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Clear Channel Restructuring?

J

jbaxter

Guest
From R&R:

Clear Channel's Bad Day?
Aug. 24, 2006
By Kevin Carter


R&R is staying abreast of what we hear are massive restructuring efforts underway as we speak inside Clear Channel. We understand some high-level management positions will be eliminated, some downgraded, others consolidated.

These changes were reportedly outlined by John Hogan during meetings last week with SVPs in San Antonio, and senior programming personnel this week, where it was explained that the company structure needed some "flattening" to become "more nimble." Stay tuned as more concrete details emerge.

A spokeswoman for Clear Channel tells R&R that Hogan will release an e-mail Friday morning, Aug. 25, with further details.
 
Stay "more nimble?" What the heck does that mean?

The real question is will this improve their stations? Meh.
 
Hogan will not "flatten" his wallet. You can be sure of that.

He is a fraud, and always has been, going back to his days of throwing co-workers under the bus when he was just a salesman at GST.

He would fire his grandmother if he thought it would help him advance.
 
Maybe CC is going with the "Jack format"? "Jack be nimble, Jack be quick...."
Having worked for John Hogan I have to agree with the above. He probably
has fired his grandmother.
 
I'm sure Hogan will spin it where he gets credit for cleaning up his OWN MESS. Hogan is the one who created all the unecessary and overlapping levels of management in the first place.
 
jbaxter said:
From R&R:

Clear Channel's Bad Day?
Aug. 24, 2006
By Kevin Carter

R&R is staying abreast of what we hear are massive restructuring efforts underway as we speak inside Clear Channel. We understand some high-level management positions will be eliminated, some downgraded, others consolidated.

These changes were reportedly outlined by John Hogan during meetings last week with SVPs in San Antonio, and senior programming personnel this week, where it was explained that the company structure needed some "flattening" to become "more nimble." Stay tuned as more concrete details emerge.

A spokeswoman for Clear Channel tells R&R that Hogan will release an e-mail Friday morning, Aug. 25, with further details.
Click to expand...

This article I posted turned out to not even be close to what Hogan actually announced, which was basically a Titanic deck chair realignment with the same old tired team. (Or as they're affectionately known in San Antonio, "Hogan's Zeroes")

Everybody keeps their job (Marc Chase, Grevey, Moe, Larry, Curly) while the stock continues to plummet. Why am I surprised?
 
I keep waiting for CC to begin a massive station sell-off. Why? Because most of those notes that are on these stations will be coming due all about the same time and when that happens, if the majority (and I expect it will have to be a large one) are not making money, they're gone!

IMHO
 
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