Now it's Entercom's turn...

Feedback.pdxradio.com message board: Archives: Portland radio archives: 2008: Oct, Nov, Dec -- 2008: Now it's Entercom's turn...
Author: 1lossir
Thursday, October 16, 2008 - 10:06 am
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...for the big cuts. 401k matching is out and salaries may be frozen for '09. And there's a lot of talk about riffing at "underperforming" clusters. Is PDX considered "underperforming"?

Author: Stevethedj
Thursday, October 16, 2008 - 11:29 am
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MY prayers have been for my friends back in pdx. at Entercom. Weather nice in Vegas. Regards. steve

Author: 62kgw
Thursday, October 16, 2008 - 11:42 am
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turn 91 kksn 910khz back on soon,please,with oldies and live dj's!!!
Stop the talk!!!???

Author: Sky_sterling
Thursday, October 16, 2008 - 11:53 am
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So who's out?

Author: Itsvern
Thursday, October 16, 2008 - 1:31 pm
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Nah, need more Spanish stations, Entercom!

Author: Tdanner
Thursday, October 16, 2008 - 1:42 pm
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The 401K cut is a "polite" salary cut for the vast majority of Entercom employees. It's my understanding that Entercom matched 401K contributions at 100% up to the first $7,000 contributed by employees. So that's up to $7000 is retirement savings per year that each Entercom employee is losing.

Perhaps because it's money that won't be spent until the future, as opposed to salaries which are spent today, the cut won't seem as drastic as an across the board 7% salary cut for everyone. But it's essentially the same thing.

I hope a few jobs have been saved by these cuts, because it is a serious blow to a lot of employees retirement planning --- at a time when everything about retirement planning is looking dark.

Good thoughts to Bancroft Ave.

Author: Notalent
Thursday, October 16, 2008 - 3:37 pm
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Entercom does not control the programming on 910kHz.

Author: Craig_adams
Thursday, October 16, 2008 - 7:51 pm
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This is TERRIBLE NEWS to report from All Access, layoffs across the nation in the Entercom family: Boston, Denver, Kansas City, Portland & Sacramento.
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Nine people were left go in PORTLAND. The list of cuts includes Alternative KNRK morning show producer BRIAN BLAIR.
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These are truly trying times.

Author: Tomparker
Thursday, October 16, 2008 - 8:20 pm
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Do we know the names of any of the others who were let go? In the short time I was with Entercom Portland I found a building full of talented and enthusiastic people who were dedicated to turning out great work.

Author: Craig_adams
Thursday, October 16, 2008 - 8:30 pm
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Tom: Oh My! I just re-checked R&R. They've updated their story. Like you, I worked for Entercom and this is REALLY AWFUL NEWS TO REPORT:
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A number of back-office people were let go in the Portland, Ore., cluster, including Judy Combs, executive assistant to market manager Jack Hutchison; Brian Blair, morning show producer on alternative KNRK, was also among the casualties.
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MY Gosh! Jack & Judy are gone!!! This is UN-BELIEVABLE!!!! Jack Hutchison became VP&GM of Kisn-FM on February 25, 1998.

Author: Tomparker
Thursday, October 16, 2008 - 9:36 pm
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Craig-I don't read that as Jack being gone at all. Look again:

Judy Combs, executive assistant to market manager Jack Hutchison.

Still a tremendous loss. Judy is a gem and integral in the smooth functioning of a complex operation.

Author: Kkb
Thursday, October 16, 2008 - 10:26 pm
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Understand two out at KINK...one resignation and one budget cut.

Author: Radio_it_pro
Friday, October 17, 2008 - 2:28 pm
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She was worthless.

Author: Radioxpert
Friday, October 17, 2008 - 3:04 pm
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Oh no! Who's out at (CBS) KINK?

Author: Stevethedj
Friday, October 17, 2008 - 3:53 pm
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Radio-it pro: real nice thing to say for someone who just lost there job. Jerkoff. By the way, she was a nice person and filled a big job. I worked there for almost 14 years. You know not what you speak.

Author: Trixter
Friday, October 17, 2008 - 4:36 pm
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It's ONLY getting worse!!!!
This is from allaccess


S&P Drops Entercom, Radio One From Indexes
ENTERCOM is being dropped by STANDARD AND POOR'S from its Midcap 400 index. The stock was removed from the index after the close of trading THURSDAY, and is being replaced by oil and natural gas company COMSTOCK RESOURCES.

ENTERCOM's stock dropped to a 52-week low of $1.48 in early FRIDAY trading, down from a 52-week high of $19.59 and a year-to-date high of $13.22 on JANUARY 2nd. The company's market capitalization had dropped to 400th on the index of 400 stocks.

In addition, S&P removed RADIO ONE's stock from its SmallCap 600 index, replaced by EMS TECHNOLOGIES.

RADIO ONE's market cap has dropped to about $22 million, well below the index minimum of $250 million. RADIO ONE stock was trading at 24 cents/share in FRIDAY morning trading despite opening the day at 34 cents; the stock closed THURSDAY at 22 cents, down from a 52-week high of $3.92/share.

Author: Alex_hart
Friday, October 17, 2008 - 6:45 pm
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Entercom's stock has been on a downward trend for the past 5 years since I left. I gave my remaining stocks away today to the guy at the off ramp.

As for those that were let go at Entercom Portland that's too bad. Both Judy and Brian were genuine persons, and had talent in their respective positions.

For Radio_it_pro...you douche bag, you are far from a pro. You're as useless as a sponge in the desert. Go suck somewhere else.

Author: Egor
Friday, October 17, 2008 - 8:20 pm
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Cumulus topped winners with a 12% gain in value, picking up 32 cents a share to close at $2.08. Salem gained 9 cents to $1.11, and CBS jumped 61 cents to close at $9.41 a share.

Radio One, whose D shares (ROIAK) were tossed from the S&P SmallCap Index on Thursday evening, lost more than 19%, or 14 cents, to close at 65 cents a share. Entercom, cut Thursday from S&Ps 400 Mid-Cap Index, dropped 29 cents to close at $1.40. Emmis dropped 8 cents to 40 cents a share, and Citadel fell another 4 cents to end the week at 20 cents a share.

Wow, 20 cents a share!

Author: 62kgw
Saturday, October 18, 2008 - 8:43 am
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Entercom could regain ownweship/control of 910khz if they want to I think?didn't past owner's family keep ownership of the antenna transmitter site east of the airport??they all could make a deal with Salem,right??

Author: Chaplain
Saturday, October 18, 2008 - 10:40 am
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910 is owned by Salem Communications. Entercom doesn't want it back. Even if they did, they would not put music (oldies or any other genre) on it.

Author: Broadway
Saturday, October 18, 2008 - 11:00 am
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910/Entercom is in the middle of an LMA with Salem...Entercom still owns it and will be moving the site next year to diplex with 1080 in a new site east of the current 1080.

Author: 62kgw
Saturday, October 18, 2008 - 3:13 pm
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rock and roll will never die!!

Author: Dodger
Saturday, October 18, 2008 - 6:40 pm
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I hate to say it, but here is where small owner run radio will always win out in the end.
No stocks, no stockholders, just one person making the decisions.
Some of us out in the outback land of radio are actually making money and succeeding!
Sorry for those of you in the larger markets, things are only going to get worse.
As long as Corporations and stockholders run things, you will continue to suck on the air and on the ledger sheet.

Author: Missing_kskd
Saturday, October 18, 2008 - 8:01 pm
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Hear, Hear!

IMHO, radio just does not scale like they think it does. It's either a local medium, filling it's niche, or it isn't.

If it isn't, then it scales, but it also becomes weaker as a result.

There is no magic money machine.

Been thinking about lean manufacturing techniques and it's application to radio. Having the big corporate structure is a major drain on the potential income stream. If that's cut loose, then the actual elements that drive the revenue (and it isn't lots of managers), actually stand a chance at getting it done.

Author: Nitefly
Sunday, October 19, 2008 - 4:49 pm
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Broadway, isn't Salem in the process of buying 910 from Entercom? Or has that deal fallen through?

Author: Semoochie
Sunday, October 19, 2008 - 5:51 pm
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It would appear that there hasn't been an application for KTRO to change hands since 1999.

Author: Radiohead
Sunday, October 19, 2008 - 8:56 pm
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Entercom closed at $1.40 Friday (10/17/08)

Author: Craig_adams
Sunday, October 19, 2008 - 9:43 pm
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This from R&R, Today:

Westwood One and Citadel, which lost another 16% in value on Friday, trading down four cents at 20 cents a share, are two companies ripe for picking by cash-and-asset-strong operators. "Premiere is very aggressive and it's open season. The Mays [family] now look brilliant. They did what [Emmis'] Jeff Smulyan and [Cumulus'] Lew Dickey could not do go private. And now, Westwood and Citadel are in very dangerous territory with their market caps way down."

Author: Stevenaganuma
Monday, October 20, 2008 - 7:41 am
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"Total Radio Ad Revenues Down 8% in September "

http://radio-online.com/

Author: Notalent
Monday, October 20, 2008 - 8:05 am
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suddenly CC looks like they made a pretty smart move by going private.


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