On April 16, Clear Channel Music + Entertainment began what they termed an ‘alignment’ of radio station sales staffs at the local market and cluster levels. According to reports, markets of all sizes have been impacted. 22 people were rumored to be affected.
The company, which has gone through several rounds of layoffs in other areas, remains tight-lipped about the number of positions shed. A Clear Channel spokesperson did say, however, that they “are aligning our sales organizations... to give more resources, authority and accountability to the most productive members of our team so we can operate as effectively and efficiently as possible."
According to Clear Channel's annual 10-K SEC filing from Dec. 31, 2013, the company had $20.5 billion of total debt.