Untitled Document

Stats… Stats… Stats…
An add count of 22 drives Jason Isbell’s Something More Than Free to the top of the Most Added list. After that is Django Django’s Born Under Saturn, garnering 15 adds. A tie follows, with 12 adds each posting for The Mike + Ruthy Band and Rhett Miller with Black Prairie. Finally, 11 adds each put Bob Schneider and James Maddock in a tie for the last slot.
            A few things to make the next music meeting interesting include “Say What You Want” by Barenaked Ladies, “The Eye” from Pro.qb cover girl Brandi Carlile, Civil Twilight’s “Holy Dove” and “Sea Creatures” by Soak. The full list of impacting records is always found on the Available For Airplay page of the Triple A format room at FMQB.com.

NON-COMM Week Is Here
This is the week the denizens of the left end of the Triple A dial head to Philadelphia and WXPN studios for the 15th Annual NON-COMMvention. Walk-up registrations are available which will get you in to see Brian Wilson, Wynonna Judd, Brandi Carlile, Calexico, Glen Hansard, Shelby Lynne, Dr. Dog, The Tallest Man On Earth, JJ Grey and Mofro, Heartless Bastards, Blues Traveler, Best Coast, James McMurtry, Elle King, Billy Bragg and Joe Purdy, Houndmouth, Madisen Ward and the Mama Bear, BORNS, Natalie Prass, Son Little, Zella Day, Fly Golden Eagle, Leon Bridges, Israel Nash, Jarekus Singleton, Saun & Starr, Ryley Walker, Gavin James, Meg Mac, Anderson East and Buffy Sainte-Marie. Schedules and hotel info can be found at thetop22.com.

Triple A News Bites
The FMQB Triple A Conference returns to Boulder, CO August 5-8, 2015 with performances from Alex Winston, Civil Twilight, Elle King, Galactic, George Ezra, GIVERS, Grace Potter, Holly Miranda, Houndmouth, Jackie Greene, Kristin Diable, Lord Huron, Madisen Ward and the Mama Bear, Marian Hill, Meg Mac, San Fermin, Sister Sparrow & The Dirty Birds, The Freddy Jones Band, The Lone Bellow, The War On Drugs and Tor Miller. Registration is just $379 until June 15 and you can book your room at the St. Julien, which is almost sold out, with the special FMQB rates starting at only $219 by calling (720) 406-9696 and mentioning FMQBKeefer joins non-comm KUNC/Greeley, CO on June 1 for an airshift TBA. Keefer most recently did mornings for Colorado Public Radio’s Open Air and had a long stint at KBCO/Denver… WNKU/Cincinnati names Liz Mozzocco Felix to the APD post. Felix comes from WAPS/Akron and was previously PD at KBXR/Columbia, MO… WXPN/Philadelphia has named Ian Zolitor as the new host of the Folk Show, which airs on Sunday evenings from 8-10 p.m. Zolitor has produced the Folk Show since March 2013 and served as interim host since Gene Shay's retirement in February… WTTS/Indianapolis has released the WTTS Indy New Music Sampler featuring JD McPherson, Scars On 45, Jenny Lewis, Freddy Jones Band, Good Old War, Elle King, The Temperance Movement and others. The CD is available for a limited time at the Tom Wood Automotive Group… WKZE/Poughkeepsie made the hiatus a short one and returns to reporting this week.

Erik Olesen Joins Crush Music Radio Promotion Team
Veteran record executive Erik Olesen has joined the team at Crush Music in a Radio Promotion and Strategy position with a focus on Top 40, Rhythm and Adult Top 40.  Olesen comes to Crush on the heels of a storied record career, most recently as SVP and Head of Promotion for Epic Records, and prior to that at as SVP Promotion at Island Def Jam. He began his career at Elektra, a post he held for over a decade.
First on deck for Olesen is MAX, a viral superstar who launched his first single “Gibberish" just last month and has already accrued over 10 million streams in that short time.  MAX will join Fall Out Boy and Wiz Khalifa on tour all summer.
Crush Music is a NYC based company run by two former musicians, Jonathan Daniel and Bob McLynn. Together they handle such best-selling acts as Train, Fall Out Boy, Sia, Panic! At the Disco, Travie McCoy, Weezer and others.  Crush has offices in Los Angeles, Nashville and Carlsbad, CA as well.

CBS Corporation Reports First Quarter 2015 Results
CBS Corporation reported results for the first quarter of 2015, including its highest-ever net earnings from continuing operations per diluted share .
"There are tremendous opportunities afforded to companies that create premium programming, and Les and his team are capitalizing on all of them," said Sumner Redstone, Executive Chairman, CBS Corporation. "I am confident they have the strategy to keep CBS at the top of its game for many years to come."
"CBS turned in another quarter of record EPS, and our investment in world-class content will lay the foundation to drive future profits," said Leslie Moonves, President and Chief Executive Officer, CBS Corporation. "We are set to close the season with four of the top five new scripted series, all of which we have ownership in and can monetize in a growing number of ways. We will also win the season as the most-watched network in America, with a solid performance across all demographics at a time when others are facing ratings erosion. Looking ahead, we will continue to build upon our position of great strength with a new primetime lineup that we will announce next week, and we expect to be #1 in the Upfront marketplace as well. At the same time, our premium content is also driving growth in our non-advertising revenue sources. We had terrific first-quarter results in streaming, both internationally and domestically, as well as retransmission consent and reverse compensation, which are steadily making their way toward $2 billion in revenue by 2020 if not before. In addition, our online news channel, CBSN, and our over-the-top service, CBS All Access, are exceeding expectations. We have already expanded CBS All Access to more than half of the country, and we expect it to be offered to 75 percent of all households by year's end. As we continue to find new ways to monetize our content, our investment in programming will pay off well into the future, and we remain as committed as ever to returning value to our shareholders."
Revenues were $3.50 billion for the first quarter of 2015 compared with $3.57 billion for the same prior-year period. The quarter was affected by the broadcast of one fewer National Football League playoff game on the CBS Television Network and lower advertising revenues at the Company's Local Broadcasting segment. Content licensing and distribution revenues decreased 4 percent, while affiliate and subscription fees increased 11 percent, driven by growth in rates.
Operating income was $702 million for the first quarter of 2015 compared with $791 million for the same prior-year period, reflecting a higher investment in sports and entertainment programming.
Net earnings from continuing operations were $394 million for the first quarter of 2015 compared with $462 million for the same prior-year period as a result of the lower operating income. EPS was a record for the quarter at $.78 compared with $.77 for the same quarter in 2014. Weighted average shares outstanding were 506 million in this year's first quarter, down from 600 million in the prior-year period.

Beasley Broadcast Group Reports First Quarter Results
Beasley Broadcast Group, Inc. announced operating results for the three month period ended March 31, 2015.
Commenting on the results, George G. Beasley, Chairman and Chief Executive Officer, said, “On a reported basis, first quarter net revenue from continuing operations rose 87.2 percent and SOI increased 92.3 percent. However, given the required accounting treatment for discontinued operations following last December’s asset exchange, the results exclude the stations we gave up in the transaction."
“As such, we continue to believe the pro forma presentation, which assumes the asset exchange occurred on January 1, 2014, better reflects the first quarter operating results. On a pro forma basis, first quarter net revenue decreased 10.3 percent while SOI declined 12.2 percent. The pro forma revenue decline is primarily attributable to overall market  weakness in Charlotte and Tampa-St. Petersburg and softer ad sales at our Wilmington cluster during the first quarter, our reduction in spot units at the newly acquired stations and revenue in last year’s first quarter in Charlotte and Tampa-St. Petersburg related to the CBS affiliation that did not recur due to the change in ownership."
“While the first quarter pro forma presentation allows for a comparison of the same stations during both periods, it only partially reflects a range of recent revenue and cost initiatives primarily initiated at the newly acquired stations. In our Tampa-St. Petersburg market cluster, we’ve taken a holistic approach with respect to format changes, on-air talent and adding new management for the market, operations and sales. Our strategy in our Charlotte market cluster is focused on extending the cluster’s successes and driving further operating efficiencies. Our Tampa-St. Petersburg and Charlotte clusters are highly competitive in their respective markets from the standpoint of revenue share."
“In addition to our initiatives during the quarter to extract financial and operating synergies from the asset exchange, we made further progress on debt reduction while returning capital to shareholders. During the first quarter we made credit facility repayments totaling $1.5 million, reducing borrowings to $96.2 million at March 31, 2015 and declared our sixth consecutive quarterly cash dividend."
“Looking forward, we are focused on ensuring that our station clusters match or exceed their market’s revenue performance while further strengthening our balance sheet. Our integration, programming, personnel, cost-efficiency and operating changes are underway and are expected to be reflected in future period’s results which will support our goals for growth and the enhancement of shareholder value."


FMQB NOW

Erik Bradley
APD/MD, B96/Chicago

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!