Industry News Bits TUE 8-8-23

August 8, 2023August 16, 2023

The Nielsen JULY PPM release continues this week. Day 2 markets include Tampa, Wash DC, St Louis, & more. Nielsen PPM Christian Radio Ratings are sponsored by Dunham+Company on HisAir. The latest number are HERE.

Nielsen AQH Share for Persons 12+, Mon-Sun 6AM-Mid – SP 23

KPWJ/College Station – 6.6
KAGC/College Station – 0.6
WEAM/Columbus, GA – 2.8
WSTM/Sheboygan – 1.0

Christian Radio Ratings on HisAir.Net are sponsored by Dunham+Company. Go HERE for latest.

Congrats to the staff at KTIS/Minneapolis for hitting 11.6 AQH in the July PPM. It’s the highest ever for KTIS and 4th #1 month in a row!

Salem Media Group, Inc. released its results for the Q2 ended June 30, 2023.

Second Quarter 2023 Results

For the three months ended June 30, 2023 compared to the three months ended June 30, 2022:

Consolidated

Total revenue decreased 4.2% to $65.8 million from $68.7 million;
Total operating expenses increased 13.9% to $69.9 million from $61.4 million;

Broadcast

Net broadcast revenue decreased 5.3% to $49.7 million from $52.5 million;
Station Operating Income (“SOI”) (1) decreased 43.5% to $6.2 million from $10.9 million;
Same Station (1) net broadcast revenue decreased 5.8% to $49.4 million from $52.4 million; and
Same Station SOI (1) decreased 37.7% to $6.8 million from $10.9 million.

Digital Media

Digital media revenue increased 0.5% to $10.9 million from $10.8 million; and
Digital Media Operating Income (1) decreased 27.5% to $1.8 million from $2.5 million.

Year to Date 2023 Results

Consolidated

Total revenue decreased 1.5% to $129.3 million from $131.3 million;
Total operating expenses increased 15.6% to $137.5 million from $119.0 million;

Broadcast

Net broadcast revenue decreased 2.8% to $98.0 million from $100.9 million;
SOI (1) decreased 44.9% to $11.7 million from $21.2 million;
Same station (1) net broadcast revenue decreased 3.2% to $97.5 million from $100.8 million; and
Same station SOI (1) decreased 39.6% to $12.8 million from $21.2 million.

Digital media

Digital media revenue increased 1.3% to $21.4 million from $21.1 million; and
Digital media operating income (1) decreased 23.1% to $3.4 million from $4.4 million.

Who doesn’t need practical teaching, research-based insights, and what to focus on in this current giving climate? September 18-19 is the Give Conference 2023 where Dunham+Company President Rick Dunham and Josh Crowther will share research-based insights into giving trends across generations. They will unpack how giving is changing, provide insights on areas to focus on, and lay out which strategies to put in place now.

Get Registered HERE.

Texas based Voice Over talent Linda O’Brien will be inducted in the Texas Radio Hall of Fame (TRHOF) Class of 2023.

Twenty individuals will be honored on Saturday, November 4th at the TRHOF’s Annual Induction Ceremony at the Texas Museum of Broadcasting and Communications in Kilgore, TX.

WGTS/Wash DC has been named a Best Christian Workplace by the Best Christian Workplaces Institute (BCWI) for the fourth consecutive year. WGTS staff members took the BCWI workplace survey recently. The survey covers three core areas: character, competence, and chemistry. Organizations with a 4.0 or higher on the survey are certified as Best Christian Workplaces. WGTS has participated in the study every year since 2020.

“We know that when we’re healthy internally, it allows us to serve our community better externally,” said WGTS Chief Administrative Officer Kelly Carvalho. “Caring for each other equips us to love our community well.”

Nominees for the 54th Annual GMA Dove Awards will be announced TOMORROW LIVE at 10am CST / 11am EST on YouTube. Featured artists making the announcements include Natalie Grant, Danny Gokey, Jason Crabb, and Jordan Feliz.

The FCC has embraced a Notice of Proposed Rulemaking (NPRM) with the intention of providing enhanced flexibility for digital FM and Low Power FM stations to elevate their digital power levels. This move aims to stimulate greater adoption of digital technology among FM broadcasters, making digital broadcasts accessible to a wider audience. Currently, there are over 2,000 FM stations engaged in digital broadcasting. The NPRM is soliciting input on two suggested changes, and seeks input on the potential benefits to the public and the potential impact on existing FM services.

The National Association of Broadcasters (NAB) expresses its approval for the FCC’s commencement of a deliberation process aimed at considering improvements to FM digital radio service. These proposed enhancements, initially put forth by NAB and other stakeholders in the radio industry, would empower FM stations to amplify their digital broadcast power, leading to improved coverage and service for listeners, even within indoor environments. Furthermore, the proposed rule adjustments would grant broadcasters the capability to direct power increases in a way that minimizes any potential interference with neighboring stations. NAB endorses the FCC’s preliminary determination that adopting these rule modifications would bolster digital FM radio service. NAB eagerly anticipates collaborating with the FCC towards the official implementation of these proposals, as stated by NAB’s Senior Vice President of Communications, Alex Siciliano.

Prayer List:
Paul Pitts

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