You may ask yourself:
What do power tools have to do with radio? Or with broadcasting? (Leaving aside their use by engineering staff.)
This link won't explicitly make the connection. But after reading it, you'll probably be reminded of what consolidation has done to radio and what it's likely to do to broadcast television.
www.worseonpurpose.com
It's a great read. Here's a sample:
The 2010 merger of Stanley Works and Black & Decker created a company that already owned DeWalt. From there they went on an acquisition spree that should have built an empire. Instead it built a bloated holding company drowning in debt and leadership turnover.
They bought so many brands they were competing with themselves on the same store shelves, then starved the weaker ones to feed DeWalt.
[...]
The cost-cutting has been relentless. SBD launched a $2 billion "cost reduction and operational simplification" program. Since late 2023, they've cut roughly 7,000 employees globally. Closed plants in South Carolina and Texas. Sold off their aerospace fastener business to Howmet for $1.8 billion in cash. The total workforce dropped from about 48,500 to 43,500 in a single year. Annual filings show $141 million in restructuring charges in 2022 and another $39 million in 2023.
[end quote]
Sound familiar?
What do power tools have to do with radio? Or with broadcasting? (Leaving aside their use by engineering staff.)
This link won't explicitly make the connection. But after reading it, you'll probably be reminded of what consolidation has done to radio and what it's likely to do to broadcast television.
Your Power Tools Got Worse On Purpose | Who Really Owns DeWalt, Craftsman, and Milwaukee?
How TTI and Stanley Black & Decker took the same playbook in opposite directions. One invested $206M in R&D and grew to 4,000 workers. The other is $6 billion in debt and closing its hometown factory.
www.worseonpurpose.com
It's a great read. Here's a sample:
The 2010 merger of Stanley Works and Black & Decker created a company that already owned DeWalt. From there they went on an acquisition spree that should have built an empire. Instead it built a bloated holding company drowning in debt and leadership turnover.
They bought so many brands they were competing with themselves on the same store shelves, then starved the weaker ones to feed DeWalt.
[...]
The cost-cutting has been relentless. SBD launched a $2 billion "cost reduction and operational simplification" program. Since late 2023, they've cut roughly 7,000 employees globally. Closed plants in South Carolina and Texas. Sold off their aerospace fastener business to Howmet for $1.8 billion in cash. The total workforce dropped from about 48,500 to 43,500 in a single year. Annual filings show $141 million in restructuring charges in 2022 and another $39 million in 2023.
[end quote]
Sound familiar?
