Locally, Terry Foxx is the only casualty that has been confirmed by industry trades. He launched the station in 2012 after a successful run programming 93.7 KDKA-FM Pittsburgh. He was also brought in to program Star 94 after the mishandling of the morning show changes in 2019.
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Entercom nationwide cuts
- Thread starter HerbTarlek
- Start date
I wonder if the reason he got cut was simply the size of his salary. From the outside looking in, it appears to me that he did a great job with 92-9 The Game.
There is a rumor that 60 lost jobs in Atlanta alone!
And while the ship is sinking, Joe and David Fields busily re-arrange the deck chairs!! Joe is furiously buying shares and David keeps feeding investors non sense. Entercom is the future of broadcasting in America??!! I hope not....
And millions of jobs lost in other businesses. Keep in mind radio is not immune from what is happening. If all stores and businesses are closed, there's no need for them to advertise. If there's no advertising, then there's no money for radio to pay staff. Domino effect.
Advertising has always been an economic barometer...it will not surprise me to see ALL media suffering greatly for months to come.
The "60" number may actually be 6. The text I was reading from said 60 but that may have been a typo. 60 souls in one whack...that would be extreme! But these are not ordinary times we're living in...
Keep in mind that some are layoffs, some are furloughs, and some are eliminated.
I'd bet their chief engineer in Atlanta is happy he recently retired.
I'd be surprised if there was anyone left at Entercom Atlanta if they laid off or furloughed 60 full-time staff - unless they had one of the corporate production or traffic hubs?
And now let's welcome Entercom to the penny stock list along with Salem and UrbanOne. Entercom is down over 25% as of 1319 4-03-2020 now at $0.95/share.
Being the rocket scientist that I am I bought $1000 of Entercom when the CBS merger happened. My account is now worth less than $75.
If anyone wants investment advice feel free to ask...
Being the rocket scientist that I am I bought $1000 of Entercom when the CBS merger happened. My account is now worth less than $75.
If anyone wants investment advice feel free to ask...
Depends on their revenue stream: Netflix is pretty healthy right now. But ViacomCBS has lost a ton. Same with Disney.
Subscription media is OK. People are watching, and as long as they can pay the bill, they're OK.
But if you're ad-supported media, and all the advertising disappears, you're in big trouble.
What happens when they can no longer pay the bill for subscriptions -- there's the glitch.
I guess we'll find out.
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