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Ramsey Solutions’ Lesson on Legacy

No company walks the legacy-planning journey like Ramsey Solutions, the company led by financial talk-show host Dave Ramsey.

Rick Schultz

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A photo of Dave Ramsey
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Investing in your people is the surest way to ensure your brand’s legacy.

Securing the next generation of leaders is not simply a crucial step for healthy corporate succession in business or media. It is a crucial process for any media company’s long-term growth, stability, and future.

No company walks the legacy-planning journey like Ramsey Solutions, the company led by financial talk-show host Dave Ramsey. In fact, one of Ramsey’s lesser-known yet highly influential books, “The Legacy Journey,” teaches individuals to think financially past today and build something lasting for the future.

And in terms of building a legacy of financial media, Ramsey has always had an eye on the future.

Take, for example, talented host Anthony O’Neal, who for years with Ramsey Solutions helped spearhead the company’s effort to help college students emerge from school without burdensome student loans. With Ramsey’s leadership, O’Neal went into communities to share the truth about the predatory student loan industry, educating and imploring students and families that there are alternatives to the traditional model involving the financial handcuffs of college loans.

O’Neal, a black American, helped Ramsey extend his reach to a more diverse audience, one that was also younger and more rooted in popular culture. For O’Neal, it was a chance to speak to audiences across the country, both in person, through books, and on Ramsey’s nationally-syndicated radio program. A true win-win until O’Neal left Ramsey Solutions late last year to continue building his platform on his own.

Contrary to first thought, however, the change was welcomed and perhaps planned for by both parties. No drama and no hard feelings, at least publicly.

Across the media industry, grooming the next generation of leaders is more difficult than ever before. And it’s not unique to Ramsey and O’Neal. It holds true for on-air talent, to production crews, to the editorial staff, and the corporate boardroom. In all cases, a proactive approach helps develop the next batch of professionals to grow a brand or sprout the branches of a company’s ministry into the future.

“A lot of these pathways into becoming the Program Director or the brand manager just don’t exist anymore,” said Jeff Sottolano of Audacy at the recent Barrett Sports Media Summit in New York City. “The college internship, the Promotions Director, the APD in some instances. We’ve made very specific and intentional investments in restoring some of those positions and making sure we’ve got a pathway inside of our organization to grow and develop the next major-market brand manager, maybe in a secondary role in another market.”

So it becomes a two-part framework – invest into your future stars and, if necessary, help them spread their wings and fly. For O’Neal, the timing of his move was a welcomed one, both for himself and the Ramsey organization.

“Me and Dave recognized that my brand was going in a different direction than what we saw it was going while I was at Ramsey. And so we both just agreed that it’s time for you to just step out on your own,” O’Neal said on the Nicky and Moose YouTube show last month. “It was such a smooth transition to where this guy was so into it. He said we love you; we want to support the route that you’re going when it comes to really serving that market that you want to go after. And it wasn’t like this was a better situation, or this was a bad situation. It was like, hey Anthony, go do your thing. I said yeah, I’m going to go do my thing. It’s so funny, because when people see people separate, they automatically think it’s drama. And I’m like, no, there’s no drama there. That was a season. I’m a Christian man, and God just shifted the season.”

And when it comes to investing in future leaders, Dave Ramsey puts his money where his mouth is, often without much fanfare.

“Because I honor Dave, because I honor that place, I’m going to love that place. Dave was one hundred percent supportive of it,” O’Neal said. “I’m going to be real with you all. He even gave me some money to go out. It was like a church plan; we’re gonna go allow Anthony to do what he was called to do.”

But that’s not to say it’s been all rainbows and lollipops for Ramsey when team members have departed. Over the years, there have been others who, through their actions or the company’s philosophical approach, left under much less amicable circumstances. Sometimes it just isn’t the right fit any longer. Sometimes the investment doesn’t pan out for either side. And sometimes, as Ramsey’s “Entreleadership” hosts have said over the years, the loving and caring thing to do is to push a team member to their next challenge, recognizing that their success is limited, or has ended, in your organization.

Many listeners and industry insiders might be shocked at Ramsey’s approach to help grow and build an on-air personality’s brand, only to help him take off on his own. But that may be one of the true secrets to the company’s success – truly investing in people who will give their all to your brand and spread your message. There is an integrity to the approach, which helps attract the best and help them fulfill their potential, both for your organization and, ultimately, for themself.

But it starts with the right person, with the right attitude. And with Ramsey, O’Neal was the right fit. A person of integrity who had the qualities any successful team would desire.

“First and foremost, you want self-starters. Anybody that sits across my desk talking with me about a job, the first thing I say is, you better believe in you before you ask me to,” said Don Martin of Fox Sports Radio during the Summit, while talking about grooming the next generation of media executives. “I mean, bring the game. If you walk into that room and you don’t have passion for this game, and you don’t have enthusiasm, then don’t come in the door. At the end of the day, it’s not up to us to make them care and make them want. We want hungry people. We need young people, and as society life has changed.”

For Ramsey, O’Neal embodied those attributes – a ceaseless passion that connected with a new, younger, and more diverse audience. O’Neal’s addition brought years of energy to the network, a benefit to both the organization and the talent. Dave Ramsey and his leadership team presumably saw what they lacked and sought out a professional who could fill in a weak spot. Their self-awareness and humility allowed them to chart the path toward company growth, seeing an addition rather than a threat.

“Your team needs to have someone on it that can replace you,” Sottolano said about running a sports media organization. “We’ve got to be more judicious about, when we have those spots, whether it’s the late-night host in terms of talent development, or its in the programming ranks, we’ve got to be invested in people that demonstrate potential. And not be afraid of someone who’s going to challenge us in that seat. I’m not afraid of somebody challenging me in my seat. That makes me better, that makes me better, that makes the organization better.”

And when this is your approach, you cultivate not only strong, talented leaders and talent for your team but also raving fans and advocates of your mission and brand. These people emerged from inside your four walls and can’t wait to share the truth about your wonderful company culture.

“I am so grateful. So grateful to the team behind the camera, to the team in this building, to Dave Ramsey, to the board, the leadership, to every single person who has poured into me and loved me, and truly shaped me into who I am, even as I leave this season and enter the next season,” said fellow Ramsey personality, Christy Wright, who joined the company in 2009, and announced earlier this year that she, too, was stepping out on her own. “The gifts and skills that I’ve cultivated in this place are unbelievable, more than anything that I could ever ask or imagine. I’ve learned from the best of the best.”

That is the power of a brand that does what it preaches. That is the power of legacy.
For Anthony O’Neal, for Christy Wright, and for Dave Ramsey.

And also for media organizations who care enough about their team and their audience to build the next generation of voices and leaders while living their mission today.

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King Charles Already Facing Headwinds After One Episode at CNN

If viewers are coming to watch King Charles in the first place, they want to hear from Barkley first and the most. This show is not a democracy for multiple voices.

Jessie Karangu

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A photo of Charles Barkley and Gayle King
(PHOTO: KEVIN MAZUR/GETTY FOR TNT)

Gayle King and Charles Barkley joined a long list of personalities on Wednesday who’ve tried their hand at hosting a cable news show, King Charles.

The previous cast of characters at CNN in particular have included comedians as famous as D.L. Hughley and Bill Maher, history makers like Connie Chung, tech executives such as Campbell Brown, and even a former governor – Eliot Spitzer – who was forced to resign in shame.

CNN, unlike MSNBC and Fox News, doesn’t have the privilege of choosing political sides for ratings because of the gravitas their name exudes in the journalism world. Bringing on famous figures in pop culture to give their take on the headlines seems like a natural solution to competing with idealogues on opposing networks. Unfortunately for CNN, though, it’s a solution that never seems to work – including this time around.

The debut episode of King Charles began with a Man-on-the-Street segment featuring King and Barkley asking random folks walking around New York about today’s politicians, Joe Biden’s age, and Taylor Swift and Beyonce. The segment also showcased the duo’s newfound chemistry and announced the upcoming guests over the next hour similar to a late-night comedy show.

It was a great way to bring the audience in. Viewers got to see an intro that is uncommon in the cable news world, they got to hear the opinions of people who are just like themselves, and it showed the quality production value this show is bringing to the table from the jump.

As viewers got to the set, it was obvious CNN put a lot of time and effort into making this program a success. The wardrobe of the talent, the studio design, and the color scheme were extremely polished. The guest list of this show for the first episode on cable news was also very impressive. Fat Joe, Steve Kerr, and Van Lathan may not be A-list celebrities, but they each bring a respective following that is different from the type of guests that normally populate CNN and its rivals.

One of the first problems this show faces is that despite its name, there isn’t much King and there isn’t much Charles. King moderates panels that have a lot of interesting things to say while Barkley utters a comment or two on the side. It’s almost as if it’s forgotten that Barkley is a key force in bringing this show to fruition in the first place.

The guests that were part of these panels had a lot of interesting perspectives to give. Lathan brought some humor to a discussion about George Santos when he discussed his love for the Congressman’s high jinks. CNN primetime host Laura Coates also joined the show for two segments and provided much-needed legal expertise during a conversation about Young Thug’s ongoing trial in Georgia.

While the discourse was good, Barkley is one of the most boisterous personalities television has ever seen. America has tuned into his antics for decades whether they agree with what he’s saying or not. LIV Golf almost paid him hundreds of millions just to get his opinions on a random golf tournament every week. If viewers are coming to watch King Charles in the first place, they want to hear from Barkley first and the most. This show is not a democracy for multiple voices.

King and Barkley have been fixtures of American pop culture for decades. Their presence on any platform holds a lot of weight. King’s tenure at CBS has helped make their morning show more relevant than it ever was before and more competitive ratings-wise. Barkley has set a standard for the art of analyzing sports on television in a way that even John Madden couldn’t.

The first 20 minutes of the show need to be focused on them and their viewpoints. Because of King’s role at CBS, viewers won’t be able to get many opinions out of her, but at the very least there is some journalistic perspective she can provide or perspective from her decades as a celebrity and Oprah’s best friend. This should be the Black version of Live with Kelly and Mark. King and Barkley can talk about their weeks, their lives, and their families and run down the various headlines that are having the most impact on society in an unscripted format.

The show also needs to be live. If they want to film some interviews outside of their timeslot to air later in the show to accommodate an important guest, that’s fine. But the beauty of watching Barkley on television is that it is live and you never know what to expect or what’s going to come out of his mouth. When you take that aspect of excitement away from a program like this, it just seems like one of those celebrity podcasts that no one asked for and ends up getting canceled after a year or less.

In today’s climate, if you’re hosting a show, especially a weekly show, there’s gotta be some type of headline that comes out of that show. There has to be something that forces viewers to adjust their schedules to want to tune in because many viewers’ habits are already established in the first place. A talk show like King Charles — discussing pop culture in the middle of primetime competing with live sporting events, The Golden Bachelor, or a reality show based on Squid Game — is going to have a hard time surviving.

CNN has established itself as the straight news alternative with up-to-the-minute analysis involving the latest breaking politics and world event headlines. Viewers have already told CNN that’s what they like about the network particularly in primetime. It may not be as highly rated as MSNBC and Fox’s lineups but it is much more advertiser-friendly than Jesse Watters or Rachel Maddow.

During times of volatility like the upcoming election, and the wars in Ukraine and Israel, CNN’s ratings tend to bump up higher and occasionally beat MSNBC and other entertainment networks. Interrupting that flow of news in primetime when it has been difficult for CNN to keep a primetime lineup intact for years won’t help matters at the network at all. Continuity matters to viewers.

CNN makes enough revenue and has enough of a positive reputation that becoming a major contender in primetime should no longer be a main focus. As long as the network doesn’t flounder as it has in the past, maintaining 500,000 viewers a night and peaking in the millions during major breaking news stories is something their parent company should be proud of. It is much easier to sell to advertisers than an opinionist who has the potential to explode your company’s stock every night depending on what they say.

Is there space for King Charles on CNN? Yes. Around 5 PM ET, another cable news network across the dial leaves their newscasts and opinion programming to the side for a panel show that is the highest-rated telecast on cable news. The panel discusses political headlines but also delves into pop culture and trending topics you would read about on X/Twitter.

CNN should move King Charles to Wednesdays at 5 PM ET to directly compete with The Five and provide perspectives about the world from two individuals who aren’t tied to a specific political party and have way more pull socially than all of The Five’s hosts combined. Create a happy hour type of environment on air where King and Barkley aren’t held to rigid restrictions, truly get to be themselves, and serve an audience around that hour that is more receptive to talk and discussion given the other shows that air during daytime hours on the big broadcast networks.

CNN also needs to dedicate more resources to promoting the duo. A replay of King Charles should air after Inside the NBA every week so that his fans are aware of another platform Barkley participates in. The show should have a social media presence of its own.

A sneak preview of the show should be promoted each week on both CBS Mornings and Inside the NBA. The duo should go on a press tour across various shows, podcasts, TikToks, blogs, and everything in between to gin up interest in the broadcast.

CNN should also use one of its sister networks – HLN, truTV, or even OWN – to boost the reach of this show given the figureheads that star on the show and the potpourri of topics that are discussed that don’t necessarily have to do with breaking news and politics that normally fill CNN’s airwaves. A boost in viewership could bring in a different type of advertiser and more profits. Barkley is already a showman for other products and could easily be utilized in commercials that air during the show.

CNN already implements a similar simulcast strategy with CNN This Morning by airing the show on HLN. CNN’s sister network brings in an extra 70-100,000 viewers every morning and at times, it is the highest-rated program of the day for HLN. WBD also utilizes the strategy often when they’re broadcasting the Final Four and it has helped college basketball’s national championship become one of the highest-rated sporting events of the year even when it is exclusively on cable.

King Charles has a lot of potential but it is already on a short lease. Variety reports that CNN is looking at the show as a “limited-run series.” Its first episode drew 486,000 viewers, according to Washington Post’s Jeremy Barr. Two weeks prior, the show it replaced known as Newsnight drew 525,000. There is potential to make a statement and stand out amongst everyone else in cable news but only if CNN will let the show and its hosts fully breathe.

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The Road to Radio Stardom Has Changed For the Better

The landscape in the industry is changing even faster than many of us realize on a day-to-day basis.

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Photo by Alan Levine CC BY 2.0.

The old adage in radio was to start in the smallest market you could get a job in and then keep working your way up the ladder and end up in the biggest market you could reach. However, that model, while still having a purpose, is in large part not as linear as it once was.

The era of social media, digital media, and work-from-anywhere has dramatically changed the way we view personalities.

For years, we assumed someone in a Top 5 market was obviously more talented than someone in market No. 25. While that is still likely true, in large part, it’s far from that black and white. Having worked in small markets like Woodward, Oklahoma, to then the No. 1 market, New York City, to now Kansas City, I can say there are incredibly talented broadcasters in markets well outside the Top 100, and there are some really mediocre broadcasters in the No. 1 market.

And with the way the world has shrunk, courtesy of technology, it doesn’t require one to necessarily make that leap to a market to simply increase a broadcaster’s exposure to then (hopefully) land that bigger and better job. 

Now, thanks to all the various social media platforms that broadcasters need to reside on, broadcasters can develop enormous followings and garner regional and national attention without having to “prove” themselves in a Top 5 or 10 market.

This is a win for broadcasters. None of this is about settling or resting on your laurels, but it means you can become a national personality from nearly any market in America today. It’s not just New York and Los Angeles. And the examples are all over the country. 

Clay Travis from Nashville. Dana Loesch from St. Louis. Steve Deace from Des Moines. I could continue with a list of really talented people, but you get the point.

Social media, for all its pitfalls, has allowed local and regional broadcasters to build larger followings beyond their cities and parlay those into larger opportunities. And they’re able to do it without living a NOMAD lifestyle.

That being said, that’s not judging anyone who wants to live it. I’ve made 3-4 major moves in the last 10-12 years. We all typically do it to some degree. New places bring new challenges and opportunities and larger markets typically bring larger paychecks. 

But the broader point is that we can be pickier on our next move if one even makes sense. That doesn’t mean that jumping five to ten market sizes isn’t the right move, it may be. But it no longer has to be, because you need the exposure in the larger market to keep working up the ladder to then land in a major market to make the most money possible.

Broadcasters can now generate revenue away from just their salaries and bonuses via exclusive online membership opportunities, digital footprints not connected to the radio station, influencer routes on social media and several other creative ways to create multiple revenue streams, which would be wise in the current climate, anyway.

Ultimately, the landscape in the radio industry is changing even faster than many of us realize on a day-to-day basis, and there are creative paths and advantages to today’s climate that can be taken advantage of, if personalities play their hand right.

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3 Tips on How to Get Station and Market Research Without the Whopping Budgets

Many of us have not seen research in a while. I am going to give you some poor man tips for getting the pulse of your community. 

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No research budget? No problem! Ok, many of us have not seen research in a while. I am going to give you some poor man tips for getting the pulse of your community. 

These are tried and true methods that I have been using my entire programming career.  Disclaimer: getting great unbiased research is a tremendous tool to strengthen your station or show. I have learned a few tricks that may help you assess your community and audience. 

Use Your Station’s Database for a Small Survey

Usually, you must hold the carrot of winning a couple of hundred bucks for a participant.  There are many advantages to this method. You are likely to have P1s who love your product and have a commitment to the station. Talk about cool! 

Building the questions is the tough part. You don’t want to ask leading questions that mirror your thoughts or the attitudes of the audience. I like open-ended questions. I would also like to know about the participants’ demographics. 

For whatever reason, my station’s database is different than the actual listeners to a news/talk station. You may find your database like mine: 70% women. Of those women, a large portion are in their 20s and 30s. Sadly, this is not your audience. You will need to willow them out as you compile the information. 

The questions need to be about the audience, not about your station.

-What are your people doing for fun?
-Do they like to travel?
-How long is their commute?
-Do they have kids?
-Are they married?
-Are they happy with their school district? 
-What is their biggest concern? 

People love to talk about themselves. Let them do it and then sprinkle in questions about the station. 

-Are there enough traffic reports?
-Have you ever called a show?
-How was your interaction with the host or producer?
-What is your favorite restaurant?
-How much time do you watch sports each week? 

You certainly can add many questions like this.  Knowing your audience allows you to reflect on their lives, concerns, and interests. 

Be A Spy

I love doing this one at lunch. Pull into a restaurant that appeals to businesspeople in your area. Get a table near a large group and start writing down the conversation.

Are they griping about the boss? What are their concerns? Do they tease each other? How much do they speak about their significant other? Are they discussing something they read, heard, or watched? 

Just write down their conversations. I have taken this information and crafted promos and liners around it. It is a small sample size, but if the group is in your target for the station, you can learn a lot of good stuff. This just costs the price of lunch and a beverage. DIY at its finest. 

Quick On-the-Street Surveys 

This is another way to get a pulse on the community. Does your town have an event geared to the community? Go out with a producer, a salesperson, and give three quick questions. You need to guess the age of the participant. Ask for their ZIP code. this is to determine whether they live in your area. 

Then three quick questions. I like to use multiple choice. 
-How frustrating is the traffic?  1 to 5 with 5 meaning very agonizing.
-Your biggest concern: Crime, Taxes, Money, or family? 
-How long have you lived in your home?  These are quick questions to give you a pulse on your neighbors’ concerns. 

None of these are as good as a solid perceptual. I have read a lot of research, and the conclusions are the biggest concern. Years ago, I worked for a company that did several perceptuals. I was asked to read them by my format captain, who was new on the job. I read them carefully over the weekend and typed up a short report. The conclusions were completely different than the data. 

I am sure that if you have the opportunity to do a research project on your station, you will want to know the unvarnished truth. If you are in the enviable position of interviewing the companies that do research, you need to know the following things:
-Are the conclusions what I want to read or need to see?
-How is the best way to assess the data provided?
-Will the data allow me to develop an action plan to grow my ratings? 

If you want research to confirm your preconceived thoughts, skip the expense. If you want to maximize your return, learn how to critically read the data. 

What is your action plan following the study? There should be a clear path to allow you to identify vulnerabilities, opportunities, and strengths. All of these are equally important. 

Once you know your vulnerabilities, you can strategize to shore up your weaknesses. Once you know your opportunities, you can address them and create another path for your brand to succeed. Knowing and perhaps confirming your strengths allows you to use these as a base point for your brand’s continuing success. 

Don’t mess up good research. These are wonderful windows on your station and community.  They are key to helping you create a listener-focused experience that will support your station for years to come. 

Don’t be frightened to have some of your personal conclusions destroyed. Is this about your ego or is it about your team, station, and market? 

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