I feel no sympathy for a company whose stock is selling for pennies a share, yet the top managers are paid millions of dollars, plus getting additional perks, while the latest company edict is to take away vacation time and continue to fire long-time employees just to save a buck.
Personally I wouldn’t shed a tear if these companies went bankrupt. Maybe then, at fire sales, someone who truly cares about broadcasting will buy up some of these radio properties and actually do something positive with them instead of the current philosophy of rape and pillage.
Question for you.Do you think that this is due to Corporate America and deregulation? What about the at will clause, I think that is an unfair law,the company will always win.
One word will answer your question: Greed! That's the driving force behind the demise of broadcasting today. There is no need for one company to own several stations in a market except for their attempts to bleed what ever they can out of these operations.
How many stations have reverted to being nothing but automated jukeboxes just because corporations have eliminated live announcers to save a buck?
I wish someone could do an in-depth study of just how many radio jobs have been eliminated during the past 20 years. Then compare what the average announcer/newsperson makes to that of a CEO or station manager. It would be interesting reading.