Revaluing Radio

Right from the start of radio consolidation, the smart money said these emerging monopolies could never pay back the huge debt they were running up to buy large concentrations of radio stations.

Back then, $100 million sale prices for individual radio properties were not uncommon. Multiples way in excess of ten times were expected. There was so much funny money around that individuals who wanted extra fees were paid millions just for "introducing" seller to buyer.

It was as phony an excuse for paying fees as investment banks, buyers and sellers could come up with.

Did anyone really believe that the debt being&hellip

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Happy Holidays, Fagreed!

Local radio revenue was off 21% in November.

National down 24%.

And that's with political advertising from a presidential election campaign.

It was the worst month for radio since these tallies were first kept over 20 years ago. And January business is as cold as a New England winter.

Of course, radio executives blame the recession not themselves. The slumping economy is part of the problem, but radio's decline has been in progress longer than the economic downturn.

Unfortunately, the radio industry is not likely to return to break even numbers for years -- if ever -- according to analysts. And the&hellip

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Happy Holidays, Fagreed!

Local radio revenue was off 21% in November.

National down 24%.

And that's with political advertising from a presidential election campaign.

It was the worst month for radio since these tallies were first kept over 20 years ago. And January business is as cold as a New England winter.

Of course, radio executives blame the recession not themselves. The slumping economy is part of the problem, but radio's decline has been in progress longer than the economic downturn.

Unfortunately, the radio industry is not likely to return to break even numbers for years -- if ever -- according to analysts. And the&hellip

Read More  FREE SAMPLES

The RIAA Lawsuit Retreat

The Recording Industry Association of America has declared victory and is withdrawing its troops from courtrooms all over the country.

The RIAA has finally concluded what any young person could have told them ten years ago -- that you can't invade an entire generation's Internet and expect them to pay record store prices for music.

I always knew the RIAA effort to sue its way onto the Internet with a brick and mortar strategy wouldn't work. Many of you knew it, too.

When I became a professor of music industry at the University of Southern California something very telling happened that I don't believe I ever shared&hellip

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The RIAA Lawsuit Retreat

The Recording Industry Association of America has declared victory and is withdrawing its troops from courtrooms all over the country.

The RIAA has finally concluded what any young person could have told them ten years ago -- that you can't invade an entire generation's Internet and expect them to pay record store prices for music.

I always knew the RIAA effort to sue its way onto the Internet with a brick and mortar strategy wouldn't work. Many of you knew it, too.

When I became a professor of music industry at the University of Southern California something very telling happened that I don't believe I ever shared&hellip

Read More  FREE SAMPLES