4/28/16, "40 Layoffs as Glenn Beck’s Blaze Empire Continues Its Decline and Fall," The Daily Beast, Lloyd Grove
"Sources
estimate that 20 Blaze employees will lose their jobs in New York, a
dozen in Washington, five in Ohio, and two or three in L.A. to satisfy
the requirements of a multimillion-dollar bank loan."
"According to sources, Beck’s frequent travel in support of the presidential candidacy of Sen. Ted Cruz among other distractions, has prevented him from appearing daily on his syndicated radio program and live-streaming television show, resulting in declining advertising revenue for Mercury Radio Arts, Beck’s privately held parent company.
Similarly, said these sources, declining traffic for Glennbeck.com and TheBlaze.com
have also resulted in dropping ad revenue—and Padveen was under
increasing pressure to meet the requirements of the bank loan, details
of which were not available as of this writing....
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This latest round of mass
firings comes as no surprise to insiders at The Blaze and Mercury Radio
Arts, which laid off dozens of employees last May on a day referred to
internally as “Black Monday,” around the same time that Beck was
purchasing a private jetliner and a $200,000 Maybach sedan."
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