- iHeart stations continue to miss their revenue targets in Q1, debt mounting over the $20.5 billion range.
- Next week’s “Summit” takes place in Las Vegas Monday with the atmosphere of a mortician’s convention.
- Pittman has expanded the group of attendees to include regional market execs.
- He may risk sounding like “Happy the Clown” because of his pie in the sky public attitude, but the attendees are going to see the darker Darth Vader side of Pittman.
- More cuts even though they are a pimple on Bob’s behind and salaries are definitely not the problem – why do it, then?
- How these cuts will be decided – why those who took the company’s recent “employee survey” are worried.
- Pittman’s plan to run 800 plus stations on the minimum number of people.
- Programmatic media buying being sped up to replace relationship selling.
- Rate cutting will continue with repercussions for iHeart’s competitors and the entire radio industry.
- And the growing influence of Marc Chase – the Randy Michaels dirty tricks artist who Pittman is elevating above his own excellent programmers to run iHeart like Jacor – what’s that all about?
- Bankruptcy cannot be avoided with debt spinning out of control and Pittman’s plan has bankruptcy front and center.
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