|This time, don't look at Ken. From Talkers:
Randi Rhodes Is On Her Own and Nova M Files for Bankruptcy. It comes to light now that the sticking point between Randi Rhodes and Nova M was her belief that her contract included helping her with legal costs which it did not. She is now rumored to be seeking a local radio gig and many believe she’s trying to get back to her old station – WJNO, West Palm Beach. As for Nova M, it was losing a lot of moolah — $100,000 per month. The founders and corporate officers — Sheldon and Anita Drobny — are filing for Chapter 7 bankruptcy liquidation for the company. Some of Nova M’s other talent — Mike Malloy, Nancy Skinner — continue in syndication as another person involved with Nova M from the beginning, Dr. Mike Newcomb, is reorganizing the network as On Second Thought Radio Network.
The radio business is in a tailspin right now, and Randi has had a lot of legal bills stemming from the lawsuit filed against her by Iraq contractor CACI. It's a big loss for the South Florida talk radio market, which frankly, wasn't that good to begin with. That say, let's all say a prayer for Thom Hartmann (number 10 on the Talkers "Heavy 100" and the number one non-winger show.) If he goes, I'm going to go back to listening to jazz CDs in the car.
Cross-posted at Reidblog.
UPDATE: Per astute reader Kurt, the rumor mill has it that 940 will flip to sports in March:
Though the station isn't confirming it, WINZ-940 will become a Fox Sports radio affiliate in March -- a move that will allow owner Clear Channel to reduce costs. WINZ now airs news, talk shows and live sports, including Heat games. The new lineup will include Fox shows such as Steve Czaban (6-9 a.m.) and Chris Myers (3-7 p.m.), Dan Patrick's syndicated program from 9 a.m. to noon and Jim Rome from noon to 3 p.m.
The good news: Dan Patrick and Jim Rome. The bad news? No more progressive talk in South Florida. And I also hear that more layoffs are likely coming at Clear Channel.
It's a jungle out there, folks!
Labels: economic crisis, Nova M, radio, Randi Rhodes, talk radio, the economy