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• What’s the delay -- the FCC has totally relaxed ownership limits.
• The radio groups most likely to see an increase in foreign ownership.
• Let’s just put this out there – the big surprise of what foreign controlling ownership would do to U.S. radio programming, sales and marketing.
• The handful of foreign owners that could buy controlling interest and the list not likely to invest in American radio.

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• What could be so bad that Audacy began selling programming blocks instead of commercials.
• Why news radio’s days at Audacy are numbered.
• Oh no, Audacy at it again demoting top sellers specializing in news radio this time -- the botched handling of a good guy.
• How all this sales churn is even possible as the company continually misses its revenue targets.

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• 3 right wing talk show hosts who have disavowed vaccinations have now died while radio CEOs like Mary Berner and Bob Pittman refuse to stop the disinformation. 
• The return of comparative FCC hearings as a way of getting consolidated radio to protect the wellbeing of their listeners, how it would work. 
• The tone-deaf response of a Cumulus market manager upon the death of one of their talkers.

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• Another week, another sales exodus at Audacy – more defections to competitors and abandoning the market. 
• The latest reasons why Audacy employees are walking out.
• What regionals and corporate execs are doing to stop the continuing sales exodus.
• Accusations of favoritism toward certain types of sales people.

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• WHY? Wait until you see the plans Big Tech companies have to punish remote workers – the perfect radio template.
• TIMING – The pandemic heating up again changes everything or does it?
• WHICH GROUPS GO FIRST – There are a few suspects but one could be more motivated than the others.
• THE NEW MEANING OF DRIVE TIME – How where you are located could dock your pay for working remotely.

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• A major player who has been particularly skilled at targeting companies in financial turmoil and buying their debt, often at pennies on the dollar is in hot pursuit of Cumulus.
• DISTRESSED FOR SUCCESS – This power broker has done billion dollar plus deals in TV -- what’s so attractive about a failing radio company whose stock could easily be worthless.
• CUMULUS POISON PILL – How their board could repel a hostile takeover or facilitate one.
• PLAN B – The many ways this acquirer could make life hell for Cumulus.

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• A high profile Audacy market manager who drove 19 sellers to quit gets unceremoniously fired under the radar and replaced with a cheaper solution.
• THE REGIONAL GETS AWAY SCOT-FREE – How the guy who appointed her saved his neck while his mistake takes some time “to explore other opportunities”.
• CALL I-800-CALLCBS – Suddenly the safest job these days is not one held by legacy Entercom/Audacy employees.
• THE DONALD TRUMP OF RADIO – Where David Field’s “I Alone Can Fix It” mentality is headed next and concerns about one-way loyalty.

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• Audacy seems to be turning on its own legacy employees to defer to the CBS employees the company once dissed. 
• JEFF SOTTOLANO – He was reportedly not Audacy’s first choice to replace Pat Paxton – here’s who reportedly turned it down.
• KOOL-AID FACTOR – Is Sottolano a yes man or his own man, news, sports and talk stations need to know.
• THE REAL REASON – Why now? Friday afternoon, after 21 years, 100% loyalty Paxton suddenly sent packing.

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• The under the radar high-profile market manager who reportedly doesn’t live in the market.
• Issues recruiting A-list management talent.
• The shocking issue at Audacy when trying to hire talent, market managers or brand managers.
• Their biggest impediment for hiring the best people – and what they are beginning to do to get around it.

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• Why this smells like a Nielsen-type lawsuit settlement.
• Managing by lawsuit – other potential examples of sue first, deal later.
• The next Cumulus lawsuit to end in a business deal.
• Why Cumulus refuses to sell Westwood One when other assets have been sacrificed.

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• The latest financials -- when Audacy will have to channel iHeart and Cumulus and enter bankruptcy.
• Remember that $75 million loan they did a few weeks back where they put up their future collections as collateral? Now we know why.
• EBITDA is down, revenue is down, their stock is down and that’s still not the thing that’s going to force them into bankruptcy.
• What stays and what goes between now and then.

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• We now know the number Cumulus must generate to stay afloat – they aren’t saying publicly but you decide their chances of hitting it between now and the end of the year.
• What they left out of their 2^nd quarter conference call last week – how fast they could burn through the $124 million they have left.
• The amount of needless cash burn they ran up by initiating lawsuits most people may not even have heard about.
• What is Chapter 22 bankruptcy.

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• Today Audacy will announce their amazing turnaround compared to the same anemic quarter last year during the pandemic – David Field won’t be talking about his real estate excesses.
• Here’s a clue to why he is so quick cutting people and not cutting out office, studio and mortgage payments.
• The office and studio prognosis for saving rent.
• Little known buildings Audacy owns searching for a reason to be used.
• As I said yesterday, Audacy is reportedly planning to merge markets but look at the depth with which the company has tied its own hands from realizing maximum savings.

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• The Audacy markets likely to have a combined and merged market manager.
• Only a few “teacher’s pets” are immune – no one else is safe from Audacy market mergers.
• Weezie Kramer stood up to David Field when he came up with bad ideas … Susan Larkin?
• And the pressing question – what next after-market managers have been pared down?

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• The email from regional controller Steve Grosso that has an already perturbed sales staff threatening revolt.
• Cut commissions, a sales system that AEs are convinced doesn’t work – and now this.
• The changes coming to account collections.
• What market managers fear will happen by the end of this year even if they deliver.

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