Rumors began swirling over the weekend that Talk Radio Network (TRN) had "suspended operations" and laid off a number of employees. TRN CEO Mark Masters has released a statement, saying that his company has been "damaged" by Westwood One (formerly Dial Global) and has suspended the broadcast operations of America's Radio News Network (ARNN).
Much of Masters' statement reiterated TRN's claims against Westwood One/Dial Global and Cumulus, which FMQB reported last week, when TRN called WW1/DG a monopoly and accused the company of illegal behavior.
Masters says that as of this past Friday, ARNN "has been forced to suspend its broadcast operations ... pending the successful outcome of its actions against Dial Global/Westwood. ARNN has arranged for appropriate feeds to be provided to its affiliates for a reasonable period of time to enable them to secure alternate programming."
Masters added that "All of the TRN companies have been severely damaged by the Dial Global/Westwood One conduct addressed above and also addressed in the various legal actions which the TRN companies have brought, or will bring, against Dial Global/Westwood. That conduct has forced all of these companies to make wrenching internal decisions and to take painful internal actions. As Dial Global/Westwood One has been collecting our advertising revenues, but refusing to pay them over to us or to account for them, these companies have now been forced to reduce as many operating costs as possible. However, the current rumors of an alleged shutdown of broadcasting operations for non-ARNN programming are unfounded. Broadcasts of the other programs are continuing without interruption."