It is no secret that the ticketing industry, like other markets throughout the struggling economy, is dealing with plethora of financial and business issues, but TicketsNow President and CEO Cheryl Rosner believes that ticket companies should embrace the challenges.
Rosner was one of several Chicago-area business leaders to offer her views on current market conditions before the Chicagoland Entrepreneurial Center this week, and the overall tone of the briefing was one of more economic gloom for the immediate future.
TicketsNow, a subsidiary of Ticketmaster Entertainment, is in the midst of eliminating more than 60 jobs as part of cost-cutting moves overseen by Ticketmaster. But, as of 10am EST today, November 20, Ticketmaster was still struggling with convincing Wall Street that its initiatives would take flight, and the stock was still trading below $6 per share at about $5.75. See ticker below.
“Volatility is going to be what we deal with on a daily basis,” Rosner told the group, as reported by Medill Reports. “Ensuring that we lean into that risk, lean into that volatility and run our businesses in a way that will allow us to continue to operate very effectively is the name of the game, it’s how you are going to win.”
She added that companies should use the down markets to scoop up talented employees that otherwise might not be available in more robust economic times.
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sweet, maybe hire back ralphie, nick and the rest of the boys that left
Perhaps the stock is under $6 per share because of the following conditions:
1) The service charges are astronomical.
2) The customer service is atrocious.
3) They are in competition with the crack heads scalping tickets outside of inner city sports stadiums.
It’s a fantastic business model.
Signed,
A former Tickets Now customer.
so why are we now dealing with morons for customers service? The new reps for Ticketsnow don’t know their ass from their elbows!
It’s better than taking to someone in India !!
Thank you come again!
Tell that to the Dodgers when trying to sign Manny Ramirez. She’s an idiot and soon she will be shining my shoes.
Sheryl should be excited to see that ticket master stock has dropped to 4.50 a share and her golden parachute has turned into a bungee cord if she is lucky. The available employees are the ones she stepped all over to bang her way to the top of tickets now. thanks for the advice Sheryl based on what you said no one in the ticket business would hire you.
because they are only making $6.25 an hour
“She added that companies should use the down markets to scoop up talented employees that otherwise might not be available in more robust economic times.” That’s right, Cheryl. Scoop ’em up, just like stocks.