In case you've heard it all when it comes to stupid consolidation tricks, here's one I'll bet you missed.

Cumulus is installing cameras at some -- possibly all -- of their local stations so Big Brother can watch the daily sales meetings from Atlanta.

One indentured Cumulus slave wrote:

"The 'official' reason is to allow the executives to 'participate' in sales training - even the Execs who have never sold a commercial in their lives. The real reason is that some of the managers were preempting or rescheduling sales training sessions to allow their sellers more time on the streets, or changing department head&hellip

In case you've heard it all when it comes to stupid consolidation tricks, here's one I'll bet you missed.

Cumulus is installing cameras at some -- possibly all -- of their local stations so Big Brother can watch the daily sales meetings from Atlanta.

One indentured Cumulus slave wrote:

"The 'official' reason is to allow the executives to 'participate' in sales training - even the Execs who have never sold a commercial in their lives. The real reason is that some of the managers were preempting or rescheduling sales training sessions to allow their sellers more time on the streets, or changing department head&hellip

In case you've heard it all when it comes to stupid consolidation tricks, here's one I'll bet you missed.

Cumulus is installing cameras at some -- possibly all -- of their local stations so Big Brother can watch the daily sales meetings from Atlanta.

One indentured Cumulus slave wrote:

"The 'official' reason is to allow the executives to 'participate' in sales training - even the Execs who have never sold a commercial in their lives. The real reason is that some of the managers were preempting or rescheduling sales training sessions to allow their sellers more time on the streets, or changing department head&hellip

<

br />Guess how many text messages the average American teenager sends and receives each month?

No, I'm not going to make you go to the end of this piece and turn your screen upside down to see the answer.

How does 2,272 sound?

Probably a little low if you are a parent or teacher as the next generation's addiction to text messaging is beginning to have consequences -- like declining grades, poor health and sleep problems, sore fingers and joints, anti-social behavior -- to mention a few.

Maybe you saw this coming but most people thought text messaging was just a diversion that came with a cell&hellip

<

br />Guess how many text messages the average American teenager sends and receives each month?

No, I'm not going to make you go to the end of this piece and turn your screen upside down to see the answer.

How does 2,272 sound?

Probably a little low if you are a parent or teacher as the next generation's addiction to text messaging is beginning to have consequences -- like declining grades, poor health and sleep problems, sore fingers and joints, anti-social behavior -- to mention a few.

Maybe you saw this coming but most people thought text messaging was just a diversion that came with a cell&hellip

<

br />Guess how many text messages the average American teenager sends and receives each month?

No, I'm not going to make you go to the end of this piece and turn your screen upside down to see the answer.

How does 2,272 sound?

Probably a little low if you are a parent or teacher as the next generation's addiction to text messaging is beginning to have consequences -- like declining grades, poor health and sleep problems, sore fingers and joints, anti-social behavior -- to mention a few.

Maybe you saw this coming but most people thought text messaging was just a diversion that came with a cell&hellip

I have been reading The New York Times since I was 12 years old (15 years ago).

Seriously, I don't think I have ever not had a subscription to the paper and I don't consider it Sunday without pasta and Sunday "gravy" on the stove and The New York Times in the house.

So you can imagine how upset I was -- a loyal, longtime reader -- to see The New York Times pull a Clear Channel on me.

You know the concept -- national radio instead of local.

The Times stuffed a white sheet of paper in the newspaper last week to tell me they were raising my subscription price again.

I'm sorry that The Times is having&hellip

I have been reading The New York Times since I was 12 years old (15 years ago).

Seriously, I don't think I have ever not had a subscription to the paper and I don't consider it Sunday without pasta and Sunday "gravy" on the stove and The New York Times in the house.

So you can imagine how upset I was -- a loyal, longtime reader -- to see The New York Times pull a Clear Channel on me.

You know the concept -- national radio instead of local.

The Times stuffed a white sheet of paper in the newspaper last week to tell me they were raising my subscription price again.

I'm sorry that The Times is having&hellip

I have been reading The New York Times since I was 12 years old (15 years ago).

Seriously, I don't think I have ever not had a subscription to the paper and I don't consider it Sunday without pasta and Sunday "gravy" on the stove and The New York Times in the house.

So you can imagine how upset I was -- a loyal, longtime reader -- to see The New York Times pull a Clear Channel on me.

You know the concept -- national radio instead of local.

The Times stuffed a white sheet of paper in the newspaper last week to tell me they were raising my subscription price again.

I'm sorry that The Times is having&hellip

Radio is losing touch with its audience at an alarming pace.

I'm not just talking about the youth audience that radio all but ignored during the past 13 years of consolidation.

Even older folks -- yes, baby boomers who are trying new media and liking it.

Facebook, once the bastion of Millennials, is experiencing its greatest growth from over 30's.

Baby boomers are using Facebook to find old flames, high school and college buddies, friends lost while life was happening.

Twitter is engaging radio users -- not to learn what the next song is that radio stations are playing, but as a way to have immediate&hellip

Radio is losing touch with its audience at an alarming pace.

I'm not just talking about the youth audience that radio all but ignored during the past 13 years of consolidation.

Even older folks -- yes, baby boomers who are trying new media and liking it.

Facebook, once the bastion of Millennials, is experiencing its greatest growth from over 30's.

Baby boomers are using Facebook to find old flames, high school and college buddies, friends lost while life was happening.

Twitter is engaging radio users -- not to learn what the next song is that radio stations are playing, but as a way to have immediate&hellip

Radio is losing touch with its audience at an alarming pace.

I'm not just talking about the youth audience that radio all but ignored during the past 13 years of consolidation.

Even older folks -- yes, baby boomers who are trying new media and liking it.

Facebook, once the bastion of Millennials, is experiencing its greatest growth from over 30's.

Baby boomers are using Facebook to find old flames, high school and college buddies, friends lost while life was happening.

Twitter is engaging radio users -- not to learn what the next song is that radio stations are playing, but as a way to have immediate&hellip

In the past, radio was the best and only way to get "immediate" or at least timely information about world news. There was no CNN. No email to communicate with loved ones. Radio was a lifeline.

Today, radio is defined by ...

Scaled down workforces.

"Local" programming from out of town -- out of state and across the nation.

"Local" news from regional newsrooms to save money.

"Local" decisions made by corporate officers somewhere else.

No Internet strategy.

No mobile content plan.

No fun. No focus. No future.

That's radio today as consolidators are changing the face of&hellip

In the past, radio was the best and only way to get "immediate" or at least timely information about world news. There was no CNN. No email to communicate with loved ones. Radio was a lifeline.

Today, radio is defined by ...

Scaled down workforces.

"Local" programming from out of town -- out of state and across the nation.

"Local" news from regional newsrooms to save money.

"Local" decisions made by corporate officers somewhere else.

No Internet strategy.

No mobile content plan.

No fun. No focus. No future.

That's radio today as consolidators are changing the face of&hellip

In the past, radio was the best and only way to get "immediate" or at least timely information about world news. There was no CNN. No email to communicate with loved ones. Radio was a lifeline.

Today, radio is defined by ...

Scaled down workforces.

"Local" programming from out of town -- out of state and across the nation.

"Local" news from regional newsrooms to save money.

"Local" decisions made by corporate officers somewhere else.

No Internet strategy.

No mobile content plan.

No fun. No focus. No future.

That's radio today as consolidators are changing the face of&hellip

I don't know about you but I wouldn't advise a child to take candy from a stranger.

And I also wouldn't tell radio listeners to find a job from Clear Channel President John Slogan Hogan.

Since yesterday when Clear Channel announced that it is going to help five unemployed in each of 21 of their markets find a job each week, my email, Facebook and text messages have been on fire.

That's one station per market -- not all stations -- and we're talking about hard hit places like Detroit.

And they're not giving away a job, just a chance that some lucky listener might be hired by someone other than Clear&hellip

I don't know about you but I wouldn't advise a child to take candy from a stranger.

And I also wouldn't tell radio listeners to find a job from Clear Channel President John Slogan Hogan.

Since yesterday when Clear Channel announced that it is going to help five unemployed in each of 21 of their markets find a job each week, my email, Facebook and text messages have been on fire.

That's one station per market -- not all stations -- and we're talking about hard hit places like Detroit.

And they're not giving away a job, just a chance that some lucky listener might be hired by someone other than Clear&hellip

I don't know about you but I wouldn't advise a child to take candy from a stranger.

And I also wouldn't tell radio listeners to find a job from Clear Channel President John Slogan Hogan.

Since yesterday when Clear Channel announced that it is going to help five unemployed in each of 21 of their markets find a job each week, my email, Facebook and text messages have been on fire.

That's one station per market -- not all stations -- and we're talking about hard hit places like Detroit.

And they're not giving away a job, just a chance that some lucky listener might be hired by someone other than Clear&hellip

Radio had already staked its claim to fame on being mobile media long before cell phones and iPods.

Once the family stopped sitting around the radio together and went to watching TV instead, the radio industry reinvented itself to survive the TV challenge.

To accomplish this, the radio industry had to lay claim on the car as its main receiver.

As automobiles proliferated -- two family cars and then cars for the teens -- radio was the one constant.

A built-in, ready-made -- always accessible audience.

Keep in mind that in the 1970's, FM radio could not grow and prosper until automakers decided to make FM&hellip

Radio had already staked its claim to fame on being mobile media long before cell phones and iPods.

Once the family stopped sitting around the radio together and went to watching TV instead, the radio industry reinvented itself to survive the TV challenge.

To accomplish this, the radio industry had to lay claim on the car as its main receiver.

As automobiles proliferated -- two family cars and then cars for the teens -- radio was the one constant.

A built-in, ready-made -- always accessible audience.

Keep in mind that in the 1970's, FM radio could not grow and prosper until automakers decided to make FM&hellip

Radio had already staked its claim to fame on being mobile media long before cell phones and iPods.

Once the family stopped sitting around the radio together and went to watching TV instead, the radio industry reinvented itself to survive the TV challenge.

To accomplish this, the radio industry had to lay claim on the car as its main receiver.

As automobiles proliferated -- two family cars and then cars for the teens -- radio was the one constant.

A built-in, ready-made -- always accessible audience.

Keep in mind that in the 1970's, FM radio could not grow and prosper until automakers decided to make FM&hellip

Louis: This is it! This is the sign!

Janine Melnitz: Yeah, it's a sign, all right - "Going out of business".

-- From Ghostbusters

Sooner or later it had to happen.

Citadel, Clear Channel, Cumulus and the other big consolidators weren't just driving down their share prices. They were also killing the value of radio stations.

Of course, we really haven't been able to know just how low prices were really going to sink because so few stations have been sold in this bad economy.

We had the CBS Denver sale -- three stations to Wilkes Broadcasting for $19.5 million. The multiple on that deal was about&hellip

Louis: This is it! This is the sign!

Janine Melnitz: Yeah, it's a sign, all right - "Going out of business".

-- From Ghostbusters

Sooner or later it had to happen.

Citadel, Clear Channel, Cumulus and the other big consolidators weren't just driving down their share prices. They were also killing the value of radio stations.

Of course, we really haven't been able to know just how low prices were really going to sink because so few stations have been sold in this bad economy.

We had the CBS Denver sale -- three stations to Wilkes Broadcasting for $19.5 million. The multiple on that deal was about&hellip

Louis: This is it! This is the sign!

Janine Melnitz: Yeah, it's a sign, all right - "Going out of business".

-- From Ghostbusters

Sooner or later it had to happen.

Citadel, Clear Channel, Cumulus and the other big consolidators weren't just driving down their share prices. They were also killing the value of radio stations.

Of course, we really haven't been able to know just how low prices were really going to sink because so few stations have been sold in this bad economy.

We had the CBS Denver sale -- three stations to Wilkes Broadcasting for $19.5 million. The multiple on that deal was about&hellip

Citadel won't make it past the serious problem of renegotiating its new debt agreement by the end of this year.

Citadel may not even make it to the end of the year.

Yesterday, Citadel went silent on financial info.

No more press releases or conference calls. They're just going through the motions now because there is no longer an upside to the radio industry and in particular, their stock.

Bankruptcy is inevitable.

The best they can do from here on in is more of the same or worse. The economy is killing the part of radio that bad debt management and poor decision making hasn't already done&hellip

Citadel won't make it past the serious problem of renegotiating its new debt agreement by the end of this year.

Citadel may not even make it to the end of the year.

Yesterday, Citadel went silent on financial info.

No more press releases or conference calls. They're just going through the motions now because there is no longer an upside to the radio industry and in particular, their stock.

Bankruptcy is inevitable.

The best they can do from here on in is more of the same or worse. The economy is killing the part of radio that bad debt management and poor decision making hasn't already done&hellip

Citadel won't make it past the serious problem of renegotiating its new debt agreement by the end of this year.

Citadel may not even make it to the end of the year.

Yesterday, Citadel went silent on financial info.

No more press releases or conference calls. They're just going through the motions now because there is no longer an upside to the radio industry and in particular, their stock.

Bankruptcy is inevitable.

The best they can do from here on in is more of the same or worse. The economy is killing the part of radio that bad debt management and poor decision making hasn't already done&hellip

There's iPod, iPhone, social networking, YouTube, Hulu, texting, smart phones, filesharing.

Now -- there is something on the horizon that may be coming along within months -- certainly within the year -- that will pose a new threat to traditional media -- radio, television and the music industry.

It's a product that Apple is said to be working on right now.

Of course, Apple is tight lipped about anything in its pipeline, but the huge Apple underground says this product is most certainly on the way.

Maybe in June -- or the other traditional Apple product intro dates such as September or January.

So, I'd&hellip

There's iPod, iPhone, social networking, YouTube, Hulu, texting, smart phones, filesharing.

Now -- there is something on the horizon that may be coming along within months -- certainly within the year -- that will pose a new threat to traditional media -- radio, television and the music industry.

It's a product that Apple is said to be working on right now.

Of course, Apple is tight lipped about anything in its pipeline, but the huge Apple underground says this product is most certainly on the way.

Maybe in June -- or the other traditional Apple product intro dates such as September or January.

So, I'd&hellip

There's iPod, iPhone, social networking, YouTube, Hulu, texting, smart phones, filesharing.

Now -- there is something on the horizon that may be coming along within months -- certainly within the year -- that will pose a new threat to traditional media -- radio, television and the music industry.

It's a product that Apple is said to be working on right now.

Of course, Apple is tight lipped about anything in its pipeline, but the huge Apple underground says this product is most certainly on the way.

Maybe in June -- or the other traditional Apple product intro dates such as September or January.

So, I'd&hellip

What happens when you start charging more than 99 cents for a legal download on iTunes?

Well, if you're a record label you are convinced that it will make you a lot more money.

In theory, the big hits sell for more and the catalog items get a boost on the other side -- lower prices, more volume.

If you are Apple CEO Steve Jobs, you know that the 99 cent threshold is holy and cannot be breached but you eventually let the labels get their way after stonewalling them for years. After all, Jobs knows that most music is stolen not purchased and his company is going to continue to sell iPods, iTouches and iPhones no matter&hellip

What happens when you start charging more than 99 cents for a legal download on iTunes?

Well, if you're a record label you are convinced that it will make you a lot more money.

In theory, the big hits sell for more and the catalog items get a boost on the other side -- lower prices, more volume.

If you are Apple CEO Steve Jobs, you know that the 99 cent threshold is holy and cannot be breached but you eventually let the labels get their way after stonewalling them for years. After all, Jobs knows that most music is stolen not purchased and his company is going to continue to sell iPods, iTouches and iPhones no matter&hellip

What happens when you start charging more than 99 cents for a legal download on iTunes?

Well, if you're a record label you are convinced that it will make you a lot more money.

In theory, the big hits sell for more and the catalog items get a boost on the other side -- lower prices, more volume.

If you are Apple CEO Steve Jobs, you know that the 99 cent threshold is holy and cannot be breached but you eventually let the labels get their way after stonewalling them for years. After all, Jobs knows that most music is stolen not purchased and his company is going to continue to sell iPods, iTouches and iPhones no matter&hellip

The original say one thing and do exactly the opposite is being implemented with a passion at Clear Channel.

Publicly, President John Slogan Hogan is saying the company is all about local radio while he spearheads its replacement with nationally syndicated Repeater Radio.

Publicly, Hogan says local management gets to opt in to Repeater Radio ("Premium Choice") but there is no evidence these decisions are being made locally.

Publicly, Clear Channel has made a holy war out of promoting its "Less Is More" concept of fewer commercials, more music and better rates while secretly mandating its FM stations carry up to a&hellip

The original say one thing and do exactly the opposite is being implemented with a passion at Clear Channel.

Publicly, President John Slogan Hogan is saying the company is all about local radio while he spearheads its replacement with nationally syndicated Repeater Radio.

Publicly, Hogan says local management gets to opt in to Repeater Radio ("Premium Choice") but there is no evidence these decisions are being made locally.

Publicly, Clear Channel has made a holy war out of promoting its "Less Is More" concept of fewer commercials, more music and better rates while secretly mandating its FM stations carry up to a&hellip

The original say one thing and do exactly the opposite is being implemented with a passion at Clear Channel.

Publicly, President John Slogan Hogan is saying the company is all about local radio while he spearheads its replacement with nationally syndicated Repeater Radio.

Publicly, Hogan says local management gets to opt in to Repeater Radio ("Premium Choice") but there is no evidence these decisions are being made locally.

Publicly, Clear Channel has made a holy war out of promoting its "Less Is More" concept of fewer commercials, more music and better rates while secretly mandating its FM stations carry up to a&hellip

Perhaps they do this in your state, but where I live they put these signs up adjacent to highway construction projects that say "Your Highway Taxes At Work".

In some states they even fill in a time line to let you know how everything is progressing.

I got to thinking that radio consolidators ought to adopt the same practice to let the whole world know how their many cutbacks and firings are affecting the radio industry.

Of course, they would never do that.

But I would.

So, here is some of the residue of the slicing and dicing that has thinned the ranks of talented radio people and introduced such economies&hellip

Perhaps they do this in your state, but where I live they put these signs up adjacent to highway construction projects that say "Your Highway Taxes At Work".

In some states they even fill in a time line to let you know how everything is progressing.

I got to thinking that radio consolidators ought to adopt the same practice to let the whole world know how their many cutbacks and firings are affecting the radio industry.

Of course, they would never do that.

But I would.

So, here is some of the residue of the slicing and dicing that has thinned the ranks of talented radio people and introduced such economies&hellip

Perhaps they do this in your state, but where I live they put these signs up adjacent to highway construction projects that say "Your Highway Taxes At Work".

In some states they even fill in a time line to let you know how everything is progressing.

I got to thinking that radio consolidators ought to adopt the same practice to let the whole world know how their many cutbacks and firings are affecting the radio industry.

Of course, they would never do that.

But I would.

So, here is some of the residue of the slicing and dicing that has thinned the ranks of talented radio people and introduced such economies&hellip

If you had any doubts that radio is going to lose its long-standing music royalty exemption, consider this.

National Association of Broadcasters CEO David Rehr resigned yesterday.

Yes, that David Rehr -- who heads the lobby group that represents radio broadcasters.

The David Rehr who is fighting for truth, justice and the no-way-we-pay battle to preserve radio's exemption.

For the record, radio pays enough fees to musicians and publishers.

It is absolutely ridiculous that the music industry is demanding more. Yes, I know they are in a bad way. But so is radio. And the fact remains, without the radio&hellip

If you had any doubts that radio is going to lose its long-standing music royalty exemption, consider this.

National Association of Broadcasters CEO David Rehr resigned yesterday.

Yes, that David Rehr -- who heads the lobby group that represents radio broadcasters.

The David Rehr who is fighting for truth, justice and the no-way-we-pay battle to preserve radio's exemption.

For the record, radio pays enough fees to musicians and publishers.

It is absolutely ridiculous that the music industry is demanding more. Yes, I know they are in a bad way. But so is radio. And the fact remains, without the radio&hellip

If you had any doubts that radio is going to lose its long-standing music royalty exemption, consider this.

National Association of Broadcasters CEO David Rehr resigned yesterday.

Yes, that David Rehr -- who heads the lobby group that represents radio broadcasters.

The David Rehr who is fighting for truth, justice and the no-way-we-pay battle to preserve radio's exemption.

For the record, radio pays enough fees to musicians and publishers.

It is absolutely ridiculous that the music industry is demanding more. Yes, I know they are in a bad way. But so is radio. And the fact remains, without the radio&hellip

Back in the days when this picture was taken, I had already had the good fortune of meeting three gentlemen that would have an influence on my career.

There was Phil Stout and Marlin Taylor and, of course, Jerry Lee the then general manager of a shitty little FM signal at 101.1 on the dial that was not WCBS-FM.

They broadcasted from the Germantown Bank Building at Germantown and Chelten -- the studio/offices were so small the mice were hunchback.

The station was called WDVR -- strings and things instrumental music station and along with its engineer-owner, the late Dave Kurtz, went on to be one of the most prolific&hellip

Back in the days when this picture was taken, I had already had the good fortune of meeting three gentlemen that would have an influence on my career.

There was Phil Stout and Marlin Taylor and, of course, Jerry Lee the then general manager of a shitty little FM signal at 101.1 on the dial that was not WCBS-FM.

They broadcasted from the Germantown Bank Building at Germantown and Chelten -- the studio/offices were so small the mice were hunchback.

The station was called WDVR -- strings and things instrumental music station and along with its engineer-owner, the late Dave Kurtz, went on to be one of the most prolific&hellip

Back in the days when this picture was taken, I had already had the good fortune of meeting three gentlemen that would have an influence on my career.

There was Phil Stout and Marlin Taylor and, of course, Jerry Lee the then general manager of a shitty little FM signal at 101.1 on the dial that was not WCBS-FM.

They broadcasted from the Germantown Bank Building at Germantown and Chelten -- the studio/offices were so small the mice were hunchback.

The station was called WDVR -- strings and things instrumental music station and along with its engineer-owner, the late Dave Kurtz, went on to be one of the most prolific&hellip

As if the radio industry doesn't have enough trouble -- mostly of its own making -- here comes more trouble it never asked for.

Two patent holders in Tyler, TX are alleging that 13 radio groups have infringed upon their patent that provides the technology to insert different commercials in radio's otherwise similar terrestrial streams when aired on the Internet.

This technology was reportedly being marketed by Ando Media out of Quincy, MA.

Interestingly enough, Ando is not mentioned in this massive lawsuit.

Instead, there are two Texas lawyers (Danny L. Williams and J. Mike Amerson) who have decided to go after&hellip

As if the radio industry doesn't have enough trouble -- mostly of its own making -- here comes more trouble it never asked for.

Two patent holders in Tyler, TX are alleging that 13 radio groups have infringed upon their patent that provides the technology to insert different commercials in radio's otherwise similar terrestrial streams when aired on the Internet.

This technology was reportedly being marketed by Ando Media out of Quincy, MA.

Interestingly enough, Ando is not mentioned in this massive lawsuit.

Instead, there are two Texas lawyers (Danny L. Williams and J. Mike Amerson) who have decided to go after&hellip

As if the radio industry doesn't have enough trouble -- mostly of its own making -- here comes more trouble it never asked for.

Two patent holders in Tyler, TX are alleging that 13 radio groups have infringed upon their patent that provides the technology to insert different commercials in radio's otherwise similar terrestrial streams when aired on the Internet.

This technology was reportedly being marketed by Ando Media out of Quincy, MA.

Interestingly enough, Ando is not mentioned in this massive lawsuit.

Instead, there are two Texas lawyers (Danny L. Williams and J. Mike Amerson) who have decided to go after&hellip

Chrysler is doing it.

Why not Clear Channel?

You heard last week that Chrysler was nudged into bankruptcy by the Obama Administration so it can pursue a do-or-die alliance with the Italian automaker, Fiat.

In essence the plan allows the United Auto Workers (the union) through their retirement plan to take control of Chrysler with Fiat and the U.S. government as minority partners.

The government will lend another $4 billion to Chrysler to ease the transition (above the original $8 billion). It's a no lose for the autoworkers who now have their pension guaranteed by the government.

The employees are&hellip

Chrysler is doing it.

Why not Clear Channel?

You heard last week that Chrysler was nudged into bankruptcy by the Obama Administration so it can pursue a do-or-die alliance with the Italian automaker, Fiat.

In essence the plan allows the United Auto Workers (the union) through their retirement plan to take control of Chrysler with Fiat and the U.S. government as minority partners.

The government will lend another $4 billion to Chrysler to ease the transition (above the original $8 billion). It's a no lose for the autoworkers who now have their pension guaranteed by the government.

The employees are&hellip

Chrysler is doing it.

Why not Clear Channel?

You heard last week that Chrysler was nudged into bankruptcy by the Obama Administration so it can pursue a do-or-die alliance with the Italian automaker, Fiat.

In essence the plan allows the United Auto Workers (the union) through their retirement plan to take control of Chrysler with Fiat and the U.S. government as minority partners.

The government will lend another $4 billion to Chrysler to ease the transition (above the original $8 billion). It's a no lose for the autoworkers who now have their pension guaranteed by the government.

The employees are&hellip

It seems that almost daily we witness another miscalculation by the CEOs running the radio industry (into the ground).

And, another missed opportunity.

The New York Times Thursday reminded the business world that radio's largest consolidator, Clear Channel, has a critical cash flow issue. And the article deals with whether Lee & Bain should have spent $20 billion for the company in the first place.

Now I'm thinking that we have at least two tragedies here.

One, that so many talented people in many radio companies have been let go or compromised (more work than they can handle).

And the other is, the&hellip

It seems that almost daily we witness another miscalculation by the CEOs running the radio industry (into the ground).

And, another missed opportunity.

The New York Times Thursday reminded the business world that radio's largest consolidator, Clear Channel, has a critical cash flow issue. And the article deals with whether Lee & Bain should have spent $20 billion for the company in the first place.

Now I'm thinking that we have at least two tragedies here.

One, that so many talented people in many radio companies have been let go or compromised (more work than they can handle).

And the other is, the&hellip

It seems that almost daily we witness another miscalculation by the CEOs running the radio industry (into the ground).

And, another missed opportunity.

The New York Times Thursday reminded the business world that radio's largest consolidator, Clear Channel, has a critical cash flow issue. And the article deals with whether Lee & Bain should have spent $20 billion for the company in the first place.

Now I'm thinking that we have at least two tragedies here.

One, that so many talented people in many radio companies have been let go or compromised (more work than they can handle).

And the other is, the&hellip