Working at Audacy/Entercom for over 20 years, on air and off air, the company was incredible. I left Entercom to purchase BIG WECK just after they announced the merge with CBS.
I had a personal relationship with David Field, down. Could not ask for a better run company.
My dealings with Tim were always good and professional. He knows his stuff when running a news/talk. Total professional. I wish I had him at the Patriot.
I never saw Tim as a GM/VP because I only know his programming capabilities on WBEN. From what I am being told, Tim will not be in charge of the stations. He has either a new position, I heard sales manager, which does not make sense to me, as I do not see that as his wheelhouse, or consultant, or whatever. I do not put it past any of these larger broadcast groups to eliminate the best people.
When you ever get a new manager involved like Audacy Buffalo/Rochester have now, it’s always a little frightening and I hope everyone comes out ok.
It is very hard to create new revenue right now, so for your P|L if you cannot create new revenue, you need to go to cutting expenses, the ones that hopefully hurt the product and company the least.
These cuts, adjustments are going to keep happening at a rapid pace. These stations will fall back into local hands. The prices will be rock bottom, especially if you are simply purchasing the license without real estate, etc.
Audacy has lost a lot of their assets in Buffalo. WTSS , Buffalo Bills, Buffalo Sabres, key people, 107.7 as a separate way to make local money. I also hear that reps only have to come to the office for an hour meeting a week, not to mention the gigantic bankruptcy.
They may be the top billing radio company in the market, but their total revenue has got to be taking a hit over the years.
I hope whatever the c-suite is doing that all my brethren at Audacy will be ok. They are good people, and most of all, they are passionate about radio
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