And, the Radio Bankruptcies Just Keep on Coming

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