State Champ Radio

by DJ Frosty

Current track

Title

Artist

Current show

State Champ Radio Mix

8:00 pm 12:00 am

Current show

State Champ Radio Mix

8:00 pm 12:00 am


Radio

Page: 7

The first time Ashley Elzinga, a 33-year-old DJ from Traverse City, Mich., heard her doppelgänger’s voice, she was not happy. Not because the sound of an artificial-intelligence imposter was so eerie. Not because AI technology portends robots might someday replace her. She didn’t like the way AI Ashley pronounced “news.” “I was like, ‘Why are they saying nooooose?’” recalls Elzinga in her flat Midwestern accent. “I was so embarrassed.”

It took a few tries for the engineers at Futuri Media, a Cleveland-based AI specialist, to find the right vocal balance between flat and sharp, deadpan and excited. “Now she’s ironing out…,” says Elzinga, a midday host for Portland Top 40 station Live 95.5, then corrects herself: “Now it’s ironing out…. She, or it, is starting to have more emotion and be a bit more accurate resemblance.”

AI Ashley, as Live 95.5 refers to the cloned voice on the air, made “her” debut on the air last Friday, delivering news, introducing songs and hyping station promotions in alternating speaking segments with the real Ashley Z, as Elzinga is known. Live 95.5 hasn’t received any listener complaints, says Dylan Salisbury, the station’s content director: “I don’t even know if they realize it yet.” 

Alpha Media, owner of Live 95.5, started experimenting with AI voice technology last fall, according to Phil Becker, the company’s executive vp of content. When company execs learned Elzinga was about to take the full-time job in Traverse City, potentially reducing her hours on Live 95.5, they saw her as a “perfect storm” case study for an on-air test, he says: “The line in Moneyball is ‘the first guy through the wall always gets bloodied.’ That’s where we are right now. We’re OK playing some Moneyball-style radio, because it wins championships.” 

Elzinga and Salisbury see AI as an efficiency tool, a way of stretching DJs’ hours so listeners can hear their voices even when they’re not physically present. For Elzinga, who multi-tasks her way through a full-time morning-show gig at her hometown Top 40 station WKHQ, then “tracks” her voice remotely for Live 95.5 and another station in Seattle every day, AI Ashley allows her to work even more. She owns the rights to her voice, approves every on-air AI usage and, Salisbury says, “We have increased her fee.”

“If she says stop, we have to stop,” Salisbury adds. “We’re trying to be respectful during the wild West of AI and go where we think the law is going to go.”

We made history as the world’s first radio station with an AI DJ! Our midday host Ashley has become AI Ashley! We can’t wait for you to meet Ashley, the world’s first artificially intelligent DJ. As to the intelligence of our other DJ’s…we’ll save that for another post 😉 pic.twitter.com/CtlMhYU0IO
— Live 95.5 (@live955) June 13, 2023

Of course, what is a neat, little, high-tech, mostly risk-free magic trick for Elzinga, Salisbury and Alpha Media, the Portland broadcast company that owns Live 95.5 and 205 other stations, is a terrifying prospect for much of the radio industry. When the station posted excitedly about AI Ashley last week, Twitter erupted: An NPR host tweeted an “everyone disliked that” meme, a freelance writer wanted to know, “Why would you participate in the very public elimination of your job?” and even J. Smith-Cameron, who plays Gerri on HBO’s Succession, wondered if Elzinga was “worried you’ll have ALL the days off now that they cloned you?”

For the past three decades, the broadcast industry has faced consolidation and extreme cost-cutting that has oftentimes meant layoffs of on-air talent. Over the past few years, DJs for local radio shows have been outsourced from other markets — much like Elzinga does in Portland and Seattle from her home in Michigan.

“They are eagerly stripping away, as fast as they can, the thing that makes radio unique,” says former radio host and station manager Michele Coppola, who’s now a Portland copywriter. 

“My fear is there will be some owners that will [say], ‘This is an efficiency, this is a way for us to save money — that will further deplete the body of truly talented radio people,” adds Steve Reynolds, a Raleigh, N.C., talent coach for radio personalities.

“Futuri claims it’s going to be a tool, just like any other tool, to make a job easier,” says Lance Venta, owner and publisher of Radio Insight. “Voice-tracking, when used properly, is a tool. When it’s used to have a talent voice 35 stations to save money, it’s no longer a tool — it’s a weapon.”

Radio Waits

So far, the rest of the U.S. broadcast industry has yet to plunge into on-air AI voices as aggressively as Live 95.5. But radio stations around the world, and their digital competitors, have tinkered with the technology – and have suggested they may expand. In April, a Swiss station used AI to clone five human presenters on the air; comedian Drew Carey used an AI-generated approximation of his voice on his SiriusXM show in March; and in February, Spotify launched a (voiceless) AI-curated, personalized broadcast called “DJ.” During an April conference call about a soft advertising market, Bob Pittman, chairman and CEO of top broadcaster iHeartMedia, told investors after a 3.8% drop in revenue, “We and every other company are looking at how to use AI. I think AI can fundamentally change the cost structure of the company.” 

At Audacy, the second-biggest broadcaster, execs have done a “fair bit of experimentation” with AI tools, from voice applications to ChatGPT-style generative text that helps produce drafts of advertising scripts, according to Jeff Sottolano, executive vp and head of programming. But he’s not convinced an AI Ashley-style experiment has “value it creates for the consumer,”  because Alpha Media had to expend “up-front investment” on training, reviewing, post-production and editing — all of which, at least for now, contradict the company’s efforts for greater efficiency and cost-cutting.

“All that said, I expect it will continue to get better and easier and faster,” he says. “We don’t look at this as something that’s finished, but something that’s going to continue to evolve. Just because we haven’t done it today doesn’t mean we might not do it tomorrow.”

The human Ashley is happy with the AI arrangement as long as she and her robot counterpart are clearly identified as “Ashley Z” or “AI Ashley” every time she — or it — appears on the air. “You just need to make sure integrity comes first,” she says.

Since its founding in April 2021, the Black Opry has championed the work of numerous Black country and Americana artists and has worked to increase opportunities for the artists the organization supports across various platforms, including media, industry showcases and touring.

Explore

Explore

See latest videos, charts and news

See latest videos, charts and news

Earlier this year, the Black Opry partnered with Philadelphia public radio station WXPN to initiate an artist development program to highlight five emerging Black country and Americana musicians, and offering resources, mentorship and other support to each of the artists. WXPN produces World Cafe, public radio’s most popular program of popular music that is distributed by NPR to more than 280 U.S. radio stations.

Now, these artists’ stories will be further spotlighted in a new five-episode podcast, Artist to Watch: Black Opry Residency, launching on Thursday (June 8). A new episode will release each week throughout June, in support of Black Music Appreciation Month.

“We’ve been focused on showcasing emerging talent through our Artist To Watch program for two decades,” Bruce Warren, WXPN’s associate GM for programming, tells Billboard in a statement. “Building on that commitment, we really wanted to up our game and build an artist development residency. We chose to partner with Black Opry and focus on Black creators who have not traditionally been afforded access to resources to help their careers.”

The premiere episode will highlight the musical journey of Texas native Tylar Bryant, who first gained a following in 2016 through a cover of Brothers Osborne‘s “Stay a Little Longer,” and now blends elements of country with R&B and rock. Bryant has played over 80 shows per year throughout the Lone Star State, and recorded his debut EP, Don’t Let Go in 2017, before moving to Nashville in 2019.

The subsequent episodes will trace the journeys of Samantha Rise, Grace Givertz, Denitia, and sibling duo The Kentucky Gentlemen.

Rise is a Philadelphia-based teacher, performer, songwriter/singer and activist whose music is rooted in indie folk. Boston-based Givertz is a multi-instrumentalist with a blazing folk sound. Nashville-based Denitia fuses elements of country and folk with poetic lyrics, The Kentucky Gentlemen’s Brandon and Derek Campbell, who issued their debut EP, The Kentucky Gentlemen, Vol. 1 last year, blend pop, country and R&B.

“The partnership with xpn for the Black Opry Residency has been such an easy fit, it felt like we were meant to work together,” Holly G, founder of the Black Opry, tells Billboard in a statement. “It can be hard to find people in the industry that are passionate about emerging artists and willing to provide the resources to support them, especially artists from marginalized identities in the country and American landscape. It displays a tremendous amount of leadership and faith that Bruce and his team were able and willing to put their efforts behind such a big project and i’m grateful they were so keen to listen to myself and people like Rissi Palmer about the needs of our community.”

Additionally, WXPN hosted each of the Artist to Watch: Black Opry Residency artists for a week-long residency in Philadelphia, where they collaborated on writing and recording and performed at World Cafe Live. Those performances will be released on Monday (June 5), alongside the World Cafe interview on the national show.

Artist to Watch: Black Opry Residency is produced by Rowhome Productions and hosted by journalist/radio host John Morrison. Artist To Watch: Black Opry Residency is distributed by PRX and available at XPN.org and on Apple, Spotify, Stitcher and most other podcast providers.

“My hope is that others will see the success of this project and realize that we need to do it many times over,” Holly G says.

From classics by The Supremes and Stevie Wonder to Silk Sonic and SZA, SiriusXM today (June 1) kicks off the Billboard Top 500 R&B Countdown.
In honor of Black Music Month, the countdown spotlights the top 500 R&B classics by Black artists spanning the past six decades-plus, as ranked by performance on the Billboard Hot 100 chart, per Billboard‘s Greatest of All Time methodology (with consideration also given to titles’ histories on Billboard’s Hot R&B/Hip-Hop Songs and Hot R&B Songs charts).

The limited engagement Billboard Top 500 R&B Countdown will air on SiriusXM channel 104 June 1-7 and on the SXM App June 1-30.

From No. 500 to No. 1, the Billboard Top 500 R&B Countdown highlights the enduring legacy of the genre, from iconic Motown, funk and disco anthems to love songs and more, highlighting the biggest hits by legendary artists including Aretha Franklin, Smokey Robinson, Lionel Richie, Prince, Michael Jackson, Janet Jackson, Whitney Houston, Mariah Carey, Boyz II Men, Usher, Beyoncé and Rihanna.

The Billboard Top 500 R&B Countdown marks the latest partnership between SiriusXM and Billboard. Most recently, the Cupid Countdown made Valentine’s Day even sweeter, after the Billboard Top 112 Songs of Christmas Countdown celebrated the sounds of the season and the Billboard Top 500 Summer Hits recapped the biggest summer songs in the Hot 100’s history.

Additionally, SiriusXM’s Big 40 Countdown, on 80s on 8, and the Back in the Day Replay, on ’90s on 9, are based on historical weekly Hot 100 charts, while the Prime 30, on Prime Country, time-travels back through Billboard‘s Hot Country Songs chart.

When Lainey Wilson played Nashville’s weekly Song Suffragettes show for the first time in December 2014, the experience was enlightening.

She had moved to Nashville over three years prior, just in time to watch country music shift into the bro-country age, when guys singing about beer parties and bonfires in rural fields made it even more difficult for women to find a place on country radio. Song Suffragettes, a songwriter round specifically for female writer-artists, helped Wilson find a sense of community in a heartbreak town.

“For me, it made me feel like I wasn’t alone in Nashville, and it made me feel like there’s an army of women who all want the same thing,” she recalls. “It’s important for us to hold hands and run to the finish line together. That’s what it’s about. It’s about lifting each other up and encouraging each other and telling each other the truth.”

The truth is times are still tough for women in music now that bro country is no longer the genre’s hot trend. Song Suffragettes, however, is in expansion mode as it celebrates its 10th year as a focused Music City talent showcase. The show launched a monthly London edition in November and will also open a monthly New York version on June 13 at City Winery.

“There has been very little movement in the artistic progress of women in this genre,” says Suffragettes president/founder Todd Cassetty. “But you just keep getting up and fighting the fight. I’m always looking for other avenues to expand or to provide opportunities. It’s like, can we just grow this so that there are more opportunities [for women], even if the industry is not going to provide them itself?”

It’s not like the opportunities are undeserved. Nashville is a magnet for musical talent, and the latest installment — May 22 at The Listening Room, which recently added a second Suffragettes show every Monday night — demonstrated the depth of quality. Six women conveyed their artistic individuality when they performed, with most playing three songs apiece. Grace Tyler led with a knife-like tone on “Jesus in a Bar,” Ash Ruder consistently served up original songs with craftsman-like vulnerability — particularly her smart treatment of hand-me-down traits, “Blue Genes” — and first-timer Audra McLaughlin impressed even her fellow performers with her Trisha Yearwood-like power. 

To date, the show has featured over 400 women from among 3,000 applicants. Cassetty says 34 Suffragettes alumna have received recording contracts — including Carly Pearce, Megan Moroney, Kelsea Ballerini and pop artist GAYLE — while over 60 have secured publishing deals. Those numbers demonstrate the Suffragettes’ value as a launching pad for women.

“It was one of the first things that I did when I came to town,” Tenille Arts notes. “It kind of opened up some doors for me to be able to play. It was really awesome.”

Cassetty’s motivations for starting the Suffragettes are personal. Growing up with ’90s country, he was drawn to the viewpoints expressed by country’s female acts, including Patty Loveless, The Chicks and Martina McBride, and through his production company, HiFi Fusion, he has worked with the likes of Taylor Swift, Carrie Underwood and Reba McEntire. Additionally, he has two daughters and wishes country had a larger swath of feminine role models.

“I don’t feel like they get the same country music female perspective that they would have had and that I enjoyed from the ’90s,” he says. “That’s always been a point of frustration — to see it evolve from songs with real substance to too many beers and trucks.”

Nashville’s music business has taken the issue seriously. CMT celebrates female acts through its Next Women of Country program, and songwriter Nicolle Galyon (“Thought You Should Know,” “Beers on Me”) established the female-focused Songs & Daughters label in partnership with Big Loud. Galyon actually signed the first writer to her publishing company, Tiera Kennedy, after checking out her performance at Song Suffragettes.

But some old tropes — including the suggestion that female fans don’t want to hear female artists — continue to dog the discussion, even though women were at least as prevalent as men in the Suffragettes audience.

“That’s what the Song Suffragettes are still are trying to prove, is that women want to hear women,” says Arts. “I know that they do. I see it at concerts. I see it in my fans. I see it everywhere. We love it. I mean, men can’t talk about the things that women want to hear about.”

But radio stations still give women short shrift. A new study of 29 country stations by Jan Diehm, of The Pudding, and Dr. Jada Watson, found that women were played back-to-back a mere 0.5% of the time.

“I naively thought that if we could curate the best and brightest female singer-songwriters in Nashville that that would bring enough awareness to the level of talent that we have in this town that is female and call the labels, radio and streamers to all embrace more women and do better at the disparity that exists,” Cassetty says.

That leaves an underappreciated talent pool available for other avenues. It’s why Cassetty has established the satellite Suffragettes shows in London and New York, and why he has been in talks to possibly bring the show to cable. There’s a steady current of accomplished songwriters with strong voices ready for a marketplace that simply doesn’t know they exist. And it can be argued that Suffragettes has enabled some of those women to become even stronger at their craft by simply experiencing their competition.

“Song Suffragettes has been a really good metric for girls to get up and go, ‘OK, where do I fit in all of this? How do I see my artistry or my writing sensibilities fitting within all my peers?’ ” Galyon says. “Getting up onstage and playing a round is a really good way to learn.”

Subscribe to Billboard Country Update, the industry’s must-have source for news, charts, analysis and features. Sign up for free delivery every weekend.

In early 2011, Miguel was a rising R&B singer who had just released his debut album, All I Want Is You, and was seeing his single “Sure Thing” gain traction on the R&B/Hip-Hop Airplay chart. The song would eventually reach No. 1 that May, while also climbing to the summit of Hot R&B/Hip-Hop Songs and peaking at No. 36 on the Hot 100, where it spent 23 weeks between March and August, when it fell from the chart. After 59 weeks on Hot R&B/Hip-Hop Songs, it eventually fell from that chart in 2012.

And that was the extent of its chart run — until this year, when a TikTok trend led to an explosion in streams, catapulting it back onto the charts — and to entirely new territory. Earlier this month, “Sure Thing” broke the record for most weeks on the Hot R&B/Hip-Hop Songs chart at 76 (it is now at 78), and this week it achieved a mainstream crossover, 12 years after its initial debut on the charts, by reaching No. 1 on Pop Airplay, the longest trip to the top of that chart from a song’s release in history.

It’s the latest example of older songs being reinvigorated and reaching new chart heights in recent months, following The Weeknd’s “Die For You” (after a remix featuring Ariana Grande) and Lady Gaga’s “Bloody Mary,” which also benefited from a TikTok trend. And it helps RCA senior vp of digital marketing Tarek Al-Hamdouni earn the title of Billboard’s Executive of the Week.

Here, Al-Hamdouni explains how the track came back after such a long break, and how RCA helped spur it into a new realm. “We know activity can spring up at a moment’s notice, and when it does, the best labels are able to move quickly and turn a spark into a flame before it goes out,” Al-Hamdouni says.

This week, Miguel’s “Sure Thing” reached No. 1 on Billboard’s Pop Airplay chart, 12 years after its initial chart run. What key decisions did you make to help make that happen?

The climb to No. 1 began in November of 2022 when we first saw the signs of organic growth and engagement on “Sure Thing” across socials and streaming services. The first major decision came in us validating the opportunity and investing in sustaining the activity across TikTok, Reels, Shorts & Snapchat. The initial goal was to “see how far we could take the trend,” knowing every jump in creations and streams was broadening our listener base and building familiarity, which would eventually result in bigger opportunities.

Miguel attends the 65th GRAMMY Awards on February 05, 2023 in Los Angeles, California.

Matt Winkelmeyer/GI for The Recording Academy

We knew the record was already a favorite among fans since its release, but the key component to this new activity is that it was coming from new listeners. This led us to make the key decision to treat “Sure Thing” as a new record in our marketing efforts, also giving us the new task of turning listeners into fans. To connect the dots, we worked closely with Miguel — who deserves all the credit in the world for leaning in with curiosity, passion and optimism around this new activity — to start to engage with fans and content across socials.

Our promotion team did a fantastic job in following along with all the activity we were generating and timed their impact such that we were already receiving pull from the markets and stations. The last key decision I’ll offer up is the move to leverage the activity around “Sure Thing” to prime the market for new music from Miguel, something that we kicked off with his new single, “Give It To Me.”

In its original run, the song was an R&B/Hip-Hop Airplay hit. Why did the song work at Pop radio this time around?

I think the beauty of an artist like Miguel is that he’s always been ahead of his time. While often thrown into the “R&B” box, his music and artistry have always pulled from diverse corners of the music spectrum. And when you look at the freedom streaming has given Gen Z to bounce from record to record and genre to genre with such ease, it’s no wonder they gravitate towards a forward-thinking artist like Miguel.

It’s also worth noting that the dynamic between data and radio has strengthened at a rapid pace over the last few years. This has given us the opportunity to build our case in advance of an impact, showing the audience potential and, in a lot of ways, letting the story and streams reach critical mass with core Gen Z music fans before taking it to the broader audiences that only radio can reach.

The song’s resurgence originated on TikTok with a sped-up version. How did that come about? How often are these sped-up versions of tracks spawning new life for songs?

The sped-up version of “Sure Thing” emerged purely as organic UGC on TikTok. It wasn’t necessarily a surprise to see the activity come from such an edit, as sped-up sounds have been a trend on TikTok and across UGC for quite some time now. That said, I do think it’s fair to say that sped-up sounds hit a bit of critical mass in early 2023 as we started to see platforms like TikTok create specific playlists centered around the phenomenon, all of which gave us more editorial placements and ways for Miguel to lean in.

The opportunities to breathe new life into a record through a sped-up sound are plentiful, but it’s important to note the viral success of a record like “Sure Thing” is still a huge outlier in terms of how much effect a campaign could have. At this point, I expect most singles to be accompanied by a sped-up version at some point in their life cycle.

This is the latest example of an older track coming back to be a force at radio and in pop culture — something that almost never used to happen. Are you guys increasingly focused on working catalog songs in a similar manner to new songs?

We don’t focus solely on the “catalog” aspect of any record at this point as much as we’re focused on using the influx of data we receive from social and streaming platforms to ensure we never miss an opportunity. We know activity can spring up at a moment’s notice, and when it does, the best labels are able to move quickly and turn a spark into a flame before it goes out.

The reliance on data is important because our core mission as marketers is to create this activity and engagement out of the gate. By collaborating with our internal data teams, we can build tools to monitor the key aspects we believe drive streaming growth while spending the majority of our time and energy collaborating with our artists and building next-level marketing campaigns.

Although to be fair, I think the rediscovery of music by the next generation of listeners is something that has happened for quite some time. Prior to shortform video, syncs played a huge role in this rediscovery, going back to examples like Nick Drake’s “Pink Moon” in Volkswagen’s 2000 Cabrio commercial to the much more recent lift of Kate Bush’s “Running Up That Hill” off the back of its inclusion in season four of Stranger Things.

The song also broke the record for most weeks ever spent on Hot R&B/Hip-Hop Songs, now at 78. How did you help market the track beyond radio and TikTok?

Outside of those two platforms, we worked to ensure this record and Miguel’s content was spread far and wide across the internet. We built custom campaigns for Instagram and YouTube, we drove awareness and engagement through savvy ad spends and boost campaigns. And we worked closely with media accounts and press outlets to drive consistent presence in front of a wide range of audiences.

What have you learned from the song’s surprise success that you can use moving forward on other projects and songs?

When you zoom out far enough, you start to see that the equation we’re chasing with a resurgence is new context for a great record with a new, young and engaged audience. Additionally, the benefits of driving engagement through a catalog record doesn’t require the type of success we’re seeing on Miguel to be meaningful. Going forward, we see this as a key way to drive engagement and build demand for new music for any artist with an established catalog.

Previous Executive of the Week: Corey Calder of APG

A couple of years after the COVID-19 pandemic took radio listeners out of their vehicles and a recession caused an advertising slowdown, the radio industry is experiencing another decline. That has complicated the financial position of Audacy, the second-largest radio company in the United States and a major player in the podcast market.

Warning lights appeared again last week when the company revealed in its May 10th 10-Q filing that “current macroeconomic conditions” such as rising inflation and interest rates and lower advertising revenue “have created, and may continue to create, significant uncertainty in operations.” Those factors “have had, and are expected to continue to have, a material adverse effect” on Audacy’s forecasted revenue, which is “unlikely to be sufficient” to maintain compliance of the financial debt covenants its lenders impose to ensure it can make its interest payments. As a result, Audacy explained, the company could default on its debt — which could then cause that debt to become immediately payable.

On Tuesday (May 16), a week after the March 10 filing, the New York Stock Exchange (NYSE) decided to halt trading of Audacy’s shares in order to delist the company. It was an expected move. Audacy, which changed its name from Entercom in March 2021, last traded at $0.09 per share — down nearly 63% year-to-date — before trading on the NYSE was halted. The NYSE, which has rules to maintain minimum share prices, issued a warning to Audacy on July 31 because its average closing price over a consecutive-day trading period was below $1. Audacy last closed above $1 per share on July 5, 2022 — meaning it remained below $1 for 218 consecutive trading days.

Investors have lost some faith in radio companies’ stocks as advertising growth weakened in 2022. Year-to-date, shares of iHeartMedia, the nation’s largest radio company, have fallen 55.3%. Likewise, shares of Cumulus Media, the third-largest radio company, are down 47.5%. Market conditions appear to be improving, however. iHeartMedia expects its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to improve throughout 2023, CEO Bob Pittman said during the company’s May 2 earnings call. “And if this advertising market recovery trend continues in 2024,” Pittman added, “we expect to resume our growth trajectory that was interrupted by this period of advertising softness.”

The advertising market is part of Audacy’s problem, but it’s not the entire problem, according to Craig Huber, media analyst at Huber Research Partners. “The number one issue is too much debt in a secular declining industry,” says Huber. Audacy acquired most of its $1.9 billion of long-term debt from its 2017 merger with CBS Radio. That deal increased Audacy’s revenue more than four-fold, from $367 million in 2016 to $1.7 billion in 2018, but also increased its debt from $468 million at the end of 2016 to $1.86 billion at the end of 2017.

The debt has been a drag on Audacy’s cash flow. In 2022, Audacy’s net interest expense was $107.5 million — about 8.6% of the company’s annual revenue of $1.25 billion. After paying interest to service its debt, Audacy’s free cash flow in 2022 was -$31.8 million. “They haven’t done enough to take out costs” to achieve positive free cash flow, says Huber, and revenue hasn’t met the company’s own expectations.

When the merger with CBS Radio was announced in 2017, the combined companies had adjusted EBITDA of $500 million, including “expected transaction synergies,” according to the press release. In 2022, adjusted EBITDA was just $138 million. Even though Audacy was in compliance with its debt covenants on March 31, the company has expressed concern about its ability “to continue as a going concern” over the next 12 months.

Audacy operates in a difficult business that’s losing listening time as people change their listening habits and migrate to streaming platforms. Although Audacy, like iHeartMedia and Cumulus, has invested in digital platforms — it acquired podcasting companies Pineapple Street and Cadence13 in 2019 and was the No. 8 podcasting network in Q3 and Q4, according to Edison Research — revenue fell about 14% between 2018, the first full year after the CBS Radio merger, and 2022.

With no way around the soft advertising market, Audacy has started cutting costs and selling non-core assets. The company expects its costs will decline 4%, or $35 million, in the last three quarters of 2023, chairman/president/CEO David Field said during the May 10 earnings call. He also said the company raised $17 million in the first quarter from sales of broadcast towers and expects to close on the sale of two stations for $15.5 million in the second or third quarter.

As for Audacy’s stock, trading volume will decrease now that it’s been delisted. Since it started selling only over the counter (through a broker-deal, not on an exchange), the share price has fallen: On Wednesday, Audacy shares declined nearly 24% to $0.04, and they ended the week at $0.06.

The company will now take steps to get back to the NYSE. “While we are disappointed by the NYSE’s decision, we are hopeful we will find our way back to the exchange later this year as we execute our action plans which include a reverse stock split to satisfy NYSE rules, the continued execution of our liability management plans and working with our financial advisors to refinance our debt,” Field said in a May 16 press release. Shareholders will vote on the reverse stock split at the annual meeting on May 24. By working with the factors it can control, Audacy can soften the impact of the broader market conditions it cannot control.

As Asian pop acts have established a greatly increased presence in U.S. popular music over the past five years, one sector of the industry has long proven the most difficult to impact on a consistent level: pop radio.

Explore

Explore

See latest videos, charts and news

See latest videos, charts and news

While BTS smashes like “Dynamite” and “Butter” stand as exceptions, top 40 stations have generally shied away from the latest offerings from Asian pop collectives, even as those groups rack up seven-figure streaming numbers and headline arenas in the States. BLACKPINK, for instance, has only notched one non-collaborative single on Billboard‘s Pop Airplay chart to date (“Pink Venom,” which peaked at No. 32 last year), while groups like TWICE, Loona and (G)I-dle have only been able to achieve fleeting appearances on the tally.

Yet a pair of English-language singles from the relatively new collectives FIFTY FIFTY and XG are not only turning into profile-boosting breakthroughs for each – they’re receiving real, growing radio play as well.

The K-pop quartet FIFTY FIFTY has seen its dreamy bubblegum track “Cupid” and its accompanying English-language version “Cupid – Twin Version” explode over the course of the spring. As “Cupid” rises two spots on this week’s Billboard Hot 100 chart to No. 17, the single also debuts at No. 36 on the latest Pop Airplay chart.

“Cupid” is gaining serious steam at radio, with the girl group’s track registering 1,700 total plays across U.S. terrestrial and satellite radio in the week ending May 11, according to Luminate. That number represents a 228% jump from the prior week, and “Cupid” has now earned 2,400 total plays.

Meanwhile, XG, the seven-member Japanese girl group that debuted under the XGALX label last January, has yet to hit the Hot 100 with its slinky, rhythmic electro-pop track “Left Right” — but as of now, the song is an even bigger radio hit than “Cupid” in the U.S. In its tenth week on the Pop Airplay chart, “Left Right” reaches a new peak, climbing two spots to No. 27.

The single – which XG’s Jurin told Billboard in January is “about our commitment to move forward, the only direction we know” – earned 3,000 radio plays in the week ending May 11, a 7% increase from the previous week. To date, “Left Right” has scored 20,000 total radio plays.

Both groups are capitalizing on the radio exposure: XG released a “Left Right” remix featuring Jackson Wang and Ciara earlier this month, and are slated to perform at the Head in the Clouds festival in New York this weekend. And FIFTY FIFTY announced a partnership with Warner Records last month — suggesting that, even as “Cupid” pushes up to No. 3 on the Global 200 chart, the four-piece will have an expanded focus in the United States in the coming months.

Back in 2021, a major label kicked off a radio promotion campaign for a song from an arena-selling act. One of the label’s early moves was to earmark payments to an independent radio promoter tied to a pair of stations in the Northeast, as documented in an invoice reviewed by Billboard. During the chart week before the date of the invoice, the radio-tracking service Mediabase recorded no plays of the single in question on WXRV (Boston) and WNCS (Montpelier, Vermont). The following week — the invoice, which allocated $750 to the first station and $500 to the second, was dated to that Monday — spins increased markedly, rising by at least 15 on both. 

This invoice is one of 14 obtained by Billboard from three different executives — one from a major label, one at an independent label and one who works in radio promotion — all of whom requested anonymity because they were not authorized to speak publicly about radio promotion activities. (To preserve that anonymity, Billboard agreed not to identify the acts on these invoices.) These documents from 2021 and 2022 are detailed, containing the artist name, the single name, the radio station and the “rate” for each. 

The invoices show how payments — which range from several hundred dollars to $1,500 — move from labels to one independent promoter, Jeff Deane, who runs the company Jeff Deane and Associates, apparently resulting in spins at specific stations. Analyzing Mediabase data shows that in the week those payments are invoiced, plays for the songs in question increased at the stations specified in 28 out of 30 cases. Deane’s practices have concerned some in the music industry, who appealed for government intervention last year, according to two sources. 

All the invoices made out to Deane that were obtained by Billboard include the inscription, “Nothing of value was or will be given to a radio station or radio station employee in exchange for airplay.” Deane and one of his employees did not respond to multiple requests for comment — by email, phone, and two letters in the mail — about how his business works. Representatives for the three major label groups declined to comment.

The Federal Communications Commission allows paying for airplay as long as those payments are “disclose[d]… at the time material is aired and identify who is paying for it.” It’s unclear if any disclosures were made in the 30 cases documented on the invoices. In a statement to Billboard, Ed Flanagan, general manager of WNCS, said that “when WNCS or WXRV broadcasts programming that is sponsored by a third party, it is the practice of the station to ensure that such sponsored programming is broadcast in compliance with the FCC’s rules on sponsorship identification.”

In addition, following a mid-2000s investigation into radio promotion by the New York Attorney General’s office, then overseen by Eliot Spitzer, all the major labels agreed to certain business reforms. Key among them was not to use “commercial transactions,” “advertising,” or “nominal consideration,” among other things, “in an explicit or implicit exchange, agreement, or understanding to obtain airplay or increase airplay.” 

Gabriel Rossman, a professor of sociology at UCLA and the author of Climbing the Charts: What Radio Airplay Tells Us About the Diffusion of Innovation, agreed to review redacted versions of the invoices and accompanying Mediabase reports for Billboard. “We see this pattern between the invoices and the Mediabase reports that JDA gets paid to promote a particular song on a particular station, and then in the week that follows the spins go up,” he says. 

Rossman says that Deane’s activities could be aboveboard. “Is there a way to do that legally?” he asks. “In theory, you could do that by making a really good press kit or a really good PowerPoint [about how great the song on the invoice is]. If you had to bet, that’s probably not what happened. But in theory, that’s what the job of an independent promoter is: to give a very compelling endorsement. The evidence I saw doesn’t yet exclude the possibility that the promotional efforts they’re doing are legal.”

Independent Promotion

Independent promoters are a longstanding feature of the music industry. At any given time, label promotion departments are working multiple singles across a variety of radio formats — pop, alternative, or adult contemporary, for example — with the goal of pushing those songs up each format’s chart so that more listeners hear them. There are hundreds of stations that need to be called and persuaded to play a track. But there is only so much time in the day, so labels hire middlemen who typically have experience with and relationships in individual local markets to augment their own efforts. These are known as independent promoters.

“Some independent promoters enjoy exclusive arrangements with particular radio stations and are guaranteed regular, direct access to the programmers responsible for the all-important playlists,” the New York Attorney General’s office explained in documents from 2005 related to its radio promotion investigation. “… Other independent promoters, referred to as ‘retainer indies,’ are hired to promote a particular song and are paid a flat fee for the life of the project.”

Deane is one of several current indie promoters who works by establishing these “exclusive agreements” with stations, radio veterans say. In a 2013 lawsuit Deane filed against a radio company, Apex Broadcasting, the promoter’s attorney described the way he relies on “longstanding radio relationships to help artists receive meaningful radio airplay.” The mechanism that allows Deane to deliver that airplay for clients is partially outlined in the lawsuit: He “enters into exclusive agreements — having mostly one-year, but occasionally two-year, terms — with radio stations or entities that own and operate radio stations.” (Deane’s suit alleged that Apex breached its exclusive agreement with him; the dispute was later settled and the case dismissed with prejudice.)

“Deane secures promotional support for the radio stations he represents” in exclusive deals, “helping those stations garner listener loyalty, higher ratings, and increased advertising revenue,” according to documents the promoter’s attorney filed in the Apex Broadcasting suit.

This support is increasingly valuable to stations, especially in small markets, radio sources say, because they have lost a lot of the advertising dollars that traditionally kept them afloat. Over-the-air ad revenue fell by more than 40% between 2005 and 2020, according to a 2021 FCC filing from the National Association of Broadcasters. 

In court filings from 2021, another independent promoter allegedly acknowledged that he had been paying “a budget set at $200,000” annually for three radio stations in California and Las Vegas. (That promoter said he “has not, did not, and never will participate in payola, and maintains full compliance with the FCC and regulations of the record industry.”) One radio executive who worked at a station in a deal with Deane said those exclusive agreements land the station “six figures a year.” 

Promoters also stand to benefit financially from setting up these exclusive relationships. In the Apex Broadcasting suit, Deane’s attorney said that stations in contract with him turn over “first access to their playlist data, which Deane then analyzes for, and discusses with the record labels, who retain Deane to promote their artists’ music.” In a 2013 email that was part of the Apex suit, he said he worked with 50 stations in this fashion. 

Overnight Spins

In some cases documented on the invoices, the label payments occur at the start of a radio campaign. Last year, for example, an invoice indicates that a label made payments to Deane tied to multiple stations, including WRTT (Huntsville, Ala.), KAZR (Des Moines, Iowa) and WFXH (Savannah, Ga.), for a platinum-selling rock band. In the 48 hours following the date on the label’s invoice, each of those stations started to play the band’s single, according to Mediabase data. Another band sent Deane a similar invoice in 2021 for the station KYMK (Lafayette, La.); Mediabase data show that the group earned its first spin on that station two days after the date of the invoice. (Employees of these four stations did not respond to email requests for comment.)

The timing of the plays is notable. The majority of them occurred overnight between midnight and 6 a.m., when few listeners are tuning in, according to information from Mediabase. 

This is not a new phenomenon: The New York Attorney General’s office noted in 2005 that the major label groups aim “to generate additional spins detections by the airplay monitoring companies, even if the spins occur in the dead of night when relatively few people are listening to radio. Nighttime spins may still prove effective as a means to improve chart positions” — especially on charts that only rank songs by spins, rather than by audience impressions. 

In a 2014 lawsuit Deane filed against another radio company, Advanced Media Partners, that also alleged breach of contract, his attorneys wrote that part of their agreement involved “provid[ing] designated overnight programming hours to JDA, which would then enable JDA to fund the promotional budget Defendants demanded, and realize substantial revenue from its record label clients.” Deane was allotted “the overnight hours of 1:00 a.m. to 5:00 a.m. on Saturday (Friday night) and Sunday (Saturday night) and from 12:00 a.m. (midnight) to 5:00 a.m. on Monday through Friday (Sunday – Thursday nights) to facilitate… interaction with record labels,” according to the lawsuit. 

Deane’s interest in the overnight hours is well known enough in radio circles that it was the butt of a joke in the trade publication Hits Daily Double. “I just offered a roll of toilet paper to a PD [program director] for an add,” Hits wrote during the early days of the pandemic. “On Amazon, most paper products, if you can find them, are going for more than a Jeff Deane overnight five-spin special.”

Rossman, the UCLA professor, says that “if you’re trying to get something to rise in the charts, that’s exactly what you would do: Do whatever you could to get a song played in small markets overnight, because that’s the part [of the day] that people care the least about [what’s playing], and so [it] should be the easiest to influence.”

The New York Attorney General

Independent radio promotion has periodically come under scrutiny for its ties to payola, which was regulated by Congress in 1960. 

Apex alluded to payola in its 2013 response to Deane’s lawsuit: “In the course of communicating with Deane and the record labels for promotion, Apex Broadcasting also learned that Deane’s practices violated industry standards, and Apex Broadcasting’s instructions, concerning radio promotion.” In emails that were part of the lawsuit, Deane’s attorney hit back, criticizing the company for “coyly suggesting my client engaged in payola — both in the Apex relationship and at some unspecified time in the past” but “refusing to provide any alleged facts.”

While Deane was not mentioned in the 2005 documents summarizing the Attorney General’s investigation, Spitzer’s office zeroed in on the activities of some independent promoters: “In an effort to dodge the payola laws, record labels and radio stations have also enlisted the services of so-called independent promoters… who act as conduits for delivery of the labels’ ‘promotional support’ to the stations and help perpetuate the fiction that this support is not actually being delivered by the labels in exchange for airplay and therefore does not violate the payola statutes.” 

Spitzer subsequently imposed strict conditions on independent promoters’ activities when they worked with major labels: Record companies “shall not provide any item of value to an independent radio promoter to be distributed to Radio.” (Again, this language is echoed on Deane’s invoices: “Nothing of value was or will be given to a radio station or radio station employee in exchange for airplay.”)

On top of that, any indie promoters working with the majors are required to regularly certify in writing that they are complying with the rules laid out by Spitzer’s office. When Spitzer announced the implementation of these business reforms, he called them “a model for breaking the pervasive influence of bribes in the industry.” 

But there is some disagreement about their ongoing effectiveness. Last year, frustrated music executives secured another meeting with the New York Attorney General’s office, now led by Letitia James, to complain about the practices of some independent promoters, according to two sources who spoke on the condition of anonymity.

During a meeting that included Elinor Hoffman, chief of the New York Attorney General’s antitrust bureau, and Jane Azia, chief of the New York Attorney General’s bureau of consumer frauds and protection, music executives mentioned Deane and others by name, according to sources present, alleging that their activities violated the terms of the settlement agreements. (James herself was not in the meeting.) And they asked the New York attorney general to investigate independent promotion’s links to payola, as Spitzer did nearly two decades ago.

The New York Attorney General’s office did not respond to requests for comment. 

The New York Stock Exchange (NYSE) has notified radio and podcast giant Audacy of its plan to delist the company’s Class A common stock from the exchange over its consistently low share price, Audacy announced Tuesday (May 16).

According to a press release, “the NYSE will consider commencing delisting procedures when a company’s listed securities experience an abnormally low selling price.” The NYSE abruptly halted trading of Audacy’s stock at 2 p.m. ET on Tuesday, when shares were trading for $.094 — down slightly from $.10 at the start of the day. The company’s share price is down nearly 63% since the beginning of the year.

NYSE rules require a minimum average closing price of $1 per share over 30 consecutive trading days, but Audacy’s share price hasn’t traded above that threshold since July 5, 2022.

The NYSE has applied to the Securities and Exchange Commission (SEC) to delist Audacy’s stock. While that process plays out, trading in the company’s common stock on the exchange will be suspended, though it can still be traded over the counter.

Audacy signaled its intent to appeal the delisting by filing a written request, which it is required to do within 10 days of receiving the delisting notice. If that appeal is successful, the stock may resume trading on the NYSE.

In a statement, Audacy president/CEO David J. Field said that while the company is “disappointed” in the NYSE’s decision, he is “hopeful” that Audacy stock will start trading on the exchange again later this year “as we execute our action plans which include a reverse stock split to satisfy NYSE rules, the continued execution of our liability management plans and working with our financial advisors to refinance our debt.”

Field also stated that the company is confident it “will benefit from a general market recovery and will be able to capitalize on our investments in strategic transformation that position Audacy well for the future.”

Radio companies have been slammed by an advertising slowdown since the second half of 2022, and Audacy has been particularly hard-hit. In its first-quarter earnings released Wednesday (May 10), the company’s net revenue of $259.6 million was down 5.7% year-over-year, while cash operating expenses were up 3%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $3.5 million, compared to $26 million in the first quarter of 2022.

On a May 10 earnings call, Audacy CFO Richard Schmaeling noted that the company’s network advertising revenue fell 6% year-over-year due to inflation and rising interest rates (though its podcast advertising revenue was up 14%). He warned that advertising demand has “further softened” since the start of 2023 and added that “it could get worse before it gets better,” noting that the company “is continuing to work to accelerate revenue growth, develop and execute added cost reduction actions and to sell other noncore assets.”

“However,” Schmaeling continued, “these actions may not be sufficient to fully mitigate the impact of potential further advertising weakness.”

Several months after shutting down his SiriusXM station, Garth Brooks has found a new radio home. 

Starting this summer, Brooks will launch SEVENS Radio Network through TuneIn, the free livestreaming audio platform with more than 75 million monthly active users and distribution across 200 platforms and connected devices. 

SEVENS Radio will include multiple stations dedicated to country music and more, all curated and conceived by Brooks. “I’m excited about the future of TuneIn and feel lucky to announce a partnership with them,” said Brooks in a statement. “The thought of a global network of stations uniting all music fans is something I want to be a part of. The possibilities are bigger than I can dream.”

TuneIn already boasts more than 100,000 stations, accessible by downloading the TuneIn app for Android or iOS, via tunein.com or through smart speakers. Ad-supported content is available for free; listeners can also choose a commercial-free premium service.  

“Garth Brooks is a tireless entrepreneur and one of the most recognizable stars in the world. When he shared his vision for SEVENS Radio, we knew TuneIn should be his home,” said TuneIn CEO Rich Stern. “At TuneIn, we believe in the power of radio and those artists who are passionate about it. Garth and the entire SEVENS team are creating something we believe fans will love and we’re so proud to have them on TuneIn.”

Brooks, the top-selling solo artist in the United States with more than 156 million domestic albums sold, according to the RIAA, comes to TuneIn after six years spent helming the 24/7 Garth Channel on SiriusXM, which ceased airing on September 30.

SEVENS will fill and expand the void left by the end of the Garth Channel, which had served as a community hub for Brooks and his fans since its launch in 2016. The singer frequently appeared on the channel, sharing his experiences with the artists the outlet played, while the station offered fun bits of Brooks trivia. The Garth Channel featured Brooks’ music roughly 25% of the time, with the rest of the airplay dedicated to artists he liked, including acts he grew up on, his contemporaries and newer performers.