As expected, the axe has been falling this week at Clear Channel Entertainment as the company preps for an upcoming spinoff from parent company Clear Channel Communications (Billboard.biz, Oct. 14). M
As expected, the axe has been falling this week at Clear Channel Entertainment as the company preps for an upcoming spinoff from parent company Clear Channel Communications (Billboard.biz, Oct. 14). Most of the layoffs have been at the divisional level but sources say at least two talent buyers have been let go.
It is also believed that CCE's Minneapolis office will be closed, eliminating several administrative positions. Minneapolis had been and will continue to be overseen by Mark Campana, out of CCE's Cellar Door office in Detroit, under Cellar Door president Rick Franks.
Along with Minneapolis, sources identify the Birmingham, Ala., Seattle and Austin, Texas offices as ones that could be impacted.
Among the buyers believed to be gone from the company are Eric Herz with Avalon Attractions in Los Angeles and Brian Drusky with Belkin Productions in Pittsburgh; a call to Drusky's office confirms he is "no longer with the company," according to the receptionist.
Addressing speculation that he's relocating to CCE Chicago, Nashville talent buyer Jason Wright tells Billboard.biz "I'm booking Nashville."
None of these moves could be confirmed officially by CCE, and the situation seems to be still unfolding. Many of the personnel cuts are believed to be coming from the marketing ranks.
The live entertainment division of CCC will soon be spun off into an independent, publicly traded company under president/CEO Michael Rapino, and is looking to reduce staff and overhead going forward. Previously, about a dozen executives were let go, including COO Miles Wilkin, executive VP of corporate operations Mike McGee, and VP of corporate communications Sydney Greenblatt, all closely associated with the regime of former CCE CEO Brian Becker.