New business opportunities for radio are increasingly sprouting up off the air. The type of events stations are staging this year is expanding far beyond concerts, to include beer festivals, dog carnivals and food fairs. That’s helping attract new nontraditional advertisers to radio.
Had sports WEEI-FM, Boston (93.7) morning show co-host Kirk Minihane simply apologized for calling Fox Sports sideline reporter Erin Andrews a “gutless bitch” on the air, the controversy might have blown over. But Minihane dug himself in deeper with more derogatory comments last Wednesday. Now Fox Sports has informed Entercom that it will pull all of its advertising from all of the company’s stations and Entercom has reacted by suspending Minihane. MORE
During the height of the Donald Sterling controversy last spring, “News Talk 980” KFWB, Los Angeles went with wall-to-wall Clippers coverage. Come September, the Clippers flagship will take a deeper dive into sports, dropping its current format to become the market’s fourth sports station management confirms. MORE
Financial results reported by Beasley Broadcast Group offer more evidence of the difficult market conditions faced by the radio industry during the second quarter. On a same-station basis, local ad billings for the company tumbled 10% while national slid 13%. MORE
Wasatch Public Media’s news-talk KCPW-FM, Salt Lake City (88.3) has been working to find its financial footing for the past few years. Now there’s word the public broadcaster’s president has resigned. Ed Sweeney reportedly turned his resignation in at the board’s July 12 meeting as a way to help KCPW save money. MORE
The total number of employees working in radio newsrooms ticked higher over the past year, according to the annual Radio Television Digital News Association-Hofstra University survey of broadcasters. But it might not be in the way anyone working in radio news would like, says Hofstra emeritus professor of journalism Bob Papper, who oversaw the research for the RTDNA. MORE
Townsquare Media reports last week’s IPO netted the company $85,249,997 after underwriter discounts and commissions are factored in. That’s about $20 million less than it had earlier projected going public would net the company. But Townsquare cut its opening share price to $11 to adjust to market demand. Yet there was also some good news Friday for the stock. After dropping during its first day on the market, Townsquare’s stock price rose more than 2% on Friday to close at $10.50 per share.
With the Alaska state Republican primary just a few weeks away, more dollars are moving into radio. The Alaska’s Energy/America’s Values political action committee has announced it will adapt its TV ads into one-minute long radio commercials backing Dan Sullivan for the U.S. Senate. Politico says the super PAC is spending about $80,000 on the spots. MORE
From collecting backpacks to school supplies for needy kids, back to school season is one of radio’s busiest times of years for community service. CBS Radio’s “News Radio 1020” KDKA, Pittsburgh will hold a radiothon on Wednesday (7/30) to help raise money for The Education Partnership. It’s a non-profit organization that provides school and classroom supplies at no charge to schools. In the coming weeks, KDKA says it will also be holding a number of remotes as part of the “Crayons for Kids” campaign to encourage listeners to drop off supplies for kids.
After the FCC released its biennial ownership data showing the number of Latino radio owners is still low, the National Hispanic Media Coalition (NHMC) is pushing the agency to conduct an “aggressive slate of research projects.” NHMC EVP Jessica Gonzalez thinks regulators should know whether the current media ownership rules are doing enough to increase minority ownership. MORE