Posts Tagged ‘WRIE’

Classy’s parent files bankruptcy

As reported by AllAccess.com this afternoon:

CITADEL BROADCASTING, the nation’s third biggest radio broadcaster has indeed filed for bankruptcy in NEW YORK on SUNDAY (12/20), by filing a voluntary petition with the bankruptcy court.

The bankruptcy filing, as ALL ACCESS first reported earlier this month (NET NEWS 12/10), is a pre-arranged deal with lenders to swap debt for equity and will reduce CITADEL’s debt load to about $762.5 million.

The filing lists assets of $1.4 billion weighed down under $2.5 billion in debt. A huge, unserviceable debt and interest payment was due on JANUARY 15, 2010, which forced the Chapter 11 filing.

Citadel owns WXKC (Classy 100), WXTA (Country 98), WQHZ (Z-102), and WRIE (ESPN Radio) in Erie.

Deep Background for November 15-21, 2009

Whispers became a shout this week as executives at Citadel Broadcasting are indicating that they may have to go Chapter 11 ahead of a scheduled January debt payment that the owners of WXKC, WXTA, WQHZ, and WRIE don’t have. To hear Jerry Del Colliano of Inside Music Media talk, there could be consequences for the last remaining local morning show in the group: The Breakfast Club.

For me, I think it would be crazy for Citadel to gore their only real cash cow, Classy 100. But a note of appreciation for Chuck and Brenda to the station would be timely.

I just sounded off, how about you? What’s your take on this challenging media environment? Did you spend any funny money on last week’s ETN millionaire auction? What’s the latest scoop at your media outlet? For all this and more, this open forum is our sounding board.

You can leave a comment, e-mail me at joel@nataliemedia.com or tweet@pressandtower.

Embrace the chaos!

Spring ARB: Star increases lead over Classy

Connoisseur Media continued its position at the top of the Erie radio ratings, with their flagship CHR WRTS (Star 104) increasing the total audience lead that they hold over Citadel Broadcasting’s AC WXKC (Classy 100) by a half-share in the Spring 2009 ratings just released by Arbitron.

In fact, none of the stations in the Citadel stable increased their share of the Erie audience this Spring compared to last Fall. On the other hand, only WRKT (Rocket 101) joined Star in an increase in share for Connie Media. In fact the rankers for this Spring book were quite stationary, with a few exceptions.

News/Talker WJET fell one rank and lost over a third of it’s share of audience in the first book since the dropping of Rush Limbaugh from its lineup. Nostalgia CFZM, which had a big fall book here in Erie fell two positions in the Spring.

The most improved station in the Erie market this book: Christian AC WCTL, with an over 20% increase in share audience and a two position jump in the rankers 12+.

It was a bad book for sports radio as WRIE share was cut in half. Meanwhile, WFNN 1330 was again a “no show,” falling under the line this book.

All the 12+ ratings are available on AllAccess.com (registration required).

Noting Bob Eaton’s passing

For long time listeners of Erie radio, if you thought about people on the air who had that “classic” deep-toned radio voice, you would think Bob Eaton.

It’s been over a week now since his obituary appeared in the Times-News, dying at the age of 82. According to the account in the paper, Bob graduated from Academy High School in 1948, and in 1949 began his career as an announcer at WERC. He went on to work for WLEU from 1950 to 1965, WICU radio and TV from 1966 to 1976, WRIE from 1977 to 1989, then finally to WQLN until 1995.

Forty-six years of continuous broadcasting: that’s something!

Lou Baxter weighed in on my Facebook about Bob:

Bob had a radio voice from God. What I’d give to have a voice like that.

He was reading news at WRIE when I joined Bob Hughes and the crew there in the 70s. Great voice… but no news sense. I was at the station the day Elvis died. Bob was anchoring the news and didn’t understand the significance of the story. He used it as a kicker at the end his newscast…”Finally, the King of Rock n Roll has died”, and then did a weather forecast. Yikes!

He eventually returned to his first love…announcing classical music at QLN.

RIP Bob Eaton.

His boss at WRIE, former owner Brady Louis shares his remembrances:

Blessed with a deep, mellifluous voice at an early age, Bob Eaton was a natural for radio.

When he did mid-days at WRIE ( “housewife time”-ouch,  as opposed to “drivetime”  ), he tolerated our middle-of -the-road music format until we eased into a more adult contemporary sound at which time he became WRIE’s afternoon news reporter.

Bob’s real love was classical music which made his move to WQLN-FM a natural. Finally, he was in his musical element.

He was a good guy, a loner, with a good sense of humor and a great laugh.

He will be remembered for sharing his on-air talent for decades with audiences of several stations in the Erie market.

Farewell, Bob.

Finally Jim Griffey reminded us that his love for classical music was useful in his side work as a piano tuner!

Include Bob Eaton in the pantheon of great Erie broadcasters who made an impact on our community and industry and are no longer with us.

The Feed for the Weekend of Feb. 28th & March 1st

  • Classy 100 parent to be delisted: Citadel Broadcasting Corp., the group owner of WXKC, WXTA, WQHZ, and WRIE will be delisted from the New York Stock Exchange this week, according to AllAccess.com. Citadel will be become an “over-the-counter” stock with a new symbol to be determined. The stock has been trading over 30 days at under $1 and the market cap is under $75 million, both conditions for trading on The Big Board. CDL closed down a nickel Friday, to 0.09, dropping its market cap to $24.30M.
  • (more…)

Poll: Where do you get your sports news?

In last weeks poll, we asked about cellphone usage among our readers. We found that our P&T readers are strong adopters of mobile technology, with almost half carrying a smart phone with a email and web data package. Another third at least had a cell phone with texting capabilities.

This week, with the baseball playoffs on and the NFL & NHL seasons in full thrust, let’s put our ball caps on:

Most often, where you get your sports news?

  • Online Websites/Blogs (39%, 17 Votes)
  • Cable Sports (ESPN/ESPN 2/ESPNews/ESPN U/ESPN Classic/ESPN Desportes/Fox Sports Ohio/Pittsburgh) (32%, 14 Votes)
  • Local Radio (ESPN 1260/Fox Sports 1330) (11%, 5 Votes)
  • Local Television Stations (11%, 5 Votes)
  • Local Newspaper (Erie Times News, Meadville Tribune) (7%, 3 Votes)
  • Sports Magazines (Sports Illustrated, Sporting News) (0%, 1 Votes)

Total Voters: 44

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