CBS Merger Meltdown

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  1. Entercom’s quarterly revenue is scaring the stock market and Entercom employees.
  2. David Field blames U.S. Traffic Network for their revenue problems – is he right?
  3. Now will Field unleash the nuclear option he has threatened in the past?
  4. What’s behind Entercom shunning CBS minds and opting to go with a not-ready-for-primetime group of Field cronies.
  5. A $4 Entercom stock was predicted a month ago, will that happen and wreck both CBS stations and Entercom?
  6. How CBS Radio employees are going to pay for Entercom’s mistakes.

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Cumulus Backs Off Turnaround Promise

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  1. The surprise doom and gloom scenario Mary Berner’s CFO is now offering after initially assuring a reasonable turnaround.
  2. Just how bad is the latest Cumulus financial outlook.
  3. How did the court ignore these draconian predictions and approve the Berner Plan anyway and why unsecured creditors have returned to court to object.
  4. What’s real and what isn’t with Cumulus revenue – here are the confidential pacing’s as of last Friday.
  5. What happens to Lew Dickey’s takeover attempt?  His “blank check” loan expires if no Letter of Intent is signed by mid-November – then what?

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Entercom’s Equity Investment in US Traffic Network

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  1. Why David Field just took a position in USTN instead of buying the whole thing – how much did he buy.
  2. Is buying all of USTN still on the table for Entercom.
  3. Field has complained that USTN killed its revenue in the previous quarter, here’s how Entercom renegotiated the deal originally done by CBS pre-merger.
  4. How stable is USTN’s future.
  5. Westwood One or some other syndicator – Entercom needs one, will they buy one.

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Westwood One Headwinds

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  1. Westwood One has been turning in profits quarter after quarter, so why is there so much concern for its future?
  2. Why Westwood ads cleared on Cumulus stations are killing their revenue.
  3. The small but impressive competitor already eating into Westwood One revenue.
  4. All radio companies now realize any future growth will depend on digital – what Westwood One’s digital plan looks like.
  5. Red flag:  24/7 formats.

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iHeart Employee Crackdown

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  1. Disturbing rules restricting personal behavior – here’s a sampling, all true.
  2. Tons of rules – even on how and when to dispose of birthday balloons (you can’t make this stuff up).
  3. Lamps, work stations, how to behave – new rules for these things and more.
  4. We break into the iHeartMedia Design Guide and share.
  5. Why and how iHeart employees are pushing back and calling management “dumb bastards”.

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