The investment bank Piper Jaffray just released its semi-annual “Taking Stock With Teens” report. Survey takers asked 7,500 teenagers which platform they spend the most time listening to music on. One in five (21%) reported local broadcast radio captures the biggest segment of their music listening time.
Two Larry Wilson-led companies are merging operations. Alpha Broadcasting, with six station stations in Portland, will combine with L&L Broadcasting, which has 43 stations in six markets. The combination, to be called Alpha Media, also strikes a $57 million deal to buy Main Line Broadcasting’s 19 stations in four markets: Dayton, Louisville, Richmond-Petersburg, VA and Hagerstown, MD.
IHeartRadio will be available in Subaru's new Starlink infotainment system for the first time, bringing a menu of 1,500 live radio stations and the ability to create custom stations from a catalog of 18 million songs. The updated Starlink system is being unveiled at the New York Auto Show, which opens to the public tomorrow. MORE
Continuing to evolve from all-news to news-talk, Cumulus Media’s “All News 106.7” WYAY is adding a second three-hour talk show to its primetime lineup. New England conservative talker Michael Graham will take over the 9am-12noon slot. Graham hosted afternoon drive on Greater Media’s former “News Talk 96.9” WTKK, Boston until the station flipped to rhythmic AC in January 2013. Since then he’s been heard on the online station Boston Herald Radio. MORE
After wearing out its copy of “Let’s Groove” by Earth, Wind & Fire, Magic Broadcasting’s WVVE, Panama City cued up “Fantastic Voyage,” the 1980 funk tune by Lakeside, and charted a new course with rhythmic oldies. Positioned as “feel-good old school,” “Groove 100.1” replaces hot AC “V100,” which has been trending down in the ratings and registered a 2.3 in 12+ in Nielsen’s Fall 2013 survey. MORE
“Bob is retiring” or so Emmis tells Terre Haute, IN listeners as adult hits “92.7 Bob FM” WFNB transitions to hot AC “B-92.7 – Today’s Best Music.” The station flipped from sports in late-2012 and its three book Nielsen ratings trend is 1.5-4.6-3.8. WFNB will look to carve a position between Midwest Communications, sisters CHR “100.7 Mix-FM” WMGI and AC WBOW (98.5). Listen HERE.
College and NFL Hall of Fame player and broadcaster Dan Dierdorf is joining the University of Michigan radio booth when the Wolverines take to the gridiron this fall. Rights holder IMG College announced today that Dierdorf will handle color analyst duties alongside 34-year play-by-play announcer Jim Brandstatter. Michigan football airs on flagship “Newsradio 950” WWJ, Detroit and about three dozen stations. MORE
If Senators Ed Markey (D-MA) and Rep. Hakeem Jeffries (D-NY) were looking for a way to rile talk radio hosts, their Hate Crimes Reporting Act seems like a good way to get the job done. With bills in the House and Senate, the lawmakers would direct the National Telecommunications and Information Administration (NTIA) to “analyze” media outlets — including radio — to determine if they’re working to “advocate and encourage” hate crimes. MORE
Months of settlement talks have come to an end, and Nielsen has settled its lawsuit brought by Arbitron against L.M. Communications last August. U. S. District Court Judge Karen Caldwell signed off on the agreement this week, a deal that court documents indicate will see no money changing hands. MORE
Discount retailer Family Dollar will put more of its dollars into radio in the coming year as part of a revamp to its marketing approach. “We intend to increase our use of radio, email and digital marketing to drive traffic and reinforce our value proposition,” CEO Howard Levine tells investors. MORE
Miami has never been a big rock market — it hasn’t supported a current-based rock station in years. But South Florida hoisted the classic rock flag a little higher in March when “Big 105.9” WBGG hit its highest 6+ share since at least October 2009. What’s behind the Clear Channel classic rocker’s 3.8-4.3 move? In a word, recycling. MORE
Since signing on in January 2013, Greater Media rhythmic AC “Hot 96.9” WBQT has wedged a position in Boston between the market’s younger-targeted CHRs and older-skewing AC and hot AC outlets. MORE
“Mix 92.3” WMXD wrestled the top ratings spot away from CBS Radio “NewsRadio 950” WWJ in the Motor City for only the third time in the past 14 ratings periods. The Clear Channel urban AC leapt nearly two full shares, from a third place 6.4 in February to a market-topping 8.3 in March. That’s WMXD’s best 6+ share since at least October 2009 when it had a 4.1. MORE
It’s the sort of headline that radio salespeople will no doubt be clipping and handing to clients. “Small-Business Web Ads Aren’t Reaching Targets,” shouts the Wall Street Journal. The issue is a growing number of Main Street advertisers are finding not only do paid search ads miss their demographic targets, but they’re actually expensive when put up against return on investment metrics. MORE
The digital dashboard debate remains unanswered: Do consumers want connect via their smartphones, or rely on built-in internet connections from wireless carriers that they may or may not have a subscription for? Volvo is betting on the latter, striking a deal with AT&T to power the web services in its new cars starting with the 2015 model year. MORE
Former talk radio host Mike Pence made the jump to Congress, then Governor of Indiana. But he’s reportedly now mulling a 2016 bid for president. Pence, 54, has the support from several deep-pocketed Republicans, including the billionaire Koch brothers which would help get a run off the ground. MORE
Cumulus Media’s KRUZ, Ft. Smith, AR (1060) has been plagued by a faulty transmitter and vandals who knocked the 500-watt daytimer off the air. The result, Cumulus tells the FCC, is it’s unable to negotiate a new lease for use of the tower. The company says it was able to return KRUZ to the air temporarily using a borrowed transmitter but it’s now looking for a new home for the AM.
The growing NAB Show is pushing radio vendors into a new space in 2015. Vendors say they’ll be moving to less desired space in the back of the Central Hall at the Las Vegas Convention Center. It will however consolidate the radio and audio vendors into a single area. The NAB had more than 1,700 exhibitors at this year’s conference.
Tax day came a day late, so to speak, for CBS. The company won Internal Revenue Service approval yesterday to convert its newly spun-off CBS Outdoor Americas into a real estate investment trust (REIT). The move will significantly reduce the tax burden on the company. CBS CEO Les Moonves said the move will “unlock its true value” and will allow a return of capital to shareholders. CBS holds an 81% stake in the unit, but those shares will be sold in the coming months as CBS Outdoor is converted to a REIT.
Los Angeles - Doug Sherman-led Immaculate Heart Radio breaks into the Los Angeles market with a deal to buy “Powerful Gospel Radio” KTYM, Inglewood (1450) from Trans America Broadcasting for $6 million. Immaculate Heart Radio owns a number of other stations in California, including in the San Francisco, San Diego, Sacramento, Monterey-Salinas-Santa Cruz, Visalia-Tulare-Hanford, and San Luis Obispo markets. Trans America will reorganize and change its name to Tel-America North Corp. as it continues to own KAIL-TV (channel 7) in the Fresno-Visalia, CA market. MORE DEALS