KXNO/iHeart Layoffs
- Thread starter cyowan
- Start date
I bet they keep doing this till AD gets his job back
Or they lose theirs, which is -550 at William Hill right now.
I don’t think people realize how hard to enforce non competes are. Generally they are successful more as a deterrent than actually enforceable.
Be that as it may, it takes a lawsuit to void the clause -- or you risk a lawsuit if you break the clause.
Almost no one enforces the clause from what I understand. More of a formality as a deterrent as was alluded.
I have a friend at Schlumberger whose group went from 65 or so to 4 when oil prices got real low. She was promoted to managing the other three, but it sounded brutal.
Although I don’t feel too sorry for oil and gas people because I think there’s a volatility vs. salary trade off there.
Iheart wouldn't spend money on legal fees to stop someone who they just fired in a small market from taking another job. Too much risk, and a money loser.
They absolutely would. The first time they don't, they set a precedent.
I worked for companies where I had to sign non competes. Thankfully I left each on my own accord so they didn't come into play. Guy I knew was let go and was going to work for a competing business. The guy took his old employer to court and won after they went after him on the no compete contract. Guy got compensated for a year's salary, but couldn't work for his new employer for year. They just hired him as a "contract" worker for that year.
I'll believe it when I see it. Rumors are there were over 1000 layoffs yesterday. Even if a fraction of those folks got new jobs, thats a LOT of legal cases.
That's one. And I can speak from experience that Cumulus' contracts were full of ambiguity. I was able leave them in 2013 because of that ambiguity.
Point is, it's not black and white. I have dozens of radio friends/colleagues that have had to sit out their no-competes. Others have had them waived.
Thanks Jared. Just an FYI I tried to stream your podcast with Nick Graham thru Google Podcasts a couple days ago. Kept getting an error before it would start. Not sure how or if that's something you could fix, but thought I'd give you a heads up. I will try downloading it too and see if it will play after that point, just haven't gotten around to trying that yet.
It is pretty much that way now. Music stations simulcast and/or have what's called voice tracking where the announcer records all the talk segments in advance. No interaction with the audience. Live, local talk radio is an expensive format. Airing network talk radio is basically free if the station agrees to air all the national ads. Music radio in the digital age is a computer in a room.
It seems to me that a podcast will not make anyone much money, but I may not understand that business model that well. I am stunned that some people make a living being a social media influencer.
If podcasts are advertiser sponsored, don't most people not even listen to the attached commercials?
If podcasts are advertiser sponsored, don't most people not even listen to the attached commercials?
Hosts do live reads in many cases.
Agree, not like Murph and Andy are that powerful to make that kind of demand to a corporation. iHeart probably wouldn't blink and eye if they left.
