Cumulus Bankruptcy Jitters

INSIDE …

  • The consumer press is all over a Cumulus bankruptcy – what is spooking them to go public with this.
  • Is Cumulus on the brink of collapse?  Yes or no, a simple, honest answer.
  • Will it be a drawn-out affair or a quick ending?
  • How a Cumulus bankruptcy will be different than an iHeart bankruptcy.
  • What about Mary Berner and senior management now taking bonuses quarterly instead of yearly – what’s that all about?
  • Believe it or not, too little debt is almost a bigger problem than too much – here’s why.
  • Sorry to break it you but bankruptcy is not Cumulus’ biggest problem.  Do you know what it is?  Do THEY?

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Suddenly Westwood One

INSIDE …

  • Suddenly Westwood One is attractive again and there are two damn fools ready to go to the mat for it.
  • Maybe three if Cumulus decides to keep it – but will they?
  • Actually, Westwood One has something even iHeart’s Premiere Radio Networks doesn’t have – no, not old people doing syndicated shows – something better than that.
  • No matter what, there is one thing Cumulus is not letting onto about Westwood One.

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Sam Zell & David Field

INSIDE …

  • Talk about an odd couple, yet …
  • David Field has a plan to de-lever the $1.7 billion CBS merger and here are a few stations that are most vulnerable.
  • Study the recent and massive CBS firings and you pick up this very disturbing trend that cannot be ignored.
  • Field is playing it coy but if he acts on these rumblings, it will be bigger news than the CBS merger in the first place.
  • We know that there are some CBS stations David Field will absolutely not give up.  BUT, they are not the ones everyone thinks.

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iHeart Sales Massacre Underway

INSIDE …

  • Major shake-up unlike any previous iHeart reductions.
  • 8 sellers axed in one market alone yesterday, more coming. Here’s where.
  • And, you want to be the AEs fired because here’s what the poor suckers remaining are going to have to do now to sell ads.
  • Survivors divided into 2 new categories – one not worth being in.
  • How entire commercial stop sets are being taken away from AEs.
  • How local sales survivors’ worst nightmares are coming true – new rules, new restrictions, new pay.
  • How commissions and benefits are being affected.
  • These two other radio groups – let’s just out them here – figure to be next in following iHeart’s draconian sales moves.  Fair warning.

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Weezie vs. Sleazy

INSIDE …

  • Will Scott Herman survive the merger.
  • Will Weezie Kramer retire as COO of Entercom once the merger closes.
  • Who is going to help oversee all the additional CBS stations when Entercom takes over.
  • How badly is CBS programming being dumbed down.
  • Who will be the next to go – on air and off-air before the merger.
  • Documented banana republic programming screw-ups on once iconic top CBS Radio stations.

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Entercom Already Running CBS Radio

INSIDE …

  • How CBS is in cahoots with Entercom ahead of the merger closing.
  • What they plan to do between now and merger approval without waiting.
  • Why the urgency – the merger is on track by year’s end. What’s gone wrong
  • Where Entercom wants the RIFs right now.
  • Who is safe from the joint CBS/Entercom firings – yes, there is one safe job and it is surely not market manager.
  • When will these illegal layoffs stop.
  • Plus, how CBS is trying to cover up major firings even this week – 5 RIFs in one major market alone and more to come.
  • Details on how they made unsuspecting employees feel like their jobs were safe just hours before they were fired because CBS needed them for something.
  • What about lifelong CBS employees?

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The Hostile Takeover of Cumulus

INSIDE …

  • Who would want to do a hostile takeover of Cumulus?
  • How does Cumulus protect itself – how exactly does that work? Or does it?
  • How will this affect the Cumulus plan to file a pre-pack bankruptcy?
  • More importantly – which bidders is the Cumulus board afraid of?
  • Who are the suspects – the radio groups, individuals and money people more likely to want to steal Cumulus.
  • Companies like this that like to buy broken companies.
  • The radio group that must have Cumulus to grow – are they the hostile takeover threat.
  • Here’s the buyer I’m putting my bet on. I could be wrong but I doubt it.

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