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Doyle on CMF talking about Wease

Got a phone call telling me that Entercom VP Mike Doyle was on WCMF talking about the latest contract talks with Brother Wease.
According to the person on the other end of the line Doyle reportedly said that negotiations are not going as planned and no agreement has been reached yet.
My caller also said that the rest of the Wease "posses' contracts expire very soon and this person believes they will meet the same fate as Kane, Kennedy, Dino, and Cronin; out the door.
 
Yeah I heard about it too. Not very professional for a supposed VP.
 
I actually heard it, not "heard about it" You should be careful what you repeat that you didn't actually hear. He did say the negotiations weren't going well, but said NOTHING about the other guys contacts and said nothing about them losing their jobs. In fact, he said that people were being unfair to them as they are pros, with contracts, doing a great job. It didn't sound like he wanted to get rid of any of them. He also said he wanted Wease back, but Wease's agent wasn't responding to their offers, just ignoring Entercom.

I was hoping he would announce Bob n Tom, but no luck so far.
 
bobn said:
I actually heard it, not "heard about it" You should be careful what you repeat that you didn't actually hear. He did say the negotiations weren't going well, but said NOTHING about the other guys contacts and said nothing about them losing their jobs. In fact, he said that people were being unfair to them as they are pros, with contracts, doing a great job. It didn't sound like he wanted to get rid of any of them. He also said he wanted Wease back, but Wease's agent wasn't responding to their offers, just ignoring Entercom.

I was hoping he would announce Bob n Tom, but no luck so far.

The person who informed me about this interview actually knows what they are talking about regarding the posse not signing new contracts because that person was one of those who was let go from the CBS/Entercom chain last year. So I believe what this person tells me because that individual knows more than you, or the general public does.
As for Wease and Entercom what you have here is a game of hardball. Wease doesn't want to give up his big salary and perks and Entercom isn't interested in paying this guy the salary he wants; thus you have a stalemate. This idea floating around about Bob N Tom taking over mornings on CMF would be a major disaster for that station. Rochester isn't like most markets. Syndicated out-of-town programming pales against local shows, as the ratings have shown time and time again. Entercom replaces Wease with some duo from out-of-town and they can forget keeping Wease's audience. The smart thing for Entercom to do if the Wease situation doesn't pan out is for the company to re-hire Dave Kane.
 
Just a thought...might Entercom not care about what happens to WCMF now because they've decided to add it and the struggling 98PXY to the package of stations to be sold, so they can keep Warm 101.3 (which they may think has a better upside in the medium to long term) instead? If that's the case, they might want to cut costs and dump the package as a more salable cluster of two full market signals and two smaller ones. In that scenario, even a highly successful and lucrative morning show, essential to a station's success, might suddenly become expendable.

No inside knowledge here, just the only possible logical scenario that could explain why you'd kill your most important revenue stream for your radio station.
 
Bob-

I can't see why Entercom would want to purposely gut WCMF.

It doesn't make smart business sense to scrap a station that is a money maker, plus has one of the most recognized names in local radio, then combine a personality-reduced CMF with two other FM's that trail in the ratings in an attempt to sell this combo to a potential buyer.

There is no way Entercom is going to get the $30 million they are currently asking for WRMM, Fickle and the other FM. Can you imagine them trying to get the same asking price for a neutered WCMF and the two FMs currently on the market? No way!
 
If memory serves, I think Entercom's stock price one year ago (when they purchased the CBS-Rochester cluster) was about $28.00 a share.

Today, it's about $11 and change.

Only Emmis is doing worse. [sidebar: a whole lot worse.]

With what money does ANYONE expect Entercom to pay Wease his current salary?

In the end, he's replacable.
 
Insert Quote
If memory serves, I think Entercom's stock price one year ago (when they purchased the CBS-Rochester cluster) was about $28.00 a share.

Today, it's about $11 and change.

Only Emmis is doing worse. [sidebar: a whole lot worse.]

With what money does ANYONE expect Entercom to pay Wease his current salary?

This is an intelligent question. The answer is that all overhead is paid by positive cash flow. Wease generates big cash flow, and cutting him takes that cash flow away. Public companies in trouble will usually fire anyone who leaves them with better positive cash flow. This has been going on since 1996. Of course they'd love to just fire everyone with a big salary, but if that cuts net revenue they can't.

CMF had a bad year in 2007, but cash flowed positive anyway. If Entercom believes it can produce more free cash flow without Wease, they would never have talked to him at all.

Wease is definately a flawed real guy, described himself as a gambler. I think he'd stand on principle even if it meant ultimately a lesser gig with people he was more comfortable with.
 
Who is this Doyle? I thought the GM was some blonde? Is she out too?
 
ChiaHead said:
Who is this Doyle? I thought the GM was some blonde? Is she out too?

Bala Cynwyd, PA (September 24, 2007) — Entercom Communications Corp. (NYSE: ETM) announced today that Michael Doyle has been promoted to Regional Vice President. Effective immediately, Doyle will oversee eight of the company’s radio markets in Buffalo, NY; Gainesville, FL; Greensboro, NC; Greenville-Spartanburg, SC; Memphis, TN; Rochester, NY; Wichita, KS; and Wilkes-Barre/Scranton, PA. He has served as Market Manager of Entercom Rochester since 2000.

“Michael has always been one of Entercom’s most dynamic thought leaders,” said David J. Field, President and CEO. “As a true champion of customer marketing solutions and service, he brings a winning combination of experience, energy and vision to his new role.”

Reflecting on his appointment, Doyle noted, “After seven years with Entercom, I am excited by the challenges of the radio industry and the enthusiasm of my co-workers. I look forward to working with these terrific stations as we continue to serve our listeners, advertisers and communities.”

In addition to serving as Market Manager of Entercom Rochester, Doyle’s 23-year radio broadcasting career has included roles as Vice President and General Manager of various stations in the Syracuse, NY area. He received a Bachelor of Science degree from the State University of New York at Brockport, and he currently sits on the Board of Directors of the American Heart Association’s Rochester Affiliate, the Rochester Ronald McDonald Children’s Charities and the Ad Council of Greater Rochester.

Doyle will assume the Regional Vice President duties of Entercom’s Steve Godofsky, who recently announced his impending retirement and transition to a new role within the company.
 
Nugget of Truth

JohnGault said:
Wease is definately a flawed real guy, described himself as a gambler. I think he'd stand on principle even if it meant ultimately a lesser gig with people he was more comfortable with.

So, what you're really saying is that Wease is gonna end up with a lot less money anyway, so he'd rather "stick it to The Man" while he's at it?

Well, maybe somebody else will give him a studio with a window, and won't mind him ranting on the "new management at 'CMF". That would probably be easier for him to swallow. That will get old and tired for the listener a lot faster than it will get old and tired for Wease.

I doubt that anybody will offer him more money than Entercom. If he leaves 'CMF, his new station will have to spend a chunk of change promoting the fact that he's "in his new home" so his former listeners can find him. It will also take time for the numbers to justify the inflated ad rates required to pay Wease's salary.
 
Who is this Doyle? I thought the GM was some blonde? Is she out too?

If we're referring to everyone in local radio management by their hair color, I think Mike Doyle would be "some brownie." The blonde you refer to is the new Entercom Rochester cluster GM(I believe she is a woman..or maybe Dean Torrence of Jan & Dean--also a blonde). Are there any redheads in upper management in the area?
 
The point was not the broads hair color.The point is why isn't the GM doing the talking! Is she afraid to step up?
This Doyle must have a huge ego to feel like he can compete with Wease.What's the deal with this guy anyway?
 
A morsel of theory and half truths seasoned by a sprinkle of conjecture and all of a sudden we may have reached the point where Fox Mulder and Dana Scully enter stage left and in a darkened room with a muted light, open a large book as the big voiced announcer dude intones, "the truth is out there..."

Allow me speculate, first the disclaimer made up front (just like those cheesy car commercials), the following is, as they say in the Army, a wild-ass guess, subject to conjecture and further debate if not outright ridicule..., 26-50 due at signing, tax and tags extra...

Oh but first to "LC," thanks for the vote of confidence. I'll try not to let you down, but after this post, you may regret coming to my defense.

Now then... What we're seeing in Rochester with the Wease saga and the accompanying low pressure system, is the dismantling of a legendary radio station that is beloved by many and mocked by a few. At least Entercom didn't completely trash the format and make it AC like Taft did to WGRQ-97 Rock some years back. Then again, what's happening to WCMF might be worse, something akin to Chinese water torture or death by a thousand cuts.

After reading the brilliant and well-reasoned posts on this and other threads (umm, with the exception of the wrong call letters finding their way into an otherwise fine post by SirRoxalot), one might conclude that there's some truth in each one of them.

So then, what if everything is true. What if, in a stroke of nefarious genius, Entercom plans to keep WRRM and dismantle WCMF, "right-sizing" the payroll in order to make it more attractive to a prospective buyer? Yes, yes, I know, this kind of reasoning is akin to calling in an airstrike on your own platoon, but in the world we're living, it's entirely conceivable. Sacrifice the platoon, win the battle. Arguably self-destructive, but conceivable.

The next company (let's call it "WrexCom") that buys WCMF gets a radio station with a reduced payroll, intact yet tarnished cache, diminished billing and the potential to rise from the ashes. WrexCom hires Kane-O and/or a few of the other longtime WCMF fringe players at more market compatible salaries and revives WCMF.

(Alleluia Chorus fades up)

Call it a plan that only a house painter from South Buffalo could imagine, but it's the radio business, the world of high finance, in the new millennium. Illogocal and economically retarded as it may be, it could happen.

Let's go one step further into the Radio X-Files... (theme music up and under) what if it's all part of a pre-conceived plan with WrexCom.

(By this time you're entering your screen name and password and your first sentence will be, "...Radknowski, have you been huffing paint thinner again or have Unkle Oskie's rancid cigars finally taken their toll?!!!")

Most likely, both.

And there's Mr. Doyle updating listeners about negaotiations with Wease on the Wease & Friends Morning Show. Performing a public service or is it positioning and spinning at its most obvious? Orrrrrr... was Doyle serving notice?

(eerie music fades up)

Entercom most likely has set a number far south of Wease's number. Wease and his agent have set a number far north of his most recent salary, creating a chasm that cannot be traversed.

Entercom Philadelphia bery likely gave Doyle a figure for Wease. Let's say it's 250 large. Field Marshal Field says, "Tell Mr. Levin we'll pay him 250 grand a year and not a penny more..."

The response from Wease's counsel is, "We're not coming back for a penny less than $550 grand a year..."

This is the monetary version of the physics connundrum, "immovable object meets irresistable force..." or maybe it's "two male cats meet on a fence at midnight..." I dunno.

The result is the Sounds Of Silence.

---
It's probably more mundane than this wacked-out scenario, but it's a soap opera of sorts and I'm just one of the creative staff writers who cooks up unimaginable scenarios.

Now I'm off to Creative Writing 201. See you after class. Let the flaming begin. But be nice.
 
Shudderly Fantastic

Mike, your plot is so twisted that it sounds like it came out of a three martini lunch among corporate goombas - which makes it frightening plausible. If you feel a chill when you think about it, it ain't that there's a draft from the high winds outside.

Let me add only that it may not have been planned that way, but it might play out that way in the end.

PS - Doyle is a Regional VP for Entercom - the highest ranking local official in WNY. He's Entercom's most authoritative local source on the Wease situation. Since it's a serious matter, who better to represent the company than the local "Big Guy" himself?
 
So, what you're really saying is that Wease is gonna end up with a lot less money anyway, so he'd rather "stick it to The Man" while he's at it?

Jeez, remind me to be glad everyday I don't work for you.

1. He will end up with what the market will bear, and it will be based on his billing track record.
2. As you and others have said, this is a stand off. If both parties hold their ground on principle, it means they agree to disagree, and let the market decide.
3. If they come together as pros often do, both will be pleased and happy to put it behind them.

Have you even read a paperback about negotiating? This is pretty basic stuff.
 
The First Rule of Negotiation - Know the Players

JohnGault said:
3. If they come together as pros often do, both will be pleased and happy to put it behind them.

Have you even read a paperback about negotiating? This is pretty basic stuff.

Have you met Wease? Have you heard him on the air? The guy went on for days because his new studio doesn't have a freakin' window. Somehow, I don't picture him being "happy to put it behind them" when he take a significant pay cut.

And he will take a significant pay cut, whether he stays with 'CMF or not.
 
I see lots of you are reading Horoscopes (since that has yet to be decided), I think the odds are 50-50 that he will settle with Entercom in a face saving way (no one will ever know), or surprise most by agreeing to another deal on the table, retaining the lion's share of his value either way.
 
Radknowski said:
And there's Mr. Doyle updating listeners about negaotiations with Wease on the Wease & Friends Morning Show. Performing a public service or is it positioning and spinning at its most obvious? Orrrrrr... was Doyle serving notice?

On this point, I must agree with ChiaHead: This Doyle does have a huge ego.
 
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