Joel Hollander to leave CBS Radio?

Feedback.pdxradio.com message board: Archives: Portland radio archives: 2007: Jan, Feb, March - 2007: Joel Hollander to leave CBS Radio?
Author: Bob
Friday, March 16, 2007 - 12:16 pm
Top of pageBottom of page Link to this message

View profile or send e-mail Edit this post

From allaccess.com

THE NEW YORK POST's PETER LAURIA reports CBS RADIO Chairman/CEO JOEL HOLLANDER is quietly laying the groundwork to step down before his contract expires at year's end after a discordant relationship with CBS boss LES MOONVES, according to several sources familiar with the matter.

"HOLLANDER's a radio guy, and CBS doesn't understand radio nor do they like radio," said one source familiar with the tussle.

CBS RADIO has struggled since HOWARD STERN took his morning show and its more than $100 million in annual revenue to SIRIUS SATELLITE RADIO last year. Revenue at the unit fell 7% to $2 billion in 2006.

According to two radio industry sources familiar with the situation, HOLLANDER felt it was a big mistake to keep STERN on the air after he agreed to jump to SIRIUS. He argued that CBS -- which owned the STERN show when it was on terrestrial radio -- should follow the example of CLEAR CHANNEL and CITADEL, both of which dropped STERN upon word of his defection to satellite radio.

These sources also said that HOLLANDER was unhappy with CBS's investment in radio and disagreed with the decision to sell assets. CBS last year sold 39 stations for $668 million.


Topics Profile Last Day Last Week Search Tree View Log Out     Administration
Topics Profile Last Day Last Week Search Tree View Log Out   Administration
Welcome to Feedback.pdxradio.com message board
For assistance, read the instructions or contact us.
Powered by Discus Pro
http://www.discusware.com