Friday, March 31, 2017

InStore Audio Network Reaches 35.5M Shoppers Per Day


InStore Audio Network reaches 35.5 million shoppers on an average day, according to new audience research study.  Edison Research, a leading market research company based in Somerville, New Jersey, announced the release of new research that measures the audience for InStore Audio Network, the leading provider of in-store audio advertising in Drug and Grocery stores.

The research was conducted at a national sample of stores in the InStore Audio Network where the number of shoppers exposed to in-store audio were counted and a sample of shoppers were interviewed in order to measure how much time was spent in each store, how many visits were made to each store each week.  The surveys were also used to measure the basic demographics of the InStore Audio Network audience.

The major findings of the study are:
  • The stores in the entire InStore Audio Network (including drug and grocery stores) have an average of 35.5 million daily visits from shoppers ages 12 and older.
  • The total number of weekly impressions for a message that runs once per hour on the InStore Audio Grocery Network and twice per hour on the InStore Audio Drug Store Network is 121 million. 
  • The number of adults reached by one ad per hour in the grocery network and two ads per hour in the drug network is equivalent to a national daily rating of 6.6.
  • The total number of shoppers who visit at least one of the stores in the InStore Audio Network during a typical week is estimated to be 94 million, or more than one-third of the national population of ages 12 and older.
"Our research demonstrates that InStore Audio Network reaches an extremely large number of shoppers each day in a captive audio environment.  A commercial played once per hour in the InStore Audio Grocery Network and twice per hour in the InStore Audio Drug Store Network reaches in one day more than double the average primetime audience of a commercial on one of the four major broadcast networks," said Joe Lenski, Executive Vice President of Edison Research.

"Our research over the past ten years also shows that both the number of visits per week and the amount of time that shoppers spend in drug and grocery stores has remained steady."

In addition to physically counting shoppers in both grocery and drug store locations, Edison Research interviewed shoppers about their shopping habits to determine frequency and length of shopping trips.  The survey sample represented a cross-section of America, spanning ethnicities and age groups.  A cross section of stores in terms of geographic location and store size were included in the survey.

"Edison Research provides independent confirmation that InStore Audio Network reaches a larger audience than most traditional media buys.  Furthermore, our program is unique in getting our advertiser’s messages heard right at the point-of-purchase by a captive audience – the holy grail of brand and shopper marketing," said Gary Seem, President / CEO of InStore Audio Network.

Jeff Shapiro, Chairman of InStore Audio Network commented, “Since our program covers the entire store, we are the best way to reach every shopper in both Grocery and Drug stores.  A single shelf sign or display only reaches those consumers who walk past that aisle while InStore Audio Network bathes the store with an audio message that drives shoppers to buy the advertised product.”

March 31 Radio History



Arthur Godfrey
In 1903...legendary broadcaster Arthur Godfrey was born in New York City.

From the late 40’s into the 1970’s Godfrey was a unique force in daytime radio, at his peak occupying three hours of CBS network time daily. (90 minutes simulcast on CBS TV.)  He also hosted TV’s Arthur Godfrey’s Talent Scouts, plus another weekly TV variety show. He espoused & successfully pioneered the concept of talking to just one listener, which was particularly effective in his commercial delivery.

He died of emphysema March 16 1983, just two weeks short of his 80th birthday.


In 1908...actor Les Damon was born in Providence, Rhode Island.

He is best remembered for his nearly 30 years performing on radio; for his roles as Nick Charles on The Adventures of the Thin Man from 1941-1943 and again from 1946-1947, and as Michael Waring on The Falcon from 1950-1953.  He had lead roles in the daytime dramas Lone Journey and Portia Faces Life, and in the fine CBS police series 21st Precinct.  In television he garnered recurring roles on such soap operas as The Guiding Light, As The World Turns, Kitty Foyle, and The Edge of Night.

He died after a massive heart attack July 21st 1962 at the young age of 54.

Henry Morgan
In 1915...comedian/broadcaster Henry Morgan was born Henry Lerner Von Ost, Jr. in New York City.

He started in radio as a page, until he was offered his own 15 minute nightly show on WOR-Mutual.  His familiar opening, “Hello anybody, here’s Morgan” was his answer to big radio star Kate Smith, who opened “Hello everybody.”  Part of his then-novel satirical schtick was to insult his sponsors. He got a weekly half-hour on ABC Radio with a professional cast & a studio audience, but the sponsor insults kept him from achieving greater commercial success.  When TV arrived he became the resident curmudgeon on the I’ve Got a Secret panel.

He died May 19 1994 at age 79.



Earle C. Anthony
In 1922...KFI-AM, Los Angeles, California, began broadcasting.

In 1922 Earle C. Anthony was the founder and owner of what eventually became 50,000 watt KFI- AM 640 radio, a station he controlled until his death in 1961.

From 1929 to 1944, he also owned KECA-AM 790, now KABC. The E.C.A. in KECA stood, of course, for Earle C. Anthony.

He was an early president of the National Association of Broadcasters and, during his term, oversaw the establishment of the organization's first paid staff.

He was also a founder of one of the earliest television stations in Los Angeles, KFI-TV, channel 9, and KFI-FM, both of which were disposed of in 1951.


The original KFI station used a 50-watt transmitter and was made out of a crank telephone. Early on, Anthony operated the station from his garage, and later from atop his Packard automobile dealership. In its early days, it was typically on the air for only four and a half hours a day.

This is the original KFI 50 kW transmitter, an RCA 50B. Installed in 1931, it served as the main until a Continental 317B was installed in 1959. 

From the time of its inception in 1926, the National Broadcasting Company (NBC) operated two networks, the Red Network and the Blue Network. The Red Network carried the commercial programs, while the Blue Network carried the sustaining ones (those without commercial sponsors). The red and blue designations came from the colors of the U.S. flag.

Being an NBC affiliate, Anthony operated two radio stations to carry both networks. KFI-AM, 640 kHz, carried the Red Network, and KECA-AM, 790 kHz, carried the Blue.

KFI helped to keep the calm during the dark days of World War II by airing President Franklin D. Roosevelt's "Fireside Chats." Later, it carried "Monitor (NBC Radio)," the network's very successful weekend radio service.

As a side note to KFI's participation in World War II, there is a bullet hole in the ceiling of the transmitter building, located in La Mirada, California, where a National Guardsman accidentally discharged his rifle on December 10, 1941, three days following the attack on Pearl Harbor. The bullet hole is still there to this day, preserved as a monument to KFI's wartime service.

The "FI" segment of its call sign was an abbreviation of "farmer's information." Every winter evening between 1924 and 1956, KFI would deliver a frost report at 8 pm that would tell citrus farmers whether to turn on wind machines or light "smudge pots" to keep their orange and lemon groves from freezing. The frost warnings moved to 7 pm until the late 1970s when they were removed from the schedule.

After the end of radio’s golden age, KFI-AM moved toward a full-service format of music, sports and local news.  Cox Broadcasting purchased the station in 1973.

It moved KFI into a Top 40 format in the mid 1970s. That playlist softened in the early 1980s as KFI moved toward a more adult contemporary format.


By the mid 1980s, KFI had slipped in the ratings.  By 1988, KFI dropped music and focused on issue-oriented talk radio.  Chancellor Media acquired the station in 1999.  Clear Channel Communications assumed control in 2000. KFI continues to broadcast a news/talk format.


In 1925...WOWO-AM, Ft. Wayne, Indiana, began broadcasting.

Established in 1925, WOWO began broadcasting at 500 watts of power on 1320 kHz on March 31, 1925 and was owned by Chester Keen of Main Auto Supply Company; the station was originally located upstairs of the Main Auto. The station's callsign was chosen to start with the letter "W" as required by the FCC for all stations in the United States at the time.

During the 1920s, the FCC permitted either three- or four-letter callsigns, with three-letter call signs being preferred for brevity. By choosing WOWO for easy pronunciation as a two-syllable word, in some measure WOWO had a call sign that exhibited even more brevity than even the three-letter callsigns.

Despite this, disk jockeys on WOWO were prohibited from calling the station "woe-woe" on the air until the late 1960s, when a contest was introduced to identify songs in which the "woe" sound appeared. The WOWO callsign was later backfilled as a tongue-in-cheek acronym: "Wayne Offers Wonderful Opportunities". In 1927, WOWO was made a pioneer station of CBS radio network and remained a CBS affiliate until 1956.

In 1928, Keen sold WOWO to Fred Zieg. In 1929, Zieg received FCC approval to move WOWO to 1190 kHz with a power of 10,000 watts and establish WGL on WOWO's former 1320 kHz. Until WOWO's purchase by Westinghouse Broadcasting in 1936, Zieg managed the advertising sales of both WOWO and WGL through WOWO-WGL Sales Service, Inc.



On July 4, 1929, the station's studio building caught fire. No casualties were reported, and operations were moved to a nearby location.

During August 1936, WOWO was acquired by Westinghouse Broadcasting as its first owned and operated radio station. Westinghouse built new studios for WOWO at 925 South Harrison Street in Fort Wayne, which were completed on May 1, 1937. On that same date WOWO joined the NBC Blue radio network, while maintaining its CBS network affiliation, as multiple network affiliations were common for NBC-Blue affiliates. On March 29, 1941 Westinghouse completed the FCC licensing of WOWO's famous clear-channel broadcasting on 1190 kHz. During and after World War II, these clear-channel broadcasts made WOWO a popular radio super-station of sorts throughout the eastern United States.  WOWO's clear-channel license and resulting large audience permitted various owners over the years to consider WOWO their flagship station.


On April 30, 1952, WOWO's studio and offices were relocated to the upper floors of 128 West Washington Blvd. It was here that the station began its famous "fire-escape" weather forecasts, involving obtaining weather conditions from the fire escape ledge. In 1977, WOWO's studios moved to the fourth floor of the Central Building at 203 West Wayne Street in Fort Wayne, where it would remain for the next fifteen years. When the station relocated to the Central Building, the old fire escape was cut into small pieces, encapsulated in lucite and distributed as a promotional paper weight.

Programming for the station changed several times. After dropping its network affiliations in 1956, the station played modern (for the time) music. During its heyday, WOWO was one of North America's most listened-to Top 40 music stations. WOWO continued playing the hits until 1988, when the station resumed playing oldies. In 1992 the format changed to adult contemporary, and then in 1996, the station switched to a news-talk format which remains to this day.

From 1941 to 1995 WOWO was well-known, in both Indiana and areas to the east, as one of the clear-channel AM stations. This was due to the station broadcasting continuously at 50,000 watts of power both during daylight and nighttime hours. From sunset to sunrise, WOWO's directional antenna was configured to protect only KEX, Portland, Oregon. The nighttime broadcasts were branded as WOWO's Nighttime Skywave Service, the "voice of a thousand Main Streets". During the 1970s, the station's hourly ID (required by the FCC) stated: "50,000 watts on 1190, WOWO, Fort Wayne, Group W, Westinghouse Broadcasting." Listen to WOWO Top Of the Hour Station IDs: Click Here.

WOWO's clear-channel license permitted WOWO's radio personalities to gain some degree of fame throughout the eastern United States. Announcer Bob Sievers, Farm Director, commentator and folk-philosopher Jay Gould, News Director Dugan Fry, meteorologist Earl Finckle, the "In a Little Red Barn (on a farm down in Indiana)" de facto theme song of WOWO, the Penny Pitch charity fund raisers, sports director Bob Chase's Komet Hockey broadcasts, the weather reports from WOWO's personnel taking a smoking break out on its studio's "world-famous fire escape", and husband-wife hosts of The Little Red Barn Show, music director Sam DeVincent and wife Nancy of "Nancy Lee and the Hilltoppers", all were listened to by a total of millions of people from the Great Lakes to the United States' East Coast over the years from the 1940s to the 1990s. Other memorable on-air personalities include Ron Gregory, Chris Roberts, Jack Underwood and Carol Ford.

Because WOWO's Nighttime Skywave Service caused WLIB, also 1190 kHz, in New York City to cease broadcasting at sunset each day and resume broadcasting at sunrise, Inner City Broadcasting bought WOWO in 1994 so that they could reduce WOWO's Class A clear-channel license to Class B, and WLIB, owned by Inner City Broadcasting could thereby increase its class from Class D to Class B.


This reduced WOWO's potential audience—referred to as WOWOland—from much of the eastern United States to a much smaller local region in northern Indiana, northwestern Ohio, and south-central Michigan. Before the power reduction, when WLIB signed off at night, WOWO's air signal came booming through the speakers into the WLIB air studio.

 In 1949…After nine years of development, RCA Victor introduced the first 45 rpm record, a 7-inch wonder promising better sound and easier playability than the current standard, the 10" 78 rpm record. It was also designed to compete with the Long Playing record introduced by Columbia a year earlier.

The first 45 rpm released was "Texarkana Baby" by country & western singer Eddy Arnold. The disc was made of green vinyl, part of an early plan to color-code singles according to the genre of music they featured. Others included yellow for children's songs and red for classical music.

In 1953...the Cavalcade of America was heard for the final time on network radio. It had been the longest-running show of its kind. For 18 years on NBC Radio the weekly Cavalcade of America presented dramatized events in U.S. history

In 2004...Air America Radio began broadcasting, the first US talk-radio network for liberals, led by Al Franken, comedian and author.  The ensuing five and a half years were financially troubled, and the network went out of business in January 2010, without Franken who left to run successfully for the US Senate.

Thursday, March 30, 2017

One Less Dickey At Cumulus Media

Lew Dickey
Lew Dickey has stepped off the board of Atlanta-based Cumulus Media, the company he started nearly 20 years ago.

According to Rodney Ho at ajc.com, his reason: “to pursue other professional interests.” His 18-month non-compete clause has expired since he lost his CEO and board chairman position. He still owns a large chunk of Cumulus shares.

But the Dickey presence on the board is not completely over. Former Cumulus VP John Dickey will take over the vice chairman spot.

Dickey founded Cumulus soon after radio deregulation two decades ago. He quickly scooped up small market radio stations and Cumulus became a major player in the radio business.

In 2011, Cumulus purchased Citadel which gave them more major market stations but also weighed the company down with too much debt. By last year, share prices dropped so far below $1 on Nasdaq that they had to do an 8-to-1 share swap to boost it above $1 again. Since then, the price has again fallen below $1 a share again and is now down to 32 cents. Nasdaq will boot the stock off if its exchange if it stays below $1 too long.

The market capitalization of Cumulus, which generates $1.2 billion in revenue a year, is a mere $9.5 million. The Fitz rating firm recently targeted Cumulus as a possible candidate for financial default this year.

Cumulus now owns more than 500 radio stations.

'Failing' NYTimes Shares Increase 30 Percent

President Donald Trump loves to claim that the NYTimes is "failing," but that idea needs to be fact checked, because shares of New York Times Co (NYT). are up 30% since he was elected president.

CNN Money asks, If that's a failure, what's his definition of success?

The company's stock is also up nearly 9% so far this year.

Gannett's (GCI) stock has plunged nearly 15% this year. McClatchy (MNI) is down almost 30%. And the awfully-named tronc (TRNC) (formerly Tribune Publishing) is up just 1%.

And as many others have already noted, the notion that the paper "apologized" to its readers is a Trump fantasy. The Times did admit that the outcome of the election was "unexpected." But it never, in its letter to readers in November, asked for forgiveness for any editorial lapses.

Now, to be fair to the president, it is true that the Times has fallen on hard times over the past few decades due to the massive shift in how people consume media -- and the advertising changes that have come along with the digital revolution.

Shares of the Times are trading at about two-thirds the price they were before the tech bubble burst in 2000. And the stock is more than 80% below the all-time highs it hit in the early 1980s. The company's overall ad revenue is still falling. But digital ad sales were up 11% in the fourth quarter.

And the growth in digital subscriptions has been so strong that it helped lift overall circulation revenue in the quarter, despite a decline in the sale of print editions.

The Time is morphing into a leading digital media company. And that's probably why Wall Street is more excited about its future.

Atlanta Radio: WIGO Is Nation's Steller Station


WIGO Radio 1570 AM has been selected as the 2017 Stellar Award recipient of the Major Market Radio Station of The Year.

According to radiofacts.com, the announcement was made during the Annual 2017 Stellar Awards Show in Las Vegas Nevada last Saturday

The honor was achieved despite tough competition from over two dozen or more stations in cities including Atlanta, New York, Dallas, Chicago, Houston, Orlando and Los Angeles.

The Stellar Award for Major Market Station is based on the station’s program quality, listener support, community outreach and advertising services.

The WIGO 1570 AM , “Atlanta’s incredible radio”, format is a mixture of Gospel music, Ministries, Talk, News and Sports, Blues and R & B music.

“I was astounded when they called my name”, said Larry Young, WIGO General Manager. “It was amazing”.

Nominees are chosen by the Stellar Gospel Music Academy during first round balloting. The final four nominees in the category are chosen by the public.

“I want to thank our listeners,”Young said. “They voted us in and this win is a really big deal for us”.

Expected FCC Reversal Could Lead To TV Deals

The FCC is planning to reverse an Obama-era rule that prevented major television-station owners from buying stations or readily selling themselves, a move that could touch off a wave of deals among media companies.

According to The Wall Street Journal, the proposal, which would effectively loosen a national cap on audience share for station owners that the rule had tightened, is scheduled to be put before the Federal Communications Commission in late April, an agency official said. Chairman Ajit Pai is expected to announce the plan on Thursday afternoon.

The longstanding ownership cap limits TV groups to a 39% national audience share. But for years, the government said station owners didn’t have to fully count UHF stations in calculating their share because UHF was typically a less powerful signal. The Obama-era FCC eliminated the so-called UHF discount last September, contending that the distinction between UHF stations and VHF stations had effectively disappeared.

The FCC under Mr. Pai is expected to revert to the previous rule in one of a series of actions he is taking as he plans to reverse several policies adopted under his predecessor, Tom Wheeler, who was FCC chairman for much of President Barack Obama’s second term.

TV station owners have contended that fully counting the UHF channels unfairly penalized them at a time when other types of media have been growing rapidly.

While the return of the UHF discount will likely lead to some deals, television executives are also pining for a relaxation of the rules that limit the number of television stations one broadcaster can own in a market.

Currently, one company can own two TV stations in a market only if eight independent TV stations remain afterward. That limits such possibilities to big and midsize markets and leaves out smaller markets where many TV stations are economically challenged, broadcasters say.

Read More Now (Paywall)

Report: Media Companies Pushing For Changes In Ownership Rules

Sinclair Broadcast Group has reportedly been buttering up FCC Chairman Ajit Pai as it seeks regulation reform to further its broadcast TV consolidation ambitions, including a reported bid for Tribune Media.

According to Bloomberg, the broadcaster had Pai speak at a company conference at Baltimore’s ritzy Four Seasons hotel just days after the presidential election. An FCC spokesperson told the publication that the appearance was arranged before the election and that Pai was there to talk about broadcasters’ roles in the media marketplace. Still, the event ended up giving Sinclair close access to the next chairman of the FCC.

Craig Aaron, president of the policy group Free Press, also told the publication that Sinclair is “actively courting” Pai and hoping he will alter ownership rules so Sinclair can do “whatever kind of deals they want to do.”

FierceCable reports broadcasters like Sinclair and Nexstar—which recently completed its $4.4 billion acquisition of Media General—are confident that the new FCC under Pai will relax the ownership rules that have capped the number of stations a company can own in one market.

The current ownership cap, which controls how much reach individual broadcasters can acquire, dictates that a broadcast station group’s audience reach should not exceed 39%. But that cap could be easier to work around if the FCC decides to revamp the UHF discount.

Last year, the FCC changed the UHF discount governing ownership rules for broadcast stations so that UHF stations would now have to count 100% of their reach toward the cap, instead of the previous 50%. Broadcasters like CBS have urged the FCC to reinstate the UHF discount before making any further reforms on the ownership rules.

Sinclair’s push for changes to ownership rules for broadcasters come as the company’s reported pursuit of Tribune Media assets including all of Tribune’s stations and cable networks appears to be on the fast track.

The New York Post recently cited several sources who said the companies are discussing a price of about $40 to $41 per share for a deal that would include all 42 Tribune TV stations and Tribune’s stakes in the Food Network and WGN.

D/FW Radio: Leigh Ann Adam Gets Wake-Up Duty At KDGE

Leigh Ann Adam
iHeartMedia has announced that Leigh Ann Adam has been named morning drive host for KDGE Star 102.1 FM, effective April 3, 2017. Adam will broadcast weekdays from 6 – 10 a.m.

Star Mornings with Leigh Ann will feature Adam discussing the latest news in entertainment and pop culture as well as hosting interviews featuring some of today’s biggest artists.

“I love what I do and I’m so excited to wake up with Star 102.1 and the DFW community,” said Adam. “Having the opportunity to host mornings is amazing and I can’t wait to put on my new headphones and get started!”

Adam has captivated millions of listeners around the globe, becoming one of today’s most recognized female voices in radio. Most recently, she hosted afternoons at KVIL for 11 years. She has also served as morning co-host of the Leigh Ann and Charlie Tuna show at KBIG in Los Angeles. From mornings to middays to afternoons, Adam has attracted the attention of the world’s biggest megastars, hosting headline-grabbing interviews with icons like Cher, Lady Gaga, Janet Jackson, Taylor Swift, Kelly Clarkson, and many more. Leigh Ann is married with three children.

KDGE 102.1 FM (100 Kw_ Red=Local Coverage Area
“I’m so excited to have Leigh Ann as the newest addition to our programming team,” said Jay Shannon, Program Director for Star 102.1. “Leigh Ann has been in the DFW market for over two decades and will be a big success on Star. She continues to push the boundaries of entertainment, always leaving listeners thirsty to tune in for more and that’s a perfect fit for our format!”

Seattle Radio: Bender To Stick Around At KBKS

iHeartMedia Seattle has announced it has renewed and extended its agreement with Bender, on-air personality for the Bender & Molly in the Morning show on KBKS 106.1 KISS FM.

Bender (Cunningham) is a radio veteran with 30 years of experience, and he recently celebrated his 16-year anniversary with 106.1 KISS FM. His interactive morning show covers everything local and pop culture. He also leads the efforts for Bender’s One Big KISS for Seattle Children’s Hospital, an annual radiothon that has raised nearly $15 million for the hospital over the last 16 years. The Bender & Molly in the Morning show broadcasts weekdays from 6 to 10 a.m.

“I am ecstatic that Bender has decided to make 106.1 KISS FM his home for years to come!” said Justin Riley, Program Director for 106.1 KISS FM. “His passion for the brand is unwavering, and his dedication to our listeners and the community is what really sets him apart from other personalities. Bender’s passion for drumming up local support for Seattle Children’s Hospital is just astounding.”

KBKS 106.1 FM (73 Kw) Red=Local Coverage Area
“16 years and I've still got the greatest gig in the world,” said Bender. “I'm extremely happy to extend the ride." - See more at: http://www.fmqb.com/article.asp?id=3027222#sthash.esVmqQxx.dpuf

More Evidence Emerges That Pandora Is Losing TSL


Recent trends - supported by a number of independent research companies - including Bridge Ratings - confirm music streaming service Pandora is experiencing attrition in time-spent using the service and its number of weekly visits is decreasing as well.

Dave Van Dyke
Bridge Ratings has been tracking Pandora consumption since 2007 and the increasingly improving landscape of streaming services is contributing to Pandora’s audience attrition.

According to Dave Van Dyke, President/CEO at Bridge Ratings, he has found that much of the erosion is credited to Spotify and, in particular, as fans of streaming music platforms become familiar with both Pandora and Spotify, they are becoming more sophisticated in the manner in which they use these platforms.

An increasing number of music streaming consumers are utilizing more than one platform to satisfy their listening preferences and our latest study exposes how Spotify has stunted Pandora’s growth.

This latest study includes what streamies (users of steaming music platforms) deem to be the most important features of a streaming service, how many Pandora users have added Spotify to their streaming service choices and compares user satisfaction scores between the two services.

Click on this link to go direct to the study or go to our website at www.bridgeratings.com and click on “Pandora vs Spotify Satisfaction Study”.

Pandora Losing Listeners And Money

Pandora Media Inc. co-founder Tim Westergren took over for his second run as chief executive officer in March 2016 to revive the online radio company and avert a potential sale, reports Bloomberg.

Once a rising star that brought old-fashioned radio online, Pandora has been losing listeners and money. Its travails have attracted activist investor Corvex Management LP, which has carved out an 8.8 percent stake and is pressuring Westergren to consider other options. While the CEO publicly opposes a sale, several board members are open to the idea or at least giving Corvex seats on the board, according to people familiar with the matter.

Westergren, 51, has preached swift action since taking over as CEO, and asked for patience to execute the company’s plans to enter two new businesses -- concert ticketing and on-demand streaming.

Bloomberg graphic


Yet patience is wearing thin in some quarters. Pandora reported a year-over-year drop in listeners in each of the past three quarters, while Spotify added more than 20 million paying customers in less than year. Advertising growth has slowed, and the shares, issued at $16 in June 2011, peaked at $40.44 in March 2014 and are now trading at $11.69.

Pandora, meanwhile, has extended the deadline for shareholders to propose new directors, giving investors like Corvex time to ponder their next moves and spurring speculation among current and former employees that other actions may be afoot. Two directors will be up for re-election at the company’s next shareholder meeting -- Westergren and Tony Vinciquerra, a media executive to Corvex’s liking.

Here Comes Judge Napolitano

Andrew Napolitano
Fox News senior judicial analyst Andrew Napolitano returned to the air on Wednesday morning and stood by the unsubstantiated wiretapping claims that got him in hot water with his network nearly two weeks ago.

The former New Jersey Superior Court judge had not been on the air since March 16 as he became enmeshed in the controversy over President Trump’s still-unproven claim that his predecessor had ordered surveillance of Trump Tower.

Napolitano, citing unnamed sources, had said that the British foreign surveillance agency “most likely” provided Obama with transcripts of Trump’s recorded calls.

FBI Director James B. Comey said his agency and the Department of Justice have "no information" to support Trump's allegations that President Obama ordered wiretapping of Trump and his campaign.

While Fox News never made an official statement about a change in Napolitano’s status, he was conspicuously missing from its coverage last week on the confirmation hearings of Supreme Court nominee Neil Gorsuch. Napolitano was taken off the air and management had addressed the matter with him, said people with knowledge of the situation who were not authorized to comment.

According to The LA Times, Napolitano returned on “America’s Newsroom” with only a passing reference to his absence made by anchor Bill Hemmer, who, after introducing him, said, “You've had a few quiet days.”


A representative of Fox News said the “matter was addressed internally” and declined to comment further.

FCC Moves To Shake Up Telecom Program


By David Shepardson | WASHINGTON

(Reuters) -- The U.S. Federal Communications Commission plans to reverse an Obama era decision that allowed it to approve companies to offer government-subsidized telecommunications services to low-income families, the agency's Republican head said on Wednesday.

FCC chairman Ajit Pai has said telecoms service providers exploited loopholes in the "Lifeline" program for their own gain and states should decide which companies provide the internet, mobile phone and fixed line services to poorer Americans.

Ajit Pai
Democrats say Pai's moves are aimed at winding down the program, but Pai has said he just wants to reform Lifeline to prevent fraud.

On Wednesday Pai said the commission would not approve about three dozen pending applications from companies that wanted to join Lifeline. He said the agency would not defend prior FCC actions with regards the program in a case pending before the U.S. Court of Appeals.

Twelve states have challenged the FCC’s order before the appeals court allowing the agency to approve companies to offer services. Pai said the FCC would ask the court to send the case back to the agency so it can reverse the decision and let states take the lead on approving companies.

"Congress gave state governments, not the FCC, the primary responsibility for approving which companies can participate in the Lifeline," Pai said.

Putting the approval process in the hands of state utility commissions is essential to police against fraud, he added.

A group of U.S. House Democrats said Pai's decision was an effort "to inflict death by a thousand cuts" to Lifeline, which has provided more than $1.5 billion in annual subsidies in recent years.

Mignon Clyburn
"Through lawyerly maneuvering, the FCC is trying to disguise its efforts to eliminate a system designed to make it easier for anyone who needs access to broadband to get it," they said in a statement.

In March 2016, the FCC voted to expand the $9.25 a month telephone subsidy to include internet access. Pai said over 3.5 million Americans were currently receiving subsidized broadband service through Lifeline from 259 providers.

The FCC has estimated that 95 percent of U.S. households with incomes of at least $150,000 have access to high-speed internet, while less than half of households with incomes lower than $25,000 have Internet access at home.

FCC Commissioner Mignon Clyburn said Wednesday Pai's decision means "low-income Americans will have less choice for Lifeline broadband, and potential providers who want to serve low-income Americans will face greater barriers to entry and regulatory uncertainty."

ESPN Radio Starts 20th MLB Season

ESPN Radio’s 20th Major League Baseball season of 71 games will include multiple appearances from several top teams including the defending World Series Champion Chicago Cubs, the New York Mets, the New York Yankees, the Boston Red Sox and the Los Angeles Dodgers. Commentator Jon Sciambi and analyst Chris Singleton return this year as ESPN Radio’s lead commentator team.

The season begins on Opening Day as Kris Bryant and the Cubs visit Yadier Molina and the St. Louis Cardinals on Sunday, April 2, at 7 p.m. ET*. ESPN Radio will also broadcast the Cubs’ home opener on Monday, April 10, at 7 p.m. against the Dodgers – a rematch of last year’s National League Championship Series.

Among the other highlights this season include: Seven games showcasing the defending Champion Cubs; seven New York Yankee games; six St. Louis Cardinal matchups; and the New York Yankees visiting the Boston Red Sox on July 16. In addition, ESPN Radio will be the exclusive radio home for the T-Mobile Home Run Derby and the 88th MLB All Star Game from Marlins Park in Miami, on Monday, July 10, and Tuesday, July 11, respectively.

Every MLB postseason game will broadcast for the 20th consecutive year. Postseason coverage will include any potential tie-breaker games, Wild Card games, National and American League Division Series, National League Championship Series, the American League Championship Series and the World Series.

All MLB games on ESPN Radio will be preceded by the Baseball Tonight pregame show offering news, previews and analysis of upcoming games. As the season progresses, additional matchups on ESPN Radio will be announced. All games will be available on ESPN Radio, ESPNRadio.com and the ESPN app.