Colorado Media Newsroom
August 15th, 2022, 06:00 PM
From Radio Insight:
https://radioinsight.com/wp-content/images/2021/03/audacy-200x200.pngMultiple sources have confirmed to RadioInsight that a round of layoffs are imminent across Audacy’s local markets with the planned personnel cuts taking place as soon as Tuesday.
Audacy CEO David Field and CFO Rich Schmaeling indicated “cost reductions” were coming on their Q2 Earnings Call (https://seekingalpha.com/article/4530594-audacy-inc-s-aud-ceo-david-field-on-q2-2022-results-earnings-call-transcript) earlier this month with Field stating, “We are working to enact substantial sustainable savings through a number of measures to improve margins and profitability across the business. We believe we will be able to deliver meaningful cost reductions without hindering our strategic priorities and growth plans.” Schmaeling added, “We are working on a program to meaningfully reduce our expenses and we will provide further details about the scope and extent of those actions on our third quarter call.”
Some of the cuts began last week, such as the exits of morning hosts Jeff Miles and Rebekah Black (https://radioinsight.com/headlines/237243/kluv-cuts-ties-with-miles-in-the-morning/) at Classic Hits 98.7 KLUV (https://www.audacy.com/kluv) Dallas.
Another cut that took place on Friday saw the departure of 6-10pm host Jerry Coleman (https://twitter.com/sportswcoleman/status/1558126027230134272) from Sports “105.7 The Fan (https://www.audacy.com/1057thefan)” WJZ-FM Baltimore. Coleman had moved from mornings to nights in January 2021. He was on his second stint at the station returning in 2017 after previously hosting nights and serving as a Baltimore Orioles and Baltimore Ravens beat reporter. Coleman has also served as APD of “Fox Sports 1370” WVIE in Baltimore and worked at WTEM Washington.
more (https://radioinsight.com/headlines/238057/round-of-audacy-layoffs-imminent/)
https://radioinsight.com/wp-content/images/2021/03/audacy-200x200.pngMultiple sources have confirmed to RadioInsight that a round of layoffs are imminent across Audacy’s local markets with the planned personnel cuts taking place as soon as Tuesday.
Audacy CEO David Field and CFO Rich Schmaeling indicated “cost reductions” were coming on their Q2 Earnings Call (https://seekingalpha.com/article/4530594-audacy-inc-s-aud-ceo-david-field-on-q2-2022-results-earnings-call-transcript) earlier this month with Field stating, “We are working to enact substantial sustainable savings through a number of measures to improve margins and profitability across the business. We believe we will be able to deliver meaningful cost reductions without hindering our strategic priorities and growth plans.” Schmaeling added, “We are working on a program to meaningfully reduce our expenses and we will provide further details about the scope and extent of those actions on our third quarter call.”
Some of the cuts began last week, such as the exits of morning hosts Jeff Miles and Rebekah Black (https://radioinsight.com/headlines/237243/kluv-cuts-ties-with-miles-in-the-morning/) at Classic Hits 98.7 KLUV (https://www.audacy.com/kluv) Dallas.
Another cut that took place on Friday saw the departure of 6-10pm host Jerry Coleman (https://twitter.com/sportswcoleman/status/1558126027230134272) from Sports “105.7 The Fan (https://www.audacy.com/1057thefan)” WJZ-FM Baltimore. Coleman had moved from mornings to nights in January 2021. He was on his second stint at the station returning in 2017 after previously hosting nights and serving as a Baltimore Orioles and Baltimore Ravens beat reporter. Coleman has also served as APD of “Fox Sports 1370” WVIE in Baltimore and worked at WTEM Washington.
more (https://radioinsight.com/headlines/238057/round-of-audacy-layoffs-imminent/)