Westwood Threatening To Sue Affiliates Who Drop Them

INSIDE …

  • The unthinkable thing that happened when one affiliate told Westwood it wanted to stop running their programming.
  • How Westwood bullied the owners and backed down – but at this price.
  • How badly Westwood format affiliates want out of their contracts – the things they are willing to do to get as far away from them as possible.
  • The ransom Westwood attorneys are demanding to stop format affiliates from all leaving at once.
  • The catastrophic effect on Westwood One if even this number of format affiliates bolt.
  • How bad things are getting now at Westwood’s format division in the words of one who was burned.
  • Now we know how Cumulus got local talent to replace fired Westwood talent.       Clue: it was not the $5,000 a year “bonus”. Worse.

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Cumulus Consulting Bankruptcy Advisors

INSIDE …

  • The name of the firm Cumulus has reportedly hired to deal with a potential Cumulus bankruptcy – we’re naming names here.
  • The new Cumulus board member who has hardnosed experience in bankrupting companies.
  • When?
  • The kind of bankruptcy that is likely.
  • Three scary things that will happen should Cumulus file.
  • Is there anything that can prevent bankruptcy?

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iHeart’s Brutal End-of-Year Cutbacks

INSIDE …

  • How bad is it – really.
  • What is expected to increase by 3 to 5 times current levels putting iHeart in survival mode.
  • Who gets cut back – I’ll tell you this, it is the usual victims but in a way iHeart has never done before.
  • iHeart’s No Manager Left Behind program – details.
  • But, what’s on the air will change drastically.  The time periods iHeart is targeting.
  • Why iHeart keeps cutting expenses when even if they fired everyone but Bob Pittman they couldn’t pay down their debt enough to survive.
  • Wall Street venture firms don’t expect iHeart to make it – here’s when they think iHeart has a date with a bankruptcy judge.

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This New Nielsen Contract Prohibits Voltair

INSIDE …

  • Can you get your $15,000 per Voltair unit back now?
  • Read the contract clause – word for word – that slyly prohibits their client stations from using Voltair going forward.
  • This in spite of suspicions that Nielsen knew that their encoded signal favored certain stations.
  • The formats that are getting screwed by PPM – one of them is losing 90% of its audience to faulty technology.
  • The chances of a class action lawsuit back at Nielsen for this.
  • How PPM that only reliably reports loud stations is helping radio’s competitors.

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First Great News For Cumulus Employees

INSIDE …

  • Here are the first concrete results of Jeff Marcus’ “intervention” to save Cumulus and his 30% stake in the company from further Dickey damage.
  • How these new changes will be rolled out – which markets first and how soon.
  • What about the Dickey appointees that are in place and who have supported their ill-fated strategy? Here’s how Marcus will handle them.
  • Specifically – let’s get to it – what about McVay and John Dickey.
  • In one market, employees are ecstatic because of this announcement – and it may repeat in other markets – details.   Cumulus pride!
  • The fundamental change in which Cumulus stations will be managed in the post-Dickey era.

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More Trouble Brewing At Westwood One

INSIDE …

  • The one option left to turnaround Westwood One that Cumulus is ignoring.
  • What happened within weeks of Cumulus acquiring Westwood One that accelerated their decline and it continues to grow worse.
  • Specific contracts that Cumulus/Westwood cannot get out of leaving them little left to cutback – details.
  • The latest on the affiliate revolt that threatens to bring Westwood down.
  • Westwood for sale?

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People With Big Titles Turning on the Dickeys

INSIDE …

  • How widespread is this revolt by once loyal top execs turning on Lew and John Dickey.
  • One of the surprising turncoats is this Cumulus exec who has his head so far up Lew’s you know what that he can’t see the light of day.
  • The one thing that has been holding up largest shareholder Jeff Marcus from reassuring shareholders he has things under control and ready to turnaround.
  • What has been stopping Marcus from going public with the changes he has already made privately.
  • What Jeff Marcus is hearing on his lone listening tour of troubled Cumulus clusters without Lew Dickey by his side.
  • What Marcus is discovering that the Dickeys have covered up.
  • The fate of Lew and John’s “mafia” under Jeff Marcus.
  • Who is likely to handle Cumulus operations now – 12 months after Lew refused the board’s demand that he hire a non-Dickey for the job.

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