It’s a tumultuous time in Greater Cincinnati’s media scene. In addition to The Enquirer’s ongoing staff shakeups, troubles abound at Clear Channel Communications and at the firm that owns Cincinnati Magazine.
This all occurs just a month after the recent sale of CityBeat to Nashville-based SouthComm, Inc.
Clear Channel, which owns the most radio stations in the local market, laid off several employees last week.
Among the people who were let go were Tony Bender, the program director for WKRC (550 AM) and WCKY (1530 AM); Sherry Rowland, promotions director for WLW (700 AM); Mark Bianchi, digital sales manager; and traffic reporter Brian Pitts. The staffers reportedly were laid off due to budget cuts.
Based in San Antonio, Texas, Clear Channel owns 850 radio stations across the United States, making it the nation’s largest radio station group owner both by stations and revenue. Locally, the media giant owns the previously mentioned WKRC, WCKY and WLW, along with WEBN (102.7 FM), WKFS (107.1 FM) and WSAI (1360 AM).
If you're in the media and need a job, you might want to consider applying to become The Enquirer's new sports editor. The last editor, Barry Forbis, recently quit to work for Fox Sports in Los Angeles. Here are the requirements for the job.
Meanwhile, Emmis Communications Corp. — which owns Cincinnati Magazine — is struggling to keep its stock listed on the NASDAQ exchange while the firm’s owner is being roundly criticized for asking an Indiana court to approve a plan to vote so-called “dead shares” of the company.
Indianapolis-based Emmis is seeking to vote the shares of preferred stock that the company had bought from shareholders at a sizeable discount. Typically, such shares are considered “extinguished” and no longer viable under tax and accounting rules. But Emmis executives said the shares weren’t actually bought, they merely were part of a “total return swap.”
If a judge agrees, Emmis will be able to vote those shares and convert its remaining preferred stock into common stock, so it doesn’t have to ante up the cash for unpaid dividends.
To deal with its financial problems, Emmis has borrowed a total of $31.9 million from controversial businessman Sam Zell, chairman of Equity Group Investments, to help keep the firm afloat.
Besides Cincinnati Magazine, Emmis owns similar publications in Atlanta, Indianapolis, Los Angeles, Austin, Texas and elsewhere. Also, it owns radio stations in New York, Los Angeles, St. Louis and Terre Haute, Ind., as well as in Bulgaria and Slovakia.
A rally will be held at Fountain Square today to commemorate the shooting death of Florida teenager Trayvon Martin and to demand a thorough investigation of the incident.
The event begins at 5 p.m. and attendees are asked to bring signs that aren’t posted on sticks, to comply with a local law, and also to wear hooded jackets. Martin, 17, was wearing a “hoodie” when George Zimmerman allegedly killed him Feb. 26 in Sanford, Fla.
Rallies have been held across the nation during the past week to protest the handling of Martin’s case. Many of the participants have worn hoodies in a show of solidarity with the slain teenager, often carrying signs that state, “I am Trayvon Martin.”
Cincinnati Mayor Mark Mallory posted a similar photograph on his Facebook page over the weekend. It’s unclear if Mallory plans to attend today’s rally.
Among the groups organizing the rally are Occupy The Hood and the Intercommunity Justice and Peace Center.
Zimmerman, 28, who says he belongs to a neighborhood watch program in his gated community, began following Martin at about 7 p.m. for what he described in a 911 call as “suspicious behavior.” Martin was walking back to his father’s condominium after buying iced tea for himself and Skittles for his soon-to-be stepbrother.
"This guy looks like he's up to no good, on drugs or something," Zimmerman told a 911 dispatcher.
Some sort of encounter occurred that resulted in Martin’s death. Sanford Police didn’t arrest Zimmerman, saying that it appeared he acted in self-defense.
Sanford Police accepted Zimmerman’s version of events at face value. “Until we can establish probable cause to dispute that, we don't have the grounds to arrest him,” Sanford Police Chief Billy Lee told ABC News earlier this month.
After the incident became publicized through Facebook, Twitter and other social media, public outcry grew. More than 2 million people have signed an online petition demanding justice, and the FBI and the U.S. Justice Department have launched investigations.