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Any chance at all of a Clear Channel 2009 exit?

C

ChuckRoast

If you like to imagine something that could improve Albany radio 1000% in 2009 how about Clear Channel selling it's local stations? Radio business experts, could this happen? I read somewhere where CC was considering selling it's radio properties outside the major markets as part of an effort to go private, What's the latest?

Nah! Nah! Nah! Nah!
Nah! Nah! Nah! Nah!
Clear Channel
Good Bye!!
 
ChuckRoast said:
If you like to imagine something that could improve Albany radio 1000% in 2009 how about Clear Channel selling it's local stations? Radio business experts, could this happen? I read somewhere where CC was considering selling it's radio properties outside the major markets as part of an effort to go private, What's the latest?
Click to expand...

It already went private about five months ago. Significant lay offs are more likely what will be seen there now in the coming weeks....
 
I don't work for Clear Channel now and never have worked for Cheap Channel but I do have an opinion for whatever it is worth.
In the days before deregulation Clear Channel was considered a pretty solid operation and good company to work for. As they grew into the ridiculous mega media monster they became the evil empire we all know now. Since they have gone private the powers that be, now have more control of the company and the business of broadcasting. Clear Channel sold off the television division (which apparently they didn't want to be in the first place) and all the small radio markets. They can now concentrate on the business of radio where their expertise has always been. I am hoping (I am an optimist) the new Clear Channel will be a much better run company now that it is run by radio people that are not responsible to stock holders. Will they sell medium markets like Albany, Syracuse, or Rochester? Not if they profitable. If they are not profitable, they'll hang on to them a little longer til the market improves and they can sell them at a good price.
 
What about the Hudson Valley? That would be a way to go. I hope someone at Clear Channel Hudson Valley is in a venge of laying off and selling their properties. Why not Cidadel, Regent, and a few smaller companies to buy their stations and maybe we can see a format change in the works.
 
disney fanatic said:
What about the Hudson Valley? That would be a way to go. I hope someone at Clear Channel Hudson Valley is in a venge of laying off and selling their properties. Why not Cidadel, Regent, and a few smaller companies to buy their stations and maybe we can see a format change in the works.
Click to expand...

Your logical powers amaze me, o omnipotent sage! I bow to your psychic abilities and eternal wisdom.

We're not worthy!
 
Alot of Clear Channel "exits"......probably in the next several days...
 
In a few hours January 5 will become known in radio circles as "Bloody Monday." CC managers have been huddled in meetings through the holidays and this Monday many of them will join huge pieces of their staffs on the soup line. Not long after (before the end of January) the investment group that now holds CC will begin spinning off all properties outside the top 50 markets.
 
Think you'll see that MT1 is spot on with some news trickling out of Texas by late Monday or Tuesday. The ax has fallen in a couple of markets already (GM in Providence last Monday among them). Bain's seen a lot of fat within the Clear Channel family and they feel it's time to start up the chain saw for some serious trimming. Wouldn't be shocked to see a bunch of PD's among the casualties. Sales duplication within markets comes to mind. I suspect centralized programming in multiple markets is looking appealing to the Bain bean counters as well. Good luck, all...
 
MisterBilge, you're an evil genuis! You nailed it...

Jerry Del Colliano writes today:

"One of my readers emailed me that "almost all CC stations have satellite downlinks at their transmitter sites...installed in the past year, after the buyout....They're designed to allow programming to be sent direct to transmitter".

In other words, all their stations are about to become repeaters with programming coming directly through San Antonio, no expensive local real estate and pesky local employees to deal with. Everything will live on a server in Texas.

Full article here: http://insidemusicmedia.blogspot.com/2009/01/repeater-radio.html
 
Problem with the SatL's is that audio quality. All right for a news-talk, or an emergency I guess...
 
According to previous posts', January 5th was supposed to be "bloody Monday" - didn't happen, then on January 9th another post that word should be "trickling out of Texas today (the 9th) or tomorrow (the 10th)". Here it is January 14th and nothing has happened yet. I would hate to be in that building knowing it's coming, having it be drawn out this long, and still trying to maintain a positive work ethic.....any thoughts?
 
According to Radio- Info’s Tom Taylor’s Newsletter the date for the cuts is January 20th when much of the nation will be paying attention to the Presidential Inauguration . He says much of the losses will be in sales , but on air personalities in small and medium markets will be hit also. There will be more satellite fed Clear Channel generated programming like the Ryan Seacrest show replacing local programs .Yea it must be hell working in a building where everybody knows the GM knows what will be happening but he “can’t say’ .
 
According to All Access the firings in the Poughkeepsie cluster were all in sales & promotions. -5 sales personnel ,including The GSM as well as the promotions Director .
 
Ouch....too bad for the folks that were let go. I understand the PD and afternoon Guy at WRWD is leaving on his own, greener pastures, if there is such a thing these days....

warm590
 
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