Audacy's Missing Middle Management
Audacy is leading the radio industry in the elimination of middle management as an answer to continued large earnings declines and threats of not being able to service debt.
We dive into whether this reduction in market managers is just getting underway or heating up.
And what would trigger the next round of so-called “operational improvements” to avoid covenant breaches.
It’s best to have no surprises and look ahead to whether this is the new, permanent operating architecture. And as bad as this is for high profile managers, one job is a must have at every station now, no matter what.
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