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
- Bye Bye Market Managers
- iHeart’s Likely Buyer
- Townsquare’s Mounting Problems
- Deregulation in Trouble
- The Real SiriusXM/Audacy Distribution Deal
- Outbreak of License Forfeitures
- The Stations in Danger When De-Reg Resumes
- Why Beasley is Outperforming iHeart
- What Comes After Ratings, Downloads and Impressions?
- Cumulus’s FCC DEI Dilemma