Maybe the NAB is snickering and Ed Christian is high-fiving someone (although that's a tough picture to conjure up) because ding, dong satellite radio is dead.
Sirius XM is days away from hiding behind Chapter 11 bankruptcy protection to stall its $1 billion in debt payments due in the year ahead -- and keep Echostar (the TV people) from making a hostile takeover.
Well, wipe that smirk off your face -- terrestrial radio is next.
As I've been warning, the unthinkable is about to happen because radio CEOs have run their companies into the ground.
Just yesterday, Clear Channel drew down a mere $1.6 billion dollars&hellip
Recent Posts
- AI Insights from My NYU Music Business Class
- Cumulus Just Blinked
- Urban One’s Nuclear Option
- Inside iHeart’s “Guaranteed Human”
- iHeart Mismanagement Exposed
- The Trojan Horse Deal to Rope in Station Buyers
- iHeart Cooked the Essential AM/FM Car Study
- How iHeart Blew the TuneIn Deal
- The Perfect Buyer Waits for Cumulus
- Beasley Asset Sales Plausible