Home Music Industry News NEWSFLASH: Is Radio One Nearly Bankrupt? Asks Staff to take Pay Cuts

NEWSFLASH: Is Radio One Nearly Bankrupt? Asks Staff to take Pay Cuts

Black owned corporation said to be in deep financial stress… I’m staff members are crossing their fingers and hoping management at Radio falls on the floor laughing and yelling “ Fools” but I don’t think that’s the case… has been extremely and surprisingly quiet for the quarter of the year amidst all the layoffs and several other radio corporation changes, then this bombshell drops . RFFocus has just learned that is asking staff members nationwide to take pay cuts. It’s rumored the company is near or is about to declare . More details as they come. Could there be any truth to the rumor that the corporation is trying to quickly sell? What does this for Urban radio or the position still open in Atlanta?

1 COMMENT

  1. I can tell you that I was laid off at a firm which provided radio survey information for Radio One. The lay off came after 5 months of a 10 percent pay cut for me. I was told on my “exit interview” that Radio One was indeed near bankrupcy and had to drop their services with us. This 40 percent loss in our business costed me my only job:(

Comments are closed.