Audacy Preps for Bankruptcy by Increasing Spending

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  • For a company that is headed to bankruptcy, why is Audacy increasing its spending?
  • Where are they spending the money.
  • A first good look at David Field preparing for bankruptcy not preventing it.
  • CBS-type spending vs. Audacy penny pinching – why the change?
  • The fate of their well-publicized forced retirements.

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Click to read: Ford Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff Rules

You may also like: Bankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Ford Won the AM Radio Battle

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  • What Ford knows that broadcasters are missing about AM radio.
  • Sit down for this -- Ford will actually end AM’s audio disadvantage compared to FM, their plan.
  • The NAB knows the AM car battle is lost but why are they still pissing in the wind?
  • The carmakers dirty little secret is that they want to make radio (among other things) a paid app – here’s what will prevent them.

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Click to read: Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley 

You may also like: The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s Firing

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy Bankruptcy Negotiations

  • The rather surprising position of lenders as Audacy publicly declares it may no longer make it as a going concern.
  • The 3 things that Audacy must come away with or it’s game over.
  • The way things are leaning at this moment – bankruptcy, loss of control or stay of execution.

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Newstips

Click to read: The Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking Radio

You may also like: iHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital Numbers

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Cumulus is Panicking

INSIDE …

  • Cumulus revenue is off, their digital and podcasting gambits are inconsequential at this point.
  • They see an erosion of public confidence in their stock.
  • So what are they going to do about it?

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Click to read more stories: The Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings Charade

You may also like: Voice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Value Destruction of Audacy

Audacy has lost 99% of its value since the CBS merger in 2017 –  CEO David Field publicly criticized CBS at the time for inept management and said he was the only one who could fix it.

So how did he wipe out all the equity of a company that it turns out was never broken?

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Click to read more stories: iHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in Radio

You may also like: ESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Lenders Pressure Audacy for Deeper Cuts

  • Yesterday’s NYSE delisting and its effect on operations.
  • Lenders want more cuts and Audacy wants fewer – there’s a reason.
  • How that could change their layoff situation.
  • The thinking behind stating publicly that Audacy may no longer be a “going concern”.
  • What it all means to lenders, shareholders and remaining employees.

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Click to read more stories: How the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus Myths

You may also like: Top Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart Layoffs

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy On the Brink

  • Revenue projections for the rest of the year.
  • The chance of a lender-driven refinance.
  • What happened to all the promised layoffs and cost-cutting?
  • Which investors gets screwed the most.
  • Look who is ready to hijack the company.

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Newstips

Click to read more stories: Radio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar Status

You may also like: What is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart LayoffsAudacy Selling Stations to Prevent BankruptcyAudacy’s Tankathon

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Radio Is Changing Layoff Rules

  • What’s different
  • The perfect layoff (yes, one radio group has this down pat)
  • The hits keep on coming but employees are still shocked -- smart ways to prepare
  • The one thing that irks a laid off employee even as much as money issues
  • When to sue, when to take what you can and run

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Newstips

Click to read more stories: Bankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations

You may also like: The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart LayoffsAudacy Selling Stations to Prevent BankruptcyAudacy’s TankathonLayoffs & Lawsuits as iHeart’s Troubles Mount

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Bankruptcy Update on Audacy, Cumulus, iHeart & Beasley

INSIDE …

  • What’s new:  which of these consolidators have a chance to avoid bankruptcy, which don’t.
  • Why they now even fear making their debt payments on time as strange as that sounds.
  • Learn which ones are toast at Audacy, iHeart, Cumulus & Beasley should they go belly up.
  • The one problem they all have in common that will not go away.

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Click to read more stories: The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying StationsThe Mediacraft of Tucker Carlson’s Firing ...

You may also like: Audacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart LayoffsAudacy Selling Stations to Prevent BankruptcyAudacy’s TankathonLayoffs & Lawsuits as iHeart’s Troubles MountShould I Air the Trump Trials

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The “Bowtie” That Is Choking Radio

  • Taking back commercial placement strategy from PPM.
  • Bringing back the “clock wars”.
  • Nielsen isn’t going to alter quarter hour crediting rules that are on shaky ground with advertisers – here’s how to get around them.
  • Advertisers – not broadcasters – are the biggest part of Nielsen’s business and they don’t like change but this move will even make them happy.

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Newstips

Click to read more stories: iHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying StationsThe Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital Numbers

You may also like: Consolidators Risking Ageism LawsuitsNo AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart LayoffsAudacy Selling Stations to Prevent BankruptcyAudacy’s TankathonLayoffs & Lawsuits as iHeart’s Troubles MountShould I Air the Trump TrialsThe AM Station That Defies Failure

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

iHeart’s True Financials

INSIDE …

  • The financial health of iHeart broken down by radio CEOs who know all the tricks
  • How their strong revenue quarter comes with a caveat
  • Dig deeper into iHeart’s heavy debt
  • The reason some employees haven’t had a raise in over 10 years
  • Learn how much of their revenue comes from podcasting

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Newstips

Click to read more stories: Investors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying StationsThe Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital NumbersConsolidators Risking Ageism Lawsuits

You may also like: … No AM in Cars as an Assault on Right Wing RadioAudacy to Claw Back Sports RadioHuge Pay Disparities Discovered at iHeartSeverance Abuse During iHeart LayoffsAudacy Selling Stations to Prevent BankruptcyAudacy’s TankathonLayoffs & Lawsuits as iHeart’s Troubles MountShould I Air the Trump TrialsThe AM Station That Defies FailureEmployees Win Action Against Cumulus and Still Lose

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell