Monday, October 27, 2008

 

How's that stock price...?

Locally, people have been joking about Entercom's stock, as they seem toi be one of the best examples of under performing radio stock.

But take a look at how some others have done in the past 5 years.

(Most of the decline comes before this last 60 days. September and October just put the period at the end of a long sentence.)

Radio is now a "penny stock" in some cases.

Take a look at some of the most stunning examples.

(I assume the CBS is radio AND TV..so they seemed to have fared a little better than the radio-only companies.)



Sirius XM













Entercom













CBS













Citadel Broadcasting













Regent Communications













Radio One













Westwood One

Thursday, October 23, 2008

 

Former WRKO Talker held on rape charge


He was in their employ till last Thursday and was let go due to budget cuts, replaced by Laura Ingraham. A "listener appreciation party" was due to be held in Malden. Now former WRKO talk host Reese Hopkins is being held without bail on a "fugitive from justice charge stemming from a four-year-old rape allegation in New York City".

Details are in the Globe and in the Herald.

He is being extradited to New York City and claims that he was not present when the alleged rape
was said to have occured (late 2004 in New York City; he claims to have been
in Manchester, CT at the time)

Tuesday, October 21, 2008

 

Entercom joke....


For those who dont follow stocks, some radio stocks have been taking a battering for the last year or two. With the stock market tanking in the last month or so, some have dipped even further.

Entercom, owners of WRKO, WEEI, WMKK and WAAF has seen their stock price fall from $30 a share (in 2/2007) to yesterdays close of $1.50 a share. (If you had $100k in Entercom stock in 2/2007, you now have $5k.)


This was passed along by the Herald's Jessica Heslam:

Overheard joke at Entercom's Boston building at 20 Guest Street:

Q: How do you turn $2 billion into $60 million?

A: I don’t know - ask David Field.


(Field, is Entercom’s CEO.)

Thursday, October 16, 2008

 

WRKO replaces Hopkins with Ingraham



Business losses are hitting Entercom hard, and it has resulted in some job losses
locally. The
Herald
reports that Reese Hopkins has been let go from WRKO despite getting some good ratings. His
10-noon slot will be taken by the syndicated Laura Ingraham show. Also let go
were producers for the Tom Finneran show (WRKO) and the Greg Hill show (WAAF).

Jessica Heslam of the Herald quotes WRKO's Jason Wolfe as saying,
“Reese did an excellent job for us and I certainly wish him well going forward. These are challenging times for our industry and we need to adjust accordingly.”

UPDATE Oct 17: The Herald now reports a producer for the Howie Carr Show was let go.

Friday, October 10, 2008

 

The Incredible Shrinking Hank...!



Hank Morse from WROR's Loren & Wally show has been on a weight loss program and working out with a personal trainer since May. They have been chronicleing Hank's adventure on the WROR web site.

So far he's down 85 pounds!

Coming soon....Hanks own workout video (with Lenny Clarke...I kid you not!)

Take a look!


 

Dale Digs in on Saturday Mornings.



After fearing the worst, I am glad to hear Dale Dorman still has a home on Boston radio. It appears Dale has decided to take a step back from the grueling early morning hours. Dale will still be heard on Oldies 103.3 on Saturday mornings.

The rest of the checkerboard? Stepping into Dale's old morning-drive slot is the former afternoon madam Karen Blake, acoompanied by former Ch 4 sportscaster Bob Lobel. (Is this a CBS plan to him employed and not working elsewhere?)

JJ Wright
slides into afternoon drive from evenings.

And, syndicated Tom Kent takes the night slot.

And we hear Patrick Callahn is back on the air at Oldies after a stroll across town. ;-)

(It's hard to believe CBS running syndicated stuff on a major market station before midnight. I mean, I might understand it if the Kent show was a CBS or Westwood One product, but it's not. I always thought Boston should be a place where syndicated shows come from....not arrive.)

For those who long for the good old days....remember the first time you turned on a radio and heard Dale Dorman?

You should be able to get an MP3 of Dale back in 1973.....HERE.

The Globe's Clea Simon had this story:

Boston icon Dorman dials back DJ duties at Oldies station

You may have missed this recent article in the Globe about Karen Blake:

Talk the talk, walk the walk

And I would link to the Herald's story by Jessica Heslam about Bob Lobel...but the Herald takes things offline to quickly, then wants to CHARGE for articles! Not a way to make friends Herald! Or steer people to your website.

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