For Radio Talent, Podcasting Is Invaluable Content Platform. Podcasting Has Come a Long Way Podcasts

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Weekly News Recap May 14-18, 2018 For Radio Talent, Podcasting Is Invaluable Content Platform. Podcasting has come a long way podcasts. Goldstein notes there from simply repurposing a radio are few commercial radio titles show for on-demand listening. that currently crack the iTunes Podcast Top 200 chart, with most With one-in-six Americans aged being either in the public radio 12+ now tuning into a podcast sector or original material. As on a weekly basis, according of now, there are no “out of the to Edison Research, it’s only ballpark” success stories as far as natural that name brand over- radio hosts with original content the-air talent has made leaps podcasts, Goldstein says. “But we Facebook Live and Periscope. He and bounds to create original do have some interesting projects notes that with a daily podcast material that expands brands, that are notable,” including Kirk taking place later in the day, there heightens creative and further Minihane’s podcast “Enough is the means to follow the sports endears listeners. About Me.” As morning co-host news cycle throughout the day. at Entercom sports WEEI-FM “The very first step for us is Boston (93.7), Minihane has what Last week, Gregg “Opie” Hughes to make sure that we provide Goldstein describes as “the perfect launched “Opie Radio” on the a podcast of our radio shows,” scenario of designing a podcast Westwood One Podcast Network. Premiere Networks president to complement the broadcast.” According to Suzanne Grimes, Julie Talbott tells Inside Radio. His program is regularly at the top executive VP, marketing, Cumulus among downloaded shows in the Media and president, Westwood Boston area. One, the podcast network “is the ideal platform for Opie to open Also notable is Bobby Bones, the up and tell his story.” Hughes ubiquitous Premiere-syndicated is a well-known radio host with country morning show host. His decades of air time logged on original “BobbyCast” – where broadcast as well as satellite Bones sits down with top artists radio. Premiere Networks hosts and songwriters for in-depth podcasts from many iHeartMedia personal interviews at his home air talents, including a full slate of – paved the way for the launch repurposed and original content of the Nashville Podcast Network from the syndicated “Elvis Duran “Once we launched that, then last fall. Bones told Inside Radio and the Morning Show.” we can do product extension.” that the podcast “gives me more Talbott explains that the radio space and allows me to get deeper Goldstein adds that there is show is the hub, while subsequent on topics I want to discuss. And one obvious advantage that podcasts—both repurposing on- for the guest, they can relax a bit radio personalities have over air programming and creating more and not feel like they are in pure podcasters: the transmitter original content—are spokes a time crunch.” and antenna. “They do have extending from that hub. a megaphone, and that gives Another talent who straddles radio an advantage,” he says. “If Offering up an on-air show as the fence between radio and they are truly delivering unique a podcast gives the listener a podcasting is Clay Travis, who content, they have a tremendous chance to listen to the program hosts “Outkick The Coverage opportunity to push an audience on their time. And none have with Clay Travis” on Fox Sports toward it. That’s the holy grail for seen more success in doing Network, and continues his daily podcasters.” so than the syndicated “Dave podcast “Outkick The Show.” Ramsey Show.” Amplifi Media Travis has a unique way of founder and CEO Steve Goldstein recording his podcast, in that says that Ramsey is the highest it is actually an audio recording rated of all of broadcaster-to- of a live program he does via

Page 1 Weekly News Recap May 14-18, 2018

Congress Urges DOJ To Keep ASCAP-BMI Consent Decrees In Place. The consent decrees that dictate how radio secures songs in the ASCAP and BMI repertoire aren’t part of the copyright overhaul bill making its way through Congress. But the prospect of the Dept. of Justice sun-setting the 77-year old agreements hung over much of the discussion Tuesday as the Senate took up legislation designed to modernize music copyright laws. “These consent decrees form the foundation of the public performance licensing marketplace,” Senator Richard Blumenthal (D-CT) said. The DOJ’s Antitrust Division is looking closely at the 1,300 consent decrees currently on the books for possible elimination. Makan Delrahim, the assistant Attorney General who oversees the division, has called the current state of music copyright law “a L.A. Shocker: Nielsen To Reissue Seven Months Of mess” and put the blame on the consent Ratings. decrees that were enacted in 1941 to Nielsen is taking the unprecedented action of reissuing seven prevent ASCAP and BMI from gaining too much market power. months of Los Angeles radio ratings. The expansive ratings Blumenthal said the DOJ completed its review of the consent redo comes after Nielsen removed four homes from its L.A. decrees less than two years ago and concluded they remained PPM panel, effective with the April survey data. The homes essential to keeping ASCAP and BMI market power in check. “did not meet our compliance and data integrity standards,” The prospect that Congress could step into the debate over the company says. Nielsen says it is conducting a review of whether consent decrees are needed may not be far-fetched. the homes and because the review is ongoing, it can’t share Senator Amy Klobuchar (D-MN), the top Democrat on the Sen- more details at this time. While the company caught the suspect ate Antitrust Subcommittee, said Tuesday that she’d support a households and removed them before Monday’s release of deeper review of the consent decrees in the coming months. the April ratings, an impact analysis of back data determined See more HERE seven survey months of ratings included the tainted households, spanning October 2017-March 2018. The company will iHeart Launches Digital Attribution Service For Radio. begin reissuing ratings from those months starting with the Taking another major step in marrying radio’s expansive reach March 2018 survey on May 22. “The integrity of our data is a with digital targeting and attribution, iHeartMedia unveiled a top priority,” a Nielsen spokesperson said. See more HERE fully-digital attribution service for broadcast radio. iHeartMedia Analytics will harvest data from iHeartRadio’s digital ecosystem Batter Up: Baseball’s Return Invigorates Sports Radio. to enable broadcast radio to measure and show results in the There are few sure-fire ratings needle movers for radio like same way as digital media, giving advertisers easy access to baseball play-by-play. Major League Baseball had its earliest state-of-the-art campaign performance insights. The company Opening Day in history this year with the 2018 season start- says the new service will “transform the way advertisers plan, ing Thursday, March 29. Nielsen’s April survey began the very buy and measure their audio campaigns same day, running through April 25, and PPM numbers once to better optimize the unparalleled reach again demonstrate the slingshot impact baseball can have on of radio.” Advertisers will be able to track, flagship stations at night, when most of the games are played. in real-time, audience reach, branding The New York Yankees games on “The Fan” WFAN-AM/FM metrics and sales outcomes for the New York (660/101.9) more than tripled the Entercom sports ad campaigns they place on iHeart’s station’s 6+share at night (1.8-6.3). The return of the boys of broadcast stations. The company will summer to WOR (710) was no less dramatic. The New York do this by using data science to fuse info about its digital Mets more than tripled the iHeartMedia talk station’s 6+ share audience with broadcast ad logs, on-air programming and at night (1.0-3.4) and gave it a 25-54 commercial content. By correlating all of this data, advertisers share nearly three times that of its will have the ability to measure a radio campaign’s impact on a total week number. The San Francisco brand’s website visitation, social media engagement, physical Giants boosted Cumulus Media “The foot traffic and other metrics. The announcement comes as Sports Leader” KNBR San Francisco data and analytics continue to play a more prominent role in 2.1-4.9 (6+) at night and put the station how advertisers allocate their media budgets and adjust their at No. 2 in men 25-54. The Philadelphia campaigns on the fly. iHeartMedia Analytics joins SmartAudio, Phillies pushed Entercom “Sports Radio 94.1” WIP-FM 5.8-6.9 the company’s data infused, cloud-based audio planning and in total week, rising to third place. At night WIP-FM tore 3.4-7.4. buying platform, which enables advertisers to use real-time In Chicago the Cubs more than doubled WSCR’s night-time triggers – such as weather, pollen counts, sports scores and 6+ share (2.6-5.0), while helping add nearly a full share total mortgage rates – to deploy different campaign messages week (2.3-3.2). See more HERE based on what is happening in a specific market at a specific moment. The goal is to use radio ads to dynamically serve the most relevant message in each market, at each moment, just as advertisers do with digital campaigns. See more HERE

Page 2 Another False EAS Alert Is Sent, This Time In Alaska. Weekly News Recap What was intended to be an internal EAS test message was May 14-18, 2018 mistakenly broadcast by radio and TV stations in Alaska in the latest example of problems with the Emergency Alert System. The May 11 alert warned residents of a tsunami Nielsen: Hurricane Maria A Force In Increased News threat along the West Coast of the U.S. While the nearly Listening. two-minute message included a disclaimer at the end that New data from Nielsen Audio shows that news/talk radio it was a test, not all listeners and viewers received that stations saw a momentous spike in Puerto Rico amid the information. The National Tsunami Warning Center, part of aftermath of Hurricane Maria. The winter 2018 survey for the the National Weather Service, said there was no threat and Nielsen radio diary market reveals that more than 991,000 that the message was a routine test. While the test message 12+ listeners each week tuned to a news-formatted radio was correctly coded, NWS spokeswoman Susan Buchanan station, a dramatic increase of more than 100,000 weekly said it was somehow re-transmitted in an abbreviated format. listeners from Summer 2017. Nielsen saw similar listening That stripped the test coding from the message and triggered patterns in both Texas and Florida. For instance, the week activation of the EAS. See more HERE that Harvey made landfall, according to the PPM September survey week 2 (compared to the previous 4 weeks), Houston- Revenues Hold Steady At Cumulus In First Quarter. Galveston saw a 54% increase in listening, Austin was up Total revenues for Cumulus Media held steady in the first 20%, San Antonio rose 12% and Dallas-Fort Worth increased quarter at $263.7 million, down 0.1% from $264.0 million in 7%. Likewise, in Florida, Jacksonville saw an 85% increase the same period one year earlier. Billings at Westwood One in news audience, Orlando was up 77%, West Palm Beach jumped 5.5% to $94.8 million from $89.9 million last year. rose 59%, Miami was up 51% and Tampa increased 42%. That solid gain was offset by a 3.1% decline at the larger See more HERE station group, which reported revenues of $168.3 million, down from $173.6 million in the comparable period last year. Will Supreme Court Decision Usher In New Ad Cumulus had a net loss of $5.0 million and adjusted earnings Category For Radio? before interest, tax, depreciation and amortization (EBITDA, One of radio’s most promising ad categories just came a measure of cash flow) of $40.3 million, which was up 4.0% back to life. On Monday, the U.S. Supreme Court crushed year over year. See more HERE roadblocks that had prevented legal sports betting in states. That may pave the way for a new lucrative ad category for FCC Raid Silences A New York Pirate Station. radio and other media, similar to how It’s the last dance for “Rumba FM” after a coordinated raid fantasy football’s leading proponents between federal and local authorities raided a Manhattan spent $110 million at radio in September high-rise apartment building and shut down an unlicensed 2015, before the official football NFL radio station. The FCC said it had sent “multiple warnings” season had even launched. “The but it wasn’t until it secured a federal court order and help Supreme Court decision to take away from the U.S. Marshals Service that 95.3 FM was cleared of the exclusive domain of sports betting the pirate station. That’s just one click away from Cumulus from Nevada is a game-changer,” says David Pearlman, Media’s hot AC WPLJ (95.5). According to posts made on president of Pearlman Advisors. It is not only advantageous “Rumba FM” social media pages, the Spanish-language for the states who want to play, “but also for broadcasters station was soliciting advertisers. The FCC worked with the who will benefit from the new betting action in their home U.S. Attorney’s Office for the Southern District of New York fields. New parlors equals new radio revenues in a brand new to secure a federal court order allowing them to seize the category.” station’s equipment. It was the second pirate raid this year. See more HERE See more HERE

Triton: ‘Business As Usual’ After Scuttled Audioboom Merger. Triton Digital says it’s business as usual after merger plans were called off that would have seen the privately held digital audio tech provider become a publicly traded company and a more significant technology player. In a surprising turn of events Tuesday, Audioboom pulled out of its $185 million acquisition of Triton Digital, citing financial difficulties. The U.K.-based podcast specialist says it was unable to raise the funds to complete the reverse takeover first announced in February and that its “financial position remains uncertain.” In a statement issued after Audioboom’s announcement, Triton Digital chief executive Neal Schore said that it’s “business as usual” as Tritron continues to operate as a private company. “Triton Digital’s team of world class professionals are committed to the continued innovation that our clients around the world have come to expect from us,” Schore said. See more HERE

Page 3 SALES – STATIONS Weekly News Recap March 12-16, 2018 Detroit – Radio One has filed a $12,229,000 deal to sell SALES –TRANSLATORS gospel “Praise 102.7” WPZR translators to Educational Media Foundation for $12,229,000. That’s less than the $12.7 million Utah – Tom Troland files a $1,000 deal to buy the Navajo price tag announced earlier. Under the Mount-Lake Powel, UT-licensed translator K256CA at 99.1 terms of the deal EMF will transfer three FM from Spirit Media. Troland plans to use the signal to of its translators in the market to Radio relay classic hits “Red Rock 92” KBDX, Blanding, UT into One, including the Detroit-licensed the Eastern Glen Canyon Recreational Area. It’s one of the W228CJ at 93.5 FM; the Detroit- FCC’s so-called “white areas” which are vast rural zones with licensed W252BX at 98.3 FM; and the little or no broadcast radio service. The filing says KBDX is Riverview, MI-licensed W228CU at the closest radio station to the east and the translator would 93.5 FM. The move follows Radio One’s 2017 sale of WCHB allow the station to provide coverage to a “large portion” of (1200) to Crawford Broadcasting for $2 million. Once the EMF Glen Canyon-Lake Powell area. deal closes Radio One will still own urban AC “105.9 Kiss FM” WDMK in Detroit and it operates urban “Hot 107.5” WGPR CLOSINGS: under a local marketing agreement with the International Free & Accepted Modern Masons, which owns the FM. Wisconsin – Nora Karbash’s CMC Media closes a $1.25 million deal to buy country WSLD, Whitewater, WI (104.5) Missouri & Arkansas – Paul Coates and Mike Huckabee from Prairie Communications. WSLD is the only station have filed a $6.5 million deal to buy five full-power stations Prairie Communications owns in Wisconsin. It still owns and two FM translators from Earls Broadcasting. In the stations in Iowa and Illinois. Branson, MO area the deal includes classic country KRZK (106.3), AC “My 100.1” KOMC-FM, classic hits KCAX (1220) Colorado – Aaron Leiker’s 25-7 Media closes a $400,000 and the Branson, MO-licensed translator K251BZ at 98.1 FM deal to buy classic rock “93.5 The Curve” KLMR-FM and which relays KCAX to create the “Classic Hits 98.1” brand. classic country KLMR (920) in Lamar, CO and “Thunder Country 92.1” KTHN and oldies KBLJ (1400) in La Junta, CO. ColaAcross Wars the state Hit Fullline inForce Harrison, With AR Coates and Huckabee The deal also includes the La Junta, CO-licensed translator Pepsi,file to buy Coke country Vying “102.9 On Radio.The Z” KHBZ, and AC KHOZ (900). The deal also includes the Harrison, AR-licensed translator K282BX at 104.3 FM. Leiker most recently was operations K235CE at 94.9 FM which simulcasts KHOZ. Coates and manager for Beacon Broadcasting’s country KVAY in Lamar. Huckabee have operated the stations under a local marketing Broker: Kalil agreement since Oct. 2017. In a related deal Coates and Huckabee have also filed a $1.2 million deal to buy the Yakima, WA – Bustos Media closes a $215,500 deal to buy Branson, MO low-power TV station KBNS (channel 36) from regional Mexican “La Zeta 104.9” KYXE from Centro Familiar Earls Broadcasting. Branded as “The Vacation Channel” Cristiano. The deal includes a $200,000 promissory note. the television station airs tourist information. Coates and Amador Bustos already owns regional Mexican “La Gran Huckabee already own four-station clusters in the Pine Bluff, D 96.9” KZTA and regional Mexican “La Maquina Musica” AR and Tyler-Longview, TX markets. But in April they struck KMNA (98.7) in the Yakima market. Centro Familiar Cristiano a lease agreement with PB Radio to operate their four Pine still owns Spanish contemporary Christian KDYM (1230) in Bluff stations, including classic country “The Hog 98.1” KTPB, the Yakima market. It’s also struck a deal to buy regional “Super Oldies 99.3” KHUC, urban AC “The Beat 101.3” KPBA Mexican KDYK (1020) as part of a pending $374,500 multiple and AC “K-Train 104.5” KTRN. PB Radio has an option to station deal with Bustos. purchase the Pine Bluff cluster. Minneapolis-St. Paul – Kongsue Xiong closes a deal to take Seattle & Portland, OR – Salem Media Group files to swap full control of Asian American Broadcasting’s ethnic KFXN the currently-silent KKOL (1300) in the Seattle market to Tron (690) in a deal valued at $135,000. He previously was in a Dinh Do’s Intelli. In exchange Intelli will hand-of “AM 860 The 50-50- partnership with Xeng Xiong. KFXN targets the Twin Answer” KPAM to Salem. No cash will change hands as part Cities’ Hmong community. of the deal. In April Salem began operating KPAM under a local marketing agreement with Intelli. While Salem is trading Las Vegas – Noel Diaz’s El Sembrador Ministries closes a away one of its Seattle stations it will still own three others in $125,000 deal to buy KENT (1540) from Dale Ganske’s L. the market including talk “1590 The Answer” KLFE, religious Topaz Enterprises. The new Enterprise, NV-licensed station “820 AM The Word” KGNW, and Spanish-language religious has 10,000-watts day and 270-watts night. “Radio Luz” KNTS (1680). In Portland the addition of KPAM grows Salem’s cluster to six stations including contemporary New Mexico – Vic Michael closes a $30,000 deal to buy Christian “104.1 The Fish” KFIS, religious KPDQ-FM (93.9), KKGT, Grants, NM (91.9) from Community Media. KKGT is Regional Mexican “93.1 El Rey” KRYP, talk “AM 1640 The currently off the air. Michael doesn’t own any other stations Patriot” KDZR, and religious “True Talk 800 AM” KPDQ in New Mexico.

Oklahoma & Texas – In an intra-family deal Will Payne files Tennessee – John and Brannigan Tollett’s 3B Properties a $365,000 deal to buy country “K-95.5” KITX, Hugo, OK from closes a $5,000 deal to buy religious WBBX, Kingston, TN Gail Payne. The deal also includes three FM translators. (1410) from Grant Carter’s Pilgrim Pathway. 3B Properties They include the Antlers, OK-licensed K235AW at 94.9 FM; already owns classic hits “105.7 The Hog” WIHG and AC the Durant, OK-licensed K280GD at 103.9 FM; and the Paris, WOFE (98.9) in the area. TX-licensed K286AV at 105.1 FM. More Closings HERE

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