Entercom’s Next Round of Operational Changes

David Field spent money recently for the advice of Bain Capital on how to run Entercom.

Never mind that Bain is the genius behind iHeart’s $20 billion bankruptcy.

And a main investor in Nielsen the singlehandedly most controversial way to measure real radio audiences.

What’s in the works starting soon.

Now that David has had a few weeks to digest the gist of the Bain recommendations, he’s ready to implement them and both legacy Entercom and newly-purchased CBS Radio have plenty of reasons to be concerned.

Whose jobs will not be safe under the Bain recommendations -- six job descriptions will either be virtually eliminated or drastically cut back and when it will take place.

What functions will not be affected at Entercom even after enacting Bain’s suggestions.

Bain’s recommendations on employee compensation. 

And talent fees.

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Beasley’s Dominance over Entercom

Entercom is supposed to be the big kahuna in sports having inherited many CBS Radio brands.

But Beasley looks like they have Entercom’s number.

The CBS sports professionals are gone from Entercom and the David Field of Dreams is now the strategy that replaced sports talk.

Suddenly, Beasley is doing things that are not just beating Entercom.

How Beasley is using the old CBS sports playbook against Entercom, the company that bought the CBS stations.

The mixed news on sports programming that makes money but drives listeners away in droves.

Just when Entercom and Beasley are betting their futures on sports, everything just changed again.

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Entercom Salesforce Public Shaming

There is no doubt that David Field and his top cadre are feeling pressure from the failed CBS merger and the inability to build shareholder equity for their stock.

Now it appears the pressure is being applied to local station management where itis beingredirected to employees who are performing at a high level – just not high enough to bail out top management.

How Entercom has devolved to shaming their employees.

The way they do it --- to the horror of other employees who look on in fear.

Why this could be the template for other stations.

And why Entercom is only targeting CBS stations.

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The 2nd Cumulus Selloff Including KLOS

Cumulus is apparently willing to weaken its competitive position by selling more radio stations to pay down debt holders.

Usually radio groups do this to keep the wolf away from the door.

In the case of Cumulus, the wolf is already in the company (lenders in ill-humor) which is why they are selling off assets that would be critical to continue operation.

The $100 million raised from selling stations to Educational Media Foundation was just the beginning.

What does the 2nd piece of the Cumulus selloff look like?

Will KLOS will be sold in round two?

What’s up with the previously scheduled “reunion” of Mark & Brain.

Has Cumulus found a buyer for standalone AM stations they no longer need such as KABC and WABC?

Westwood One’s fate.

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Streaming Music Services Confronting Radio

Streaming music services are killing radio.

Playlists are preferred over radio formats.

And it’s getting worse.

Just 39% of 16-19-year old’s listen to music radio, while 56% use YouTube instead for music.

But wait.

Lew Dickey bought a streaming music company Akazoo which focuses on emerging markets and yet he still wants to own radio stations. 

How does he square that?

What’s the new role for modern radio?

Is it even worth doing radio formats for Gen Z or younger Millennials given their unavailability?

And can the connected car and smart speakers help radio defend against streaming music services?

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