Radio’s Horniest Buyers

There’s EMF and then who?

EMF’s vast religious broadcasting empire is buying up great radio properties these days for low, low prices because so many stations are for sale.

Brokers list 7 radio groups as potential solid buyers even as radio revenue declines.

The current multiple times cash flow that will be used to price the stations is different.

And it’s interesting that timing is everything but especially in buying or selling a radio station – that “sweet spot” has recently changed, too.

  • There are 7 buyers for radio who are hot to own more stations (not counting Lew Dickey) – here are their chances to expand.
  • The radio group that will pick around the edges and the one loaded with cash that’s under the radar.
  • Why the majority of sellers can’t take even a good offer these days.
  • The up-to-the-minute going multiples for radio acquisitions according to financial experts – broken down into small, medium and major markets.
  • The $103.5 million Cumulus/EMF giveaway – is that the new normal?

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Only Lori Lewis could make this happen -- Lew & John Dickey and I will be together on stage at the 2019 Conclave in Minneapolis June 20thin a wide ranging and deadly honest conversation about what happened at Cumulus and where the future of the radio industry is – obviously, it’s not working for companies that can’t fire people fast enough.  We will talk about growth opportunities for radio people in the new modern media.  Details here.

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The Untold Story of the Cumulus/EMF Sale

I thought Cumulus was between a rock and a hard place.

The “victory lap” and turnaround that they are selling this week is far from that.  In fact, Cumulus is still in a precarious position unless it gets to choose its own facts.

That they were forced to sell iconic WPLJ-FM, New York and other major market properties to EMF for a lot less than they were worth is not the win-win they are trying to sell the public. 

Who calls selling major market stations a win-win when you essentially vacate a market?

After all, they must have needed the money to remain as a going concern.

Cumulus sold those valuable assets for virtually nothing not to keep operating or investing in future businesses as they tried to spin it to the public.

You could almost forgive and understand that.

Mary could now use the proceeds to fund her wall – I mean, her podcasting business.

But it’s worse.

Is Mary Berner even still calling the shots?

Remember this name – Paul Stone. 

Where is the $103.5 million EMF check really going?

Are more Cumulus stations being readied for sale?

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Entercom Labor Troubles

  • Here is the employee lawsuit that David Field should fear the most – and it’s being considered.
  • Details on a disturbing firing allegedly designed to get the union’s attention.
  • How Entercom is trying to pushback unions in 50 markets.
  • How the feared “messing” with his moneymaking all-news stations has begun.
  • What radical severance cuts Entercom is trying to impose.
  • What about digital?
  • Union fears on outsourcing revealed.

Read the full article now

Compare monthly vs annual subscriptions here

Report news in confidence here.

Lew & John Dickey and I will be together on stage at the 2019 Conclave in Minneapolis June 20thin a wide ranging and deadly honest conversation about what happened at Cumulus and where the future of the radio industry is – obviously, it’s not working for companies that can’t fire people fast enough.  We will talk about growth opportunities for radio people in the new modern media.  Details here.

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The Westwood One Sale Attempt Revealed

  • There is an offer on the table right now involving Westwood One – here are the details.
  • Westwood parent Cumulus reportedly wants to sell -- what they want in return.
  • Why one prospective buyer is now going over Mary Berner’s head to get the deal done.
  • How many other Westwood One buyers are making their move.
  • How Westwood has started to consolidate operations detailed – first word on offices to be closed.

Read the full article 

Compare monthly vs annual subscriptions here

Report news in confidence here.

Lew & John Dickey and I will be together on stage at the 2019 Conclave in Minneapolis June 20thin a wide ranging and deadly honest conversation about what happened at Cumulus and where the future of the radio industry is – obviously, it’s not working for companies that can’t fire people fast enough.  We will talk about growth opportunities for radio people in the new modern media.  Details here.

Read More  FREE SAMPLES

Spotify & Apple vs. Radio for Hitmaking

At the end of 2018 there were 278 million paid subscribers to streaming services according to The MIDIA Research Global Music Forecasts.

And many more users who listen through free ad-supported options.

Nielsen says free terrestrial radio reaches 270 million people per week.

The radio industry claims radio is the number one source for music discovery although anyone with children or who work with Millennials will have a hard time with that claim.

We hear a lot about that special relationship between radio and the record labels being over now in the era of streaming music services such as but not limited to Spotify and Apple.

So, the question is – which is more critical for breaking new hits?

Radio?

Or streaming music services and playlists?

Now we have the answer based on data including every song that broke either the top 50 on Spotify or radio according to Billboard dating back to the week of December 29, 2016.

  • How many weeks does it take radio compared to Spotify to break a new hit record – the evidence is in.
  • What curated playlists mean to Spotify and streaming music services and how they work.
  • Does a song last longer on radio or Spotify?
  • Does radio work simultaneously with Spotify or separate from it in exposing hits?
  • Which genre gets the fastest traction when exposed to today’s hitmaking process.
  • What is the main new role of radio airplay?

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