Tuesday, August 21, 2018

Cumulus Media Reports Drop In Net Revenue

Cumulus Media Inc. Monday announced operating results for the three and six months ended June 30, 2018. Highlights:
  • Fresh out of a Chapter 11 reorganization, Cumulus Media (NASDAQ:CMLS) has posted Q2 earnings where revenues and EBITDA declined slightly Y/Y.
  • Net income of $706.1M included an after-tax gain of $671M associated with its emergence from bankruptcy (in a plan that became effective June 4).
  • Key operating performance measures and financial results weren't materially affected by the reorganization, Cumulus says.
  • “In the second quarter, we emerged from Chapter 11 with new and supportive ownership, a billion dollars less debt and results that demonstrate our operational and financial momentum, despite industry challenges and the distractions posed by our Chapter 11 proceedings," says CEO Mary Berner.
Results for the 2018 periods reflect the combined results of the Successor and Predecessor Companies in connection with the Company's emergence from Chapter 11.

For the three months ended June 30, 2018, the Company reported:
  • Net revenue of $285.2 million, down 1.8% from the three months ended June 30, 2017
  • Net income of $706.1 million
  • Adjusted EBITDA of $66.4 million, which was down 1.5% from the three months ended June 30, 2017. 
For the six months ended June 30, 2018, the Company reported:
  • Net revenue of $548.9 million, down 1.0% from the six months ended June 30, 2017
  • Net income of $701.1 million
  • Adjusted EBITDA of $106.6 million, which was up 0.5% from the six months ended June 30, 2017. 
Net income for the three and six months ended June 30, 2018 included after-tax gains associated with the Company's emergence from Chapter 11 of $671.0 million and $641.0 million, respectively.

Mary Berner
Mary Berner, President and Chief Executive Officer of Cumulus Meida said, “In the second quarter, we emerged from Chapter 11 with new and supportive ownership, a billion dollars less debt and results that demonstrate our operational and financial momentum, despite industry challenges and the distractions posed by our Chapter 11 proceedings. Normalizing those results for $4.8 million of write-offs related to United States Traffic Network’s well-publicized financial problems, our Adjusted EBITDA grew in the quarter by 5.5%.”

Berner continued, “Looking forward, we are excited about the potential of our digital products, improved pricing and inventory management across the entire platform and our young but fast-growing podcasting business to supplement the performance of our core business. These growth drivers, combined with our continued focus on operating fundamentals, our reduced debt load, our ability to generate significant free cash flow and our renewed focus on optimization of our portfolio of assets, position us well to build substantial shareholder value in the quarters and years to come.”

Camila Cabello Beats Beyonce, Drake For Top VMA Prizes

Camila Cabello
Cuban-born Camila Cabello beat out heavy hitters Beyonce, Bruno Mars and Drake to take home the two top prizes at the MTV Video Music Awards (VMAs) on Monday, reports Reuters.

Cabello, 21, was chosen artist of the year and won video of the year for her Latin-flavored hit “Havana,” while rapper Cardi B picked up wins for best new artist and song of summer for her dance hit “I Like It” with J Balvin and Bad Bunny.



“I can’t believe this is for me,” said Cabello, who split from girl group Fifth Harmony in late 2016 to launch a solo career.

New York rapper Cardi B, 25, made her first public appearance since giving birth to her first child in July. But the feisty “Bodak Yellow” singer failed to make good on her leading 10 nominations going into the show as fans spread their votes far and wide.

Post Malone
“A couple of months ago people were saying, you’re gambling your career by having a baby,” Cardi B said. “I had a baby ... and now I’m still winning awards.”

The biggest winner of the night was Childish Gambino, the music stage name of actor Donald Glover, who came away with three for his hard-hitting video “This Is America” about black identity and police brutality.

Canadian rapper Drake, one of the most popular artists in terms of sales and streaming, came away empty-handed, as did multiple Grammy winner Bruno Mars.

Other winners of the evening included Post Malone’s “Rockstar” taking the trophy for Song of the Year and Cardi B nabbing Best New Artist. Atlanta star and creator Donald Glover’s music video for “The Is America” snagged Best Video With a Message, Best Choreography, and Best Direction.

Other Highlights Include:
  • The Backstreet Boys performed at the pre-show. The guys – Howie D., Kevin Richardson, Nick Carter, AJ McLean, and Brian Littrell – took over the front of Radio City Music Hall to perform one of their new hits “Don’t Go Breaking My Heart.” Later on in the show, the guys hit the stage to present.
  • Rising star Hayley Kiyoko received the Push artist of the year, beating out SZA, Khalid, Lil Xan and several others. “This validates any queer woman of color that you can follow your dreams,” Kiyoko said in an impromptu interview on the pink carpet.
  • Cardi B kicked off the ceremony by cradling the VMAs signature trophy as if it were her child which led to a wet T shirt performance from Shawn Mendes as well as a Nicki Minajperformance that was very royal to go in line with her album Queen.
  • Tiffany Haddish and Kevin Hart opened the show by reassuring the crowd they could express themselves freely at the show, at least more freely than an NFL player can. “We are live coast-to-coast, people. I’m looking at this like it’s game day,” Hart said. “But do not worry. For this game, you’re allowed to kneel. You can do whatever the hell you want. There’s no old white man who can stop you.” They also had some zingers for people in attendance (“Jersey Shore is back and bigger than ever, which makes sense. Without treatment, that sort of thing will keep flaring up every couple of years.”) – but Hart saved his most pointed jab President Donald Trump. “You never know what’s going to happen at the VMAs,” he said. “Bad language, people run to the bathroom and send out crazy tweets. It’s basically like a typical day at the White House. In your face, Trump! Suck it!”
  • Haddish, meanwhile, mispronounced Camila Cabello’s name. “Y’all know I can’t read that good. I only speak English, and that’s mostly in Ebonics,”she quipped. Haddish then called out Cabello’s old band Fifth Harmony by saying they were at home watching instead of being invited to the show. Nicki Minaj stood up for her Fifth Harmony pal Normani and told Haddish when the rapper stepped on stage to accept an award, “Don’t be coming for Fifth Harmony because Normani is that b*tch!”
  • Travis Scott performed a medley of songs off of his new album Astroworld. Travis was joined by James Blake on stage where the two performed a medley of “Stargazing,” “Stop Trying To Be God,” and “Sicko Mode.”
  • Nicki Minaj performed a medley of her songs “Barbie Dreams” and “Majesty” during the nearly five-minute performance.
  • Panic! at the Disco, fronted lead vocalist Brendon Urie, commanded the crowd with a stellar performance of “High Hopes.” Brendon donned a black and gold floral suit as he opened the song on a rotating platform that descended into the crowd.
  • Ariana Grande performed her current single “God is a Woman” from her album Sweetener. The performance kicked off with a visual of The Last Supper featuring only women. At the end of the performance, Ari‘s mom Joan and her grandma Nonna came on stage.
  • Logic and Ryan Tedder hit the stage together to perform their track “One Day.” During the performance, Logic wore a shirt that read “F**k the Wall.” He was later joined by immigrant families wearing shirts that read “We Are All Human Beings,” and held up candles.
  • Jennifer Lopez was honored with the Video Vanguard Award and delivered a performance of current and past hits to remind us that she’s still Jenny from the Block. After the epic performance, the 49-year-old entertainer returned to the stage to accept the coveted award. After thanking her team and family, Jen gave her gratitude to boyfriend Alex Rodriguez. “And Alex. You’re like my twin soul. We’re like mirror images of each other,” Jen said. “My life is sweeter and better with you in it because you make me realize that every day the sky is not the limit – the universe is infinite, and so is what we can accomplish together with love and trust and understanding. There’s so much more to do – to experience – and there is no one I’d rather do it with. You’re my macho baby and I love you.”
  • Madonna, who recently celebrated her 60th birthday, made an appearance to not only present the award for Video of the Year but to serve as a conduit for an Aretha Franklin tribute. She shared a story of her early days as a struggling singer and dancer on how she was inspired by Franklin and how she “belted” out “Natural Woman” at an audition. She said the point of her story was that her career wouldn’t have happened if it weren’t “for our ‘Lady of Soul’.” “Thank you for empowering all of us,” she added. “Long live the queen.”
Post Malone ended the telecast with a performance with the legendary Aerosmith.
The 2018 MTV Video Music Awards is the second ceremony since MTV changed the “Moon Man” trophy name to the gender neutral “Moon Person.”

The Winners:

Video Of The Year: Camila Cabello ft. Young Thug – “Havana”
Artist Of The Year: Camila Cabello
Song Of The Year: Post Malone ft. 21 Savage – “rockstar”
Best New Artist: Cardi B
Best Collaboration: Jennifer Lopez ft. DJ Khaled & Cardi B – “Dinero”
Push Artist Of The Year: Hayley Kiyoko
Best Pop: Ariana Grande – “No Tears Left to Cry”
Best Hip Hop: Nicki Minaj – “Chun-Li”
Best Latin: J Balvin, Willy William – “Mi Gente”
Best Dance: Avicii ft. Rita Ora – “Lonely Together”
Best Rock: Imagine Dragons – “Whatever It Takes”
Video With A Message: Childish Gambino – “This Is America”
Best Cinematography: The Carters – “Apes**t” – Cinematography by Benoit Debie
Best Direction: Childish Gambino – “This Is America” – Directed by Hiro Murai
Best Art Direction: The Carters – “Apes**t” – Art Direction by Jan Houlevigue
Best Visual Effects: Kendrick Lamar & SZA – “All The Stars” – Visual Effects by Loris Paillier for
Best Choreography: Childish Gambino – “This Is America” – Choreography by Sherrie Silver
Best Editing: N.E.R.D & Rihanna – “Lemon” – Editing by Taylor Ward
Song Of Summer: Cardi B, Bad Bunny & J Balvin – “I Like It”
Michael Jackson Video Vanguard Award: Jennifer Lopez

Madonna’s Aretha Franklin Tribute Gets Backlash


The backlash was swift for Madonna’s rambling, egocentric tribute to Aretha Franklin at the MTV Video Music Awards, with media and Queen-of-Soul fans wondering why she got the gig in the first place.

Dressed in flowing black with grandiose flourishes of African jewelry, Madonna’s send-off came before she presented the video of the year award to Camila Cabello on Monday night. She spoke at length about her own start in the business and her own career before thanking Franklin for “empowering all of us. R.E.S.P.E.C.T.”

The Eagles Greatest Hits New All-time Seller


The Eagles’ greatest hits compilation featuring rock classics such as “Take It Easy” and “Witchy Woman” has dethroned Michael Jackson’s “Thriller” as the top-selling album of all time, according to Reuters citing industry data released on Monday.

The album, called “Their Greatest Hits 1971-1975,” has racked up sales or streams of more than 38 million since its release in February 1976, the Recording Industry Association of America said.

That knocked Jackson’s 1982 pop sensation, “Thriller,” with more than 33 million sales or streams, to second place. The No. 3 slot belongs to another Eagles album, “Hotel California,” at 26 million.

The Eagles formed in Los Angeles in 1971 and broke up in 1980. In 1994, they reunited with original band members Don Henley and Glenn Frey.

Frey died in 2016, but the band still tours with members who include Henley, Frey’s son Deacon, and country star Vince Gill.

Indy/Houston Radio: Charese Fruge Named CHR PD/Format Captain

Urban One has announced Charese Frugé as CHR Format Captain and Program Director for both Top 40 WNOW 100.9 RadioNow in Indianapolis and KROI 92.1 RadoNow in Houston. Frugé will be based out of Indianapolis but will be commuting back and forth to Houston.

Charese Fruge
“I’m very excited to be a part of the Radio One Family and to work with such great brands.” Frugé stated. “The leadership and talent in this company is inspiring and I am so thrilled to be working with DJ Riddler again in both markets. Programming in Houston again is bittersweet and Peyton Manning won a Super Bowl for Indy, a fantastic reminder that every day is game day in this business.”

In addition, DJ Riddler has been promoted to Assistant Program Director and Music Director for both WNOW and KROI. It’s a reunion for both who worked together previously at CBS Radio Tp 40 KKHH/Houston.

“I’m thankful for the opportunity that Urban One has given me and I’m excited to be re-united with Charese Fruge.” DJ Riddler tells FMQB. “I’m looking forward to helping strengthen the Radio Now brands in Houston and now in Indianapolis.”

Terri Thomas continues as Operations Manager for the Houston Market and as PD for Urban AC KMJQ (Magic 102.1) and Rhythmic Top 40 KBXX (97.9 The Box).

Denver Radio: KOSI Adds Jenny D to Morning Show


Bonneville International Corporation’s KOSI 101.1 FM Denver has announced the addition of crosstown KWOF-FM morning personality Jenny D to the KOSI 101.1 morning show as a co-host to current personality Sean Henry.

Jenny D
“As a Colorado native, wife, and mother to two young daughters, Jenny is the perfect addition to work alongside Sean, allowing us to create entertaining content that is limiting to a solo host.”

Remarked Lawson. “Her Enthusiasm, energy, personality and character will fit right in with our team,” added Lawson. This marks a return to the cluster as Jenny has worked as an air talent in the past at KYGO-FM.

Bonneville Denver VP/GM, Bob Call, said, “We have had our eye on Jenny ever since she interned with KYGO a decade ago. Listeners adore her as she brings the real life experiences of being a wife and a mom to the radio every morning. Denver is home for Jenny and we are excited she is making the jump up the dial to KOSI.

Jenny D added, “I am so excited to be joining the KOSI family! As someone who grew up here I have always loved the music and spirit of KOSI … now I get to add my crazy energy to an already amazing group of people!”

KOSI 101.1 Fm ( 100 Kw) Red=Local Coverage Area
Jenny joins KOSI after the Labor Day holiday.

Report: The Smart Speaker Race Is Heating Up

Thanks to its head start in the prospering smart speaker market, Amazon stayed on top of the competition in the second quarter of 2018. According to Statista's Felix Richter citing the latest estimates from market research firm Strategy Analytics, the e-commerce giant shipped 4.8 million Echo devices between April and June, edging out its closest competitor Google by 1.6 million units.

Having extended its smart speaker line-up last year, Google gained some ground on Amazon though, growing its market share from 16.1 percent in the second quarter of 2017 to 27.6 percent in Q2 2018. Apple meanwhile failed to break into the top 3 as the company shipped an estimated 700,000 HomePods in the three months ending June 30.

Overall, the smart speaker market continues to grow, with global shipments tripling from 3.9 million units in the second quarter of last year to 11.7 million units in this year's June quarter. The following chart shows that the race for the number one spot in the growing market is gradually heating up, as competitors slowly eat away at Amazon's once dominant lead.

NYC Radio:77 WABC Launches New Home Improvement Podcast

Dean and Derek
Cumulus Media announces that 77 WABC’s OG Podcast Network  has launched a new home improvement podcast, “Under Your Roof and In Your Backyard with Dean and Derek”.

The podcast’s premiere episode is “Improving the Value of Your Home”, where co-hosts and national home improvement experts Dean Marsico and Derek Stearns give useful advice on some of the things homeowners can do to help improve the value of their home, inside and out. The 45 minute podcast can be heard on 77 WABC’s OG Podcast Network. New episodes can be downloaded every Friday.

Co-hosts Dean and Derek are second generation tradesmen with over three decades of experience in the stone industry, and host national television shows “Rock Solid” and “Indoors Out” on Scripps Networks and appear on “Victory Garden” on PBS. That national platform led to over 200 television episodes under their tool belts, along with keynote speaking engagements, radio shows and appearances at trade schools across the U.S.

Craig Schwalb, Program Director, 77 WABC, said: “Dean and Derek are cousins, fascinating personalities, and just happen to know everything about home improvement. It is a real thrill to have their debut podcast on the OG Podcast Network.”

Dean and Derek said: “The OG Network has Cumulus Media behind it. That means broadcasting in 90 U.S. media markets with 245 million people reached each week through their 8000 broadcast radio stations. We wouldn’t consider any other choice for our new podcast.”

Beasley Names Podcast Captains


Beasley Media Group has unveiled the company’s newly created Podcast Captains. The team will be responsible for assisting the local markets in evaluating and partnering with local content providers, along with helping the company’s overall mission of building a larger podcast community.

Beasley Media Group Podcast Captains:
  • Mike Thomas/Program Director-WBZ-FM/98.5 The Sports Hub/Boston
  • Chuck Damico/Program Director- BEN-FM Philadelphia & Assistant Program Director/WMMR-FM/Philadelphia
  • Steve Black/WRIF-FM On Air Personality/ Detroit
  • Roy Brown/ KISS 95.1 Morning Personality/Charlotte
“We are thrilled to have our new Podcast Captains help lead our creative process as Beasley Media Group continues to develop and grow the company’s Podcast strategy,” said Beasley Media Group Vice President of Programming Buzz Knight.

WWOne Launching Scott Ferrall Betting Podcasts

Scott Ferrall
Westwood One is launching a new podcast series focused on sports betting. The podcast is called Ferrall on the Bets, featuring Scott Ferrall, host of CBS Sports Radio’s popular weeknight program Ferrall on the Bench. Ferrall will give bettors the lines and picks for all major games being played that day.

Starting August 28, Ferrall on the Bets will post six 30-minute original podcasts a week, Tuesday-Sunday, at 7:30 am EST, so listeners have the data they want to place the day’s bets. Listen to the Ferrall on the Bets trailer and subscribe to the show now on Apple Podcasts, Google Play, WestwoodOnePodcasts.com, Westwood One Podcasts App for iOS or Android.

“I am thrilled to offer bettors a free resource for picks,” said Scott Ferrall. “I watch as many games as I can, I check out all the lines. I love being the go-to predictor of the podcast world, and I thank Westwood One for the opportunity.”

“No one beats Scott Ferrall at this game! He is an adept sports handicapper,“ said Suzanne Grimes, EVP, Marketing for Cumulus Media and President of Westwood One. “Scott will be giving his sports bets predictions in a tight 30-minute format, and with his track record, that is time well spent.”

Scott Ferrall joined CBS Sports Radio from SiriusXM, where he hosted “The Scott Ferrall Show.” His background includes extensive experience across radio, television, and online, both nationally and locally. He has worked for SportsNet New York, several NHL properties, FOX Sports Radio, and Sportsfan Radio Network, as well as major market stations in New York, Los Angeles, San Francisco, Atlanta, Miami and Pittsburgh.

Follow on social media: Twitter: @ScottFerall and Instagram.

Lubbock Radio: Country KSSL Named 'Station of the Year'


The CMA of Texas has selected KSSL-FM as their "Radio Station of the Year" for 2019.

The organization states the selection was an easy one due to the station's commitment to playing a wide variety of country music spanning many different decades, including Western music and independent artists - true to the spirit of the CMA of Texas.

KSSL 107.3 FM / Translator K231BE 94.1 FM (Lubbock) is owned and operated by Cathy Whitten.

The station has recently received impressive awards including: "Station of the Year" by the Artist Music Guild; and "Station of the Year" by the Academy of Western Artists. As Cathy says, "we love to support local musicians including the Lubbock NOW Project."

The CMA of Texas in cooperation with KSSL-FM is making plans to extend its reach into West Texas and will be hosting scheduled audition shows in the area as early as November of this year. The listening area for the station includes Plainview, Floydada, Ralls, Abernathy, Littlefield, Levelland, Slaton, Brownfield. Tahoka. Post, Lamesa. Snyder and Rotan.

KSSL 107.3 FM (22 Kw) Red=Local Coverage Area
For a bit of history, the CMA of Texas was begun in the 70's by James White, owner of the Broken Spoke in Austin, TX. and his friend, Mr. Bud Fisher, a Waco DJ. With Mr. Fisher's death in 2008, Mr. Pat Grogan became the head of the association. In 2012, Mr. Grogan contacted Mary Minter to assist, and an official non-profit was formed in early 2013 registered in the State of Texas as the Country Music Artists Association.