Entercom is in massive debt they can't pay their notes. I predict you are going to see a lot of consolidation, farming out jobs to contractors that can do it cheaper than in house, saving on benefit packages which cost 30% up from 20% in 1996. You will see a shrinking of part timers and elimination of production jobs. You are going to see many high paid people that just can't be sustained during this pandemic and economic down turn be eliminated.
Take a look pal, there is NO billing going on! Ads are down. Bigtime. The fall book means squat if they can't calm investors and banks. Slash and burn does that.
Just in Chicago:
No jock on B96 from 8PM - 5AM. A stalwart Top40 that has been allowed to wither away and handily beat by KISS overall and in many demos.
No AM drive on US99 (That was such a priority when they had a competitor in the market that just beat them 25 - 54 before they exited the market)
Cutting traffic and automating overnights on NewsRadio WBBM.
Is this what they are going to sell potential advertisers while defaulting on loans?
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