CCM+E 'Restructures' Sales Departments

And of course, that results in lay-offs.  Clear Channel has issued the following corporate statement on today's activities:

"As a policy, we don't discuss personnel matters. However, for the last several months we have been flattening our senior management organization to reduce overlap.

Now we are aligning our sales organizations to this new structure and to give more resources, authority and accountability to the most productive members of our team so we can operate as effectively and efficiently as possible.

Change is not always easy, and unfortunately in the process some people were negatively impacted.

We thank them for their commitment and service and wish them the best for the future, and will work with them to help make this transition as easy as possible."