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Article: Static Gets Louder for CBS Radio; Firing of Imus Compounds Loss of Howard Stern
- Article from:
- The Washington Post
- Article date:
- April 13, 2007
- Author:
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CBS Radio's firing of disgraced host Don Imus yesterday is the
latest blow for a company stung by multimillion-dollar indecency
fines, poor financial performance and the loss of top-tier talent in
recent years.
In an industry in which advertising growth is stagnant at best
and listenership is down, CBS Radio has underperformed the market
and has so far been resistant to corporate-turnaround attempts.
Now it must absorb the loss of a second marquee name in a little
more than a year, following the defection of longtime top-earner
Howard Stern to Sirius Satellite Radio in 2006. The company has been
unable to find a suitable morning-drive replacement for the father
of all shock jocks but may ...