Everything CEO Bob Pittman has been doing lately is painting a picture of where Clear Channel is headed and it may not be where you think.
Why would Clear Channel extend once again the contract of the inept John Hogan to run its radio stations if they were serious about being in the radio business?
Hell, they’d hire a Dan Mason type.
The end is in sight for Clear Channel as you know it and hate it.
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1. How long before Bob Pittman exits? I’ll tell you the number of years he and his minions have.
2. What is now the end game for Lee and Bain, the investment bank owners of Clear Channel. You’ll see it more clearly after this.
3. Is all this iHeartRadio stuff really serious or just a distraction? And what’s up with that ad they bought for iHeartRadio on the CBS Evening News the other night? Is that where their concert going audience now spends their time?
4. Madonna’s flop that Clear Channel played at the top of each hour – and why Pittman’s partnership act has a limited life – very limited.
5. Debt and Acquisitions. Can Pittman refi $18 billion in debt? Will they buy something? What will it be? Or sell the entire company. Hint: I’m now convinced they are looking to sell the entire company and I’ll tell you when.
6. Losing key people. Clear Channel is keeping it quiet but I’ve got news for you about major personnel defections in a little market named New York and you’ll split your sides laughing when you hear who they went to work for. Don’t even try – you’ll never guess.
The answers begin here.
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