Then what is that experience? I don't understand what you're looking for. How do they define it?
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Alice's Restaurant?
- Thread starter ssetta
- Start date
And I don't know who those people are that think Elvis will come to Boston, but that's pretty far fetched. They continue to put local morning shows on their big market, dominating stations. KISS is obviously a heritage station with a loyal audience. A syndicated show is highly unlikely, but never say never.
No I am not. As a former owner, I understand the difference.
The "things" I want them to do is with their local radio stations.
We have a difference of opinion
Seacrest is indeed a great talent. However, "On-air with Ryan Seacrest" is not compelling nor creative content.
And from what I hear from colleagues in iHeart....creativity is done from the top down...and people at the local level do not have the authority to make decisions on their own.
That's different from what you said earlier. Local budgets are based on local revenues, not on the corporate debt. Does iHeart Boston have a sponsored local studio/venue that invites artists and contest winners for exclusive concerts and promotions? That's what they do in other cities. Maybe that will come now that they have more stations in Boston. There are lots of things that can be done with local stations that don't necessarily cost money if they're sponsored. That's where creative sponsorship comes in.
It really depends on the market. Baltimore has a Hall of Fame morning show, and they weren't required to replace it with syndication. If you sign a talent or management deal with iHeart and they don't give you local authority, you need a better agent. Or maybe you need an agent in the first place.
"Top down" where? There are lots of regional SVPs of Programming. This isn't a simple "top down" company with one guy who does everything from a single home office. They have lots of people in creative positions around the country. But yes, it's a big company. If you want to work at a mom & pop company, where pop signs the checks and mom makes lunch for everyone, this isn't that kind of company.
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You're talking apples and oranges.
Local budgets (expenditures) are being cut....to maximize the money sent to the home office under pressure of the ongoing massive debt servicing.
I'm sure they are doing everything they can to maximize billing.
There's a lot of "maybes" in this scenario.
You mean....like a local morning show...that can be paid for by sponsorships?
What a great idea! ;-)
I think you need an update on entertainment and contract law.
Can you name a local station that has executed their own promotion that wasn't directed from above?
Can you name a middle market PD that has been able to add a song without clearing it with corporate?
And..? My point was local PD's don't have a lot of authority...and not a lot of budget. \
Not a single guy or office....but creative seems to come from above...never organically from the grassroots level.
Can you design your own web page? Nope! Can you deign your own logo? Nope! Can you add a song as a middle market PD? Nope! Can you come up with a zany contest on your own? Nope!
It sure isn't! It's a corporate behemoth that has very little creativity and is being strangled by corporate debt.
Once again, the debt has nothing to do with creativity. Yes it's a big company. So is CBS. So is WGBH. Have you ever tried to get a programming idea through their bureaucracy? You want to design your own web page? Start your own company. If you want to work for any company, regardless of business, regardless of size, you have to get approvals. None of this has anything to do with my original point.
Once again, when you are paying your debt service with money that could be spent on creative and R&D...yes it does.
Pretty simple actually.
The cash flow is sufficient to do both. That's what they've been doing for the last 8 years. They have profitable divisions. The profits from those divisions are allowing them to pay debt service as well as create new shows and services. Plus real creativity doesn't cost money. It costs creativity.
Once again, compare them to other broadcast companies. Who is doing more creative R&D? Certainly not CBS.
Says who? You?
Once again, this is what we call a difference of opinion.
Nice thought...however, once again, creative needs people....and people cost money.
They have never been unable to hire creative people. If you have an example, post it. Once again compare them to any other broadcast company.
Variety is a pretty reliable source
http://variety.com/2017/biz/news/iheartmedia-layoffs-results-bankruptcy-1202409556/
There have also been widespread layoffs at various iHeartMedia properties in Chicago, Detroit, Tampa, Cleveland, Cincinnati, Jacksonville, Sacramento, New Orleans, Grand Rapids, Florence, and Mobile, Alabama; Biloxi, Mississippi; and Canton, Ohio — which are widely seen as coming in anticipation of what many believe will be a potential bankruptcy filing, even if that possibility has been denied by the company. At press time, 19 employees were known to have been let go.
You're assuming the people who were let go were creative. Also assuming they won't be replaced. Also assuming the layoffs and the corporate finances are related. I have no reason to believe any of those are true. Also, 19 people in a company the size of iHeart is very small.
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There is an overall industry expectation that iHeart will participate in a structured Chapter 11 filing, where the lenders get equity in exchange for un-payable debt and the investors take a haircut.
With that resolved, the company has powerful cash flow on operations, and should be quite viable.
I assume that creativity (i.e...the human element) needs people/bodies.
Bodies cost money.
Yes.
You're making a lot of assumptions. You know what they say about assume.
Assumptions, based on experience = opinions.
That's what these boards are for, right? ;-)
Happy Holidays!
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