Huge Clear Channel Programming RIF in May

Here’s an important heads up.

Clear Channel will begin its programming RIF within weeks.

They are sick f#@ks because Clear Channel execs are actually bragging about the RIFs to – of all people – their competitors.

The May layoffs will be a little different but victims will be just as out of work.

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  1. How many programming people are being targeted.
  2. Why Bain bean counters are directing the firings this time instead of local managers.
  3. Which 5 programming positions are getting cut.
  4. Which programming jobs have the most security – at least for 3 to 6 more months.
  5. How much money Clear Channel will save – at last we have a number to put it in perspective.
  6. Are the sales RIFs that started two weeks ago finally over.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source. 

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Steve Mills is a highly talented air personality for Clear Channel in Allentown, PA. He has company health insurance but has medical bills that occurred before his health insurance kicked in for stage three cancer.  His fundraiser site is www.youcaring.com/swingforsteve.  He’s one of our brethren.  Whatever you can do to help will be most appreciated.

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Cumulus The Best Radio Group in America

Take THAT Eric Rhoads!

I can suck up to Lew Dickey just like everyone else to get advertising.

Oh, wait!

I don’t take advertising.

And I’ll put Jon Pinch on my cover, too – wait, wait -- I don’t have a cover.

Okay, then I take it back.

Cumulus is the worst radio group in America.

Just playing with you Eric.  But I just don’t get it.

Don’t understand how this tricky Dickey gets away with putting lipstick on a pig every three months – a veritable pig roast, even.

I have a no-bullshit Wall Street analyst that strips Dickey bare (forgive that imagery) and exposes what’s really killing Cumulus revenue.

And I will add four of these upsetting moves are going to be advanced this year.

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  1. News of a merger in which Dickey can bury debt and lay claim to the seller’s revenue performance.
  2. Why the over-priced Westwood One deal could unravel the rest of Cumulus.
  3. How SweetJack, traffic and the Nash country format lived up to their hype in terms of revenue.
  4. How Cumulus will be able to cut on-air talent and management jobs at a very fast pace from here on in.
  5. The one piece of good news for Lew Dickey that spells bad news for Cumulus sellers.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source. 

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Clear Channel Posts Phantom Billing

Clear Channel is $21 billion in debt.

Going down every quarter in sales revenue.

Firing people in response as if they were the reason.

Now we’ve learned that the company that can’t tell the truth is fudging something else.

Bogus sales revenue that gets reported by Miller Kaplan.

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  1. One market where millions of dollars of phantom revenue is being picked up as real billing credited to Clear Channel.
  2. The two legitimate companies Clear Channel is apparently deceiving.
  3. How this smoke and mirrors act is done – this is important if you compete against Clear Channel because your numbers look worse every time they cook their numbers to get them higher.
  4. How Clear Channel uses this ploy to generate even more millions in other markets.
  5. Why other companies that use one of their services is getting peanuts while they allegedly spend fake money on their own stations in an apparent attempt to embellish their competitive revenue figures.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source. 

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Clear Channel Sales Call Centers Failing

The Evil Empire asked for this when they arrogantly canned 300 plus sellers over the past two weeks.

Replaced by a bunch of idiots in regional sales call centers manning the phones and losing business.

Wait until you see what they’re passing off as radio sales.

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  1. How one regional call center operator didn’t even know what state the prospect’s target market was in.  No kidding.
  2. The comical handoff that takes place from city to city until the canned pitch begins – just like this.
  3. How these robo sellers are identifying themselves to prospects.
  4. What was the startling answer that followed this question:  “How much do ads cost?”
  5. What Clear Channel robo sellers are willing to do if an advertiser will give them a credit card over the phone.
  6. How robo callers handle the issue of whether to buy a 15, 30 or 60 second spot.
  7. Witness this bungled attempt at upselling by an unknowledgeable seller – this is embarrassing.
  8. Alert!  How Clear Channel is talking to other groups about replacing sellers with direct media buying sans seller’s commissions.
  9. The secret meeting schedule for other group heads at Katz’ New York offices this morning – Clear Channel wants other groups to fire their salespeople too.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source. 

Talk to Jerry privately here.

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Pittman’s Job in Jeopardy With Bain

For the first time, Bob Pittman’s job is at risk.

Here’s what the desperate CEO has planned for the next 8 months to save his neck and it isn’t pretty.

If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.

  1. The number of additional sales RIFs that are coming before year’s end and who they will impact most.
  2. How many programmers and talent will lose their jobs to a separate, additional RIF – and when.
  3. Pittman’s “Hail Mary” to save regional sales call centers.
  4. The cutbacks at Clear Channel outdoor and a disruptive move to follow.
  5. Clear Channel’s dangerous plans to raise needed money as debt mounts and they burn through cash.
  6. Pittman’s fall management surprise that will blindside employees who have pledged allegiance to him.
  7. Details on how Clear Channel stations (studios, offices) will be reconfigured to save money.
  8. A startling decision on ad rates ahead.
  9. Plus! Two ways employees can track Pittman’s two – that’s right, two – corporate jets – to know where he is at any moment.  The links are included.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source. 

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That Clear Channel iHeartRadio Spinoff

The rumors are persistent.

Clear Channel plans to spin off iHeartRadio from the company.

True or False?

One sure bet – their radio stations are in for some changes.

If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.

  1. What bold move is reportedly being discussed at the highest levels of Clear Channel.
  2. Is it just the app that would front a new company or the radio stations?  Regionals or majors?
  3. How a radio group $21 billion in debt and unable to make its budget could go public.
  4. What happens to that multimedia concept that Pittman champions in public if they split off some divisions.
  5. Which divisions are likely to get separated from the parent?
  6. How splitting into iHeartRadio and going public will kill thousands of potential jobs.
  7. Look no further than this week’s announcement of an iHeartRadio network to see the future of Clear Channel.
  8. How sales RIFs are continuing as predicted with more sales managers, sellers and sales assistants being fired every day this week – including yesterday.
  9. Why Pittman’s job is in jeopardy with his bosses Lee and Bain.

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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source.

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Biggest Clear Channel Programing RIF Ready To Hit

Get this clown out of his Mist Tunnel.

First, Bob Pittman orders a huge RIF targeting sales managers, their compensation and reducing the number of sellers at a time when he needs revenue increases just to break even.

An estimated 300 jobs were lost and the cutbacks continue.

Now, programming is about to get it big time.

The biggest layoff ever just when competitors are starting to clean Clear Channel’s clock in local ratings.

If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.

  1. How regional and major market Senior VPs have already done the dirty work to plan the scope and timing of these layoffs.
  2. Why corporate has contingencies for two layoff dates – the sooner one being their favorite.  I’ve got both for you.
  3. Their ingenious plan to further gut regional market programming positions even though there are only one or two left for multi-formats.
  4. Major markets are included – here’s how they decide.
  5. Why Pittman will then continue to layoff PDs on a here-and-there basis unless this doomsday scenario happens – then as you will see, all bets are off.

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This article was made possible by information close to the layoffs at Clear Channel. When you have news to report, you are automatically in my Witness Protection Program, which has never revealed a source. 

Talk to Jerry privately here.

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