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Clear Channel's Frightening Plans For 2010
- Thread starter austingeezer
- Start date
Without proof this is all speculation.
However if it is true then this is doing to do a number on the radio industry as a whole. Local radio will take a huge blow and will be even closer to dying completely. Dark dark days are to come my fellow radio friends. I hope this is not true.
However if it is true then this is doing to do a number on the radio industry as a whole. Local radio will take a huge blow and will be even closer to dying completely. Dark dark days are to come my fellow radio friends. I hope this is not true.
Rant, yes. But it's an informed rant. If you look at the past track record, then understand who's really running the company in 2010, you can see where he gets his conclusions. I really, really hope Jerry's wrong. But I'm not betting against him as this is exactly what has been done to other industries.
Voice tracking done in Mumbai? Don't think for a moment that can't happen!
Voice tracking done in Mumbai? Don't think for a moment that can't happen!
KMRD said:This is nothing more than an "I hate Clear Channel" opinion rant.
They’ve already started with the Yield Managers…the sales manager I worked with in Colorado is a Regional Yield Manager now. Also, the Bryan/College Station market doesn’t have a Market Manager anymore…the Market Manager from Waco goes there a couple days a week and oversees everything.
Makes you wonder when Clear Channel’s doing everything wrong (and paying for it, since they’re about to go bankrupt) why anyone would want to follow them over the cliff…… ???
ufrustrated2 said:Makes you wonder when Clear Channel’s doing everything wrong (and paying for it, since they’re about to go bankrupt) why anyone would want to follow them over the cliff…… ???
Because that's the only management style known by bankers....when a branch isn't producing, cut costs, and the only costs are personnel.
In order for radio to recover, it will have to be completely destroyed, mega corporations broken up and the current (literally) bankrupt business model abandoned. And many wonderful folks will be hurt in the process. :'(
I have worked for both clear channel among other radio companies and trust me, there are worse companies than CC.
Roy Butler was a pleasure for me. I still quote his motto: Fast pay makes fast friends.
Jack Chapman was a decent man and treated me well.
Jack Roth? Might have been better if I had been with him in the '60s. The '70s were difficult.
R. Miller Hicks was a nice man, but the operation was in the hands of the banks by the time I got there. I left, but every one else had nice things to say about Wendell Mays when he took over.
Howard W. Davis was something else. 'Stinky' they called him. I heard lots of stories. What sticks in my mind was the morning man at KMAC, who had been with Davis for decades, never had health insurance. When Davis's widow sold to the corporation, they made Calvin get a physical. They found he had diabetes which caused gangrene in his feet. First one foot was amputated, then the other, then he was dead, all in a matter of days.
And I was actually fond of Lowry Mays, when Clear Channel was only half a dozen stations. Of course, it was the John Barger show, but you knew where you stood, and there was a desire to win. But things took a turn for the worse in '92, and it never got better... only worse and worse.
Jack Chapman was a decent man and treated me well.
Jack Roth? Might have been better if I had been with him in the '60s. The '70s were difficult.
R. Miller Hicks was a nice man, but the operation was in the hands of the banks by the time I got there. I left, but every one else had nice things to say about Wendell Mays when he took over.
Howard W. Davis was something else. 'Stinky' they called him. I heard lots of stories. What sticks in my mind was the morning man at KMAC, who had been with Davis for decades, never had health insurance. When Davis's widow sold to the corporation, they made Calvin get a physical. They found he had diabetes which caused gangrene in his feet. First one foot was amputated, then the other, then he was dead, all in a matter of days.
And I was actually fond of Lowry Mays, when Clear Channel was only half a dozen stations. Of course, it was the John Barger show, but you knew where you stood, and there was a desire to win. But things took a turn for the worse in '92, and it never got better... only worse and worse.
There is an alternative to this. The proprietary owned Radio Station where the owners(the family) love radio so much that actually do the labor. No ownership sitting back counting the ducketts. Ownership doing Sales, programming, broadcasting, and the engineering. This model cuts overhead because no one is trying to ride the "Gravytrain". As these Mom-n-pops compete against the Robotron Corporate entities, We shall see who excels in the marketplace and who doesn't. So radio people start looking for methods of financing your dreams.
It seems to me. People that have worked in radio a long time should be able to put together the capitol to purchase a station and run it for themselves. These "Fire Sales" are an opportunity for them. An opportunity to get out from under the yoke of the corporate office. I bet there are forum members on here with the cash to do just that. Hint:
That's already become apparant. The budgets for 2010 are pretty laughable.mmnassour said:I think the scare is that the new owners will be far more tight-fisted than the Mays ever were.
Leebo65 said:It seems to me. People that have worked in radio a long time should be able to put together the capitol to purchase a station and run it for themselves.
Oh come on now. Who do you know in radio who has enough money to own their own house, much less a radio station?
The ones who have the money are not the ones you want to buy stations. Because they'll run them like Randy Michaels did.
Howard Stern loves radio, and makes more money in a minute than most radio people make in a year. Even HE won't buy a radio station.
C
crow
Guest
I have worked for CC as well, along with some other companies. Yes, CC is evil etc... However, there are other companies that are worse. The only good thing about CC, at least when they owned us, was that they were so big that they never bothered with out cluster... because we were not in the TOP markets and we were producing revenue etc... However, once we were sold to a much smaller company... that is when it really got bad... tons of cuts etc...
Unfortunately for CC, they are the scapegoat for what is wrong with radio. I am not defending them in anyway, trust me. They deserve all the negative press they get. However, because they are so big etc... the smaller and lesser known companies do the same thing if not worse that CC has and is doing... and receive no negative press about it. Which allows them to continue what they are doing. Yet, as we have all seen with CC and other large radio companies... even tons of negative press really doesn't stop them from continuing what they are doing.
Unfortunately for CC, they are the scapegoat for what is wrong with radio. I am not defending them in anyway, trust me. They deserve all the negative press they get. However, because they are so big etc... the smaller and lesser known companies do the same thing if not worse that CC has and is doing... and receive no negative press about it. Which allows them to continue what they are doing. Yet, as we have all seen with CC and other large radio companies... even tons of negative press really doesn't stop them from continuing what they are doing.
Big A ~ I dunno. Seriously, I ran from radio ownership after 1995/1996, but mainly because I could just
see that the multiples were so insane that it was just prudent to take the money and run. I have looked
at options of getting back in, and seen very few plausible options in the past decade. I know the demise of the industry is real and possibly we've actually passed the point of no return. But, I cannot think of a better time than 2010 to look at options from reasonable business owners willing to sell their stations. The mere use of the old words "multiple" and "cluster" are enough to make me end the conversation. Still, I have to believe
some sense of reality has to finally crack back into what's left of the industry.
see that the multiples were so insane that it was just prudent to take the money and run. I have looked
at options of getting back in, and seen very few plausible options in the past decade. I know the demise of the industry is real and possibly we've actually passed the point of no return. But, I cannot think of a better time than 2010 to look at options from reasonable business owners willing to sell their stations. The mere use of the old words "multiple" and "cluster" are enough to make me end the conversation. Still, I have to believe
some sense of reality has to finally crack back into what's left of the industry.
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