Clear Channel owns 1,150 radio stations and apparently can't seem to produce a stock price over $30 these days. That is until it announced intentions to pursue other options (like going private or selling assets). Not exactly a vote of confidence. And they're not alone, the other media companies are hurting (CBS Radio comes to mind. Notice they are selling not buying). My radio friends knew in 1996 that consolidation wasn't going to work. Yes, they heard that bigger is better and big companies can do better things for their audiences but they also knew that the consolidators' audience was about to become Wall Street not Main&hellip
Recent Posts
- The Company Cleaning iHeart’s Clock
- The End of Consolidation
- The Return of Payola
- iHeart Scraping Competitors’ Business
- The Hurry-Up Cumulus Bankruptcy Plan
- Urban One’s Managed Decline
- An Urgent Behind-the-Scenes Cumulus Pivot
- GM Secretly Taking Back In-car Entertainment
- The Podcast Reckoning
- Beasley’s Nepo Problem


