Kentucky Broadcasters Association THE VOICE OF KENTUCKY BROADCASTERS

2013 annual report contents message from Chairman Bill Lamb

Chairman’s Message . . . . .2

President/CEO’s Message . 3. As I conclude my year as Chairman of the Kentucky Broadcasters Association, KBA Services and Benefits I do so with a mixture of satisfaction, sadness, and anticipation. The satisfaction comes from all our organization has accomplished this year, ABIP ...... 4 and I don’t mean to imply that I had much to do with that. The credit must go to Gary White, our outstanding President, with marvelous support from our board Lobbying ...... 4. and our member stations. This has been a record setting year on many levels. The KBA fiscal year ended Nov. 30, with a record income of almost 1.4 million Scoholarships ...... 5. dollars, netting a tidy profit of just over $400,000. This financial stability has allowed us an unprecedented growth of our services and benefits to our member KBART / PAC ...... 6 stations. TDGA ...... 6 The sadness comes as a result of the sudden passing of Kevin Riecke, our Director of Sales for KART. He was a good, sincere man with a challenging KART ...... 6 job which he approached with optimism every day. He left us much too soon. I am proud to say the KBA board did some things to help Kevin’s wife and kids Legal Hotline ...... 7 through the end of the year that were both needed and appreciated by his family. My anticipation comes from what we have done to prepare for a prosperous KBA Seminars future. We have started to realize that we, as broadcasters, have significant and Training ...... 8. collective influence and we are learning how to harness that power for the good of our listeners, our viewers and our own businesses. In the big scheme of KBA Annual Conference things, our individual stations or groups may be small, but there is nothing small & Award Winners . . . . .9 about us when we band together. Broadcasters are all ultra-competitive people and sometimes we may have to learn to sublimate our competiveness for the KBA Member Benefits .10-11 opportunity to join something bigger, stronger, and more productive than what PEP ...... 15 we could accomplish individually. This realization gives me great hope for the future. Our relationships with our legislators have never been stronger. Thanks to Financial Report . . . . . 16 Gary’s gentle prodding, we continue to stay in front of our lawmakers on a regular basis to not only have contact with them, but contact with impact. KBA Past Chairmen . . . 19 More anticipation: We hired James Reed to run KART. I anticipate that he will take what Kevin started and continue to build upon it. James is a very talented individual and I’m glad he has joined KART. Finally, I anticipate that we will continue to grow and prosper under the continued leadership of Gary White, the great organization skills of Patti Pullen and the new Chairmanship of Rick McCue next year. Thank you for allowing me to be your Chairman for 2013. It has been an honor and a privilege.

2 KENTUCKY BROADCASTERS ASSOCIATION message from board of President/CEO Gary R. White directors

Bill Lamb Chairman WDRB-TV WMYO-TV, Louisville Rick McCue, Chairman-Elect WBKO-TV, Bowling Green Kelly Wallingford, Past-Chairman It is a challenge for me to write about what has happened in the past. Now don’t Wallingford Broadcasting, Richmond take me wrong, it has been a great year for the KBA and we have a lot to reflect on Radio Directors and be proud of but, I get more excited thinking and talking about what may, can and Chris Freeland will happen in the future. Throughout this Annual Report you can read about what WCBL AM/FM, Benton Bob Kelley has happened in the “past” year. On pages 10 and 11 is a list of benefits, services and WFMW WKTG, Madisonville programs currently offered by the KBA. In 2013 the list grew with the addition of Tom Ulmer items like the Continuing Education Reimbursement Program, the Poynter Institute Main Line, Broadcasting, Louisville News Reporting Seminar and the National Radio Talent Institute. All of the KBA’s Derron Steenbergen offerings are designed to save broadcast stations money or help them make more Commonwealth Broadcasting, Glasgow money through better management, programming and sales training. And they are Bill Gentry Clear Channel, Lexington all provided at no cost to member stations. The Mission of the KBA is to represent Bridgett Gambrel and further the interest of broadcasters. There is no doubt we met that challenge Forcht Broadcasting, London/Anneville in 2013, as the Mission Statement says, “through meetings and publications, and Chris Winkle providing educational services through conventions and workshops”. WCYN-AM, Cynthiana The statement also says the KBA is to further the interest of broadcasters through Adam Gearheart “other appropriate means” in order to better to serve the public. It’s that word Gearheart, Harold Paul Hitchcock “other” that gets me excited because now we can think and talk about what may, WMKY-FM, Morehead can and will happen in the future. 2014 is under way, please don’t hesitate to contact Television Directors me or your KBA board representative with suggestions and ideas to help us better Marti Hazel serve you this year. Bring it on. let’s keep the services and benefits list growing! WDRB-TV/WMYO-TV, Louisville Chris Aldridge WTVQ-TV, Lexington Nick Ulmer WFIE-TV, Evansville Julie Schmidt KET, The Kentucky Network, Statewide Mike Feldhaus, Associate Member E L U Productions/ KY Farm Bureau, Louisville At-Large Members Lynn Martin L M Communications, Lexington Keith Casebolt Casebolt Marketing/Broadcasting, Pikeville Dawn Sciarrino-Legal Counsel Sciarrino & Shubert, Centreville VA

2013 ANNUAL REPORT 3 KBA services and benefits ABIP 2013 LOBBYING KBA – 2012 Alternative Broadcast Inspection Program Report 2013 was our third year of offering FREE ABIP inspections to KBA member stations. The cost was previously $300 and up! While we have seen an increase in new stations signing up, there are still many that are not taking advantage of this valuable opportunity. When a station signs up for ABIP they will be contacted by an FCC trained KBA inspector to arrange a mutually satisfactory inspection date. Inspection results are confidential between the inspector and station management. The FCC is not notified of any violations, only that a station has passed. The ABIP does not impose fines or NAL’s. Occasionally, I hear ABIP referred to as a “Mock Inspection”. That is a misnomer. ABIP is performed under contract with, fully sanctioned and recognized by, the Federal Communications Commission. Any station passing the ABIP receives a certificate exempting it from random FCC inspection for a period of three years. Testimonials are available from pleased broadcasters across the state!

Greg Happel, Director KBA Alternative Broadcast Inspection Program For further information contact Greg Happel at: [email protected] Phone (270) 325-4120 or the KBA office: [email protected] (888) 843-5221

4 KENTUCKY BROADCASTERS ASSOCIATION SCHOLARSHIPS

2013-14 Harry Barfield Scholarship This marks the 22nd year of the program.

During 2013, the Kentucky Broadcasters Association proudly “The KBA is announced the recipients of its 22nd annual Harry Barfield proud to be able to Scholarship awards program. help these talented The four new recipients who received $2,500 scholarships students pursue their for the 2013-14 academic year are: Whitney Davis of Western higher education,” Kentucky University, DaJuan Edwards of the University of said Gary White, Louisville, Ashley Hancox of the University of Kentucky, and president and CEO Caitlin Jackson of Eastern Kentucky University. of KBA. “This year’s The scholarships are awarded through a competitive total of $20,000 means that the KBA now has application process which includes academic achievement, the awarded nearly $190,000 in Harry Barfield Scholarships since recommendation of a faculty member, and extracurricular the inception of the program in the 1992-93 academic year. activities. The awards are renewable for a second year provided Many of these recipients have gone on to successful careers in recipients continue to meet specified criteria. broadcasting and other related communications fields.” In addition, four students who received the KBA Harry Barfield The program is named in honor of Harry Barfield, the late Scholarship in 2012-13 had their awards, also valued at $2,500, president and chairman ofWLEX-TV in Lexington. renewed for the 2013-14 academic year: Kelly Berry of Lindsey Carl Nathe of the University of Kentucky Public Relations & Wilson College, Danielle Collier of U of L, Ryan Vennell ofWKU, Marketing office administers the program. and Scott Vennell of WKU. Ryan and Scott are twin brothers.

KBA High School Senior Scholarship In 2013 the KBA continued the KBA High School Senior Scholarship Fund, for the children of Kentucky broadcast station employees. In the second year the KBA awarded fourteen scholarships of $ 1,500 each for a total of $21,000. The scholarship can be used to aide in the payment of tuition, books, room/board or other incidentals. The students must attend fulltime a college, university, vocational school institute of technology, or academy that awards academic degrees or professional certifications. Listed below are the inaugural recipients of the scholarship.

Samantha Lewis daughter of Paul Hitchcock, Josie Quinn Lavey daughter of Jeffrey Lawrence, WMKY-FM - Morehead WKYQ-FM – Paducah William Edward Booth, III son of Bill Booth, WKDZ-FM - Cadiz Leighton Dean Lavey son of Jeffrey Lawrence, Alex Hibbs daughter of Christine Hillard, WBVR/WUHU WKYQ-FM - Paducah Bowling Green Hope M Frazier daughter of Scott Frazier, WVLK – Lexington Christian F Farmer son of Keith Farmer, WLKY-TV – Louisville Jessica M Hartnett daughter of Mike Hartnett, Jonathan E Dunn son of Vicki Dortch, WLKY-TV - Louisville WAVE-TV – Louisville Brianna L Willoughby, daughter of Monica Grambrel, Geena L Ray daughter of Jeff Ray, WKDP-FM - Corbin Gateway Radio – Owingsville Shelby P Nickol daughter of Lynda Lambert, Abby C Royse daughter of Jan Royse, WHVE-FM – Russellville WXMA-FM – Louisville Benjamin D Tucker son of Benita Tucker, WKYT-TV – Lexington

Congratulations to all of these students (and parents) and good luck to future applicants.

2013 ANNUAL REPORT 5 more KBA services and benefits KBART / PAC KART Flourishing With Exponential Growth and Big Futures James Reed

On August 1, 2013 I took over as the Director of Sales for KART. As I write this, on my 111th day on the job, I am happy to announce that I have secured over $1.2M in non-political billing for 2014. An amount greater than KART’s combined non-political billing for the four years since its inception (2010, 2011, The Kentucky Broadcasters 2012 and 2013). However, we’re not satisfied stopping there... with numerous Alliance for Radio and Television potential prospects pending, and the onslaught of political advertising we hope to place in 2014, KART is set for a. unprecedented year! This, while putting experienced a year of growth in more money into airtime on KART member stations than traditional advertising 2013. The PAC made contributions agencies. As you know, unlike traditional advertising agencies, KART does not to Republican Party of KY, The charge any account service fees and does not invoice for billable hours. This means KY House Democratic Caucus that KART is placing more of our clients’ money with our broadcast partners in actual airtime, and less in fees. and the KY Senate Republican The sky is truly the limit for KART and we’re working on some very big things. Majority. The silent auction held Please help us spread the word, and if you know of any clients (businesses, politicians at the KBA convention in Bowling or government agencies) requesting RFP’s for media placement, please let us know! Green in October raised over $4,500 for the PAC. That was an increase of over $1000 from the previous year. TDGA 2013 ended with the PAC KBA’s membership provides full access to the resources of TDGA - The Traffic having funds of over $11,746. The Director’s Guild of America. Membership in TDGA has reached just under 277 KY states broadcasters continue to stations. KBA funds the full year member benefits for Traffic, Sales, Operations, Bookkeepers and other traffic-related personnel. If you want to include your staff support and contribute to KBART. in this feature-rich program, contact the KBA office for the current year’s Group Code that covers all fees in the on-line sign-up procedure. Glossaries, Reports, References, Filing Calendars are all included along with a unique offering of easily accessible services aimed at Traffic professionals for Radio, Television, Commercial & Non-Commercial Station members of KBA. For all sized markets, standalones, clusters, groups and Traffic Hubs, the KBA PEP program provides the funding for the actively used services offered to our KBA members and their staff. We’re delighted to say: KBA has a friend in the Traffic Business, via our long TDGA Membership Alliance program.

6 KENTUCKY BROADCASTERS ASSOCIATION KBA LEGAL FCC proceedings in which the Kentucky and other state HOTLINE Broadcasters Associations have jointly participated this year on behalf of their members. Monica Diaz Dawn Sciarrino 2013 Questions regarding the legal risks of certain advertisements In the Matter of Expanding the Economic and Innovation dominated the calls to the KBA Legal Hotline in 2013 Opportunities of Spectrum Through Incentive Auctions, Notice of Proposed Rulemaking (Docket No. 12-268). Joint You asked whether there are any legal risks associated with Comments filed with the FCC on January 25, 2013. broadcasting advertisements for the Hoosier Lottery. You wanted In the Matter of FCC Seeks Comment on Adopting to know whether broadcasting an ad for e-cigarettes would run Egregious Cases Policy, Public Notice (Docket No. 13-86). afoul of any laws. You asked whether a radio or TV ad could Joint Comments filed with the FCC on July 22, 2013. The invite customers to sample wine sold at a liquor store. And you participating State Broadcasters Associations identified asked many other non-advertising questions, including whether specific actions that the FCC should take immediately it’s advisable to obtain errors and omissions insurance coverage, to extricate itself from continuing to infringe the First whether Kentucky has a bulk sales law, and the remedies available Amendment rights of broadcasters in the area of indecency for breach of contract. In the Matter of Standardized and Enhanced Disclosure Frost Brown Todd attorney Monica Dias staffs the KBA Requirements for Television Broadcast Licensee Public Legal Hotline on matters of Kentucky law and First Amendment Interest Obligations, Public Notice (MM Docket No. 00- law. Although advertising questions are the most common, the 168). Ex Parte Letter filed on November 13, 2013. The hotline also provides quick answers to legal questions regarding participating State Broadcasters Associations continued newsgathering and news dissemination, use of social media and their opposition to the requirement that television the internet, copyright and trademark issues, access to public stations post their political files online, particularly given records and public meetings, and other matters of state law, that there is no parallel regulation requiring cable and intellectual property law and media law. satellite providers to post online the same competitively For the answers to the questions noted above, or to any of your sensitive information about political advertising rates. questions about Kentucky law and First Amendment law, call the The Associations urged the Commission to lift its current hotline. It’s available free to KBA members for questions that can broadcast-only, asymmetric online political file rule at be answered by phone without research. Contact Monica at (513) least until the FCC requires cable and satellite operates 651-6783 or [email protected]. — Monica to post the same information online. In the Matter of Equipment and Operational Issues Never a dull moment in Kentucky politics! That’s the view Identified Following the First Nationwide Test of the from your Washington legal hotline. For the 10th year in a Emergency Alert System, Public Notice(EB Docket No. row, political calls dominated the hotline and always provide a 04-296). Joint Reply Comments filed on November 19, source of frustration and amusement to KBA members. Other 2013. The participating State Broadcasters Associations, hot topics included e-cigarettes, lotteries and contests, tower while complementing the outstanding work of the FCC, painting and lighting, public file and of course, liquor advertising. FEMA, the NAB, NPR and many others in the area of EAS, Things are changing at the FCC with a new Chairman and new emphasized that they are the equally committed, boots- Commissioner and we’re watching the agenda closely as spectrum on-the-grounds representatives of the broadcast industry auctions, FM translators for AM Stations and other important whose EAS-related mission is to best ensure that the tried issues are debated both at the FCC and on Capitol Hill. The and true, one-to-many, communications architecture of hotline is here for all KBA member stations, free of charge for our nation’s radio and television broadcasters continues to basic regulatory matters. So, don’t forget to call us with your be relied upon as a highly efficient communications tool regulatory questions. Best wishes for a prosperous 2014, Dawn, protecting lives and property and speeding recovery efforts Lee and Christine. — Dawn after virtually any kind of natural and man-made disaster.

2013 ANNUAL REPORT 7 KBA 2013 seminars & training events

KBA Road Trip - Sean Luce, Luce Performance

Seminar at KBA office - Al Tompkins, Poynter Institute

8 KENTUCKY BROADCASTERS ASSOCIATION 2013 Conference Speakers 2013 Conference Photos

Keynote Speaker Gordon Smith

Graham Newell Bill Lamb

Monica Diaz Dawn Sciarrino

Bobby Petrino Ray Harper – Lunch Keynote Christine McLaughlin Jamie Gillespie

Engineering Sessions Fred Scott Chris Crump Jeff Welton Jim Armstrong

2013 ANNUAL REPORT 9 KENTUCKY BROADCASTERS ASSOCIATION

FCC Legal and Regulatory Hotline that provides KBA member stations answers to legal and regulatory questions at no charge. This service is provided by attorney Dawn Sciarrino. She also provides stations seminars in Kentucky on Political Advertising, EEO issues and license renewal.

Kentucky Legal Hotline with Attorney Monica Dias Frost Brown Todd, LLC. This service allows KBA members to get quick answers to questions about Kentucky advertising regulations and first amendment issues. Attorney Monica Dias of Frost Brown Todd, PLLC

Alternative Broadcast Inspection Program (ABIP) a free inspection that ensures broadcast stations are in compliance with FCC Rules and Regulations.

State Lobbying and an active Political Action Committee (KBART). The KBA has fought for and against various issues in recent years and has always won the battle on behalf of broadcasters.

Annual Washington, D.C Group Lobbying trip. Each year the KBA organizes a delegation of Kentucky broadcasters that travels to D.C. for face-to-face meetings with members of Kentucky’s Congressional delegation and discuss congressional and FCC issues affecting broadcasters.

In-state district meetings with members of Kentucky’s Congressional Delegation. This is a chance for local broadcasters to sit down with their representatives while they are home and discuss issues that impact broadcasters and potentially their local community.

Kentucky General Assembly Update Service with veteran Kentucky reporter Richard Farmer.

Annual Conference This is KBA’s biggest event of the year with registration, lodging, meals, golf and entertainment provided a no cost to station employees. This is an opportunity for the KBA to say “Thank You” to stations that participate in the Public Education Partnership (PEP) Program. Keynote Speaker, Gordon Smith, NAB President/CEO.

Jim Doyle’s annual Television Sales Session provided free to members.

Jim Doyle’s “Leaders Edge” service available free to member stations

Various Broadcast Sales Training Seminars offered at no cost throughout the year, featuring speakers such as:

• Paul Weyland, Joe Bonura, Mark Levy, Sean Luce, John Potter, Brandeis Hall and Jeffery Hedquist.

• RAB Webinars Monthly webinar access to RAB Sales Trainers on various topics. This service is provided at no cost to member stations. 10 KENTUCKY BROADCASTERS ASSOCIATION KENTUCKY BROADCASTERS ASSOCIATION Member Benefits

• Continuing Education Training Program. Reimburses station employees that attend the NAB Radio Show, the NAB Annual Conference and the NAB Small Market Television Exchange. ($1,000 per person.) KBA also reimburses members $399 that attend the annual Country Radio Seminar in Nashville, TN.

• KBA supports the National Association of Broadcasters (NAB) Executive Development Seminar by providing 2 scholarships for selected members to attend. A $3,500 value per scholarship.

• RAB Training Academy A 3-day event provided in Frankfort and free to KBA members.(A $1,500 value per person)

• National Radio Talent System. KBA provided financial support for 16 college students to participate in this new program.

• Poynter Institute Seminar. A full day training program for television news departments. Provided at no cost.

• Local Broadcast Sales (LBS). Weekly on-line Sales Training programs with nationally recognized trainers. A free program for KBA members.

Traffic Directors Guild Association Free membership for station Traffic personnel and GM’s.

Kentucky Alliance for Radio and Television KBA Provides financial support for this advertising buying service that puts AD dollars on member stations.

Radio District and Television Market meetings Provides an opportunity for station personnel to learn more about KBA activities, services and benefits.

Scholarship Programs Award annually up to eight (8) $2,500 University/College Scholarships Award 14 High School Senior Scholarships to children of member stations ($1,500 each)

OMNIA Profile Service A behavioral assessment that helps employers hire and keep the best employees.

$1,000 Reimbursement Program for purchase of new EAS equipment.

Produced and provided to all members the 2011 Kentucky Gubernatorial Debate program along with an advertising buy on Radio.

e-CAST is the KBA’s major communication tool with its members. This electronic newsletter is distributed on an as needed basis via e-mail to inform broadcasters of relevant issues, upcoming events and other news of interest eCAST to broadcasters. The KBA also publishes a quarterly printed newsletter and an Annual Report. 2013 ANNUAL REPORT 11 2013 Annual Conference

Kentucky Mic Hall of Fame Award Recipients

The KBA’s highest honor, the Kentucky MIC - Hall of Fame Award, was presented to four individuals this year. Each recipient representing a different facet of the broadcast Industry.

Honored at a gathering of their peers during the KBA Annual Conference were;

Coyote Calhoun, WAMZ-FM Louisville/ On-air radio personality.

Ed Thomas, Thomas Broadcast Coyote Calhoun, WAMZ-FM Louisville Ed Thomas, Thomas Broadcast Engineering, Engineering, Owensboro, KY/ On-air radio personality . Owensboro, KY/Broadcast Engineer Broadcast Engineer

Bill Walters, WAKY WLVK, Radcliff - Elizabethtown KY/ Sales, Announcer, SM, GM and Owner

Ferrell Wellman, KET Statewide/ On-air TV, Journalist, Host and Educator

The award is presented to those individuals who have made outstanding personal contributions to the broadcasting professions in Kentucky

The honorees were recognized Bill Walters, WAKY WLVK, Ferrell Wellman, KET Statewide at the KBA’s Annual Conference Radcliff - Elizabethtown KY/ On-air TV, Journalist, Host October 2, 2013 in Bowling Green. Sales, Announcer, SM, and Educator GM and Owner

12 KENTUCKY BROADCASTERS ASSOCIATION 2013 Conference Photos

2013 ANNUAL REPORT 13 2013 Conference Photos

14 KENTUCKY BROADCASTERS ASSOCIATION PEP PEP Public Education Partnership KBA’s Life Blood Throughout the pages of this report you will support of KBA members and operating expenses read about the many services, benefits, programs of the KBA. and seminars offered by the KBA. Unlike most Without the PEP program the association associations the organization offers these member would have to turn to its only other source of the PEP benefits free of charge. This is in addition to the income, dues, for financial support. To maintain purchase of commercial time on member stations the level of services and benefits offered by the through the now three year old Kentucky KBA today, the dues for each station would Alliance for Radio and Television (KART). It is average about $3,500 per year. (Current average normal for trade associations like the KBA to be dues are $50.) $ supported by its membership dues. However, This year the KBA made the transition to . illion l l 1.4 Mi the KBA’s annual dues income is only about disseminate radio traffic instructions/broadcast $17,000. orders and spots only by e-mail. If you are not So, how does the KBA pay for the plethora of receiving updated information at your station by seminars, training programs, Annual Conference, e-mail, contact the KBA office to update your legal Hotlines, Alternative Broadcast Inspections, e-mail address that is on file. All PEP information KART expenses and much more? for radio is available on the KBA website www. The Answer is the acronym PEP. This stands kba.org/pep/aspx . Television updates are still for Public Education Partnership program. being sent by regular mail. Throughout the year, generous KBA member Yes, the KBA needs PEP but, more importantly, stations donate airtime that is used to promote PEP needs your stations support. The airing of PEP sponsors that are non-profit organizations the PEP sponsors message is the life blood of the and state agencies. Through partnerships KBA. Please continue the generous schedule between the KBA and these PEP sponsors the in 2014 for all of the PEP messages and if you association received nearly $1.4-million in 2013. have any questions or need assistance with this These funds are earmarked for the benefit and program, contact Patti Pullen at the KBA.

2013 ANNUAL REPORT 15 financial report

On behalf of the staff of the Kentucky Broadcasters Association and its Board of Directors, I am pleased to report that on November 30, 2013, Kentucky Broadcasters Association, Inc. completed another very successful financial year. KBA continues to have a strong financial position, thereby increasing our net asset reserve just over 19.50% from last year. With no outstanding debt, this allows us a greater ability to continue to grow the programs and ser- vices which will benefit our membership in the upcoming years. As detailed on the adjoining pie chart you can see where over 38% of all expenditures were spent directly on members’ benefit programs.

The board recognized its fiduciary duty to protect and maintain the financial strength and integrity of the Association. As part of the process it takes a close and continuous manage- ment approach in overseeing the financial aspects of the Association including budgeting of funds and management of program, operating and capital spending. Good stewardship of the Association’s funding is a high priority for our board.

The Board believes the Association and its members should be proud of its accomplishments and feels that its current financial situation puts it in a position to achieve even more for the broadcasting industry, and most particularly its membership. Through the combined efforts of the Directors and a dedicated staff, its membership can rest assured the assets of the Asso- ciation will be managed in a manner to achieve maximum benefit for its membership.

Let me take this opportunity to express the Board and staff’s grateful appreciation for the memberships’ continued loyalty and encourage each and every member to take an active role in our conventions and membership functions.

16 KENTUCKY BROADCASTERS ASSOCIATION financial information and pie charts INCOME

Other Income .18% Rental Income 4.69% Conventions, Conferences & Seminars .09% PEP Advertising Membership & Association Dues .73% 93.37% Commissions .04% Interest & Dividend Income .90%

EXPENSE

Member Benefits Depreciation 4.02% & Services 38.65% Benefits & Payroll Taxes 9.0%

Salaries & Wages Accounting & Legal 4.12% 29.93% Operating Expenses 14.28%

2013 ANNUAL REPORT 17 KENTUCKY BROADCASTERS ASSOCIATION, INC. ASSETS, LIABILITIES,AND NET ASSETS - TAX BASIS November 30, 2012 Kentucky Broadcasters Association, INC. Assets, Liabilities and Net Assests‐Tax Basis November 30, 2013

ASSETS CURRENT ASSETS Cash $ 702,706.09 CD ‐ Ascencia 109,910.00 CD ‐ Main Source 105,523.42 CD‐ Citizens Bank 157,683.23 Guggnheim Life & Annuity 510,040.95 Accrued interest income 342.87 N/R ‐ KART 175,000.00

TOTAL CURRENT ASSETS $ 1,761,206.56

FIXED ASSETS Land 87,500.00 Building 1,146,808.75 Furniture, fixtures & equip. 70,051.20 Accumulated depreciation (454,467.38)

TOTAL FIXED ASSETS 849,892.57

OTHER ASSETS Investments (Cost‐H.L.) 37,328.96 Investments (Equity‐KART) (162,457.35)

TOTAL OTHER ASSETS (125,128.39)

TOTAL ASSETS $ 2,485,970.74

LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accrued payroll taxes $ 1,683.73

TOTAL CURRENT LIABILITIES 1,683.73

TOTAL LIABILITIES 1,683.73

NET ASSETS Unrestricted net assets 2,484,287.01

TOTAL NET ASSETS 2,484,287.01

TOTAL LIABLILITIES & NET ASSETS $ 2,485,970.74

18 KENTUCKY BROADCASTERS ASSOCIATION Kentucky Broadcasters Association Past Chairmen 1946 Hugh O Potter Owensboro WOMI 1980 Bill Walters Elizabethtown WIEL 1947 J E Willis Lexington WLAP 1981 Henry G Lackey Henderson WSON 1948 Harry McTigue Louisville WINN 1982 J B Crawley Campbellsville WCND WLCK WMSK 1949 F E Lackey Hopkinsville WHOP 1983 Harry Barfield Lexington WLEX-TV 1950 J Porter Smith Louisville WGRC 1984 G Nolan Kenner Somerset WSFC WSEK 1951 Charles C Warren Ashland WCMI 1985 Ralph E Hacker Lexington WVLK AM/FM 1952 J W “Bill” Betts Maysville WFTM 1986 Charles M Anderson Bowling Green Western Kentucky University 1953 Joseph Eaton Louisville WKLO 1987 Ralph W Gabbard Lexington WKYT-TV 1954 Mike Layman Somerset WSFC 1988 B Douglas Hamby Providence WHRZ 1955 Sam Livingston Paducah WKYB 1989 Edward Henson Jr Louisville WAVG WLRS 1956 Gilmore Nunn Lexington WLAP 1990 Bill Evans Elizabethtown WQXE 1957 Arthur Eilerman Covington WZIP 1991 James Allison III Lexington WLEX-TV 1958 Walter “Dee” Huddleston Elizabethtown WIEL 1992 Connie J Sabad Lexington WVLK AM/FM 1959 Alvis H Temple Bowling Green WKCT 1993 Robert “Bob” Scherer Louisville WHAS WAMZ 1960 J Franke Fox Harlan WHLN 1994 Steven W Newberry Glasgow WHHT WKNK WXPC 1961 Don Horton Lexington WVLk 1995 Leonard “Corky” Norcia Owensboro WBIO WKCM WLME 1962 James M Caldwell Louisville WAVE 1996 Dan Dorsett Lexington WLAP AM/FM 1963 William M Whittker Morehead WMOR 1997 Christopher Baker Louisville WLRS 1964 C A “Bud” McClain Frankfort WFKY 1998 Wayne Martin Lexington WKYT-TV 1965 James H Topmiller Louisville WHAS 1999 J Barry Williams Bowling Green WBGL WBGN 1966 W P Sosh Russellville WRUS 2000 Francis Nash Grayson WGOH WUGO 1967 J T Whitlock Lebanon WLBN 2001 Ed Mastrean Lexington KET, The Kentucky Network 1968 Ray Holbrook Danville WHIR 2002 Dale Thornhill Elizabethtown Commonwealth Broadcasting 1969 Arthur Grunewald Henderson WSON 2003 Mark Thomas Louisville Clear Channel Radio 1970 H Lee Browning Louisville WAVE-TV 2004 Mike Tarter Somerset Key Broadcasting 1971 Walter E May Pikeville WPKE 2005 Steve Langford Louisville WAVE-TV 1972 Robert Doll Frankfort WFKY 2006 Randy Thompson Hindman WKCB 1973 Roy A Redmond Maysville WFTM 2007 Beth Mann Cadiz/Hopkinsville WKDZ AM/FM WHVO 1974 Charles W Stratton Mayfield WNGO 2008 Tim Gilbert Lexington WLEX-TV 1975 Ernest Sparkman Hazard WKIC 2009 Tom Ulmer Louisville Main Line Broadcasting 1976 Garland R West Bowling Green WKCT 2010 Jeff Ray Owingsville Gateway Radio Works 1977 Jack Farmer Danville WHIR 2011 Keith Casebolt Pikeville East KY Broadcasting 1978 Fred Paxton Paducah WPSD-TV 2012 Kelly Wallingford Richmond Wallingford Broadcasting 1979 William Summers 3rd Louisville WLOU/WNUU 2013 Bill Lamb Louisville WDRB TV / WMYO TV

2013 ANNUAL REPORT 19 1-888•THE•KBA•1 (843-5221) 502-848-0426 Fax: 502-848-5710 http://www.kba.org email: [email protected]

Kentucky Broadcasters Association 101 Enterprise Drive Frankfort, KY 40601