Clear Channel Cuts 1,850 Jobs, 9% Of Work Force

By: Associated Press
By: Associated Press

Clear Channel Communications Inc. is laying off 1,850 employees as the nation's largest owner of radio stations grapples with the economic meltdown.

The cuts represent about 9 percent of the company's total work force and affect staff throughout the company, in radio, outdoor advertising and corporate offices.

In a company-wide email sent on Tuesday, Chief Executive Mark Mays told employees that the company is facing an "unprecedented time of distress."


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 37927024 - kktv.com/a?a=37927024
Gray Television, Inc.