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
- Entercom's $100 Million Cost Cutting
- Next Week’s iHeart Bankruptcy
- Alpha Financial Crisis
- Scripps Sell-off Disaster
- The Dickey Cumulus Hostile Takeover
- The Entercom Management Fail
- iHeart’s Bully Bankruptcy Move Backfires
- A Second Cumulus Bankruptcy
- Cumulus Rate War Against Competitors
- Newspapers Buying Radio Stations