Clear Channel After Pittman

I used to think John Hogan was good for a couple of more years because Bain gave him a raise, contract extension and benefits.

But poof!

Gone when Bob Pittman needed a scapegoat to blame for declining billing.

Now Pittman’s job is on the line and sources say Bain is concerned about the direction the company is taking.

Clear Channel after Pittman promises to be very complicated.

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

  1. How much time does Pittman have left as CEO of Clear Channel.
  2. How will Bain handle that big new contract extension SpongeBob got last year? 
  3. Three people who could be Pittman’s successor and what it means to the radio group.
  4. Who the favorite is to replace Pittman and who is the long shot.
  5. How a new CEO will handle programmers and on-air talent.
  6. The outlook under a new boss for sellers who are now being RIFed at a record pace.

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New Ways Clear Channel Fires

Clear Channel has now adopted a quarterly RIF cycle.

They can still fire anyone they choose, but they are becoming obsessed with creating a reason even if it is trumped up.

Now The Evil Empire has 5 more ways to screw employees before, during and even after they get the axe.

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

  1. Why it has become so important to Clear Channel to create a reason to fire a person whether legitimate or not.
  2. The way they now blindside employees who have worked for them for more than a few years.
  3. How they can determine the absolute worst possible time to fire an employee – and then go right ahead and pull the trigger.  Cruel examples that border on pathetic.
  4. Non-competes from hell – take them or leave them but if you leave them you’re screwed in these two ways.
  5. The kiss of death compliment Clear Channel has now started using to reassure employees – a corporate phrase that you never want to hear from a supervisor because it means you’re next.

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AT&T and DirecTV

This is what happens when big media titans ignore generational media.

They spend $48.5 billion to buy a satellite TV service whose subscription base has leveled off and to which there is no future.

But the AT&T merger with DirecTV gives us a clear view of what’s next for the radio industry, music business and broadcast television.

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  1. Why AT&T bought a business that was done growing years ago.
  2. Will Millennials support cable and/or satellite mergers by actually subscribing – the odds.
  3. Where the media industry including radio and music headed next based on this rebirth in consolidation.
  4. What radio companies are likely to do after another few years of not being able to muster any real growth.
  5. What the surviving large cable companies have in mind for audiences as well as competitors.

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Tough Shareholder Questions For Lew Dickey

This week Lew Dickey is preparing to face Cumulus shareholders again.

I’m sure he’ll talk Nash and Nash Icons and platforms, economies of scale, new opportunities and the other bullshit failing CEOs usually spew.

On the eve of this meeting new evidence has surfaced for which shareholders should hold Dickey accountable.

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  1. Why Chipotle shareholders have the right idea and it should be used against Lew Dickey for excessive executive compensation.  Details.
  2. Why is the decline of your stations being suppressed from shareholders and the public? 
  3. How bad Cumulus audience losses are in the critical major markets – after all, this guy wants to buy CBS, God forbid.  Some questions you should ask Lew.
  4. For the first time we know the overall audience loss for all rated Cumulus markets.  Hold him accountable with these numbers.
  5. What’s behind those Westwood One firings – over 10 more people whacked and more offered part-time on Friday alone.  What’s the end game?

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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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Travel Scandal At Clear Channel

No business travel unless approved.

Take the cheapest flight.

Pay some of the expenses yourself.

Except if you work for this division of Clear Channel.

A dirty deal and disrespect for hardworking Clear Channel employees exposed.

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  1. Which prominent Clear Channel division gets to run up expenses at will without restrictions.
  2. How one member of this division skirts the travel restrictions other employees are forced to follow – see her Facebook page but take your blood pressure medication first.
  3. Who was popping corks, drinking champagne and taking selfies in business class no less while everyone else was banned from traveling.
  4. Which prominent Clear Channel exec is enabling her.

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

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