Public radio nonprofit CapRadio announces layoffs across several departments

ITS LOWEST LEVEL IN ALMOST 40 YEARS. MODESTO BASED GALLO WINERY HAS ACQUIRED A PREMIUM BRAND. YES, KCRA 3 MANY EXPERT KELLY BROTHERS JOINS US. SO KELLY, WHAT’S IN THIS DEAL WITH GALLO? YEAH, IF YOU LOVE A BUTTERY CHARDONNAY, AS I KNOW YOU DO, LISA, WE’RE TALKING ABOUT ROMBAUER. ROMBAUER, A PREMIUM BRAND AND OH, ROMBAUER THAT THAT IS VERY POPULAR WITH MY AGE DEMOGRAPHIC. NO, IT’S IT’S IT’S MAYBE THE MOST POPULAR OF THEM ALL. AND IT’S NOT CHEAP AS CHARDONNAYS GO AND THAT WHOLE BRAND HAS NOW BEEN PURCHASED BY GALLO. DON’T WORRY THEY’RE NOT THEY’RE NOT GOING TO MAKE A JUG WINE OUT OF THIS. THEY’RE GOING TO KEEP THE ROMBAUER LABEL, THE BRAND, EVERYTHING ALONG. THEY HAVE A PREMIUM BRAND. NOT ONLY THAT, THEY’VE EXPANDED THEIR FOOTPRINT THE LAST FEW YEARS. THEY BOUGHT WRENWOOD UP IN AMADOR COUNTY BACK IN 2019. THEY HAVE VINEYARDS UP IN AMADOR COUNTY, A SECOND TASTING ROOM. THE PRICE WAS NOT DISCLOSED, BUT IT WAS SOMEWHERE WAY UP THERE IN THE HUNDREDS OF MILLIONS OF DOLLARS FOR THIS PREMIUM BRAND. SO ROMBAUER IS NOW A GALLO BRAND CONSOLIDATION. LET’S TALK ABOUT RESTAURANTS. ONE FAMILIAR PROPERTY IN SACRAMENTO LISTED FOR SALE AND ANOTHER FAMILIAR NAME IS CLOSING A LOCATION. THAT’S RIGHT. WELL, BUCA DI BEPPO, THEY’RE ON HOWE AVENUE YOU. THEY’RE STAYING PUT. AS A MATTER OF FACT, THEY HAVE A LEASE THROUGH 2029. THEY’VE ALREADY BEEN IN BUSINESS FOR OVER 20 YEARS. BELIEVE IT OR NOT. BUT THE PROPERTY IS UP FOR SALE, SO THEY’RE LOOKING TO SELL THE PROPERTY WHILE THEY’RE STILL I THINK THEY’RE STILL SIX YEARS LEFT ON THAT LEASE. SO BUT THAT RESTAURANT WILL REMAIN. CHANDOS AN INTERESTING STORY IN THAT THEY HAVE CLOSED DOWN TWO RESTAURANTS IN THE LAST MONTH, BUT THIS IS KIND OF A NORMAL SHAKE OUT IN THE RESTAURANT INDUSTRY. SHONDO HAS OPENED, YOU KNOW, MANY RESTAURANTS RELATIVELY QUICKLY. HE AND HE JUST SEES BETTER PLACES TO MAYBE DEPLOY THAT CAPITAL OR TO TAKE ADVANTAGE OF OTHER OPPORTUNITIES. I THINK THEY STILL HAVE EIGHT RESTAURANTS OPEN AND THEY’VE BEEN VERY POPULAR IN MOST SPOTS, BUT HAVE SHUT DOWN TWO IN THE LAST MONTH. IT IS INTERESTING. YEAH, HE SAID. THEY’RE JUST MAKING CHANGES. NOTHING TO WORRY ABOUT. YEAH. SAC SACRAMENTO’S CAPITAL PUBLIC RADIO CUTTING STAFF, THEY ALREADY MADE THE CUTS. WHAT ARE THE STRUGGLES THERE? YEAH, THAT’S 12% OF THEIR STAFF LET GO. SADLY HERE TO SEE THAT ABOUT OR HEAR THAT ABOUT ANY LOCAL BUSINESS. BUT YOU KNOW, I THINK THIS IS JUST THE FRAGMENTATION OF THE ADVERTISING DOLLAR. YOU KNOW, WE’VE SEEN IT IMPACT TELEVISION, LOCAL RADIO. YOU KNOW, WE HAVE SAC MAGAZINE BASICALLY HAS GONE AWAY AFTER THIS MONTH. THE ASSETS WERE PURCHASED BY SACTOWN. BUT SACRAMENTO MAGAZINE WAS A MAINSTAY HERE FOR A LONG, LONG TIME. IT’S GONE BASICALLY JOSIE. AND, YOU KNOW, WE ALL KNOW WHERE THESE ADVERTISING DOLLARS HAVE GONE. I MEAN, WE KNOW ABOUT, YOU KNOW, GOOGLE AND YOUTUBE AND FACEBOOK AND INSTAGRAM, BUT YOU MIGHT NOT EVEN THINK ABOUT THE FACT THAT AMAZON IN THEIR LAST QUARTER SOLD $10 BILLION, $10 BILLION WORTH OF ADVERTISING. SO THAT’S $40 BILLION ANNUALIZED OVER A YEAR. YOU KNOW, THOSE ARE ALL FOLKS WHO WOULD HAVE BEEN ON LOCAL TV, RADIO OR PUBLISHING 20 YEARS AGO. BUT NOW THERE’S JUST MANY MORE OPTIONS. THOSE DOLLARS HAVE BECOME FRAGMENTED AND CAP RADIO, I THINK, IS JUST ADJUSTING TO THAT. THAT NEW REALITY. YEAH, FOR ALL OF US, ALL OF US JOURNALISTS AND THOSE IN BROADCASTING, IT’S A IT’S A SIGN OF THE TIMES, BUT IT’S JUST KIND OF SAD AT THE SAME TIME BECAUSE NO, IT IS. AND THE INDUSTRY, IT’S AN EVEN IT’S AN EVEN BIGGER ISSUE. TY AND THAT IS, YOU KNOW, OUR COUNTRY IS BASED ON A FREE AND INDEPENDENT. YOU KNOW, JOURNALISTIC MODEL. AND ADVERTISERS FUEL THAT MODEL FOR MANY, MANY DECADES AND GENERATIONS. AND IT’S NOT FUELING IT AS MUCH ANYMORE, ESPECIALLY IN THE PRINT ARENA. SO HOW DO WE ENSURE THAT GOING FORWARD, A BIG QUESTION TO BE ANSWERED. ABSOLU