Cincinnati, Ohio’s St. Anthony Messenger Press will cut staff, closing its Cincinnati telemarketing center, offering voluntary early retirement, and cutting its independent sales force. It would not say how many jobs will be lost. The firm will instead focus on its “inspirational” products and services. The firm is looking into cutting salaries and bonuses. The religious publisher [...]
Continue reading...Tuesday, April 28, 2009
Radio and advertising conglomerate Clear Channel is laying off 590 people in its radio division, and suspending its 401(k) matching plan. The layoffs target programming, engineering and customer service workers. The firm announced 1,850 sales layoffs in January. Clear Channel will also suspend its matching contributions to employees’ 401(k) retirement accounts as of Thursday. Clear Channel Communications [...]
Continue reading...Sunday, April 26, 2009
National Public Radio will lay off 13 employees. The non-profit broadcaster will also eliminate contributions to employee retirement accounts, reduce medical benefits, add unpaid holidays and furlough all employees for five days this year. Merit pay increases for 2010 have been eliminated, and 18 unfilled positions will be cut or frozen. Created in 1970, National Public Radio is [...]
Continue reading...Wednesday, March 25, 2009
Columbia, Maryland media research firm Arbitron is cutting 10% of its work force. The firm will eliminate 110 full-time positions, 80 of them in the Baltimore area. Some 70%, or 767 of the company’s 1,084 full-time employees, work in Columbia, where the company moved its headquarters this month. Arbitron is a radio audience research company which collects listener [...]
Continue reading...Thursday, February 12, 2009
Mountain View, California-based Internet search-engine behemoth Google has announced plans to shut its three-year-old radio-advertising business and cut as many as 40 jobs. The company, which expanded into the market with the 2006 purchase of DMarc Broadcasting, is seeking a buyer for software that arranges ads on radio programs. Google will stop selling radio ads by [...]
Continue reading...Wednesday, February 11, 2009
Speculation that the company is very close to filing for bankruptcy caused shares of Sirius XM Satellite Radio fell 50% Wednesday afternoon. The shares fell 6 cents to close at 6 cents. Two years ago, the stock was in the $4. Sirius and XM have both been hurt by the decline of automobile sales. [...]
Continue reading...Wednesday, February 4, 2009
Bloomberg will cut 100 television & radio jobs in its first layoffs since it was founded in 1981 by now-New York Mayor Michael Bloomberg. The news and financial data provider will cut the jobs in the US, 45 of them from its newsroom staff. Bloomberg might cut other jobs in Britain, Europe and Japan. The New York [...]
Continue reading...Wednesday, January 21, 2009
General Manager of Springfield’s Clear Channel, Paul Windisch, confirmed that the company made layoffs at their site in Springfield–just part of the company’s eventual plan to cut 7% of its U.S. staff. Reports earlier this week showed that the radio and billboard company would be cutting costs: about $400 million of them. Perhaps starting with [...]
Continue reading...Monday, January 19, 2009
Having completed its long-rumored goal of destroying American radio, Clear Channel Communications will cut about 1,500 jobs, or 7% of its work force, in a move to save $400 million. The job cuts would mostly affect the radio station chain’s advertising salespeople. The company employs about 20,000 in total. Clear Channel is also planning to replace some [...]
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Monday, June 8, 2009
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