Clear Channel Debt Worse Than Reported

Clear Channel is not telling the whole truth about their mounting debt.

To listen to their fourth quarter revenue results, you would think they have matters under control.

But no – it’s worse than they’re letting on.

And yes – it’s bad news for their employees.

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  1. The five options Clear Channel has left to keep them afloat over the next few years – most of these have not been publicly discussed before now.
  2. The truth serum for claims that the 4% increase in revenue is actually real.
  3. That $16 billion in unpayable debt that we’ve reported is inaccurate – it just went up to this.
  4. Outdoor can save Clear Channel’s bacon, right?
  5. What Clear Channel left out of its 4th quarter numbers that the company called “transformational”.

If you would like to see why Clear Channel’s debt is actually worse than they are reporting, click “read more” below.

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5 Secrets of Radio’s Survival in the Digital Age

Damn! 

No sooner than Billboard decides to include YouTube listening in its chart compilation then one day later a viral video that has been out since last spring becomes the number one popular song overnight.

What happened to radio?

And what’s going to happen to radio if it doesn’t heed the 5 sacred secrets of survival in the digital age.

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  1. Radio’s answer to Pandora, Spotify, iTunes and YouTube.  Unfortunately, they’re not doing it.
  2. Then, the “magic pill” that can transform radio into the digital age.
  3. The one thing not to do on a radio station above and beyond playing the same old hits over and over again if you want to win listeners under 30 years old.
  4. How to take your radio station viral – just like YouTube does.
  5. Why you do not want to be swayed by the one thing that will be the death of music radio.

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Radio’s Dirty Laundry Outted

Failing radio groups like Clear Channel and Cumulus are always saying they use “best practices” to run their companies.

But look what I’ve discovered.

Dirty laundry that they’d rather not have anyone know about.

Which is why, today I’m going to tell you about it.

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  1. Forget the headlines, guess what Cumulus paid an employee they axed within the last few weeks after 20 years of service – and you’ll be surprised to know that it was not nothing.
  2. In which major market did this station’s sales manager go on the air desperately recruiting salespeople. 
  3. Better yet, look at what even Clear Channel would rather not have you know about how it fired an almost 30-year employee.  Why so secret?  Because they may want to try this tactic on you, too.
  4. When is it okay for Clear Channel to whore itself out to, of all competitors, CBS for what’s tantamount to prostitution money.  Names and call letters.
  5. Why Clear Channel doesn’t want anyone to know that it is doing extensive renovations of some radio facilities – Clear Channel Extreme Makeover Radio Edition.  Here’s why.
  6. Clear Channel CEO Bob Pittman is reportedly about to take another haircut in a business deal.  You’re 30 days ahead of it.

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Entercom’s Secret Strategy

Entercom is getting more evil.

Like working on plans to adopt foolish and abusive Clear Channel and Cumulus “worst” practices.

And Entercom employees are not going to like it one bit.

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  1. How Entercom is now acting like Cumulus and Clear Channel – in the words of their own employees.
  2. Why Entercom is using a new talent contract – more for less with an ugly twist.
  3. Harsh multitasking dictates that make it downright impossible to do a good air shift.
  4. How Entercom gets around bonus agreements.
  5. Plus, tricks that Clear Channel and Cumulus would love coming soon to Entercom stations.

If you would like to see Entercom’s secret strategy to be more like Cumulus and Clear Channel, click “read more” below.

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Clear Channel Stealth Firings Begin Today

What if I told you around 50 or so radio stations are going to eliminate an on-air position today?

Would you call that a layoff?

These radio groups would call it a sendoff and they’ve got cheatin’ on their minds.

If you’re looking to keep up with the devious new ways companies like Clear Channel and Cumulus are planning to use to fire lots of folks and not even have you notice, read on.

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  1. How 50 (maybe more) on-air people will be eliminated this morning on a stealth layoff.
  2. The dangerous new practice of mixing format DNA to create programs that claims lots of jobs.
  3. The next innovative and devious way to empty a radio station of air personalities – it’s happening this morning and will likely continue all year.
  4. What happens when dangerous and powerful radio CEOs start meddling in programming – that’s happening this morning, too.
  5. What is the disease known as “The Elvis Duran Syndrome” – check for the symptoms because as you’ll see there is no cure.

If you would like to learn about the Clear Channel stealth firings that are beginning today, click “read more” below.

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Clear Channel Invents a 3rd Way To Cut Staff

Clear Channel has just invented a third way to reduce their workforce.

You know the other two, but this new mean-spirited, humiliating approach comes out of nowhere and hurts your self-esteem and pay.

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  1. How a Clear Channel lifer just took it where the sun don’t shine after being blindsided by corporate.
  2. Their template for playing Russian roulette with your career.  It’s actually waterboarding because they ram this down your throat with no choice.
  3. How Clear Channel is leaving itself open to big lawsuits.
  4. Why they do this under the radar to avoid unfavorable publicity – it’s that evil.
  5. Plus, the big question – how far will these reductions in force go.

The answers begin here.

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All Out Radio Rebellion

Employees of companies like Clear Channel and Cumulus are madder than hell and aren’t going to take it anymore.

There is evidence everywhere that as much as suffering radio people would like to keep their jobs, they’re increasingly walking away from abuse, neglect and no pay raises.

Maybe it’s the economy getting better.

Or maybe it’s their employers getting worse.

Here is some documented evidence of a monumental change that can even hurt two arrogant consolidators who think they can fire people and get to keep the best of the best.

Now the best are heading for the door.

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  1. What consolidator is now down to just 7 salespeople in a multi-station cluster with red ink all over the company.
  2. The major issue that is finally pissing people off so much that they want to exit radio – even without another job lined up.
  3. New evidence that top management is fleeing.
  4. The handwriting on the wall – what is making radio people give up.
  5. My latest updated list of the best companies – the ones I would work for as well as the ones that are riskier.  You already know the two to avoid.

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Cumulus-Type Cuts Rock CBS Radio

CBS Radio is pulling a Cumulus and Clear Channel.

It’s sad to say but as of a week ago CBS Radio is doing the exact same kind of thing that got Cumulus into trouble.

For some employees of major CBS properties as many as three major sources of income were adjusted downward.

And one change arrived just ahead of a major sales initiative.

Some incentive, eh?

So what’s up with a good company like CBS Radio acting like Cumulus?

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  1. Which CBS employees get burned the most under this new plan.
  2. The surprising revised sales commission package going into effect at some CBS Radio stations.
  3. The company’s unique excuse for slashing commissions.
  4. Which lucky CBS Radio employees dodge the new rules.
  5. The doomsday digital announcement employees have feared.  But wait -- other groups may try this same stunt next.
  6. How CBS blew a major revenue initiative with these 3 rules changes.

If you would like to see the surprising Cumulus-type cuts CBS Radio just made, click “read more” below. 

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2 Clear Channel Meetings To Change Everything

I’ve just gotten wind of two important Clear Channel meetings that are being scheduled – one will happen this very week.

Their net effect is to blow up current operations and move to a new system.

Quickly.

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  1. The info I’ve discovered about a high level Clear Channel New York management powwow that takes place this week.
  2. Best thinking on why they are having this meeting.
  3. The surprising choice of who is running it.  Not Pittman.  Not Hogan.  This speaks volumes.
  4. How the connection begins to become clearer between what top management is up to and – believe it or not – the just completed employee survey.
  5. What I’ve uncovered about another meeting – this one with Bob Pittman in Florida that is so secret that only a select few trusted people are invited.

If you would like to be in on the 2 meetings that Clear Channel is planning that will change everything, click “read more” below.

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Clear Channel May Be a Seller

$16 billion in debt is a big burden to carry around and for the next few years CEO Bob Pittman is going to struggle with ways to deal with it.

But no one overcomes that kind of imbalance without a bold move.

You may remember that Lee and Bain tried to get out of their 2009 Clear Channel acquisition before it was too late and changed their minds at the last minute.

Something to do with threatened lawsuits if they backed out.

They’re in it to lose it.

To wreck the company and sell off the parts kind of like Hostess did with Twinkies.  Did you see that New York Times article on how Hostess is worth more dead than alive? 

Clear Channel is radio’s Twinkies.

Here are some of the bold moves you will see sooner rather than later:

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  1. What is the surprising way for Clear Channel to raise $4-5 billion to pay down debt.
  2. Why selling some key market stations is not off the table.  I’ll name an example.
  3. How laying off more employees will be so very different this year.
  4. How Clear Channel plans to operate more like Pandora than the top radio group.
  5. The move that is currently underway to drastically reduce programming expenses (with a perfect example).

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