founding in 1948 and to which more than half Gaza's population look to for day-to-day assistance. "It's time the international community and the U.N. itself understand that UNRWA's mission has to end," Netanyahu told visiting U.N. delegates, according to his office.
The parents of Spc. Kennedy Ladon Sanders, one of three U.S. reservists from Georgia killed in the drone strike in Jordan, received a phone call from President Biden, offering condolences and promoting her posthumously to sergeant. Read more: https://t.co/yy4cOp0BIg pic.twitter.com/uX3optmWls
— Atlanta Journal-Constitution (@ajc) January 31, 2024
➤RUSSIA BOMBS HOSPITAL: A Russian bomb struck a hospital in northeastern Ukraine on Wednesday, smashing windows and equipment and prompting the evacuation of dozens of patients, regional officials said. Volodymyr Tymoshko, head of the Kharkiv regional branch of the national police, said one bomb scored a direct hit on the hospital at about 9:45 p.m. in the town of Velykyi Burluk, northeast of Kharkiv. A second bomb landed nearby. Writing on Facebook, he said 38 people were evacuated from the facility, all but five of them patients and two confined to hospital beds.
Regional Governor Oleh Synehubov, writing on Telegram, said emergency teams conducted cleanup operations well into the night and four people were treated for slight injuries at the site. Synehubov said quick action by hospital staff in response to air raid alerts ensured a smooth evacuation. Patients were sent to other facilities or switched to outpatient treatment.
Fears of a wider war are growing amid escalating tensions in the Middle East. CBS News’ @Debora_Patta traveled to a town on the Israel-Lebanon border where Israeli troops and Iranian-backed Hezbollah fighters have exchanged fire. pic.twitter.com/W2l1UNkm0F
— CBS Evening News (@CBSEveningNews) February 1, 2024
➤NATO TO PREP FOR TRUMP RETURN: The prospect of Donald Trump returning as president is prompting some U.S. allies in Europe to push their neighbors to increase defense budgets. The former president has criticized them for insufficient military spending. Defense ministers will discuss at upcoming EU and NATO meetings how to prepare for a potential new U.S. administration, but they are struggling to agree on the steps to take, say people involved in the discussions. Trump’s campaign website advocates re-evaluating NATO’s mission. Many European leaders worry about a severe threat to the postwar order because NATO, which turns 75 in April, has allowed the continent to focus on economic development, confident that the U.S. would repel threats from Moscow or elsewhere.
➤THE FED SHIFTS ON INTEREST-RATES: The Fed formally shifted its interest-rate outlook, providing flexibility to lower rates in the coming months if it is convinced inflation hazards have recededAs expected, the central bank left its benchmark federal-funds rate in a range between 5.25% and 5.5%, where it has been since July. The Fed signaled that the change shouldn’t imply a rate cut is imminent. The central bank began raising rates from near zero in March 2022; in July 2023, rates hit their highest level since 2001. Fed officials don’t want to move too slowly and have the economy crumple under the weight of higher interest rates, causing millions of people to lose their jobs, nor can they risk easing rates too much and too soon, which would allow inflation to flare up again.
➤SOCIAL MEDIA CEOs GRILLED BY CONGRESS: In the middle of a heated Senate hearing Wednesday on the dangers of social media, Meta CEO Mark Zuckerberg stood, turned around and faced families who have accused his platforms — Facebook and Instagram — of harming their children. It was a rare public apology, and it comes amid scathing criticism from lawmakers and child advocates who say the industry for years has failed to protect its most vulnerable users from abuse and exploitation. In bipartisan unison throughout the hearing, Congress chastised the leaders of some of the nation's top social media companies and called on them to take immediate steps to protect children and teens online.
Former Pres. Trump is increasing pressure on Republicans to reject the bipartisan border security bill that’s been in the works for months, but Senate Republican leaders are pressing forward. Rachel Scott has more. https://t.co/DMxskR3Wjb pic.twitter.com/vqe3ivfK5O
— World News Tonight (@ABCWorldNews) February 1, 2024
➤TEXAS TOWN SHAKEN OVER BORDER BATTLE: As the biggest forces of global migration, constitutional law and election-year politicking roil America, perhaps nowhere is more shaken than tiny Eagle Pass, Texas. Shelby Park, once a riverfront picnic spot, has become a militarized outpost — a city park where state officials face off with federal authorities over who will control international migration. In recent weeks, the city has found itself a discomfiting tourist destination for out-of-town visitors who want to lay eyes on the border themselves, a show of solidarity in what they see as an Abbott-Biden standoff.
➤BOSTON HOUSES MIGRANTS IN REC CENTER: The city of Boston is repurposing a city recreation center as an overflow emergency shelter for migrants. Migrant families who had nowhere else to go had been staying for weeks at Logan Airport. Activities that had been offered at The Cass Center in the city’s Roxbury neighborhood are being relocated to create a shelter for some 100 families. Massachusetts Governor Maura Healey said the state has eight or nine other similar emergency shelters operating in the state.
➤NY GOV INSISTS DEPORTATION IS ON THE TABLE: Republican pols are lining up to demand that the rowdy migrants nabbed in a caught-on-camera attack on two NYPD cops in Times Square get deported — as Gov. Kathy Hochul said it’s something that should certainly be “looked at.”
Paramount Board To Consider Allen Offer
Paramount has taken initial steps toward a possible sale of the entertainment giant – even as media mogul Byron Allen submitted $14 billion buyout bid.
The NY Post reports the company’s board has formed an independent committee outside of Shari Redstone — the media heiress who owns a controlling stake in Paramount — to consider strategic alternatives including a possible auction of the company, two sources close to the situation said.
The board’s move comes as comedian-turned-investor Allen, who also owns the Weather Channel, said he made a $14.3 billion offer to buy all of the outstanding shares of Paramount Global. The firm also offered to assume Paramount’s $15.6 billion in debt.Shares of Paramount Global — which in addition to its namesake movie studio owns CBS and cable networks including MTV, BET, Nickelodeon and Comedy Central — rose more than 6% Wednesday.
Nevertheless, some were skeptical whether Allen’s bid will result in a deal.
“I like the fact Byron is offering all Paramount shareholders a premium,” legendary investor Mario Gabelli told The Post on Wednesday. “But show me the money. You don’t know where Byron is getting the money from.”
Gabelli, who owns a stake in National Amusements — the holding company that controls Paramount with an 80% voting stake — added that he couldn’t confirm specifically whether Paramount had formed an independent committee to explore strategic alternatives.
If Allen manages to buy the company, he plans to sell the Paramount film studio, real estate and other intellectual property while keeping the TV properties, including its Paramount+ streaming service, and run them on a more cost-efficient basis, according to a source briefed on Allen’s plans.
MAGA Supporters Going Bonkers Over Taylor Swift
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| Taylor Swift |
The protest surrounding the world’s biggest pop icon — and girlfriend of Travis Kelce, the Chiefs’ star tight end — reached the stratosphere after Kansas City made it to the Super Bowl for the fourth time in five years, and the first time since Swift joined the team’s entourage.
The NY Times reports the conspiracy theories coming out of the Make America Great Again contingent were already legion: that Ms. Swift is a secret agent of the Pentagon; that she is bolstering her fan base in preparation for her endorsement of President Biden’s re-election; or that she and Mr. Kelce are a contrived couple, assembled to boost the N.F.L. or Covid vaccines or Democrats or whatever.
The pro-Trump broadcaster Mike Crispi led off on Sunday by claiming that the National Football League is “rigged” in order to spread “Democrat propaganda”: “Calling it now: KC wins, goes to Super Bowl, Swift comes out at the halftime show and ‘endorses’ Joe Biden with Kelce at midfield.”
The right has been fuming about Swift since September, when she urged her fans on Instagram to register to vote, and the online outfit Vote.org reported a surge of 35,000 registrations in response. Swift had embarked on a world tour that helped make her a billionaire. Gavin Newsom, the California governor, praised her as “profoundly powerful.” And then Time magazine made her Person of the Year in December, kicking off another round of MAGA indignation.Other accusations appear to be driven by fear and grounded in some truth, or at least in her command of her 279 million Instagram followers: that she has enormous influence, and has supported Democrats in the past. For much of her extensive music career, Swift avoided politics, but in 2018, she endorsed two Democrats in Tennessee, where she owns two homes: former Gov. Phil Bredesen, who was running for the Senate against then-Representative Marsha Blackburn, and Jim Cooper, a House member who has since retired.
Megyn Kelly Rips E Jean Caroll Over MSNBC Shot
Megyn Kelly slammed E. Jean Carroll after she told Rachel Maddow she would share some of her $83 million windfall from suing Donald Trump with the left-leaning MSNBC anchor.
“This is the kind of clip that could win Trump the election,” Kelly wrote on her X social media account in response to the clip.
Carroll appeared alongside two of her lawyers — Roberta Kaplan and Shawn Crowley — on Maddow’s Monday night talk show to discuss the verdict handed down in her defamation lawsuit against the former president in a Manhattan court last week.
This is the kind of clip that could win Trump the election. https://t.co/1tLsBAcWYO
— Megyn Kelly (@megynkelly) January 30, 2024
The $83 million award followed a $5 million sexual assault and defamation verdict last year from another jury in a case brought by Carroll against Trump.
St. Louis Radio: KMOX Adds “The Other Side of Midnight”
Red Apple Audio Networks has announced The Other Side of Midnight with Frank Morano has been picked up for five days a week by KMOX, St. Louis.
“Steve is one of the most respected programmers in radio, and we’re excited that he is adding The Other Side of Midnight with Frank Morano to his on-air lineup,” stated Glen Tacinelli, Vice President.
“I’m excited to join the KMOX line-up and bring live programming to overnights in St. Louis,” said Morano. “St. Louis is a terrific market and KMOX is a legendary talk station, with an incredible audience and history that goes back nearly a century. I'm looking forward to being a big part of their history when the chapter on their next century is written. We’re going to have a blast.”
The Other Side of Midnight with Frank Morano is available exclusively from Red Apple Audio Networks.


























