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Wall St. Journal: CC Cuts Will be Mostly in Sales

NEW YORK CITY – Just a few days after the New York Post confirmed there would be plenty of layoffs at Clear Channel on January 20, the Wall Street Journal reports similar findings.

A subscription is required to view the full article online, but the free preview says  Clear Channel plans to cut 7% of its U.S. workforce — that’s about 1,500 nationwide.  The WSJ says most of the cuts are believed to be in sales, but it also says CC aims to “replace more local shows with syndicated content.”

 

Related Links:
– January 16: NY Post: Clear Channel Plans Revamp
– Inside Music Media: At Clear Channel, Less is Finally Less
– thevillevoice.com: Anxious Times for Clear Channel Staffers
– Audio Graphics: Clear Channel Action Could Damage Radio Industry
– thevillevoice.com: Clear Channel’s Under-the-Radar News Release Plan 
– John Gorman: Clear Channel’s Firing Squad

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