CEO Explains Bloodbath

Bob Pittman is the CEO of Clear Channel, the company that laid off hundreds of employees across the country last week. He tells Radio Ink this week that the cause and intent of the layoffs has been widely misinterpreted by the media. Here's the actual reason, according to Pittman.

"What it came down to was the determination that small and medium markets were just putting out some bad radio."

That is just shocking reasoning.

It's like Major League Baseball shutting down the entire minor league system because the players aren't as good as the big leaguers. Of course they aren't as good, but if you shut them down you have no hope of getting big leaguers in the future. That's already a problem, and it's obvious to anyone that listens to the radio.

But no, they are "improving the product" (another actual quote from article) with these massive layoffs. It's a wonder they can get that kind of crap out of their mouths without choking.