Equal Opportunity Scandal At Clear Channel

Clear Channel is in so deep with racial discrimination in some of their markets that they’ll have to buy their way out of it.

Win in court?

They can’t afford to lose there or the floodgates will open.

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  1. How Clear Channel is shamelessly using a Black employee to wittingly or unwittingly help them with their racial discrimination suits.
  2. Why there is racial discrimination at Clear Channel at the exact worst time --- they’re mulling going public.
  3. If you’ve ever sued Clear Channel or want to, here is their Achilles heel to use against them.
  4. Three solid and honest things Clear Channel could do tomorrow to end discrimination at The Evil Empire. 
  5. What those who have been wronged by Clear Channel should be prepared to do to be successful.

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Stop Partying On, Bob

A number of my readers contacted me about the recent Jacobs Media blog post-titled “Party On, Bob”.

It’s short and worth the read but it may not go down well with you, either.

In the article, Fred Jacobs – a very good guy who I know loves the radio industry – rationalizes all the good things that Clear Channel CEO Bob Pittman is doing when he wines and dines ad executives in the South of France.

According to Fred:

“Clear Channel bashers may take the opportunity to criticize this kind of high-priced social networking.  Some might even calculate how many lost radio jobs might be restored for the cost of the hors d’oeuvres and place settings.  Others might wonder why these same funds aren’t being used to throw some marketing dollars at some of the company’s premier stations”.

Who is Fred talking about?  I have no idea.

I wrote Fred an email the other day because this article seemed awfully insensitive to me. 

It’s one thing to look the other way while Clear Channel is being ravaged and it’s quite another to put your credibility on the line by taking up in defense of the arrogance of Pittman and his company.

Yes, it is important to have great relationships with advertisers and media buyers.

But Fred leaves out that Pittman’s plan is also about digital ad buying which may tend to bid down spot rates and regional sales centers.

At least mention that, Fred!

Wait!

He did.

“While some advocated for radio to take more of an automated approach to selling (because that is where the world is moving), others pointed out that the personal touch continues to play an important role in making connections, telling stories, and positioning brands in an environment where advertisers are often more confused than we are”.

Huh!

Pittman is all for the personal touch as long as he is the one personally touching the power brokers.

A better way is to be a strong advocate for local sellers who already have great relationships with buyers and advertisers if Pittman would get out of the way.

It’s the local sellers relationships that matter.

Not Pittman’s.

Fred links to some favorable press that Pittman got because of the swine and wine parties at Cannes.

“Someone has to throw their weight around” Jacobs argues.

I thought he was joking, but he isn’t.

Look, I don’t want to get into a pissing match.

I just think a major figure like Jacobs should not prop up this clown.

Pittman will be gone sooners than most people think.

I’ll make it easy.

Clear Channel has fired over 10,000 people since consolidation.

Over a thousand in the last 12 months.

And at holidays.

These are our brethren.

Radio people raising families and not lucky enough to work for themselves.

The company is $21.5 billion in debt and the debt is growing with no chance of paying it down significantly.

Pittman renovated his offices to the tune of $21 million recently that included his infamous “mist tunnel”.

They were paying John Hogan $25,000 a month for expense money to move to New York until they decided to fire him – but they are still paying him the new contract they offered.

Clear Channel employees are the cream of the crop – they deserve better leadership and more from those of us who “observe” what’s right and wrong with the industry.

So, respectfully, I say – stop partying on, Bob.

You’re not Bob Sillerman.

Now he can party!

And you’ll never be Bruce Reese or Ginny Hubbard or Ed Christian or Dan Mason.

Dan Mason has forgotten more about radio than Bob Pittman can remember and Dan doesn’t do this kind of stuff.

Stop sucking up to these people and speak up in defense of our brethren who are forced to suffer fools silently while Bob entertains and overspends.

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Townsquare Coming Unglued

The more we learn, the more we see why Townsquare is rushing to do an IPO.

Business is in the shitter.

The egos managing Oaktree’s investment capital are spending money on their perks excessively.

And they’re already “right-sizing” the company.

Whatever happened to fattening up pigs before the slaughter?

Now the pigs are running the show.

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  1. The TS tactic right out of the Clear Channel playbook for screwing managers and market managers.
  2. The dirty little secret the company won’t be playing up in their IPO about who really makes all the radio decisions.
  3. Cutbacks everywhere but not in India – that’s right, India.
  4. Why the “Babe of the Day” website is so important to Townsquare – this is unbelievable.
  5. How the company is actively breaking small market sales and programming traditional relationships in favor of this.
  6. TS execs ugly corporate perks and what employees are forbidden to do about them.
  7. How corporate descends on local markets reportedly to bully executives and employees.
  8. Who many employees now consider the Bully-in-Chief at TS.
  9. The truth about their much-heralded events division.
  10. How the TS sales compensation model is backfiring.

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Entercom’s 2-Minute Commercial Promise

Entercom is the first major company to actually try to reduce burdensome commercial stop sets – and for that they should be congratulated.

But will it actually work?

Read on before deciding to make changes before the 2-minute promise comes to your market – which it will.

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  1. What is better than reducing your two long stop sets to 2 minutes, three times an hour.  Yes, better.
  2. How to get advertisers to pay more for less instead of allowing them to bid down your spot rate by adding digital – this works, jump on it.
  3. The one mistake not to make under any circumstances when you decide to cut your commercial loads – and you’ll have to or else you don’t have a chance competing with pure plays.
  4. What type of advertising Millennials will actually listen to and even crave.
  5. The thing that is even more important than cutting commercial loads – you must do both to remain viable but don’t overlook this.

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Aereo Won

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  1. The unintended consequences in the Aereo Supreme Court ruling yesterday.
  2. Why the “winners” – network TV content providers – will end up being the biggest losers of all. 
  3. How the Supreme Court ruling changes everything for the must-have 95 million Millennial generation.
  4. The future of content – the new direction you will want to track.
  5. Pandora, radio, satellite radio – this ruling is not just about television content, here’s how you will now have to change.

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What They Don’t Want You to Know About the Townsquare IPO

Sell Apple!

Buy Townsquare!

The crappy little company that couldn’t is going public.

For all the “thrills” and “excitement”, turn to your favorite free happy talk radio trade publication.

For the ugly truth about the fleecing that is coming, scroll down.

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  1. How will CEO Steven Price do an IPO with a company that is underperforming in radio and missed its digital goals by a ton.
  2. What prompted the panic move to go public now when no radio group will go there.
  3. Will Townsquare be sold as a digital play or as the third biggest owner of shitty little market stations.
  4. Why employees will now face two separate and giant layoffs rather than the one bloodbath that was planned.
  5. When the first mass firing begins and how the second one will be structured.
  6. After TS, which radio group goes public next.  I’m on a hot streak.

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Townsquare Bloodbath

Townsquare is the new Clear Channel.

God knows we have enough Evil Empires in radio.

Signs are all pointing to a bloodbath at Townsquare.

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  1. What has gone so wrong with Townsquare’s game plan.
  2. Why employees who drank the TS Kool-Aid just two years ago are suddenly pissed – and worried.  Should they be?
  3. How did that 40% digital mandate by 2014 thing work out for Townsquare?
  4. How Townsquare is now firing just like Clear Channel – even using the same lame excuses.
  5. Why the company’s billing is in the toilet even though small market radio is outperforming the majors.
  6. Oh no!  How their principle investment bank is getting impatient.
  7. Oh yeah!  When does this all come down?

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