I have long suspected that this week's latest round of "layoffs" formerly known as firings would not end with the 590 victims Clear Channel claimed.
Now, I'm sure of it.
I'm told Chief Execution Officer John Hogan in a Clear Channel webinar said this is the end of the firings. The good company man that he is -- Hogan said they did their due diligence and this should take care of the personnel cutbacks.
That's why I am convinced there will be more -- because Hogan says there won't be.
But no matter what, the cutbacks and firings are proving to be not enough to save consolidated radio companies.
Clear&hellip
Recent Posts
- Will the Soros/Cumulus Rollup Succeed?
- The Meaning of Vinyl Outselling CDs
- Alfred is Looking After Alfred (Not Urban One)
- Details in the Audacy/Cumulus Rollup
- The P1 Podcast Model of the Future
- Tough Times Ahead for iHeart
- Nielsen’s Ties to Boeing
- Why a 3rd Cumulus Debt Extension
- The Missed Lesson of TikTok
- Radio’s Mid-Market Management Purge