Kim Guthrie has been one of the outstanding top executives in the radio industry.
So, it came as no surprise that when Apollo Global Management bought Cox TV stations and eventually their sister radio stations, Guthrie was part of the deal.
Corporate headquarters remained in Atlanta and Guthrie’s team largely stayed in place.
Then, the first cutbacks – this was before Coronavirus.
Guthrie doesn’t do cutbacks so this was a bad omen as we pointed out at the time.
Now, no Guthrie – no stability, no shared vision – just a bunch of private equity people who are out $3.1 billion for the Cox TV stations and subsequently $500 million for radio.
You better believe previously unimaginable changes are coming to Cox Media.
- Local Advertisers Dumping Radio
- Audacy Preps for Bankruptcy by Increasing Spending
- Ford Won the AM Radio Battle
- Audacy Bankruptcy Negotiations
- The Surprise Audacy CEO After Bankruptcy
- Crocodile Tears for AM Radio
- Cumulus is Panicking
- The Value Destruction of Audacy
- iHeart’s Future in Artificial Intelligence
- Lenders Pressure Audacy for Deeper Cuts