Restructuring Underway At Clear Channel

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Posted by on January 20, 2009 at 10:58:18:

From All Access:

TODAY (1/20) is the day the industry expected a round of layoffs to happen at CLEAR CHANNEL -- and that is, in fact, the case.

If you are among the people impacted by TODAY's layoffs, please contact us (including name, position, station/market, phone/e-mail contact info) so that we can get your information posted as soon as possible. A list of those downsized is below.


What Can Be Expected Today?

THE NEW YORK POST reported FRIDAY 1/16 that a major restructuring at CLEAR CHANNEL would begin on TUESDAY (1/20), with a plan that seeks to cut $400 million in costs to be unveiled.

Over the weekend, THE WALL STREET JOURNAL added to that report, writing that "CLEAR CHANNEL plans to lay off about 7% of its U.S. staff and replace more local shows with syndicated content, moves that could affect the broader radio and outdoor-advertising businesses for years to come."

The WSJ story continues: "TUESDAY, CLEAR CHANNEL will lay off about 1,500 employees, mostly in ad sales, and implement other cuts aimed at saving close to $400 million, according to a person familiar with the situation."


Here Are Some Folks Who Are Now Looking For Work

SVP/News/Talk/Sports GABE HOBBS is looking for work after nearly 25 years. Reach him at (813) 610-4765,

Rhythmic AC KHHT (HOT 92.3)/LOS ANGELES PD R-DUB! is out. The talented programmer, who is also the creator and host of the syndicated shows SUNDAY NITE SLOW JAMS, was jumping on a plane to RIO DE JANIERO after getting word. R-DUB! can be reached at Look for R-DUB!'s syndicated SLOW JAMS show will continue, business as usual.

CC/PORTLAND, OR Online PD DAVE OSBORNE exits after 13 years with the company, handling five stations in the cluster, and working on interactive projects for CLEAR CHANNEL's national network and some even bigger projects for stations like KIIS/L.A. and WHTZ/NEW YORK. Reach DAVE at or (503) 244-8274.


WIBT (96.1 THE BEAT)/CHARLOTTE PD ROB WAGMAN exits. Find him at (704) 641-4490 or Also, WIBT Promotions Dir. SARAH LEE OWENSBY is also out. She's

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