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.
After years of dithering and months of debate, Cincinnati City Council narrowly approved a plan Wednesday to make changes to the cash-strapped pension plan for municipal workers. But a local GOP leader is confused about who voted for what.
Although it was overshadowed by the recent national Tea Party convention in Nashville, another conservative group recently held a rally that featured several Greater Cincinnati notables in attendance.
Americans for Prosperity’s Ohio chapter held an “Already Taxed to the Max” rally Jan. 30 at Capitol Square in Columbus. Among those attending the event were former Hamilton County Commissioner Phil Heimlich; his wife, Rebecca; former Congressman Rob Portman from Terrace Park, who’s running for the U.S. Senate; and members of the Coalition Opposed to Additional Spending and Taxes.
More than 200 people attended Imago’s Earth Spirit Rising conference at Xavier University this weekend, where they were challenged to rethink their actions and their effect on the planet.
Speaker Paula Gonzalez, a Dominican nun and futurist, cast the challenges ahead in stark terms: “We must realize the scale of our times, which is on the scale of transitions like going from hunter-gathering to agriculture, or industrialization. You must take the messages of this conference home in your heart, in your soul, in your gut, and get off your butt and act.”
The wife of an Israeli diplomat in India and her driver were injured Monday when the car they were traveling in was bombed, while another bomb was defused outside an Israeli embassy in Tblisi, Georgia. Israeli Prime Minister Benjamin Netanyahu blamed Iran, which he called “the greatest exporter of terror in the world.”
At least three members of Congress are set to attend the 13th annual Northeast Hamilton County Republican Pancake Breakfast next week.
U.S. Sen. Rob Portman (R-Terrace Park), a budget director under President George W. Bush, is the keynote speaker at the event. Also scheduled to attend are U.S. Reps. Steve Chabot (R-Westwood) and Jean Schmidt (R-Miami Township), along with nearly 400 local Republicans from all levels of government.
Today is the winter solstice, the day of the year with the longest amount of darkness. That means it's also Homeless Memorial Day.
Since 1990, the National Coalition for the Homeless has held memorial services for individuals who have died from causes related to their lack of housing on this day.
To help kickoff the long Fourth of July holiday weekend, a local anti-poverty group will hold a vigil to commemorate human rights.
The Contact Center will hold the vigil beginning at 11:45 a.m. July 1 in front of downtown's Federal Building, located at 550 Main St. The site is next to the Government Square bus depot and one block east of Fountain Square.
The Freestore Foodbank today began its annual distribution of Thanksgiving meals to needy families. The delivery of meals will continue through Wednesday afternoon.
Workers at the Freestore will deliver boxes to about 23,000 families throughout the Tristate region.