There are times when I can't tell which radio consolidator will go bankrupt first.
Clear Channel or Citadel.
Just recently Clear Channel's lenders were talking tough about letting the company go into Chapter 11. If that happened, the creditors would be making only pennies on the dollar.
Unfortunately, that may be their best deal. Pennies are better than nothing.
Now Citadel, the Fagreed Suleman radio group has dropped one shoe on the ground -- and you know what they say about the other one.
Now Citadel is covering its butt just in case they have bankruptcy on their mind.
After all, Citadel retained&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