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WNYC picks Christy Tanner as next CEO

Y2kTheNewOldies

Y2kTheNewOldies

current.org

NYPR picks Christy Tanner as next CEO

“As a longtime fan of NYPR’s magnificent work, I’m honored to join this powerhouse organization with local heart and global impact,” Tanner said.
current.org current.org

Christy Tanner is best known for her time at CBS News and TV Guide Digital prior to being the president of WNYC.

New York Public Radio has named a former CBS News Digital and TV Guide Digital executive its new president and CEO.

Christy Tanner immediately takes the helm of NYPR, which includes WNYC, WQXR, WNYC Studios, Gothamist, The Jerome L. Greene Performance Space and New Jersey Public Radio, according to a news release.
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She's coming in at a rough time. Layoffs will almost certainly be necessary and the station is going to have to make some hard choices.
 
umfan said:
She's coming in at a rough time. Layoffs will almost certainly be necessary and the station is going to have to make some hard choices.
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New York Times:
Public broadcasting has been in tumult since Congress voted last year to strip more than $500 million in annual funding from the Corporation for Public Broadcasting. But New York Public Radio has been mostly insulated from the change, since it received only about 4 percent of its funding from the corporation. Like other stations, it has benefited from a surge in listener support since Congress began contemplating cutting federal funds last year, surpassing its fund-raising goal of $57.7 million for the fiscal year by roughly $4 million.
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Archived: https://archive.ph/a3Y45
 
umfan said:
That's been the story from a lot of public media concerns who claimed just a small part of their budget was affected, but then they move out with layoffs and other significant cuts that seemingly belie that narrative. I somehow suspect that WNYC will have to make somewhat similar adjustments.
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WNYC already did some major rounds of layoffs though. And their business model is getting the audience to pay for programming that they deem high enough quality to support. At some point they need to stop getting rid of the people who create that.
 
umfan said:
That's been the story from a lot of public media concerns who claimed just a small part of their budget was affected, but then they move out with layoffs and other significant cuts that seemingly belie that narrative. I somehow suspect that WNYC will have to make somewhat similar adjustments.
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The layoffs were happening before the cut in federal funds. WNYC received 4% of its budget from CPB. To respond to that, they either have to replace that money, or cut 4% of their staff. That's simple economics. They can't go into debt.

The audience for traditional linear radio is declining. That's a fact. WNYC has been transitioning its resources to online and on-demand content. But even then, while it reaches more people, it makes less money.

Meanwhile people want their media for free. They don't want paywalls, they don't want fundraisers, and they don't want commercials. But I predict that WQXR will change its status to commercial at some point because the FCC rules about funding announcements are too restrictive.
 
Theater of My Mind said:
WNYC already did some major rounds of layoffs though. And their business model is getting the audience to pay for programming that they deem high enough quality to support. At some point they need to stop getting rid of the people who create that.
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People like what people like. Quite often it has nothing to do with quality. Sirius also bases its model on radio that people will pay for. But they're also losing money. So perhaps the business model isn't working. People also want media for free. That's becoming a problem.
 
TheBigA said:
People like what people like. Quite often it has nothing to do with quality. Sirius also bases its model on radio that people will pay for. But they're also losing money. So perhaps the business model isn't working. People also want media for free. That's becoming a problem.
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Here is Sirius/XM 2025 data, just released.

investor.siriusxm.com

Income Statement

investor.siriusxm.com investor.siriusxm.com

They had a net profit of $805 million, or $2.38 per share. 2024 had a loss, due to a one-time "impairment" charge of over $3 billion dollars. in 2023, they made $786 million.
 
davideduardo said:
They had a net profit of $805 million, or $2.38 per share. 2024 had a loss, due to a one-time "impairment" charge of over $3 billion dollars. in 2023, they made $786 million.
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If you dig into the numbers, you'll see that the only growth area was in podcasting, where they're up 41%. Subscriptions are down, and so are revenues:

Total revenue declined 2% to $8.6 billion, with SiriusXM revenue down 2% to $6.4 billion and Pandora flat at $2.1 billion. Fourth-quarter revenue slipped $5 million to $2.2 billion, while net income fell to $99 million from $287 million a year earlier.
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After they announced earnings, the stock dropped from $23.61 to $21.68. The stock is down from a 52 week high of $27.41.
 
Hmmm, not very public for an allegedly PUBLIC radio station.

Non-Profits should have to disclose executive compensation if they solicit donations IMO. Public traded companies have to.
 
umfan said:
Hmmm, not very public for an allegedly PUBLIC radio station.

Non-Profits should have to disclose executive compensation if they solicit donations IMO. Public traded companies have to.
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They do. They will disclose it on their tax forms which will be posted on their websites. The previous CEO's salary is available that way.

No HR department will ever give out personal information of its employees for privacy reasons.
 
TheBigA said:
They do. They will disclose it on their tax forms which will be posted on their websites. The previous CEO's salary is available that way.

No HR department will ever give out personal information of its employees for privacy reasons.
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No reason not to disclose something now that will eventually be disclosed anyway if there is nothing to hide.

Donors deserve to know how much of their donation much of their money is going to excessive executive compensation.
 
umfan said:
No reason not to disclose something now that will eventually be disclosed anyway if there is nothing to hide.

Donors deserve to know how much of their donation much of their money is going to excessive executive compensation.
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Once again, we're talking about someone's personal information. This is proper HR procedure.

All non-profits have figures on the percentages of money that go to salaries. That's not what was asked for by the reporter.
 
JJSPC said:
It's been mentioned in other posts, but is it really worth keeping AM 820 going at this point? Just a question.
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Before the AM and FM became a full-time simulcast and were combined in the ratings last year, WNYC (AM) was doing almost as well as WOR in the ratings despite having a weaker signal. IIRC the last rating the AM got on its own was 0.9.

It's still useful in the mountainous parts of NJ where terrain blocks reception of the FM signal.
 


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