BTIG analyst Richard Greenfield has been an outlier on Wall Street when it’s come to Pandora. In the past he’s said the stock price overvalued the company, and questioned growth forecasts. Now Greenfield is taking on something that many broadcasters have found even more frustrating: Pandora’s pronouncement that it’s the top station in most markets.
The smartphone isn’t just a way for radio to reach young listeners. Nielsen reports for the first time a majority of Americans of all age groups own a smartphone. That figure now includes adults over the age of 55. In the 55+ demo, Nielsen says 51% now owns a smartphone, up 10 points from a year ago. MORE
The radio industry has squared off with CTIA-The Wireless Association in the debate over whether FM should be in cell phones. A change at the trade group may bring an opportunity to reset the debate. Former FCC commissioner Meredith Attwell Baker has been named as the new president of CTIA effective June 2. She succeeds Steve Largent, who announced his retirement last October. Baker most recently was working as a lobbyist for Comcast-NBCUniversal. MORE
Looking to spark up ratings at its Des Moines news/talker, Cumulus Media has re-launched KWQW as “98.3 The Torch – Common Sense Radio.” The overhaul includes a new morning show hosted by program director Robert Rees and a new lineup of syndicated hosts. KWQW had been known as “98.3 WOW-FM.” MORE
Another election, another former radio host running for office. Former progressive radio talker Nancy Skinner has announced plans to run for a House seat in Michigan, according to the Detroit News. Skinner anchored mornings at former Air America affiliate WDTW, Detroit; co-hosted “The Doug Stephan Show” and was a TV commentator. MORE
Clear Channel’s “News Radio 1200” WOAI, San Antonio late-afternoon (5-8pm) host Joe “Pags” Pagliarulo is returning to Houston’s airwaves. He previously worked at Clear Channel’s “News Radio 740” KTRH and talk sister KPRC (950) between 2006 and 2013 and Pagliarulo tells Inside Radio KPRC will simulcast his WOAI show starting April 28. It adds to his list of duties. Pagliarulo hosts Premiere Network’s syndicated “The Weekend” show and he hosts a Saturday afternoon program on Clear Channel’s “News Radio 850” KOA, Denver.
Pandora’s a company that’s valued by investors on potential, not the $41 million of red ink it racked up in 2013. So perhaps the same can be said about CEO Brian McAndrews. He joined the company last September and in just four months of working at the webcaster has earned $29.2 million. MORE
Is there more than one way to create play-by-play? The coming basketball season will become a sports radio laboratory as the Detroit Pistons get their own HD2 channel, one that “Sports 105.1” WMGC program director Jason Dixon says will be used to experiment with alternative ways to present game-time broadcasts on their new flagship. MORE
Former progressive radio talker Nancy Skinner has announced plans to run for a House seat in Michigan, according to the Detroit News. Skinner anchored mornings at former Air America affiliate WDTW, Detroit; co-hosted “The Doug Stephan Show” and was a TV commentator. MORE.
With 630,000 Twitter followers and a career that spans radio, TV, the recording industry, the club scene and car shows, Funkmaster Flex is a poster child for cross-media personalities. So it’s little wonder Emmis is investing in the “Hot 97” WQHT, New York night host. The broadcaster has formed a joint venture with the influential DJ that gives it a 40% ownership stake in his Flexco company. MORE
One of Madison Avenue’s hottest trends is gaining traction at broadcast radio. Tech company Jelli says 188 radio stations joined its programmatic ad platform RadioSpot in the first quarter, more than double the number that came on board in last year’s fourth quarter. MORE
Consolidation has meant there are fewer radio news director jobs available, and as a result the annual Radio Television Digital News Association newsroom survey finds people are hanging on to their positions. The typical news director has been at their station for 9.2 years, although the median was just five years. MORE
It’s time for me to go,” syndicated talk host Randi Rhodes says. The Premiere Networks host says the decision to cease production of her program on May 16 isn’t to start a new show somewhere else, or even a podcast, but to segue to a new chapter in her life. MORE
After seven years of waiting, Principle Broadcasting Network has had enough. It’s walked away from a $9 million deal to buy a pair of Dallas stations. The transfer of ethnic brokered KFCD (990) and KHSE (700) from Bernard Radio had been tied up by a dispute between the former owner and his controversial lender. MORE