We know that Bob Pittman was laying thousands off at iHeart before he had the coronavirus to blame.
And David Field has been canning people from the moment he bought CBS Radio – remember the $110 million cost synergy pledge he made to lenders.
And that Cumulus has been nuking their staff before, during and after bankruptcy – they didn’t need a virus to blame it on.
Beasley did it, Univision flush with half a billion in cash is doing it.
But what about Saga, the company with the least debt and the highest stock price?
All this becomes more critical to look at to see what a profitable radio company is planning to do.
- Blowback Over Audacy’s $825,000 Employee Contract
- Programming to Short Attention Spans
- How ChatGPT Can Help a Radio Station
- Radio Groups Pressured to Cut Staff
- Video Podcasts More Popular Than Audio
- How Radio Will Beat FTC’s Non-Compete Ban
- Audacy Bankruptcy Becoming More Likely
- Townsquare May Shut More AM Stations
- Audacy On a Spending Spree
- iHeart Suckers 43 Air Personalities