Clear Channel President and CEO John "The Chiropractor" Hogan has now completed an adjustment on his patient.
In one day (yesterday) -- 590 people were fired from Clear Channel. Add this to the 1,800 or so that were cleared out in January and all the "little firings" in between and you can see why Hogan has become the CEO (Chief Execution Officer).
And the term "adjustment" is exactly how Hogan described this mass execution of radio talent to the surviving employees in a company letter:
"In January, we took the first steps to adjust our business to the realities that all media companies face this year. Those actions&hellip
Recent Posts
- AI Insights from My NYU Music Business Class
- Cumulus Just Blinked
- Urban One’s Nuclear Option
- Inside iHeart’s “Guaranteed Human”
- iHeart Mismanagement Exposed
- The Trojan Horse Deal to Rope in Station Buyers
- iHeart Cooked the Essential AM/FM Car Study
- How iHeart Blew the TuneIn Deal
- The Perfect Buyer Waits for Cumulus
- Beasley Asset Sales Plausible