Okay... okay.
AIG took government aid and then paid $165 million to a handful of executives to retain them -- eleven left anyway. Great use of taxpayer money as the government props up the financial sector.
But Cumulus (and other consolidators) took their shareholder's money, delivered sub-par results, ran the stock into the ground ($1.02 as it closed yesterday) and -- continues to pay its top executives for failing.
If that's not a great example of radio's AIG, then I have another one for you.
Citadel.
Or Clear Channel, Regent, Radio One, Entercom -- the list is seemingly endless.
Morningstar, the&hellip
Recent Posts
- No iHeart AI DJs, BUT …
- Townsquare Consolidation Without Buying Stations
- The Invisible Digital Ads
- iHeart’s Convenient Gen Z Research
- iHeart’s Foreign Ownership Hall Pass
- Radio’s Self-Inflicted Markdown
- Cumulus’ Death Spiral
- Inside iHeart’s Barter Machine
- The Audience That Stayed
- Foreigners to Radio’s Rescue