Nobody is making money in radio.

Unless you accept the new digital reality, radio’s impressive reach and free cash flow stream will no longer be enough to both pay debt and post significant profits.

Radio stations are becoming distressed properties.

That’s why it seems like almost every station is on the market right now with no buyers and fewer lenders.

Is this the time to buy into radio?

Read the full article now.

From the beginning of the Mary Berner regime there has been talk about if it could even be possible that a former publishing executive could turn around Cumulus Media.

She had no radio background and her time at Reader’s Digest was marked by two bankruptcies, one that she initiated and one that the board reluctantly refiled after she failed to turn the publishing giant around.

But Berner has lasted long enough to have her employment contract renewed, bonuses paid even with bankruptcy looming and a generous golden parachute agreed upon should she leave the employment of Cumulus.

And that’s the big question – will Berner stay or will she go?

One radio CEO has been IDed at reportedly pitching it and something appears to be up with the board.

Read the full article now.

I get that Bob Pittman has the credibility of a snake oil salesman.

But employees and anyone investing in or doing business with iHeart going forward are in for a big letdown and financial uncertainty.

Yes, the company is coming out of bankruptcy in a few months but as you’re about to read today all the company spin about a new iHeart is not going to happen.

Turns out Bain and iHeart made a big mistake and they are about to pay for it.

You wouldn’t admit this publicly, either, would you?

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            Lew Dickey’s New Non-radio Company

            iHeart’s Suitors

            #1 in Billboard with No Radio Airplay

            The Changing Station Buying/Selling Market

            Beasley’s Financial Troubles

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