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WNCI and WLZT/Columbus Taps Florentino as PD
Tony Florentino is named Program Director of Clear Channel CHR powerhouse WNCI-FM and AC WLZT-FM. Most recently, he was OM at crosstown Saga with programming duties at AC WSNY-FM (Sunny 94.7). Florentino replaces Michael McCoy, who made the move to CC-owned CHR WKQI-FM (Channel 95.5)/Detroit. Before joining WSNY
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All-Holiday Flips Abound as Christmas Approaches
Thanksgiving is less than two weeks away and the number of stations flipping to all-Holiday and Christmas music continues to grow. CBS Radio's Oldies WODS-FM/Boston makes the switch for the seven consecutive year, while Entercom's Variety Hits WNTR-FM (107.9 The Track)/Indianapolis flips to all Christmas with a format
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Saga Q3 Net Revenues Drop 13.7%, Earnings Down
Saga Communications posted a 13.7 drop in third quarter net operating revenue to $31.3 million from $36.1 million in 2008. Operating income fell to $5.8 million from $7.4 million. Station operating expense decreased $3 million to $23.6 million. The broadcaster reported net earnings of $2.5 million (58 cents per
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Saga/Columbus Appoints TJ Holland as Ops Mgr.
Saga Communications/Columbus appoints TJ Holland as Operations Manager replacing Tony Florentino, whose contract was not renewed. Holland previously served as Director of Programming for Cumulus/Cincinnati before exiting in March over budget issues. While there, he was PD of AC WRRM (Warm 98) and also oversaw the programming of
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Royce Loses Escrow Appeal in Entercom/KWOD Case
Yet another court ruling has come down in the long running saga of Royce International vs. Entercom over the sale of KWOD-FM/Sacramento. The latest appeal by Royce concerns a post-judgment order terminating the escrow account containing $25 million that Entercom deposited towards the purchase price. Royce contends the
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District Court Judge Sends Patent Suit to Mediation
In April, a patent licensing company, Aldav LLC, filed suit against Clear Channel, CBS Radio and several other broadcasters for allegedly infringing on a patent that allows radio outlets to replace local content with content for those listening over the Internet. On Monday, U.S. District Court Judge Leonard Davis has sent Aldav
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Liquid Compass Inks Saga, Salem to Multi-Year Deals
Denver-based Liquid Compass inks deals with Christian radio broadcaster Salem Communications and Saga Communications to join its streaming radio network. Combined, the multi-year contracts add 154 stations in major and top 50 markets to the Liquid Compass network. "The speed, guaranteed uptime and quality of Liquid
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Entercom/Indianapolis VP/MM Phil Hoover to Retire
Entercom/Indianapolis VP/Market Manager Phil Hoover has announced his retirement after nine years with the company and 45 years in the radio industry. Hoover first joined Entercom in 2000 as VP/Market Manager for its Wilkes-Barre/Scranton cluster. He then served as VP/MM of the company's group in New Orleans (2001-2005) before
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Programming Execs Featured in NAB Super Session
The NAB Radio Show will include a session featuring some of the top names in radio programming on September 24. The "Group PDs Super Session" will provide attendees with advice from leading programming executives on the changes shaping the future of radio. Session participants include: Rick Cummings, Gene Romano, Jim Farley,
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Saga Q2 Revenues Down 15.3%, Earnings Narrow
Saga Communications reported second quarter free cash flow grew 1.2% to $6 million from $5.9 million last year. Net operating revenue fell 15.3% to $31.6 million and operating income declined to $6.2 million. The company posted a net income of $2.7 million (63 per diluted share) as compared to $3.5 million (70 cents) in 2008.
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Saga Reverse Stock Split Attracts NY Investor Tisch
Investor Daniel Tisch has been quietly buying up shares of Saga Communications, reports Crain's Detroit Business. The second of four sons of former CBS owner/co-founder Laurence Tisch has bought 480,000 shares in Saga since January 23, increasing his stake to about 12%. He purchased 1300 shares of class A Saga stock at
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Alexis Glick to Keynote NAB Radio Show Luncheon
Fox Business Network anchor, and VP/Business News, Alexis Glick will deliver the keynote address during the NAB Radio Show Luncheon on Friday, September 25 in Philadelphia. Glick's keynote will focus on the current business climate and the state of the economy. The luncheon will also include the presentation of the National
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Saga's Ed Christian To Receive National Radio Award
Saga Communications President/CEO Ed Christian, a 49-year industry vet, will receive the NAB National Radio Award at The NAB Radio Show, September 23-25 in Philadelphia. The award will be presented during the NAB Radio Show Luncheon, sponsored by ASCAP. "While Ed Christian has served tirelessly as a national leader for
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Groups Ask District Court Judge to Toss Patent Suit
In April, a patent licensing company, Aldav LLC, filed suit against Clear Channel, CBS Radio and several other broadcasters for allegedly infringing on a patent that allows radio outlets to replace local content with content for those listening over the Internet, such as local spots or newscasts. Now the some dozen broadcast
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Saga Q1 Revenues Down 17%, Profit Swing to Loss
Saga Communications' net operating revenues for the first quarter fell 17.2% to $26.1 million from $31.5 million. On a same station basis, net operating revenue decreased 17.7% to $25.9 million. Station operating expense was down 5.8% to $23.9 million, while free cash flow declined to $939,000. The company posted a net loss for
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Radio Stocks
|
| Symbol |
Last Trade |
Change |
| ARB |
22.28 |
+0.08 |
| BBGI |
3.60 |
+0.20 |
| CBS-A |
12.84 |
-0.52 |
| CMLS |
2.26 |
+0.01 |
| DIS |
30.01 |
-0.20 |
| EMMS |
1.11 |
-0.03 |
| ETM |
6.25 |
-0.11 |
| EVC |
2.22 |
-0.04 |
| FSCI |
16.59 |
-1.07 |
| HRS |
43.07 |
-0.28 |
| JRN |
3.74 |
+0.05 |
| ROIA |
2.975 |
+0.0056 |
| RGCI |
0.382 |
+0.022 |
| SGA |
12.64 |
+0.05 |
| SALM |
5.30 |
+0.26 |
| SIRI |
0.631 |
-0.0002 |
| SBSA |
0.70 |
+0.01 |
| Updated as of: 11-20-09 6:53pm CT |
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