HOT TOPICS
Here are the most popular topics of the last 3 hours
Taylor On Radio-Info
Some of the headlines in the latest issue of the free daily publication T-R-I - Sure enough – Clear Channel swaps with Lotus, in San Antonio, Las Vegas, Bakersfield.
Who’s really #1 in Seattle? That would be public radio talker KUOW.
CNET gives CBS a bigger face in China. Click here for immediate access and to begin receiving Taylor on Radio-Info for free, delivered first thing every morning to your mailbox in pdf or html - your choice.
STATIC
Here's what's happening on Radio-Info.com: Radio One's stock price has dropped frighteningly low to below $1. But it's not the only broadcasting stock in trouble. In this week's guest column, On The Mic, Inside Music Media's Jerry Del Colliano talks about the Radio One Dollar. The Winter 2008 quarterly ratings have wrapped up. View them now up on the Radio-Info.com Ratings page. The next ratings update will be the April Monthly PPM ratings for Houston and Philadelphia due on Wednesday, May 21 at 5 pm ET. The Spring 2008 Phase I trends will start to roll on Tuesday, May 27 at 5 pm ET. Looking for a job? Radio-Info.com can help. Visit the "People Seeking Jobs" board, and post the job you're looking for and your qualifications.
RI 360°
The Strategy Session
We asked the readers of Taylor On Radio-Info “Who are the Innovators in radio today, the people who are helping to expand radio’s reach and creating the new technology and ideas that will help move the medium forward?” We received emails with names, products, companies, and even suggestions on how we all can move the industry in the “right direction.”
We’ve narrowed the list, and now we’d like you, the Radio-Info.com user, to vote on who you believe are the Innovators. We’ll be spotlighting these folks, and the products and companies they represent, in the future.
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Ross on Radio
When WCBS-FM New York dropped Oldies in 2005, it had a 3.0 share 12-plus. When WCBS-FM came back last summer, it returned with a 3.7 share and has held there through the recently released winter 2008 book.
In that time, WCBS-FM's many disenfranchised listeners had no shortage of choices that could have taken them away from terrestrial radio. They were directly targeted by Sirius Satellite Radio and its hiring of Cousin Brucie. They had their iPods. They could have found no shortage of customizable Internet-only Oldies channels. They had plenty of options - many of which would have been seen by some industry people as far superior to the old WCBS-FM during its problematic last year. But when WCBS-FM came back, the listeners came back, too.
Sean Ross
Edison Media Research
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NEWS
Friday, May 16, 2008
TOP STORYClear Channel swaps away an FM in Las Vegas, to appease the DOJ
The swap with Lotus Communications - speculated about in the May 7 Taylor on Radio-Info - solves one of Clear Channel's divestiture problems, so it can move forward with the new $36-a-share deal to go private. The Cliff Notes version is that Clear Channel deals away an FM in Las Vegas - Spanish adult hits "La Preciosa" KWID (101.9) - and an FM in Bakersfield, in order to obtain classic rock KZEP (104.5) in San Antonio from Lotus. KZEP is Lotus' only station in San Antonio, and Clear Channel has room under the FCC cap to add an FM. The Bakersfield station that CC is trading to Lotus, presumably to balance out the difference in value between KZEP and KWID, is country KBKO (98.5). Clear Channel still needs to find ways to unload stations in San Francisco, Houston and Cincinnati to satisfy the Department of Justice.
TV/radio owner Harry Pappas had filed Chapter 11 - now gets pushed toward Chapter 7
Chapter 11 is reorganization and protection from creditors - but Chapter 7 often means selling off assets, and in this case, it's an involuntary petition filed against Pappas personally. His Pappas Telecasting had filed for Chapter 11 status for 13 of its 30 TV stations last Friday, but now the Fresno Bee says lenders Fortress Credit Opportunities, Ableco Finance and Silver Oak Capital want the court to appoint an interim trustee to protect their interests. That's because Pappas and his wife had personally guaranteed $30 million of a $284 million loan they took out in March 2006. The question is how much of the Pappas Telecasting holdings will ultimately be affected - including San Francisco move-in KTRB (860) and its Modesto-market replacement station, KMPH at 840. Pappas can contest the involuntary Chapter 7 request, so there's more to come.
Trouble for the FCC's new cross-ownership rule - the Senate blasts it
FCC Chairman Kevin Martin's plan passed the FCC on December 18 but has been getting bad reviews from public interest groups and some Congressional reps - and Thursday night, the Senate voted overwhelmingly to keep the Commission from implementing it. Bush has promised to veto such a bill, and the House has yet to vote. But Martin's idea of loosening up the 33-year-old ban on newspaper/broadcasting ownership, just for the top 20 markets, seems to be in peril. Opponents fear that the new policy's exception for markets outside the 20 largest markets will let big media swallow up local media, as Free Press puts it in a press release about the "astounding victory."
"It's a gas" - The hottest promotion in radio is free gas
As the price at the pump seems to be growing exponentially, radio stations nationwide are getting creative with gas station promotions to steer listeners their way. Long Island's WBLI-FM (106.1) made headlines giving away gas for $1.06 a gallon, creating long lines of traffic into a Bay Shore, NY gas station and saving listeners nearly $3 a gallon. New Haven, Connecticut's WPLR-FM (99.1) will give listeners gas for 99 cents a gallon for 2 hours. Philadelphia's WBEN-FM (95.7) gave 95 listeners a free tank of gas on Tuesday, as long as their license plate contained any of the characters 9-7-5-B-E-N-F-M. KUSH-AM (1600) in Cushing, Oklahoma is holding the "Great Gas Giveaway." Last week, KHTN-FM (104.7) created a line 1 mile long in Merced, California by offering $25 in free gas for the first 50 cars to show up at a local filling station. KQDS-FM (94.9) sold gas in Duluth, Minnesota for 94.9 cents. And in Scottsdale, Arizona, KSLX-FM (100.7) will be giving away up to 12 gallons of free gas to the first 100 people who show up.
No-Urban dictate alive in Louisiana
Howard J. Castay, President/GM of Urban AC KBZE (105.9) and Gospel KFRA (1390) just outside Baton Rouge, LA., claim his stations are the victim of no-urban dictates. He says the Blue Bayou Water Park and Dixie Landing Amusment Park--which has done business with the stations in the past--no longer want to reach his audience. In an open letter to Radio-Info.com readers, Castay says he spoke with Liz Harrison, Marketing Director for the parks, who told him "We have no interest in an African American audience." He calls all local African American consumers to voice their opnion by calling or emailing Blue Bayou. Castay also confirmed with local area newspaper The Louisiana Weekly and other urban stations in the Baton Rouge area, that the park is not currently, nor does it have any pending advertising planned with Urban outlets. The boards are buzzing about it here: Discuss It
GUEST COLUMN
On The Mic
Radio-Info welcomes the industry's top thought leaders as guest columnists
Radio One CEO Alfred Liggins doesn’t understand how his stock has plummeted to below one dollar a share.
While’s he’s pondering that question, he has accepted a bonus, a nice salary and it's business as usual – for him.
Many radio people are wondering how a once mighty business can fall this far with so many talented and capable people still on the payroll of the major broadcast companies.Radio One Dollar is not alone.
You know about Citadel – or should we call it Cita-Sell -- where a $1.50 a share stock earns its CEO Farid Suleman $11 million a year. By contrast, Radio One Dollar shareholders are getting a real bargain.
Do I even have to mention Clear Channel – the largest consolidator and biggest trendsetter for the radio industry? Papa Mays and his two sons have been escaping with large compensation packages for many years. Their shareholders must be scared to death. The share price only trades at the mid to upper $20 price because greedy Wall Street money people and investors want to make a quick buck. But if the Lee and Bain deal doesn’t get done, Clear Channel shares will take a further dive and it will be ugly in San Antonio.
Jerry Del Colliano
Inside Music Media
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