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Cumulus airstaff cuts
- Thread starter True Grit
- Start date
who?
G
grover
Guest
Sorry to hear about that
I got the axe this time last year from WNSX
And its been Rough!
Getting back in to radio is next to impossible!
I think we all have to come to the realization
that a radio career does'nt last Forever
not in these economic times!
Joe
I got the axe this time last year from WNSX
And its been Rough!
Getting back in to radio is next to impossible!
I think we all have to come to the realization
that a radio career does'nt last Forever
not in these economic times!
Joe
G
grover
Guest
Did NOT hear Dave Glidden Today?
He's my Next Door Neighbor
Hope He's Okay
What a Biz
He's my Next Door Neighbor
Hope He's Okay
What a Biz
S
slickwillie
Guest
Those of you who got the ax at Cumulus might want to take a look at this...
Lew Dickey made $900,000 in base salary last year from Cumulus - but took home over $10 million.
The stock awards were rich and sweet, with part of the $8,560,300 coming as a one-time grant "as an inducement to Mr. Dickey to enter into his employment agreement." You might look at that from the outside and wonder why, with the stock price trading as low as $1.76 on Friday, any company's board would do that. But Cumulus is becoming more and more Lew's company. He now holds 31% of the voting power, thanks to his ownership of all the 10-votes-per-share Class C stock. And it's been Lew who's assembled this company. So here's a quick look at executive compensation for Cumulus in 2007: Lew doubled his 2006 total compensation of $5,033,476 to make $10,174,526 in 2007. Brother John Dickey, one of the two EVP/co-COOs, actually made a bit less in total comp - $1,359,972, down from $1,510,644. Jon Pinch, his fellow EVP/co-COO, also made less in 2007 - $835,478, down from $933,631 in 2006. While CFO Marty Gausvik likewise banked less - $760,119, down from $853,045
Lew Dickey made $900,000 in base salary last year from Cumulus - but took home over $10 million.
The stock awards were rich and sweet, with part of the $8,560,300 coming as a one-time grant "as an inducement to Mr. Dickey to enter into his employment agreement." You might look at that from the outside and wonder why, with the stock price trading as low as $1.76 on Friday, any company's board would do that. But Cumulus is becoming more and more Lew's company. He now holds 31% of the voting power, thanks to his ownership of all the 10-votes-per-share Class C stock. And it's been Lew who's assembled this company. So here's a quick look at executive compensation for Cumulus in 2007: Lew doubled his 2006 total compensation of $5,033,476 to make $10,174,526 in 2007. Brother John Dickey, one of the two EVP/co-COOs, actually made a bit less in total comp - $1,359,972, down from $1,510,644. Jon Pinch, his fellow EVP/co-COO, also made less in 2007 - $835,478, down from $933,631 in 2006. While CFO Marty Gausvik likewise banked less - $760,119, down from $853,045
With deepest sympathy to my brethren who got cut, I still have to say this. This is Lew Dickey's company. He conceived it and he built it. This is his baby. He runs it. He gets up every morning and works to make Cumulus bigger and better. At least as far as we know from what we read in the trades.
I guess that this is what separates him from the Wall Street fatcats who get hired to run a company they had nothing to do with fathering.
However, I guess we all understand the resentment. Radio is a tough business right now. I believe it will get better, but meanwhile, I'm thankful that I'm presently on the outside looking in.
I guess that this is what separates him from the Wall Street fatcats who get hired to run a company they had nothing to do with fathering.
However, I guess we all understand the resentment. Radio is a tough business right now. I believe it will get better, but meanwhile, I'm thankful that I'm presently on the outside looking in.
S
S.O.B.
Guest
This sucks. Best wishes to everyone affected by this.
S
silentsquealer
Guest
The Budget Axe is swinging in other markets.
Not sure of all, but Cumulus is making cuts
in the Quad Cities IA/IL Market as well.
How about this, cut the pay at the top if the
business isn't doing well!
It's mostly to do with their failures anyway!
Not sure of all, but Cumulus is making cuts
in the Quad Cities IA/IL Market as well.
How about this, cut the pay at the top if the
business isn't doing well!
It's mostly to do with their failures anyway!
****I KNOW NOTHING OFFICIAL***WHAT YOU ARE ABOUT TO READ IS SPECULATION***
I've visited the web sites of the 5 Cumulus stations and I'm only guessing by who is missing.
From WEZQ, WWMJ and WDEA, all is the same. From WQCB, Dave Glidden. From WBZN, Meredith and Chuck Foster and all weekenders are all missing.
If you folks are gone, I'm sorry and I hope you find employment real soon!
If I'm mistaken, please accept my apology in my speculation.
I've visited the web sites of the 5 Cumulus stations and I'm only guessing by who is missing.
From WEZQ, WWMJ and WDEA, all is the same. From WQCB, Dave Glidden. From WBZN, Meredith and Chuck Foster and all weekenders are all missing.
If you folks are gone, I'm sorry and I hope you find employment real soon!
If I'm mistaken, please accept my apology in my speculation.
C
coz
Guest
I feel for everyone involved here. I know it is very tough. I have not posted since Kimishot told me to "go back to bagging groceries" and that "I seemed to have the IQ for that." Try to remember that your commuication skills are INVALUABLE. The time you have spent Marketing and talking to customers will translate to other jobs. Especially in this economy, talking to customers/listeners is more important then ever.
C-O-Z
C-O-Z
C
coz
Guest
Befoer I gat raggged on form my spellang of commuication. My bad.
C-O-Z
C-O-Z
G
grover
Guest
RADIO
I remember a time When I did weekends at
WHDH/BOSTON....It was Important for the Weekends
to sound as good as the weekdays
NOW you walk thru a radio Station on the weekends
N0-BODY's Home Just the Mice and the Computers
RADIO has DE-VALUED the Air Talent and the people
Listening!!
SOON there will be NO need for RADIO
so Many Better places to get Music
Its ALL about GREED!
and ITS SAD!
RADIO IS IMPLODING/DESTROYING ITSELF
BUCKSPORT MAINE
Joe Mc Millan
I remember a time When I did weekends at
WHDH/BOSTON....It was Important for the Weekends
to sound as good as the weekdays
NOW you walk thru a radio Station on the weekends
N0-BODY's Home Just the Mice and the Computers
RADIO has DE-VALUED the Air Talent and the people
Listening!!
SOON there will be NO need for RADIO
so Many Better places to get Music
Its ALL about GREED!
and ITS SAD!
RADIO IS IMPLODING/DESTROYING ITSELF
BUCKSPORT MAINE
Joe Mc Millan
MassMusicMan
Banned
Maybe we shouldn't have music radio anymore. Perhaps everybody should have a talk show. No ASCAP fees, and you can get away with 15-18 minutes of commercials each hour.
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