It has been my belief that the end game for Clear Channel (and eventually the other lesser consolidated radio groups) is to run phantom radio stations.
Lee Capital Partners and Bain Media overpaid for the once mighty radio and outdoor company fully expecting that they could initiate economies of scale and eventually turn the properties around for a nice profit.
Without a Plan B, Lee & Bain are initiating one of the largest and perhaps deadliest cutback plans that promises to reshape the radio industry.
Last week, the other shoe dropped.
While you were being fed happy talk about the gigantic size of the&hellip
Recent Posts
- Red Flags Flying at Townsquare
- Brutal Cumulus Firings
- Salem’s Liquidation Strategy
- Unnoticed Changes in Radio Audiences
- Why Urban One Can’t Keep an Accountant
- Digital Games Radio is Playing
- You May Have to Deal with AI-Driven Deregulation
- This Is What a Recession Looks Like in Radio
- What’s Going On in the iHeart Boardroom
- Rise of "TikTok-to-Podcast" Funnels