Layoffs at Cumulus Detroit; Dave Fuller is gone

[MWmetalhead]

Noteworthy shakeup at WDVD.

WDVD has already been a boring listen (IMO) for years.

I've long respected Dave Fuller's abilities as an on-air host, though.

I have no idea who will be manning afternoons there moving forward.

https://radioinsight.com/headlines/3689 ... lus-media/

[Casey]

What next is WDVD going up for sale? or is it going to simulcast WJR?

[MWmetalhead]

Status quo with cheaper budget.

Cumulus has been granted an extension to file its chapter 11 plan of reorganization. I suspect they are trying to appease an activist investor who recently bought a crap load of Cumulus debt (at a big haircut obviously).

[stopnswop2]

That was a really dumb decision, but I guess he was too expensive

[MegaHertz]

Just sell it. My God.

[Casey]

Just sell it. My God.

God just might be in the market for another radio station.

[edj]

Probably someone out of market.

[BKRPDM]

Is ‘Lisa Lisa’ Orlando still on the weekends? They should VT her in the afternoon slot. I’d much rather listen to her than an out of market jock.

[stopnswop2]

Is ‘Lisa Lisa’ Orlando still on the weekends? They should VT her in the afternoon slot. I’d much rather listen to her than an out of market jock.

Why VT?
We need her live.
Or does she no longer live in the area?

[TC Talks]

Just sell it. My God.

Say you own a 50 million dollar car. On the books it's 50 million, one of hundreds ney, thousands of cars you own.

This week you need to raise some cash for that sexual harassment misunderstanding. You want to sell the car, but you can only get 10 million. This immediately devalues the rest of the collection, because it creates a baseline value of 20% of what you thought it was worth.

Now your investors wouldn't be happy with the 20% valuation of your cars, because it impacts their basis. Essentially your investment dropped significantly.

The same think applies to radio groups and selling assets. I wouldn't expect them selling anything soon.

[MegaHertz]

Just sell it. My God.

Say you own a 50 million dollar car. On the books it's 50 million, one of hundreds ney, thousands of cars you own.

This week you need to raise some cash for that sexual harassment misunderstanding. You want to sell the car, but you can only get 10 million. This immediately devalues the rest of the collection, because it creates a baseline value of 20% of what you thought it was worth.

Now your investors wouldn't be happy with the 20% valuation of your cars, because it impacts their basis. Essentially your investment dropped significantly.

The same think applies to radio groups and selling assets. I wouldn't expect them selling anything soon.

No, man. HER sister came on to ME.

[MWmetalhead]

Looks like Renee Vitale is Dave Fuller's replacement.

[edj]

Looks like Renee Vitale is Dave Fuller's replacement.

Makes sense. She’s essentially just a traffic reporter at WJR, and recorded news reader for the Ann Arbor cluster. That role can be filled by Total Traffic.