The stock price has nothing to do with the internal budget. Revenues are fine at Citadel. It's the investor stock "game" that is killing it. No growth for the future. But as long as the rates are up and ads are being bought, the budget's just fine within ... for now.
When the stock investors start to scream, though, that when there will be internal changes. But for now, the stock losses are writeoffs to stockholders and as long as the board of directors keeps paying Farid $11-million, AND his $2-million a year tax bill, life goes on at Citadel.
The new vacation cuts, the parking fees, etc. are just to appease stockholders.
And as for new jingles, syndicators are hurting. What syndicator/jingle house wouldn't want PRO-FM as a "pilot" station? This results in great savings for the station and publicity for the syndicator. I haven't heard them, yet, but not every syndicator barters. It's a numbers game. Maybe they come out of the budget on a monthly basis. I've done that, like a "jingle bank." Pay as you play. A few grand over a number of months is easier to pay for than cash up front.