Again, this has been a case of someone trying to be the big dog in radio, having never been in radio before. While I understand the lay-off's at metro due to finances, it's quite possible that the downgrade of westwood's stock has been due, in part, to his decision to terminate all those employees. While it's true that the econmy isn't good, and therefore, advertisers are doing what they have done previously, it's important to remember that the last thing you want to do when times are tough is to reduce advertising - you have to make, or rather, convince, consumers to spend their money, even if they want to hold on to it...making changes in how you present the product to potential clients, as well as reducing the cost to those clients, normally will keep them on the air. Bottom line, creativity is what is needed - thinking outside the box...maybe the change of adding those with a radio sales background will help - but positive changes have to be made - not changes to how the product is delivered. Does anyone really believe that 13 hubs can do the same job as the previous 60+ metro offices? I think not.
As for the former westwood ceo, read one of my previous posts about his background...it doesn't surprise me in the least that he's now the former ceo.