In a memo to staff this morning, SiriusXM CEO Jennifer Witz informed employees that 475 staffers will be laid off.
Witz said nearly every division of the company will be affected by the cuts, saying “Today is one of the most difficult days we’ve had to face as a team, and these changes impact each of us deeply. However, it is my belief that these tough decisions were necessary as we look to capture the opportunity in front of us.
“We streamlined our non-headcount costs by reducing content and marketing spend, decreasing our real estate footprint, and most recently, implementing tighter restrictions in our Travel and Entertainment policy,” Witz continued. “However, today’s decision to reduce our workforce was required in order for us to maintain a sustainably profitable company.”
The memo added that SiriusXM employees who would be cut will be notified shortly, and shared her appreciation for their efforts during their tenures.
“I want to acknowledge that this is going to be a challenging day, especially for those departing from the Company, and I’d like to extend my deepest gratitude to everyone for their contributions to SiriusXM. Regardless of the team, level, or tenure, you played a role in bringing our Company to where it is today and for that we are grateful. This was not an easy decision to make, nor one we took lightly. However, it is critical for us to take the right steps now to secure the long-term health and profitability of our business.”
The news of impending layoffs comes days after the satellite provider shared it brought in $2.283 billion in the final quarter of 2022, up from $2.281 billion in 2021, but parent company Liberty Media’s operating income was down from $529 million to $450 million.
Hugh Douglas and Joe Giglio Celebrate Anniversary on 94 WIP
“Happy Anniversary, Hugh!…Yes, it is the one year anniversary of the midday show, of the change at WIP. Our key cards still work here, they still let us in this morning.”
94 WIP hosts Hugh Douglas and Joe Giglio celebrated their one-year anniversary as the midday show in Philadelphia today. Following Angelo Cataldi’s retirement in 2023 and the subsequent move of DeCamara and Ritchie taking his place in mornings, Douglas and Giglio formed the station’s new midday show.
Giglio started the show, “Happy Anniversary, Hugh!…Yes, it is the one year anniversary of the midday show, of the change at WIP. Our key cards still work here, they still let us in this morning.”
Douglas, who had been part of the morning show at 92.9 The Game in Atlanta prior to starting with Giglio on 94 WIP, had mixed emotions. He was excited for the show, but was also reminded that he had been in Philadelphia now for a full year and had yet to find his permanent place to live. Giglio said he believes the reasoning is simply Douglas’ attention to the show and nothing else.
Giglio took a moment to thank those who help with and listen to the show. “We appreciate everyone who has been a part of the show for the last year,” he said. “We are excited for the next year to get started.”
Douglas played in the NFL for ten years, spending time with the Jets, Eagles and Jaguars.
Los Angeles Dodgers Extend with Latino Media Network in LA; Add Coverage in Las Vegas and Fresno
“As a lifelong Latina Dodgers fan, this collaboration is a dream come true,” said LMN founder Stephanie Valencia.
According to a release from the company, Dodger games will continue to broadcast on the flagship Los Angeles based KTNQ 1020 AM, but will now also expand the broadcast to KLLE 107.9 FM in Fresno and KISF 103.5 FM HD2 in Las Vegas, increasing the team’s reach to more than three million Hispanic potential Dodger fans. Beyond the expanded markets, the new partnership between Latino Media Network and the Dodgers will include more team and sports programming and increased community-based events.
“As a lifelong Latina Dodgers fan, this collaboration is a dream come true,” said LMN founder Stephanie Valencia. “This partnership is beyond baseball – it is about our Latino community. There is arguably no more dedicated Latino fan base to any other team in the MLB than Latinos to Los Doyers and that is in great part to KTNQ, which has been a part of Dodgers history for decades. KTNQ is still how thousands of Latino families listen to Dodger baseball, and I am excited to help expand the Dodgers fan base in a meaningful way in what will be such a historic year for the team.”
“The Dodgers’ history in the Latino community is without parallel in the world of sports, and that includes broadcasts in Spanish dating back to the 1950s and the franchise’s arrival in Los Angeles,” said Los Angeles Dodgers Executive Vice President & Chief Marketing Officer Lon Rosen. “We could not be more pleased to team up with LMN not only to extend this arrangement but also expand it on a geographical and programming level. This partnership is great for the Dodgers, great for baseball and most importantly, great for our community.”
LMN’s roster of sports teams include the Miami Marlins, Miami Heat, Chicago Cubs, Chicago White Sox, Chicago Bulls, Chicago Fire, Chicago Blackhawks, Texas Rangers, Dallas Mavericks, FC Dallas, San Antonio Spurs, and Texas Christian University.
Gregg Giannotti: Ryan Clark Wants to “Work Less and Get Paid More”
“If I was an executive, why would I ever hire him? He’s been fantastic, but if I was the one writing the checks…why am I going to pay him for what he did and not what he’s going to do now?”
Last week, former NFL player Ryan Clark posted on his X account about his contract status with ESPN. Then, over the weekend, another post made it clear his contract has now expired with ESPN, where he has worked for the last decade.
“I’m so grateful for the decade of work they allowed me to do on the world’s greatest sports platform,” Clark said in his second post.
Where Clark ends up remains to be seen, however, what appears to be clear from his social posts is he is expecting to get paid more than his last contract with ESPN and he would like to put in less work.
“This started three years ago,” Clark says in the video. “[Clark’s deal with ESPN] wasn’t what [he] wanted. I realized I had to do more. Honestly, I felt played. I felt like I deserved something that they didn’t feel like I deserved. And I said, ‘In three years, I’ll be the best in the world doing this, that there will be no stone left unturned, I’ll leave no doubt that there was nobody in the world that was like me.’ I went on every show they put me on and made sure I crushed. So now here we are again, the season’s over, Inside the NFL is finished, and someone’s gotta pay the piper.”
On Boomer & Gio this morning, Gregg Giannotti was joined by Jerry Recco as Boomer Esiason takes some time off. The two discussed the social posts and videos as ‘Gio’ said Clark had, “Put out this hype video about his broadcasting free agency, which is something I have never seen before.”
Giannotti noted he has a bit of a history with Ryan Clark, who was a weekly guest of his when both were in Pittsburgh. According to Giannotti, Clark once called in and said he was sick and could not do the weekly visit and then showed up on a national radio show. Despite that, Giannotti and Recco both said they believe Clark is excellent at what he does and might deserve more money, however, this video did him no favors.
“Not only is this hype video and him feeling himself too much a turn off, but he just bascially said he did all of his work already,” said Giannotti. “And now he wants to get paid for the work that he did, but he wants to work less and make more money.”
Recco replied, “If I was an executive, why would I ever hire him? He’s been fantastic, but if I was the one writing the checks…why am I going to pay him for what he did and not what he’s going to do now?”
Giannotti added, “I had never in my life seen something like that, from a player, much less a broadcaster…I understand that he has done a really nice job and he is going to be a hot commodity and a lot of guys are getting paid in this business and he’ll probably get paid, but if I was someone that was going to hire him I would be like…’I like everything about you but this thing’…I don’t like this video at all…I have never seen anything like it.”