Volume XXXIV• Number 9 • February 29, 2008 Earlier today, Citadel announced fourth-quarter net revenues more than doubled with the addition of the ABC Radio operations, jumping from $114 million to $245.5 million, but net loss widened AIN TREET from $1.1 million to $848 million (1 cent to $3.24/share). Pro M S forma revenues fell 5.1% to $258.5 million, attributed to lower Presents revenues in the San Francisco, Washington, Chicago, Atlanta, TheThe ConclaveConclave New York, Birmingham, Dallas, and Los Angeles clusters. In a statement issued with the financial report, Chairman/CEO Farid Suleman said, “The fourth quarter and the year ended December AA TT TT LL EE TT RR 31, 2007 was difficult for the broadcasting industry and the Publisher: Tom Kay Company. The performance of the larger market radio stations Cartoons Pilfered by Lenny Bronstein & Jay Philpott acquired in the ABC Merger was particularly disappointing. Whereas the Company continues to believe that the long-term Rita Cosby To Keynote AT THE prospects from these stations will be positive, the Company in CROSSROADS! Today the Conclave the interim is completing a major restructuring of these stations announced that author and Emmy winning to both improve short-term profitability as well as position them journalist Rita Cosby will keynote at Conclave for future growth.” The restructuring referenced by Suleman was ’08: At the Crossroads scheduled for June 26- immediately manifest at all Citadel properties – even those in 29 in Minneapolis. Best known for her work at Minneapolis and Detroit, markets that had not suffered lowered Fox News and most recently MSNBC, Cosby revenues like others inside the Citadel world. So far, here’s what’s has also been in the headlines with her known. In Atlanta, 12 of the 15 on-air staff were dismissed. In controversial tell-all book about Anna Nicole Smith. She’ll DC, long-time smooth jazz outlet WJZW flipped to oldies with all address Conclave attendees on Saturday morning, June 28th. the jazz jocks fired. In New York and LA, many longtime If you’re a Conclave devotee, you know that over the years, employees of WABC and KLOS have been let go. In Minneapolis, the Learning Conference has strived to bring keynote speakers three staffers reputedly left the building. from different sectors of the media. Through her affiliations with Fox and MSNBC, Rita Cosby brings a history ranging Clear Channel Talk WLW/Cincinnati host and Premiere Radio from conflict-ridden story reporting to interviews with notorious Networks weekender Bill Cunningham was warming up a crowd world leaders and social icons. A controversial figure herself, for Republican Presidential candidate John McCain when he she’s not afraid to speak her mind. Cosby has interviewed called Democratic Presidential candidate Barack Obama “a hack, world leaders, conducting historic back to back interviews with Chicago-style Daley politician who is picturing himself as change. Palestinian leader Yasser Arafat and Israeli Prime Minister When he gets done with you, all you’re going to have in your Ariel Sharon. She was the first reporter to see prisoners held pocket is change.” Cunningham said that the media would at at Guantanamo Bay and even interviewed Serbian president some point “peel the bark off Barack Hussein Obama” and talk Slobodan Miloaevi - who called her from his prison cell at about Obama’s relationship with Tony Rezko, the indicted the Hague. She also made national headlines for her interviews fundraiser. McCain apologized for Cunningham’s remarks and with boxer Mike Tyson, the King of Pop Michael Jackson, said, “I did not know about these remarks, but I take responsibility and convicted serial killer David Berkowitz, “The Son of Sam.” for them. I repudiate them. My entire campaign I have treated Last fall, she released a book - Blonde Ambition: The Untold Sen. Obama and Sen. Clinton with respect. I will continue to do Story Behind Anna Nicole Smith’s Death – that was so that throughout this campaign.” He said that he did not hear the controversial it was met with law suits before its ink was dry! comments and does not know Cunningham. For his part, Come hear the cable TV’s notorious “First Lady” of the tough Cunningham, complaining that McCain “threw me under the bus interview at the 33rd annual Conclave Learning Conference, to the national media,” said that he would endorse Hillary Clinton. AT THE CROSSROADS, June 25-29th at the Marriott City Center in Minneapolis. Hurry…the $199 Earlybird tuition expires today. Details at www.theconclave.com. ed schultz ed 2008 KEYNOTE 2008 KEYNOTE 2008 JONES RADIO NETWORK david rehr david CEO NAB Learning-Sharing-NetworkingLearning-Sharing-Networking The 33rd TuitionTuitionOverOver coverscovers 4040 Sessions/EventsmSessions/Eventsmany m EarlybirdEarlybird TuitionTuition Conclave Learning Conference $199 until 2/29/08! any m $199 until 2/29/08! June 26-29, 2008 eals/snacks! DetailsDetails atat www.theconclave.comwww.theconclave.com Marriott City Center Minneapolis MAIN STREET MARKETING & PROMOTION, 4517 MINNETONKA BLVD #104, MINNEAPOLIS, MN 55416 PHONE/FAX: 952.927.HITS (4487)/927-6427 Publisher: Tom Kay at [email protected] Web: www.main-st.net Jupiter Rising ELECTROPOP WIBT/Charlotte 57x! CHIME CCC ENTERTAINMENT NEW WJQM/Madison Former WLS-AM/Chicago and WDTW-AM/Detroit talk host Westwood One announced that it and funds managed by The Nancy Skinner announced Monday that she has pulled out of Gores Group, LLC, a private equity firm headquartered in Los the race for Congress in Michigan citing the need for “enormous Angeles, CA, have executed a purchase agreement pursuant to resources to beat an incumbent,” Rep. Joe Knollenberg (R-MI). which Gores will make an equity investment of up to $100 million Skinner, who lost to Knollenberg in 2006’s election, will return to in Westwood One. The full investment is subject to the conditions her consulting business, Skinner Communications. Meanwhile, contained in the purchase agreement, including the closing of CBS News WBBM-AM/Chicago Bears pre- and post-game show the pending agreements between Westwood One and CBS co-host and former player Jim Schwantz announced that he will Radio Inc. and approval by shareholders. run for mayor of Palatine, IL in Spring 2009, challenging longtime incumbent Rita Mullins in the non-partisan election. Conservative Talker Sean Hannity has cancelled his upcoming appearance at CRS-39 (Country Radio Seminar) next week Four former Entercom Classic Rock KYYS/KC personalities are according to his PD, Phil Boyce. A statement released by Boyce alleging age discrimination against the company, and have filed said, “Due to the rapidly changing events of this year’s a complaint with the EEOC. Former morning team Max Floyd Presidential primary season, and the magnitude of the Texas and Tanna Guthrie, midday talent Traci Wilde (Martens), and and Ohio primaries the night before this event, Sean Hannity afternoon host Slacker (Brian Adams) told the EEOC that their has been forced to cancel his appearance as the keynote speaker firings last month (when the station flipped to AAA as KBLV -99.7 for the Country Radio Seminar in Nashville on March 5th. Sean The Boulevard) were based on their ages (Floyd Is 67, Guthrie deeply regrets the conflict, and any inconvenience or 51, Martens 41, & Adams 43). In their complaint, the four say disappointment this may cause.” CRB President Ed Salamon that the format did not change and that their replacements had responded: “We are in the process of finalizing a presentation identical job descriptions for the jobs they held. Market Manager for the keynote slot which will focus on a hot button industry issue, David Alpert said that the station’s ratings had declined, forcing and expect to be able to announce it early next week. With the format change, and “We wish Max, Tanna, Traci, and Slacker everything that has happened in the Radio and Music industry future success and are disappointed that they intend to pursue since the last Country Radio Seminar, our problem has not been litigation. We are confident that our decisions regarding the launch finding topics to address, but finding time to cover everything of the new radio station, The Boulevard, were fair, and we are necessary.” CRS-39 starts Wednesday, March 5th and runs prepared to defend them.” through Friday, March 7th at the Nashville Convention Center. The RIAA is planning on having a handful of artists mingle with Greater Media Active Rock WRIF/Detroit HD outlet RIFF 2 has Congress next week about installing a performance royalty fee partnered with Ourstage.Com to launch an online battle of the on terrestrial radio. The NAB is hard at work, challenging the bands that will have one local Detroit band walking away with label lobby to a public debate over “fairness.” NAB EVP Dennis $1,001, HD radio for a month and the chance to win $5,000. Wharton issued the following statement: “We welcome the Interested bands can go online to riff2.com through March 23rd debate over which side has been more ‘fair’ to artists — radio to enter. They will be asked to complete a free registration with stations or RIAA-member companies. America’s hometown radio Ourstage.Com and then upload up to two audio tracks to be stations expose and promote musicians to 232 million listeners entered into the competition. There are three rounds of voting to every week. Contrast that with decades-long exploitation of artists determine the local winner of the Riff 2 Detroit Battle of the bands. by foreign-owned record labels, demonstrated just this month in “We’re excited about the technology that Ourstage.Com brings a $6 million lawsuit against Universal Music Group for ‘cheating’ to this competition and are looking forward to hosting a true, artists like Count Basie and Benny Goodman out of royalties.” local online battle of the bands,” said RIFF 2 PD Mark No time or place for such a debate was proposed.