Company-wide cutbacks.
One way to cut costs is to sell radio stations which Cumulus announced yesterday when it offloaded its Albany, GA cluster to a local operator for $450,000 (4 FMs, 1 AM, 1 translator.)
Starting next week, there will be another go-round of furloughs in sales on unsuspecting victims.
We now know which sellers are in harm’s way.
And reportedly there is a buyer looking to cherry-pick the Cumulus portfolio and one other radio group.
Recent Posts
- Lenders Seize Control of Cumulus
- What iHeart Isn’t Saying
- “Pausing” Radio Stations
- Radio’s Smoking Gun
- Leadership Vacuum Backfiring at Saga
- Inside the Beasley 111% Stock Surge
- Spotify’s Siphoning Local Radio Dollars
- The Distracted Listening Epidemic
- Audacy’s U-Turn
- Warshaw Isn’t Negotiating with Cumulus BUT…