Dropping Entercom

A few days ago a major lender became the next to the last firm to stop coverage on Entercom.

Wells Fargo remains, but their former analyst Marci Ryvicker lost her job recently and some feel because she overstated Entercom’s upside.

David Field stubbornly refuses to acknowledge that he has blown the CBS merger integration and covers up critical problems that could turn Entercom into bankruptcy babies like Cumulus or iHeart.

As of yesterday, Entercom is now only $2.24 away from being a $4 stock (down from $16).

Now he’s about to make it worse.

Read the full article now.

The Hype Over Podcasting

What’s the big deal about podcasting?

It doesn’t make significant money.

Certainly not enough to make up for mounting radio revenue losses.

Podcasting actually hurts radio station billing.

These are facts.

So why are Bob Pittman, Mary Berner, Ginny Morris, David Field and others betting on podcasting?

Fate of CBS Radio Employees in 2019

DIG DEEPER …

  • Is Entercom finally done ridding itself of CBS employees?
  • What about benefits and salaries?
  • The unsafest job by far for a CBS “leftover” in the year ahead.
  • Year two of the CBS formats all-news and sports under Entercom.
  • CBS female employees under David Field in 2019.

Read the full article now.

Top Sellers Exiting Cumulus

There are stunning new numbers on the extent of the talent drain at Cumulus.

And, like Entercom that has in essence purged CBS market managers and programming talent from their company, Cumulus is doing the same thing with the same results.

The employees they think they don’t need, they are laying off and the ones they can’t afford to lose are leaving – and the evidence is convincing.

Mary Berner did this exact same thing when she bankrupted Reader’s Digest and perhaps you don’t know how that worked out for her.

She was fired (or left) and Reader’s Digest eventually entered a second bankruptcy.

Employees want to know the Reader’s Digest strategy as they fear for their future and want to get a read on what’s going to happen next -- should they stay or go?

Read the full article now.