Showing posts with label Jim Cramer. Show all posts
Showing posts with label Jim Cramer. Show all posts

Thursday, February 14, 2008

Conglomerates, Brandmeier and The FCC

19° - mostly cloudy at 9:13am

Me and the boys
living the bachelor lifestyle last few days with my wife out of town; makes one wonder how single parents pull it off day after day.

Calendar: couple of dates coming up yet this month: President's Day next Monday (2/18); and there is a February 29th (a Friday) this month too...a "leap day". Any special music/programming features around these dates? BTW: Spring book begins April 3rd.


Surfing the blogs: Chicago AM drive producer-writer-author Rick Kaempfer sums up Jim Cramer's recent comments on radio:

"The conglomerates will have to sell and then local operators have a chance to reclaim a lost medium. At least that's my hope..."

I've had the same passing thought; Rick's blog here.

Tipped by Rick: Mr. Kaempfer points me to Robert Feder's column in the Chicago Sun-Times. Feder writing about "the pride of Fond du Lac, Wisconsin", Jonathan Brandmeier. It was 25 years ago that Johnny B hit the Chicago airwaves. Read here.

Legal Stuff: The FCC yesterday opened its comment period (until March 14th) for proposed new radio rules that will - among other things:
  • Whether radio and television stations should be required to maintain and consult with permanent advisory boards of officials and other leaders;

  • Whether radio stations should be required to fill out, place in their public files, post on the Internet and submit to the FCC the same type of standardized disclosure form information about programming and “ascertainment” that will soon be required of television stations;

  • Whether radio and television stations should be required to maintain main studios within the corporate limits of their communities of license rather than be allowed to locate those main studios some distance from their cities of license; and

  • Whether the FCC should reinstitute renewal processing guidelines that are based on quantitative minimums for different types of programming.
Details here. No doubt your ownership is aware but sometimes stuff like this doesn't trickle down. Added: Many of the FCC's current proposals, if adopted, could make tight budgets even tighter.

Thank you - to SBR Creative Media's John Bradley who had some kind words about this blog in a recent email.

Also to
WKLH/Milwaukee Rock 'N Roll Roots host Steve Palec, who's been kind enough to link me from his blog (do check it out!).

Have a good night.

Monday, February 11, 2008

Monday Monday

-3° - scattered clouds at 11:22pm

Late Edition.
Long day following a long weekend. Lots of chatter in the blogosphere in the last day over Jim Cramer's declaration last week about "the end of radio."

The best perspective on Cramer's comments come from the mind of David Martin - who wrote this morning:


"With all due respect, I disagree with the comments of those blogging Cramer as having delivered news of radio's death. Those bloggers are missing JC's bigger point, they're plainly wrong, it's radio equities that suck not radio. Owning broadcast and cable assets, bought right, remains a very good business."

"So, no matter what some have said, Cramer is not down on the radio business, he's down on you putting your money into any of the traded radio securities. He's right."

Dave's complete remarks here.

Just this past Saturday Night I was sitting in a brew pub in with a couple of small market radio owners.

One of them remarked that the problems of the big companies are simply Wall Street problems and have little direct impact on their operations. They continue to see growth in cash flow and remain highly optimistic about the medium's future.


After last week's layoff news, hanging out with these guys was extremely uplifting. Brewpub: Jamesport Brewing Company. Highlights: the Amber Steam (exceptional) and Scottish Ale. I'll try others next trip to Michigan's "West Coast".

Letting the listeners program.
WAQY/Springfield introduces their "Record & Tape Club" (very clever); clicking on the "virtual penny" allows a listener to submit their favorite album to be part of a special weekend of programming.

Last month -
WGRF/Buffalo celebrated "JanYOUary". This month WCSX/Detroit is celebrating "FebYOUary" in the same style with listener-created sets of music.

Very cool. Making listeners part of the process gives them ownership; turning them into advocates.

Have a good night.