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.
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