*sigh* :-\
Reading in between the lines, it sounds like the layoff reaper is making the rounds again soon...
Radio traffic reports may have new voice
Business First of Buffalo
Those radio traffic updates that are familiar to Buffalo-area commuters may take on a different sound soon.
Westwood One Inc. has announced plans to restructure its traffic reporting unit, Metro Networks, in order to improve the company’s fiscal condition.
The company said in mid-September that it was regionalizing its 60 operating centers into 13 hubs, one of several programming changes that are expected to save $25 million to $30 million per year.
The cost-cutting will also lead to staff cuts of 15 percent, or 300 jobs. Industry sources say that could lead to as many six job cuts at Metro Network’s Buffalo operation. A Westwood official in New York City would not confirm those numbers nor say if the Buffalo site was being phased out. Metro provides traffic reports on several Buffalo-area radio stations.
Shares of Westwood stock dropped to 37 cents on Oct. 1, a 52-week low for the communications giant, which bills itself as the largest audio content provider in America.
http://buffalo.bizjournals.com/buffalo/stories/2008/09/29/daily52.html
[URL provided as a courtesy to other users.]
Reading in between the lines, it sounds like the layoff reaper is making the rounds again soon...
Radio traffic reports may have new voice
Business First of Buffalo
Those radio traffic updates that are familiar to Buffalo-area commuters may take on a different sound soon.
Westwood One Inc. has announced plans to restructure its traffic reporting unit, Metro Networks, in order to improve the company’s fiscal condition.
The company said in mid-September that it was regionalizing its 60 operating centers into 13 hubs, one of several programming changes that are expected to save $25 million to $30 million per year.
The cost-cutting will also lead to staff cuts of 15 percent, or 300 jobs. Industry sources say that could lead to as many six job cuts at Metro Network’s Buffalo operation. A Westwood official in New York City would not confirm those numbers nor say if the Buffalo site was being phased out. Metro provides traffic reports on several Buffalo-area radio stations.
Shares of Westwood stock dropped to 37 cents on Oct. 1, a 52-week low for the communications giant, which bills itself as the largest audio content provider in America.
http://buffalo.bizjournals.com/buffalo/stories/2008/09/29/daily52.html
[URL provided as a courtesy to other users.]