Cumulus Fears Takeover Bid

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  • Their “poison pill” cannot stop activist bidders – here’s how they can work around it.
  • The activist bidders who might be thinking takeover.
  • What happened that made Mary Berner hit the “poison pill” panic button.
  • Why a company from Singapore that owns consumer products and no media wants Cumulus so badly.
  • The biggest activist investors apparent intentions regarding Cumulus management.

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Beasley Is Next

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  • How far down the road to bankruptcy is Beasley.
  • Will digital revenue come to the rescue – it’s growing but there is a problem.
  • When a Beasley bankruptcy is likely.
  • Beasley radio markets most at risk.

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The Hole in the Market for Radio

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  • Young demos say what it will take to make them pause Spotify and try radio again in my latest NYU predictive survey.
  • No one is doing this – here’s the formula.
  • Streamers can’t or won’t answer this need.
  • The future of the CHR format.
  • Two examples: A radio personality and a programmer who has done it in the past.

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No Rush to Pay iHeart’s Debt

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  • The main reason cash is being horded.
  • What iHeart is doing with $101.4 million from their BMI windfall.
  • Pay raises for some with that money?
  • An eye-popping fact about the current number of iHeart employees.
  • Big investors are buying into iHeart, why now?

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What Soros Wants by Buying Audacy’s Debt

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  • The Soros strategy for its Audacy investment.
  • Is this a political play by the left-leaning billionaire?
  • How it will affect programming and operations.
  • Who has the power now – first-tier lenders-turned owners or the Soros group?
  • The end game for a $400 million investment in a bankrupt radio group.

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Young Demos and Podcasting

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  • Young demos prefer these podcasts – the ones content providers hate.
  • Emerging info on the different way young people actually listen to podcasts.
  • The most frequented “podcasting” app for the young.
  • Politics is out, what’s clearly preferred may even shock you – no, it will.
  • Is podcasting a business to younger demos.

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SiriusXM Is Retreating from Cars

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  • SiriusXM’s new “free radio” strategy.
  • What they see in podcasting when others are bailing out.
  • Will younger demos pay for the new digital version of SiriusXM – some early anecdotal evidence.
  • Where their spending spree on podcasting talent leaves Howard Stern.
  • To what extent will terrestrial radio benefit from satellite radio’s retreat from the car.

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Investors Turn Negative on Cumulus

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  • Why financial experts are suddenly concerned about the viability of Cumulus.
  • The real problem areas identified.
  • What about selling standalone KABC and others?
  • Westwood One as the canary in the coal mine.

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Investor Trying to Block Audacy Bankruptcy

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  • His petition to the bankruptcy court asking them to blow up the Audacy prepackaged reorganization.
  • How much this investor got burned for.
  • The specific remedies he is asking the bankruptcy court in Texas to invoke.
  • His strategy to stop the steal that mostly benefits Audacy lenders not shareholders.
  • How much trouble is this for Audacy.

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Podcasting Panic

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  • Why Spotify won’t quit Joe Rogan.
  • What SiriusXM knows as it spends hundreds of millions to bolster podcasting.
  • How podcasting panic will affect iHeart, Cumulus and Audacy.
  • Projected effect on radio ad revenue.
  • What’s on the horizon to create new cash flow if podcasting has peaked.

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Audacy Bankruptcy Hurdles

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  • Bondholders accepted pennies on the dollar to enable this bankruptcy agreement – what often happens by the time they get to court.
  • Who will the new lenders-turned owners choose to be on their board – and lead it?
  • Hints from as recently as last week give an idea of how they will proceed in running the company once the pre-pack is approved.
  • The debt issue remains: how will it be divvyed up between take-back paper and restated debt.
  • Will the new Audacy be a rebuild or a fire sale – recent clues tell which way it’s going to lean.

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Private Equity Still Investing in Radio

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  • Why the rush to buy into radio groups that are failing.
  • Even bankrupt groups.
  • The case of a lender injecting over $50 million in a bankrupt radio group.
  • A sampler of little-known private equity investors who have been actively buying radio stocks.
  • What do they know that everyone else is missing about radio’s future.

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Universal’s Yanking TikTok a Radio Warning

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  • What’s the chance that record labels could pull a TikTok on radio by withholding music?
  • Clues from how Universal shut down TikTok and suddenly without warning yanked their music.
  • How aggressive will the labels get?
  • Radio’s lobby group knows all this – why are they willing to risk trouble by resisting performance fees.

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A Must Have Audacy Format is in Trouble

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  • One of their 4 music and revenue staples is showing signs of audience erosion.
  • What this means for a company that’s in bankruptcy and needs every dollar to emerge.
  • The long list of declining stations.
  • They know they have trouble – here’s how their tinkering.
  • The impact on revenue projections if the ratings drop continues.

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The Unspoken Threat of Christian Music Formats

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  • Do commercial radio companies now have something else to worry about as Christian music stations are amassing larger audiences.
  • EMF bought all those distressed radio stations for pennies on the dollar, now look at their plan to compete with commercial broadcasters.
  • Jesus takes the dial but commercial broadcasters answer to a higher power.
  • The real threats of EMF Christian music formats to their competitors.
  • The way to beat non-coms at their own game.

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Non-Radio Buyers for Audacy?

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  • Interest in buying Audacy out of bankruptcy reportedly amps up.
  • One anxious buyer has done business with David Field.
  • A foreign investor reportedly pursuing it under the radar.
  • What it would take for lenders-turned new owners to flip Audacy.
  • Why the sudden burst of interest in buying other distressed radio groups – we name a few companies.

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Why iHeart Is Consolidating Sales

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  • You know those big ad buys iHeart likes to do to keep money away from competitors, look how this affects that.
  • Sales consolidation’s impact on local radio stations.
  • If you’re an iHeart competitor, this is what their new sales consolidation means to you.
  • What happened to their programmatic buying push – you’ll be glad you asked.

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Changes Expected Under Audacy’s New Owners

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  • First things first – the things the new owners burned in bankruptcy are champing at the bit to carry out.
  • During year one some unexpected changes (remembering that these new owners never ran even one radio station).
  • Down the line some expected and unexpected moves that they gave themselves the power to do in the bankruptcy pre-packaged agreement.
  • Reading the new owner’s digital intentions.
  • What I’m hearing about a company reportedly looking at buying all or part of Audacy.

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The Next 3 Bankruptcies

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  • The identity of the next 3 radio groups to file for bankruptcy.
  • Apollo is the largest private equity owner of radio and their investments are in trouble – why?
  • How private equity sees the future of radio ownership from their perspective.
  • A litmus test for whether now is the best time to buy a highly-discounted radio station.
  • What happens when iHeart, Cumulus and even Audacy file second bankruptcies which are being predicted.

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The Audacy Retention Bonuses

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  • This is what motivated Audacy to shell out $1.3 million in retention bonuses to people going absolutely nowhere.
  • But here’s the company’s claw back clause which is rarely noticed.
  • Why Audacy is increasingly skittish about the pre-packaged bankruptcy going through.
  • What could happen next if it doesn’t – and yes, these types of deals tend to blow at the last minute.
  • Audacy’s zero tolerance policy on bankruptcy talk.

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The Dissolution of Cox Media Group

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  • What is making private equity owner Apollo jittery about its $1 plus billion Cox Media Group investment.
  • Their plans for the Cox radio stations that have yet to be sold.
  • What a mishap this big means to Apollo’s bottom line.
  • The exit strategy detailed.
  • If you’re interested in cherry picking CMG while it’s down, one piece of advice.

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Competing Against Bankrupt Operators

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  • Three weaknesses to exploit against iHeart, Cumulus and soon, Audacy.
  • Something is developing with the available radio audience – this pins it down.
  • Nielsen ratings doesn’t just underreport young listeners – how they force radio to make avoidable programming mistakes because of it.
  • Is repetition still important to grow radio ratings in a digital world of endless discovery?
  • The new low range demographic for today’s radio listener.

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Audacy’s Confidential New Startup

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  • I was given the opportunity to view the post-bankruptcy plan Audacy is selling to the bankruptcy court – sample some of their most audacious promises.
  • One promise: a startup that will make $20 million – details.
  • What they are telling a judge about their ability to grow radio spot and network revenue by 2027.
  • After underachieving podcasting for years, here’s their projected performance.
  • The chance this harmless Chapter 11 filing will be converted to a Chapter 7 liquidation.

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Shutting Down Unprofitable Stations

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  • How iHeart, Cumulus and Townsquare are increasingly pulling the plug as a reality of doing business.
  • Why don’t they just sell them for whatever they can get?
  • Could Audacy’s new owners be hot to shut down some stations costing them too much money to bother?
  • The reason AM stations are targeted the most, but these kinds of FMs aren’t safe.
  • The two reasons that forced owners’ hands.
  • These markets are off limits – period.

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Audacy’s New CEO

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  • What’s the status of Dan Mason returning as a board member to choose the new CEO – still interested?
  • A possible sleeper candidate not to be dismissed.
  • Is it a done deal with David Field getting kicked to the board?
  • Here’s how to tell whether the lenders-turned owners are serious about fixing Audacy or gutting the company.

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The New Audacy

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  • The Turnaround Plan revealed -- what Audacy is promising the bankruptcy courts in their words – I wish I could see your reaction through your phone when you read it.
  • Are they really considering letting David Field get another bite of the apple?
  • And let’s get down to it – what will happen to COO Susan Larkin and digital chief J.D. Crowley after February or March when the reorganization takes effect.
  • The new lenders-turned owners’ position on layoffs and cost cuts.

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Audacy Fails to Dump Enough Debt

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  • As incredible as it may seem -- why the drop from $1.9 billion to $350 million in debt will still not be enough.
  • Audacy’s big mistake in their bankruptcy filing that poses a problem even when they emerge.
  • Why their newly converted equity will continue to decline in value risking another default on the reinstated debt.
  • The impact of programmatic buying when interest on their $350 million loan needs to be repaid.
  • Red flag for the 3 radio groups that will be filing for bankruptcy next – don’t make these mistakes that Cumulus, iHeart and now Audacy made to avoid being a “zombie” company.

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Audacy Asset Sales Coming Next

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  • Bye, bye 1010 WINS and a group of other stations – the new owner’s aggressive sales plan.
  • But not FM stations, right?
  • The first indication that they plan to do a Cumulus-type WPLJ selloff of properties – and most importantly, the timetable.
  • What’s not for sale – that’s a good question, but there is a good answer.
  • What happens to podcasting and digital beyond what the outgoing Field regime is publicly saying.
  • A new CEO is coming -- look at what scorched lenders actually got Field to insert in the pre-pack agreement to guarantee it.
  • How the first-tier lenders rammed language down David Field’s throat to make him sing for his supper.
  • This is a real bankruptcy despite the fact that it is agreed to – Audacy already needs a $57 million loan to hold it over just until the court and FCC approve the bankruptcy – details.

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Bankruptcy Details Audacy Is Still Hiding

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  • David Field, his father, Weezie Kramer and Joel Hollander are on the board of the sunsetting company – what the lenders-turned owners are going to do that will totally shake up Audacy.
  • What happens to Audacy stock worth 20 cents before Sunday’s bankruptcy filing.
  • Why are they “judge shopping” – Audacy filed for bankruptcy in Texas (they’re headquartered in Philly).
  • Field is talking “business as usual” as if he’s going to remain as CEO – what he’s not saying (at least publicly).
  • If this bankruptcy gets approved it wipes out almost all of Audacy’s debt -- will that be enough?
  • Audacy is talking like a pre-packaged bankruptcy is a slam-dunk – what could go wrong.

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The Return of Dan Mason to Audacy?

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  • Is Dan even interested? I asked him.
  • What position makes the most sense for the person who once cleaned up after Joel Hollander previously at CBS Radio.
  • What about Hollander (current Audacy Lead Independent Director), is he out with the new owners or does he get a second chance.
  • And a third executive who may take a run at David Field’s job as CEO.
  • The lenders become the new owners within weeks – usually (as per the Cumulus bankruptcy) they replace the board and start selling off assets – will the new Audacy follow that plan.
  • Attention Audacy: Here’s what Mason would likely do to turn the company around.

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New Owners for Audacy – What We Know

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  • The Audacy bankruptcy is a done deal – a preview.
  • The lenders get the company but does CEO David Field get to keep his job after that hot mess – details.
  • How the new company will somehow emerge with half its debt gone – why couldn’t Field do this?
  • The final decision on laying off more people under new ownership.
  • Survivors will get this take it or leave it offer.
  • The good news is that the implosion of Entercom/CBS/Audacy finally ends in the very near future – the bad news is …

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Has Radio Reached Peak Digital?

WHERE’S ALL THAT DIGITAL REVENUE?

  • What financially-strapped radio groups know about the digital revenue stream. 
  • Is it digital dimes or digital dollars? – how the big radio CEOs are playing it.
  • Look out market managers – radio groups are looking at the Cumulus model.

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The Leash Gets Shorter for Salem

THOUGHT THE RELIGIOUS FORMAT WAS BULLETPROOF …

  • How Salem blew a good thing, cratered stock to 76 cents and forced bankruptcy planning
  • A recent and embarrassing humiliation from competitor EMF
  • A tightening on finances by jittery lenders

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The Incompetent Radio CEO

HOW DO THEY KEEP THEIR JOBS …

  • How they’re getting away with the destruction of radio 
  • Next year’s 3 lifeline moves to watch for as almost every radio group dodges bankruptcy
  • Dramatic proof where radio is still a booming business
  • The 2 radio groups next up for bankruptcy as soon as 12 months as their CEOs scheme to stay in place

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Losing Confidence in iHeart

WHY IS iHEART SO UNUSUALLY QUIET … 

  • What’s going on inside iHeart as they burn cash and stock price plummets 72%
  • iHeart in 2024 – the writing soon to be on the wall
  • What’s next – prepare for what’s likely to shake up the company

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Why 30 More Days

THE PALACE INTRIGUE …

  • A delay of the inevitable for this important reason.
  • What’s really stalling the Audacy bankruptcy.
  • Read how it ends -- 30 days ahead of time.

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Audacy’s High-Stakes Showdown

INSIDE …

  • Who forced the 30-day bankruptcy extension
  • The reason Audacy is slow rolling its debt payments 
  • The contentious issues the sides are focusing on now 
  • Chances of an out-of-court settlement
  • It will all come down to 1 of these 3 outcomes in early December

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Pay Raises for Failing Radio CEOs

INSIDE …

  • The secret maneuvers to reward radio CEOs even as they are mandating cost reductions and employee RIFs.
  • Audacy CEO’s retention bonus – where was he going to go?
  • The reason Susan Larkin and J.D. Crowley stepped in it as part of an Audacy plot.
  • Outrage over a Cumulus board motion recently passed.
  • A c-suite heist as radio groups go into bankruptcy.

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Cumulus Q3 Brings 2nd Bankruptcy into Focus

INSIDE …

  • Now there is a time frame for the second Cumulus bankruptcy (it’s notable that we’ve called them all so far).
  • Revenue way off so where’s the money coming from until then?
  • A big decision on programming.
  • A new wrinkle in the desperate sale of assets.
  • The sudden cash burn.

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How Much Time Does Audacy Have

Watch David Field pull off Audacy’s bankruptcy.

Today, what we’re hearing on …

  • That 30-day extension of a loan interest payment.
  • The chance of a last-minute out of court reorganization with lenders.
  • Pinpointing Audacy’s bankruptcy based on iHeart and Cumulus that went before them.
  • A mini-bankruptcy?

The answers start here 

Click to read: Podcasting’s Reverse Effect on Radio Revenue …  Concern Over iHeart’s EarningsCumulus Q3 Revenue RevealThe 2 Never-Mentioned Radio BankruptciesChanges in Musical Listening HabitsGreg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back On

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Podcasting’s Reverse Effect on Radio Revenue

Spotify embraced podcasting and learned its lesson the hard way but will radio?

Today …

  • A gambit that is costing radio serious revenue at the wrong time.
  • The unintended podcast problem with attention spans.
  • An assessment of how podcasting fits in to radio’s future.
  • A cheaper, more viable alternative.
  • First digital, then podcasting – the next big thing.

The answers start here 

Click to read: Concern Over iHeart’s EarningsCumulus Q3 Revenue RevealThe 2 Never-Mentioned Radio BankruptciesChanges in Musical Listening HabitsGreg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy Bankruptcy

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Concern Over iHeart’s Earnings

It’s not just another bad quarter, it’s worse …

Today, I’m getting into why iHeart has been so quiet lately.

  • The numbers that portend the future are scary, forecasts for next year concerning.
  • Their stock price: down 71% and no one is talking.
  • Concerns about how iHeart is being restructured.
  • The effects of non-seller programmatic buying.
  • A problem bigger than their whopping $6 billion in debt that another bankruptcy cannot cure.

The answers start here 

Click to read: Cumulus Q3 Revenue RevealThe 2 Never-Mentioned Radio BankruptciesChanges in Musical Listening HabitsGreg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXM

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Cumulus Q3 Revenue Reveal

Weeks before their first bankruptcy, Cumulus denied it, now things are heading south so quickly there are real concerns …

Today, I’m getting into …

  • What they are trying to hide in the hopes it will be ignored.
  • The meaning of their stock price decline.
  • Why market managers are being pressed to sell digital at the expense of radio
  • What investors fear even more than a second bankruptcy.
  • The growing consensus their future is in doubt.

The answers start here 

Click to read: The 2 Never-Mentioned Radio BankruptciesChanges in Musical Listening HabitsGreg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy Reorganization

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The 2 Never-Mentioned Radio Bankruptcies

Just say it – iHeart and Cumulus still choking on debt are getting ready to go again, but this time will be very different.

Today, I’m laying out how bankruptcy the second time around will look …

  • How another bankruptcy filing became a necessity.
  • The major mistake Cumulus made in their first bankruptcy that they are paying for now.
  • Notice how iHeart is eerily quiet these days – what that’s all about.
  • The cost of kicking the debt down the road just got more expensive.
  • Why investors are giving up on radio stocks.
  • More concerning than missing revenue or sinking stock prices.

The answers start here 

Click to read: Changes in Musical Listening HabitsGreg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?

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Changes in Musical Listening Habits

I watch the music business closely and I was taken aback at how preferences are changing.

Today … I’m offloading it to you.

  • How music is being utilized by younger consumers that could be vital to radio as it addresses its shortcomings.
  • This shocked me – genres growing in popularity that most radio stations never heard of.
  • The verdict on customizable streaming radio.
  • Ambient music – a real genre or fraud.
  • NYU Music class poll: the last song or artist you discovered on radio.
  • Quick: Playlists or radio?  More new artists or listening to the big ones longer? More genres or less?  Singles over albums?

The answers start here 

Click to read: Greg Ashlock’s iHeart DemotionBeasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio Changes

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Greg Ashlock’s iHeart Demotion

How does iHeart kick an able radio exec out for a part-time replacement?

Today, what the demotion of iHeart multi-platform exec Greg Ashlock really means…

  • A “promotion” that feels like a “demotion” – but why?
  • The ultimate salary cut or something more.
  • The forces that brought their radio chief down after years of promotions.
  • A permanent replacement in the wings?
  • A wakeup call for iHeart managers.

The answers start here 

Click to read: Beasley Faces Stock DelistingiHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for Radio

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Beasley Faces Stock Delisting

Another one is getting ready to bite the dust – but this one doesn’t have the size or clout of the bigger consolidators to claw back …

Today, I’m getting into …

  • Can they be the one radio group to survive a delisting death sentence?
  • Does that mean bankruptcy is now baked in?
  • An assessment of what’s gone wrong at Beasley.
  • Their dominance over iHeart and Audacy in Boston and Philly.
  • How easy it is to avoid a NASDAQ delisting but why everyone is so worried.
  • Beasley’s ticking time bomb.

The answers start here 

Click to read: iHeart Investors Sensing Something Troubling …. Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI Tricks

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iHeart Investors Sensing Something Troubling

iHeart is awfully quiet these days – no more sideshows and promises of future business growth and even investors are worried …

Today  … what they’re worried about.

  • Yes, debt is a problem but here’s a bigger, more immediate problem causing concern.
  • Troubling metrics that keep investors awake at night.
  • How iHeart can produce positive revenue for the next three years that’s still not enough.
  • Unsettled issues surrounding iHeart on ownership, stock price, employees.
  • The thing that is worse than filing bankruptcy again – and it likely will happen.

The answers start here 

Click to read: Modernizing RadioWhat Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience Gains

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Modernizing Radio

Radio can do more than reselling digital and creating low margin websites for clients, it can tap into a trend that is actually working now in linear media.

Important info you won’t want to miss …

  • The mistake of chasing low profit digital dollars
  • An alternative that builds audience and easily pumps up revenue
  • Two growth areas that have worked for old fashioned media
  • One where the jury is still out – you may want to watch and wait
  • New opportunities for content creators

The answers start here 

Click to read: What Audacy Bankruptcy Means for EmployeesCalculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at Stations

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What Audacy’s Bankruptcy Means for Employees

What about the employees – enough about Field and his favorites, what does their impending bankruptcy do to the people who work in radio …

Bankruptcies destabilize companies – some never recover, the ones that do never look the same.

I get into the effect of the Audacy bankruptcy on its people …

  • What to expect when you’re expecting an Audacy bankruptcy
  • What about the legacy Entercom employees vs. CBS
  • Susan Larkin – stays or goes?
  • Post-bankruptcy raises and layoffs
  • Two scenarios – one if current management is allowed to remain in place, the other with a new CEO.
  • Behind the scenes Cumulus employees say what it’s like to work in a post-bankruptcy company

The answers start here 

Click to read: Calculating Audacy’s Bankruptcy DateHorizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience Gains

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Calculating Audacy’s Bankruptcy Date

At long last, it’s now possible to get a pretty good line on when Audacy will file for bankruptcy …

They’re just about screaming out loud “we are filing for bankruptcy” after years of denying it and lately warning of not being a “going concern”.

Important info you won’t want to miss …

  • How to calculate Audacy’s filing date accurately
  • The CEO’s current thinking about throwing himself on the mercy of the bankruptcy court.
  • These revealing behind-the-scenes indicators
  • The meaning behind their skipped $18 million interest payment
  • If you own their stock
  • What happens to COO Susan Larkin post-bankruptcy

The answers start here 

Click to read: Horizontal Radio MonopoliesRelaxation of Ownership Rules is Back OnPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at Stations

Newstips here.

Email news to Jerry in confidence here.

Horizontal Radio Monopolies

Just when I thought relaxation of ownership rules was finally off the table due to the FCC and iHeart’s reluctance, horizontal radio monopolies emerge that could shake the entire industry up …

Today, I’m going to get into it an escape plan that can help failed owners get back to making money or get out – or both.

You’ll read a few thoughts on …

  • A way for debt laden owners to consolidate horizontally and grow vertically.
  • Why even iHeart would like to get in on it (remember, they were against helping competitors own more stations).
  • Money would be no problem.
  • Chances this version gets past the FCC’s previous objections.
  • See a frightening hypothetical that can actually happen for real.

The answers start here

Click to read: Relaxation of Ownership Rules is Back OnAudacy on the ClockPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at Stations

You may also like: Blocking TikTok’s Knockout Punch to RadioThe Stakes in Audacy Bankruptcy TalksClass of ‘27’s Changing Views on RadioiHeart is Coming After Your Spot RevenueA Radio Station That Got Music Discovery RightThe Meaning of the “White Noise” Podcast BoomMusic Radio’s Secret Weapon Against StreamersHow Consolidators Plan to Change Ad SalesThe End of the Market ManagerBottom Feeder Buying Cumulus, Audacy Debt …

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Hear Jerry on Michael Harrison’s podcast discussing today’s youth culture and its potential application in both the radio and music businesses looking to appeal to younger demos – Listen here

Relaxation of Ownership Rules Is Back On

But why is the NAB pushing more consolidation when so many consolidators are going bankrupt?  Suing the FCC, angering their biggest group members …

Today, I’m going to spell out the irony and desperation that actually thinks more debt is worth fighting for and the dangers that come with it.

You’ll read a few thoughts on …

  • Who benefits most if ownership limits are relaxed.
  • And who gets hurt the most because there are groups that would be in harm’s way.
  • The story behind iHeart’s rethinking of consolidation.
  • What would expanding stations mean to Cumulus and Audacy both struggling to stay above water.
  • We’ll go down the list: Urban One, Salem, Beasley and the mid-range groups, how does expansion help them.
  • And the disaster that could hit Saga, yes Saga if they were allowed to expand in their current markets or add new ones.
  • One more thing we’ll get into – what about Townsquare, they have the best financials doing “digital first”, do they get into radio deeper?

The answers start here

Click to read: Audacy on the ClockPotential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at StationsBlocking TikTok’s Knockout Punch to Radio

You may also like: The Stakes in Audacy Bankruptcy TalksClass of ‘27’s Changing Views on RadioiHeart is Coming After Your Spot RevenueA Radio Station That Got Music Discovery RightThe Meaning of the “White Noise” Podcast BoomMusic Radio’s Secret Weapon Against StreamersHow Consolidators Plan to Change Ad SalesThe End of the Market ManagerBottom Feeder Buying Cumulus, Audacy Debt …  The Audacy Reorganization Talks

Report newstips or suggest a story here.

Talk to Jerry privately here.

Hear Jerry on Michael Harrison’s podcast discussing today’s youth culture and its potential application in both the radio and music businesses looking to appeal to younger demos – Listen here

Audacy on the Clock

Don’t buy the hype -- Audacy didn’t just skip an $18 million interest payment to facilitate restructuring their debt, there’s a better reason … 

What’s going on here?  You can’t believe Audacy but there is now clear evidence of what they are up to with this move.

You’ll read thoughts on …

  • Does skipping payments presage the end or the beginning?
  • If you want to know exactly when this either gets resolved once and for all or hits the bankruptcy courts, it’s now all as clear as can be.
  • Remember how I’ve stressed that Audacy hired the same bankruptcy advisors that Cumulus used before filing – based on that, here’s what will happen.
  • We will get into the exact date of a bankruptcy or pre-packaged deal and tell you which one it will be – and you can take that to the bank.

The answers start here 

Click to read: Potential Buyer Awaits Audacy BankruptcyNew SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at StationsBlocking TikTok’s Knockout Punch to RadioThe Stakes in Audacy Bankruptcy Talks

You may also like: Class of ‘27’s Changing Views on RadioiHeart is Coming After Your Spot RevenueA Radio Station That Got Music Discovery RightThe Meaning of the “White Noise” Podcast BoomMusic Radio’s Secret Weapon Against StreamersHow Consolidators Plan to Change Ad SalesThe End of the Market ManagerBottom Feeder Buying Cumulus, Audacy Debt …  The Audacy Reorganization TalksShockers Ahead from iHeart, Audacy

Report newstips or suggest a story here.

Talk to Jerry privately here.

Potential Buyer Awaits Audacy Bankruptcy

Yes, the CBS merger assets are so attractive that at “clearance prices” a welcomed Audacy shakeup could happen …

This is about the behind-the-scenes negotiations to save Audacy or at the very least clear out the current administration and start over.

You’ll read thoughts on …

  • The thing Audacy has on its side that could get lenders off their backs and let them continue to run the company.
  • The potential buyer who is waiting with investment capital to be part of the solution – we’ll name him.
  • The scenario in which David Field is retained by Audacy, paid more money BUT a new CEO is brought in– a possibility lenders have on their side.
  • Which page from the Cumulus bankruptcy playbook is Audacy focusing on.
  • Let’s be honest here from what those familiar with the situation know – how unhappy are Audacy lenders, wanting new-blood angry or second-chance angry.

The answers start here 

Click to read: New SiriusXMWhat’s Stalling the Audacy ReorganizationIs Radio Ready for a Comeback?Younger Demos Want These Radio ChangesSurge Pricing for RadioStupid On-Air AI TricksHow Nielsen is Killing Audience GainsiHeart Fast-tracking AI at StationsBlocking TikTok’s Knockout Punch to RadioThe Stakes in Audacy Bankruptcy TalksClass of ‘27’s Changing Views on Radio

You may also like: iHeart is Coming After Your Spot RevenueA Radio Station That Got Music Discovery RightThe Meaning of the “White Noise” Podcast BoomMusic Radio’s Secret Weapon Against StreamersHow Consolidators Plan to Change Ad SalesThe End of the Market ManagerBottom Feeder Buying Cumulus, Audacy Debt …  The Audacy Reorganization TalksShockers Ahead from iHeart, AudacyWhat’s for Sale at Audacy

Report newstips or suggest a story here.

Talk to Jerry privately here.

Class of ’27’s Changing Views on Radio

INSIDE THIS ARTICLE

  • The stone-cold smash hit young demo format no one is doing – and most don’t even know
  • A change in youth attitudes about podcasting
  • 2 places to look to find eager new audiences 
  • Advice from the class of ’27– opportunities bubbling under
  • If you hire them as a consultant, here’s the first thing they will say (after cut the commercials).

Read the full article now  

iHeart is Coming After Your Spot Revenue
A Radio Station That Got Music Discovery Right
The Meaning of the “White Noise” Podcast Boom
Music Radio’s Secret Weapon Against Streamers
How Consolidators Plan to Change Ad Sales

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iHeart is Coming After Your Spot Revenue

INSIDE THIS ARTICLE

  • A blatant push to put a major hurt on competitor’s ad sales
  • How it works
  • The most effective way to respond

Read the full article now  

The Effect of Nielsen’s Financial Problems on Radio
A Radio Station That Got Music Discovery Right
The Meaning of the “White Noise” Podcast Boom
Music Radio’s Secret Weapon Against Streamers
How Consolidators Plan to Change Ad Sales

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A Radio Station That Got Music Discovery Right

INSIDE …

  • How they break all the rules, attract loyal audiences and generate lots of revenue without bowing to Nielsen’s ratings.
  • We’ve gathered a list of basics.
  • The balance of new to familiar and their “Supreme Court” process for adding new songs.
  • Their hot clock mix explained.
  • The revenue component that even non-comms can emulate.

Read the full article now   

The Meaning of the “White Noise” Podcast Boom
Music Radio’s Secret Weapon Against Streamers
How Consolidators Plan to Change Ad Sales
The End of the Market Manager
Audacy to Renege on Pension Plans

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The Meaning of the “White Noise” Podcast Boom

INSIDE …

  • Why radio should care about Spotify’s inartful trashing of “white noise” that is increasingly popular.
  • The way radio can dissect an audience that is beginning to prefer chill as a source of entertainment.
  • The “white noise” that Spotify is trying to kill earns up to $18,000 a month– more than most remnant ads radio has been resorting to lately.
  • No, “white noise” isn’t the next affordable format for radio, but here’s what the trend suggests are a few that are.

Read the full article now   

Radio’s Fate Hangs in the Balance: 4th Quarter Pivotal for Survival
Music Radio’s Secret Weapon Against Streamers
How Consolidators Plan to Change Ad Sales
The End of the Market Manager
Audacy to Renege on Pension Plans

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Radio’s Fate Hangs in the Balance: 4th Quarter Pivotal for Survival

INSIDE …

  • One radio group is outperforming their peers this year by stealing revenue from these competitors – and that group is …
  • Audacy auditors were forced to issue a not “going concern” alert this year that plunged it into bankruptcy mode – the groups most likely to be in trouble now.
  • Fact: sellers selling radio AND digital produce less revenue than AEs who sell only radio – what changes are coming.
  • Radio’s digital future should pattern what Mark Thompson, named CNN CEO yesterday, did to turnaround The New York Times.

Read the full article now   

Music Radio’s Secret Weapon Against Streamers
How Consolidators Plan to Change Ad Sales
The End of the Market Manager
Audacy to Renege on Pension Plans
Record Labels Confirm the Decline of CHR

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Music Radio’s Secret Weapon Against Streamers

INSIDE …

  • There’s lots of news among younger demographics lately who prefer streaming music services like Spotify and Apple Music over terrestrial radio – both have weaknesses but now radio has a way to regain listeners glued to their AirPods.
  • It’s something that Spotify can’t do (they still think they need to be more like radio!).
  • Nielsen stands in the way, but there is a workaround.
  • Evidence that young music loving audiences would turn the radio back on for this new approach to music programming.
  • There’s even a way for big consolidators to get in on this but don’t make the mistake they are sure to make.

Read the full article now   

How Consolidators Plan to Change Ad Sales
The End of the Market Manager
Audacy to Renege on Pension Plans
Record Labels Confirm the Decline of CHR
Bottom Feeder Buying Cumulus, Audacy Debt

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Do you have information you want to share with Jerry confidentially?  Email him privately here

How Consolidators Plan to Change Ad Sales

Read the full article now   

  • Disruptive changes to how account execs will sell. 
  • Where the size of station sales forces is headed – smaller to save compensation or larger to boost revenue? 
  • Cleaning up collections. 
  • Questionable sales practices for iHeart, Audacy and Cumulus that could easily become accepted everywhere.
  • Solutions for redefining the role of sales manager and how to get maximum revenue from salespeople.

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Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The End of the Market Manager

Read the full article now   

  • Scripps reportedly fired many of their local TV GMs making radio salivate at the potential savings.
  • The new “glorified” sales manager.
  • The radio groups most likely to fire market managers in favor of regional execs.
  • The ones most likely to consider regional market managers.
  • The safest radio groups to be a market manager (by group and size).

Tell a friend about today’s story here.

Share news and information just between us --  Newstips

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Click to read: Bottom Feeder Buying Cumulus, Audacy Debt … The Audacy Reorganization Talks …. Shockers Ahead from iHeart, AudacyWhat’s for Sale at AudacyAudacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2ndQuarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the Future

You may also like: Chaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV Sale

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Bottom Feeder Buying Cumulus, Audacy Debt

Read the full article now   

  • Just when you think Audacy and Cumulus have nothing left to sell, they’ve come up with this.
  • Why investors are willing to throw millions at radio groups that have emerged from bankruptcy or are ready to go into it.
  • Detailed: The riskiest new investment in radio since John Malone tried to take over iHeart.
  • What speculators see in radio that shareholders do not.

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Newstips

Click to read: The Audacy Reorganization Talks …. Shockers Ahead from iHeart, AudacyWhat’s for Sale at AudacyAudacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at Cumulus

You may also like: The Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy Talks

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Audacy Reorganization Talks

Read the full article now   

  • The two likeliest outcomes.
  • What’s the holdup – one issue seems insurmountable.
  • How their podcasting business is getting in the way.
  • Who gets screwed most – Audacy, bondholders or lenders.
  • At stake: a voluntary reorganization or a balls on bankruptcy.

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Newstips

Click to read: Shockers Ahead from iHeart, AudacyWhat’s for Sale at AudacyAudacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand Radio

You may also like: Listeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its Bets

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Shockers Ahead from iHeart, Audacy

Read the full article now   

  • Why Audacy is not cutting expenses faster given their financial problems.
  • How iHeart is taking market share from competitors even as their own revenue declines.
  • iHeart fuzzy math about a 4th quarter turnaround clarified.
  • Bob Pittman caught speaking candidly about his radio group’s future.
  • It’s what iHeart and Audacy are NOT saying that is concerning – two examples.

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Click to read: What’s for Sale at Audacy ... Audacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free Radio

You may also like: Religion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

What’s for Sale at Audacy

Read the full article now   

  • Will Audacy stations be sold in Boston and Phoenix?
  • The other assets that could be sold off within a year.
  • The coming benefits dump.
  • The one competitor that is singlehandedly preventing Audacy’s revenue from rising forcing asset sales.

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Newstips

Click to read: Audacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is Not

You may also like: The Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock Split

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy To Renege on Pension Plans

Read the full article now   

  • The employees that will be most affected by this decision – an estimated number, kind of money being lost.
  • Is this the approach other bankrupt radio groups will now use?
  • How a few lucky Audacy employees saw this coming and what they did to protect their nest egg.
  • The option to quit their jobs and take their chances outlined here.

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Newstips

Click to read: Airplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have Changed

You may also like: Satellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Airplay and Attention Span

Read the full article now   

  • Forget the metric that goldfish have a longer attention span than humans – it just got worse.
  • What percentage of Spotify songs get skipped in the first 5 seconds.
  • A look at changes in the way records are being made.
  • 8 attention span solutions (The average listener retains only 25% of what they hear).
  • TikTok is the new YouTube – what we can learn from them.

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Click to read: Bankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio Problem

You may also like: The Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This One

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Bankruptcy Talks Accelerate After Audacy 2Q Earnings Disaster

Read the full article now   

  • How angry bondholders may force Audacy into bankruptcy court wiping out everyone’s equity.
  • Behind-the-scenes negotiations -- details.
  • Do lenders want Field out as a condition?
  • The new pivot Field is selling to save his job (succeeding digital and podcasting).
  • Ominous sign the end is near: retirement plans.

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Newstips

Click to read: What to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor Warning

You may also like: Audacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI Goals

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

What to Expect from 2nd Quarter Revenue

Read the full article now   

  • WHAT RECESSION? There’s no recession, so why is radio having one?
  • IGNORING TRENDS -- Like “connected audiences” – what they are and why they work.
  • SPOTIFY -- The mistake of trying to compete with Spotify which is the new hit radio – here’s a better idea to take them on.
  • DIGITAL -- Trouble ahead in digital that radio groups increasingly depend on.

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Newstips

Click to read: Record Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up Bankruptcy

You may also like: The Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain Execs

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Record Labels Confirm the Decline of CHR

Read the full article now   

  • CHR audiences have been eroding for years in ratings and ability to break new acts, but the straw that broke the camel’s back happened early this year.
  • BUT WAIT, there is still good news for 3 other radio genres.
  • Why these 3 formats are now more valued by labels than CHR.
  • The coming new very different role for hit radio as the labels see it so you can get ahead of it now.
  • CHR’s decline and what happened at All Access.

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Newstips

Click to read: The Big Consolidators Plan for the FutureChaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in Media

You may also like: Spillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming Mistakes

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Big Consolidators Plan for the Future

Read the full article now   

  • The big 3 can’t sell or make a profit, but there is one more option.
  • Cluster busters are coming.
  • Why they are giving up on boosting anemic stock prices.
  • Surprising news about Nielsen.
  • Podcasting never materialized as promised, digital is a costly low-margin business and the national radio business decline is killing iHeart and Audacy – do they have one more pivot left?

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Newstips

Click to read: Chaos at CumulusThe Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV Sale

You may also like: The Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Chaos at Cumulus

Read the full article now   

  • First good look at their rate of cash burn.
  • The revenue they need to generate just to pay their bills.
  • They sold WDRQ, Detroit for $10 million for quick cash – what’s on the block now?
  • What they have in mind by promising to retrain the sales force.
  • Why they are gutting many of their stations.

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Newstips

Click to read: The Race to Rebrand RadioListeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy Talks

You may also like: Audacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Race to Rebrand Radio

Read the full article now   

  • The guardrails for stations looking to successfully rebrand.
  • The important step most stations skip over.
  • Lessons from Starbucks, Gap and Twitter’s rebrand.
  • Now it can be told: the reason consolidators pushed to replace radio with audio.
  • The radio group that reportedly renamed a major market powerhouse based on the CEO’s wife’s preference.

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Click to read: Listeners Paying Streaming Rate Hikes Rather Than Free RadioReligion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its Bets

You may also like: Threads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio Groups

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Listeners Paying Streaming Rate Hikes Rather Than Free Radio

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  • How long the current trend will last.
  • The streamers who may have the most resistance to rate increases.
  • The specific reasons why listeners would rather pay substantial and increasing monthly fees rather than listen to free radio.
  • METRICS: Exactly how much are consumers willing to pay for monthly subscriptions for streaming services?

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Newstips

Click to read: Religion is Soaring, Salem is NotThe Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & Radio

You may also like: Breaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station Owners

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Religion Is Soaring, Salem Is Not

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  • Why virtually all religion-based stations are succeeding while Salem is in financial hot water.
  • The winners and losers in one of America’s top format genres.
  • Salem’s mistakes that EMF didn’t make.
  • The ingenious formula EMF uses to buy stations on the cheap.

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Newstips

Click to read: The Core Needs of Listeners Have ChangedSatellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock Split

You may also like: AI’s Projected Impact on the Music BusinessNot That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Core Needs of Listeners Have Changed

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  • The two new surprising hot buttons according to a changing audience.
  • The importance of influencers or not.
  • If you’re not willing or able to cut commercial loads right now, these new core needs even supersede that.
  • How to get record labels to start spending promotional money again to gain radio airplay.
  • Turns out one of the weekend hit movies (Barbie and Oppenheimer) has some critical branding lessons.

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Newstips

Click to read: Satellite has a Radio ProblemThe Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business

You may also like: Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Satellite Has a Radio Problem

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  • Why yesterday’s 42% stock price surge is a warning sign.
  • The problems that have caused SiriusXM subscriptions to hit the wall.
  • The story behind their bizarre pricing plans.
  • The coming dashboard shakeout for terrestrial and satellite radio.

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Newstips

Click to read: The Golden Bachelor WarningAudacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This One

You may also like: iHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat Bankruptcy

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Golden Bachelor Warning

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  • The evidence behind ABC’s The Golden Bachelor blatantly aimed at aging demographics.
  • Proof positive that radio can regenerate a new generation of listeners even as young people are turning to digital.
  • The way to develop new formats even where older listeners predominate.
  • Hopeful history: How hippie WMMR was hatched on an older-skewing adult station – 50 years ago!
  • Age in place or get younger?

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Click to read: Audacy’s Screwed Up BankruptcyThe Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business…  Not That Format Hot Clock, This OneiHeart’s Misleading AI Goals

You may also like: Cash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing Investors

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy’s Screwed Up Bankruptcy

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  • What a last-minute pre-packaged bankruptcy means to the operation of Audacy stations.
  • The radio groups that are watching their latest tactics closely.
  • One investor is in for the biggest shellacking.
  • Lenders would rather stay with current management than have to run Audacy themselves. True or false?

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Click to read: The Rise of Unions in MediaSpillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain Execs

You may also like: Radio’s Streaming MistakesRadio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio Monopolies

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Rise of Unions in Media

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  • Will the SAG/AFTRA and screenwriters strike stimulate a union movement to save radio jobs?
  • How they would go about unionizing against iHeart, Audacy, Cumulus and others.
  • Bubbling under: What we know about current attempts to organize against radio consolidators.
  • The most probable unionization targets – in order.

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Click to read: Spillover Effects of a Disney TV SaleThe Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming Mistakes

You may also like: Radio rethinking Digital Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton Hire

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Spillover Effects of a Disney TV Sale

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  • Disney wisely sat out radio consolidation and is now looking to exit the linear TV business – what do they know.
  • The ramifications of a collapsing TV business on radio.
  • Does streaming still have good business potential.
  • The kind of content that still has an upside.
  • New distribution options for radio.

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Click to read: The Projected Outcome of the Audacy Bankruptcy TalksAudacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking Digital

You may also like: Listeners Demands to Return to RadioCompeting Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The Projected Outcome of Audacy Bankruptcy Talks

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  • We called this over a year ago in living color – along with the Cumulus and iHeart bankruptcies before that – now batting 1.000, here’s our projected outcome of the Audacy reorganization.
  • Are lenders holding almost $2 billion in debt in the mood to cut a deal?
  • Is it true that Audacy and David Field can somehow survive a pre-pack bankruptcy?
  • The signs that this is going to get ugly.
  • The projected outcome – who gets screwed, who gets lucky.

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Click to read:  Audacy Hedges Its BetsThreads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio 

You may also like: Competing Against Failed Radio GroupsThe New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy Hedges Its Bets

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  • The not so warm and fuzzy CEO is now romancing the staff to get the one thing he desperately needs from them.
  • How half-truths are being used to paint a picture of stability.
  • Details of an orchestrated “charm offensive” to win back employees.
  • David Field talks about the new people he hired – here’s what he is leaving out.
  • What’s next: this final Hail Mary.

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Click to read: Threads, Twitter & RadioBreaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio Groups

You may also like: The New Station OwnersCumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing Spending

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Threads, Twitter & Radio

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  • 70 million new signups in its first two days Threads competed with Twitter – why radio should take a timeout and not misread what’s developing.
  • Young people are already bored with Twitter and many more abandoned Facebook spelling opportunity for the original social medium, radio.
  • The key component – do this and digital alternatives can’t compete with radio.
  • Details on how music genres should proceed and how spoken word formats should take advantage of this once in a generation opportunity.
  • The evolving attitudes about social media that are changing now and begging for someone to act.

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Click to read: Breaking Down Audacy’s 1-for3- Reverse Stock SplitAI’s Projected Impact on the Music Business…  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners ….

You may also like: Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Breaking Down Audacy’s 1-for-30 Reverse Stock Split

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  • Reverse stock splits almost never work, so why did Audacy just do a 1-for-30 split?
  • Why would one of the cheapest radio CEOs spend $3.2 million on pay raises and bonuses at a time like this.
  • The coming potential screwing of Audacy shareholders.
  • The favorite for running Audacy post-bankruptcy.
  • Who is on the growing list of radio groups that are angling for a voluntary bankruptcy.

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Click to read: AI’s Projected Impact on the Music Business …  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting Radio

You may also like: Turmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy Negotiations

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

AI’s Projected Impact on the Music Business

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  • Happening already: AI imitating recording artists.
  • The cloned dj to play cloned music.
  • Fake records impact on airplay and streaming music services.
  • The clause in the U.S. copyright law that guarantees AI bots will not make humans expendable.

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Click to read:  Not That Format Hot Clock, This OneiHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car Radio

You may also like: Audacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After Bankruptcy

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Not That Format Hot Clock, This One

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  • How to update the “hot clock” to reflect how audiences actually live and listen to radio today.
  • For example, there is one programming element that can be added at no cost whatsoever – yet no stations do this ratings booster (until now?).
  • Radio, take note: Striking stats on how the record business is successfully adapting to shorter radio listener attention spans and it goes virtually unnoticed.
  • Too many commercials are a turnoff and they’re not going to be reduced anytime soon, but there is a way to mitigate the tune-out factor.
  • Should AI be included in future format clocks – jump on it first, wait or say no way.
  • The secret Spotify users have for what they want from a radio station.

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Click to read: iHeart’s Misleading AI GoalsCash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat Bankruptcy

You may also like: How Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

iHeart’s Misleading AI Goals

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  • How iHeart’s public and private goals for artificial intelligence differ.
  • Its effect on future iHeart layoffs detailed.
  • iHeart promising to expand AI even before it gets started – what’s behind that move.
  • The reasons competitors will not breathe easier when they see what iHeart AI is up to.
  • BUT, employees will have a different set of AI rules than iHeart corporate.

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Click to read: Cash-Strapped Audacy Paying Millions to Retain ExecsRadio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing Investors

You may also like: Chaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of Audacy

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Cash-Strapped Audacy Paying Millions to Retain Execs

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  • “Retention Awards” from the cheapest radio group to keep employees who have no intention of leaving – why?
  • Yes, yes David Field gets an unconscionable pay bump for presiding over a company preparing for bankruptcy – but look who else is getting spiffed now.
  • Wall Street wants deep cuts from them so why is Audacy doing the exact opposite?
  • Talent, programming and sales – their stake in this corporate money grab.
  • Will the healthy radio companies start giving raises?

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Click to read: Radio’s Streaming MistakesRadio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio Monopolies

You may also like: Saga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial Intelligence

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Radio’s Streaming Mistakes

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  • Even the big consolidators are fumbling on digital delivery of their stations – a checklist of their mistakes you don’t want to repeat.
  • The end of radio walled off from digital competitors – and new opportunities.
  • The dark hole of commercials while streaming.
  • All that is necessary to beat digital competitors where they stream while you continue to broadcast over-the-air.
  • Audacy case study: how not to transition to digital broadcasting.

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Click to read: Radio rethinking DigitalListeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton Hire

You may also like:  What Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper Cuts

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Radio Rethinking Digital

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  • Digital seems to have hit the wall, even Townsquare is having problems cranking it out – why radio groups behind the scenes are worried about their favorite pivot.
  • New thinking – how digital sales will change for radio out of necessity over the next few months.
  • Townsquare derives over 50% of its revenue from digital – why no other radio group can.
  • Selling against iHeart’s packaged platform deals.

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Click to read: Listeners Demands to Return to Radio  Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ...

You may also like: Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep Audacy

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Listeners Demands to Return to Radio

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  • “The list” to address radio’s turn offs.
  • Time spent listening enhancers.
  • Where digital and podcasting fit in.
  • Consolidators are already flirting with artificial intelligence (AI) – are listeners interested?
  • How to harvest the “gift” of increasingly shorter attention spans.
  • News and talk are on the list, but you may be shocked at how listeners want it now.

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Click to read: Competing Against Failed Radio GroupsThe New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping Radio

You may also like: Audacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff Rules 

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Competing Against Failed Radio Groups

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  • The low-lying fruit – two areas to hit your formerly bankrupt or soon-to-be bankrupt competitor with and get relatively quick results.
  • Smarter planning for the more aggressive radio owner or executive – failed groups will skip this part because it costs a little investment money.
  • Only for the brave – worth a read because these ideas take guts not so much money.
  • The number one (and only) question to ask a group when brainstorming for new radio ideas.
  • And the most preferred contest prize that radio never offers.

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Click to read: The New Station Owners …. Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing Spending

You may also like: Ford Won the AM Radio BattleAudacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

The New Station Owners

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  • The three types of new owner that will be buying radio stations from desperate consolidators.
  • There’s one consolidator that knows this already and they have already begun to take advantage of the next type of station owner.
  • AM stations are being shut down or sold for pennies on the dollar – KABC is likely next – does that mean there is a brisk market for AM?
  • How are the distressed radio stations sold by consolidators to new owners performing?
  • The return of the mom-and-pop era?

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Newstips

Click to read: Cumulus All in On Exiting RadioTurmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle

You may also like: Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Cumulus All in On Exiting Radio

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  • The profit in not growing the company.
  • Plans for market managers.
  • Latest distraction: a new low margin business with auto renew in fine print.
  • They failed in network, podcasting and spot radio, here’s where they appear to be headed next.
  • And, that $50 million buyback of stock has come under fire for this reason.

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Click to read: Turmoil Over Who Controls the Car RadioAudacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy Negotiations

You may also like: The Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True Financials

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Turmoil Over Who Controls the Car Radio

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  • Ford knew something that even the radio industry didn’t know before making their first attempt to delete AM from in-car entertainment systems – here’s what it is.
  • The BBC got it right – what their new leader predicts for radio distribution within the next 10 years.
  • If they are right, the NAB is pandering to AM owners who would be better served by accepting the BBC vision.
  • Almost everyone agrees FM is next if it doesn’t at least keep an open mind for the European radio solution.
  • Auto manufacturers are hijacking the car radio to make money from apps – this counter punch stops them in their tracks and puts control in the hands of broadcasters.

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Click to read: Audacy’s Copycat BankruptcyHow Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After Bankruptcy

You may also like: Crocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings Charade

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy’s Copycat Bankruptcy

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  • The bankruptcy Audacy is modeling itself after.
  • They even hired the same advisory firm.
  • Based on this model – who can get screwed and who gets paid.
  • Cumulus and iHeart (and potentially Audacy) filed bankruptcy before it was needed – what’s that all about?
  • What are the chances a private equity backed company will file for bankruptcy compared to a traditional company – there are research numbers now available.

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Click to read: How Audacy is Sportswashing InvestorsChaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM Radio

You may also like: The Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in Radio

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

How Audacy Is Sportswashing Investors

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  • What exactly is sportswashing and how Audacy is strategically employing it.
  • This 1-for-30 share Audacy reverse stock split is not what it appears to be – there is a specific reason for this move and helping investors is not at the top of that list.
  • The revealing report card on reverse stock splits.
  • Field wants what Cumulus CEO Mary Berner was having when she filed for Cumulus – her version worked for her.
  • Shareholders usually get screwed in reverse stock splits so why is Audacy’s so important?

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Click to read: Chaos at the Big 3 Radio MonopoliesSaga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of Audacy

You may also like: iHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Chaos at the Big 3 Radio Monopolies

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  • The 5 groups that will experience at least one bankruptcy over the next couple of years (We’re batting 1.000 so far).
  • One private equity group is about to sell off its radio assets.
  • A great radio station cannot save a radio cluster – but here’s what can.
  • No one wants to be in a consolidator’s shoes right now, but there is an emerging type of radio group to watch for.
  • The coming explosion over average quarter hour listening so you can get ahead of it now.

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Click to read: Saga’s Pat Paxton HireWhat Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle ….Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial Intelligence

You may also like: Lenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus Myths

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Saga’s Pat Paxton Hire

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  • To hire Paxton, Saga changed a fundamental practice that has worked well for them for decades.
  • What Paxton had that others didn’t that was irresistible.
  • The move away from policies of the late Ed Christian with great urgency.
  • Tomorrow’s Saga – changes ahead, one startling.

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Newstips

Click to read: What Post-Bankruptcy Audacy Might Look Like ... Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper Cuts

You may also like: How the Fields’ Intend to Keep AudacyRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener Gripes

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

What Post-Bankruptcy Audacy Might Look Like

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  • Would David Field run it?
  • If not, who is on the short list to replace him?
  • Who would own the company that emerges?
  • What would the new owners be forced to sell to downsize?
  • Could Audacy finally get back to business?

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Click to read: Local Advertisers Dumping RadioAudacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep Audacy

You may also like: Audacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener Gripes

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Local Advertisers Dumping Radio

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  • Low profit digital being sold by radio stations is artificially pumping up the revenue, so why is local sales and profit down?
  • Something’s not right -- Why is debt-ridden and bankrupt Audacy so close to much bigger competitor iHeart in revenue – here are the numbers.
  • What the late Ed Christian used to do in markets where he competed when iHeart did a deep dive on rates.
  • Local advertisers want to buy radio – here is what’s keeping them from upping their spend.
  • One proven tactic that radio advertisers cannot resist.

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Newstips

Click to read: Audacy Preps for Bankruptcy by Increasing SpendingFord Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the Brink

You may also like: Radio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar Status

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy Preps for Bankruptcy by Increasing Spending

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  • For a company that is headed to bankruptcy, why is Audacy increasing its spending?
  • Where are they spending the money.
  • A first good look at David Field preparing for bankruptcy not preventing it.
  • CBS-type spending vs. Audacy penny pinching – why the change?
  • The fate of their well-publicized forced retirements.

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Click to read: Ford Won the AM Radio Battle …. Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff Rules

You may also like: Bankruptcy Update on Audacy, Cumulus, iHeart & BeasleyThe “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Ford Won the AM Radio Battle

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  • What Ford knows that broadcasters are missing about AM radio.
  • Sit down for this -- Ford will actually end AM’s audio disadvantage compared to FM, their plan.
  • The NAB knows the AM car battle is lost but why are they still pissing in the wind?
  • The carmakers dirty little secret is that they want to make radio (among other things) a paid app – here’s what will prevent them.

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Click to read: Audacy Bankruptcy NegotiationsThe Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley 

You may also like: The “Bowtie” That is Choking RadioiHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s Firing

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell

Audacy Bankruptcy Negotiations

  • The rather surprising position of lenders as Audacy publicly declares it may no longer make it as a going concern.
  • The 3 things that Audacy must come away with or it’s game over.
  • The way things are leaning at this moment – bankruptcy, loss of control or stay of execution.

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Click to read: The Surprise Audacy CEO After BankruptcyCrocodile Tears for AM RadioThe Value Destruction of AudacyiHeart’s Future in Artificial IntelligenceLenders Pressure Audacy for Deeper CutsHow the Fields’ Intend to Keep AudacyAudacy on the BrinkRadio is Changing Layoff RulesBankruptcy Update on Audacy, Cumulus, iHeart & Beasley  The “Bowtie” That is Choking Radio

You may also like: iHeart’s True FinancialsInvestors Rejecting Cumulus Earnings CharadeVoice Cloning Is Starting in RadioESPN Radio May Disappear3 Cumulus MythsTop Listener GripesAudacy Up in Arms Over JD Crowley’s Superstar StatusWhat is Urban One Doing Buying Stations The Mediacraft of Tucker Carlson’s FiringAudacy Reportedly Fudging Their Digital Numbers

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell