CBS Doing the “Black Hat” Work For the Dickeys

INSIDE …

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  • Why Cumulus cannot buy CBS as it is today – so these changes are going to be made to make it easier. Inside stuff from a Wall Street analyst who knows.
  • The sale of CBS Radio is being fast-tracked for this specific reason.
  • Why CBS cutbacks and massive layoffs are so ferocious and urgent.
  • What Lew Dickey plans to do if he reaches a deal with CBS.
  • How new CBS Radio President Andre Fernandez plans to close the gap between what his boss, Les Moonves wants for the radio group and what Cumulus can afford to borrow from lenders.

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Cumulus Panics — Can’t Cover Westwood One Firings

INSIDE …

  • What Cumulus is now offering to pay local talent to do the full-time job of fired Westwood part-time talent.
  • How Cumulus forgot to lineup talent to replace the fired Westwood people causing them to scramble now.
  • Why proud Cumulus employees are saying no leaving the Westwood programming in jeopardy for thousands of affiliate stations.
  • The kiss on the lips Mike McVay is promising in order to get local employees to help them out of this mess.
  • The deal – the number of voice tracks that fearful Cumulus employees don’t want to do on top of their “day” job.      
  • The difficult learning curve that will be required for any sucker, I mean, Cumulus talent willing to take this on.
  • How much money Cumulus thought they were saving by firing over 70 Westwood One employees – and now they’re screwed.

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Big Radio Ownership Changes Coming

INSIDE …

  • One radio group is under pressure to expand and it could be a perfect buyer for some of the CBS spinoffs.
  • The three radio groups that will likely benefit most from buying spinoffs from the CBS-Cumulus sale.
  • What business does Cumulus have in their current shaky financial situation buying a group like CBS? Here’s the scenario that would make Lew Dickey and principal owner Jeff Marcus look likes geniuses. Yes, I said genius and Lew Dickey in the same sentence.
  • The company that is not on most people’s radar screen that can come in from left field, buy CBS spinoffs and suddenly be a major player.
  • Scott Herman and Andre Fernandez after a CBS deal gets done.
  • The over/under on whether iHeart could wind up with some former CBS stations.       Details.

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CBS Preparing For Massive Station Sale

INSIDE …

  • The continuing CBS layoff plan that sets up a massive station selloff.
  • Where Cumulus now stands as eventual buyer of CBS stations.
  • Could Hubbard be a buyer to the delight of some CBS employees – details.
  • Why CBS is hell bent to eviscerate its all-news stations and the unlikely model they will be following from another consolidator.
  • The fate of all-news WNEW-FM in Washington – the first news station CBS started and didn’t just inherit from the former Westinghouse.
  • The expiration date on CBS’ attempt to sell the group.
  • Will Scott Herman become the CBS version of Cumulus hatchet man Mike McVay – new news on this front.
  • What CBS Radio will look like in 18 months after merger and acquisitions President Andre Fernandez carries out his plan.
  • Some good news about some CBS radio personalities.

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Herman To Combine Market Managers & DOS

INSIDE …

  • How Scott Herman will decide who goes and who stays – and how fast.
  • In one week on the job, the one thing ex-programmer Herman has done that even Lew Dickey and Bob Pittman dare not to do. Details.
  • Herman’s secret for getting some pretty successful market managers to leave early – and it’s not money.
  • The two sources for more cutbacks that are in Herman’s sights – they’re next.
  • The total number of additional jobs – above the 300 or so fired and/or eliminated so far – that will be eliminated by year’s end (5 months from now).

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