The rumors are persistent.
Clear Channel plans to spin off iHeartRadio from the company.
True or False?
One sure bet – their radio stations are in for some changes.
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- What bold move is reportedly being discussed at the highest levels of Clear Channel.
- Is it just the app that would front a new company or the radio stations? Regionals or majors?
- How a radio group $21 billion in debt and unable to make its budget could go public.
- What happens to that multimedia concept that Pittman champions in public if they split off some divisions.
- Which divisions are likely to get separated from the parent?
- How splitting into iHeartRadio and going public will kill thousands of potential jobs.
- Look no further than this week’s announcement of an iHeartRadio network to see the future of Clear Channel.
- How sales RIFs are continuing as predicted with more sales managers, sellers and sales assistants being fired every day this week – including yesterday.
- Why Pittman’s job is in jeopardy with his bosses Lee and Bain.
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This article was made possible by information from several sources close to the situation. When you report news, you are automatically in my Witness Protection Program, which has never revealed a source.
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- Scripps Sell-off Disaster
- The Dickey Cumulus Hostile Takeover
- The Entercom Management Fail
- iHeart’s Bully Bankruptcy Move Backfires
- A Second Cumulus Bankruptcy
- Cumulus Rate War Against Competitors
- Newspapers Buying Radio Stations
- Cumulus Orders More Trade
- The iHeart Breakup
- Cumulus Management Consolidation