Posts

Showing posts from January, 2025

Field, FISH, and Fires

Image
  pokerindustrypro.com Your local radio correspondent is still trying to make sense of the past year on the local dial and the business in general. Nonetheless, while the (now belated) year in review is still in progress, there’s been some recent news worth highlighting. Clearing the Field: Audacy Chairman David Field has stepped down as the CEO of the broadcasting and audio company after 27 years. There’s different ways to view the departing Audacy CEO. Under Field’s leadership, the company has expanded from 15 stations with $35 million in revenue to its current 230 stations, including the former CBS Radio cluster, and $1.2 billion in revenue.     Still, Field has weathered his share of criticism. The company filed for Chapter 11 bankruptcy (from which they emerged in late September 2024 ), restructuring $1.6 billion of debt to $350 million. The company’s stock price now hovers around 15 cents per share from a high in 2000 (as Entercom) at $66 a share. Part of ...

Quick fire update

Image
  Pacific Palisades We're working on the review of 2024, but we hope you understand it's been a bit challenging these past couple of days. My school notified faculty in the middle of their classes on Tuesday night to send students home, we were closed yesterday (we reopened today), mostly due to the high winds. We nonetheless have had many events postponed, rescheduled, or cancelled. My wife's childhood home in Altadena is gone, the family sold the house years ago but they still have their memories. We may go take a look sometime this weekend if we're not in the way of firefighters. We join many who are thinking of those of you and your families, who lost their homes or have had to evacuate. As of this writing, the fires had not yet reached the tower farm located on Mt. Wilson, but it's getting uncomfortably close. Both local radio and TV stations, as well as emergency communications originate from that peak. In addition to the fantastic first responders, local medi...