If you thought the sale price for WABC, New York was shocking, how it came about is more shocking.
Even as WABC goes, Cumulus has reportedly distributed brokerage “books” out on stations some of which they claim are not for sale.
And there’s this -- two more Cumulus stations are likely to be given away to the best offer they can get within the next 30 days.
Employees are panicked.
And freaked out by the change in the way Cumulus is reportedly treating its employees during the asset selloff.
Recent Posts
- The Erosion of Radio’s Digital
- The Unintended Consequences of the CBS Radio News Shutdown
- The Major Market Selloff
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play