Biz Radio Network
Encyclopedia
The Biz Radio Network is a small, privately held network consisting of three AM radio stations, as well as Internet streaming via iTunes distribution. The network is headquartered in Houston, Texas.
, and from their own website, BizRadio.com. A November 2009 Houston Chronicle article states that it also is heard in Denver and Colorado Springs.
The network features news and analysis, with an emphasis on personal finance, though business subjects are also covered, under the tagline "The Sound of Your Money Growing".
The network states that its demographics consist of 61% men and 39% women, with nearly half (48%) in the over-55 category, 43% with college degrees and 33% with a higher degree, and over 2/3 with net income exceeding $50,000. 30% of the audience has networths of $1 million or more, with incomes around three times the average income in its broadcast cities.
The network provides original market insights and analysis, and an opportunity for the audience to get to know many of the most famous Wall Street figures of this generation. The most popular program is the weekly offering, GENIUS MEETS STREETSMARTS, starring finance icon, Arthur Laffer
and Daniel Frishberg, who also hosts The MoneyMan Report. The network caters to individuals (who are referred to by the network as "The Union of People Who Use Their Brains To Get A Better Deal") with high degrees of income, who spend on luxury items yet desire to maintain their "nest egg" by spending their money wisely. The key to the network's success is the very large stable of Wall Street celebrities, who frequent the programming.
The program director is network co-founder Elisea Frishberg, author of HOW IMPACT MARKETING CAN MAKE YOU RICH.
LIFESTYLES UNLIMITED, a show starring real estate mogul and media personality, Del Walsmsley, THE RAY LUCIA SHOW, and THE MONEYMAN REPORT, with CNBC regular, Dan Frishberg
, are among the most downloaded finance programs in the world.
Management says they have never sought high ratings, but have gone for quality, and for information most entertaining and useful to the network's small but affluent audience, which represents a tiny fraction of the population in the listening areas, but controls the lion's share of the money. The Houston Chronicle
wrote of the network's flagship station AM 1110 Houston, "Though tiny in numbers, there are more people with advanced degrees, million dollar networths, $50,000 cars, million dollar homes, and decision making jobs listening to BizRadio than the whole rest of the radio dial combined.
BizRadio lost $1.6 Million between January and August 2009, though performance has since improved considerably with injection of capital from several media partners. BizRadio programs are now increasingly airing through syndication on business stations around the country.
Washington, D.C., March 25, 2011 — The Securities and Exchange Commission today charged Houston-area businessman Daniel Frishberg with fraudulent conduct in connection with promissory note offerings made to clients of his investment advisory firm.
http://www.sec.gov/news/press/2011/2011-72.htm
Overview
The AM radio network consists of three stations, the newest being AM 1130 San Antonio. However, a much larger audience listens online, and by downloaded podcast from ITunesITunes
iTunes is a media player computer program, used for playing, downloading, and organizing digital music and video files on desktop computers. It can also manage contents on iPod, iPhone, iPod Touch and iPad....
, and from their own website, BizRadio.com. A November 2009 Houston Chronicle article states that it also is heard in Denver and Colorado Springs.
The network features news and analysis, with an emphasis on personal finance, though business subjects are also covered, under the tagline "The Sound of Your Money Growing".
The network states that its demographics consist of 61% men and 39% women, with nearly half (48%) in the over-55 category, 43% with college degrees and 33% with a higher degree, and over 2/3 with net income exceeding $50,000. 30% of the audience has networths of $1 million or more, with incomes around three times the average income in its broadcast cities.
The network provides original market insights and analysis, and an opportunity for the audience to get to know many of the most famous Wall Street figures of this generation. The most popular program is the weekly offering, GENIUS MEETS STREETSMARTS, starring finance icon, Arthur Laffer
Arthur Laffer
Arthur Betz Laffer is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board . Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will...
and Daniel Frishberg, who also hosts The MoneyMan Report. The network caters to individuals (who are referred to by the network as "The Union of People Who Use Their Brains To Get A Better Deal") with high degrees of income, who spend on luxury items yet desire to maintain their "nest egg" by spending their money wisely. The key to the network's success is the very large stable of Wall Street celebrities, who frequent the programming.
The program director is network co-founder Elisea Frishberg, author of HOW IMPACT MARKETING CAN MAKE YOU RICH.
LIFESTYLES UNLIMITED, a show starring real estate mogul and media personality, Del Walsmsley, THE RAY LUCIA SHOW, and THE MONEYMAN REPORT, with CNBC regular, Dan Frishberg
Dan Frishberg
Daniel Frishberg is an American businessman, author and podcast host. His podcast program, The MoneyMan Report, which features Frishberg’s market insights and analysis, and features national financial commentators.- Early life :...
, are among the most downloaded finance programs in the world.
Management says they have never sought high ratings, but have gone for quality, and for information most entertaining and useful to the network's small but affluent audience, which represents a tiny fraction of the population in the listening areas, but controls the lion's share of the money. The Houston Chronicle
Houston Chronicle
The Houston Chronicle is the largest daily newspaper in Texas, USA, headquartered in the Houston Chronicle Building in Downtown Houston. , it is the ninth-largest newspaper by circulation in the United States...
wrote of the network's flagship station AM 1110 Houston, "Though tiny in numbers, there are more people with advanced degrees, million dollar networths, $50,000 cars, million dollar homes, and decision making jobs listening to BizRadio than the whole rest of the radio dial combined.
BizRadio lost $1.6 Million between January and August 2009, though performance has since improved considerably with injection of capital from several media partners. BizRadio programs are now increasingly airing through syndication on business stations around the country.
SEC Settlement
In November 2009, the Securities and Exchange Commission alleged that Albert Kaleta and his firm Kaleta Capital Management sold $10 Million promissory notes to investors that would be lent to small businesses at 12 to 14 percent interest. Instead, the SEC alleged, the money was used to prop up the ailing Biz Radio network as well as a related investment advisory firm, Daniel Frischberg Financial Services (DFFS). As a result of these regulatory issues, Kaleta's interest was bought back by the company. Kaleta also is alleged to have used investors money to pay $1.6 Million in personal expenses, including $10,000/monthly credit card bills and a Mercedes. Kaleta denied the allegations of improper use of the monies. These allegations were never proven and were not part of Kaleta's settlement with the SEC. Kaleta signed a consent order neither admitting nor denying wrongdoing, and while the radio network and DFFS were not accused of wrongdoing by the SEC, both the radio network and Frishberg's investment firm will need to repay the investors, as do all other borrowers.Latest Developments
In 2010 there have been new allegations and lawsuits related to station management issues.Washington, D.C., March 25, 2011 — The Securities and Exchange Commission today charged Houston-area businessman Daniel Frishberg with fraudulent conduct in connection with promissory note offerings made to clients of his investment advisory firm.
http://www.sec.gov/news/press/2011/2011-72.htm
Biz Radio Network Stations
- KTEKKTEKKTEK is a radio station serving the Houston, Texas market. Broadcasts on 1110 kHz, this station is under ownership of Salem Communications and is a flagship station of the Biz Radio Network. KTEK broadcasts daily from 6 a.m. to 6 p.m...
, 1110 AM, Houston (2.5 kW) - KTMRKTMRKTMR is a radio station licensed to Converse, Texas serving nearby San Antonio as a GAB Network affiliate. It is currently under ownership of SIGA Broadcasting Corporation....
, 1130 AM, Edna (Victoria) (10 kW)