AS unpopular as this will be, I dont think Lowry May's salary is the issue. In reality for a company as large as CC is his salary is not so outrageous! it's actually pretty conservative by comparison to most ceo's in other fields. The bigger problem is that clear channel like WAl Mart is just too big. Too big to the point where it is barely possible to manage. They are the largest owner of stations in the world, so in that sense they are already number one. Where do they have to go? nowhere but down. So the larger they get, the more difficult to manage, and the edict becomes less about making more money but spending less money and so you have a voicetracked mid day show in market number 11. I know we want to think about it in the human terms but the truth is that they got to a certain point in business where the only direction to go is down. SO you save maybe seventy five thousand dollars in salary and replace it with a ten to fifteen thousand dollar a YEAR voice tracking expense, there is the explaination. IT does Dierdre no good but that is probably what went on. Look at the New York board, WNEW (cbs) just fired their entire airstaff this week with the assumption of a format flip soon. It has become even more heartless than it has always been in radio.
