DOWNSIZING – Page 33 – RAMP – Radio and Music Pros

Mark Hamlin On The Loose

• The worsening COVID-19 pandemic continues to wreak havoc upon the financial well-being of radio groups. And because of that,

• Cumulus Media is formally instituting a 3% reduction in its workforce, effective immediately. We understand that this reduction includes

• Nielsen Holdings plc today announced what is described as “a broad-based optimization plan to drive permanent cost savings and

• Pittsburgh radio fixture Scott Alexander is now a free agent, as he exits as morning personality at Forever Media’s

• Ryan Patrick is now an in-demand free agent as a round of restructuring has led to his unscheduled exit

• Public radio continues to get financially hammered by ongoing COVID-19-related issues. On the heels of major cutbacks at Chicago

• The ongoing financial stress caused by the deadly coronavius pandemic has created some deep cuts at Minnesota Public Radio

• After a remarkable 24-year run with Saga-owned Country WIXY/Champaign, IL, Steve Holstein, host of the Holstein & Company morning

• Citing a longer than expected lockdown of businesses and communities across the country due to the ongoing COVID-19 pandemic,

• RAMP has learned that after two decades in the building at Cox Media Group Miami, Gary Williams announced his