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and so it begins, PART TWO

The next round of cuts at Clear Channel Communications is expected to begin this Tuesday, January 20. CC's new owners will begin a "massive restructuring plan" that aims to cut out up to $400 million in costs. The restructuring will include layoffs across Clear Channel's radio, outdoor advertising and international divisions as well as cuts to programming budgets and consolidation of back-office operations. The company is also expected to move even further towards a "national programming model," with less local staff at stations. The cutbacks taking place the same day that Barack Obama is sworn in as the President is not a coincidence, as CC management hopes "they can slip in the layoffs while the press is preoccupied with Inauguration Day festivities."
 
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