Townsquare Adrift

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  1. How investors are now looking at Townsquare’s future.
  2. With virtually no options to sell, how will Townsquare now operate.
  3. They’ve been acting like the company is off the market – is that true?
  4. Something is fishy with expenses at Townsquare – here’s what’s scaring investors and lenders.
  5. Three radio groups that could be acquired ahead of Townsquare – in order of availability making Townsquare’s exit options almost impossible.

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Entercom’s Real Problems

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  1. You know a merger is in trouble when you do this – what radio’s money people say Entercom is doing that doesn’t bode well.
  2. Not U.S. Traffic, not 6 format flips – what’s wrong with Entercom/CBS that it is losing money already.
  3. David Field is still blaming the CBS stations – the detrimental effect it is having on revenue.
  4. Will the merger pay off by mid-2019 when Entercom will have operated the CBS stations for one full year.
  5. Heads could roll – some could be shockers.
  6. What Entercom is now saying about cost synergies last promised at $110 million.

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Cumulus Lenders Blindsided

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  1. Sources close to Cumulus say lenders expecting a new beginning when bankruptcy ends in June are in for a rude awakening – here’s why.
  2. Amazing as it may seem, how even the bankruptcy judge is reportedly not aware of the rapidly declining EBITDA problem.
  3. The evidence as to why a second bankruptcy will be necessary even if a new owner takes over.
  4. The status of the Lew Dickey hostile takeover bid as of last week.
  5. The one scenario under which Mary Berner can save her job and keep the company – it comes down to this.

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$72 Million More in iHeart Bankruptcy Bonuses

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  1. Over 700 bonuses in a scheme to mislead the bankruptcy court.
  2. Which iHeart employees are among the lucky 700.
  3. Cumulus just got away with the same thing – what are iHeart’s chance of getting a bankruptcy court to go along with their ruse.
  4. iHeart is a company that hasn’t give raises in many, many years – here’s how they changed their tune in a court document.
  5. What happens to the lenders, unsecured bondholders, vendors and others who are facing large losses in bankruptcy.

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Shakeup at SiriusXM, Pandora

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  1. How Liberty Media’s ambition to takeover iHeart is driving synergistic cost savings ahead of any merger.
  2. Big cuts at Pandora in which Liberty has a sizeable ownership investment.
  3. Something is up with SiriusXM ad sales, big changes.
  4. Enticing new ways Liberty could use Katz, Premiere, Pandora and SiriusXM together against traditional radio groups.
  5. How if Liberty follows through Westwood One and Entercom’s new audio network are all but toast.

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