iHeart, Entercom & Cumulus Panic Over 2016 Revenue

INSIDE …

  • How these 3 radio groups are headed for the shitter in the Q4 and Q1 of next year and ready to take the rest of the industry down with them.
  • What iHeart is going to force their account execs to do within the next week – details.
  • How iHeart is preparing to punish even its super-achieving market managers who are outpacing the losses of the group’s laggards.
  • What Entercom has the unmitigated gall to ask its best advertising clients to do – laughable to their old pros left shaking their heads.
  • With just about 6 weeks left until the end of the year, how new Cumulus CEO Mary Berner is tying the hands of her salespeople at the absolute worst time.

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Bankruptcy of Rdio Precedes Cumulus

INSIDE …

  • Does this hasten a Cumulus bankruptcy?
  • Little known details on the court managed Rdio bankruptcy – you may want to take notes on this because it could happen this way for Cumulus.
  • The startling amount of money this failed investment is going to come out of Cumulus revenue.
  • Why is iHeart competitor Bob Pittman having an orgasm.
  • How badly does Cumulus get dinged now that Rdio is in bankruptcy.
  • Oh no – how the Rdio bankruptcy is waking up the much needed buyers of Cumulus tower site real estate in LA and DC that is absolutely critical to Cumulus staying afloat.
  • How does the Rdio bankruptcy impact the sale of Westwood One or the $2 billion acquisition of Citadel/ABC legacy stations now.
  • What’s worse than Cumulus not being able to repay its loans or refinance them – this is what everyone should be afraid of.

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Sales Spy App Coming To iHeart By June

INSIDE …

  • How the spy app will be force-installed on all account executives’ phones.
  • What info and data corporate will now instantly have access to – both business and private. The NSA would be envious.
  • 9 specific base spy categories – but that’s just the beginning, they can go even deeper than these (described here).
  • Can the app know where each salesperson is and whether they are making a proposal – details.
  • The reason why a cash-starved radio company would make it more difficult for sellers to sell at this critical point.
  • Where the spy app is being tested right now.
  • How some account execs are refusing to comply – and the consequences.

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Cumulus Considers Taking Company Private

INSIDE …

  • This juicy benefit would be created for a company now hopelessly headed for bankruptcy – details.
  • Ramifications for current employees – there are many so be alert.
  • What it would take to get remaining shareholders to say yes.
  • How taking Cumulus private could be financed.
  • Effect on the rest of the radio industry.
  • What’s in it for chief shareholder Crestview Partners (28%) and the Dickey family (25%).

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Scary S@#t iHeart & Cumulus Are Planning

INSIDE …

  • What’s up with iHeart’s Total Traffic & Weather Network?
  • How Cumulus is rethinking non-essential businesses (wait until you hear what is considered non-essential).
  • Clear Channel hired a company that did a radio bankruptcy to sell some outdoor markets and they want to keep it quiet – full details.
  • The amount of cash Wall Street financial people predict iHeart will burn through by the end of this year – and then what?
  • The real reason Lee & Bain keep Bob Pittman in a job he is clearly not up for.
  • How iHeart owners Lee & Bain are selling off their stakes in other companies ahead of a bankruptcy play.
  • Cumulus is reportedly targeting programmers with 10 or more year’s experience that have done this one thing to can them.
  • Mary Berner’s accelerated layoff timetable.

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iHeart In Worse Shape Than Cumulus

INSIDE …

  • How bankruptcy could come to iHeart even BEFORE they default on loans – the scenario financial people fear the most.
  • What happens to employees before and after a bankruptcy filing.
  • How iHeart can stop burning through cash – over $300 million so far this year alone.
  • Why they don’t sell radio stations to raise much needed cash – qualified buyers are in the wings so why not.
  • How long can iHeart last before filing for Chapter 11 – Wall Street’s updated estimate.

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Cumulus-like Ending Coming to iHeart — Fast

INSIDE …

  • The very serious problems that employees, vendors and investors will want to know about.
  • What iHeart said when they revealed third quarter earnings that caused their stock to tank 40% -- in one day.
  • How iHeart is apparently cooking the books on the last day of each revenue quarter – and now Wall Street is on to it.
  • Employees with this type of compensation package should be worried – details.
  • The drop-dead date for iHeart to actually run out of money.
  • What investment firms are telling investors about iHeart.
  • How iHeart employees should protect themselves for the worse possible outcome – what to do.

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