Clear Channel's latest managers meeting has produced the industry's biggest bait-and-switch plan to nationalize and regionalize its programming to save money.
The company is burning through cash at a record pace and the largest radio consolidator, now owned by Lee Capital Partners and Bain Media, has resorted to selling snake oil to the public, federal regulators and lawmakers.
Under the guise of producing better radio, Clear Channel has announced a quality improvement plan.
As Inside Radio put it, "CC PD's to Focus on Quality".
That's really odd because Clear Channel PDs had no problem focusing on quality&hellip
Recent Posts
- What’s Really Going on with iHeart & SiriusXM
- 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