KILO tops Arbitrons again, 1,850 laid off at Clear Channel
KILO (94.3 FM) took its third ratings title in a row, narrowly topping KVOR (740 AM) in the latest Arbitron radio ratings.
KILO was also tops in the 25-54-year-old demographic, where KKLI (106.3 FM) took second.
The big news of the day, though, was the layoffs at Clear Channel. Nationwide, the radio giant is cutting 9 percent of its staff - some 1,850 people. No word on local layoffs yet, I'll definitely report it when I hear.
posted by AndyW @ 1/20/2009 12:25:00 PM
2 comments
2 Comments:
Radio is still a profitable business unfortunately it became coporate america which means it's a cash flow vs. revenue game. Before consolidation radio owners paid high commissions and employed live talent yet made a profit. Revenues are higher now than they were 10 years ago even though they aren't as high as the past few years. SO, the industry is suffering because it is now about the bottom line instead of our passionate listerners.
Early word is that something like 9 were let go from the evil empire today. Sales types. No on air---yet!
Maybe this will be the beginning of the end of Clear Channel, and eventually getting stations back to
being owned and run by LOCAL operators.
Post a Comment
<< Home