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Posts Tagged ‘Cumulus Media’

Morning Media Newsfeed: Bloomberg Cancels Hunt | CNN Politics Makes Cuts

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Bloomberg Media Makes Cuts in Three Cities, Cancels Political Capital (TVNewser)
Bloomberg Media made cuts in Washington, D.C., Los Angeles and New York City Thursday. FishbowlDC Bloomberg announced several layoffs in its D.C. bureau, relocating a few TV production positions to New York, where its daily politics show with Mark Halperin and John Heilemann — slated to launch in October — will be produced. Amid news of the layoffs, Bloomberg spokeswoman Amanda Cowie shared the following statement: ”Our TV operation — in the U.S. and around the world — is growing in size. We are changing how, and where, the TV operation is run.” NYT Some political and finance reporters were dismissed and the company will move some European television production jobs to London. It will also close its small television bureau in Los Angeles and focus its resources on San Francisco. Politico / Dylan Byers on Media Bloomberg Media has decided to cancel its weekly political talk show, Political Capital With Al Hunt. Hunt will continue to write his weekly column for Bloomberg View, the site’s opinion vertical. Several print staff will also be laid off. Staffers will have the option to apply for other jobs at the company. TheWrap “We will continue to expand our Washington coverage. We’re launching a new politics platform — including for the first time a daily political show — expanding initiatives like First Word DC, investing in financial crimes reporting and the changes are a part of the overall new structure being put into place,” Cowie said.

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Morning Media Newsfeed: Elliott Exits GMA | Piers Morgan Bows Out | NYT Mag Names New Editor

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Josh Elliott Exiting ABC’s Good Morning America for NBC Sports (TheWrap)
After months of speculation over Josh Elliott’s future at ABC News’ Good Morning America, contract talks broke down over the weekend and he will leave his anchor spot for a gig with NBC Sports. Amy Robach will be promoted to news anchor, effective immediately. TVNewser Elliott’s jump to NBC and return to sports comes at the end of intense contract negotiations with ABC News. Elliott will work on most high-profile NBC Sports programs including Sunday Night Football, NBC Olympics and Triple Crown horse racing. NBC is expected to reveal more later this week. Deadline Hollywood Elliott, who had been making about $1.2 million salary at GMA, turned down an offer to stay with the show for $4-$5 million. After his fellow anchor Lara Spencer nailed down a lucrative multiyear contract Thursday, Elliott raised his ask to $10 million a year. Per the terms of Elliott’s exit, he cannot appear on NBC’s Today show for six months. NYT Elliott is the second member of the GMA team to be recruited away from the show by NBCUniversal. Sam Champion, who had been the weather anchor for GMA, was hired by the Weather Channel to start up a new morning show on that cable channel, which is owned by NBCUniversal. ABC did make a strong effort to retain Elliott, offering him about $5 million a year, according to one executive with knowledge of the negotiations. Variety Robach, Elliott’s replacement, began her career as a general assignment reporter in South Carolina and moved on to become a morning anchor in Washington, D.C. She spent five years at NBC where she was an anchor at MSNBC and co-host of Weekend Today. Co-anchors Robin Roberts and George Stephanopoulos remain as the leads of the show.

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Cumulus Positioning NASH FM as National Country Radio-Lifestyle Flagship

NASHFMLogoIf there were a couple of country and western songs in the rotation about battling 2013-14 winter blizzards and the #polarvortex, chances are the following numbers would be even more impressive. But as it stands, Bloomberg Businessweek staff writer Felix Gillette frames the radio stats as solid:

In December 2013, according to Nielsen (NLSN), 94.7 Nash FM reached 988,000 cumulative listeners, making it the 19th most popular station in the New York region. That’s still well behind such New York mainstays as No. 1 ranked 106.7 Lite FM, (5.3 million listeners), No. 7 ranked Hot 97.1 FM (2.5 million), and 15th-ranked WFAN-FM sports radio (1.7 million).

According to Gillette’s piece, the performance of NASH FM is on track to exceed Cumulus’ initial break-even expectations and become profitable sometime later this year. The 94.7 FM station is also the flagship for a growing national network of re-branded Cumulus stations in Detroit, New Orleans and elsewhere. Recently, the company sponsored a “Nash Holiday Bash” at the Beacon Theatre and has an ongoing lineup of local concert events.

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Morning Media Newsfeed: Cumulus to Drop Limbaugh | The View Wants Kotb? | Atlantic Exec Departs


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Cumulus Planning to Drop Rush Limbaugh, Sean Hannity (Politico / Dylan Byers on Media)
In a major shakeup for the radio industry, Cumulus Media, the second-biggest broadcaster in the country, is planning to drop both Rush Limbaugh and Sean Hannity from its stations at the end of the year, an industry source told Politico on Sunday. Cumulus has decided that it will not renew its contracts with either host, the source said, a move that would remove the two most highly rated conservative talk personalities from more than 40 Cumulus channels in major markets. New York Daily News New York radio observers have been expecting for the past year that Limbaugh and probably Hannity would leave WABC, which is owned by Cumulus, for rival WOR. Speculation about possible replacements at WABC for Limbaugh’s noon-3 p.m. show and Hannity’s 3-6 p.m. show has focused on Mike Huckabee and WABC evening hosts Mark Levin and Michael Savage, who signed with Cumulus last year. Deadline Hollywood In May, Limbaugh reportedly mulled leaving Cumulus after receiving blame for advertiser decline in the wake of his controversial Sandra Fluke comments. Cumulus CEO Lew Dickey told Bloomberg TV at the time that “we have the premier talk distribution platform in the business and if you want to be on a big stage in this game, you need to be on our stations in the largest markets. They’re the biggest signals, the heritage brands and everybody knows that.”

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CBS Could Reportedly Sell Off Radio Unit to Cumulus

On the heels of Cumulus shaking up the radio landscape by bringing Country back to New York, there’s word that the media company may be ready to become even bigger. The New York Post reports that Cumulus may ultimately purchase CBS Radio. Cumulus is the second largest radio outfit in the country behind only Clear Channel.

The newspaper says the first step would be a spinoff of the CBS billboard division. That has fueled the fire that a radio acquisition would follow, although likely not for another year or two.

The Post says the buyout would likely fall to the hands of Cumulus, and honcho Lew Dickey. Taking over the CBS Radio properties would make Cumulus comparable in size to Clear Channel.

The Cumulus/CBS deal is not far-fetched. The Atlanta-based radio company has joined forces with CBS to help the CBS Sports Radio network take off.

However, a CBS spokesperson would not play the rumor game, telling the Post, “We just bought a major station in New York and launched the CBS [Sports] Radio network. We are not selling CBS Radio.”

Cumulus’ 94.7 Conducts Weekend Stunt Ahead of Tomorrow’s New Format

Cumulus ended its WPLJ simulcast with new acquisition 94.7. The station with call letters WRXP began the final push before it debuts the new format.

The station will unveil its format of choice tomorrow morning, fittingly at 9:47 a.m.

Until that time, Cumulus is having some fun with listeners. In an entertaining stunt called “Wheel of Formats,” it is spending the weekend spinning the wheel of possible genres. Some are serious contenders, while others are completely throwing everyone off.

For example, the short previews take listeners from a Michael Jackson station to all Disco music. There was the comedy format, and separately “Weird” Al Yankovic and his pop parodies, along with a Beatles “Fab Format.” Those are in the extremely unlikely category, as are the 24/7 polka tunes.

But, a stronger contender is a country format. The “wheel” landed on a pair of country possibilities–one featuring Nashville “legends,” with the other highlighting current artists.

Also, on the station during this weekend was the whimisical all-New Jersey music, with songs from Bruce Springsteen, Frank Sinatra, Frankie Valli and The Four Seasons, and Whitney Houston. Her signature, I’ll Always Love You segued into a Love Songs format.

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Taking the ‘McKay Way’ to WPLJ, WABC

There are dozens of radio traffic reporters in the New York market. Many of them could be deemed “interchangable” with a cookie cutter sound. Only a select few in the last 20 years have been able to make a career, and be known to a large number of listeners. And then there’s Jeff McKay!

McKay is clearly the most engaging traffic reporter in the business. Therefore, his stock is constantly on the rise. After many years as a full-time gridlock guy on 1010 WINS, mainly nights and weekends, McKay landed as the morning traffic anchor with a managerial role at Merlin Media’s ill-conceived, FM News. But McKay has never been ill-conceived. His reports stay true every 10 minutes, never crossing into gimmicky. He straddles a line effortlessly from entertaining to informing like few in the traffic world have ever done.

Once the writing was on the wall at Merlin last year, and Merlin fired the majority of its staff, McKay began his quest for the next radio home.

“I was looking at a number of scenarios, in radio, television and outside of broadcasting, and had received several offers I liked,” McKay admits. “However, the possibilities with Radiate Media and Cumulus was the best position for me and my family.”

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Cumulus Gives Don Imus a Multi-Year Extension

Don Imus, the legendary morning man, has extended his relationship with Cumulus Media through 2015. The I-Man has inked a deal keeping him anchored to the 77 WABC 6 a.m. to 10 a.m shift for another three years. Imus in the Morning is syndicated to all 50 states.

“I am delighted that our listeners and advertisers have the certainty of knowing Don and his amazing team at ‘Imus in the Morning’ will remain on 77 WABC for at least three more years,” said John Dickey, co-chief operating officer at Cumulus. “Don’s a radio legend and is an important part of our team.”

Following a stint in Cleveland, Imus headed to New York’s WNBC in 1971. After being fired by that station in 1977, Imus was back at 660 in 1979. From 1982 to 1985, Imus formed a one-two punch with afternoon personality Howard Stern that led to famous ad campaign with the radio stars,”If we weren’t so bad, we wouldn’t be so good.”

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CNBC Reports Citadel In Negotiations With Cumulus

There is word today that Citadel Broadcasting, anchored in New York by WABC-AM, is in negotiations to sell itself to Cumulus Media.

CNBC’s David Faber was the first to break the story today.

He says the deal would be at $37 a share, with $30 in cash and the remaining $7 in Cumulus stock.  

CNBC’s Faber adds that in December, Cumulus, led by its CEO Lou Dickie, made an offer of around $31 a share for Citadel, which ultimately was rejected by the company. 

Since then, CNBC’s Faber reports, Citadel has been in what he deems “auction mode.”

CNBC’s Faber says he doesn’t expect the exclusive negotiations to linger for a long period of time.

The closest Cumulus get to reaching New York City is WFAS in Westchester and a pair of a stations in Bridgeport, CT.