It's hard to know for sure how the Oracle of Omaha, Warren Buffett, would run a radio conglomerate.
You might point out that Buffett has resisted the temptation of buying a radio group.
Certainly, stations were overpriced when consolidation came along (post-1996) and Buffett likes a bargain. Owning radio stations still is very expensive even without a future beyond Gen X and Baby Boomers. If and when Bain Capital (which got $1.5 billion in concessions from Home Depot recently) shaves some money off its Clear Channel purchase price, Clear Channel principals will still be seeing a lot of profit.
Assuming the banks still&hellip
Recent Posts
- Inside iHeart’s Barter Machine
- The Audience That Stayed
- Foreigners to Radio’s Rescue
- Should Radio Demand a Button on the Digital Dashboard?
- What Everyone Is Missing at Cumulus
- Independent Owners Retirement Crisis
- Are Beasley’s Major Markets Next
- The Plan for Westwood One
- Listener Supported Commercial Stations
- Bye Bye Market Managers