TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Post Stern Reality: CBS Radio Cuts 115 As Moonves Calls Biz Company’s ‘Toughest Story’

howard_stern_cbs_job_cuts.jpgResponding to a soft ad market, CBS is cutting 115 from its radio staff across all levels.

Via Mediaweek:

Like all radio companies, CBS has faced a challenging if not stubbornly sluggish advertising market that is expected to continue through most of the year. In first quarter, CBS Radio revenue, due in part to Howard Stern‘s exit from 27 of the group’s 179 stations fell 6 percent and operating income plummeted 13 percent; factoring out Stern, the other 152 stations were down by 1.5 percent. During its quarterly conference call, Les Moonves, president and CEO for CBS called radio the company’s “toughest story.”

CBS Radio Axes 115 Staffers [Mediaweek]

Mediabistro Course

Personal Essay Writing: Master Class

Personal Essay Writing: Master ClassStarting October 21, work with the senior editor at Marie Claire magazine to polish and publish your essay! Whitney Joiner will help you to develop your voice, narrative, and identity, draft your pitch, and decide where to market your essay. Register now!