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It happens every day at children’s hospitals across the country where you have children that have life threatening illnesses, who are alone in bed with no one to comfort them. It calls for CEO David Field, Entercom founder and chairman Joseph Field and his wife Marie Field to convert a combined 3,152,333 shares of Entercom Class B Common Stock to Entercom Class A Common Stock at the merger closing. Welcome to Media’s New Deal.Now before we get started, we have to thank the sponsors who make this possible.
Rather than attempt lawfully to articulate that, let me direct you or anybody so interested to go… There’s a story that was just printed in New York Magazine’s… I think it’s vulture.com is their digital arm and I believe it’ll be in the New York Magazine this coming issue.
I cannot wait to be on a crowded arena floor watching live music or on a crowded theater or restaurant, et cetera.
Everybody is doing well. He’s a three time recipient of Institutional Investor Magazine’s best CEOs of the year. But, what consumer habits do you think are permanently changed? I’ve just been a sponge in terms of everything I can soak up about every aspect of this and where it’s taking us. Strong double digit increases on podcasting. How many of those people went away altogether and how many of those people switched over and are now still listening, but now they’re listening on radio.com?Let me share the data that I have and let you and the audience draw their own conclusions. I really look at them as brothers and sisters and partners all doing great, great work to help the public and our nation cope with this and go through it. So just thinking about the rest of the year, what types of businesses stand to be the most successful?Well, it’s hard to predict, right? I will just tell you on a much smaller scale, obviously not 6000 people, but some of the hardest days of my professional career was about four years ago when I had to do some layoffs. We’ve had to lay some folks off and put some other folks on furlough, at the same time we’ve attempted to share the sacrifice across the organization and have implemented salary reductions, and a number of other measures to minimize the number of layoffs but at the same time, make sure that we’re doing what we need to do from a fiduciary standpoint to navigate through in this obviously very trying situation.And I know that you’ve personally made sacrifices in that vein, which I applaud you for walking the talk on that. In other words, we’ll get a good deal, but it’s going to be behind closed doors is kind of what I would say that maybe you can’t.
Whether you’re doing a million dollars in sales or hundreds of millions of dollars in sales, even billions, NetSuite lets you manage every penny with precision. You can only absorb so much news and it’s important to keep your mental health in balance.We’re coming close to the end here. We have been working very hard to make sure that the people across the country and the markets that we serve are fully informed on the latest happenings, that they’re getting really important valued information on how they can cope in their communities and that we provide respite and entertainment and companionship as well as we all struggle as a society to get through this.David, I know that Entercom oversees a myriad of different business units, audio, your business, like mine, is at its core, but that that has different fragments.
Dan, we absolutely are continuing to have performance-based conversations with customers and to be open to being good partners and making sure that we are able to work with our clients in ways which are mutually beneficial, even if those are somewhat untraditional.Fair enough. That will reduce the Field family’s collective voting power by … And I have no doubt that again a little bit of disruption here, yes, but not long standing. Your customers and the public needs to hear from you more than ever. And then, the last thing I would say is don’t go into the turtle pose. We have some incredible interviews coming out in the next few weeks, so keep coming back.
But for the rest of us, we have another war to win and it’s economic. What do you think is going to stick?Always dangerous to answer a question like that in a recorded medium because it leads to an embarrassing episode of your podcast. I feel like David, I have seen you in this leadership position. For example, are there initiatives you’ve had to shelf or at least change the time tables on? All right, let’s get to it. I think that’s really, really important in this ever-changing moment.That’s great advice, by the way.
Triton now has just come out with their first measurement and I think it’s the best measurement that we’ve seen from anybody in terms of the true size of the podcast audience. The Post last month reported exclusively on the suit that claimed WFAN radio host Joe Benigno tried to pressure her into having group sex with his wife and a prostitute.Benigno retaliated against her when she rebuffed his overtures, according to the suit.Benigno’s lawyer has denied the allegations in the suit.Lockwood worked at WFAN from 2006 through July 2017.
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Just to give it a little bit more context, I feel like even when we are allowed to go back, not everybody’s going to, even if we do go back, that doesn’t mean we’re not going to have to go and all figure out how to operate remote again. Government issues historic restrictions amid virus outbreak
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