KTRS' Dorsey: 'I'm Not Going Anywhere'
May 18, 2009 at 5:11 AM (PT)
CH HOLDINGS Talk KTRS-A/ST. LOUIS President/GM TIM DORSEY told the ST. LOUIS POST-DISPATCH that he was not under pressure to resign, calling a STLMEDIA.NET report that some investors circulated a memo ripping his management of the station "an internal matter that we've addressed." "I absolutely expect to be in charge," DORSEY said. "I'm not going anywhere, and the board has made no indication they want me to go."
The STLMEDIA.NET post said that investors blaming DORSEY for the station's present situation and for selling half of the station to the ST. LOUIS CARDINALS asked DORSEY to resign, and he declined to do so, but that both sides had met with attorneys in the matter.
I absolutely expect to be in charge.
In the memo posted on the site, the investors criticized DORSEY for erosion in the company's capital due to continued losses, the station falling short of DORSEY's projections for CARDINALS sales, staff and management cuts, an additional $80,000 fee paid to CARDS announcer JOHN ROONEY for "occasional appearances" on the station, travel and entertainment expenses, the pay apportioned to DORSEY's sons (station sales executives), and several other areas.
DORSEY told the P-D that he was "disappointed" by the memo, which he said contained misinformation, and by the decision of some investors ("very few people" out of the station's 60 investors) who went public with their complaints.