Bulletin: Layoffs and brokered programming at Audacy

 


Back in July, 2021, Audacy had a "reduction in force" throughout their properties, but Los Angeles was largely spared. Starting today, Audacy imposed another round of layoffs, this time there are individuals leaving the studios located on Wilshire's Miracle Mile. 

Here's the official statement from Audacy:

Over the past few years the company has undergone a "transformation journey" that included growth through acquisitions, platform enhancements, and the addition of hundreds of employees. We remain committed to this exciting transformation which has made us a much stronger organization, but in light of current macroeconomic headwinds, like so many other companies, we have been proactively taking actions to mitigate against the impact of any downturn. These include evaluating budgets, reducing expenses, and also reducing our workforce. 

It's expected about five percent of Audacy employees will be affected by the layoffs. 

Meanwhile, starting last weekend mornings at KNX-AM consist of brokered programs from 6 - 10 a.m. This includes the "Car Pros" program, as well as other advertisers. The all-news format continues on KNX-FM during those Saturday and Sunday AM hours.

More details forthcoming.

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