Oregon Media Insiders

CBS Radio announced today that it will be selling off 50 of its 140 stations:

Radio [earnings] continued to lag, with revenue falling 10% to $416.4 million, compared with $463.4 million for the year-earlier period. On a same-station basis, revenue was down 9%. Operating income declined 16% to $150.7 million.

Just two years ago, CBS Radio boasted nearly 180 radio stations. It has since shed about 40 stations, and with the planned sale of 50 more, the company would cut its holdings to about 90 stations.

What do it mean for Portland, you're asking. Looks like they'll divest the entire Portland group; their stated strategy is top-five markets. The stations already on the bubble are KINK, KUFO, KUPL and KLXM; the potential buyers are currently unannounced. The other stations in the local group are KLTH and KCMD.

Tribune Broadcasting has reshuffled its management, landing KRCW in the lap of new executive VP Ray Schonbak. The name may be familiar to former Emmis employees. I'm curious as to how long the agreement between the local CW affiliate and KGW for the 10 o'clock news slot is for.

I hear this morning that Dwight Jaynes is no longer editor of the Trib as of yesterday. He's not on the masthead at the website. Anyone got the sitch?

Update: WWeek has it.

Update 2: Jaynes Speaks. Blazersedge.com interviews him in email. He implies he wasn't pushed; he jumped.

From the pages of Wikipedia, THE source for those who need to know:

Adrenochrome

Psychedelic use:

“There has been a substantial amount of controversy about whether adrenochrome can be classified as a hallucinogenic drug. Even though adrenochrome induces remarkable psychoactive effects, most researchers agree that an adrenochrome experience does not qualify as a psychedelic one. Psychoactive effects of adrenochrome include euphoria, confusion, changed train of thought, and inability to concentrate.”