INSIDE: RCA Exec
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AUGUST 11, 1995 Rovner Becomes INSIDE: RCA Exec. VP/GM Jack Rovner has been named Exec. VP/GM at RCA Records. He most recently was BMG En- tertainment North America's Sr. VP/BMG Ventures SELLING AGENCY & Marketing. CLIENTS ON NAC "Jack's knowledge of the record business, market- skills Overcoming objections and linking ing savvy, and strong management and leadership Rovner will be invaluable as we build on the success recently the station's latest numbers to enjoyed by RCA," said label President Robert Jamieson. Rovner advertisers' needs. Spend a day in will work closely with Jamieson in managing all RCA operations. an aggressive artist development plan, RCA means to be- the life of KTWV (The Wave)/Los "With come one of the most exciting and innovative labels in the business," Angeles AE Maria Anthis -Turenne Rovner remarked. "I look forward to cultivating a dedicated team as as she calls on agency clients. ROYNER/See Page 12 Page 74 R &R Sets Talk Shamrock -Chancellor Pact Radio Seminar s part of its growing commitment RATINGS RESULTS The Shape Of Deals To Come? '\ to the booming Talk to- mat. R &R has announced it will hold a major Talk FOR ROCK FORMATS which makes The sale of Shamrock Broadcasting to The Chancellor purchase - radio convention, set for Fe3ruary 22- IN MAJOR MARKETS Steve Dinetz's Chancellor Broadcast- it the country's third-largest radio -only group 25, 1996 at Washington, Dm's Grand How did Rock, Classic Rock, ing Co. for $395 million last week not only with 33 major- market stations (21 FM and 12 Hyatt Hotel. constitutes cite largest sale of a radio AM) was made at a multiple of Alternative, and Progressive - The first R &R Talk Rado Seminar property to .date, but analysts say it's a 10.8x cash flow. But brokers say the will provide learning oppor unities for stations stack up in the Spring model for what's sure to come. If own- recent high multiples aren't just the format PDs, GMs. hosts. and produc- Arbitron? Here are the highlights ership limits relax as expected, new result of frenzied buyers; buyers aren't ers Besides workshops focused on mega -corporations will spring up, driv- evaluating stations on just individual topics of specific interest tr Talk, the and lowlights from the Top - - ing quick acquisitions for large multi- performance, but on how they will per- seminar will feature uniquE problem - 20 markets. ples. And though a down cycle may form as part of a group. "[Buyers] are solving sessions, addresser by promi- Page 58 follow, analysts don't expect a cata- looking at the first -year consolidated nent Talk and political figures, and an strophic crash like that of the late '80s. cash flow, and that's where you get exhibit of new products anc program- Clearly, dealmaking is being spurred these numbers," said theled Hepburn ming material. the by the anticipated passage of legisla- Co.'s Todd Hepburn. "Substance and valua are tion abolishing ownership limits, watchwords were living by as we plan Dinetz Future Won't Repeat the R &R Talk Radio Sem nar." said which cleared another hurdle by win- COO Erica Farber. "Every ilk pro who GETTING CANNED ning House approval last Friday (see sepa- If the cash flow can support the anticipat- attends this event will walk away full of rate story, this page). "The Chancellor deal ed big deals, prognosticators say there will KEY TO SUCCESS? new insights, ideas, and contacts." Look have happened it weren't for de- be a soft landing when the market inevitably wouldn't if for additional information or the semi- KHKS/Dallas morning star Kidd CHANCELLOR/See Page 16 regulation,' said broker Gary Stevens. nar in forthcomino issues of R &R. Kraddick explains how his first taste of failure (at crosstown KEGL) helped spur him to greater success. Capitol Ups Kirkland To Exec. VP 9 Page 24 Rising Tide Recruits Lundval Appointed East Coast GM Capitol Rec- *;. In his new Exec. VP ords has prompt- role, Kirkland Glass As ed Bruce Kirk- will oversee BY COREY LEVITAS IN THE NEWS ... land to Exec. VP ',". = sales, marketing, R &R STAFF WRITER and promotion Daniel Glass has been recruited by Rising Tide Ronald Sweeney becomes and Bruce Lund- vall to GM/East at the Tower. Entertainment as Exec. VP. The one -time EMI Epic Exec. VP/Black Music Coast. Kirkland He'll also con - Records President/CEO is the first exec hired by & Sony Music Sr. VP most recently tinuetoresearch, former Warner Music U.S. Chairman Doug Mor- was the label's develop, and im- ris for the embryonic label. Richard Nash now EEG Sr. VP/Market- plement new "I'm thrilled to join Doug on the ground floor of Sr. VP/Black Music Div. Li. market - what will be the best home for artists and a won- ing & GM; n- Kirkland Lundvall Capitol Wendy Naylor appointed dvall will ccn- ing and business derful environment for our new team," Glass told tinue as ventures. R &R. His new responsibilities will include assem- MCA VP /Alternative Promo Bile Glass turnaround Note /Metro Blue Records "The incredible GLASS/See Page 16 Terry Stevens new President. CAPITOL/See Page 16 Capitol/Nashville VP/Nat'l Promo Jim Allen named PD for WWRC/Washington Clinton Viewed Unlikely Page 3 To Stop Telecom Bill Lisa Rodman becomes WZJM /Cleveland PD Opponents hope for one last stand Kerry Wolfe named After suffering defeat in the House of Representatives last week, WOKY & WMIUMilwaukee OM opponents of radio ownership deregulation set their sights on the House, where they hope President Clinton will make one last Dennis Reese appointed White stand against pending legislation that would eliminate all radio own- Work Nat'l Dir. /Promo Soft AC For The Hard At Work ership caps. Norbert Nix, Pat Surnegie "It's not over yet," said Greater Media CEO Tom Milewski, who hook or by crook, KXEZ (Easy 100.3)/L.A. simply had to cash heads the Coalition for Broadcast Diversity, a group of broadcasters named Nat'l Promo Dirs. Byin on the cachet of all those UK press reports that actor Hugh opposed to removal of the ownership limits. "It's not over until the for Mercury/Nashville Grant and Divine Brown were listening to the Viacom outlet during president signs the bill." Page 10 their history-making liaison. The station's new 30- second TV spot Unfortunately for Milewski and other opponents of radio deregula- features the divine one herself, cooing, "Easy 100.3 is the perfect tion, most observers believe Clinton will sign the bill - or allow it to station to listen to ... while you work." Will Brown's next KXEZ spot become law without his signature. In any case, they agree the radio mention the Soft AC's heady potential for in-car listening? NEWSSTAND PRICE $6.50 TELECOM/See Page 16 www.americanradiohistory.com PCU6fr a f«fwyu "HOW WONDERFUL WE ARE" The debutPEOPLE single from the original soundtrack album AUD DATE: AUGUST 14 PEOPLE ...A Musical Celebration of Diversity Featuring... Peabo Bryson Heavy D Al Jarreau Chaka Kahn Dave Koz Ivan Lins Lebo M. Jason Miles Brenda Russell Lea Salonga Sounds Of Blackness Grover Washington Jr. Vanessa Williams Soundtrack available in stores September 19 Produced by Miles IICHiY+1A Jason %%0 2 ® © 1995 Lightyear Entertainment, L.P. A Lightyear Entertainment release, distributed by WarnerVision/WEA WW2 www.americanradiohistory.com AUGUST 11, 1995 Sweeney Gets No Veto From These Presidents PAGE THREE ISSUE NUMBER 1 107 Sony Music, Epic VP Posts FEAT V R ES Black -music industry attor- ney /manager Rona l d 4 > Radio Business Sweeney has FCC annual fees coming due been appoint- Completely bypassing both the House and the Senate, the Presi- dents Of The United States Of America (seated, l -r) Chris Ballew, ed Epic Rec- - Jason Finn, and Dave Dederer - recently signed their Columbia 10 > Newsbreakers ords' Exec. contracts into law. On hand to observe the culmination of all their VP/Black Mu- lobbying are (l-r) attorney Jeanine Codikow, Columbia's Leah Reid, 18 > Street Talk sic as well as Sony Music Entertainment Exec. VP Michele Anthony, Columbia Sky Daniels Island hops! Sony Music Records Group Sr. VP John ingrassia, Columbia's Josh Sarubin, Entertain- President Don lenner, and Sr. VP /A&R Alan Mintz, manager Staci Sweeney Slater, and attorney Dave Codikow. 20 Timeline ment's Sr. VP. > In his Epic post, the New York - based Sweeney will oversee all black -music A &R, marketing, and promotion. At SME, he'll be involved in worldwide strategic Elektra Entertainment Names planning. SWEENEY/See Page 16 Nash Sr. VP/Black Music Div. 14 > Media Richard Nash has "Having worked closely The whole Hole truth? been named Sr. VP/Black with him for many of Taylor Now MCA Music Division for the those years, I know first- Elektra Entertainment hand of his tremendous re- VP /Alternative Group. He previously sourcefulness in facing the held a similar post at At- everyday challenges that Music Promotion lantic. come with such a role." "Throughout his ca- Wendy Nay- Nash remarked, "I look 21 National Radio/Video Formats has exem- > lor has as- reer, Richard forward to working with lead- sumed MCA plified the kind of Sylvia Rhone again and 41 > Nashville ership and executive acu- the wonderful team she 10th Farm Aid concert Records' men that makes him one Nelson sets newly created Na sh has assembled to lead of the most respected VP /Alterna- Elektra in such an exhil- tive Music forces in the industry," said EEG arating time in its history." Promotion Chairman/CEO Sylvia Rhone.