The Future of Distressed Radio

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.


Cumulus CEO Search

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.


Entercom on Hold

If one thing best describes Entercom since its merger with CBS Radio, it is shrinkage.

David Field’s promised EBITDA to Wall Street was and is nowhere near $400 million.

It’s hard to deny that CBS Radio is a mere shadow of its former self.

An estimated $60 million in cutbacks with approximately $40 million is coming.


This is starting to feel like an episode of Seinfeld.

Except David Field just blinked.

Read the full article now.


iHeart’s Bankruptcy Secret

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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Lew Dickey just bought a little-known digital company. Now his former radio competitors should be concerned.

They have radio burdened with debt. He just bought a digital streamer that has no debt and has made money from day 1.  They need what he’s having.  Does Dickey need radio?



Fake Local is about to be replaced by personalized radio

Owners are on board with a new type of cost-cutting with a name (personalized radio) that seems as sacred as The Patriot Act.  What are they hiding?



The end of bankruptcy, the beginning of uncertainty at iHeart

To hear Bob Pittman tell it, they’ve survived bankruptcy and it is back to business as usual in a few more months.  For a guy who frequently enhances the truth, is he telling it this time?

Read more >>


#1 in Billboard with no radio airplay

This is a bad precedent that caught the radio industry sleeping at the wheel.  Study the way this unknown artist just recently went to the top of the album 200 without airplay or for that matter actual album sales.  Then don’t let it happen again because the record industry is watching.



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