Enormous Manager Purge Coming To Clear Channel

Clear Channel CEO Bob Pittman has just come off a wonderful “work” trip to Cannes and has had to put up with walking around the deck of the company yacht in his socks for a week.

Now he’s prepared to sock it to another category of employee – the one that thought they had the most job security.

Market managers.

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  1. The brutal way Clear Channel will now target their “capos”, appointed managers who blindly carried out execution orders.  Now they are the targets.
  2. Will the coming managerial purge be counted toward the four per market mandate to achieve 624 more layoffs this summer?  We do the math.
  3. Real time examples of firings – who, where and how these new firings are being conducted as a warning of what’s to come.  
  4. Red ink and piles of debt have forced Clear Channel to think more aggressively about layoffs.  Here’s their scary new plan.
  5. What we’re all wondering!  Pittman has board approval to layoff four employees from each market – when he is going to use it.

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Cumulus Bombshell Coming Next Week

Here is 7 days advanced warning for fireworks to be set off at Cumulus and I don’t mean a July 4th celebration.

The Dickeys are making a huge move with implications that will affect their current staff and the size of that staff in the future.

Lew Dickey declaring independence from more employees.

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  1. The move that will launch a ton of layoffs.  No one saw this coming.
  2. The new way corporate will be making local decisions.
  3. This is bigger than syndication – and it’s scarier.  Clear Channel has toyed with this kind of move but hasn’t had the guts to go where Cumulus is going next week.
  4. How the groundwork is already laid to expand what you’re going to see happen by July 4th.
  5. If you’re wondering why now!  This explains it all and gives you a roadmap to what Cumulus is planning to shakeup next in talk, music and sports.

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Clear Channel Doubling Down On Layoffs

Clear Channel is not even trying to hide the excesses that a handful of corporate honchos are piling on themselves.

Meanwhile 4 employees per market will be fired – 624 total – signed, sealed and delivered by the Clear Channel board.

As you’ll see, the more CEO Bob Pittman’s cohorts take, the more their employees give up in jobs.

You can predict the next layoff.

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  1. Less than two weeks after asking for the heads of four employees per market, guess what Bob Pittman is getting ready to spend more money on today.
  2. Caught on Facebook!  Clear Channel employee bragging about corporate partying while 624 fellow workers face the ax.  With “compromising” photos.
  3. The real reason behind Clear Channel’s move to costly bigger headquarters and posh digs.
  4. The Imperial Pittman:  an employee reveals what His Majesty requires an employee to do before he enters a room.  Eyewitness account.
  5. What everyone wants to know!  How these out of control corporate excesses can actually predict the next round of layoffs.

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The Samsung Jay-Z Deal

Jay-Z and Samsung just did a $5 million dollar deal that is setting the record business back again.

It’s time to disrupt the old record business model with some concepts that actually have a chance of working.

The way out of the mess.

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  1. A prediction of what is actually going to happen to music sales within the next 3 years and the labels don’t see it coming.
  2. The labels’ major revenue strategy that will actually backfire – it’s starting to happen right now.
  3. Why royalty fees will be forced to decline – that’s right, forced.
  4. What you’ve been asking:  the sweet spot for pricing music today.
  5. The solution!  This disruptive strategy that can make buying music as addictive and profitable as texting.

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Cumulus, CBS Radio Merger – Game On

Another piece to the eventual merger of the worst radio company with the best is now in place.

CBS employees don’t want to believe that their excellent company could wind up in the hands of Brother Love’s Traveling Salvation Show.

And Cumulus employees don’t know what to believe.

Game on.

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  1. The sale price in dollars and multiples from people close to the situation. You heard it first.
  2. Why CBS finds Lew Dickey, an underachiever and toxic employer, so attractive.  Some things are more important than looks.
  3. The real deal behind all these collaborations between CBS and Cumulus.
  4. The reason why Cumulus sacrificed 67 stations to the national sports radio network launched by CBS that will never see a 1 share and just yesterday scheduled a new play date with each other.
  5. And what everybody is asking!  Is there any way – any way at all – that CBS keeps the biggest and best stations for themselves and sells only the others to Cumulus?

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