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Discussion in 'Radio Broadcasting' started by Eat News, Oct 11, 2017.
Cumulus is more the Nexstar to iHeart's Sinclair.
In the latest Cumulus happenings, Cumulus backs out of the deal to buy WKQX and WLUP from Merlin Media, presumably to re-negotiate the terms of the deal; however Randy Michaels is ready to resume operational control of the stations if Cumulus goes belly up.
Furthermore, Cumulus managed to cancel Mancow's contract, causing him to now be working day-to-day without a contract.
Cumulus says they’ve found a way out of bankruptcy.
I had to read that twice just to be sure It was real.
These guys were in BK for less than a year.
Those were very sound moves for a crappy company that destroyed a bunch of good legacy radio stations.
Sucks to be Mancow though...lol.
I hope ClearChannel / IHM is paying attention.
Just a little over six months in Chapter 7... geez.
I knew Mary Berner had been around the block with regard to steering companies through bankruptcy (see Readers Digest) but this is almost ridiculous. She’s said and done all the right things and even with the Chicago fiasco re:WLUP, it can be argued that they made the best out of a messy situation.
iHeart wishes they could be as lucky... of course, their debt is far worse and onerous.
Two cuts at Chicago's WKQX. Both Saturday and Sunday morning personalities, Mishell Livio and Russell Tanzillo, respectively, are out. Both of their bios have been removed from the station's website. Mishell updated her LinkedIn page to confirm her departure; meanwhile, Russell has made all of his social media pages private and has essentially disappeared from the public eye.
I guess Cumulus analyzed their weekend morning ratings and questioned why they even started voicing those dayparts in the first place. Those dayparts were previously unvoiced prior to September 2015 when the station underwent a massive increase in airstaff to cover all dayparts. Tanzillo was hired in that Sept. 2015 expansion, while Livio was hired more recently in January 2017.
This is now the smallest airstaff that the station has had (6 staffers; 4 weekday and 2 weekend/fill-in) since the aforementioned September 2015 expansion.