Buyouts at CBS Radio News in advance of Spin-Off - Page 3
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Thread: Buyouts at CBS Radio News in advance of Spin-Off

  1. #21
    Quote Originally Posted by PTBoardOp94 View Post
    It isn't just network news that is suffering fewer ad dollars, it is all national platforms. According to RAB, national revenue fell by 5.5% from 2011 to 2014.

    I think Westwood One's platforms in particular have been hit harder than some other companies.
    But, we seem to be ignoring or missing the big broke elephant in the room: Westwood One is owned and operated by Cumulus, which is in severe debt. Westwood's goal by cutting it's fees to CBS, is to hope to at least make the same revenue it always had selling CBS but with paying the vendor (CBS) less, in order to hold on to more money.

  2. #22
    What you've written about CMLS debt is true, but I don't think it necessarily drove the decision to renegotiate the CBS fees. The lower revenue they are getting likely drove the decision and CBS, looking at the data, concluded that they needed to reduce the fees to keep the business with the result that some of the higher priced talent would be offered a retirement incentive.

    I like TOH news and I'm reasonably far from being 60. While there is less clearance of ABC Radio News, Cumulus did come up with a replacement product for it, Fox News offers it as does Townhall and AP. I hope this news, while sad in the respect that a lot of longtime and respected talent will be off the air, means that CBS TOH news and other reports will retain wide clearances for some time to come.

  3. #23

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    Love some of the discussion on the past few pages. I'll have some more thoughts of my own tomorrow or Friday.

    Meanwhile, Dori Monson at KIRO had Harley Carnes on the air on Monday. Harley's newscasts aired during the Dori Monson show for a decade (Harley moved to the afternoon slot in a post-Christopher Glenn reshuffle in 2006), and Dori would often grab some of the more off-beat stories and discuss when he came back from break.

    Podcast here, Harley is on at 20:45. http://kiroradio.com/listen/10013335/

    Makes a couple points ... Harvey Nagler had protected Radio News from budget cuts from years, and apparently, when he knew the cuts were coming, he retired rather than have to make the cuts. Harley then noted that when Harvey announced he was leaving, he started thinking he'd be ready to go too.

    He also said, about his job, and his unique style... "My job was not just to do the news and inform people, but also to entertain to the extent that somebody driving down the road somewhere, listening to KIRO, will say, I have to get back to that place to do this again tomorrow, or the next hour. Because you are offering them something that they are not going to find everywhere..."

  4. #24
    Quote Originally Posted by PTBoardOp94 View Post
    It isn't just network news that is suffering fewer ad dollars, it is all national platforms. According to RAB, national revenue fell by 5.5% from 2011 to 2014.
    But aging network products suffered the most, due to a sharper focus on 25-54 and, increasingly, 18-49.
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  5. #25
    Keep in mind that most national programming doesn't benefit from NTR, and national radio is competing more directly against other national platforms. While the metrics may not be comparable, the demos can be pretty startling. National radio really needs to look beyond the :30 spot, and just adding podcasts isn't going to make up for the difference. This may be one reason why CBS Radio is glad that CBS Radio News isn't part of its new company. They have a lot more tools in their arsenal.

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