Radio veteran Chuck Wood, who returned to his old job with the local group of stations that includes FM stations 94.5 KSMB and 99.1 KXKC in mid-2009, has been let go by new owners Cumulus Media. Local radio sources say Wood’s position was eliminated, likely part of a broader move by Cumulus to do away with general managers in smaller markets.
Citadel Broadcasting Corp. sold the local stations to Cumulus in September, about two years after bringing Wood back to run the local franchise, which also includes 104.7 KNEK and 95.5 KRRQ. While Wood’s position may not fit into Cumulus’ model, it was common knowledge in radio circles that the group of stations was performing well financially.
In 1998, Wood landed a job as sales manager with one of the KSMB group’s chief competitors, what is now Townsquare Media, after being forced out by then-owner Powell Group and replaced by another local radio veteran, Mary Galyean. Powell later sold to Citadel.
In 2009, it was Galyean who was cut loose by Citadel to pave the way for Wood’s return. She’s since moved on to a job as communications business support supervisor with LUS Fiber, and most bets are on Wood landing on his feet very soon as well.
Reached on his cell phone Monday, Wood declined comment at this time.
The woman answering the phone at Cumulus headquarters in Atlanta referred our inquiry to the local Cumulus office. A message left there was not immediately returned.
Cumulus had confirmed in February that it was negotiating with Las Vegas-based Citadel in a deal valued at about $2.4 billion in cash and stock. On Sept. 16 the publicly traded media giant announced that it had closed the deal. With the completion of the Citadel acquisition, Cumulus said it became the largest pure-play radio broadcaster in the U.S., with more than 570 radio stations in 120 markets and a nationwide radio network serving more than 4,000 stations.
A divided 3rd Circuit Court of Appeal reversed a Lafayette district judge’s ruling absolving the co-owner of a New Iberia accounting firm of liability in an embezzlement case.
Our View: It’s reasonable, temporary and invests in Lafayette’s future.
“I am only getting a little nervous about two projects — the proposed Sasol GTL facility [not the new ethylene plant] and the proposed G2X facility — both in Lake Charles. They need a hefty difference between oil and natural gas prices to make sense.”
Lower oil prices also might slow the growth of oil production in parts of the U.S., Canada and elsewhere because it will no longer be so profitable.
A Lafayette woman faces up to 20 years in prison for running up more than $1 million in unauthorized charges to her company credit card.
Signs that our state’s banking industry is undergoing a downsizing in 2014 were further confirmed today with the FDIC’s latest figures showing a third straight quarter in which Louisiana lost more banks and earned less money.
State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income.
Facing opposition from a powerful industry, the governor and many in the Legislature, a New Orleans-area flood board's lawsuit against dozens of oil, gas and pipeline companies seemed doomed early on.
Thursday’s explosion aboard an oil production platform in the Gulf of Mexico is now under investigation by the Bureau of Safety and Environmental Enforcement.
Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration.
BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill.
The 59-41 Senate vote was one shy short of the 60 needed to clear the House-passed measure.
Spot bonuses to employees who go above and beyond on projects one of several reasons national mag calls BR-based biz bank a cool place to work.
The Director Search Committee interviewed the five men still in the running via video last week and is set to trim the field this week.
Telecom’s decision to halt deployment to more than 100 cities while it awaits net-neutrality rules appears to be little more than a temper tantrum.
Environmental (and political) junkies got a double fix when The Lens hosted a discussion between its environmental writer and the lead attorney in the levee board suit.
Follow The IND to hear Lens environmental reporter Bob Marshall's interview with Gladstone Jones, the lead attorney in the lawsuit against the oil and gas companies for coastal damages.
The $35B deal leaves the burning question about what it will mean for the thousands of these two service giants' local employees.
Broussard & David set up shop at the corner of Jefferson and Vermilion.
in light of falling oil prices, Forbes asks, “Will there be more?”
Lake Charles lets Acadiana companies in on the action as our neighbor to the west prepares for unprecedented growth.
A new study analyzes the state of the Lake Charles region and the impact 19 industrial projects will have on residents.
A U.S. magistrate judge calls “garbage” on behavior of attorneys for Progressive Waste Solutions.
The Lafayette food truck scene is slowing down but not stopping.
Lake-area financial institutions seeing green.