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
- iHeart’s Foreign Ownership Hall Pass
- Radio’s Self-Inflicted Markdown
- Cumulus’ Death Spiral
- Inside iHeart’s Barter Machine
- The Audience That Stayed
- Foreigners to Radio’s Rescue
- Should Radio Demand a Button on the Digital Dashboard?
- What Everyone Is Missing at Cumulus
- Independent Owners Retirement Crisis
- Are Beasley’s Major Markets Next