The bane of Lee and Bain!
According to the dictionary the word bane means "a cause of great distress or annoyance". That being said, the word Bain as in Lee and Bain, the investment bankers who will make Clear Channel's privatization possible is firings -- massive firings.
Ten in Los Angeles alone last week.
What better time for consolidators that can't get their share price up like Clear Channel to pink slip people than right before Christmas. Families love to have their breadwinners come home and say, "honey, I shrunk our incomes".
You might think it harsh for me to blame Lee and Bain for these actions&hellip
Recent Posts
- The Erosion of Radio’s Digital
- The Unintended Consequences of the CBS Radio News Shutdown
- The Major Market Selloff
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play