About a month ago I got a heads up from an inside industry source that Beck had blown $35m on his show, which was at the time some 100,000 subscribers under break even. His five top execs quit last year. His TX facility is the size of a Warner Bros soundstage-—massively expensive to be filming people doing live radio shows.
It’s pretty telling that his top 5 execs quit last year. They must see the coming storm and found new jobs. It’s better to be proactive than to be notified of your layoff out of the blue via Twitter and be at square one hitting the bricks and sending out resumes.