For the past two years, the ranks of American radio stations have been reduced by thousands and thousands of people.
Consolidators who found that they could not repay the loans they took out to buy their stations had no other way to cut costs. After all, the biggest expense at a radio station is talent.
Of course, the biggest asset at a radio station is also talent.
So, consolidators like Clear Channel, Cumulus and Citadel devastated their local operations, invented
cheap ways to import networked, syndicated or voice tracked programming and while they were at it -- committed one more act of&hellip
- The Actual Cumulus Layoffs Are Worse
- Immediate Cumulus Furloughs, More Coming
- iHeart Racing to Make More Cuts
- Which Radio Furloughs Will Get Recalled
- Full Disclosure About Entercom “Furloughs”
- Saga Guarantees Sales Commissions
- Cumulus Furloughs Likely to be Long
- Mass Entercom Firings Starting Today
- iHeart 90-Day Furloughs Could Be Permanent
- Townsquare RIFs 65, Concerns for Digital