How Consolidation Could Have Worked

I never for even one minute thought radio consolidation would work right from the get go.

But, even I didn't believe radio consolidation would have turned out this bad.

Citadel is negotiating its debt covenant to avoid bankruptcy again even as I write this. Clear Channel's solvency is no slam dunk. And Cumulus, the other one of the big three consolidators, has one foot in the grave and the other on a banana peel.

It didn't have to be this way.

All the power didn't have to wind up in the hands of a few radio execs worshiping at the feet of Wall Street bankers. There could have been a "Plan B" just in case&hellip

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Generational Radio Changes

It used to be that when I went to the beach I saw -- and heard -- boom boxes blaring local radio stations. And those stations were great! Young DJs having fun on the radio.

Each year it is becoming harder to find a visible radio on the beach owned by anyone -- of any age.

The world is changing and I wonder sometimes whether the people running the radio industry are as interested in this important fact as they are trying to save their own necks.

As I warned a long time ago, Citadel seems on the brink of some type of bankruptcy reorganization despite the fact that it made a minor debt payment last week and held off&hellip

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Generational Radio Changes

It used to be that when I went to the beach I saw -- and heard -- boom boxes blaring local radio stations. And those stations were great! Young DJs having fun on the radio.

Each year it is becoming harder to find a visible radio on the beach owned by anyone -- of any age.

The world is changing and I wonder sometimes whether the people running the radio industry are as interested in this important fact as they are trying to save their own necks.

As I warned a long time ago, Citadel seems on the brink of some type of bankruptcy reorganization despite the fact that it made a minor debt payment last week and held off&hellip

Read More  FREE SAMPLES

7 Ways to Save Radio Now

The new National Association of Broadcasters CEO is going to be introduced to his constituents this week at the NAB's annual Radio Show in Philadelphia.

There is little time to waste righting the ship from the ravages of radio consolidation.

I know what you know about Gordon Smith, a former Republican senator from Oregon but if Bonneville's Bruce Reese had an influence in this choice -- after all, Reese headed the search committee -- then I am willing to cut Smith some slack and wish him the best of luck.

At the same time, I've got some suggestions for Smith -- a man whose roots are in radio -- that his new agenda at&hellip

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7 Ways to Save Radio Now

The new National Association of Broadcasters CEO is going to be introduced to his constituents this week at the NAB's annual Radio Show in Philadelphia.

There is little time to waste righting the ship from the ravages of radio consolidation.

I know what you know about Gordon Smith, a former Republican senator from Oregon but if Bonneville's Bruce Reese had an influence in this choice -- after all, Reese headed the search committee -- then I am willing to cut Smith some slack and wish him the best of luck.

At the same time, I've got some suggestions for Smith -- a man whose roots are in radio -- that his new agenda at&hellip

Read More  FREE SAMPLES