David Field let the door hit him in the butt on the way to taking a minor pay cut as all the other major CEOs went first.
Then yesterday he circulated a memo to employees telling them many will lose their jobs while arguing how bad things are and how good they are – at the same time.
And that lots of them will be temporarily “furloughed” and others will have their pay cut just like their CEO.
Except for one thing.
The “Furloughs” are phony.
Perhaps the most important disclosure about the Entercom firings is in the fine print.
Recent Posts
- Why iHeart Never Sells Stations
- iHeart’s Radical Makeover
- How Creditors Pick Beasley Clean
- SiriusXM, iHeart Merger Talks Explained
- Cumulus’s New Ownership Alarm
- The Private Sale That Cratered Beasley
- The Station Liquidation Crisis
- Who Gets Beasley?
- The Disappearing Brand Manager
- iHeart’s Overlooked Profit Engine