RADIO Si RECORDS Second in an Excllsive 'Series on Nashville Success Mapping the DNA of PPM MARCH 28, 2003 NO
Total Page:16
File Type:pdf, Size:1020Kb
RECORD -SETTING '4 MINUTES' Madonna Ties Mariah Carey For Most CHR /Top 40 Chart Hits, At 26, As '4 Minutes' With Justin) LATIN SPECIAL: New York's Heart Timberlake Launches At No. 23. Beats For SBS Latin Pop 'Amor' It's Her Highest Bow Since TALENT: N LOS,L.A. Free -Form 'Frozen' In 1998 Night Jock. Jim Ladd Still Beats Tribal Crum DANCING UP THE CHARTS REGULATORY: Has The FCC Goie Teenage Double Threat Locc Tc SafegL.ard Localism? Julianne Hough Turns °..`: : 'Tracking Dittoheads,' TV Exposure Into RADIO si RECORDS Second In An Excllsive 'Series On Nashville Success Mapping The DNA Of PPM MARCH 28, 2003 NO. -755 $6.50 www.RadioandRecords.com ADVERTISEMENT FROM TH- FASTEST SELLING UK DEBUT A_BUM OF ALL TIME...ALREADY 5); PLATIkUN'! n.,m1, WWW.LEONALEWISIlUS C.COM WWW.JRECCRDS.CCM 2008 J Records, a unit of SONY BMG Music Entertainment www.americanradiohistory.com intelligent Mosíc Scheduling Soft wO re Get it right. Every schedule. Every time. Find out why POWERGOLD's innovative features are making better radio for programmers around the world. Contact us to schedule your V.I.P. get together at the 2008 NAB in Las Vegas. [email protected] [email protected] 501.821.1111 www.americanradiohistory.com WWW.RADIOANDRECORDS.COM: INDUSTRY AND FORMAT NEWS, AS IT HAPPENS, AROUND THE CLOCK. RAR News Iwo _tes Ortuño To Program Approves Sirius -XM Merger ON THE WEB Austin's La Ley, Norteño ow Report: Clear Channel Sirius and XM Satellite Radio have cleared their first big hurdle on the vvay to the altar Buyout 'Near Collapse' Chayan Ortuño is named PD for Border Media by securing the I )epar :utent of justice's Antitrust I )ivision's approval to join operations. Partners regional Mexican outlets KHHL (La The regulators say they reviewed "millions" of pages of documents and did not feel that Shares of (:Tear Channel tell nearly 2U",ß to Ley) and KFON (Norteño) /Austin. "We have a competition vvas at risk if the sttcasters merged. S26.72 in the final minutes of trading March wonderful management team. We will do "After a caretùl and thorough review of the proposed transaction. the division con- 25 as the Wall Street journal reported that the great things in this company and working cluded that the evidence does not demonstrate that the proposed merger of XM and radio group's massive. SI') billion privatiza- together. I am confident that we will take this Sirius is likely to substantially lessen competition, and that tion deal lead by Bain Capital and Thomas to a new level,' he says. Prior to joininc BMP, the transaction therefore is not likely to bar m con - H. Lee Partners may have gone bust. Ortuño programmed Univision Radio's region- suners.'the I)Oj said March 24. in clearing the S5.7 bil- SIRIUS The Journal said that the banks that agreed S A T E L L I T E R A D I O al Mexican KDXX (Estéreo Latino), oldies lion, all -stock deal. to finance the deal-Citigfl)up. Morgan KLNO (Recuerdo) and Latin rhythm KFZO (La Sen. Byron I )org.un, I ) -N.I )., one of Capitol Hills lead- Stanley: Deutschehe Bank, Credit Suisse. IL13S Kalle) /Dallas. In addition, broadcast veteran ers in opposing media consolidation, called it "another dis- and Wachovia -got cold tìet.The report said Héctor Velasquez joins BMP as host of La appointing example of this administration; s blatant disregard that in recent days of talks, the private equi- Ley's morning show. He also previously for the public interest with regard to media ownership.' He ty firms and the lenders had tailed to resolve worked at Univision Radio.- Jackie Madrigal added.-This merger will eliminate all competition in satellite radio. and it's the American con- their differences over the deal's reedit agree - sumer that will p.iy the price.' Greater Media (:E() Peter Smyth called the decision "surpris- nent.According to reports. the banks would ing and disappointing. I Lind it disturbing that the merger vsas granted- And NAB executive immediately take .0 15 discount when the Cohen Gets Sweet WMG 2046-closes. VI' I )Minis Wharton said. "We are astonished that the Justice I kpartment would propose grant- deal -first announced in tall Re -Up ing a monopoly to two companies that systematically broke FCC rules tier more than a decade :' losing about S2.7 billion the minute the Warner Music Group The anal regulatory obstacle to completing the 13- month -old proposed merger rests papers are signed. has re- signed Lyor with the FCC, which is expected to render its decision by March 31. Approval from the A Clear Channel representative says the Cohen for a five -year commission is likely to come with a slew of conditions that could change the tenor of company is not commenting On the story. contract and upped the the deal.-Ie(rep lárke -10irp li'rke executive from president to chairmarotEO of New Door For Najarian North Amerca. As part Cohan ,,V 3E CR\C of his new contract, PR exec Lois Najarian. best- known for her Cohen gets a raise to $3 million from the previ- years with Epic. j Records and Dan Klores ous $1.5 million annual salary level. In addition, Communications. hangs out the shingle on his bonus ranges from a minimum of $15 million her own venture: the I)oor.The Brooklyn - to $5 million. The contract also awards Cohen 1.5 235M based company is billing itself as "a public million in stock options and 1.75 million perform- relations and brand -building idea house.' The number of listeners, in mil- The percentage adults age 18- The72 percentage of U.S. con- 95of ance -based restricted shares of WMG's common lions, that radio reaches per 49 who have a college degree sumers ages 12+ that heard one The Door opens with a client roster that week, according to March esti- and an annual household income or more network radio commer- stock, with the latter shares tied to WMG share- includes Michael Jackson: I toward Stern's mates from Arbitron's RADAR of $50,000 or above that listen cials in the course of a week dur- price performance. Cohen's contract says his (quivers: and (Radio's All Dimension ALdience to the radio during the week, the RADAR survey period. longtime partner Robin stock optiors become fully vested if he is termi- Research) % report. That num- according to RADAR 96. RADAR ong the prime advertiser - recording acts Natasha Bedin,rfìeld, reach ght demos, the nated due to a change in control of the company. ber is up from RADAR 92's esti- affiliates also 84% of audience Menudo and Sean Kingston. joining mate of 232 million listeners adults 25 -54 in households with commercials that aired on the 57 -Ed Christman, Billboard Najarian at the Door is Caroline Bubnis, one year ago. RADAR measures a college degree and an annual ranked radio networks reached 57 radio networks, including household income of $75,000 72% of persons 18 +, 72% of most recently a publicity director at Epic offerings from ABC, Westwood or above. persons 35 +, 74% of persons 18- Records.- Kerirr Carter Payton Adds One and Jones Media America. 49 and 74% of persons 25 -54. KOASNegas PD Duties Greater Media Remakes Riviera Broadcast Group /Las Vegas OM WPEN /Philadelphia Duncan Payton adds PD duties for smooth Bonneville Buys Back Into L.A. jazz KOAS (the Oasis)/Las Vegas, maintain- Bonneville International says hello, Radio One says goodbye. The former company is returning to Greater Media's struggling Philadelphia ing PD/morning host duties for alternative the Los Angeles market with its purchase of the latter's struggling urban AC KRBV for $137.5 mil- sports station WI'EN becomes an ES1'N sister KVGS (Area 107.9). He replaces PD lion. KRBV had negative cash flow of $5 million last year, according Bear Stearns analyst Victor affiliate, adding syndicated hosts Mike & Samantha Pascual, who exits the company. Miller, and was responsible for nearly 20% of Radio One's cash flow declines in the last four years. Mike in i ornings.The station will feature Payton brings nearly 30 years of radio At one time, Bonneville owned L.A. stations KZLA, KBIG and KBRT. firmer morning host Jody McDonald in experience in multiple formats and markets. Sources say Bonneville will flip KRBV to all -news, giving CBS Radio news KNX and ntiddays, tbllovved by syndicated host Riviera Vegas VP /GM /VP of digital Dave KFWB an FM competitor. If that's the case, Bonneville will take KRBV -which managed a 1.3 Mike Tirico. Market vet Mike Missanelli, Presher says, "Duncan has an incredible 12+ in the fall 2007 Arbitron- against KNX's 2.0 and KFWB's 1.4. In a press release, who previously worked at crosstown rival background. We look forward to putting his Bonneville said that it will begin a Time Brokerage Agreement with Radio One shortly. The CBS Radio sports WII', takes afternoons. unique, multiformat talent to work for transaction is expected to close in the second quarter. WPEN starts with a I2+ share of 11.5, Oasis listeners and clients.' Payton adds, Radio One purchased KRBV as urban KKBT (100.3 the Beat) and flipped it in 2006. It compared with W I I''s ?.7. -.l like Stern "We have an incredible staff both on- and has continually fought for ratings, despite marketing campaigns and the addition of familiar off -air at Oasis, and have the great support personalities like Cliff Winston, John Monds and Diana Steele.