A report on Tuesday from Jerry Del Colliano stated that Audacy CEO David Field was moving the company towards bankruptcy. That didn’t sit well with Field or Audacy officials who have rejected the report and announced plans to explore legal remedies against the radio industry reporter and his website.
Del Colliano suggested that Field’s inability to play well with others led to the CBS Radio merger being botched, multiple rounds of layoffs taking place in recent years, and the company enduring low stock prices, which has created concern about the company being delisted in the future.
The report went on to suggest that Field has been checking off all the boxes of his biggest competitors, Cumulus and iHeartMedia, who also went bankrupt. Del Colliano added that a responsible board would have replaced management, but now the company is riding towards Chapter 11.
What really caused confusion though was the headline used in Del Colliano’s report, “David Field Confirms Audacy’s Bankruptcy.” Others on social media began sharing and promoting the news as fact including a Boston radio host named Henry Santoro of WGBH Radio. Santoro’s tweet caught the attention of both Barstool Sports founder Dave Portnoy and Barstool host and former WEEI personality Kirk Minihane, who each offered an opinion on the news. The tweet stayed up most of the day, being seen and shared often before it was removed on Tuesday night.
Audacy released a statement on Twitter strongly pushing back against these claims. The company said, “A blog post published today falsely claimed that Audacy’s CEO confirmed Audacy’s bankruptcy. That statement is categorically untrue. Audacy intends to vigorously pursue all available remedies for false statements meant to cause damage to Audacy and its stakeholders.”
Furthermore, in an internal memo to staff, Field also refuted the reporting done by Del Colliano, calling the information “unequivocally untrue.”
“I am reaching out to address some fake news from an industry troll about Audacy that is currently circulating,” Field said in a memo obtained by Barrett News Media. “An industry blog post published today falsely claimed that “David Field confirms Audacy’s bankruptcy.”
“That statement is categorically and unequivocally untrue. Audacy intends to pursue all applicable remedies for false and defamatory statements meant to cause damage to Audacy, its employees and its stakeholders to the fullest extent of the law.”
Field ended the memo by reinforcing his excitement and confidence in the conpany’s future and said he is focused on capitalizing effectively on the acquisitions, investments and enhancements that have been made to set up the company for a bright future. He concluded by telling employees that Audacy is in a strong position to serve customers and audiences with greater revenue and earnings potential under normalized market conditions.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at firstname.lastname@example.org.
WWJ’s Jim Matthews Reportedly Murdered By House Guest
Authorities are reportedly investigating the case as a “domestic situation” involving a murder and attempted suicide.
WWJ 950 news anchor Jim Matthews was reportedly murdered Friday afternoon. According to TMZ, Matthews’ girlfriend and his two children were also injured in the attack.
Authorities are reportedly investigating the case as a “domestic situation” involving a murder and attempted suicide. Police said they had to force their way into the home where they found Matthews’ 10-year-old son tied up and beaten inside of a closet.
While details are still emerging, authorities said Matthews invited a man who lives nearby, into his condominium. Matthews lived in Chesterfield Township, about 34 miles outside of Detroit.
The alleged attacker was discovered in the basement overdosing on heroin and suffering from a self-inflicted gunshot wound. Police said they administered Narcan to reverse the effects of the overdose. Police are still investigating the relationship between Matthews and his attacker.
Matthews’ girlfriend reportedly escaped from their home along with his five-year-old daughter. She was able to flag down a neighbor who called the police. The girlfriend was reportedly suffering from stab wounds, the child was injured as well.
TMZ said both the girlfriend and his son are in critical condition while his daughter is listed as stable.
“Our investigation has determined this is an isolated tragedy that does not present a danger to our community at this time,” Chesterfield Township Police Chief Brian Bassett said.
WWJ issued a statement expressing extreme shock and sorrow.
“There have been many tears shed in our newsroom today and Jim will be greatly missed. Our thoughts and prayers go out to Jim’s family and friends during this difficult time.”
Ryan Hedrick serves as the Assistant Program Director and Co-Host of the Morning News Express at WFMD. Prior to WFMD, he hosted an afternoon program at News Talk 103.7 FM in Chambersburg, PA. He has worked at Sirius XM in Washington D.C., WBEN in Buffalo, NY, and for stations in Baltimore, MD. He has also worked at WIBW-AM in Topeka KS, earning the Kansas Association of Broadcasters (KAB) award for Major Market enterprise reporting in 2016. To connect with Ryan, find him on Twitter @SureToCover.
Jay Weber: Media ‘Covering’ For Biden, Democrats On Border Crisis
“Biden and the Democrats are allowing it to happen. Allowing it! And the news media covers for them.”
Many conservative commentators have maligned the interview President Joe Biden conducted with Scott Pelley of 60 Minutes last Sunday, and have claimed he got a “pass” on the nation’s southern border. 1130 WISN host Jay Weber can be added to that list.
“Trust me, if a Republican was president, dozens of terrorists roaming America because of the president — intentionally — reopened the borders, it would be a huge deal and a relentless obsession by the news media,” Weber said. “Biden and the Democrats are allowing it to happen. Allowing it! And the news media covers for them.”
Weber pointed out a perceived hypocrisy in liberal circles, as many have claimed Governor Ron DeSantis (R-FL) is guilty of kidnapping after sending illegal immigrants to Martha’s Vineyard, MA, but are ok allowing the southern border to remain open.
He continued by pointing out the southern border’s role in national security, saying it took only 13 people to attack America on 9/11.
Dan Mandis: There’s A Reason Greg Gutfeld Is Winning Late-Night Competition
“There are consequences for doing that. It is now well known that Greg Gutfeld, over there on Fox News, is beating the snot out of Stephen Colbert.”
After playing a recent clip from The Late Show with Stephen Colbert, Mandis said it was the chief reason why network shows are losing to Gutfeld. In the clip, Colbert’s audience cheers when the host brings up a Texas sheriff opening an investigation into the actions of Governor Ron DeSantis (R-FL) for shipping illegal immigrants to Martha’s Vineyard, MA. Colbert called DeSantis “a body builder who skips head day” in his monologue, and Mandis found the comments offensive. He claimed shows on ABC, NBC, CBS, and FOX should be a place for all viewers, not just members of the “progressive left”.
“To me, Colbert’s show should be on CNN or MSNBC to cater to the left,” Mandis said. “But again, he’s on the network where he should be welcoming for all. There are consequences for doing that. It is now well known that Greg Gutfeld, over there on Fox News, is beating the snot out of Stephen Colbert. I know what you’re thinking. ‘Isn’t Gutfeld blowing off half of America?’ Perhaps, but he’s on Fox News, where people know what they’re going to get.”
Mandis then pointed out the difference in Gutfeld’s approach compared to Colbert’s, saying Gutfeld’s panel approach is easier to digest than Colbert’s solo monologue followed by celebrity interviews.