Entercom Considering Talent Changes

  • Talent changes get serious for Entercom after January 1.
  • Coming are some big changes in where and how Entercom will use talent.
  • New stipulations in performers’ contracts that favor the company.
  • Spillover to non-contract Entercom talent.
  • Digital disruption of on-air talent.

Read the full article now   

Report Newstips  

The SiriusXM Takeover of iHeart

  • Imagine SiriusXM/Pandora/iHeart together as one now that the DOJ has blessed Liberty Media’s 50% stake in the terrestrial radio giant, it’s only a matter of time.
  • I know, you’re asking, will it be more of the same (losing billions, firing people and cutting jobs).
  • Don’t expect the SiriusXM/Pandora/iHeart to be your father’s iHeart going forward as everything is going to change – everything.
  • The debt problem … a new programming philosophy … a new killer way for Katz to hamstring iHeart competitors … those 10,000 iHeart employees that remain.

Read the full article now   

Report Newstips  

Radio’s Solutions for Record Q2 Losses

Starting this week, the excuses begin again as radio groups have to reveal record second quarter losses ranging from 25-57% year over year.

And things are not looking up in the current 3rd quarter as COVID and the economy are killing the radio industry.

You can bet the CEOs will doubletalk their way into making gigantic losses like little ones even though the 25-57% losses are Wall Street’s real estimates and do so at their own peril.

It’s impossible for any radio group to survive without bankruptcy or reorganization if these negative trends continue.

There are a few radio groups that actually have a plan that could work or at least mitigate this worst-case scenario.

Two will absolutely survive, two will very likely head into refinancing/bankruptcy in 2021, and one is planning something unorthodox for the radio business.

Read the full article now

Newstips  

Townsquare Fires Nielsen in All Markets

Read the full article now   

  1. Two major groups have now told Nielsen to shove it and Townsquare is not done cutting questionable expenses.
  2. The ways Nielsen is playing hardball with radio companies looking to cancel.
  3. Red flag:  Nielsen reportedly considering a retaliatory move of their own.
  4. When Liberty buys 50% of iHeart as the DOJ just okayed, do they keep Nielsen or do without?
  5. BTW, if you’ve never heard the beating Nielsen gave Saga over what some called trumped up charges of ratings theft, it has a surprise ending.

Longer Shifts, Stretching On-Air Talent

You could almost see this coming.

iHeart and other radio groups are already setting up another major salary dump by quoting Edison research. 

Entercom has a plan that is even more reckless because it raises the ire of unions, over works their on-air talent and provides even more cover for another reduction in work force.

Speaking of that, the 2nd quarter radio revenue reports are due within the next few weeks and that is the accelerant that will set off more firings.

Even top name talent is now in the crosshairs.

Radio doesn’t need the coronavirus as an excuse for firing, the worse RIF in iHeart’s history occurred before the lockdown this past winter and as usual programming will take the biggest hit.

Read the full article now

Newstips