Industry News

Union Comments on Audacy’s WCBS-AM, New York Decision

The radio industry was in shock yesterday after Audacy announced it will shut down the all-news format on New York’s legendary WCBS-AM and lease the signal to Good Karma Brands for its “ESPN New York” sports talk format. The Writers Guild of America East represents news staffers at the station, and it had theim following response to the company’s decision: “The Writers Guild of America East is devastated that Audacy, the second largest radio company in America, today announced that they are shutting down WCBS Newsradio 880, a trusted news source for New Yorkers since 1924. There were 23 WGA East members laid off by Audacy, and we expect the company to comply with the applicable provisions in our collective bargaining agreement, including guaranteed severance. Audacy is the owner of more than 200 radio stations in nearly 50 markets. The closure of WCBS Newsradio 880 is another example of consolidation by a major media conglomerate, which ultimately deprives the public of critical local news stories with different perspectives. Audacy’s decision is even more egregious given that this is a critical election year. This is a giant loss for New York City and the news industry at large.”

Industry News

Audacy Releases “The Power of Sports” Fandom Study

The study, conducted in partnership with Vision Insights, tells the story of sports fans’ loyalty to content and broadcast brands and that resulting impact that radio delivers for brands and advertisers, especially thoseim that partner with Audacy’s own sports talk stations. Some of the key takeaways from this study include: 1) Sports fans are 4x more likely to trust brands that support their teams; 2) Listeners are 4x more likely to catch a brand’s message on sports radio than on TV; 3) 73% of fans spend more time following their favorite teams on sports audio than sports-related digital media; and 4) Brands that advertise on Audacy sports stations enjoy a 40% lift in usage.  See more about the study here.

Industry News

Report: Parkins to Leave “The Score” for FS1

According to a report in the Chicago Sun-Times, WSCR, Chicago sports talk host Danny Parkins will leaveim the Audacy station to become part of a new show on FS1. Parkins has worked alongside Matt Spiegel on the afternoon drive program for the past seven years. This summer, Parkins filled in for Colin Cowherd on the cable TV show The Herd and reportedly acquitted himself well. The FS1 show is scheduled to launch this fall. Parkins and Audacy have not commented publicly about the story.

Industry News

Audacy to Shutter All-News WCBS-AM, New York; GKB to Lease Signal for ESPN New York

Audacy announces that it is ending the all-news format on WCBS-AM, New York and will lease the signal to Good Karma Brands, which will begin airing its sports talk “ESPN New York” format on the signal, beginning August 26. Audacy plans to change the call letters to WHSQ-AM. Audacy, which will continue to operate all-news WINS-AM/FM, has not commented on how the change will affect WCBS-AM staffers. Audacy Newim York market president Chris Oliviero states, “New York has always been proudly unique in supporting two all-news radio brands, but the news business has gone through significant changes. The headwinds facing local journalism nationwide made it essential to strategically reimagine how we deliver the news for the most impact. WCBS 880 has been one of the most respected radio stations in history, with a legacy cemented by the hundreds of world-class journalists, on and off the air, who willed it into existence over the decades. If it happened in New York or the world, you heard about it on WCBS 880. Today, 1010 WINS@92.3FM, equally iconic, moves forward as New York’s only 24/7 all-news station with the best distribution platform, the largest audience and the most recognized brand in the industry. All-news is a pillar of Audacy, and this decision, though difficult, fortifies that leadership position for generations to come.” Audacy says that to honor WCBS 880’s meaningful impact, the station will broadcast a live commemorative special, “WCBS 880 News: The People, the Moments, and the Events that Shaped our Lives,” on August 22 from 10:00 am to 1:00 pm ET. This special edition of “NEWSLINE” with Brigitte Quinn will include interviews and historical clips. Audacy New York will continue to serve as the exclusive rights holder and flagship audio home of the New York Mets. Audacy-produced broadcasts will continue to air on 880 AM and stream on the Audacy app.

Industry News

Audacy Q2 Net Revenue Rises 1%

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”

Industry News

Audacy to Launch New Sports Talk Outlet in Kansas City

Audacy will flip alternative rock KRBZ-FM, Kansas City to sports talk as “96.5 The Fan” and is changing the call letters to KFNZ-FM. Audacy says, “The market-leading sports talent, commentary, analysis and play-by-play coverage previously heard on ‘610 Sports Radio’ (KCSP-AM) will now be heard on 96.5 The Fan – marking Kansas City’s first full-time FM Sports station. This FM sports destination will be the new flagshipim radio station of the back-to-back defending Super Bowl champion Kansas City Chiefs and broadcast all pre-, regular and post-season games. Chiefs games will be simulcast on 106.5 The Wolf “WDAF-FM” for the 2024 season.” The station will also serve as the play-by-play home of the Kansas City Royals, Kansas State University and University of Missouri men’s basketball and football. The station’s weekday programming and play-by-play content will also be heard on KFNZ-AM “The Fan AM 610,” formerly known as KCSP-AM. Audacy Kansas City SVP and market manager Roxanne Marati comments, “Kansas City has the most passionate sports fans in the country, and they deserve a one-stop destination for premium sports content year-round. This is an exciting time for KC sports, and our exclusive partnership with the World Champion Chiefs, local content and engaging personalities with unrivaled sports knowledge will fuel fandom, bring listeners closer to the action and keep them connected to their favorite teams.”

Industry News

Reggie Adetula Joins KILT-AM, Houston in Middays

Audacy names Reginald “Reggie” Adetula midday co-host of the “In The Loop” midday show alongside coim-host John Lopez and producer Edward “Figgy Fig” Gilliard on KILT-AM “SportsRadio 610,” beginning August 19. KILT brand manager Parker Hillis comments, “We’re thrilled to have Reggie join ‘In The Loop’ as the newest host. He’s a natural talent whose on-air enthusiasm and innate ability to connect with an audience will make him the perfect fit here in Houston.” Adetula is a native Houstonian who returns home after nine years as the evening host and producer on Audacy’s KRLD-FM, Dallas “105.3 The Fan.”

Industry Views

SABO SEZ: The Myth About Wall Street

By Walter Sabo
CEO, Sabo Media Action Partners
A.K.A. Walter M Sterling
Daily host, WPHT Philadelphia
Weekly host, Talk Media Network

imWall Street investors do not put up money for traditional radio and television stations.

That myth has been a burden within our culture for about 10 years and it just is not true. From a 1980s fast-buck perspective, traditional media does not offer the no-effort returns it once did. But major investors continue to seek opportunities from radio and TV acquisitions. Notably, today the money is much “smarter” than that found in the 1980s.

(Side note, the 1980s rush to radio put the business in the hellish financing we live with today. The new money won’t do that.)

Marc Rowan is the CEO of Apollo Advisors which bought Cox TV and radio. Apollo was first money in Sirius radio. Their escrow check closed the deal for Howard Stern and changed the radio industry. Marc explained to me that Apollo is not an investor, they are “owners.” Apollo has a long game plan as savvy operators with decent, moral standards. Marc actually likes, consumes and celebrates media. Apollo is not a chop shop. They build businesses.

George Soros is about to close on Audacy. Mr. Soros is a brilliant business builder. Like Apollo, he is an owner/operator. Soros represents smart money going into the proven medium of radio.

John Malone, builder of the cable industry, saved Sirius within days of bankruptcy. The company was about to miss payroll, Malone pulled it out the fire and through Liberty holdings he continues to control 83% of SiriusXM. Over the years he has grown, not diminished Liberty’s stake in the satellite company.

Rowan, Soros, and Malone have one thing in common: They are not jokers. They each have robust histories of sober, sane investments which has made them billionaires. While you and I shop the price of milk, the new owners of proven media are model guides for future Wall Streeters.

Walter Sabo has been a C Suite action partner for companies such as SiriusXM, Hearst, Press Broadcasting, Gannett, RKO General and many other leading media outlets. His company HITVIEWS, in 2007, was the first to identify and monetize video influencers.. His nightly show “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com

Industry News

TALKERS News Notes

FOX News Channel’s “Gutfeld!” – hosted by Greg Gutfeld – will broadcast live at 11:00 pm ET each night following the network’s coverage of the Democratic National Convention in Chicago. From August 19 through 22, the program (which is usually taped earlier in the day) will be joined live by a studio audience in New York City for the first time ever.

Audacy’s sports talk WEEI-AM/FM, Boston and the New England Patriots announce a multi-year extension to their broadcast partnership that includes the continuation of exclusive “Patriots Monday” and “Patriots Friday” programming, featuring head coach Jerod Mayo and Patriots players. This year marks the 30th season of the partnership between WEEI and the Patriots, which began in 1995.

The latest episode of Benztown president Dave “Chachi” Denes’ podcast “Chachi Loves Everybody” features a conversation with National Association of Broadcasters president and CEO Curtis LeGeyt.

Industry News

Round One of July 2024 PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s July 2024 PPM survey has been released for 12 markets including New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). The survey period covered June 20 through July 17. Today, TALKERS managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media Group’s news/talk WABC rises a half share to finish with a 3.8 share (weekly, 6+ AQH share) and climbs to the #10 rank, while iHeartMedia’s news/talk WOR tacks on two-tenths for a 1.7 share finish good for the #19 rank. In Los Angeles, iHeartMedia’s news/talk KFI adds three-tenths to finish with a 4.0 share keeping it locked in the #7 rank, while Audacy’s all-news KNX-FM rises two-tenths to a 3.3 share, lifting it to the #10 rank. In Chicago, Nexstar Media Group’s news/talk WGN is flat with a 2.5 share but rises two places to the #13 rank, while Cumulus Media Group’s news/talk WLS-AM ticks up one-tenth to a 1.2 share, staying in the #25 spot, and Audacy’s all-news WBBM-AM/WCFS-FM dips two-tenths to a 5.2 share good for the #5 rank in the market. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

Industry News

KRLD, Dallas Adds FOX News Radio’s Will Cain

Audacy’s KRLD-AM, Dallas adds FOX News Radio’s “The Will Cain Show” to its program lineup, airing fromim 7:00 pm to 8:00 pm. KRLD brand manager Drew Anderssen says, “Will’s unique perspective on today’s top headlines will be a welcomed addition to our revamped lineup on KRLD. We’re excited to expand his reach and introduce his wildly popular program to KRLD listeners in Dallas and nationwide via the Audacy app.”

Industry News

WWJ, Detroit Announces News Staff Additions

Audacy’s all-news WWJ, Detroit brings Tim Pamplin aboard as a news reporter and promotes Darrylinim Horne to a full-time reporter position. Pamplin has spent the past 30-plus years with WDIV-TV as a photojournalist and reporter. Horne has been a part-time producer and imreporter at WWJ since 2021. Previously, she was a weekday reporter and weekend fill-in producer at WLNS-TV. Audacy Detroit market manager Debbie Kenyon states, “We couldn’t be more excited for Tim to join our news team. We plan to leverage his renowned breaking news reports to provide our listeners with quality coverage of each day’s top stories. We’re also looking forward to supporting Darrylin in this new role as she applies her skillful storytelling in everything from feature stories to contributions on our digital platforms.”

Industry News

Howard Eskin Returns to WIP Saturday Show

According to a report in the New York Post, longtime WIP, Philadelphia personality Howard Eskin returned to his regular Saturday show on the Audacy sports talk station and addressed the incident that happened at Citizens Bank Park in late June that got him banned from the ballpark in late June. Eskin was banned from theim Citizens Bank Park and from the 76ers’ practice facility in Camden, New Jersey after an unwanted advance on an Aramark employee at the ballpark. Eskin was off WIP since that time. He said, in part, “I’d like to briefly address the recent reports about an incident at Citizens Bank Park. Now I’m not going to get into specifics other than to say that I recognize my actions have offended and upset her. I feel awful about that. I really do. I apologized to her at the time of the incident, and I apologize again now. I’m truly sorry that this did occur. I know a lot of you want me to say more about this, but I don’t intend to comment on this any further and hopefully you understand.”  See the Post story here.

Industry News

Post-Assassination Attempt Ratings Spikes At News, News/Talk Stations

Audacy LogoFollowing up on a story reported yesterday (7/22) in TALKERS, an Audacy Insights Team blogpost (“Local News Radio Listenership Soars”) cites Nielsen Audio listenership increases following the July 13 assassination attempt on former President Donald Trump. Leading up to quoting specific stats, the research piece states, “Local news audiences are incredibly engaged” and are “twice as likely to stick around through radio ads compared to the average listener. These listeners trust local news radio for its reliable voices and factual reporting.” On July 13,  Audacy news stations “saw a 32% jump in streams compared to the same day the week before. Mobile streams led the way with a 45% increase, while smart speaker usage rose by 30%.” The assassination attempt took place in Butler, PA, roughly 40 miles from Pittsburgh where Audacy news/talk KDKA-AM “experienced a 55% increase in streams.” Meanwhile, its Los Angeles all-news operation, KNX, “saw a 41% rise.” Per the Audacy blog, “Spikes in listenership across digital audio platforms confirm that local news radio stations are truly with you during critical times, offering reliable and detailed coverage when needed most.” Engagement continued leading up to last Monday (7/15), the first day of the Republican National Convention, as Audacy news stations “experienced a 5% rise in listenership compared to the previous Monday.” The Audacy blog contends approximately two of three (65%) all-news listeners “trust radio hosts for news updates, compared to 30% who look to social media influencers for such information.” The July 13 assassination attempt “highlights the essential role of local news radio. With a significant boost in listenership and a clear preference for trustworthy, community-focused reporting, local news radio remains a key player in delivering reliable news.”

Industry News

TALKERS News Notes

Massachusetts Broadcasters AssociatioinDuring a presentation last week at Beasley Media Group Boston, the Massachusetts Broadcasters Association awarded 11 scholarships totaling $30,000. Scholarship checks were presented by MBA’s immediate past chair/Beasley Media Group vice president/market manager Mary Menna and MBA executive director Jordan Walton. According to Menna, “Beasley Media is proud to have participated in the MBA Student Broadcaster Scholarship for many years. It’s a worthwhile investment in supporting the next generation of radio and television employees.” Walton commented, “The MBA and its members have invested hundreds of thousands of dollars in our future broadcasters. We look forward to watching this group succeed in broadcasting in the years to come.” Menna and Walton delivered brief remarks to the scholarship winners before BMG Boston sports talk WBZ-FM “98.5 The Sports Hub” morning hosts Fred Toucher and Rob “Hardy” Poole spoke to the winners about their paths into broadcasting. Student Broadcaster Scholarships are given to students pursuing a career in over-the-air broadcasting and enrolled at a two or four-year accredited school.

 

Rob EllisAudacy Philadelphia sports talk WIP “Sports Radio 94” names Rob Ellis Saturday 10:00 am -1:00 pm co-host, succeeding the retired Glen Macnow. Ellis will be partnered with Mike Sielski, who said during the on-air announcement, “It’s going to be terrific. We very much wanted to keep the tone, content, and humor that Glen brought to the show.” Ellis joined WIP in 2007; left in 2015; but returned in 2018. He has previously hosted afternoons; evenings; and pre- and post-game shows of the Phillies; Eagles; Sixers; and Flyers. Ellis worked in television for 23 years and is a two-time Emmy winner.

Industry News

Audacy Agrees to $2 Million Tax Payment

As Audacy continues the process of exiting Chapter 11 reorganization, it settles an unpaid tax bill with theim township of Lower Merion with regard to its former headquarters in Bala Cynwyd, Pennsylvania. The original amount to be paid by Audacy was $1.4 million however that figure was later deemed incorrect and now the company agrees to pay the township $2 million. Audacy is still awaiting final approval from the FCC to be able to operate its radio stations as the new Audacy.

Industry News

Audacy: Human Voices Engender Trust

Audacy reports that according to June 2024 data from its Innovation Tracker, 75% of U.S. adults believe AI can deceive them with false information, raising concerns about authenticity and reliability and that the human voice stands out as a beacon of trust. Audacy says the data reveals that “people are more than twice as likely to trust a human voice (55%) over AI-generated content (23%). This preference also extends toim advertising, where consumers express greater comfort with audio ads crafted by humans compared to those produced by AI. This trust in human voices isn’t just a preference; it’s a critical factor in advertising and content consumption.” Further, the data shows that radio hosts are valued 2.5 times more than social media influencers for delivering news (56% vs. 22%) and twice as much for sports commentary (40% vs. 21%). Similarly, podcast hosts are preferred over social media figures when discussing social issues (43% vs. 34%). Audacy concludes, “These statistics underscore the profound impact of human voices in fostering meaningful connections and reliable information dissemination.”

Industry News

Audacy Names Chris Brown as Bills Radio Voice

Audacy announces that Chris Brown is the new radio play-by-play announcer for Buffalo Bills football broadcasts on sports talk WGR 550 (WGR-AM), beginning this season. Brown served as the interimim announcer last season, will continue as Bills Insider for the station, co-hosting “One Bills LIVE,” weekdays at 1:00 pm and simulcast on MSG Western New York. Audacy Buffalo SVP and market manager Tim Wenger says, “Chris is best suited to carry on the long tradition of informative, passionate and entertaining Bills play-by-play announcing. His decades-long knowledge of the organization will be invaluable as he assumes the play-by-play microphone.”

Industry News

Audacy Elevates Jeff Miller in Cleveland

Audacy names Jeff Miller SVP, market manager and director of sales for the Cleveland operations that includes sports talk WKRK-FM “92.3 The Fan” and four music brands.  Audacy regional president Markim Hannon says, “Jeff has been one of our key sales management leaders for nearly three decades, leading robust sales teams and managing salespeople of all experience levels. He has also been an integral player in making ‘92.3 The Fan’ one of the market’s dominant revenue leaders while managing the relationship with our key partner, the Cleveland Browns. I know that Jeff will advance the legacy of Tom Herschel as Audacy Cleveland’s new leader, and I look forward to working with him to set the path forward.” Miller comments, “I am humbled, motivated and very excited to accept this fantastic opportunity to lead Audacy Cleveland. I look forward to working with our team and the entire organization to build on the success we experienced under Tom Herschel’s guidance.”

Industry News

Joe Kelley Joins KRLD, Dallas; Mike Rogers Moves to Middays

Audacy announces lineup changes at all-news KRLD-AM, Dallas “NewsRadio 1080.” After serving for 19 years with Cox Media Group, most recently as host of the morning program on WDBO, Orlando, Joe Kelleyim is named the new host of “The KRLD Morning News.” Incumbent morning host Mike Rogers moves to the 10:00 am to 12:00 noon daypart. Both moves take effect on July 22. Audacy news & talk format VP and KRLD brand manager Drew Anderssen imsays, “We’re proud to unveil the next phase of KRLD’s new-look lineup by adding Joe Kelley and moving local favorite Mike Rogers to middays. Mike has resonated with our listeners for over three decades, and we have no doubt he will continue to provide informative, relevant content to them in middays. We’re equally excited to welcome Joe Kelley, who, with his rich background in news and multi-platform content distribution, will bring a wealth of experience and passion to our morning news.” Kelley comments, “I am honored to join the esteemed KRLD brand and embrace the responsibility of upholding the legacy crafted by generations of broadcasters. Returning to Texas – a place that resonates with familiarity and warmth – fills me with great enthusiasm. I look forward to further elevating KRLD’s prominence in the North Texas community.”

Industry News

Round One of June PPMs Released

imThe first of four rounds of ratings data from Nielsen Audio’s June 2024 PPM survey has been released for 12 markets including New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). The survey period covered May 23 through June 19. Today, TALKERS magazine editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York, Red Apple Media’s news/talk WABC is steady with a 3.3 share (weekly, 6+ AQH share) but slips to the #11 rank, while iHeartMedia’s news/talk WOR is also steady with a 1.5 share and falls back to the #20 rank. In Chicago, Nexstar Media’s news/talk WGN slides a half share to finish with a 2.5 share good for the #15 rank, while Cumulus Media’s news/talk WLS-AM rises two-tenths to a 1.1 share that lifts it to the #25 rank. In Dallas, Cumulus Media’s news/talk WBAP adds four-tenths for a 3.0 share and rises to the #12 rank, while Audacy’s all-news KRLD-AM is steady with a 1.5 share but slips to the #27 rank. See Mike Kinosian’s complete Ratings Takeaways here.

Industry News

Audacy Strikes Deal to Simulcast “Sports Daily” on Wichita TV Station

Audacy’s sports talk KFH-AM, Wichita enters into a deal with CBS television affiliate KWCH-TV, Wichita to simulcast video and audio of KFH’s morning show, “Sports Daily” starring co-hosts Jacob Albracht andim Tommy Castor, on KWCH’s streaming service, 12 News Connected, from 9:00 am to 11:00 am. KFH operations and brand manager Tony Duesing comments, “We’re delighted to expand the reach of our wildly popular morning show, ‘Sports Daily,’ and introduce the program to a broader audience in video form. Co-hosts Jacob Albracht and Tommy Castor have a unique chemistry that resonates with Wichita’s biggest sports fans, and now viewers can enjoy their insights and banter on 12 News Connected every weekday morning.”

Industry News

Retiring Tom Herschel Honored with CAB Leadership Award

Audacy Cleveland SVP and market manager Tom Herschel – who recently announced his retirement after 22 years with the company – was honored as a 2024 recipient of the Cleveland Association of Broadcasters Excellence in Leadership Award. Herschel states, “While it’s bittersweet to say goodbye to such an incredibleim group of individuals and the remarkable brands we have the privilege to represent here in Cleveland, this decision fills me with joy. By making this move, we’ll finally have the opportunity to be fully present in our family’s daily lives and participate in the precious moments as our grandsons, Charlie and Emerson, grow and flourish. On a personal note, this transition opens the door for me to explore passions and interests that have been not-so-patiently waiting on the sidelines for way too long. I’m looking forward to the luxury of my first summer without a job since I was thirteen. Not to mention, I’m very ready to chase ‘the dream’ of achieving a single-digit golf handicap (hey, like I said, a guy can dream).”

Industry News

Sottolano Rises to Chief Programming Officer at Audacy

Audacy promotes Jeff Sottolano to chief programming officer and signed him to a multi-year contract extension. In this role, Sottolano will be responsible for the content strategy and performance of Audacy’s local brands in all formats across broadcast, streaming, and podcast distribution platforms and oversee theim programming leadership team, talent, and content creators nationwide. Sottolano will also work closely with the company’s product and technology teams as it enhances its creator tools and delivers new digital experiences for consumers and advertisers. He will also collaborate with its podcast leadership team on the development and launch of new titles. Audacy chief operating officer Susan Larkin states, “Jeff has a track record of success. He and our programming and brand leaders have executed market-winning content strategies and initiatives that deliver for our listeners and advertisers. Jeff’s leadership has been instrumental in elevating our performance across all platforms, and this promotion underscores our confidence in his ability to continue growing our best-in-class brand portfolio.” Sottolano joined Audacy (then-Entercom) in 2001 as an intern and has served as EVP and head of programming since 2021.

Industry News

Audacy Names Chris Kinard Sports VP

Audacy names Chris Kinard sports format vice president. Kinard takes over for Spike Eskin, who recently returned to Philadelphia to serve as afternoon show co-host on SportsRadio 94WIP. In this role, Kinard will lead brand and format strategy and execution for the company’s sports portfolio and collaborate closely withim vice president of sports Danny Freisinger on the company’s multiplatform content strategy and production. Kinard will continue to serve as vice president of sports programming and cluster director of operations for Audacy Washington DC that includes WJFK-FM “106.7 The Fan,” WTEM-AM “The Team 980,” and WIAD-FM “94.7 The Drive.”  Audacy EVP and head of programming Jeff Sottolano comments, “We are privileged at Audacy to benefit from the best local sports content thought leaders in the country and Chris has distinguished himself through his leadership of WFJK-FM and WTEM-AM in D.C. over many years. I am excited to see Chris take on this new role and partner with our local and central leadership on further strengthening our unrivaled position in sports.”

Industry News

NYPost: FCC’s Carr Warns of “Soros Shortcut”

Federal Communications Commissioner Brendan Carr commented to the New York Post about liberal billionaire investor George Soros’ acquisition of $400 million of Audacy’s debt (and a potential controlling interest) and the company’s hope the FCC will greenlight its exit from Chapter 11 reorganization. At issue isim the FCC’s requirement to do a foreign ownership review and Audacy’s request that the FCC grant a limited waiver of that review in order to more speedily exit Chapter 11. This request is under heavy scrutiny due to the political aspects of the case. Carr recently told the Post that the FCC should not allow a “Soros shortcut” – a term used by the Media Research Center in its Petition to Deny filed with the Commission – but must follow FCC procedure. Audacy argued in its opposition to the Petition to Deny that there is nothing unique about this request, saying that the FCC “granting a limited waiver deferring its foreign ownership review to facilitate a licensee’s prompt emergence from bankruptcy is consistent with the Communications Act.” Audacy adds that the notion that the limited waiver is new “completely ignores longstanding precedent establishing the Commission-approved special warrant process used in a number of prior transactions to allow licensees to emerge from bankruptcy promptly, while affording the Commission sufficient opportunity to review foreign ownership issues post-emergence.” See the Post story here.