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1. How long can Alpha remain a going concern now that its refinancing bid has been rejected.
2. Is it terminal or is there a rescuer out there.
3. Why the careers of Alpha employees are now at risk.
4. Can the company be sold at a lower price.
5. How Alpha’s debt problem will be resolved and what that will look like.

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1. What Liberty really wants from this $1.1 billion takeover bid and it’s not 850 plus stations.
2. Why even lenders and venture capitalists are missing what Liberty’s purchase of iHeart is likely to do with Pandora that is never discussed publicly.
3. Bondholders and lenders are all in on the Liberty rescue plan – but is iHeart?
4. What angry bondholders have on Lee & Bain that could cause a lot of costly lawsuits.
5. Liberty & Bob Pittman in cahoots?  What’s in it for both of them to make this happen.

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1. Liberty’s Eleventh Hour stealth move to buy lenders and bondholders out – here’s their next move.
2. Will iHeart owners Lee and Bain go for this deal or sink the company into bankruptcy to prevent this surprise John Malone sneak attack?
3. How does SiriusXM fit into this mega terrestrial radio takeover.   And Pandora, 19% of which is owned by Liberty.
4. Bet on this person to run the new mega-company.
5. If this takeover happens, it changes everything for Entercom, Cumulus and the smaller operators in ways they never anticipated – here’s how.

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1. What’s up with Emmis – which markets get sold next or do they?
2. Their stock closed up almost 20% Friday -- what the market is sensing.
3. Unpacking their recent St. Louis sell-off – the real multiples, how the buyers came together, what else Emmis got.
4. The status of Emmis’ debt problems that led to these asset sales.
5. Best look at the new Emmis.

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1. More cleansing of existing CBS management is on the way – where it’s happening now and how extensive will it be.
2. David Field is $75 million short of his promise to lenders for additional cost efficiencies – here’s how he thinks he can find a huge savings like that.
3. Revised benefits are in play now that Entercom has so many more employees – what they are thinking.
4. Paychecks with nothing in them – it happened in numerous markets including some majors – how Entercom made it worse.
5. Now it is known – specifically who will have the safest jobs at Entercom.

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1. One week from today, iHeart will be in bankruptcy.  Here’s what that will look like.
2. iHeart has the money so why is it voluntarily submitting to bankruptcy?
3. Prepare for asset sales – here is the first thing to go.
4. Meanwhile iHeart has become more vulnerable to competitors – where they are getting weaker.
5. The court will likely give iHeart the chance to make management decisions. Here are the first cuts they will make under the cover of bankruptcy.

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1. The latest move to bail Alpha out failed last Friday.  Here’s what went down.
2. Now something has to give real quickly. These are the four rescue options and their potential repercussions.
3. Larry Wilson will pay a high price to stay afloat – here’s what “high price” means.

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Join our group and access today’s story about the sale of 34 Scripps stations gone bad, the past week’s stories and everything in our archives (3,859 articles).

The Dickey Cumulus Hostile Takeover

The Entercom Management Fail

iHeart’s Bully Bankruptcy Move

A Second Cumulus Bankruptcy

Cumulus Rate War Against Competitors

Cumulus Orders More Trade

The iHeart Breakup

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CONTENTS …

• Status of Lew Dickey’s hostile takeover plans
• Jeff Marcus and Mary Berner’s “prevent” defense
• The way lenders are leaning because they are the ones who have to choose
• The list of other candidates interested in taking over Cumulus
• The real timeline not the one being touted publicly
• Changes in how Cumulus will be run until they emerge with a new owner

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• Why is the Entercom management structure imploding – already?
• How Entercom’s sports radio franchise is being mismanaged and what they are going to have to do about it.
• The meltdown in Boston – big advertisers bolting. Trouble in Philly. A neutered program exec.
• Why CBS holdovers are livid at David Field.
• The rising new program director at Entercom.

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            iHeart’s Bully Bankruptcy Move Backfires

            A Second Cumulus Bankruptcy

            Cumulus Rate War Against Competitors

            Newspapers Buying Radio Stations

            Cumulus Orders More Trade

            The iHeart Breakup

            Cumulus Management Consolidation      

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Future now in doubt as debtholders call iHeart’s bluff

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List of all stories for the past year – Scroll through

Inside a Second Cumulus Bankruptcy

• The scenario for another Chapter 11 filing soon after the first ends.
• How Cumulus is keeping lenders completely in the dark. They don’t see it coming.
• How Cumulus is actively trying to prevent a hostile takeover offer.
• What happens to Mary Berner in a second bankruptcy.

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• How a competitor caught Mary Berner authorizing huge rate discounts on the very day she called out the radio industry at CRS for dropping rates.
• New Cumulus rate discounts that are so low they sent a shock wave to competitors.
• The competitor that directly asked Mary Berner to stop cutting ad rates.
• And, you won’t believe Berner’s response.
• Details of the biggest Cumulus ad giveaway on it’s number one station.
• What corporate is telling market managers they must now accept for ad deals leaving competitors helpless.
• A big related issue between program directors and Mike McVay.
• The low ball Cumulus ad package, rates, times – all the details.

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            Newspapers Buying Radio Stations

            Cumulus Orders More Trade

            The iHeart Breakup

            Cumulus Management Consolidation

            Alpha – Dead Man Walking

            iHeart & Cumulus – Big Plans After Bankruptcy

            Radio Groups Likely To Sell Or Buy

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INSIDE … 

• Yes or no, will you be working for a newspaper chain now that they can buy radio stations? 

• Why the current prediction about newspaper owners is way off. 

• How the glut on stations and radio groups on the block (i.e., Townsquare, Scripps, et al) will impact newspaper companies getting into radio. 

• BTW – here’s WTMJ’s likely buyer (and this buyer is not a newspaper).
• How a potential new group of buyers will impact selling prices of stations.

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Talk to Jerry privately here.

See other stories here

INSIDE … 

• The corporate memo that left market managers in disbelief – printed here.
• Why push for trade when sales are needed? – here’s the answer.
• Startling revelation about Cumulus first quarter pacing.
• What Cumulus is not telling bankruptcy court about how it does business.
• Deep troubles at Westwood One that threaten NFL & NCAA rights.

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Talk to Jerry privately here.

See a complete list of previous stories here

Get access to this story about the iHeart breakup that follows bankruptcy.

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• Cumulus Management Consolidation 

• Alpha – Dead Man Walking 

• iHeart & Cumulus – Big Plans After Bankruptcy 

• Radio Groups Likely to Sell or Buy

• Entercom Local Sales Ploy

• Scripps Station Sell-off

• 2^nd Bidder for Cumulus Takeover 

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Why it matters – Cumulus is awarding contract extensions and bonuses to Mary Berner’s publishing pals (and negotiating her own no-cut extension) while reducing air staffs, programming and sales and now – management.

Deadly honest – Who the SOB is behind these cuts / which managers are going to get popped / preview of the new Cumulus management hierarchy.

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A new subscription also unlocks these articles (plus 3,851 more) …   

• Alpha – Dead Man Walking

• iHeart & Cumulus – Big Plans After Bankruptcy

• Radio Groups Likely to Sell or Buy

• Entercom Local Sales Ploy

• Scripps Station Sell-off

• 2^nd Bidder for Cumulus Takeover 

• The Cumulus Talent Dump

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A new subscription also unlocks these articles (plus 3,850 more) …   

• iHeart & Cumulus – Big Plans After Bankruptcy 

• Radio Groups Likely to Sell or Buy

• Entercom Local Sales Ploy

• Scripps Station Sell-off

• 2^nd Bidder for Cumulus Takeover

• The Cumulus Talent Dump 

• Entercom Purge of CBS Radio

Complete list of all stories for the past year here

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Become a NEW SUBSCRIBER and begin with IHRT & CMLS – Big Plans After Bankruptcy here.

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• Which one gets broken up – or do both?
• What markets will be sold first – some big surprises here.
• Dickey is hovering over Cumulus, who is looking to takeover iHeart?
• How working at both iHeart & Cumulus will change in ways never seen before in radio.
• How the iHeart bankruptcy will totally disrupt its competitors.
• How long will it really take to resolve these two bankruptcies.
• How about an honest answer: what is business as usual?

A new subscription also unlocks these full articles …     

            Radio Groups Likely to Sell or Buy

            Entercom Local Sales Ploy

            Scripps Station Sell-off

            2^nd Bidder for Cumulus Takeover

            The Cumulus Talent Dump

            Entercom Purge of CBS Radio

            Mary Berner vs. Randy Michaels 

Your new subscription includes access to every article for the past year and 3,849 in our archive like these (scroll through/latest first). Everything.

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