Is tomorrow going to be a black day for Clear Channel personel around the country? Restructuring coming! Will it all hit the fan in the morning? Will the changes reach all the way down into the studios?
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Clear Channel Radio Reality Check Coming on 8-25-2006???
- Thread starter RadioStarOne
- Start date
What made you aware of these upcoming changes? I have a friend who works for a local CC station and not even he heard about this. I wonder just what kind of changes are heading down from the top.
Bill
Bill
It's on the Radio And Records today news!
Clear Channel Radio Revises Management Structure
August 25, 2006
In a memo to Clear Channel Radio staff, President/CEO John Hogan has outlined a revised management structure at the company. Hogan collaborated with Clear Channel Radio's three newly appointed EVPs of Operations Charlie Rahilly, Susan Karis and Tom Schurr in developing this plan and team.
Link http://www.fmqb.com/Article.asp?id=264090
I applaud the changes.
August 25, 2006
In a memo to Clear Channel Radio staff, President/CEO John Hogan has outlined a revised management structure at the company. Hogan collaborated with Clear Channel Radio's three newly appointed EVPs of Operations Charlie Rahilly, Susan Karis and Tom Schurr in developing this plan and team.
Link http://www.fmqb.com/Article.asp?id=264090
I applaud the changes.
J
jellyeggs
Guest
Radio & Television Business Report is reporting this about the CC developments.RBR sources say several people inside Clear Channel have been told which smaller market stations the company is seeking to sell. We understand the number is in the hundreds. Clearly Hogan is reconfiguring Clear Channel Radio to focus on the big bucks - trying to drive ratings and revenues in the largest markets. That`d be a shocker, though I can understand the reasoning, in fact, if it comes to play, I can see some in radio with a few of these: ;D 
S
sladd
Guest
So they've reshuffled the deck a bit with the same group of underperformers. I doubt any of this will help regain the 60% plus loss in stock value under the clueless John Hogan.
sladd said:
Perhaps you know Hogan better than I do. He could be clueless, or your comment might be sour grapes. From a distance, these moves appear late but at least good.
If they sell off hundreds of small markets, that is several years late in coming. In fact, they should have spun them off immediately after the AMFM purchase. There never were any advantages to having stations coast-to-coast. The advantage is in bulking up inside the big markets. If they do announce that they're shedding a lot of small markets, it may signal that they expect ownership caps to be raised and want to free up some cash to make the purchases.
the re- org IS late......
it could be really good......the large and small markets seem to be put into different "buckets" for lack of a better word.....
the idea of putting the top markets under a President/Market Manager shows a more focused approach for these managers who were also, previously, Regional VP's.
but as far as the stock price...forget about it.......i really doubt you will ever seel a big proce again
it could be really good......the large and small markets seem to be put into different "buckets" for lack of a better word.....
the idea of putting the top markets under a President/Market Manager shows a more focused approach for these managers who were also, previously, Regional VP's.
but as far as the stock price...forget about it.......i really doubt you will ever seel a big proce again
M
MaskedManager
Guest
Have there been any reports of what markets might be on the block?
S
sladd
Guest
[/quote]
Perhaps you know Hogan better than I do. He could be clueless, or your comment might be sour grapes.
[/quote]
Sour grapes, guilty as charged. I should have sold my stock $38 ago when they named Hogan as CEO. No one to blame but myself, everyone in Atlanta was shocked he was named CEO. His record there was mediocre at best.
Perhaps you know Hogan better than I do. He could be clueless, or your comment might be sour grapes.
[/quote]
Sour grapes, guilty as charged. I should have sold my stock $38 ago when they named Hogan as CEO. No one to blame but myself, everyone in Atlanta was shocked he was named CEO. His record there was mediocre at best.
You're missing the point about John Hogan being named to the top of CC Radio. At the time the Agencies, the Advertisers, The FCC, and lots of the employees were about to come down hard because of the antics of his predessor. (He was a programming/engineering genius... but a PR disaster). CC needed someone that could take over and look and act the part. They needed a person that the agencies and advertisers would respect... someone that the employees would like, and most of all that the FCC and WALL STREET would look at like a true business person and not a stunt man. Hogan was the perfect fit. He could then surround himself with people that were knowledgeable about the other parts of the business... you know little things like programming, internet, new tech, promotions...etc. The true screw up was not in naming Hogan... it was the people they chose to surround him. Lots of it his fault... lots of it not.
Think about it... you don't read about CC being the target of the FCC anymore. Wall Street has really cut CC a lot of slack. (not talking about stock price... talking about horrible stories and ratings)...
Restructuring - read that to mean "we screwed up... let's try again" The only problem is you look at the new list... and you still see an awful lot of the old names.
Joe
Think about it... you don't read about CC being the target of the FCC anymore. Wall Street has really cut CC a lot of slack. (not talking about stock price... talking about horrible stories and ratings)...
Restructuring - read that to mean "we screwed up... let's try again" The only problem is you look at the new list... and you still see an awful lot of the old names.
Joe
S
sladd
Guest
Salty Dog said:
You're right, however the other radio stocks haven't dropped nearly as much as CCU under Hogan. Also, the damage would have been even worse if the other Clear Channel divisions weren't so profitable.
Perhaps you know Hogan better than I do. He could be clueless, or your comment might be sour grapes. From a distance, these moves appear late but at least good.
If they sell off hundreds of small markets, that is several years late in coming. In fact, they should have spun them off immediately after the AMFM purchase. There never were any advantages to having stations coast-to-coast. The advantage is in bulking up inside the big markets. If they do announce that they're shedding a lot of small markets, it may signal that they expect ownership caps to be raised and want to free up some cash to make the purchases.
[/quote]
Selling off the smaller markets makes a great deal of sense. I started in radio at KXXL in Bozeman, Montana. A 1Kw AM in a very small unrated college town. CC now owns that radio station. It has different calls and runs out of a closet, but why would they want a station like that to begin with? If CC and a few others divested of these smaller stations, new owners could come along and make better use of the stations for local audiences. Large corporations typically do not do well when working with small operations. This could be a very good move not only for CC for for radio in general.
If they sell off hundreds of small markets, that is several years late in coming. In fact, they should have spun them off immediately after the AMFM purchase. There never were any advantages to having stations coast-to-coast. The advantage is in bulking up inside the big markets. If they do announce that they're shedding a lot of small markets, it may signal that they expect ownership caps to be raised and want to free up some cash to make the purchases.
[/quote]
Selling off the smaller markets makes a great deal of sense. I started in radio at KXXL in Bozeman, Montana. A 1Kw AM in a very small unrated college town. CC now owns that radio station. It has different calls and runs out of a closet, but why would they want a station like that to begin with? If CC and a few others divested of these smaller stations, new owners could come along and make better use of the stations for local audiences. Large corporations typically do not do well when working with small operations. This could be a very good move not only for CC for for radio in general.
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