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Entercom Same Station Revenue Up 1%, Ryvicker: Entercom is Messy
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Radio Ink - Radio's Premier Management and Marketing Magazine
Eric Rhoads - Chairman
Deborah Parenti - Publisher
Ed Ryan - Editor-in-Chief
Brida Connolly - Managing Editor
Adrian Zupp - Reporter
 
Radio Headlines For Monday 7-31-17
 
Radio's big merger is still on track to close later this year. That's according to Entercom CEO David Field, and despite the fact that it appears the CBS stations are "trending lower than the Entercom stations," according to one analyst on the Entercom earnings call Friday morning. Field was asked about that trend. He says he's visited every CBS market, in some cases more than once. He was asked if he noticed anything significant. Here's what he had to say. [read more]
 
 
Overall Entercom revenue was $125 million in the quarter, compared to $121.6 million in 2016. That number includes the new Charlotte stations Entercom picked up from Beasley late last year. Field said both local and national performed "comparable." The automotive category was flat. Entercom's top performing categories for the quarter were professional services, home improvement and cable/entertainment. [read more]
 
In a report sent to investors on Saturday, 24 hours after the Entercom earnings call, Wells Fargo analyst Marci Ryvicker wrote a report headlined: "ETM is unfortunately messy." She notes that the Entercom stock price has dropped 35% year-to-date and says the market "clearly has concerns" about the merger with CBS. She gives three reasons for those concerns. [read more]
 
There should be some new owners of a few soon-to-be former Entercom radio stations announced soon. Entercom CEO David Field says his divesture plan to move stations in order to meet ownership regulations to close the CBS deal is making "good progress." [read more]
 
 
According to The Denver Post, Taylor Swift will testify in the trial set for next week with former KYGO host David Mueller. Court documents show that Swift will testify that: "Mueller ‘put his hand under her dress and grabbed her bare ass." Swift intends to testify that she has “never been so sure of anything in her life. [read more]
 
If not you'll want to attend the opening session at The Radio Show next month in Austin. The session is called "The Connected Car Listener Experience," and the goal is to explore the landscape of the connected car, including self-driving vehicles. [read more]
 
Dixon was the morning show co-host on KIOA in Des Moines. The station posted this message on its website Friday: "Earlier today, we lost our precious friend and coworker – and your beloved morning radio friend. For the last decade, she battled cancer with the most amazing courage and spirit. Eventually, her physical form was no match for the disease, but her will to live a rich life – filled with fun and laughter, never yielded." [read more]
 
RCS
 
(By Bob McCurdy) Studies highlighting the critical role “reach” plays in ad campaigns continue to pour in. This is good news as radio is the number one reach medium in the U.S. Nielsen Catalina Solutions recently conducted an analysis of 500 Consumer Packaged Goods campaigns quantifying the contribution media and non-media factors have on ad campaign success. So what was the takeaway... [read more]
 
Randy Lane - Radio(By Randy Lane) Each time a wildly popular television show ends, there is a negative response in the US stock market. The stock market declined after the finales of Seinfeld, The Cosby Show, and Friends. Why is that?   [read more]
 
Students from nine Missouri universities will converge on the campus of the Northwest Missouri State University campus, Monday, for 10 intense days of immersion in radio broadcasting. They will learn from 30 radio pros teaching in their areas of expertise. The MBA Radio Talent Institute is the first radio talent institute in the Midwest. [read more]
 
The NFL’s Houston Texans have signed a multi-year deal with Mega 101 FM, making it the new home for the team’s Spanish radio broadcasts on game days. The Texans are one of only seven NFL teams to broadcast in Spanish on the FM frequency [read more]
 
 
The morning team of Bob Lacey and Sheri Lynch have signed a new contract with The Link 107.9, “Charlotte’s Best Mix.” The 5.30 a.m. to 10.00 a.m. show is currently syndicated in 40 markets across the nation. Bob and Sheri have been nominated for nine Marconi Awards, and Sheri is the recipient of six Gracie Awards, presented by The Alliance for Women in Media. [read more]
 
The Charlotte New Country station has named JT Bosch to the dual positions, effective August 14. Bosch will host weekdays from 2-7 p.m. He most recently served as Assistant Program Director and night host for 98.7 WMZQ in Washington, D.C. He has also handled both on-air and programming duties with stations in North Carolina, Pennsylvania, and Texas. [read more]
 
Does your company or station have a news item you'd like us to run in our morning headlines? Do you have a news tip we need to investigate? Is someone being promoted at your station you'd like to recognize? Send all the details to Radio Ink Editor Ed Ryan at edryantheeditor@gmail.com [read more]
 
Our thanks to Kirk Keller for this outstanding Blast From The Past from 1981. Kirk started his career at KDMO-AM in Carthage, Missouri at age 16. He started as a weekend announcer and worked at the station for 11 years. Today, Kirk works for Flagler Broadcasting in Palm Coast, Florida as the D.O.S. and you can reach out to him at kirkkeller@hotmail.com and Send us your old studio photos to edryantheeditor@gmail.com [read more]
 
 
 
 
 
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