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More 25-66 Layoffs
More 25-66 Layoffs
The next round of layoffs is hitting at 25-66. Despite Sinclair saying it’s local TV stations have been raking in cash, the horrible timing of its acquisition of the FOX regional sports networks has been a drain on the company. And even though we’ve been through rounds of layoffs, pay freezes, hiring freezes in the past two years, it’s never enough for the corporate Death Star. We already struggle to keep up with 5 & 12, now even less people will make it even more difficult to compete.
Re: More 25-66 Layoffs
Who’s getting cut or not having their contract renewed?
Re: More 25-66 Layoffs
More from Chris the Ripper...
https://www.cnn.com/2021/03/03/media/si ... index.html
https://www.hollywoodreporter.com/news/ ... mic-impact
https://deadline.com/2021/03/sinclair-b ... 234706204/
https://variety.com/2021/tv/news/sincla ... 234921376/
https://www.baltimoresun.com/coronaviru ... story.html
Sad that good coworkers lose their jobs while the idiots who make the rules and decide on lame rebranding like “Mid-Michigan NOW!” keep their jobs and get promotions.
Record political advertising... partnership with Bally’s for sports gambling... expansion of digital properties... but we are supposed to believe that the company is losing money? No one believes management. I hope the new Sinclair GM, the ASSistant GM/Promotions Director, the HR Director/Party Planner and the Director of Declining Sales have more than a few sleepless nights for the decisions that have impacted some very good people.
https://www.cnn.com/2021/03/03/media/si ... index.html
https://www.hollywoodreporter.com/news/ ... mic-impact
https://deadline.com/2021/03/sinclair-b ... 234706204/
https://variety.com/2021/tv/news/sincla ... 234921376/
https://www.baltimoresun.com/coronaviru ... story.html
Sad that good coworkers lose their jobs while the idiots who make the rules and decide on lame rebranding like “Mid-Michigan NOW!” keep their jobs and get promotions.
Record political advertising... partnership with Bally’s for sports gambling... expansion of digital properties... but we are supposed to believe that the company is losing money? No one believes management. I hope the new Sinclair GM, the ASSistant GM/Promotions Director, the HR Director/Party Planner and the Director of Declining Sales have more than a few sleepless nights for the decisions that have impacted some very good people.
Re: More 25-66 Layoffs
At a time when Sinclair is making massive “workforce reductions”, our CEO Chris the Ripper is seeing his compensation package go up by a factor of five;
https://www.ftvlive.com/sqsp-test/2021/ ... -employees
This is the guy who is literally running the company into the ground. He says the decision to lay off five percent of the workforce is one of the hardest decisions he’s had to make. But apparently it’s not hard enough for him to cut back his $9.9 million pay, the pay of corporate leaders, the pay of GMs... so they’ll lay off people who literally had nothing to do with the corporate-level merger and acquisitions that got us into this financial predicament.
https://www.ftvlive.com/sqsp-test/2021/ ... -employees
This is the guy who is literally running the company into the ground. He says the decision to lay off five percent of the workforce is one of the hardest decisions he’s had to make. But apparently it’s not hard enough for him to cut back his $9.9 million pay, the pay of corporate leaders, the pay of GMs... so they’ll lay off people who literally had nothing to do with the corporate-level merger and acquisitions that got us into this financial predicament.
Re: More 25-66 Layoffs
Rachelle Spence and several behind the scenes people got the axe on Pierson Road.
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- Posts: 220
- Joined: Sun Jan 02, 2005 9:46 pm
Re: More 25-66 Layoffs
Covid is a convenient excuse for poor management
Re: More 25-66 Layoffs
Sad that some at 25-66 will be layoffs at the station. Going to write a letter to Chris Ripley Sinklair wanting to form a union for the workers of Sinclair TV stations across the country and you can be the head of the union since you want to form a union at 25-66.
Go Pistons, Let's Go Redwings.
Re: More 25-66 Layoffs
Sinklair are you still working there?
Re: More 25-66 Layoffs
Master: here’s the address...
Chris Ripley
President and Chief Executive Officer
Sinclair Broadcast Group
10706 Beaver Dam Road
Cockeysville, MD 21030
Realist: yes, still at 25-66. Not sure that’s a good thing tho. Lots of very unhappy people on Pierson Road.
Chris Ripley
President and Chief Executive Officer
Sinclair Broadcast Group
10706 Beaver Dam Road
Cockeysville, MD 21030
Realist: yes, still at 25-66. Not sure that’s a good thing tho. Lots of very unhappy people on Pierson Road.
Re: More 25-66 Layoffs
FTV Live reported that many Sinclair stations are slashing sports departments. I guess they haven’t been watching 25-66... where Jonathan Deutsch has been a one-man sports “team” ever since former sports director Jeanna Trotman exited.
https://www.ftvlive.com/sqsp-test/2021/ ... s-for-cuts
It’s laughable that Sinclair buys up all the Fox Sports Nets then cuts local TV sports departments. Many of the stations that saw cuts in sports are overseen by regional “news” manager and walking corpse Lame Michaelsen who likes to brag about running tv stations into the ground in Atlanta, Washington DC and elsewhere.
But sure, let’s brag about 25-66’s live sports coverage of Cornhole championships and the Flint City Bucks soccer team.
https://nbc25news.com/sports/local-spor ... an-in-2021
It’s Lame, Jenny and Nelly with the race to the bottom...
https://www.ftvlive.com/sqsp-test/2021/ ... s-for-cuts
It’s laughable that Sinclair buys up all the Fox Sports Nets then cuts local TV sports departments. Many of the stations that saw cuts in sports are overseen by regional “news” manager and walking corpse Lame Michaelsen who likes to brag about running tv stations into the ground in Atlanta, Washington DC and elsewhere.
But sure, let’s brag about 25-66’s live sports coverage of Cornhole championships and the Flint City Bucks soccer team.
https://nbc25news.com/sports/local-spor ... an-in-2021
It’s Lame, Jenny and Nelly with the race to the bottom...
Re: More 25-66 Layoffs
I agree that the RSN purchase is laughable, and it's sad that in order to help make up for some of the foolishness of that purchase they had to auction off rights to naming the networks. Maybe they got the money up front for selling the name, but in the long run "Balley" is going to be a very unpopular name with viewers. I predict that many teams will be shopping for new outlets once their current deals run out.sinklair wrote: ↑Fri Mar 05, 2021 8:17 amFTV Live reported that many Sinclair stations are slashing sports departments. I guess they haven’t been watching 25-66... where Jonathan Deutsch has been a one-man sports “team” ever since former sports director Jeanna Trotman exited.
https://www.ftvlive.com/sqsp-test/2021/ ... s-for-cuts
It’s laughable that Sinclair buys up all the Fox Sports Nets then cuts local TV sports departments. Many of the stations that saw cuts in sports are overseen by regional “news” manager and walking corpse Lame Michaelsen who likes to brag about running tv stations into the ground in Atlanta, Washington DC and elsewhere.
But sure, let’s brag about 25-66’s live sports coverage of Cornhole championships and the Flint City Bucks soccer team.
https://nbc25news.com/sports/local-spor ... an-in-2021
It’s Lame, Jenny and Nelly with the race to the bottom...
- MWmetalhead
- Site Admin
- Posts: 12294
- Joined: Sun Oct 31, 2004 11:23 am
Re: More 25-66 Layoffs
They overpaid for the RSNs...no question about it.Record political advertising... partnership with Bally’s for sports gambling... expansion of digital properties... but we are supposed to believe that the company is losing money? No one believes management.
Regarding financial performance, you don't need to "believe" anything. You do realize their quarterly and annual financial statements are a matter of public record, correct? Anyone with a web browser can pull up their 10-Q and 10-K filings instantly. (Sinclair Broadcast Group is a publicly traded company.)
Local TV stations - or more precisely, their owners - seem to believe local sports coverage is of diminished importance to viewers. WXYZ and WDIV in Detroit each only have two anchors/reporters in their sports department, and in the case of WDIV, the #2 person doubles as a news reporter a few days a week.
Morgan Wallen is a piece of garbage.
Re: More 25-66 Layoffs
Mark: yes you can (and should) read the SEC filings. Found here:
https://sbgi.ir.edgar-online.com/fetchF ... K_20210301
Lots of great information about the incompetence of corporate mis-management.
https://www.businesswire.com/news/home/ ... al-Results
To say that it’s local TV operations are losing money is false. In the fourth quarter, we had operating revenues of $625-million dollars. The losses are coming from its local sports division (RSNs). The company is hurting one side to pay for the other.
Plus the controlling interest (81%) of the Smith family means they use the company as its personal slush fund... leasing charter jet planes, paying for advertising for its automotive dealerships, million-dollar pay raises for relatives placed in company officer roles, etc.
As you said, it’s all in there.
So forgive me when I say (as do my colleagues) when we don’t believe the company’s lies. As stock holders, during shareholder calls, we hear from Chris the Ripper how well the core business is performing even during a pandemic... only to see the company continue to purchase underperforming segments like the Fox RSNs.
This isn’t about profitability. We as a company are profitable. This is about profit margins. And the company is laying off good employees so it can artificially jack up its profit margins for the 81% (Smith family). Let’s be clear: David Smith doesn’t give a rat’s a** about Rachelle, Jess, Craig, etc. He doesn’t care about you or me. He only cares about increasing those profit margins at the expense of those of us who put in the long hours to build the platforms the Smith family clearly benefits from.
https://sbgi.ir.edgar-online.com/fetchF ... K_20210301
Lots of great information about the incompetence of corporate mis-management.
https://www.businesswire.com/news/home/ ... al-Results
To say that it’s local TV operations are losing money is false. In the fourth quarter, we had operating revenues of $625-million dollars. The losses are coming from its local sports division (RSNs). The company is hurting one side to pay for the other.
Plus the controlling interest (81%) of the Smith family means they use the company as its personal slush fund... leasing charter jet planes, paying for advertising for its automotive dealerships, million-dollar pay raises for relatives placed in company officer roles, etc.
As you said, it’s all in there.
So forgive me when I say (as do my colleagues) when we don’t believe the company’s lies. As stock holders, during shareholder calls, we hear from Chris the Ripper how well the core business is performing even during a pandemic... only to see the company continue to purchase underperforming segments like the Fox RSNs.
This isn’t about profitability. We as a company are profitable. This is about profit margins. And the company is laying off good employees so it can artificially jack up its profit margins for the 81% (Smith family). Let’s be clear: David Smith doesn’t give a rat’s a** about Rachelle, Jess, Craig, etc. He doesn’t care about you or me. He only cares about increasing those profit margins at the expense of those of us who put in the long hours to build the platforms the Smith family clearly benefits from.
- MWmetalhead
- Site Admin
- Posts: 12294
- Joined: Sun Oct 31, 2004 11:23 am
Re: More 25-66 Layoffs
I agree completely, sinklair, that they are robbing peter (i.e. the local TV stations) to pay paul (the RSNs).
Morgan Wallen is a piece of garbage.