Okay... okay.
AIG took government aid and then paid $165 million to a handful of executives to retain them -- eleven left anyway. Great use of taxpayer money as the government props up the financial sector.
But Cumulus (and other consolidators) took their shareholder's money, delivered sub-par results, ran the stock into the ground ($1.02 as it closed yesterday) and -- continues to pay its top executives for failing.
If that's not a great example of radio's AIG, then I have another one for you.
Citadel.
Or Clear Channel, Regent, Radio One, Entercom -- the list is seemingly endless.
Morningstar, the&hellip
Recent Posts
- Radio’s Angry New Lender/Owners
- Nielsen’s Predictive Ratings
- Radio Stations Are Cheap. Should You Buy One?
- What’s Really Going on with iHeart & SiriusXM
- The Erosion of Radio’s Digital
- The Unintended Consequences of the CBS Radio News Shutdown
- The Major Market Selloff
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?