MarketInk: KFMB 760-AM and KFMB 100.7-FM Change Hands in Complex Transaction


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Entrance to KFMB stations
Entrance to KFMB stations in Kearny Mesa. Image kind Facebook web page

By Rick Griffin

San Diego radio station operator Local Media San Diego has accomplished its acquisition of reports discuss station KFMB 760-AM and grownup rock station KFMB 100.7-FM from Tegna, LMSD introduced. The sale value for the 2 stations was reported to be $5 million.

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After finishing the deal, as anticipated, LMSD added the FM station to its present cluster of FM stations however then bought the AM station. iHeart Media bought the station for an undisclosed quantity.

Melissa Forrest, iHeart Media San Diego market manger, advised the Times of San Diego the gross sales settlement, signed final week, is anticipated to shut inside 60 days. “Everything is going along pretty smoothly so far,” Forrest stated. “The handoff is going well with both the Tegna team and Local Media team.”

As of final week, LMSD and iHeart had been retaining the 2 KFMB stations’ earlier programming codecs and expertise.

MarketInk logoLongtime 760-AM talk-show hosts Mark Larson and Mike Slater had been heard final week in their identical morning and afternoon time slots, respectively, broadcasting from iHeart studios.

Meanwhile, Miles Himmel, who filled-in for departed afternoon host Brett Winterble for about two weeks, resumed his full-time function as communications director for San Diego County Supervisor Jim Desmond. Himmel labored on the station for the previous 5 years, largely in producer roles. Winterble left San Diego in February to grow to be afternoon drive-time host on WBT 1100-AM and 99.Three-FM in Charlotte, North Carolina.

A two-sentence press launch, dated March 17 from Gregg Wolfson, LMSD managing companion, president and GM, stated the previous KFMB stations would be part of LMSD’s three Mexican-licensed FM stations — XHRM-FM Magic 92.5, XHTZ-FM Z-90.Three and XTRA-FM 91X — at LMSD headquarters in Sorrento Valley. LMSD’s press launch didn’t point out its follow-up sale of the AM station to iHeart.

Officials with LMSD didn’t reply to requests for remark.

When Tegna’s sale to LMSD was introduced in January, the projected escrow date was anticipated as Feb. 7, following approval from the Federal Communications Commission (FCC). However, sources advised the Times of San Diego that LMSD discovered the FCC paperwork was slower than anticipated in processing its paperwork.

Local media watchers predict LMSD and iHeart will ultimately change the decision letters for the 2 former KFMB stations. New name letters was reportedly a purchase order requirement from Tegna in order to keep away from confusion with its KFMB CBS eight and The CW San Diego tv properties. In February 2019, Tegna acquired the 2 radio stations and two TV properties for $325 million from Midwest Television, which had operated the San Diego broadcast retailers for the reason that 1950s.

KYXY-FM Believes We Need a Little Christmas Now Amid Coronavirus

San Diego radio station KYXY 96.5-FM, identified for 41 consecutive years of switching codecs from grownup modern to nonstop Christmas songs between Thanksgiving and Christmas Day, believes coronavirus hysteria stress is motive sufficient to expertise Christmas in March. Beginning final week till who-knows-when, KYXY listeners can catch vacation tunes weekdays from midday to 1 p.m. and from 7 p.m. to midnight.

“Christmas music is a source of joy and a reminder of good things to come,” stated Karyn Cerulli, senior VP and market supervisor, Entercom San Diego. “As San Diego’s go-to home for Christmas music, we wanted to bring back some holiday cheer during this time of uncertainty. Our team has heard of people in our community who are decorating their homes and we thought we would provide the playlist to go with it.”

The Christmas format is usually a score booster for quite a few U.S. radio stations. In Nielsen’s most up-to-date vacation survey, from Dec. 5, 2019, to Jan. 1, 2020, data had been set in Philadelphia and Los Angeles, in keeping with commerce publication Insider Radio.

Karyn Cerulli
Karyn Cerulli

With an 18.6 score, WBEB 101.1-FM in Philadelphia gained two shares over its vacation 2018 efficiency, eclipsing its earlier excessive mark of 17.9, set in the vacation 2016 e book.

In Los Angeles, iHeart KOST 103.5-FM rose from 10.7 in 2016 to 11.9 in 2017, 13.zero in 2018 and 13.7 in 2019, which is believed to be the largest share registered by any L.A. station since meters changed diaries as scores foreign money.

In San Diego, Philadelphia-based Entercom Communications Corp. (NYSE: ETM) operates 5 stations, together with KSON 103.7-FM, KBZT 94.9-FM, KYXY 96.5-FM, KXSN Sunny 98.1-FM and KWFN 97.Three-FM The Fan.

News eight Named Media Sponsor of the San Diego COVID-19 Community Response Fund

KFMB-TV News eight has been named the official media companion of the San Diego Foundation’s San Diego COVID-19 Community Response Fund. As of Sunday afternoon, the fund had collected $5.7 million in donations, together with $30,000 from Tegna Foundation, an affiliate of Tegna, KFMB’s mum or dad firm.

The fund will present grants in three areas, together with meals safety, rental and utility help and revenue alternative or hole funding. The fund additionally will present no-interest loans for nonprofit organizations to supply enterprise and neighborhood companies continuity.

“San Diegans care about one another, especially in times of need,” stated Alberto Mier y Teran, KFMB TV president and GM. “News 8 is proud to support the San Diego COVID-19 Community Response Fund to help our most vulnerable neighbors impacted by this ongoing health crisis.”

The San Diego COVID-19 Community Response Fund, created in collaboration with a coalition of philanthropy, authorities and enterprise companions, will deploy versatile sources to assist applications and organizations addressing the results of the coronavirus outbreak throughout San Diego County, officers stated.

One hundred p.c of donations to the San Diego COVID-19 Community Response Fund will likely be supplied to nonprofits serving to San Diegans impacted by the coronavirus. Funds will likely be launched on a rolling foundation as fundraising continues all through the coronavirus outbreak and its restoration phases.

The San Diego COVID-19 Community Response Fund was created in partnership with San Diego Gas & Electric, Qualcomm Foundation, United Way of San Diego County and San Diego & Imperial Counties Labor Council with assist from San Diego County Supervisor Nathan Fletcher. The public can donate to the fund at www.sdfoundation.org/COVID19.

In addition to Tegna, latest donations have included $1 million from SDG&E, $950,000 from the San Diego Foundation and $400,000 from the Alliance Healthcare Foundation, which included a $200,000 matching part to encourage extra giving. The United Way of San Diego County has acquired the primary fast response grant of $250,000, which can present security internet funding for lease, mortgage and utilities funds for low-wage people and households impacted by layoffs and diminished working hours on account of the COVID-19 outbreak.

Survey: Media Consumption Increasing Because of Virus Concerns

It’s on each channel, each web site and a part of each dialog. The coronavirus has grow to be all we’re speaking about. “Shelter-in-place,” “isolation” and “social distancing” have grow to be a part of the each day vocabulary, together with “containment zones,” “lockdown” and “flattening the curve,” the latter usually accompanied by visible hand cues. So, it’s no shock to study that virus worries have remodeled a rising variety of Americans into information fanatics.

During March 16-20, web page views of reports articles had been 30 p.c greater in comparison with the identical time final 12 months, in keeping with information site visitors information firm Parse.ly. On some days final week, article views had been 50 p.c greater in comparison with the earlier week. Parse.ly displays content material efficiency for greater than Three,000 high-traffic websites, together with the Wall Street Journal, Bloomberg, NBC, Conde Nast, Slate and TechCrunch.

In addition, an Ipsos nationwide survey of 1,027 individuals, ages 18 and over, performed March 13-15, confirmed that media consumption is rising. One-third of respondents stated they’re consuming extra information on-line and on TV.

The Ipsos survey, commissioned by radio firm Cumulus Media-Westwood One, discovered that one in 5 heavy AM-FM radio listeners, outlined as those that pay attention greater than 5 hours every week, admit they’ve listened extra to broadcast radio to maintain knowledgeable concerning the virus outbreak. The survey additionally found that 55 p.c of people that usually use public transportation to commute to work will use it much less and in all probability drive their very own automotive or truck to go away dwelling to go to work. “This is important for the radio industry since a majority of radio listening occurs in the car,” the Ipsos survey concluded.

Rick Griffin
Rick Griffin

Rick Griffin is a San Diego-based public relations and advertising marketing consultant. His MarketInok column seems weekly on Mondays in Times of San Diego.

MarketInok: KFMB 760-AM and KFMB 100.7-FM Change Hands in Complex Transaction was final modified: March 23rd, 2020 by Editor

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