Crowd Funding

By Fred Jacobs, The Financial Manager magazine

Some radio broadcasters are GENERATING SERIOUS MONEY from events.  Despite some failures, the industry is learning how to make them pay off.

WITH RADIO’S TRADITIONAL ADVERTISING revenue stream under increasing pressures, there’s a growing curiosity about how to bump up the bottom line with non-traditional revenue opportunities.  Within that NTR category is one prospect that’s proved to be a vein of gold for some, and an abject lesson in failure for others: special events.

The events come in many different forms: food fairs, wedding fashion markets, music festivals, even amusement- park type extravaganzas.  Enough information has accumulated about why some succeed, and others fail, to draw some conclusions about when it makes sense to delve into this sexy, but sometimes risky, line of business.

In the past, the category has been somewhat elusive for many radio stations because it requires a high level of expertise, financial investment, as well as the need to take risks.  For decades, radio has been an integral partner in event promotion, but in most cases the events were owned by third party, like concert promoters or cities and municipalities.

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Galaxy Communications Inks Gen Media Partners As New National Ad Sales Rep

GALAXY COMMUNICATIONS, the central NEW YORK station group run by ED LEVINE, has inked a deal for GEN MEDIA PARTNERS to be its new national advertising sales representative.

GEN CEO KEVIN GARRITY said, “We are delighted to welcome ED and GALAXY COMMUNICATIONS to GEN MEDIA PARTNERS.  ED’s team is known for creatively utilizing all of their assets to connect advertisers with loyal listeners. Our independent position in national representation allows us to super-serve ED’s stations, working in partnership with his team to bring robust opportunities to national agencies and brands.”

“We are very pleased to move GALAXY’s national business to the leading independent rep firm in radio,” added LEVINE. “I will sleep better at night knowing that I’m not relying on my direct competitor to oversee my national business any longer. GEN MEDIA‘s independent standing aligns with GALAXY’s, and their experienced team knows how to increase national revenue for the independent broadcaster.

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New York State Broadcasters Association elects Galaxy’s Levine as board chairman

By Journal Staff, Business Journal News Network

The New York State Broadcasters Association, Inc. (NYSBA) announced it has elected Ed Levine, president and CEO of Galaxy Communications in Syracuse/Utica, as its board chairman for the coming year.

He replaces Bob Krummenacker, VP and general manager of Quincy Broadcasting’s WBNG-TV in Binghamton, who has served as the association’s board chairman for the last year.

“I look forward to working with our incoming Chairman, Ed Levine, CEO of Galaxy Communications, who is one of the most successful and respected radio executives in the country,” David Donovan, president and executive director of NYSBA, said in a news release.

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NYSBA Elects 2017 Board of Directors Ed Levine to serve as Chairman of the Board

New York, NY: The New York State Broadcasters Association, Inc.,(NYSBA) elected its officers and board of directors at its Annual Meeting in New York City.  David Donovan, President and Executive Director of NYSBA stated, “NYSBA is fortunate to have the most respected and dynamic executives in broadcasting serving on its Board of Directors. Through their leadership, NYSBA will help ensure that that radio and television stations in New York meet the challenges of today’s hyper competitive marketplace.”  He continued, “I want to thank Bob Krummenacker, V.P. and General Manager of Quincy Broadcasting’s WBNG-TV, Binghamton, for his tireless efforts and leadership as Chairman this past year.  I look forward to working with our incoming Chairman, Ed Levine, CEO of Galaxy Communications, who is one of the most successful and respected radio executives in the country.”

NYSBA officers for 2017 will be:

·        Chairman: Ed Levine, President & CEO Galaxy Communications, Syracuse/Utica
·        Vice Chairman TV: Chuck Samuels, Vice President/GM (TV) WHAM-TV/WUHF-TV, Rochester
·        Vice Chairman Radio: Ramon Pineda, Sr. Vice President/Regional Director Univision Television/Radio Group, New York City
·        Secretary:Dave Davis, President/GM WABC-TV, New York City
·        Treasurer: John Shea, Vice President/GM Cox Media Group, West Babylon

New members joining the Board of Directors for 2017:

·        Heather Binnie, East Coast Divisional Manager CBS Television Distribution Group, NYC
·        Karen Carey, Market President/Chief Revenue Officer WFRG/WIBX/WLZW/WODZ, Marcy
·        Amy Collins, General Manager WSTM-TV/WSTQ-TV/WTVH-TV, Syracuse
·        Charlie Morgan, Sr. Vice President/Mkt. Mgr. Emmis, NYC
·        Rob Williams, Sr. Vice President, Operations Townsquare Media, Greenwich, CT

Returning to the board for 2017:

·        Steve Baboulis, Vice President/GM, WNYT-TV/WNYA-TV, Albany
·        Alan Bishop, Owner/Pres., Fingerlakes Radio Group/Chadwick Bay Broadcasting Corp., Geneva
·        Timothy Busch, Exec. Vice President/COO Nexstar Broadcasting Group, Rochester
·        Chuck Carver, President/GM WATS/WAVR, Waverly
·        Jerry Crowley, Vice President/GM WMCA/WNYM, NYC
·        Kristen Delaney, Area President, iHeartMedia, Albany
·        Peter Dunn, President CBS Television Stations, NYC
·        David Feinblatt, President/GM, WLIG-TV, Long Island
·        Scott Hopeck, President/Mkt. Mgr. iHeartMedia, NYC
·        Bob Krummenacker, Vice President/GM, WBNG-TV, Binghamton
·        Maire Mason, V.P. General Manager WNSH NYC
·        Lew Leone, Vice President/GM WNYW-TV/WWOR-TV, NYC
·        Eric Lerner, President/GM, WNBC-TV, NYC
·        Chad Lopez, Vice President/Mkt. Mgr., Cumulus, NYC
·        Michael Nurse, President/GM, WKBW-TV, Buffalo
·        Chet Osadchey, Vice President/GM, Cayuga Radio Group, Ithaca
·        Norm Silverstein, President/CEO, WXXI-TV/AM/FM, Rochester
·        Robert Vonick, Vice President/Sr. Tax Counsel, ABC, NYC
·        Theresa Underwood, SVP/Reg Mgr, Nexstar Broadcasting Group, Syracuse

For additional information contact David Donovan at ddonovan@nysbroadcasters.org

In $3M deal, Galaxy Communications to take over most of Berkshire County’s airwaves

By Tony Dobrowolski, The Berkshire Eagle

PITTSFIELD — Local radio in Berkshire County is undergoing another ownership change, as the majority of the county’s commercial radio stations are being purchased by a chain based in central New York.

Galaxy Communications, a privately owned independent chain headquartered in Syracuse, is purchasing six Berkshire County radio stations and two translator stations from Gamma Broadcasting in a cash and stock deal worth $3.17 million, according to Galaxy’s website. Gamma principals Bruce Danziger and Burton Barlow also hold an attributable interest in Vox AM/FM, which owns stations in New York and Vermont.

The transaction is subject to approval by the Federal Communications Commission, and is expected to close by the end of 2016, according to Galaxy’s president and CEO Ed Levine.

“I’m relying on the FCC for timing, but feel confident it will be in December,” said Levine, whose group owns 14 radio stations in the Syracuse-Utica N.Y. area. This is Galaxy’s first expansion outside of New York state.

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