According to one of the radio news letters, Clear Channel has converted their stations to use the software from this company’<\/p>\n
http:\/\/www.rcsworks.com\/en\/default.aspx<\/a><\/p>\n and significant new layoffs are about to happen at Clear Channel with improved computer automation – shutting down now even the regional offices – and stripping more and more employees out of the radio stations and replacing them with mindless computer automation\u00a0 Clear Channel still owes somewhere between $16 and $20 billion to banks and others in the Private Equity transaction put together by Bain Capital and Thomas F Lee in 2007.<\/p>\n Clear Channel CEO Bob Pittman has been busy building business relationships over in Cannes, flying there on the official Clear Channel private plane that was part of his contract<\/p>\n http:\/\/www.radio-info.com\/news\/cc-ceo-bob-pittman-wines-dines-cannes-audience-on-yacht<\/p>\n So Cumulus and Clear Channel are both going down the same path – if you are up to your eyeballs in debt, the way to take a profitable business and make it better is to cut costs to the bone, fire your employees, destroy the product and chase your customers away – and have a big party to build morale.<\/p>\n I wonder who is going to pick up the pieces when this comes to its inevitable end.\u00a0\u00a0 Apple?\u00a0 AT&T?\u00a0 GEICO insurance?\u00a0\u00a0\u00a0 President Obama’s minions?\u00a0 Who has the cash and desire to take over the radio business when these guys finish destroying it?<\/p>\n","protected":false},"excerpt":{"rendered":" According to one of the radio news letters, Clear Channel has converted their stations to use the software from this company’ http:\/\/www.rcsworks.com\/en\/default.aspx and significant new layoffs are about to happen at Clear Channel with improved computer automation – shutting down … Continue reading