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Stats… Stats… Stats…
Top honors goes to the Joan Osborne/Jackie Greene/Steve Gorman project Trigger Hippy, with the band’s self-titled debut getting 22 adds to be Number One Most Added. The second slot is a tie between Counting Crows and Jenny Lewis, each putting 14 adds on the board. Next is Tom Petty & The HeartbreakersHypnotic Eye, scoring 11 new adds. Finally, Beck and Alt-J tie for the last slot with nine adds each.
            Among the records to consider before you head to the airport and Boulder are “Three Headed Woman” from Boy & Bear, “Scarecrow” by Counting Crows and John Butler Trio with “How Do You Sleep At Night.” The full list of impacting records is always found on the Available For Airplay page of the Triple A format room at FMQB.com.

Boulder Is A Week Away; Changes Abound!
The FMQB Triple A Conference is coming up next week, August 6-9 at the St. Julien Hotel & Spa in Boulder, CO, and your scorecard needs an update.  A scheduling conflict has forced Warpaint off the Thursday Late Night Lounge, but the band will do a special outdoor performance on the Fox Theatre Hill Stage at 7:15 Wednesday night. On Thursday, Nikki Lane has been added at 7:30 p.m. at The Fox, while Bahamas steps in to fill out the Thursday Late Night. Those artists join Alex & Sierra, Andrew McMahon In The Wilderness, Anthony D’Amato, Bear’s Den, Black Prairie, Brother’s Keeper, Charlie Mars, Falls, Father John Misty, FLINTFACE, Jake Bugg, Jeremy Messersmith, John & Jacob, Johnnyswim, Lake Street Dive, Liam Bailey, London Grammar, Lucius, Martin Harley, Nicole Atkins, Panama, Paolo Nutini, Rachael Sage & The Sequins, Ray LaMontagne, Rob Drabkin, Run River North, Ryan Adams, Ryan Corn, Scars On 45, St. Paul & The Broken Bones, Tennis, The Both, The Revivalists, The Wind and The Wave, Train and Zameer.          
Things kick off at 4 p.m. on Wednesday, August 6 with The Keynote Interview featuring Alpha Broadcasting CEO Larry Wilson being interviewed by WTTS/Indianapolis PD Brad Holtz. From there it’s a whirlwind of panels and performances, with thing wrapping up on Saturday morning, August 9 with the Triple A Awards Brunch. In the middle, KXT/Dallas PD Mark Abuzzahab will present the annual Pro.qb Music Meeting on Friday, August 8.
Registration is available at registration.fmqb.com for only $419 through this Thursday, July 31. After that it’s walk-up only. There may still be St. Julien rooms at the special FMQB price of only $219/night by calling (877) 303-0900 and mentioning FMQB. Additional lodging is also available at The Boulderado (boulderado.com), Marriott (marriott.com/hotels/hotel-information/travel/denbo-boulder-marriott), Marriott Courtyard (marriott.com/hotels/travel/denbd-courtyard-boulder) and Best Western Plus Boulder Inn (bestwestern.com). Keep checking FMQB.com for all the updated info.

Triple A News Bites
KFOG/San Francisco is offering a chance for listeners to win a copy of its KFOG New Music Sampler. The CD features some of KFOG's favorite artists. Listeners may register to win until December 31, 2014 at 3:22 PT... WYEP/Pittsburgh will mark the 45th anniversary of the Woodstock Festival throughout the weekend of August 15, ending on Monday, August 18. Beginning Friday, August 15 at 5 p.m., the station will feature some of the great performances by artists such as Richie Havens, Paul Butterfield Blues Band, Sha-Na-Na and Jimi Hendrix. The celebration ends during Monday's Morning Mix... Paul McCartney is set to reissue two Wings albums this fall: 1975's Venus and Mars, and 1976's Wings at the Speed of Sound. Both albums will be available on September 23 as a two-disc set, with one containing the original album and a second with demos and unreleased tracks. Both albums also will be available as a three-disc edition including a DVD containing footage from the time of each release.

SiriusXM Reports Second Quarter 2014 Results
SiriusXM announced second quarter 2014 financial and operating results, including revenue of $1.035 billion, up 10 percent from the second quarter 2013. Net income was $120 million, or $0.02 per diluted share, in the second quarter of 2014.
Adjusted net income climbed 60 percent to $131 million in the second quarter of 2014 from $82 million in the second quarter of 2013. Adjusted EBITDA for the second quarter of 2014 reached a record $370 million, up 31 percent from $283 million in the second quarter of 2013.
"SiriusXM once again posted outstanding results in the second quarter by adding 475,000 total net new subscribers, including 380,000 net new self-pay subscribers. We set new records for trial conversions to self-pay, adjusted EBITDA and adjusted EBITDA margin in the quarter, and we are raising our 2014 guidance for revenue, adjusted EBITDA, and free cash flow," stated Jim Meyer, Chief Executive Officer, SiriusXM.
"Our extraordinary operating performance supported the buyback of over 350 million shares in the quarter, or approximately percent of our outstanding stock. Perhaps more importantly, we improved our superior content by adding even more channels and shows created with major brands and personalities, such as Joel Osteen, NBC's Today Show, and YouTube, and we expanded the range and depth of our commercial-free music programming with the introduction of three new channels in the categories of country, women's pop, and dance," added Meyer. "As the leader in audio entertainment, we never rest in searching for new content that our subscribers will love."

  • Additional financial and operating highlights of the second quarter include:
  • Subscribers Exceed 26.3 Million. Net subscriber additions in the second quarter of 2014 were 475,472. The total paid subscriber base reached a record 26.3 million, up 5 percent from a year earlier.  Self-pay net subscriber additions were 379,711, and the self-pay subscriber base reached a record high of 21.6 million, up 7 percent from the second quarter of 2013. Paid and unpaid trials combined to produce a total trial funnel of 7.3 million at the end of the second quarter of 2014, the largest in our history.
  • Adjusted EBITDA and Adjusted EBITDA Margin Highest Ever. Adjusted EBITDA climbed 31 percent from the second quarter of 2013 to a record quarterly amount of $370 million.  The Company's adjusted EBITDA margin reached a record 35.7 percent in the second quarter of 2014, up approximately 570 basis points from the second quarter of 2013.
  • Free Cash Flow Per Share Climbs 47percent. Free cash flow in the second quarter of 2014 was $335 million, up 42 percent from $237 million in the second quarter of 2013. Free cash flow per diluted share was 5.4 cents in the second quarter of 2014, up 47 percent from 3.7 cents in the second quarter of 2013.

"Since we launched our capital return program in late 2012, we have returned approximately $3.75 billion to stockholders in less than two years," noted David Frear, Chief Financial Officer, SiriusXM.
"On July 15th, our Board of Directors increased our cumulative share repurchase authorization to $6 billion. Total debt-to-adjusted EBITDA at the end of the second quarter 2014 was 3.5 times, and our $1.25 billion revolving credit was undrawn, leaving us ample liquidity to return capital to shareholders and pursue strategic opportunities as they arise," added Frear.

Lady Gaga & Tony Bennett Jazz Album Officially Announced
Lady Gaga and Tony Bennett have been talking about releasing an album of duets for quite some time, and it appears the record of Jazz standards will arrive this fall. According to an announcement made on The Today Show this morning, the album is called Cheek To Cheek, and it will be released September 23, around the same time as a PBSspecial entitled Tony Bennett and Lady Gaga: Cheek to Cheek Live! The special, part of the Great Performances series, was filmed last night in New York City at Lincoln Center.
Additionally, the first single from Cheek To Cheek was released via iTunestoday. It is a cover of "Anything Goes," the title song from the 1934 Cole Porter Broadway musical.
Speaking to Rolling Stone on the red carpet, Gaga said the album is entirely made up of standards. "It's all songs from the great American songbook," she said, "How did we pick the songs, Tony?" Bennett replied, "It's all the great songs of George Gershwin, Cole Porter, Irving Berlin, all the greatest composers. No other country has ever given the rest of the world so many magnificent songs, and they're gonna live forever. Wait 'til you find out when she sings those songs."
"She phrases like I phrase," Bennett added. "She's a wonderful singer. Everybody knows and loves her very much. I think when they hear this album that we're doing, they're going to say, ‘we had no idea that she sings that well.'"

Pandora Reports Increase In Revenue, Net Loss In Q2
Pandora reported its second quarter financial report for 2014, and while its revenue grew during the three-month period, the popular digital music service also reported a greater net loss. Total revenue in the quarter was $218.9 million, a 38 percent increase from a year earlier. Ad revenue grew 39 percent to $177.3 million, while subscription revenue was up 35 percent to $41.6 million. However, Pandora also took a net loss of $11.7 million in Q2.
Pandora reported total listening hours of 5.04 billion in Q2, up 29 percent from Q2 in 2013, with 76.4 million active listeners, a 7.5 percent increase over the same period last year.
“Our better than expected second quarter results demonstrate success and continued business acceleration as a result of our investments in mobile and local advertising. Mobile advertising reached a record 76 percent of total ad revenue and local grew at 144 percent year-over-year,” stated Brian McAndrews Chairman, President and CEO of Pandora. “As a company, we are united by Pandora’s clear sense of purpose to unleash the infinite power of music, and we’re attracting the brightest stars in the advertising, technology and music industries to help drive our business forward."


FMQB NOW

Tommy Chuck, PD
WFLZ/WMTX, Tampa

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