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Business News Media
Clear Channel cut jobs
By CMU Editorial | Published on Wednesday 21 January 2009
US radio giant Clear Channel has told its staff it will cut 1850 jobs across its network of radio stations and advertising companies – about 9% of its workforce – in a bid to deal with the recession.
In a memo, CEO Mark Mays said “everyone in our investor group, on the board, and in the executive leadership team remains bullish about the long-term growth prospects for Clear Channel”, but added that this was: “an unprecedented time of distress”.
