All that talk about keeping Kim Guthrie and her team was just talk as we found out recently.
Then Apollo Global Management cleaned house and turned right to the Bain playbook.
But it’s even worse.
More resignations. More uncertainty. A new mission after paying $3.1 billion for the TV stations and reluctantly paying another half billion for radio.
The new owners seem to be ready to trade off consistent profits for an approach that concentrates on reducing debt.
They will transform the best run media company into what will soon look like iHeart and Cumulus all in one.
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