http://www.radio-info.com/news/kgok...mickey-luckoff-isnt-allowed-on-a-kgo-talkshow
Go ahead. Have fun with it. I could use a few more laughs.
Go ahead. Have fun with it. I could use a few more laughs.
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HEY CITADEL BASHERS: HERE'S ONE FOR YOU...
- Thread starter SRP
- Start date
Can't say that I'm surprised that they'd keep somebody who just dissed the company from getting airtime.
Laugh it up, Citadel Sycophant. From Radio-Info News:
"R2 Investments says CEO Farid Suleman and the directors displayed “a shocking amount of corporate greed and dishonesty” by going for an “egregious payoff” in stock, instead of stock options. R2 asks the federal bankruptcy court in New York to order Citadel to adhere to the re-organization plan, now that it has emerged from Chapter 11 bankruptcy protection. It claims that Suleman is now doing exactly what he said he wouldn’t, with the result that “Citadel now has the highest-paid management in the terrestrial radio broadcasting industry.” R2 estimates that Suleman alone will eventually bank $55 million based on the equity grants."
Is it any wonder three of the best billing sales professionals at the Buffalo cluster in the last week left Farid's merry reservation?
"R2 Investments says CEO Farid Suleman and the directors displayed “a shocking amount of corporate greed and dishonesty” by going for an “egregious payoff” in stock, instead of stock options. R2 asks the federal bankruptcy court in New York to order Citadel to adhere to the re-organization plan, now that it has emerged from Chapter 11 bankruptcy protection. It claims that Suleman is now doing exactly what he said he wouldn’t, with the result that “Citadel now has the highest-paid management in the terrestrial radio broadcasting industry.” R2 estimates that Suleman alone will eventually bank $55 million based on the equity grants."
Is it any wonder three of the best billing sales professionals at the Buffalo cluster in the last week left Farid's merry reservation?
Hey, Farid's got to make up for all the money he lost in stock value when he tanked the company the first time.
Element9 said:
I am indeed laughing, but I'm no sycophant. Fact it, I pretty much feel the same way about the former CTDBQ.
What's amusing is watching you and your brotha from a diff'rent mutha get yer panties in a wad over and over every time Farid's doings makes a headline. But I guess everyone needs a hobby...
Gee, I guess people should just bend over and take it from corporate without complaining, huh? Maybe letting people know that "These aren't very good people." and that "They don't treat people well." isn't important in your opinion. Then again, we know about opinions...
How's all that complaining working for you? Farid give you a call lately? I doubt it. No one listens to complainers. If a company that holds some of the debt files a lawsuit, that gets attention. From what I read, it's a good lawsuit, and may cause the company some trouble. Too bad no one thought to do this a year ago.
If you look at the initial filing carefully, you'll see there were objections, but they were steam-rolled by the court. Promises made that apparently were not kept. Suleman is supremely arrogant, believing he is above the law. He wouldn't be the first. Now it will get a bit more complicated for him, deservedly so. As to bitching about Citadel here? The company has made more than its share of stupid decisions. It deserves to be held accountable. This is a message board, one of the better ones on the R-I network, from what I've seen, with long established local posters who have an understanding of the business and the market. News gets reported, I comment. I'd prefer to think of my commentary as shining the light of day on the mildew and rot of the radio business. I'm entitled. So are you. It's what we do.TheBigA said:
Element9 said:
No it's not what I do. I don't believe compaining in message boards is a productive use of time. Nothing has changed as a result of it. This is directly an issue between a debt holder and the company. This is how to get things done. But they won't be quoting posts in message boards as part of their brief.
You know, BigA, you make enough noise, and people start to listen. There have been postings here that were picked up by radio columnists. Those columns are spotted by analysts, and the next thing you know somebody with real power starts looking at companies and practices.
You're one of the guys who advocates the power of Internet, yet now you're telling us that the Internet has no power? C'mon, get your story straight.
You're one of the guys who advocates the power of Internet, yet now you're telling us that the Internet has no power? C'mon, get your story straight.
SirRoxalot said:
You have to make noise to the right people. Otherwise, it's a tree falling in a forest. Newspaper columnists? Are you kidding? No one reads newspapers. And all the radio analysts got fired when the stock prices crashed. Who has "real power?" The FCC? Really? The government stopped caring about broadcasting a long time ago.
If you work for a company and someone treats you like crap, either file an abuse lawsuit, or at least go to Human Resources. But whining on message boards is like masturbating and saying it's just like making love.
SirRoxalot said:
It depends on your goals. If you want to yell and scream, it's a great place. But if the goal is affecting change, maybe getting someone fired or at least repremanded, it's not too effective. At some point, you need to grow a pair and go to court.
Nobody reads newspapers? ??? Bluster and false statements like that prove your arrogance and lack of knowledge in the Western NY area, in my opinion. I'm not disputing that newspaper readership is way down but the last I knew the Buffalo News was doing quite well as far as newspapers go. I'm not sure about the Rochester D & C but newspapers are read on a daily basis in Western NY despite what the "Almighty A" says.
Grow a pair and go to court? Very mature! Not everybody has the means and ability to get tied up in court. Let me ask you, do you go to the Washington Mall everytime there's a protest, hold a sign up and tell the protesters to "grow a pair and go to court"? I wonder how far that would get you?
Grow a pair and go to court? Very mature! Not everybody has the means and ability to get tied up in court. Let me ask you, do you go to the Washington Mall everytime there's a protest, hold a sign up and tell the protesters to "grow a pair and go to court"? I wonder how far that would get you?
John C said:
My comment was in response to the view that Wall Street analysts are going to read an article in a Buffalo newspaper and recomment against investing in Citadel. That was the context. Most local papers, including the Washington Post, no longer have radio columnists. If Buffalo still does, my most humble apologies. The New York Post has an active radio columnist, and I doubt he has much influence over financial analysts. My point had to do with the connecting of dots between message boards and financial analysts. The reality is that banks, financial institutions, and investment companies have all agreed that broadcasting is not a great investment at this time. So complaining in message boards, assuming those complaints trickle down to newspapers and then to financial analysts, are not very effective. I still maintain the proper place for complaints is either through the courts.
John C said:Grow a pair and go to court? Very mature! Not everybody has the means and ability to get tied up in court. Let me ask you, do you go to the Washington Mall everytime there's a protest, hold a sign up and tell the protesters to "grow a pair and go to court"? I wonder how far that would get you?
Let me put it this way: What effect has any of those protests had on actual public policy? Even Martin Luther King's speech from the steps of the Lincoln Memorial in 1963 would have gone on deaf ears had the President not already been working on the Civil Rights Act of 1964. This was a process that was begun under JFK, and concluded by LBJ.
Going to court shouldn't be governed by having the means or ability. But rather, having the real passion to get things done. I have found that "means and ability" are easily obtained if the cause is really serious. But most people who complain on message boards have more hot air than actual desire. So they end up complaining until they die, and nothing ever changes. I learned as a little boy that nothing is ever accomplished by holding my breath and stomping my feet. It's a good lesson to learn.
Now if you have actual facts that show what I said is wrong, post them.
Let me add that civil disobedience is very different from complaining on message boards. Those who would organize protests in front of Citadel headquarters or get arrested are doing a whole lot more towards change than sitting on one's butt posting on a message board. Not that there's anything wrong with posting on message boards. I do it all the time. But I don't expect to get any results from it. Which is good, because I never do.
John C, don't bother looking for actual facts. Big A has shown time and time again when anyone rises to his challenge and proves him wrong, he finds a way to either change the context, discredit the source or just simply weasels out of it.
Review his posts from the past and you'll see this guy spends most of his time arguing with posts made by others.
He's aptly chosen the handle, "Big A" - because that's what he is.
Review his posts from the past and you'll see this guy spends most of his time arguing with posts made by others.
He's aptly chosen the handle, "Big A" - because that's what he is.
TheBigA said:
Says the guy with one of the highest "posts per day" rates on Radio-Info.com. For somebody who thinks that posting on message boards is pointless, you do an AWFUL lot of it.
You don't seriously think that the radio industry trades don't troll Radio-Info for leads, do you? And you don't seriously think that people with an interest in the health of a particular broadcast company don't come across that information when they do a Google search, do you? C'mon, stop being a corporate shill for a moment and acknowledge that the Internet can be a thorn in the side of a corporate entity if enough people start posting bad things about them.
Google "Citadel radio Farid Suleman stock". Radio-info.com posts come up on the first results page - in the top ten results. Do you mean to tell me that you don't think that people considering an investment in a company don't google that company and some of the issues in the news in order to determine the "industry buzz". Yeah, right.
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