»
CBS Radio has laid off about 115 staff members across its 179 stations, including the entire airstaff of WJMK Chicago’s oldies-formatted HD2 side channel, reports Billboard Radio Monitor. CBS won’t comment on the cuts, but a “reliable source” told the Monitor that the cuts include general managers Chad Brown of WCBS-FM New York and Trip Reeb of KROQ Los Angeles.
According to an internal memo from CBS Radio, CEO Joel Hollander explains that the layoffs are part of an initiative that will help the company manage costs as it moves to “reshape and restructure our radio group.”
It goes on to say that the layoffs are helping the company to sharpen its portfolio of properties “to make sure that each is part of our overall strategy.” He adds that he doesn’t anticipate additional plans along these lines.
CBS announced over a month ago that it would divest several stations in smaller markets - such as Memphis, Buffalo and Rochester - with lower revenue producing potential, according to Reuters.
Radio stations in the U.K. reacted with outrage when they learned of a report by researchers from the University of the West of England which accused them of promoting excessive drinking.
The study looked at 1,200 hours of radio output,…
General Motors posted sales of 308,817 vehicles in August. That’s a drop of 20 percent from August of last year - but 31 percent better than July.
In order to boost sales as much as possible during a time when…
A new digital out-of-home network to reach golfers is launching to 100 retail locations in the next two months. The network will be available in Dunham’s Sporting Goods, Golf Etc., Golf USA, Pro Golf, and ParMasters, among others.
Fox says that viewers’ attention to commercials is higher when fewer commercials are aired. The revelation comes as a result of testing the network has done for its freshman thriller, Fringe, which will premiere Sept. 9 with limited commercials and shorter…
Worldwide sales of mobile phones will reach 1.28 billion units in 2008 - up from 1.15 billion units in 2007 - an 11 percent increase from last year, according to Gartner, Inc - (via MarketingCharts).
While the mobile phone market is poised for…
Consumers in all income segments are cutting back spending, and doing so to a greater extent recently than at the beginning of the second quarter, according to a comScore study examining changes in consumer attitudes and perceptions about the U.S. economy…
