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WLKK PD Rivers Out

Ried ... never knew programming, but thought he did. He could only crush people, hence his moniker, "the Bone Crusher."
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He was said to be crushed when Entercom blew him out and nixed his severance after the FCC public file debacle. Few tears were shed when the employees he'd gassed over the years learned he'd been relieved, and later denied severance.

His legacy carries on at Entercom in the body of Tim Holly.
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To the relief of those who remain. "The dog you know is better than the dog you don't know."

As to who'd be a better market manager, all bets are off. Radio, as has been noted in previous posts here, is on a ventilator. The patient will survive, there is no option but to survive. The rehab however, will be long and difficult.
 
Oldbloodandguts said:
Some observations that frequent posters here do not mention:
Entercom would be afraid to sell even one lowly station to Buddy Shula. All the way to the top of that company, they know he would kick their ass in revenue and the Miller Kaps would make their board replace every one of those bungling, over-paid radio "gurus" in Philadelphia.
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The board of directors of Entercom, or any public radio company for that matter, is made up of a mix of insiders, the financiers who have a stake and outsiders. They look at the big picture... overall performance, major budget items for coming periods like capital expense, refinancing and debt management, projections, incentives for top management and the like.

They don't look at every little station. Boards don't meet every day. Or every week. Or, unless there is something very unusual, every month.

And they certainly don't look at the ratings for each individual station.
 
Oldbloodandguts said:
Some observations that frequent posters here do not mention:
Entercom would be afraid to sell even one lowly station to Buddy Shula. All the way to the top of that company, they know he would kick their ass in revenue and the Miller Kaps would make their board replace every one of those bungling, over-paid radio "gurus" in Philadelphia.
WLKK's launch of the Alt Buffalo format several years ago. A sales rep asks Greg Ried how the station will be promoted. His answer? "We're going to go to Starbucks and buy listeners coffee for trying the station!" The laughter to that statement rocked the whole sales pit as Ried walked away. That was a serious answer. He never knew programming, but thought he did. He could only crush people, hence his moniker, "the Bone Crusher". His legacy carries on at Entercom in the body of Tim Holly. That's why they are dead in the water. "This town needs an enema". A betting person would know the dumpster fire has only started to kindle over at Corporate Parkway in Amherst.
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All I will add to the above is this: Long ago, I started referring to Entercom as Entercorpse.

I never would have guessed how spot on I was in that observation, considering what has been mentioned in this thread about the company.
 
ckg279 said:
All I will add to the above is this: Long ago, I started referring to Entercom as Entercorpse
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I have a slightly different take. Typically what happens after a company cuts a lot of expense is they reinvest the broadcast money in something else.

I'm not sure what that is, but I wouldn't be surprised if the company makes some non-broadcast purchases soon.
 
TheBigA said:
I'm not sure what that is, but I wouldn't be surprised if the company makes some non-broadcast purchases soon.
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No way.

ckg279 said:
All I will add to the above is this: Long ago, I started referring to Entercom as Entercorpse.

I never would have guessed how spot on I was in that observation, considering what has been mentioned in this thread about the company.
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It wasn't that way when Joe Field ran the show (pre-IPO days). Even when ETM was around 100 stations they were still one of the better companies to work for. The CBS dead is what killed them.
 
DN14224 said:
It wasn't that way when Joe Field ran the show (pre-IPO days). Even when ETM was around 100 stations they were still one of the better companies to work for. The CBS dead is what killed them.
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It's the difference between being a majority owner and a minority owner. When you control the stock, you control the company. The Fields family now has a only a small share of the stock. David Field serves at the whim of the banks and vulture capitalists who lent them money to buy CBS. They want profit, not excuses.
 
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