Friday, February 1, 2019

Music, Gaming Drive Sony's Highest-Ever Quarterly Profit


Japan's Sony Corp raked in its highest-ever quarterly profit after booking one-time gains related to its acquisition of EMI, though shrinking earnings at the game division could further prompt investors to look for next growth drivers.

According to Reuters, Sony has reinvented itself as an entertainment company with stable revenue streams from music content and gaming, after battling years of losses in TV and other consumer electronics that are more susceptible to earnings volatility.

On Friday, Sony said its third-quarter profit increased to 376.99 billion yen ($3.46 billion) from 350.84 billion yen a year earlier.

Operating profit at its music business rose to 147.1 billion yen from 39.3 billion yen as it booked a one-time gain of 116.9 billion yen from the EMI deal.

Sony completed the $2.3 billion acquisition late last year to become the world's largest music publisher.

The gaming business posted a profit of 73.1 billion yen, versus 85.4 billion yen, as the popularity of exclusive titles such as "Marvel's Spider-Man" failed to offset shrinking sales of the five-year-old PlayStation 4 console.

Investors are already moving beyond their cheer over Sony's successful reinvention and looking for hints about a successor to the firm's PlayStation 4 console. "The gaming business, which has been Sony's profit driver in the last couple of years, is set to peak out ahead of the launch of the next gaming console," Ace Securities analyst Hideki Yasuda said. "That's inevitable due to product cycle."

St. Louis Radio: NHL Blues Moving To 101 ESPN


Beginning with the 2019-20 season, St. Louis Blues games will be heard on Sports WXOS 101.1 FM 101 ESPN.

The new four-year agreement has 101 ESPN carrying Blues games and creating new and engaging hockey content for fans through at least the 2022-23 season.

“We are excited to enter into a partnership with 101 ESPN to broadcast our games and to create exciting new Blues and hockey-related content for our fans,” said Steve Chapman, the Blues’ Executive Vice President and Chief Revenue Officer. “The partnership will allow us and 101 ESPN to reach new audiences and create numerous content opportunities that will help meet the demands of our loyal fan base. We are excited about what the future holds.”

With the move, fans can expect to hear Blues broadcasters Chris Kerber and Joey Vitale call the action live on 101.1 FM in addition to a variety of free online platforms, including stlouisblues.com, 101espn.com, the NHL App and 101 ESPN app, which are available for iOS and Android devices.

The partnership also promises a variety of new dedicated Blues content, including over-the-air shows, original hockey-oriented segments across five stations, online podcasts, video web casts, special events and more. Partnering with Hubbard Radio, which owns 101 ESPN, 105.7 The Point, KSHE 95, New Country 92.3 and 106.5 The Arch, gives the Blues plenty of unique cross-promotional opportunities.

“The 101 ESPN team and our Hubbard Radio St. Louis family are excited to be the new home for the St. Louis Blues,” said Brand Content Director Chris Neupert. “Our entire team is looking forward to the partnership with the St. Louis Blues and the opportunity to offer innovative content and exclusive interviews, analysis and coverage for St. Louis fans.”

“It has always been a dream to partner with the St. Louis Blues organization,” added John Kijowski, Hubbard St. Louis Vice President and Market Manager. “The Blues management team is a class act and their fans are the best in professional hockey.”

SiriusXM Radio To Air Eric Church Concerts


SiriusXM has announced that The Highway channel (56) will exclusively broadcast four live concerts from nine-time CMA and ACM Award winner Eric Church.

SiriusXM's The Highway channel will bring listeners on the Double Down Tour by airing four live concerts, from different cities, every Friday night in February.

Concerts to Broadcast on SiriusXM's The Highway:
  • TD Garden in Boston, MA on February 1
  • Target Center in Minneapolis, MN on February 8
  • Little Caesars Arena in Detroit, MI on February 15
  • US Bank Arena in Cincinnati, OH on February 22
Additionally, SiriusXM The Highway host Buzz Brainard will take his weekly Music Row Happy Hour show on the road, joining Eric Church fans at Cowboy Jack's in Minneapolis on February 8 and at Tin Roof in Cincinnati on February 22before each night's concert broadcast.

SiriusXM's live broadcasts from Eric Church's concerts will air every Friday in February at 8:00 pm local via satellite on channel 56 and through the SiriusXM app on smartphones and other connected devices, as well as online at siriusxm.com.

Eric Church hosts Outsiders Radio, his exclusive SiriusXM show, monthly on SiriusXM's The Highway. Outsiders Radio explores the country music singer/songwriter's personal music influences and plays his current favorites. Church also plays exclusive, never-before-heard music from his own archives.

The Highway plays new country music. Listeners will hear music from artists such as Eric Church, Jason Aldean, Kelsea Ballerini, Luke Combs, Thomas Rhett, Florida Georgia Line, Old Dominion and Maren Morris.

Would Trump Okay A Tech Wall?


Tech companies are increasingly bullish on building a "smart wall," which would incorporate new technologies to beef up security on the southern border.

According to The Hill, many firms see a potential windfall with both Democrats and Republicans floating the idea of tech improvements as an alternative to President Trump's call for a steel barrier on the U.S.-Mexico border.

Democrats have said they would back as much as $5.7 billion for a smart wall. Trump himself discussed the idea when announcing the deal to end the recent government shutdown.

The tech and defense industries have long pushed for technology to be a centerpiece of efforts to secure the border. Now they see new momentum for the idea as a bicameral, bipartisan group of lawmakers seek to hash out a border deal to avoid a second shutdown.

What technology? Some of the technologies floated include drones to surveil areas border agents cannot easily see, biometrics to check people entering the U.S. with their IDs, and sensors that detect people moving across the border.

But hold on: Despite the new momentum there are potential roadblocks ahead. Republicans and Democrats are still divided on the need for including new physical barriers on the border, a key demand of Trump. Tech companies are also already facing criticism from their workers and from privacy and civil rights groups over their sale of products to law enforcement, in particular surveillance or facial recognition products.

TM Studios Adds Bethel, Stevens To Roster


In a strategic hiring move, TM STUDIOS has announced the addition of two new staff members:
  • Dave Bethell, Creative Director/New Business Development 
  • Chris Stevens, VP, Affiliate Management. 
Both moves play into a new affiliation strategy for jingles at TM, where creative staff will be directly involved with clients from the beginning of the affiliation process. Bethell and Stevens will report to Greg Clancy, GM/VP Creative at TM Studios.

Dave Bethel
Bethell is a prolific composer of contemporary format jingles around the world, as he has written radio IDs for BBC Radio and Capital FM in the UK, plus Smooth FM in Australia.  His compositions are heard on hundreds of stations in the US.  Further, Bethell built Beds & Beats, a renowned production music library, which he sold to BMG in 2015.

Bethell will write custom jingle packages at TM and will be the creative force behind TM’s Contemporary Evo brands. Additionally, his business experience will have a significant impact on TM’s Marketing and Business Development strategies.

“It’s an honor to work with one of the most exciting and creative teams in the industry, working for a company that I literally grew up admiring,” states Bethell. I’m looking forward to creating great content, bringing fresh ideas and growing the business from my studios in LA.”

Chris Stevens
Stevens, who previously served as TM’s Senior Regional Sales Manager from 2002-2015, returns in an elevated role as VP, Affiliate Management. He will be working directly with clients and also overseeing a new sales initiative directly involving the creative staff at TM.

“This opportunity is more than a homecoming for me,” says Stevens.  “It’s a new chapter for TM and our clients. With a new sales dynamic drawing from our deep talent pool of creative minds, I am eager to push the pedal down to deliver the quality and level of service that is expected from TM Studios.  A very special thanks to Greg Clancy, Kirk Stirland, and Charles Steinhauer for this opportunity.”

“Both of these guys truly understand the art of sung jingles and they know that jingles are the most effective branding tools on the radio,” says Clancy. “These moves ensure that programmers are given VIP treatment in their search for the perfect sounds for their stations. Our creatives will be involved in every step of the process.”

Reach Chris Stevens at cstevens@tmstudios.com, or call 972.406.6813.  Reach Dave Bethell at dbethell@tmstudios.com, or call 424.359.9241

Rockcastle Media Networks Launches New Division, State Network


Rockcastle Media Networks expands its portfolio of world-class programming with the creation of its Rockcastle Regional Networks division and the launch of the Radio Nebraska Network.

“When we learned the Nebraska Radio Network folded, our thoughts turned to serving those affiliates and listeners with high-quality radio news,” said Rockcastle Media Networks President/CEO Will Sterrett. “We’re excited to offer four newscasts each weekday with much more to come down the road.”

Radio Nebraska Network delivers its first newscasts via FTP download Monday, February 4th. Like all other Rockcastle Media Networks programming, Radio Nebraska Network is available on a market-exclusive, 100% self-contained barter basis.

Before launching Rockcastle Media Networks, Will Sterrett enjoyed a prolific radio news career at the CNN Radio Network, WLW/Cincinnati, KTRH/Houston, Texas State Network, and KRLD/Dallas, where he was part of the team that won the 2013 National Edward R. Murrow Award for Best Newscast. He’s also the recipient of several regional Edward R. Murrow Awards and multiple Kansas Association of Broadcasters Awards for Best Newscast. Sterrett’s broadcast career includes KQKQ, plus the former KLTQ and Waitt Radio Networks, all in Omaha.

Rockcastle Media Networks is a national radio network providing programming to affiliate stations across the U.S. and Canada. The company’s ‘Partners First’ initiative ensures a focus on error-free program feeds and exceptional service to broadcasters and advertising partners.

R.I.P.: Harold Bradley, Famed Country Guitarist

Harold Bradley
Harold Bradley,  Country Music Hall of Fame inductee, famed guitarist and cog in the family that led the ascent of country music in Nashville, died on Thursday.

He was 93, according to The Tennessean.

Bradley was an original member of the famed A Team, a group of studio musicians who played for artists such as Elvis Presley, Roy Orbison and Loretta Lynn.

While the A Team provided the musical infrastructure for the country music industry's hit-making machine, Bradley played a crucial role in building the physical infrastructure for Nashville's Music Row. Along with his brother, Bradley constructed the Quonset Hut, which was the first recording studio built on Music Row. Years later, he developed RCA Studio A.

As a rhythm guitarist, Bradley popularized the six-string, tic-tac style of playing.

Bradley's guitar was recorded on seminal hits such as "Stand By Your Man" by Tammy Wynette, Cline's "Crazy" and Roger Miller's "King of the Road."

Lloyd Green, the renowned pedal steel player, collaborated with Bradley on thousands of records. Green said Bradley’s legacy as a guitarist will be his role in improving and modernizing the “Nashville sound” of country music in the 1950s and 1960s.

February 1 Radio History


Hildegarde with Orchestra leader Paul Whitman
➦In 1906...the 4th most prolific recording artist of all time was born in suburban Milwaukee.  She was known as “the incomparable Hildegarde,” a title bestowed on her by Walter Winchell. She appeared in cabarets & supper clubs up to 45 weeks a year.  The woman born Hildegarde Loretta Sell was the “girl” on CBS Radio’s “Ninety-Nine Men & a Girl” (1939), the hostess on 1943’s “Beat the Band” musical quiz show, and “Hildegarde’s Raleigh Room” on NBC Radio.  She also appeared in several TV specials, and continued performing to age 89.

She died of natural causes July 29 2005 at age 99.

➦In 1926...Flashback Thursday...Station news from Radio Digest:

Courtesy American Radio History

➦In 1942…Even before the Japanese attack on Pearl Harbor, the U.S. government’s Office of the Coordinator of Information (COI, in Washington) had already begun providing war news and commentary to the commercial American shortwave radio stations for use on a voluntary basis through its Foreign Information Service (FIS, in New York) headed by playwright Robert E. Sherwood, the playwright who served as president Roosevelt’s speech writer and information advisor.

Direct programming began a week after the United States’ entry into World War II in December 1941, with the first broadcast from the San Francisco office of the FIS via a leased General Electric’s transmitter to the Philippines in English (other languages followed). The next step was to broadcast to Germany, which was called Stimmen aus Amerika ("Voices from America") and was transmitted on February 1, 1942. It was introduced by "The Battle Hymn of the Republic" and included the pledge: "Today, and every day from now on, we will be with you from America to talk about the war... The news may be good or bad for us – We will always tell you the truth."

It was Sherwood who actually coined the term "The Voice of America" to describe the shortwave network that began its transmissions on February 1, from 270 Madison Avenue in New York City.

➦In 1949...RCA Victor countered Columbia Records‘ 33-1/3 long play phonograph disk with a new-configured product: the 45-rpm.  It started a revolution made made the 78-rpm record a true oldie.



➦In 1964… the governor of Indiana declared the song “Louie, Louie” by The Kingsmen to be pornographic, even though the average listener wasn’t able to decipher the lyrics. The governor asked the state broadcasters’ association to ban the record. at the time, the song was #6 on the Billobard Hot 100.  The song's publisher, Max Firetag, offered  $1000 to anyone who can prove that the song contains obscene lyrics. The FBI eventually gets involved, and after extensive study reports that the lyrics of this version of the song are so garbled as to be unintelligible

➦In 1964...Beatles' "I Want to Hold Your Hand,"  hit #1 on Billboard, stays #1 for 7 weeks



➦In 1986....Classic Top40  KHJ-AM in Los Angeles changed its call letters to KRTH-AM.  On the evening of January 31, 1986, regular evening jock Dave Sebastian Williams was joined in studio by Robert W. Morgan. Many disc jockeys from throughout KHJ's heyday of Boss Radio phoned in (including M.G. Kelly, Bobby Ocean, Jimmy Rabbitt, and Boss Radio-era Program Director Ron Jacobs) for a farewell broadcast, playing the songs that had made KHJ a popular AM station in the 1960s and 1970s. At the stroke of midnight, the station changed its call letters to KRTH to match those of its FM sister station, KRTH-FM playing a format called "Smokin' Oldies" that featured hits of the first ten years of rock and roll. The station used "AM 930" as its on-air ID.

RKO General was under nearly continuous investigation by federal regulators from the 1960s onward due to unethical conduct at its television stations, including KRTH-AM/FM's television sister, KHJ-TV (channel 9, now KCAL-TV). It was eventually ruled unfit to be a broadcast licensee and forced by the FCC to sell off its broadcast properties.

In the summer of 1989, KRTH AM/FM were sold to Beasley Broadcasting, which immediately turned around and sold KRTH-AM to Liberman Broadcasting. It became a full-time Spanish-language station, adopting the call letters KKHJ in honor of its historic calls.

As time went by, program director Alfredo Rodriguez and chief engineer Jerry Lewine wanted to bring back the legendary three-letter call sign. However, the FCC hadn't issued three-letter calls to radio stations since the 1930s. So they came up with a plan to convince the FCC that KKHJ could not use the Spanish pronunciation of its call letters on the air. This was purportedly because the pronunciation of the first two letters in Spanish (kah-kah), the Spanish vulgar slang word for feces.

As a result, whenever the call letters were used, they were pronounced in English. This proved somewhat awkward over a decade, so the station collected letters from listeners and community listeners and lobbied the FCC to allow the station to drop one of its Ks. The FCC allowed the station to return to its original calls, KHJ. The change became official on March 15, 2000.

➦In 1985...

➦In 1989…WEVD switches from 97.9 FM to 1050 AM.

In 1988, Emmis Broadcasting acquired the license of WNBC and moved WFAN from 1050 to 660 AM.  Emmis sold the license for 1050 to Spanish Broadcasting System (SBS), which quickly agreed to trade that license with cash to the Forward Association for WEVD-FM. Until the latter transaction was approved, SBS operated 1050 as a Spanish-language station called WUKQ.  When the deal was finally consummated, WEVD moved its call letters and programming to 1050 and the former WEVD-FM became WSKQ-FM. WEVD gradually replaced much of its brokered ethnic programming with liberal talk shows over the next several years; it gained some loyal listeners, but not enough to keep the station economically viable.

In 2001, the Forward Association entered into a local marketing agreement with ESPN, and WEVD began broadcasting a sports format on September 2 of that year. In 2003 the station was sold outright to ESPN and its call letters changed to WEPN..

➦In 1996....both houses of the U.S. Congress overwhelmingly approved a rewrite of the 1934 Communications Act. Some highlights: it allowed local and long-distance telephone companies, as well as cable TV providers, to offer a mixture of goods and services; Deregulate cable TV rates; allowed consumers access to a greater variety of cable, telephone and other communications services; and, in one of the most controversial changes, it revised the National Multiple Radio Ownership Rule and Local Radio Ownership Rule, allowing most of the stations in the U.S. to be snatched up by a few corporations.

➦In 2004...Janet Jackson's breast was exposed during the half-time show of Super Bowl XXXVIII, resulting in US broadcasters adopting a stronger adherence to FCC censorship guidelines.

➦In 2013…Former 3-term NYC Mayor Ed Koch died. After serving, Koch regularly appeared on the lecture circuit, and had a highly-rated talk show on 77WABC radio.

Click Here For More Historical Events that Happened on February 1st.

Thursday, January 31, 2019

SiriusXM Reveals More On Its Plans for Pandora

As it prepares to close its acquisition of Pandora Friday, satellite-radio service SiriusXM has published its latest quarterly financials. SiriusXM’s revenues grew by 6% to $5.8bn last year – a record – while its net profit grew by 81% to $1.2bn. According to musically.com, SiriusXM CEO Jim Meyer told analysts more about the company’s plans for Pandora in its earnings calls.

“The combined company will reach over 100 million listeners in North America, with nearly 40 million self-paying subscribers and 75 million trialers and ad-based listeners,” said Meyer. “We see tremendous opportunities to create attractive and unique audio packages that combine our strengths, SiriusXM’s in-vehicle position with Pandora’s strong position out of the vehicle. There are strong prospects for cross-promotion across our combined North American audience. Quite simply, I’d like to monetise at some level every single one of the close to 23 million SiriusXM trials we are running annually.”

First moves include a promotion offering a $5-a-month ‘mostly music or news talk package’ on SiriusXM in their car, as well as (“by mid-year”) a Pandora’ branded channel within SiriusXM’s app. Meyer admitted that Pandora’s declining active users and listener-hours are a concern, though. “This is going to be a tremendous focus for my management team in 2019 and beyond. The biggest opportunity for change here is through improved content and marketing,” he said, suggesting that podcasts are “a great first step”.

Later on, he expanded on the issue of declining listening hours, which fell from 5.4bn in the third quarter of 2016 to 4.8bn two years later – a period during which Pandora’s active users also fell from 77.9 million to 68.8 million.

“We believe, deep into our gut that, that metric is fixable. And we believe it’s fixable, first and foremost, by making the entertainment experience more compelling and by adding more content and telling that story well to attract listeners,” said Meyer, adding that “we believe there is significant room to improve Pandora’s in-car listening statistics” and that “there’s still a lot more that can be done with the Pandora app and the Pandora experience to make it more compelling”.

Detroit Radio: Cumulus Promotes Steve Finateri To VP/MM

Steve Finateri
Cumulus Media has announced that it has promoted veteran Detroit broadcaster Steve Finateri to Vice President/Market Manager for Cumulus Detroit and its group of four radio stations.

Finateri, a Detroit radio professional for over 30 years, rises from his previous position as Director of Sales for WJR, a position he has held since 2011.

Finateri joined Cumulus Media in 2006 as National Sales Manager for Detroit News/Talk station WJR, and became Local Sales Manager for WJR in 2008. He began his career in talk radio as a Retail Account Manager in 1986 for Fritz Broadcasting’s WXYT, moved to Clear Channel/iHeartMedia’s WNIC as Senior Account Manager in 1995 and on to Local Sales Manager for CBS Radio’s WVMV in 2002. Finateri holds a B.S. degree in Business Administration from Wayne State University in Detroit.

Dave Milner, Executive Vice President, Operations, Cumulus Media, said: “Steve’s performance and success leading WJR’s sales team, along with his deep understanding of the Detroit media and advertising market made him the obvious choice to run our Cumulus cluster in the Motor City.”

Finateri said: “It’s a privilege and an honor to represent such an elite team of media professionals.  Our Cumulus Detroit radio stations reach over 1.6 million listeners weekly, delivering over 42% of Metro Detroit’s total population, even more when you include WJR’s booming regional signal that adds significant listenership throughout Michigan. Cumulus Detroit has Michigan’s most well-known and beloved radio personalities and is the home of The Detroit Lions Radio Network and flagship for Michigan State University Football and Basketball. Those assets, coupled with Cumulus Media’s robust suite of sophisticated digital offerings, give us all the horsepower we need to be the one-stop shop for effective marketing campaigns for our customers who range from local businesses on up to Michigan’s largest companies.”



Cumulus Media owns and operates Detroit radio stations: WDRQ-FM/NASH 93.3 FM (Country); WDRQ-H2/NASH ICON HD2 93.1 (Country); 96.3 WDVD-FM (CHR); and 760 AM WJR  (News/Talk).

Facebook Reports Record Profit

Investors were undeterred by Facebook’s latest privacy mishaps, and sent the company’s share price up around 11% in after-hours trading following news of a substantial earnings beat.

According to Variety, Facebook generated revenue of $16.9 billion during the holiday quarter, compared to close to $13 billion during the same time a year ago. Net income was $6.9 billion, compared to $4.3 billion in Q4 of 2017. This translates to earnings per share of $2.38.

Analysts had expected revenue of $16.4 billion, and earnings per share of $2.19.

“Our community and business continue to grow,” said Facebook CEO Mark Zuckerberg in a statement. “We’ve fundamentally changed how we run our company to focus on the biggest social issues, and we’re investing more to build new and inspiring ways for people to connect.”

Facebook grew its number of daily active users to 1.523 billion for the quarter, up from 1.4 billion in Q4 of 2017. Notably, the company also managed to grow it’s North American user base for the first time in 2018, from 185 million daily actives in Q3 to 186 million in Q4. DAUs in Europe returned to 282 million, after slumping to a low of 278 million in Q3.

CNBC Graphic
The company also said that around 2.7 billion people use Facebook, Instagram, WhatsApp, or Messenger every month, with 2 billion people using at least one of those apps every day. Chief financial officer David Wehner said that the company would eventually shift to only disclose these aggregate numbers, and not break out the usage of Facebook’s core app anymore.

Facebook still makes most of its money with advertising, but the company saw its non-advertising income increase notably, especially in North America, where it generated $187 million from “payments & other fees,” compared to  $121 million in Q4 of 2017.