The KABC PD job was posted on Radio Insight a few days ago before this move was announced. My first reaction was “they have a PD?”
Isn’t KABC at this point basically a rack in a WW1 facility? I recall there was a post in another thread a few years ago suggesting that. My assumption was that maybe the ops manager in Ventura was babysitting the details.
Second reaction was about the posted salary range, 80-100k. Bet the PD there 40 years ago in the boom times made several times than that in absolute dollars. Consider what the entire KABC programming budget was then, with live & local talent across the entire week plus support staff.
The economics of the situation are dramatically different now & that’s what Cumulus management thinks the revenue can support. Not sure many PDs with any experience can afford to live in the LA metro with this paycheck.
PD at KABC, at any time in the 80s, would have been a minimum base salary of $250,000 plus performance bonuses. Going back exactly 40 years to 1986---that's $752,267.50 adjusted for inflation, for the base.
You can't do L.A. at $80-100k unless you're a dual-income household with a partner who significantly outearns you. KNX pitched me on morning drive editor for a shade above that 11 years ago and I turned it down because my wife and I would have had to live in Palmdale to make it pencil out.
And if you are coming into L.A. from anywhere else with a family---and need a house of any significant size? Good luck. Even with a healthy chunk of change from the sale of your old house.
When KRTH hired Charlie Van Dyke to replace Robert W. Morgan in 1998, Charlie and his then-wife (a plastic surgeon) had five kids at home and a housekeeper.
KRTH paid Charlie well. He and I are still good friends, but in those days, shortly after we did a morning show together, we talked pretty much daily. As he put it the day he got the offer:
"It's not a s***load of money. It's not an obscene amount of money. It's an obscene s***load of money."
I don't know the exact amount, but top-tier morning talent in L.A. at the time was (thanks to Rick Dees) at least a million a year, and this was KRTH and this was Charlie Van Dyke.
So Charlie goes househunting with a seven-figure salary looking for a house large enough for eight people---and can't find anything that wouldn't be financially ruinous.
That was
28 years ago.
Ultimately, the solution was that KRTH built him a studio at his home in Phoenix, and agreed that Charlie would alternate between a week at home and a week in L.A. The family and the housekeeper stayed in Phoenix, and Charlie got a condo in Westwood for those weeks---which I'm sure was a number that would choke a horse in and of itself.