Radio’s Black Friday

Friday did not just end a bad week for the stock market, it was also the beginning of the end for what's left of the radio industry.

The final round of personnel cuts is coming to a radio group near you between now and the end of the year.

CBS decided to go first.

LARadio broke the news Friday that a massacre occurred at CBS in Los Angeles when KNX and KFWB fired 2o staffers for an estimated one million annual cost savings. We've seen a lot of cost cutting in radio almost since consolidation started back in 1996 -- remember the mantra -- economies of scale.

Now it's panic firing.

Revenues are down due to&hellip