Hey, if they sell one more ad that would be true. The problem is that he is trying to sell it as part of a well crafted master plan to do what is best for the frequency. It is not. It is a reaction by a poorly run company that squandered tens of millions of dollars of stockholders money and now is trying to slash costs to emerge from bankruptcy.
Whoa now wait a minute. Tyler is no different than any other GM. He's just trying to do what the people upstairs tell him to do. If anyone should get the blame for this mess its the Citadel board members!
How nice to screw all the shareholders and yet everyone gets shares in the new company. Not only that but the board (ie; the ones who created this "crapstorm") get to keep their jobs!
I'm sure ol Tyler is not making minimum wage either so I'm sure he could be on the bubble at any time as well if they decided.
Personally they should have sold off non performing stations (ala 96.7) and used the cash to service the debt. And speakig of servicing have you SEEN THE INTEREST ON THAT DEBT? I've seen high maintance women that you could wine and dine cheaper!
Oh and how nice this all happens before the nextannual board meeting! Everyone who had blocks of shares (Hey you can be a major player in citidel at only .03 per share!) could have banded together and given a no confidence vote and had them ousted!
We could have done this before and I did vote no. But they blew so much smoke up everyone's dresses they let them renew the terms! Of course losing Hannity to Premiere and Paul Harvey's passing sure didn't help matters either.
And I'm sure Tyler, Mark, Hal and others have taken a bath ala Enron since their stocks are worthless as well!
Yes some great people were lost but we all knew what we signed up for in this business including myself.
Pray they don't kill anymore off and don't go automated!
-BGH