Debt Holders Running From iHeart’s Reduction Plan

INSIDE...

  • What iHeart is offering greedy investors to get immediate interest rate relief.
  • Why some are being fooled but others are rejecting the plan.
  • Here’s the pitch to debt holders that tanked iHeart’s stock below a buck yesterday.
  • How current investors will get screwed.
  • What happens to $100 million in annual interest expenses if Bob Pittman’s latest plan is rejected.
  • Plus a just-discovered hilarious new video in which Pittman says his job is to ride the rides.

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Mary Berner Chooses A Brutal Cumulus Right Hand Man

INSIDE …

  • The brutal and powerful new assistant is worse than John Dickey.
  • How he ordered the firing of the father of two dead newly born triplets at his previous job to save a few bucks – get to know him here or just run for your life now.
  • Mary’s new man who will help her turn the company around has been known to be a buzz kill at sales meetings telling sales managers in front of coworkers that they wouldn’t be needed any longer.      
  • Why this is a bad omen for women at Cumulus with Mary’s latest mistake.
  • Part of the role for Mary’s new right hand man is to keep an eye on Mike McVay – details on just exactly how he thinks he will do that.
  • Why Wall Street money will see this move as proof that Cumulus cannot be saved.
  • How Berner will put lipstick on this pig this week during the employee pre-Christmas webcast.

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Why CBS Can’t Even Give Away A Radio Station

INSIDE …

  • What’s keeping CBS from selling the stations Andre Fernandez was brought in to deal – and for how long.
  • The merger from hell that buyers are afraid of.
  • The best prospects to trade with CBS – there are not many, but we name them.
  • What happens to CBS Radio next if it can’t unload at least one-third of its non-essential stations.
  • The bad news on multiples – this is all you can get now if you sell the average radio station.

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iHeart To Offer Contracts From Hell To Employees

INSIDE …

  • The sneaky little trick Bob Pittman is looking to pull off on employees.
  • How it is built to blindside them into going along with it.
  • Details on the scary terms that employees will have to approve.
  • Why would a company that is about to reduce its workforce by the end of the year want to sign some people to contracts now.
  • Why iHeart is even offering “incentives” to get what they want – quickly.  Details.
  • Most importantly – why is this being done now.
  • And what happens to employees who already have contracts and non-competes.

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iHeart Pressured To Expand Layoffs By Lenders

INSIDE …

  • The growing concern leery investors have about iHeart’s ability to stay afloat.
  • Why iHeart’s declining stock price – now a buck and a quarter – is not what lenders who control refinancing their debt are really worried about. Details.
  • What to expect next from this cash strapped radio group that has lost Wall Street.
  • Tough plans iHeart has for air talent – not pretty.
  • The across the board sales commission cuts now being planned.
  • The new timetable on automated media buying to reduce sales jobs.
  • Why to keep an eye on Premiere Radio Networks.
  • A new previously untouched group of iHeart employees is being targeted for layoffs right now.

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Mary Berner’s Upcoming Employee Announcements

INSIDE …

  • What the new CEO is likely to reveal in her much-awaited employee webcast.
  • Her verdict on McVay and Pizzati – deal with it or punt.
  • Does she get rid of that time wasting sales software program ENGAGE or bullshit a couple of minor changes.
  • Layoffs – they’re coming, does she decide to own them.
  • Nash – dead or coming back stronger.
  • Sexism, racism and discrimination against women employees – does she dodge it or face it.
  • My checklist of 6 critical things Mary Berner must do to win the employees and have a chance to succeed. Do this and I’ll sell Apple and buy Cumulus.

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Banning All Muslims

INSIDE …

  • How banning all Muslims will go over with Millennials (your younger 18-34 year old money demo).
  • How to change the radio industry’s Vietnam mentality before it kills the last hope of talk radio.
  • Why the current terrorism scare is a moment to attract the next generation of listeners.
  • Authenticity – how the radio industry is losing the largest generation ever because it is not authentic.
  • The litmus test to see if your station is in tune with 18-34 year old values.

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