CC Media Holdings Inc., parent of Clear Channel Communications Inc. and Clear Channel Outdoor Holdings Inc., said it has eliminated about 1,850 full-time jobs, or 9% of its total work force, in an effort to cut costs. The company says in a filing with the Securities and Exchange Commission that the move will lower fixed costs by about $350 million a year. Clear Channel owns 1,200 radio stations, including five in Baton Rouge. Officials referred questions about potential local layoffs to the company’s San Antonio offices. Clear Channel officials in San Antonio say they were deluged with media calls and didn’t know when they would be able to respond.
Clear Channel slashes jobs
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