-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
Renda sells OKC
- Thread starter Whiplash
- Start date
Parttimer said:
If not that, at least keep the business close to home. Don't his kids work for the company?
Tony Jr. and Tony Sr.'s daughter's husband Bill both work for the company. Her name is escaping me right now.
But Tony Jr. is being groomed as his dad's successor. He's a smart guy and he's been taught very well.
Otherwise, Tony won't give up the Pittsburgh stations until long after he draws his last breath. You can put that to rest. He won't give up those stations any more than he will Punxsutawney.
But Tony Jr. is being groomed as his dad's successor. He's a smart guy and he's been taught very well.
Otherwise, Tony won't give up the Pittsburgh stations until long after he draws his last breath. You can put that to rest. He won't give up those stations any more than he will Punxsutawney.
I'd expect Muller to take over the operation after AFR's death. He's the son-in-law. As for OKC, the short and fast of it is Tony cooked his own goose. The paid a premium for a property then "fixed it" Tony's way. Tony is a guy that has to be more right than successful. Selling out Oklahoma was a result of that. Because the created the problem, the only way out of the avalanche of debt was to sell Oklahoma. Now he will likely be able to make things survivable for Muller and the rest of the relitives to maintain. The overall payout on OKC was staggering.
Steps to failure are as follows:
#1 payment of 53million for two FMs and a 50k am. On a good day making payments wouldn't be easy.
#2 continuing to run his business as a small-minded operation when his 53M investment wasn't ran on the same basis
#3 Tony wanted a "news-talk" on his AM. No wasn't an option. All resources were directed towards re-inventing the wheel and starting news talk. FMs were suddenly the stepchildren.
#4 FM talent weren't on contract. The Classic Rock morning show folks got tired of the neglect because of the AM in their building and went over to the competitor to ask them how much they'd give them if they'd jump. Armed with that price, they asked the manager for a raise. The manger, hamstrung by the AM and Tony didn't offer a raise. The morning show walked. The afternoon guy was moved to mornings with his wife as a quick fix. Two or three weeks later the manager realized what he did and got a syndicated morning show. This was done for quickness and cheapness because the AM was still bleeding red profusely.
#5 "Shoot the messenger" - The Classic Rock PD wasn't amazed by his new found syndicated morning show. He wanted nothing to do with it. He just wanted to have it go away so he could go back to winning and printing money for the company as he did for them for years. He didn't promote the morning show. He kept promos off the air. Tony got mad and forced the PD out the door.
#5 This, in the timeline might be more like 4.5. Before the PD was shown the door, the GM got all he could stand of the insanity. He parted ways with the station he built to something worth 53M. His very capable sales manager took over. This, of course, left lesser folks to take over his GSM duties.
#6 The AM got further cut back. It went from a fleet of news guys standing on top of each other in space 1/3 as big as needed to nearly no employees and sat-feed talk. The "AM" might have had a chance, but they hired a guy with 0% PD experience to run the thing. I'm sure that was done to be cheap. They got what they paid for.
#7 The GM (former sales manager) has enough. He finds an exit and gracefully uses it. There is a caretaker after that who gets to take orders from on-high, then gets let go because things don't go well. The next guy is there for a couple weeks and gets fired because he cuts unit rates to get something on the books.
So now you guys in Pitts know exactly why things had to happen like they did. Tony, like Frank Senatra, did it HIS WAY. Unfortunatly that wasn't congruent with success. I for one won't miss him or many of his "leaders" in his company. OKC will be better without his "wisdom".
#1 payment of 53million for two FMs and a 50k am. On a good day making payments wouldn't be easy.
#2 continuing to run his business as a small-minded operation when his 53M investment wasn't ran on the same basis
#3 Tony wanted a "news-talk" on his AM. No wasn't an option. All resources were directed towards re-inventing the wheel and starting news talk. FMs were suddenly the stepchildren.
#4 FM talent weren't on contract. The Classic Rock morning show folks got tired of the neglect because of the AM in their building and went over to the competitor to ask them how much they'd give them if they'd jump. Armed with that price, they asked the manager for a raise. The manger, hamstrung by the AM and Tony didn't offer a raise. The morning show walked. The afternoon guy was moved to mornings with his wife as a quick fix. Two or three weeks later the manager realized what he did and got a syndicated morning show. This was done for quickness and cheapness because the AM was still bleeding red profusely.
#5 "Shoot the messenger" - The Classic Rock PD wasn't amazed by his new found syndicated morning show. He wanted nothing to do with it. He just wanted to have it go away so he could go back to winning and printing money for the company as he did for them for years. He didn't promote the morning show. He kept promos off the air. Tony got mad and forced the PD out the door.
#5 This, in the timeline might be more like 4.5. Before the PD was shown the door, the GM got all he could stand of the insanity. He parted ways with the station he built to something worth 53M. His very capable sales manager took over. This, of course, left lesser folks to take over his GSM duties.
#6 The AM got further cut back. It went from a fleet of news guys standing on top of each other in space 1/3 as big as needed to nearly no employees and sat-feed talk. The "AM" might have had a chance, but they hired a guy with 0% PD experience to run the thing. I'm sure that was done to be cheap. They got what they paid for.
#7 The GM (former sales manager) has enough. He finds an exit and gracefully uses it. There is a caretaker after that who gets to take orders from on-high, then gets let go because things don't go well. The next guy is there for a couple weeks and gets fired because he cuts unit rates to get something on the books.
So now you guys in Pitts know exactly why things had to happen like they did. Tony, like Frank Senatra, did it HIS WAY. Unfortunatly that wasn't congruent with success. I for one won't miss him or many of his "leaders" in his company. OKC will be better without his "wisdom".
To clarify on #7, I got something out of order. The squence was the good GM, his GSM made the GM, the one that cut rates, the caretaker.... The current GM Irronically is the former GSM, who is back, who is a great guy. I just wanted to get that right and didn't get it corrected in time 
.
.It could be
1. as simple as estate planning
2. consolidation of $$$ to expand close to home
ie: is saul ready to sell
ie: buy KQV
etc etc.....
1. as simple as estate planning
2. consolidation of $$$ to expand close to home
ie: is saul ready to sell
ie: buy KQV
etc etc.....
radiomayor2 said:
Doubtful...his boys will likely keep it going.
- Status