This is the start of the real selloff not the New York, LA and Atlanta station giveaways previously.
Financial problems continue to plague Cumulus.
Market managers are complaining about being strapped by cost-cutting.
Now we learn that the post-bankruptcy Cumulus owners consisting largely of lenders who took a haircut are done with a declining radio industry.
They want their money at all costs and employees are about to feel their urgency.
Recent Posts
- 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
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money