The eyes almost popped out of my head when I was reading Inside Radio the other day.
Clear Channel Executive Vice President Andy Levin is quoted as saying, "changes to the radio ownership rule are once again necessary".
Oh, it gets worse than this.
America's biggest radio consolidator and arguably the company that had the most to do with pushing a once thriving business into the doldrums wants Congress to save it from itself. After all, radio consolidators were given a virtual monopoly with passage of the Telecommunications Act of 1996 and they still couldn't make it pay off.
Shareholders are looking at&hellip
- iHeart Suspend Benefits, Entercom Fires Part-Timers
- Low on Money, iHeart Readies More Mass “Dislocations”
- Lee Abrams: AM/FM Slowly Destructing
- Cumulus Teetering on Another Bankruptcy
- Multi-Group Layoffs Start Within a Week
- Entercom’s Local Revenue Crisis
- Cumulus Stuck Paying $13 Million for No Baseball Games
- Cumulus Signaling Coronavirus Cutbacks
- Entercom Panics, Mass Layoffs Begin
- The iHeart, Entercom, Cumulus, Townsquare Big Surprises