Limbaugh’s living large while radio boss Clear Channel implodes
OPS_admin | May 08, 2009 | Comments 0
Limbaugh’s $400 Million Contract Is an Even Match for Clear Channel’s Layoffs
Limbaugh’s living large while radio boss Clear Channel implodes
Even for a pancaked industry like radio broadcasting, which has become somewhat numb to years’ worth of mass layoffs triggered by hyper, corporate consolidation, and more recently by an over-the-cliff advertising recession, last week’s HR wave of mutilation unleashed by industry giant Clear Channel Communications must have felt like a pile-on.
Drowning under massive debt and desperate to cut more costs, Clear Channel took an ax to its payroll — again — and hacked hundreds of radio pros out the door. Program directors, morning show hosts, production pros, news anchors — all of them tossed over the side. A “bloodbath,” one newspaper called it. (In Albany, New York, the entire on-air staff at a Clear Channel music station was sacked; same with a radio outpost in Exeter, New Hampshire)
The most recent blizzard of pink slips (one industry report pegged it at “nearly 1,000″) came in the wake of a January purge, in which 1,850 Clear Channel employees were let go. So already this year the company has shed nearly 3,000 employees, or 12 percent of its workforce. Also, last week, Clear Channel’s parent company announced it was suspending its matching contributions to employee 401(k) retirement programs.
via Limbaugh’s living large while radio boss Clear Channel implodes | Media Matters for America.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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