Other boards are buzzing about cuts being made at Clear Channel stations nationwide on January 20th. Quoting FMBQ here:
The New York Post reports that CC's new owners will begin a "massive restructuring plan" that aims to cut out up to $400 million in costs.
Sources tell the Post that 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 Post says that 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."
Anybody hear if this will affect Connecticut? I gotta imagine the few locally based DJ's will be disappearing.
The New York Post reports that CC's new owners will begin a "massive restructuring plan" that aims to cut out up to $400 million in costs.
Sources tell the Post that 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 Post says that 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."
Anybody hear if this will affect Connecticut? I gotta imagine the few locally based DJ's will be disappearing.