An unintended consequence of the recession is that the companies that performed so poorly that they had to seek bankruptcy protection will live another day to screw up more radio stations.
That's what is a distinct possibility once Citadel clears the bankruptcy court sometime later this year.
Regent has already been given court approval to emerge from bankruptcy as early as this month.
Therefore, shareholders, employees and listeners have been officially screwed and these companies could be among the first to start buying more stations -- as incredible as it may seem.
That may be insane to you, but you and I&hellip
Recent Posts
- 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?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play