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November 7, 2009

Top Story

Citadel Revenues Drop In Q3

Citadel Broadcasting's net revenues came in at $183.8 million in the third quarter, down 14 percent from $213.9 million in the same period a year ago. The company reports a net loss of $21.3 million (8 cents per share), compared to net income of $28 million (10 cent) in Q3 2008. Citadel also said in its 10-Q filing with the SEC that it does not expect to meet its 2010 debt covenants and is in talks with its lenders, but a Chapter 11 filing is a possibility.

Industry

Beasley/Ft. Myers Ups Garrett, Cassio To PD

Morning co-host Bob Garrett is the new PD of Beasley's Alternative WJBX/Ft. Myers, and John Cassio, producer of Miller & Moulton on Sports WWCN-AM, takes PD duties at that station.

Ulloa, Austin Join NABEF Board

Entravision Chairman/CEO Walter Ulloa and Sheridan Broadcasting SVP/CFO Susan Davenport Austin, as well as ZGS Communications Station Group President Julissa Marenco, are the newest members of the board of directors for the NAB Education Foundation.

Soechtig To Create Sales Operations Center For CCR

Chris Soechtig is named SVP of sales operations for Clear Channel Radio, responsible for creating a new "Sales Operations Center" that will focus on all facets of sales for Clear Channel sales teams. Soechtig moves up from director of sales for the CCR/Tampa cluster.

Bill White Tapped As Greater Media/Charlotte OM

Bill White has been promoted to OM of Greater Media/Charlotte, overseeing Talkers WBT-AM & FM and AC WLNK-FM. Additionally, Carl East becomes PD of WBT-AM & FM.

Wilberding Named VP/Western Region Sales For Premiere

Jason Wilberding has joined Premiere Radio Networks as VP of Western region sales, based in Los Angeles. Wilberding was most recently national advertising director/GM for BrandX, part of the Los Angeles Times Media Group.

Beck Off The Air With Appendicitis

Premiere Radio Networks' Glenn Beck has had surgery to remove his appendix after becoming ill on the air during Wednesday's show. He's expected to be off the air for at least the rest of this week.

Research

CBS Radio Tops Webcast Ratings; Ando Reworks Metrics

CBS Radio tops the September webcast ratings from Ando Media, while pure-play streamer Pandora joins the rankings and lands in second place for the month. Ando is now using new metrics that, CEO Robert Maccini said, are "in keeping with other digital best practices."

Business

CBS Radio Revenues Fall In Q3

CBS Radio's revenues were down 19 percent in the third quarter, to $318.9 million from $392.5 million a year ago. TV revenues were up 9 percent, to $2.27 billion from $2.08 billion.

Salem Revenues Fall 10% In Q3

Salem Communications' total revenue fell 10.2 percent in the third quarter, to $48.9 million from $54.4 million. The company brought operating expenses down 20.8 percent, to $54.4 million from $68.7 million.

Fisher Communications Sees Sharp Radio Decline

Now that it no longer airs the Seattle Mariners, Fisher Communications saw radio revenues decline 49 percent in the third quarter, to $6 million from $11.7 million. Excluding the Mariners contract, Fisher's radio revenues were down 21 percent year-over-year.

Sirius XM Revenues Up In Q3

Sirius XM Radio's pro forma revenues in the third quarter came in at 630 million million, up 3 percent from $613 million in Q3 2008. Pro forma subscription revenues were also up 3 percent, to $587 million from $572 million.

Regent Broadcast Revenues Dip In Q3

Regent Communications' broadcast revenues were off 13.9 percent in the third quarter, to $21.8 million from $25.3 million, the company reported Thursday. Regent saw a net loss of $442,000 (1 cent per share) in Q3.

BMW Cuts Price For Sirius Package

BMW has lowered the price of the Sirius factory option by more than 40 percent, to $350 from $595. A one-year subscription to the "Sirius Everything" package is still included.

Dial Global Adds 'Baka Boyz All Star Hit Mix'

Dial Global launches a new three-hour weekend show for Top 40 radio, Baka Boyz All Star Hit Mix, with KKHH/Houston already on board.

Washington

FCC Rejects Appeal Of AM Allocation

The FCC has rejected Jet Fuel Broadcasting's appeal of a dispositive preference granted to Bott Communications on mutually exclusive applications in AM Broadcast Auction 84, held in 2007, saying Jet Fuel's petition was procedurally unacceptable.

NPR, iBiquity Reach A Deal On HD Power Boost

NPR and iBiquity Digital have reached an agreement on managing a power upgrade for HD Radio that recommends a fourfold power increase. NPR and iBiquity plan to jointly present their recommendations to the FCC, and the NAB is applauding the deal.

Smith Requests Waiver For Royalties Meet

NAB President/CEO Gordon Smith has written to House and Senate Judiciary Committee members to ask for an ethics waiver that will allow him to appear at a November 17 discussion on performance royalties. Smith was in the U.S. Senate until 2008, and is barred from lobbying Congress until he's been out of office for two years.

Radio Ink

Profile Your Successful Clients In Radio Ink!

Radio Ink has a feature that spotlights clients who have had success with radio, and we'd love to hear your stories. A Client Profile can benefit your client, and it will demonstrate radio's success for potential clients as well. To submit a story or for more information, contact Managing Editor Wendy Bernstein.

Radio Pros Available

If you've been displaced by the changes in the business or are seeking a new opportunity, Radio Ink wants to help. Put your name in front of the industry with a free listing in Radio Pros Available. And we'll be happy to post your aircheck or demo, or a link to your website. Click the headline to learn more.

employment

Director Of Sales Planning

Looking for an "experienced media executive" to lead a sales planning group at a leading Radio Network. Responsibilities include: managing utilization of weekly sponsorship inventory across 150 markets, overall yield management strategy and execution, working with sales force of over 100 sales reps to formulate and negotiate ad proposals for local, regional and national sponsorships, coordination with Traffic Department on entry and scheduling, as well as formulation of other policies, practices and strategies to support and drive ad sales.