Will Clear Channel go Bankrupt?

Often we hear complaints from Clear Channel employees about their substandard pay and benefits when comparing to unionized workers. Over and over they feel under compensated while still promoting an economic system that has impoverished them. While they do this from ignorance or from orders from the top the following will give a little insight as to what were dealing with. http://www.pbs.org/newshour/bb/business/july-dec10/makingsense_07-16.html
In July 2008, Bain Capital and THL Partners bought Clear Channel, which boasts 110 million radio listeners a week, in a highly leveraged $27 billion buyout. Now, the company is in danger of exceeding a loan requirement that its senior debt equal no more than 9.25 times its cash flow.http://www.nypost.com/p/news/business/item_jHvcVTe55P0m9sApPCGZlI
http://www.radiosurvivor.com/2009/12/27/the-decade%E2%80%99s-most-import....
Private Equity Partners buy up companies, many that are struggling, borrow huge sums of money on a bet they can turn the company around sell it and pay a 15% tax on the profit http://www.nytimes.com/2007/06/21/business/21tax.html.
In their zeal to maximize profits employee pay and benefits are cut, increased efficiencies are made to eliminate employees whether it hurts the long term viability of the company or not, they, Private Equity are in it for the short term to maximize their gain employees be damned. Promoting a system where the majority of workers suffer while the 1% are able to ruin lives for the sake of a quick profit I find abhorrent. Daily we hear the doomsters telling us were over paid while their bosses get fat off their labor. Why would anyone want a employer like that?

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A big Amen from a former impoverished CC employee.

" Over and over they feel under compensated while still promoting an economic system that has impoverished them."

So you admit that you are a commie? A socialist? A pinko? A Stalanist? A NAZI?

Which is it? I assume since you are a Union hack, you have read the Communist Manifesto. http://www.marxists.org/archive/marx/works/1848/communist-manifesto/

And, if you hate the American Capitalist system so much, why don't you get the hell out of America and move to Cuba with the rest of your kind?

Don't blame me,
I didn't vote for a
socialist.

So what if some American is a Socialist or Communist or whatever. An advanced people luck us is supposed to be able to accept that. But you can't. You think that everyone who is different from you is somehow wrong - or worse - they should leave. How Hitlerian of you.
You are a mean howler who never adds anything to the discussion. You just yell and call people names. Typical god-fearing "christian."

just call him what he is...a large-ass bag of hot gas.

How can someone be American AND s Socialist or Communist or whatever? Why do I have to accept someone elses lame-ass opinion just because they are stupid enough to lap up the "progressive" talking points the way a dog eats it's own vomit and pukes it back up again?

Also I noticed you did not chastize McScabby for calling me a "windbag" or whatever the mindless DNC Obama apoligist puppet said. That proves your "opinions" are one sided and therefore wishy-washy. Grow a backbone and get over it.

If you, Wolfie and McScabby hate the capitalist system that America has had for over 200+ years, then you all should move. Why subject yourselves to the pain and frustration of having to get a job and pay bills when Castro or the Red Chinese will take care of everything for you?

The rest of us know that if we work hard and/or smart, we are rewarded unlike in a Marxist, Socialist or NAZI economic system. I'll stay in America and you all can get the hell out and move to Utopia or Cuba or China.

And by the way, I am absolutely NOT "christian" or religious at all. I support religious freedom because I do not want some power-mad psycho like Barry Obama or Hitlery Clinton telling me I have to pray before dinner or fall to my knees and face Mecca.

Don't blame me,
I didn't vote for a
socialist.

I did not call you a 'windbag.'

I called you a 'large-ass bag of hot gas'. Please run a correction.

Another nickname to add to the list...McScabby! Nicely done!

In conclusion, I see I'm a 'zelot'...but it could be worse; I could be a zealot or a zebra...

"you're mean"

Aw....did the big meanie hurt your fellings?..

"So what if some American is a Socialist or Communist or whatever."

Becuase socialism and communism are the antithesis of FREEDOM and Individual liberty....that's why......

" An advanced people luck us is supposed to be able to accept that."

Bullshit...and I assume you meant "like"...

" But you can't."

Anyone who loves FREEDOM shouldnt accept that...

" You think that everyone who is different from you is somehow wrong - or worse - they should leave."

Commies and socialists ARE wrong...dead wrong.....your shit works great for a while...after you murder a few million people to bring it about...

Those who do not learn from history are doomed to repeat it...

http://en.wikipedia.org/wiki/Joseph_Stalin

http://en.wikipedia.org/wiki/Mao_Zedong

You probably think Chavez is a cool guy too eh?

" How Hitlerian of you."

Godwin smiles....

http://en.wikipedia.org/wiki/Godwin's_law

"You are a mean howler who never adds anything to the discussion. You just yell and call people names. Typical god-fearing "christian."

You just called the guy Hitler..and then bitch about name calling?...

A typical souless, immature, piece of meat, athiestistic, anti-religious bigot, libtard pretending to be a sentient human being...

You obviously need to file a buthurt form with Al Gore..inventor of the internet...

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

'A typical souless, immature, piece of meat, athiestistic, anti-religious bigot, libtard pretending to be a sentient human being...'

I'm sure there's someone in your life who appreciates your sensative side, Progress.

These damn meanies on here..what are ya gonna do??

What are doing McNasty...cruising for a new piece of ass??

Yikes!

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

would get on the same page with the insulting nicknames...

Meh....I dont walk lock step with anyone...

And McNasty is perfect...it even rhymes with McCaskey....

And that wasnt exactly a stern denial either...

Besides I like my own word play better...

Pinkslip= Codepinko

Purnhrt = Punhurts

Sensor G = Senstive G spot

Wolfman = dogboy

Havent come up with one for progress22 yet....I'll have to give it some thought...

*waves*

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

McScabby says he is some sort of "manager" somewhere.
McScabby says his union workers are "better trained" and continues to suck union butt.
McScabby says he only worked for a union briefly at Krogers 100 years ago and has not worked for a union since then.

McScabby is obviously a self-lothing person, one of the evil, stupid management types that unions hate, while McScabby adores the socialist leanings of the Democratic Party and the Unions,

He must be torn apart by being one of the stupid Management types who is hated by union brothers, but McScabby still works in management. If his beloved brothers in the union tell him to shove his management up his arse sideways, McScabby still has to report to work.

That makes him a SCAB. One of the most hated waste of skin on earth (according to union members. see http://www.answers.com/topic/scab).

He must absolutely hate himself like most Democrats do. This self lothing translates into his incoherent ramblings and hatred as his brain melts away trying to justify why he should not kill himself for being a low-life, ignorant management type who is hated by union members, yet does not have the spine to give up his evil management job to join the union he loves so much.

Don't blame me,
I didn't vote for a
socialist.

Moronic statement. Go out and find someone who's lived under a Socialist regime and moved to America. Ask them if they'd ever go back.

Tom Watkins WSPD news director after 7 years with the station was given the option to work for minimum wage or leave. He left.
http://glasscityjungle.blogspot.com/2006/07/tom-watkins-hired-as-communi...
Employee abuse is only one side of the story look at how its affected Toledo. This station now has little local control. It cannot be called our radio station hell the program director doesn't even live within 500 miles of the area. He gets his news from the local newspaper that he chastises daily as being to liberal. The station can hardly be called a news channel most times we never get timely local weather updates warning us of deadly tornadoes. The two purported "local" talk shows give us the monotone of an extreme right wing view that the majority in Toledo do not subscribe to, yet they persist. The station is riddled with 30 second sound bites of extreme views repeated every 15 minutes priming the propaganda pump of its limited audience. What kills me is their deluded insistence that we should all welcome pay & benefit cuts just as they have in their nearly bankrupt company. Yes we all need to do without pensions and living wages so the 1% private equity partners can run off with a short term gain at the expense of its employees. Well I'm not buying it WSPD! You can promote your dangerous ideas about the world at large but most of us out their see the world in shades of gray not black and white as you do literally... oh now were talking about race !

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

And yet he continues to listen.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Tell you what Fred, you stop reading and bitching about the Blade and I'll stop listening and bitching about you...deal?

How about you just stop listening......your radio dial broke?

ROFLMAO!!!!

"help..WSPD is holding me hostage!...making me listen to hate radio!!!!"

Too Funny!

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

If you stop listening I won't get a bonus every quarter. So by the way thanks for listening, you are paying for my vacation.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

The way Clear Channel and WSPD have been firing and demoting people, I'm glade to hear that you're still getting a bonus. I guess you can stop bitching about having to tighen your belt. Too bad Clear Channel's stock holders haven't does as well.

Besides if I stop listening, I wouldn't know which companies not to shop at. Once I hear you, Beck or Wilson of the afternoon Drone pitch for a company local or otherwise, I pretty much stop shopping there.

Fred says he gets a bonus. Is that paid in Clear Channel stock? I'm sure Fred has a 401K with the company and I'm sure they offer some form of incentive to buy CCMO. How's that working out? The company probably makes money off the 401K pension program. Many companies get some form of compensation from their employee pension funds. Also does your company have a life insurance policy on you? Many have policies that name the company as beneficiary. Sorry Fred but your company has little regard for you or your family. Its just a short term gain for the owners.
I don't listen much because of the format and the ungodly amount of commercial time. If it isn't some goofy commercial its the host promoting some product. Please tell the program director I'm not buying anymore GOLD!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Wolfie I don't think you bought any gold in the first place. And as for the company holding me and my family in any regard, I'm not worried about that. I hold myself and my family in high regard and take care of insurance, food, shelter etc. I don't rely on other people to fight for my wages, or health care, or time off etc etc. How's that union thing working out for you? Are you one of the lucky ones who didn't get replaced by a robot, or laid off for the good of the company? Those goofy commercials are most often for the local businesses you claim to support. And as far as not supporting our advertisers as the other bonehead said I would point out that that means he is hurting the following local companies and thier employees
Yark, Brondes, Sautters, Buckeye Cablesystem, Charlies Dodge, ABC Warehouse, Taylor Automotive, Giant Oak Golf Club, Cigar Affair,Ryan Pharmacy, Capers, St Lukes, Lutheran Village, Ben Franklin Plumbing, Toledo Symphony, etc etc etc., and that's just two hours.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Fred, how the “union” working for you? YOU seem to be one of the lucky ones who didn’t get replaced by some canned show out of New York or Columbus. I don’t avoid companies that advertise indirectly on your show (run a commercial), but avoid places that have you pitch for them directly like the Eye Glass Worlds, Mac Cafes and Sleep Comfort beds. I have no problem fining better quality local places to shop that don’t line your pockets.

Besides, when have you every given a rats ass about buying local. You can’t even buy a car made in the United States much less local and your boss can’t even be bothered by living in Northwest Ohio, which makes him even a bigger douche when he pitches for a local company that he’ll never even step foot in.

I'd like to hear from former CC employees. I think they could offer valuable insight as to how the CC operations have possibly mistreated their employees. We hear enough of the displeasure over the WSPD airwaves but we need further input from current or former workers. I remember the long time employee Tom Watkins and how they forced him out. And what about Bob Frantz and a host of others such as....Connie Desmond, Art Barrie, Jim Ubelhart, Jeanne Overton, Bob Seybold, Bob Martz, Don Edwards, Neal Carmean, Chuck Parmelee, Ed Hunter, Jerry Keil, Eddie Kootz, Frank Venner, Jack Mitchell, Jerry Anderson, Larry Weseman, Art Edgerton, Lou Hebert, Mike Stanley, Ron Tindall, Paul W. Smith, Jim (Ted) Bayer, Doug Bermick, Lee Conklin, Bill Stewart, Pat Brogan, Dave Macy, Lee Kirk, Sean Baligian, Scott Sloan, Mark Standriff, Ted Dalaku, Jim Donkel, Kent Slocum, Scott Sloan, Paul Stowers, Bob Frantz and Denny Schaffer.
Many of these have been replaced by syndicated programming leaving the local host without a job and the local audience with some generic hack spewing hate speech! The local area suffers from no local control of a one-sided unbalanced radio station on the public air waves. Oh yes remember Denny Schaffer, Fred? He was syndicated out of existence. You can chime in anonymously.

.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

This would have been funny if it weren't so ignorant. Many of the names you include were long gone from WSPD before Clear Channel arrived. Bob Martz and Art Edgerton, a friend of mine, died while working for Clear Channel. Paul W works for CC in Detroit, Scott Sloan for CC in CIncinnatti, Bob Frantz for CC in Cleveland. Art Barrie? Art freakin' Barrie? That is too funny Wolfie. I do remember Denny. He sent a nice sympathy card when my brother died. By the way, this isn't anonymous although I notice you always are.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Denny Schaffer, Larry Weseman, Bob Frantz and others are on facebook if you want to ask them questions.
Be nice Fred, Art Barrie was very much loved in Toledo MANY years ago. I'm old enough to remember him.
Don Edwards passed away, as well as many of these people mentioned.
Jerry Anderson is on Toledo TV news every night.
So is Lee Conklin.
I agree that BS Wilson is the most boring radio talker ever heard on Toledo radio!
I'd rather listen to chalk scratching on a board.
Bored, is the key word....

Very timely response

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Wolfman listens to all. As a long time fan of the radio medium Wolfman may tune in now and then to see if the 1370 slot is still broadcasting hopeless propaganda. One day without warning Wolfman will find white noise at the WSPD 1370 AM location. As the Private Equity owners control free speech at the "News Station" all of us out there are waiting for the demise of this failed owner and return to a more believable format. Just as the founding fathers profess freedom for all while owning slaves so be it the masters of CCMO, owners of a slave workforce. I feel your pain but please don't push it on the rest of us.

Thank God for SwampBubbles and The Toledo Free Press for allowing free expressions of all political views. One of the most powerful writers at TFP is Don Burnard who with a single article lays mute the whole right wing leaning paper. His latest The Hot Corner: Crocodile tears, says it all and is required reading. http://www.toledofreepress.com/2010/07/16/the-hot-corner-crocodile-tears/

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Ah dogboy is back!

I love it when you talk about yourself in the third person....like Bob Dole...

Don Burnard is a typical union HACK...a footsoldier of the liberal army...

Half the stuff he writes from his desk at the HALL where he's supposed to be doing union business....

I see you are a major asskisser though...

http://swampbubbles.com/blogs/wolfman/20091220/don-burnard-toledo-free-p...

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

I get the Detroit News and I don't listen to radio.

That must be why you think Columbus was a white guy who sailed here on British ships...

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

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