Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Monday, April 20, 2020

415 Media Extra Monday; KNBR/Cumulus Asks Hosts to take 15-20 Percent Pay Cuts; Murphy/Mac Neutralized; Tolbert Miffed; Baer/Giants Tension; PD Crowe Mighty Target; Stress Level is High at The 'Sports Leader'

RICH LIEBERMAN 415 MEDIA: Larry Baer, The Giants, SF Power ...

KNBR HOSTS MAKING THE BIG BUCKS: The Brian Murphys; the Paulie Macs; the Tom Tolberts and John Lunds; all of whom make more than $200K (and even more) have been asked by Cumulus, which owns KNBR, to take 15 percent salary cuts. For a guy like Murphy, who was pulling in around $300K a year, that's significant. Tom Tolbert too, (who is the highest paid Knibber host at nearly $400K a year)

The salary cuts mandate are just part of the story here; as a result of the Coronavirus pandemic affecting all radio, TV and newspaper budgets, advertising at KNBR is down a whopping 60to 70 % and with no viable end in sight, the usual fluid revenue stream at KNBR has left the station in financial purgatory. Furloughs are on the horizon too with most of KNBR's hosts working mandatory shifts --like three weeks and then suddenly disappearing off the air because of economic reality --there's simply NO MORE MONEY on the docket.

The quagmire has left both KNBR and Cumulus in a very difficult dilemma with its main cash cow, the SF Giants --no baseball on the horizon and no baseball to promote unless you consider pie-in-sky trial balloons, is a difficult challenge for all parties involved.

It's all about the money, of course it is. KNBR can't lick its main client's boot straps all the time. It has to improvise because for the time being, there's literally nothing on the docket to promote nor highlight. It could all crash soon too because so many dollars, so many egos, so many gigantic personal and business matters are at stake too. Ego and finances make for unflattering encounters, like I discovered recently.

Murphy and Mac, who are so ingrained and integrated in the Giants' hierarchy, had to cancel a Giants' PR event (for season ticket holders) for an on-line chat about the upcoming season (if there is one); seems the duo thought their PR pedigree would make the event a sellout even if baseball was in such a precarious situation. Guess what? Nobody was interested. ZERO. There was no event. Everyone was stymied but that's the state of business now; more importantly, the morning show got first-hand evidence of their current worth.

Same goes in the midday and afternoon time slot where Giants-related news and activity has been altered --much to the chagrin of all involved--simply because there is NO viable news to talk about or even comprehend. Team CEO and front man, Larry Baer, is in an unenviable position: who can I not crush? Truth is, the normally mass influential Baer is powerless here because his main PR engine, KNBR, is floating in the wind. Baer can only manage the tentacles so much but the octopus is on life support.

KNBR PD, Jerimiah Crowe, even in good times, is supposed to be a "major pain in the ass" to deal with; several of KNBR's air and non-air talents have privately told me dealing with Crowe is a  tough road. "He has no people skills", said one person in particular who asked me not to name his/her ID.

Giants KNBR Auction: 1st Class Ballpark Experience - Gotham Club ...Crowe himself will take a pay cut, because, well, he has to. His relationship with other major Cumulus suits is neutral at best. One big exec who has a major, local influence at the SF cluster, has TOTAL DISDAIN for Crowe, so much so that there's a massive friction when the two see face to face.

Meanwhile, the usually rosy atmosphere at the broadcast center is zombie-like now. The hosts are at home broadcasting from a distance due to virus-related caution. That's probably good for the major reason --it allows them not to have to look at Crowe and vice-versa and given the pay-cut and mandatory furloughs, tension is high for everyone involved.

Murphy's total, "KISS ASS" rep (to management)is a continued talking point among rank and file. In spite of the fractured atmosphere, 'Murph tries his best to curry favor with Baer and other higher-ups within the Giants and Cumulus organization. I guess living in Marin is an expensive proposition, you have to pay the bills.

We're entering a significant period now as the "Sports Leader" will be tested with all the current state-of-affairs; the virus isn't going away anytime soon; the normally potent Giants-KNBR alliance, even if the team is lousy, plays such a vital force together--when there's this much commotion and fracture within, and boy is there ever, it'll be quite a show to see who emerges as the victor. Right now, that's a difficult proposition to decipher.

*415 MEDIA EXCLUSIVE

Signs You Need To Relax: Do These Things Happen To You When Stress ...




Monday, July 1, 2019

415 Media Source: KGO Radio Is For Sale But Is Anybody Interested

Related imageI WANDERED through a maze of tables into the back corner and began munching on a club sandwich --lunch was on the guest who wanted to talk shop and overall schmooze --we do this a lot --I wasn't expecting a whole lot and really concentrated on the delicious bacon and turkey I devoured and accompanying fries, and then came a shocker from the lunchmate, an industry veteran:

"KGO is for sale." "What?, I gasped. "KGO Radio?" For Sale? That can't be right, I thought.

Then again, the news of Cumulus selling a big-market radio station is proof positive, enter WABC in the Big Apple.

It can happen and then some.

Here's the skinny:

Cumulus is selling its big top stations so it can liquidate some of its more lucrative assets to keep in line its BK status and raise some much-needed cash to stay alive, not just now but for the future. Which is why selling KGO in the Bay Area makes sense and getting Top 10 market money for it.

Cumulus propped up KGO in March with a revamped weekday line-up of talk hosts and went back to its original news-talk roots; so far, it hasn't set the Bay Area on fire with only modest buzz and barely a ripple. The upcoming election is always a ratings boon and there's tremendous interest in a race featuring the unpredictable and zany current Prez, Donald Trump. That said, KGO is still largely underperforming. Does KGO Radio even make money anymore? Ask 12 people and you'll get 12 different answers.

In its heyday, KGO used to bill more than $50 million dollars yearly but it's not 2000 anymore. KGO has a supreme dial position but hardly anybody listens to AM radio anymore except me and the commuter crowd interested in traffic on the approach to the Bay Bridge which is largely why KCBS exists.

What could KGO fetch and who would buy it? In a perfect world, a guy like Jim Gabbert, who used to love the originality of the old KGO and its top-flight format but Gabbert isn't interested in such a venture preferring to live out his remaining years flying airplanes in Mexico.

If a WABC could fetch only $12M; a legacy station with historic call letters could KGO Radio be a steal? My contact told me the magic number to Cumulus was north of 8 million bucks.

Let the negotiations begin.


Tuesday, June 23, 2015

A Quick 415 Media Pledge Break

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I ask you to:


PLEASE MAKE A DONATION TO 415 MEDIA. KEEP 415 MEDIA 100% READER-SUPPORTED BY CLICKING ON THE PAYPAL ICON ON THE RIGHT SIDE OF THE BLOG. ANY DOLLAR AMOUNT IS APPRECIATED. YOU DON'T HAVE TO HAVE A PAYPAL ACCT. TO MAKE A SECURE AND CONFIDENTIAL DONATION. THANK YOU. ALL OF YOU.


Rich

Thursday, May 7, 2015

Top 50 Bay Area Media Celebrity Salaries (Revised 2015)




1. Frank Somerville/KTVU: $525,000
2. Julie Haener/KTVU: $525,000
3. Dan Ashley/KGO-TV: $515,000
4. Cheryl Jennings: KGO-TV: $450,000
5. Ken Bastida: KPIX: $450, 500
6. Raj Mathai: KNTV, (NBC Bay Area): $425,000
7. Jessica Agurrie: KNTV: $425,000
8. Allen Martin: KPIX $415,000
9. Larry Beil/KGO-TV: $411, 500
10. Veronica De La Cruz: KPIX: $400,000
11. Ama Daetz: $400,000
12. Pam Moore: KRON: $400,000
13. Tony Kovaleski: KNTV: $375,000
14. Wayne Freedman: KGO-TV: $375,000
15. Vic Lee: KGO-TV: KGO-TV: $350,000
16. *Ronn Owens: KGO Radio/Cumulus: $350,000 (Option year on 3-year contract)
17. Phil Matier: KPIX/KCBS/SF Chronicle: $350,000
18. Heather Holmes: KTVU: $350,000
19. Mark Ibanez: KTVU: $330,000
20. Dennis O'Donnell: KPIX: $325,000
21: Gary Radnich: KRON: $300,000 (Excluding KNBR Salary --unknown)
22. Brian Murphy: KNBR: $300,000
23. Tom Tolbert: KNBR: $300,000
24. Ken Wayne: KTVU: $275,000
25. Claudine Wong: KTVU $275,000
26. Mike Mibach: KTVU $245,577
27. Paul Deanno: KPIX: $240, 500
28. Roberta Gonzales: KPIX: $240, 500
29: Carolyn Tyler: KGO-TV: $239,000
30. Spencer Christian: KGO-TV: $200,000
31. Stephen Stock: KNTV: $200,000
32. Larry Krueger: KNBR: $200,000
33. Bob Fitzgerald: KNBR: $200,000 (Excluding Warriors Salary--Unknown)
34. Christina Loren: KNTV: $200,000
35. Sal Castaneda: KTVU: $200,000
36. Steve Paulson: KTVU: $200,000
37: Bill Martin: KTVU: $200,000
38. Tom Vacar: KTVU: $200,000
39. Rob Roth: KTVU: $200,000
40. John Fowler: KTVU: $200,000
41: Anne Makovec: KPIX: $200,000
42. Stan Bunger: KCBS Radio: $200,000
43: Doug Sovern: KCBS Radio: $175,000
44. Mike Sugerman: KCBS Radio: $173,500
45. Jon Bristow: KGO Radio: $150,000
46. Jennifer Jones-Lee: KGO Radio: $150,000
47. Darya Folsom: $147,450: KRON
48. Catherine Heenan: KRON: $147, 500
49. Viki Liviakis: KRON: $125,000
50. Ray Woodson: KNBR: $100,000


*Notes...Salary numbers obtained by industry sources...Numbers do not include some internal bonuses paid by companies.


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Thursday, September 25, 2014

Million Dollar Baby

 "SHOW ME THE MONEY!"

*Expects a new multi-year deal in the $300K neighborhood --three years per!

*Helps that her bf is a key ally.

*Even small-alley KRON has to "protect their star." She thinks she has leverage ---she probably does to some extent.

*Deal would make her highest-paid personality at KRON. 100 Grand more than Radnich.

*Pero is under the gun from rank and file who object to yelling and screaming--this won't help matters, but he really seems not to care.

*Darya: "Men love me!" (They do, wonder why?)

*With bonuses, deal could total cool Million over fourth year option.

*Developing...

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Saturday, April 12, 2014

Why Carolyn Johnson Left KGO-TV; All About The Money; Story Behind the Story

 KGO will spin the departure of longtime, respected anchor Carolyn Johnson as finding a new opportunity. Too bad it isn't true.

In fact, Johnson, who is leaving 900 Front to go to an unknown market left because of money, or in KGO's case, an across-the-board pay cutback that accelerated her decision weeks ago to pursue other outlets.

"KGO told all their talent they would need to take a cut in pay. So she, (Johnson, who's been at the station since 1998), walked on them and is taking another job with bigger pay out of the market", said a source familiar with the move.

Make no mistake--this is a major setback for KGO. Johnson, along with Dan Ashley, provided a star-power duo of local anchor status and her leaving is another blow in a news operation beset with morale issues.

Moreover, it's especially damaging to mercurial News Director, Tracey Watkowski who announced Johnson's decision to the newsroom on Friday. A gasp erupted after staffers heard the news.

This was not Carolyn seeking to look for new opportunities. She's a Stanford grad, loves the Bay Area and turned down many job offers in the past. Her business-like, no-nonsense delivery was so good she was almost robotic. Johnson and Ashley provided KGO with a dynamic that made for a compelling news team.

That's now out the door. And in this case, it was ALL about the money. The news that management is about to embark on pay cuts comes right before an important sweeps period. I'm sure that will fire up the troops.

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