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Barstool Sports Now Valued at $100 Million

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Barstool Sports may not be everyone’s cup of tea but that’s just fine with their majority owner Chernin Group. The investment firm led by former News Corp. executive Peter Chernin has pledged another $15 million dollars to the company in order to help it pursue new business opportunities. Among the possibilities include branded alcohol, its own bar and expanding the recently acquired Rough N Rowdy boxing promotion.

In recent years, a number of media brands have been negatively affected by failing stock prices, staff reductions, and bankruptcies. Despite a challenging business climate, Barstool is going the opposite direction, making further investments in itself and its people. The company plans to double its staff to 160, with a focus on adding more writers, video producers and podcast hosts. Barstool CEO Erika Nardini says the company will also tap into the subscription business further by offering fans exclusive content tied to their podcasts or online Q&As with talent and personalities.

According to Bloomberg, the latest funding increases Barstool Sports’ value to roughly $100 million dollars. Although that number is tremendous for an upstart company, it pales in comparison to other groups like Vice Media (5.7 billion) and BuzzFeed (1.7 billion).

“The company has far exceeded our plans and all our models,” Mike Kerns, president of digital at the Chernin Group told Bloomberg. “There are a lot more areas we need to invest in.”

Barstool president Dave Portnoy says the latest funding provided by Chernin Group allows the brand the freedom to continue following its instincts. Over the next three to five years, Portnoy hopes to increase the brand’s value to $250 million. To celebrate the news, Portnoy is reposting a few of his earlier Barstool State of the Unions. You can check them out by clicking here.

A-Rod and Vasgergian Join Sunday Night Baseball on ESPN

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Invoke whichever sports phrase you wish but since this is baseball related news we’re going to keep it simple – ESPN hit a home run! The network has reached an agreement with FOX Sports which will allow them to feature Alex Rodriguez on Sunday Night Baseball. Michael McCarthy of the Sporting News first reported the possibility on January 6th.

Ironically, A-Rod takes over the position previously held by Aaron Boone who left to go manage the New York Yankees, Rodriguez’s former team. A-Rod previously replaced Boone as the Yankees third baseman in 2004 after Boone injured himself in a pickup basketball game.

The arrangement between ESPN and FOX will allow A-Rod to work “Sunday Night Baseball” during the regular season and remain involved on Fox Sports as a playoff analyst during the postseason. Fox Sports and TBS hold the TV rights for postseason play.

Joining Rodriguez on the Sunday Night broadcast to call the action will be Matt Vasgergian. The network chose the Fox and MLB Network play by play announcer to fill Dan Shulman’s vacant seat over internal candidates Jon “Boog” Sciambi and Karl Ravech. Ryan Glasspiegel of The Big Lead first reported ESPN’s interest in him. Despite Vasgergian’s addition to the Sunday Night crew, he’s expected to remain involved as an announcer and studio host on the MLB Network.

The two holdovers to the broadcast team are analyst Jessica Mendoza and reporter Buster Olney.

According to a Fox source which spoke to the Sporting News, the talent-sharing relationship became a possibility after Disney agreed to pay $60 billion for the majority of 21st Century Fox’s assets. Part of that transaction included taking control of Fox’s regional sports networks. ESPN sources though say the Disney-Fox business deal didn’t factor into adding A-Rod.

Regardless of who’s telling the truth or how it happened, Sunday Night Baseball on ESPN just became a lot more interesting with A-Rod involved in the telecast.

Previewing The Annual BSM Top 20 in Sports Radio

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Next week, Barrett Sports Media will introduce its third annual Top 20 in sports radio. The six day series highlights the top morning, midday, afternoon and national sports radio shows, the best stations, and the format’s top program directors. This project takes nearly two months to complete because it involves gathering feedback from a large number of sports radio executives. In fact, this year a total of 47 people have contributed to the final results.

Making the process more difficult is the challenge of balancing it out. This means making sure the majority of input isn’t coming from one specific region or company. For example, if I utilized forty executives from CBS/Entercom and none from Cumulus/iHeart, you’d expect the results to shift in the direction of most CBS/Entercom brands. That same situation would arise if I included people who worked on the east coast and none from the Midwest or west coast.

As you may recall, one significant change was made last year. Major markets (1-20) were separated from mid-markets (21 and up). That same approach will be used this year. The reason for it was simple. The industry’s attention (and in many cases advertising buys) often goes towards bigger cities. And for good reason, they face the most pressure and operate under a wider lens.

However, there are brands, shows, and people dominating in their markets which are worthy of being recognized but would otherwise be ignored simply for the fact that they excel in a smaller city. Since no show/station can convince a few million people to relocate to their city and change their market ranking this was a logical way to involve everyone, even if it meant having to increase my workload.

As I stress to folks who ask about these results, there is no perfect way to measure every show, station and individual. So don’t forget that when they’re revealed next week. Each executive values things differently, and audiences in some cities are more attached to a station and their personalities than they are in others. A talent’s value shouldn’t increase by being ranked high on this list nor should it be decreased if they’re not included. It’s a subjective series aimed at recognizing great performers as seen thru the collective eyes of industry leaders. The scorecard that matters most is delivering ratings and revenue for the company which employs you.

Given how the BSM brand has grown over the past few years, I want to remind you that I DO NOT vote in this process. I stress this because it’s often assumed that these are my selections. I may provide the platform where they’re presented and design the images and promote the results via social media but the feedback is a culmination of 47 individuals’ opinions. Those voters represent radio companies such as Entercom/CBS, iHeart, Cumulus, Bonneville, Beasley, ESPN Radio, Premiere/FOX Sports Radio, SiriusXM, and a few smaller groups.

Another item I want to address is the line I walk with clients. Many have asked me about this privately so let me clear the air publicly.

Those who I do business with know that I’m a man of integrity. I pride myself on being a straight shooter and my personal standards are not for sale. My focus when I work with brands is to help them improve their on-air/online/on social product, grow their people, recruit, offer ideas, and provide information to help them gain a competitive advantage. Providing favoritism on the BSM website, podcast or social media channels is not part of the partnership.

I have run this process for two years. During that time, I’ve had clients listed behind competitors when the final rankings came out. Trust me when I tell you, that’s a very uneasy feeling. In some cases it was justified. In others I thought they deserved better.

Although it bothered me, I didn’t see the point of asking executives who I know, trust and respect to offer their input if I was just going to dismiss it and favor someone I do business with. If I was going to do that, I’d either present the awards as my own without contributions from others or stop doing them altogether.

What that taught me is that my approach to consulting is different than what some folks have been used to. More times than not in our industry, people operate in the shadows. It’s the same mindset that exists with sharing information about a brand’s ratings. I think that’s one of radio’s biggest problems. We’re so protective and afraid of what’s said publicly about our brands that we try to hide and limit conversation rather than getting out in front of it. If you can’t share your news in an honest way, listen to an informed opinion, and soak in the feedback provided by executives in your industry who are making decisions on behalf of the top broadcast companies then what exactly are we doing here?

Some may see my approach as a positive. Others may not. I have to do what I think is right and trust that those who know me and work with me understand the difference between a list and the value I bring to them on a regular basis. No answer that I supply is going to please everyone. If a client I work with gets ranked ahead of the competitor the immediate response is, “he’s just looking out for those he does business with.” If I put the competitor higher then I run the risk of pissing off a client. If I stop doing the project altogether then there’s less attention given to the format.

In some ways that’s a compliment because it means the brand has credibility and many look forward to the lists and respect the outcome. My belief is that if a brand or person is doing good work consistently, it’ll be recognized by the voters. Nobody with a 1 share, bad work ethic and poor sounding show is going to fake their way into a high ranking. All I can do is my best to run a fair process and present the industry’s collective viewpoints. Some results will be applauded. Others will be questioned and debated. That’s just the way lists work.

Looking ahead to next week, when you analyze the results I hope you’ll take into account a few key things.

#1 – The goal is to recognize the Top 20 programs/stations/people who performed best in 2017, not which hosts or shows we’d hire tomorrow if we were launching a new sports station. Most voters understand this when making their decisions, but it’s impossible to be inside each executives head and see how much value they place on it.

#2 – If a show or host was on the air for at least six months in 2017 and performed well, they usually are included on the list supplied to industry executives. They DID NOT have to finish the calendar year with the station as that was a bone of contention the past two years and we made an adjustment.

For example, Mike and Mike on ESPN Radio and Mike Francesa on WFAN are on the list because they were on the air for the majority of 2017. Their replacements, Wingo and Golic, and Carlin, Maggie and Bart will be eligible for consideration next year should we do this project again and they anchor their current shows for at least six months and deliver positive results.

#3 – If a show kept its foundation in place, but experienced some change in 2017, they ARE eligible. A few examples would be WFAN Mornings with Boomer Esiason which lost Craig Carton, Mike Valenti on 97.1 The Ticket who lost former partner Terry Foster to retirement, Gio and Jones who previously hosted mornings on CBS Sports Radio, and Stephen A. Smith who hosted a local show on ESPN NY/LA. There were a few local shows which made changes and didn’t make the initial cut because they didn’t have as strong of an impact in their local market as others had in their markets.

Before I wrap this up, I want to explain how the voting works.

Each executive is tasked with ranking their top 20 in each category in exact order. A 1st place vote is worth the most points. A 20th place vote is worth the least. The forty seven executives review each category, make their selections and then send them in. I add up the totals for each show/station/individual and from there it comes down to who earned the most votes. It’s similar to how players are voted on for an MVP award.

I hope you’re looking forward to seeing who earned the sports radio industry’s respect in 2017. The full schedule can be seen by clicking here. The process starts Monday January 29th and ends Monday February 5th.

Also, if you’re going to be on radio row in Minneapolis, send me an email or a message on Twitter. I’ll be arriving in the Twin cities on Tuesday afternoon, and making the rounds on radio row Wednesday and Thursday before returning to NY on Friday. I may even tape a few conversations for the third season of the BSM Podcast while I’m out there.

Let the debates begin!

FOX Steps Up Its Pursuit of Thursday Night Football

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The NFL’s ratings may be down, but that isn’t stopping FOX from aggressively pursuing the rights to Thursday Night Football. According to Sports Business Daily, three networks submitted bids for TNF – CBS, NBC and FOX.

Although NBC and CBS expressed a desire to air TNF, both networks offered lower rights fees than the reported $450 million they spent combined on the package in 2017. FOX was the only network to submit an offer with an increase in rights fees. The amount proposed though remains unclear.

What’ll be interesting to monitor is whether the proposal includes a combination of games being made available on FOX and FS1/FS2 or if the network will be receptive to games also being made available on the NFL Network as they have in the past. The NFL also stands to benefit by once again making their digital rights to Thursday Night games available. Amazon and Twitter are both interested in the package. Facebook has elected not to bid according to SBD.

Michelle Smallmon Returns to 101 ESPN

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Michelle Smallmon is heading home. After recently announcing her departure from ESPN Radio, the former producer for Ryen Russillo, Danny Kanell, Will Cain and Jorge Sedano has been hired by her former employer 101 ESPN in St. Louis to become Bernie Miklasz’s partner in morning drive.

“I’m so thrilled to be reunited with Bernie Miklasz and my 101 ESPN family in this new role” said Smallmon. “Getting the opportunity to work at ESPN in Bristol was a dream come true, and I’m so grateful for my time there and to all the amazing people I met at the network. But St. Louis is my home, and it feels great to be back in the community that means so much to me.”

Prior to moving to Bristol, CT to produce for ESPN Radio, Smallmon spent time producing and contributing to Miklasz’s show. Now after gaining more experience and honing her skills, she’s ready to head back to where it all started and take on a bigger on-air role working with one of St. Louis’ best on-air radio personalities.

“I gave Michelle her first full-time gig in sports-talk radio” noted Miklasz. “I chose her as my producer even though there were more experienced candidates under consideration. But I sincerely believed she had a chance to be special, and she was worthy of the chance. I am so proud of her, watching her develop into a budding star. She is an exceptional talent and person who will only continue to grow and shine. And she will make my show better in so many ways. It really is the perfect fit.”

The radio station confirmed that Miklasz and Smallmon will start working together on a full time basis Monday January 29th. She’s also expected to contribute to 101 ESPN’s digital platforms.

“It’s great to have Michelle come home to 101 ESPN” added PD Chris “Hoss” Neupert. “She will be a great addition to ‘The Bernie Miklasz Show” and we are excited to continue improving our great sports radio station! We are also looking forward to her contributions on www.101sports.com.”

In conjunction with the announcement of Smallmon’s addition, Hubbard St. Louis VP John Kijowski acknowledged that the radio station had also agreed to terms on a lengthy contract extension with Miklasz.

“With all of his accomplishments, awards and honors from his on-the-air show hosting and sports writing- we’re thrilled to extend Bernie’s deal with 101 ESPN” Kijowski commented. “And we could not be more pleased to welcome back Michelle to the 101 ESPN airwaves. She’s proven herself as a sports radio professional on the national level, and we’re excited to have her expertise and skills working with Bernie on ‘The Bernie Miklasz Show” in her new capacity.”

Paul Esden Named Afternoon Host at The Score 1260

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The Score 1260 in Syracuse has decided on a new afternoon show. The radio station confirms that Paul Esden will host Drive Time Sports weekday afternoons from 3p-6p ET. Mike Lindsley previously occupied the time slot but left The Score in late November.

Esden is no stranger to Syracuse sports radio listeners. Prior to earning the promotion to afternoons, he served as the executive producer and sports update anchor for the station’s midday show Bud & The Manchild. He’s also covered Syracuse University Athletics as a Senior Columnist for Inside the Loud House for the past two years.

Tom Mitchell, Operations Manager and PD for The Score said, “This is a marvelous opportunity for Paul. His unique and energetic style opens up a fresh perspective to cover not only local sports, but also the best in the national sports arena, every day.”

A Conversation About Leadership

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I recently had the good fortune of having dinner with one of the top executives in broadcasting when the topic of leadership came up as it related to driving change and real growth in our industry. This wasn’t a conversation about whether or not we could beat what the industry or market is doing or if we could increase our sales 5-6% over previous year.

This was a conversation about pushing ourselves to the max and really making our sales teams better and getting more out of them. This was a conversation about real leadership. The executive wanted to know if each of us was willing to be the “a**hole” that you sometimes need to be to make real change happen, or if we were just looking to be “Mr. Nice Guyl” and make friends.

The dinner was almost a month ago and I can’t stop thinking about his premise. Am I “Mr. Nice Guy?” Can I be an a**hole? And most importantly, do you really need to be an a**hole in order to drive change and be a great leader.

Often, as I’m sure most of you do, I turn to sports to look for my answers. Vince Lombardi. Bob Knight. Bill Belichick. Nick Saban. Bill Parcells. Bear Bryant. Scotty Bowman. Gregg Popovich. Mike Ditka. Tony LaRussa. Geno Auriemma.

I started to notice a trend. All of these names have, at one time or another, shown up on a list of some of the best coaches of all time. And, by all accounts, those that played for them would definitely NOT say they were “Mr. Nice Guy.”

As fans, we don’t often get to see the personal side of the players and coaches we love to watch, although being in the sports industry we’re much more likely than the average person to have spent at least some time around powerful sports figures away from the game. Often times, we see a very different side and walk away wondering how they can be such an a**hole on the sidelines or in an interview, and be so charming at other times.

I think with most of the people I named above, the reason is the same: the obsession with winning, and what makes them great leaders is often times the ability to think of nothing else and constantly be focused on only those things that will make their team better and be able to win more. And, while I can think of some names that would also be on that list of great coaches that, by all accounts, were more “Mr. Nice Guy,” (John Wooden, Dean Smith, Don Shula, Mike Krzyzewski to name a few), it seems they all had something in common as well in that they are all regarded as incredibly intelligent people.

Now, I don’t know about you, but I don’t fall in to the “incredibly intelligent” category by anyone’s account (other than my maternal grandmother who thought I could do no wrong), so if I am truly good at what I do, I must have some a**hole in me.

Later on, my attention turned to this thought:  if you do have to be an a**hole, how big of an a**hole do you need to be or how often do you have to be an a**hole to get what you want done? To me, this is the larger question. Nobody wants to work for a tyrant or someone regarded as an a**hole all the time. But, at the same time, I can’t think of a “Mr. Nice Guy” who really drove me to be better or who was willing to have difficult conversations in order to help me see where I could improve.

Like with most everything else we do as managers, it’s about balance. In this case, knowing when being the nice guy will get you where you want to be and knowing when it takes a much tougher approach. Many years ago, I was given the advice that you cannot manage everyone the same. A large part of a manager’s job is to identify how best to lead an individual. We want to get the best out of each member of our teams, and to do that, sometimes you have to pull it out of them with force, and with some, you need to cheer by their side as you casually push them in the right direction.

It’s not so much about how nice or how mean you can be, to me, it’s more about picking the right times. There’s a time and place for “Mr. Nice Guy” to come out, and there’s a time and place for “Mr. A**hole” to take over.

Chris Jericho and Westwood One Announce Partnership

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Westwood One has added six-time WWE champion, rock vocalist, and New York Times bestselling author Chris Jericho to its stable. Jericho will move his popular podcast, Talk is Jericho, and the Jericho Network podcasts, to the Westwood One Podcast Network for distribution and sales representation. Westwood One says two new shows will be available on-demand each Wednesday and Friday, and The Jericho Network, an extension of Jericho’s diverse array of subjects and guests featuring other entertaining podcast hosts will debut on Monday, January 22, 2018. All content will be available via iTunes, Google Play, and other platforms and apps like TuneIn and Podbean.

“After four years of building Talk Is Jericho into one of the most popular and successful podcasts in the world, I decided to make a change to take things to the next level. It didn’t take long to realize that the only clear choice for a new home for TIJ and The Jericho Network content is Westwood One,” said Jericho. “I used to listen to Westwood One radio specials as a teenager in Winnipeg and to have my show broadcasting with this legendary company brings things full circle for me! Now with the gigantic reach and full promotional support of Westwood One behind me, Talk Is Jericho is going straight to the toppermost of the poppermost, where we will continue to bring you the best pop culture, music, wrestling, paranormal, movie, bake sale related podcast on the planet. So fasten your seatbelt, put on a helmet, and get ready for the biggest and best Pod of Thunder and Rock N Roll EEVVEERR!!  Yeah, Boyeee!”

“The Westwood One Podcast Network is fast-becoming the go-to destination for the biggest names in News/Talk, Sports, and Entertainment,” said Suzanne Grimes, EVP, Corporate Marketing, Cumulus Media and President, Westwood One. “Like Chris, we are taking things to the next level by building a portfolio of the best podcast voices in America to serve and entertain our massive audience of a quarter of a billion weekly listeners. We welcome Chris to the Westwood One family, as his Pod of Thunder takes our listeners by storm.”

Jericho launched the Talk is Jericho podcast in 2013. Over the past five years its become one of the most popular podcasts on iTunes, generating over 250,000 downloads per episode. Jericho is also creating Chris Jericho’s Rock ‘N’ Wrestling Rager at Sea, a cruise combining the worlds of rock and wrestling with a once-in-a-lifetime amazing vacation experience. The event will take place in late October.

FOX Interested in Thursday Night Football

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According to a Bloomberg report, FOX is attempting to acquire the broadcast rights to Thursday Night Football.

Some expected FOX, who retained their broadcast network along with national cable channels FS1 and FS2, to invest in sports programming following the sale of its regional networks to Disney. FOX submitted a bid to the NFL offering both its broadcast network and Fox Sports 1 as a potential home for Thursday Night Football according to Bloomberg.

In November, Fox CEO James Murdoch, speaking at the Paley International Council Summit, alluded to the NFL possibly oversaturating its product. “I do think the proliferation of Thursday availability, and the proliferation of football generally, does mean that you’re asking a lot from customers to watch Thursday. And then they watch a lot more college football games on Saturdays, and then on Sundays, and then on Monday Night Football, etc. It’s a lot. So I do think that preserving the scarcity value of those events and that audience is something that is worth thinking about,” said Murdoch.

If Murdoch believes Thursday Night Football is bad for the NFL, it would be an interesting about face to see FOX invest in the product.

Earlier in the week it was reported Disney was making a play for Thursday Night Football which could see the NFL return to ABC for the first time since 2005. The NFL is also accepting bids from digital companies who could potentially stream Thursday Night Football exclusively online. Tech giants such as Facebook and Amazon have shown a desire to invest in live sports content and have the money to do so.

“The league is going to make a watershed decision on whether to go for money or for distribution,” said Neal Pilson, former president of CBS Sports via the Bloomberg report. “With conventional networks like NBC or CBS you’re talking about distribution that’s reasonably guaranteed.”

Amazon paid the NFL $50 million to live stream 11 games this season, drawing a small percentage of the audience CBS and NBC did, which spent $45 million per game to broadcast Thursday Night Football. If the higher bid comes from a digital company, the NFL might be willing to sacrifice viewership for a larger dollar amount.

While the league’s television ratings decline remains a concern, the Thursday Night Football package (the least appealing primetime package) garnering as much interest as it has from broadcast networks and digital media companies is a sign that the NFL’s future is healthy.

Brandon Contes is a freelance writer for BSM. He can be found on Twitter @BrandonContes. To reach him by email click here.

A Mixed Bag of Sports Media Subjects

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There have been a number of things happening in sports and media that have captured my attention lately. Rather than writing a normal column which focuses on one particular issue, I’m going to use my platform today to cover a few topics in rapid fire fashion. Fasten your seat belt.

FACING THE MUSIC AFTER A MISTAKE IS ALWAYS A WISE DECISION

Like many of you, I screamed my head off at the television when watching the final play in the Minnesota Vikings-New Orleans playoff game. I was shocked by what happened and questioned Saints safety Marcus Williams’ judgment along with the rest of the nation.

But it’s what happened afterwards that gained my attention and respect.

Rather than ignoring the media, which most would’ve done in that moment and for good reason, Williams stood tall handling the heat. He knew he screwed up and let down every fan of the Who Dat nation, and felt a responsibility to acknowledge his mistake and pledge to learn from it. As furious as fans were and as emotional as we become over wins and losses, it’s harder to want to kick a guy when he’s down when he has the decency to look you in the eye and say “I’m sorry. I screwed up. This is my fault.”

Why does that matter? Because it applies to many of us in the sports radio business.

If you’re a host or program director and your ratings are down, your market manager and corporate bosses don’t want to hear excuses. They want to know that you’re accountable and prepared with an informed explanation of what happened and a solution to avoid future missteps. If they sense that you care, have a game plan, and understand the situation, they’re more likely to support you during the tough times.

If you’re producing a show and the topic you pitched falls flat or the guest you booked doesn’t show up, own it. It’s live radio. Things don’t always go according to plan. All you can do is develop the angle, talk to the guest, confirm that they’re on schedule, and have a backup plan ready in case something doesn’t work. Your show unit and program director are going to ask questions when something you promised doesn’t come to fruition. If they didn’t, they wouldn’t be doing their job, keeping you honest, and letting you know they expect better.

There are many daily situations that take place in our business which put us in position to either fall flat on our face or rise above the tide. Remember, everyone has a bad moment. It’s how you respond that determines whether people remain confident in your abilities or not. Judging from Marcus Williams’ performance throughout the season and how he conducted himself after the lowest moment of his professional career, I’m sure many in New Orleans are going to have his back going forward.

THE VIKINGS RADIO FINAL CALL PLEASED FANS, NOT MEDIA FOLKS

From that same Vikings-Saints game came another issue. The final call heard on KFAN in Minneapolis by the voice of the Vikings, Paul Allen.

Nobody expected the Vikings to walk off the field with a victory on the final play. It was something that had never happened during the course of NFL playoff history. So when Stefon Diggs took a Case Keenum pass 61 yards into the end zone to send the Vikings past the Saints and into the NFC title game versus the Philadelphia Eagles, the entire broadcast team got caught up in the moment.

If you were listening to the final play and judging the execution of Allen and Vikings color analyst Pete Bercich by normal broadcasting standards, you’d probably tear it to shreds. It was not the way broadcasting schools instruct you to call a play. In fact, Bercich stepped all over Allen and the excitement felt by both men contributed to them becoming fans with microphones for a few minutes.

But here’s the thing about local sports that makes it different. A local team’s broadcast crew is there to be the eyes and ears of the fan who isn’t. They’re invested in the team’s success and they live the highs and convey the lows of each developing situation. In Allen’s case he’s called Vikings games for 16 seasons. Bercich on the other hand has spent 11 years in the booth after spending years wearing the purple as a player and coach. Given the team’s track record of being on the wrong side of history, what Allen and Bercich experienced Sunday was unfamiliar and they let their true emotions pour onto the radio airwaves.

Depending on your preference for a sports broadcast, you may have hated the final radio call of the Vikings game, or played it ten times. My guess is that many who didn’t like the execution, are probably not living in Minneapolis or rooting for the Vikings.

Whether you enjoyed the call or not, I think it’s important to remember that the real art of broadcasting a game is having the ability to paint a picture with words and let the audience feel and hear the moment in its purest form. Maybe it wasn’t what the radio gods would have preferred or executed the way broadcast trainers have taught it but it was exactly what Minnesota sports fans needed during that moment in time. Taking that into account, Allen and Bercich increased their hero status with Vikings fans this past Sunday.

WOULDN’T BARSTOOL SPORTS HAVE MADE SENSE FOR TERRESTRIAL RADIO?

On Wednesday, Barstool Sports launches a 24-hour radio channel on SiriusXM. To sports radio traditionalists that might not mean much. After all, there are many channels on SiriusXM, so who cares about another one right?

Well, you may want to pay attention. Barstool has built an army of fans. They’ve also earned their fair share of critics. The company’s content isn’t for everyone, but for those who do enjoy it, they are rabid, loyal and invested in the company’s success. Given the company’s impact online and on social, they’re throwing punches with the heavyweights and proving they’re a force to be reckoned with. They’ve also struck a chord with younger fans, an audience which terrestrial radio has a tougher time reaching.

For the past two decades, the national sports radio space has been dominated by ESPN and FOX. Others such as CBS, NBC and SB Nation have operated networks too, but they’re far behind the top two networks. One could easily make the case that SiriusXM has created much more buzz and interest in its national programming than those other brands, despite not being on terrestrial channels and requiring a fee to listen.

What’s interesting to me about this partnership is why a brand like Barstool was not pursued more aggressively and given a bigger national platform by one of those terrestrial networks. One would assume the Barstool brand and personalities working for the company would have created a lot more interest. A few sources I spoke to mentioned that Barstool’s use of foul language and the negative press received over the years provided some concern. I get that they’re not squeaky clean but if the ultimate goal is to increase ratings, revenue and brand relevance, then just as ESPN figured out how to create a TV show with the company, I’m sure the same could have been done by a terrestrial radio partner.

What I find ironic is that some of the issues that concerned traditional broadcasters about Barstool were the same ones they embraced when giving Howard Stern a larger platform a few decades earlier. All Stern did for them was produce big ratings and revenue, despite creating edgy content and negative headlines.

It’s also interesting that SiriusXM is the company which took the plunge. That would be the same group which was smart enough to recognize Stern’s power and lure him away to satellite radio thus building a thriving company in the process. That left a moon sized crater in morning drive on FM radio stations and now SiriusXM is taking a page out of the same playbook by pledging their support to Dave Portnoy’s band of misfits.

I believe that Barstool will help Sirius increase subscribers but I can’t imagine the company having a Stern like effect on business. However, if they produce even a tenth or twentieth of the impact that Stern did, that would be a huge victory for the suits at SiriusXM. That leaves me to wonder, why wasn’t that enough to excite even one terrestrial radio group?

FACEBOOK SENDS THE MEDIA INDUSTRY BACK TO PANIC STATION

Last week’s announcement from Facebook co-founder Mark Zuckerberg that the world’s largest social media platform would soon begin favoring posts from friends and family and decreasing the material you see from media outlets, has created a tidal wave of concern among broadcasters. As many inside offices throw darts at the Facebook czar’s image and offer four-letter expletives to describe how they feel about his recent decision, that won’t change the fact that Facebook is adjusting its strategy and execution.

Although the impact has yet to be seen or felt, many media brands anticipate being forced to spend more money to have their content reach audiences which use Facebook for daily reading and conversation. The social company feels its platform has become a playground for fake news, even contributing to the outcome of the prior election. Zuckerberg said Facebook feels a responsibility to make sure its services aren’t just fun to use, but also good for people’s well-being, and he’s willing to accept that people will spend less time on the platform if it means it their time spent on it becomes more valuable.

Take off your business cap for a second and listen closely to what I’m about to tell you. Facebook has ZERO obligation to help your brand create or sustain success. King Zuckerberg didn’t make his fortune by looking out for everyone else’s interests. He did it by building a must-have brand with worldwide appeal and utilized it to increase his own company’s worth and bottom line.

We forget that our brands have little control over the audience developed on Facebook. We use our airwaves, email newsletters, text alerts, billboards, live events and marketing campaigns to promote our product’s benefits and remind the audience of how they can learn more by following us on Facebook, but lose sight of the fact that while we may be able to target our content to specific audiences on the platform, those people actually belong to Facebook, not us.

Some will say that it feels like a one-sided relationship. There’s some truth to that. But, the reality is that Facebook has the audience that our brands need to drive ratings, web traffic, increase brand awareness, attend events, and support advertisers. You can label them as evil, but they’re a necessary evil.

In sports radio, we often preach about the importance of staying fresh, relevant and ahead of the curve. That’s what Facebook is doing. We may not like it because we’ve become creatures of comfort with a preference to continue with ‘business as usual’, but the reason they’ve become a global entity is because they continue to take risks, evolve, lead the charge and react when necessary.

It reminds me of that scene in Moneyball when the scouts are all in the room telling Billy Beane (Brad Pitt) that the problem they need to solve is finding a way to replace Giambi, Damon and Isringhausen who are leaving via free agency. Beane counters that they’re not looking at the big picture which shows that the A’s are a low budget team faced with a competitive disadvantage and unless they reinvent their approach they’ll wind up in the exact same position in the future.

I cautioned folks 10 months ago about a lack of social activity and why being invisible to our most passionate fans was a bad recipe. “Social Media” is meant to be a form of communication where two sides engage in dialogue. It’s not meant to be a place where brands push content at engaged audiences who express their points of view about the material they’re receiving only to not even earn a response from the brand which created it.

Ironically, that’s what radio, television and print have done to audiences for decades. Some of that approach is warranted, but building a relationship with an audience requires time, effort, interest and forming a personal relationship. To expect three industries to execute differently when the way they know is different than how social companies think and operate is asking a lot. Except these social groups are making the rules now. Not traditional media.

It’s too late to blame ourselves for breathing too much life into Facebook. My fear is that some groups will take this news and run now towards Twitter, Instagram and Snapchat, assuming they’ll solve the problem. But, they won’t. They reach smaller audiences and want the same thing that Zuckerberg has. If you think they won’t do to your brand what Facebook has, you’re extremely naive. These platforms are led by sharks who want to use their access to the audience and their personal information to take a much bigger bite out of your corporate bank account. It’s that simple.

Allow me to leave you with six takeaways which I hope will serve you well going forward.

  1. Educate yourself on Facebook’s adjustments to best take advantage of reaching your audience
  2. Further invest in additional ways to gain more access and control of your audience’s information
  3. Develop a plan for engaging more with your fans on social media and analyze what is/isn’t working
  4. Create a brand that’s so important/successful that you too can make major changes and not miss a beat
  5. Understand that the rules will continue to change in social spaces and you either adapt or risk extinction
  6. Stay alert, informed and open minded about emerging social channels which may look to challenge Facebook