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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.
Though off-air online and experiential advertising grew modestly as a part of the overall radio revenue pie, and election-related political ads increased in Q3, total radio ad revenues were down 9% to $4.97 billion for Q3 and down 10% for…
Glamour magazine is running its photo of Britney Spears not only on the cover of the U.S. edition, but on the covers in seven other countries, as well.
Britney will grace Russia, Sweden and Greece’s editions of Glamour, among others.…
Titan Worldwide has signed a five-year deal with the Delaware River Port Authority to manage out-of-home advertising for the Port Authority Transit corp.
The contract covers advertising on PATCO’s rail service and stations between Southern New Jersey and Philadelphia, writes Mediaweek.…
Publicis has acquired full-service agency W&K Communications, continuing its Asia expansion that began several years ago.
W&K will be pulled under the umbrella of Publicis’s Burnett agency network, and will be renamed Leo Burnett Beijing Advertising, writes Adweek.
Other recent Publicis…
With only four weeks separating Thanksgiving and Christmas this year, Cyber Monday One (December 1) and Cyber Monday Two (December 
may command a greater share of online sales than they have in years past - thus increasing the importance…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
