CBS Radio makes cuts
EmptyNEW YORK -- CBS Radio Thursday became the latest radio group to trim its workforce. Less than 5% of positions have been reorganized or eliminated. Not all of the groups' markets were affected.
Like Clear Channel and Emmis Communications, CBS Radio is tightening its belt amid a soft radio ad market.
"With these actions, we continue to build on our strategy of deploying our assets to best grow our ratings and monetize results," the company said in a statement.
Many of the changes began last year when Dan Mason took over as president and CEO of the group, such as cutting back on the company's regional management structure and replacing it with market managers and director of sales positions in markets. Many of the positions eliminated Thursday aimed at reducing layers of management. In Chicago, for example, Michael Damsky, vp and general manager of WXRT-FM is out. In Charlotte, N.C., three general sales manager positions were cut.
"This change in operating structure has improved the way we do business by simplifying buying and selling transactions, speeding up the decision-making process and importantly, allowing us to more effectively monetize the aggregate number of listeners who hear us on the radio and the Internet," CBS Radio said.