Pretty grim today. My friends at Citadel are catching their breath after changes in just about every major market. Major league talent let go and formats about to change. Citadel earnings way off. In New York WPLJ was off 50% in national business. Jan/Feb numbers for Seattle are in double digit declines, but not what our agency is seeing in places like NY, LA, Chicago, Dallas and SF. All with 20% plus declines in national business. Local is dropping too.
My question for the programming side? How do you get through these times? Do you cut marketing? Do you cut staff?
Do you cut management? Seems Clear Channel is cutting marketing and freezing expenses, Citadel is cutting staff and revamping formats, Infinity is cutting upper management.
In the sales game, the cuts are instant. The people first hurt are salespeople, because when sales go down, their salaries go down. Talent love to mock us when times are good, but try living on commission when times are bad.
My question for the programming side? How do you get through these times? Do you cut marketing? Do you cut staff?
Do you cut management? Seems Clear Channel is cutting marketing and freezing expenses, Citadel is cutting staff and revamping formats, Infinity is cutting upper management.
In the sales game, the cuts are instant. The people first hurt are salespeople, because when sales go down, their salaries go down. Talent love to mock us when times are good, but try living on commission when times are bad.