All that talk about keeping Kim Guthrie and her team was just talk as we found out recently.
Then Apollo Global Management cleaned house and turned right to the Bain playbook.
But it’s even worse.
More resignations. More uncertainty. A new mission after paying $3.1 billion for the TV stations and reluctantly paying another half billion for radio.
The new owners seem to be ready to trade off consistent profits for an approach that concentrates on reducing debt.
They will transform the best run media company into what will soon look like iHeart and Cumulus all in one.
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