The Business of Radio
by Jeff McKay & Tom Gordon
The first quarter numbers for Spanish Broadcasting System may have been one of their worst on record – radio revenues plunged 18%, citing a string of hurricanes causing decreases across the board, but saving the day was TV revenue which was up 25%. One person at SBS that apparently didn’t suffer too much was CEO Raul Alarcon who collected a compensation package of $1.97 annually, which includes health premiums and his tax service bill. Last week The Business of Radio reported on the recall of seven months of PPM data for Los Angeles, and now we know Nielsen removed 23 meters from four households - the impact dropped KLAX by nearly one point impacting a loss of 36% of their 25-54 demos, and also impacted KXOS which lost over ½ of their audience. Univision has announced they’ve filled their vacant CEO office – former Media General TV group CEO Vince Sadusky will replace Randy Falco. The deal of the week has stations are changing hands in the Nation’s Capital as Urban One adds sports and Washington Redskins flagship WTEM-AM from Red Zebra to its home cluster for $4.2 million.