The Clear Channel firings are over and what we're hearing is that another 500 or so positions will be eliminated as the private equity firms of Lee Capital Partners and Bain Media have their way with the radio industry.
Tuesday was a tough day for anyone who loves radio and its people. I received hundreds of emails -- many of them touching -- about the disrespectful way the dynamic duo of Lee & Bain and Mark Mays has handled the firings.
Reports that even loyal respected veterans were given the bad word the way everyone else got it and told not to return to their desks.
I mean, was that really necessary?
Is&hellip
Recent Posts
- The ‘Enshittification’ of Radio – Hedge Funds Next Moves
- My NYU Students Are About to Surprise Media Execs
- Beasley Kicks a Beasley to the Curb
- SiriusXM’s Last Chance
- iHeart Lenders Turn on Each Other
- Podcasting is Becoming Streaming Music
- The Efficacy of Pop-Up Stations
- Audacy’s Turnaround Hopes
- Radio’s Self-Inflicted Wounds
- What’s Next for AM Radio