It's not the economy.
How much money was made last year in Oregon from politcal ads? Millions comes to mind. But today corporate radio is not making money and just bringing in the bare amount of money to service debt.
However back in the 90's Jim Ryan, his significant other, and Van Halen never made any money with Q105, but went out to spend their way to a higher market share with the plan if they had a higher market share they could sell the station for a large capital gain.
So they bought Q105 for $1 Million and sold it for $10 Million. And many of you praise Larry Wilson as the new savior. Frankly he isn't. He sold his share of Citidel at the top. Did he ask for guarantees to be made to talent when he sold Citadel. I think not.
Tara and many of the others did not deserve to be released, but it was to come and everybody is to blame.
Where have most of the unions in broadcasting gone? If the unions had been powerful enough in broadcasting back in 1995 the millions thrown at owners of stations would have not happened, as talent would have the power to negotiate.
But if anybody thinks the blood letting is going to stop, guess again. With Mitt Romney's Hedge fund owning Clear Channel, and Romney still planning to be the President of the United States,he only wants to make money. He has always cut jobs, "outsourced jobs", because the only person he cares about is Mitt. When will the air talent stand up and begin saying enough?
Some of you are near or at early retirement age. Frankly it should have been done years ago, but it is now time to say enough and "save it now".
Posted on May 29, 2009 - 12:57 PM
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