- Audacy is leading the radio industry in the elimination of middle management as an answer to continued large earnings declines and threats of not being able to service debt.
- We dive into whether this reduction in market managers is just getting underway or heating up.
- And what would trigger the next round of so-called “operational improvements” to avoid covenant breaches.
- It’s best to have no surprises and look ahead to whether this is the new, permanent operating architecture. And as bad as this is for high profile managers, one job is a must have at every station now, no matter what.
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