I worked for Paul Drew when he programmed the Drake format in Philly and one of our Bill Drake-voiced station breaks said, "...And the hits just keep on comin". Back then it was true. Radio was thriving in the late 60's in large part because the music business was thriving. The Beatles, British invasion, Motown, Philly sound. Radio had hit the wall with too much talk and not enough music (sound familiar?), but the music kept radio hot.
Now the recent news that things for the record labels -- already stuck in a time warp by imitating themselves -- have gone from bad to worse.
EMI, the European member of the big four, cut&hellip
- iHeart Suspend Benefits, Entercom Fires Part-Timers
- Low on Money, iHeart Readies More Mass “Dislocations”
- Lee Abrams: AM/FM Slowly Destructing
- Cumulus Teetering on Another Bankruptcy
- Multi-Group Layoffs Start Within a Week
- Entercom’s Local Revenue Crisis
- Cumulus Stuck Paying $13 Million for No Baseball Games
- Cumulus Signaling Coronavirus Cutbacks
- Entercom Panics, Mass Layoffs Begin
- The iHeart, Entercom, Cumulus, Townsquare Big Surprises