"We’re not able to comment on the specifics of his departure, but we want to be clear about this: our respect and gratitude for everything Greg has given to KNBR, its listeners, and its team runs deep."
"We had a tough fourth quarter due to a combination of non-recurring political advertising, soft radio markets and declining audience delivery in our cable television business."
The company noted that the $199 million decline in the fourth quarter can largely be attributed to a significant drop in political advertising related to the presidential election in the prior year.
"Given Congress’s clear statutory role, any reconsideration should be approached with deliberation and deference to that framework. We appreciate your attention to this important matter."