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They were company wide and amount to about $7.5 million in cuts across the company. Emmis revenue was down 5% in September, October, and November, typically some of the best revenue-performing months of the year for radio. Emmis' CEO Jeff Smulyan said it was a challenging quarter for Emmis, and it was a challenging quarter for the radio industry.

CFO Ryan Hornaday told investors national revenue was down 12% in September, October, and November while local was down 5.5% and digital was up over 8%. September finished down 2%, October was off 11% and November was off 1%.

It's no secret that iHeartMedia is carrying a massive amount of debt and hasn't been able to nudge it south. While walking the floor at CES, CEO Bob Pittman was interviewed by Fox Business Host Liz Claman who said to Pittman, eventually the two major creditors, Canyon and Goldman Sachs, are going to want their money back. Claman asked Pittman point blank if iHeartMedia was going to have to restructure. Here's what Pittman said...

Day two of CES 2016 and another day of gadgets to blow your mind. Expanding my convention center experience, I made my way over to the Sands Expo, which is a whole "other" convention center to navigate. Walking in to the fitness, sports-tech wing with my old friend Steve Goldstein from Amplfi media, and seeing Fitbit, Vert, Wahoo, Invoxia, and many other connected fitness items, he said, "The smartphone has enabled all of this and helped to create this category. It's the catalyst."

Scripps-owned WTMJ in Milwaukee is presenting a two-hour special Saturday night, with expanded coverage on their website, on the prosecution of Steven Avery, which has become one of the most popular programs on Netflix.

The FCC's enforcement bureau says it has reached a $540,000 settlement with Cumulus over a sponsorship identification issue at WOKQ (97.5 FM) in Dover, New Hampshire. The station broadcast 178 announcements in support of the Northern Pass hydro-electric energy project without identifying the sponsor of those announcements, in this case a company with a financial interest in the project. This is the largest payment in FCC history for a single-station violation of the Commission’s sponsorship identification laws.

Alpha's KTFM 94.1 is now called Energy 94.1 -- “The station that sounds like San Antonio." All the live and local DJ's are staying in place, and the music is basically the same with a little more Latin flare thrown in.

Rich Broadcasting CEO Richard Mecham said KID programming (590 AM & 92.1 FM) now will be heard on KQEZ-FM in Idaho Falls as well as Jackson, Wyoming, stations KSGT (1340 AM) and 96.3 FM.

In a move that perhaps signals the final three months of 2015 were weak for Emmis, the company has announced expense reductions across the company. Two days ago we told you that the contract of Deon Levingston was not being renewed by Emmis. Yesterday, we heard from Emmis' St. Louis market that there were several people let go, including a DOS, GSM, account executives, and on-air personalities. We expect to hear more details from Emmis CEO Jeff Smulyan later this morning on the company earnings call at 9 a.m. When we contacted the Emmis corporate office about the cuts over the past several days, here's the statement we received: