A few points from meeting ...
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Push to reduce officers at E, EVP, AVP (eliminate) by ~20%; in stages
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Will approach bottoms up, but former dtv talent to be heavily impacted
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Previous retention offers to be rescinded for both legacy and new acquisitions
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Master plan for Q4 locked up; announcements throughout Q4
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Push to reduce A-C band by ~12% (in addition to Q1, 2 cuts) carried into 2017
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Non management loss of sales/rev
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New strategy for marketing will impact downstream groups
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Push to centralize Entertainment teams; key leadership and staff to Dal, Atl.
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Push to close El Segundo at some point.
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Push to move some headcount to Ad Agency umbrella (creative teams)
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Operational teams 30% reduction; includes network
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Reduce Direct, and other Sales units by 20%
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Consulting group master plan includes new org model to be announced
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Push to move more call center ops to vendors
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Reviewing various fixed assets to gain efficiency
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NJ surplus, push headcount to Atl, or Dal
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Launching new real estate plan for optimization of headcount (to Dal, Atl, vs LA (By '18)
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Board not pleased with El Segundo but will keep presence (physical asset) thru '18.