2022-09-23

By The Numbers: Urban Contemporary's Top Performers 'Can't Stop Won't Stop.'

 


Top Performers- Urban Contemporary

Story by Inside Radio

Whether referred to as R&B, soul or, urban contemporary, the radio format has a long history, dating back to the 1940s and early believers like the legendary WDIA Memphis. The Memphis market is clearly still a leader in the format, as it's the only one with two of Nielsen's top ten urban contemporary stations based on persons 18-34 average-quarter-hour share, Monday-Friday 6am-7pm, in PPM markets during the spring 2022 measurement period.

A closer look at the audience composition of those and Nielsen's other eight listed stations – which follows in the latest in the exclusive-to-Inside-Radio “Top Performers” series of By The Numbers – shows that, to quote one of the format's biggest current hits, the urban contemporary format “Can't Stop Won't Stop.” In fact, in terms of share growth across all key demos since 2021, it's been one of the hottest radio formats of 2022.

iHeartMedia claims half of the stations in Nielsen's top 10, including the top two: “K97.1” WHRK, one of Memphis' two, and “101.1 The Beat” WUBT Nashville. That's two of the four which deliver double-digit shares in persons 18-34, the other two are Beasley Media Group's “Power 98” WPEG Charlotte, and one of Urban One's two listed stations, “92Q Jams” WERQ Baltimore.

Aside from Memphis, which is also served by Flinn Broadcasting's “Hot 107.1” KXHT, there's direct competition for urban contemporary leaders in four other listed markets, making their top-10 ranking all the more impressive. In Miami, Cox Media Group's “99 Jamz” WEDR does battle with iHeart's “103.5 The Beat” WMIB, iHeart's WJLB is up against independently-owned “Hot 107.5” WGPR in Detroit, and iHeart and Urban One urban contemporary stations compete in both Philadelphia and Cleveland: iHeart's “Power 99” WUSL goes head-to-head with Urban One's “100.3 R&B” WRNB in the former, while Urban One's “Z107.9” WENZ battles it out with iHeart's “Real 106.1” WAKS-HD2 in the latter.

Among persons 18-34, although it's a nearly even split between male and female listening to these 10 stations, based on an average of their audience composition – with females taking a slightly higher share at 51.6% – only two stations closely match that balance, while the rest are significantly more male or female. Women 18-34 account for between 57.3% and 72.4% at WUBT, WUSL and both Memphis stations, while WEDR, WPEG, WERQ and WENZ lean more toward men 18-34.

Overall, the 18-34 segment accounts for 35.8% of listening to the top 10 stations on average, with WPEG's profile notably higher (43.4%) and KXHT's lower (28.8%). In the latter station's case, it boasts a higher-than-average Persons 6-17 audience – 21.2%, vs. the 15.2% average – which is also true for WENZ (22.9%). In persons 25-54, where PPM share has grown in 2022 and which represents a 57.0% average cut of total audience for these stations, fifth-ranked iHeart “104.5 The Beat” WTKS-HD2 (67.0%), WHRK (65.3%) and WUBT (61.7%) all display a higher older skew.

Station loyalty is always a major driver in any station's and format's success, and the share of core demo listeners calling either of two of these urban contemporary stations their P1 is among the highest seen to date in this series of analyses. On average, seven in ten (69.2%) 18-34 listeners say one of these ten is their preferred station, which moves to nearly nine in ten for WPEG (89.1%) and WUBT (88.8%). WPEG also pulls a higher number of average daily, and daily P1, listening occasions, with 5.1 and 5.9 respectively, vs. the 10-station averages of 3.9 and 4.5.

Three-fourths (75.4%) of 18-34s listen to these stations away from home, on average, with that number significantly higher for half of these stations, most notably WEDR, WERQ and WTKS-HD2, where out-of-home listening's share is in the 86-87% range. Two of these stations, WPEG and WENZ, deliver a much higher share of at-home listeners, with 48.4% and 41.3% vs. the 10-station 24.6% average.

Given urban contemporary's younger age skew, full-time workers account for a lower percentage of listeners on average, with just over half (51.9%) in that category. Nonetheless, there are three stations – WUBT, WHRK and WUSL – with a share of full-time-employed listeners in the 60-70% range. Part-timers show up more prominently at WTKS-HD2 and WENZ, with the latter's 30.1% nearly doubling the 10-station average. Those in the “other” category, which includes college or not employed, make up a larger share of audience compared to the 33.2% average, nearly half, at KXHT and WPEG.

In Memphis, where African-Americans represent nearly half of the population (47.4%), they account for 95% of the listeners at both urban contemporary stations, the highest shares among these 10. On the other end is Baltimore's WERQ, 51.9% of whose listeners are Black while 43.4% fall in the “other” (as in neither Black nor Hispanic) category. Hispanics show up most prominently at Orlando's WTKS-HD2, with 26.7% in a market where their share of the population is 35.4%. – Rich Appel

2022-09-21

Here Are The Top Billing Radio Station Owners Of 2021

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BIA Advisory has crunched the numbers for radio’s top billing groups and to no one’s surprise, iHeartMedia sits in the top spot in 2021, with 865 AM/FM stations in 150 markets bringing in $2.2 billion in revenue. That’s up from $1.97 billion with 865 stations in 2020, but down from $2.56 billion (on 858 stations) in pre-pandemic 2019.

Second place belongs is Audacy with 231 AM/FM stations in 47 markets and a $1.345 billion revenue haul. That’s up from $1.2 billion in 2020 when the company formerly known as Entercom had the same number of stations, but down from nearly $1.6 billion in pre-pandemic 2019, when it carried a 235-station portfolio.

Cumulus Media is in a “distant third” in revenue, BIA says, with 407 AM/FM stations in 85 markets. Cumulus billed $481 million in revenue in 2021, up from $470 million in 2020 (when it owned 415 stations), but down from $531 million in 2019 (425 stations).

Hubbard Radio which owns the top billing station in America (WTOP-FM Washington), is in fourth with 54 stations in 10 markets and a $252 million revenue haul. BIA says Hubbard is the largest privately owned radio group owner in 2021. Hispanic media giant TelevisaUnivision is fifth with $245.8 million in 2021 radio revenues from 57 stations.

Rounding out the top ten are Beasley Media Group ($241.2 million, 63 stations), Townsquare Media ($212.0 million, 321 stations), Cox Media Group ($210.8 million, 54 stations), Urban One ($196.2 million, 53 stations) and Bonneville International ($145.3 million, 22 stations).

Seven of the top ten radio owners based on 2021 revenue are publicly traded, while three are privately held. TelevisaUnivision is the top billing Spanish-language radio broadcaster. Bonneville International, No. 10 on the list, owns the fewest number of stations in the fewest number of markets, while top-ranked iHeartMedia owns the most stations in the most markets on the list.

GroupM Estimates 11% Of Total Ad Spend Goes To ‘Retail Media.’

 


GroupM2018

Retail media – advertising sold by retail-based companies like Amazon, Walmart, and Target – was considered a test and learn advertising channel not so long ago. Now it has blossomed into one of the fastest growing new revenue streams for retailers. GroupM estimates that global ad revenue for retail-based companies was $88 billion in 2021 and will reach $101 billion this year. This amounts to 18% of global digital advertising and 11% of total advertising.

If those numbers aren’t jaw-dropping enough, consider that GroupM expects retail media advertising to increase 60% by 2027. That beats the growth rate forecast for all digital advertising, meaning that retail media will take an increasing share of digital ad revenue over the next five years.

What’s the big attraction? Retailer first-party data can enable purchase-based targeting and closed loop measurement. The caveat, of course, is that it resides in yet another walled garden.

GroupM defines retail media as “any advertising revenue accruing to a retail-based company, including marketplaces.” It estimates that Amazon is far out front when it comes to ad revenue as a percentage of e-commerce, ballparking its share of revenue derived from advertising at 5%.

“This 5% high-water mark for advertising revenue could be a reasonable target for others, who presently fall somewhere between 0% and 3% today,” GroupM says in its report, entitled “This Year Next Year: 2022 E-Commerce and Retail Media Forecast.” How close retailers can get to that target will depend on their ability “to build out their media product offerings globally in order to create competition among significant numbers of manufacturers for the privilege of reaching prospects, and further developing a platform to sell impressions to non-endemic marketers.” Non-endemic refers to advertisers that use retail media buys to target consumers even though they’re not selling any products through the retailer.

Another factor is beefing up retail network ad inventory by partnering with publishers who can use the retailer’s data to create more value for their media impressions. “We estimate that retail media will continue to grow, despite recent softness in overall e-commerce, driven by non-endemic brands as well as typical retail brands,” GroupM says.

The list of retailers that have entered the advertising business is a long one. In addition to Amazon, Walmart, and Target, it includes Best Buy, Walgreens, CVS, Kroger, eBay, Dick’s Sporting Goods, Macy’s, Costco, Wayfair, Etsy and Lowe's One Roof Media Network.

“We do think there is continued opportunity especially in the U.S. and other markets,” Kate Scott-Dawkins, Global Director of Business Intelligence at GroupM, said at a briefing about the agency's new report, as reported by Ad Age.

2022-09-14

Chairs House Representative Carolyn B. Malony and Rep. Stephen F. Lynch Request Information from Federal Protective Service on Efforts to Protect Federal Employees from Violence

 

FOR IMMEDIATE RELEASE:  September 14, 2022CONTACT:  Nelly Decker, (202) 226-5181 

Chairs Maloney and Lynch Request Information from Federal Protective Service on Efforts to Protect Federal Employees from Violence 

Letter Follows Surge of Online Threats and Disinformation After Passage of Inflation Reduction Act and Lawful Mar-A-Lago Search

Washington, D.C. (Sept. 14, 2022)—Today, Rep. Carolyn B. Maloney, the Chairwoman of the Committee on Oversight and Reform, and Rep. Stephen F. Lynch, Chairman of the Subcommittee on National Security, sent a letter to Eric Patterson, Director of the Federal Protective Service, seeking information about the agency’s efforts to protect federal government employees in light of a sharp increase in threats following passage of the Inflation Reduction Act of 2022 and the execution of a court-authorized search warrant by the Federal Bureau of Investigation (FBI) at former President Trump’s Mar-a-Lago Club. 

“We are alarmed that leaders in the Republican Party have promoted false conspiracy theories and fueled violent threats against federal workers, putting the lives of law enforcement officials and other patriotic public servants at risk,” wrote the Chairs. 

Republican leaders have falsely suggested that the Internal Revenue Service (IRS) would use the Inflation Reduction Act to hire thousands of new armed agents to target and even kill Americans.  They have also demonized federal law enforcement officers and hinted at possible violence in response to the court-authorized search of Mar-a-Lago.As a result of the increase in threats, multiple federal departments and agencies, including the IRS, the Environmental Protection Agency, and the National Archives and Records Administration, have had to take steps to protect their workforce.  After President Biden signed the Inflation Reduction Act into law on August 16, 2022, IRS Commissioner Charles Rettig reportedly warned IRS staff of “an abundance of misinformation and false social media postings” and “threats directed at the IRS and its employees.” Commissioner Rettig announced that as a result of these threats, the IRS was undertaking a physical security risk assessment for each of its 600 facilities for the first time since the 1995 Oklahoma City bombing that killed 168 people at the Alfred P. Murrah Federal Building.

The August 8, 2022, search of the Mar-a-Lago Club has led to a spike in threats against federal law enforcement officers as well as other federal agencies.  NARA officials have cautioned their employees that the agency has received messages from the public accusing it of corruption and “conspiring against the former President.”  EPA has also cautioned employees about the increased risk to federal workers. 

“We fully support the First Amendment rights of all Americans to share their opinions and engage in spirited debate about U.S. government actions, but threats of violence and incitements to violence are illegal and dangerous. … The Committee is extremely concerned that this volatile threat environment puts federal employees in grave danger and at risk of violence.”

The Federal Protective Service is charged with providing physical security and law enforcement services to protect approximately 9,000 federal facilities and their employees.  In light of increased threats to federal employees nationwide, the Chairs requested that the Federal Protective Service provides a briefing and detailed information on their efforts to monitor, assess, and address threats by September 28, 2022.

Click here to read the letter.

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