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NY Post Reports on CC Layoff Plans

January 16, 2009 by CNYRadio.com

NEW YORK CITY -- An article in today's New York Post confirms Clear Channel's plans to "cut $400 million in costs."  The paper quotes "three sources with inside knowledge of the plan" who say "an initial round of layoffs is expected to commence next Tuesday." 

Click here to read the full NY Post article.

Locally, Clear Channel owns four FM stations, and and two AM stations in Syracuse.  A seventh station in the building, Nova 105.1 (WWDG) is technically owned by the Aloha Stations Trust.

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