By definition a furlough is temporary – not meant to be permanent.
But during “Furlough Week in Radio” last week iHeart, Townsquare and Entercom offloaded employees using this tactic.
Cumulus is moments away from jumping in.
Not all furloughs are equal.
Some radio groups will actually recall a number of those furloughed and others have no intention of doing so.
Knowing which furloughs are real is the key to understanding future cuts.
Recent Posts
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money
- A Third Cumulus Bankruptcy?
- Beasley’s New Re-fi Drama
- Astonishing “Going Concern” Verdicts
- iHeart’s SiriusXM Non-Merger
- iHeart/SiriusXM Merger -- Seriously?
- Beasley Restructuring Reality Check
- The Mystery of the Disappearing Ratings