Dickey To Strike In 3 Weeks

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  • What Lew Dickey’s new company is buying and you can take this to the bank.
  • The part Cumulus plays in all this
  • This is Lew’s first acquisition – what comes second?

A new subscription also unlocks these full articles …

            iHeart’s Secret Buyer

            $45 Million in Entercom Cutbacks Coming

            The Alpha Bankruptcy

            Why Investors Keep Buying Entercom

            Apple/iHeart Investment Rumors

            Market Manager Sues Cumulus

            Alleged Sex Harassment/Disability Issues at Entercom

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YouTube Is the New Radio

Radio is certainly having its trouble attracting new audiences and sustaining advertisers.

Satellite radio, as we mentioned recently, looks better on paper than it does in reality.

An expensive paid subscription service that provides less music discovery than, say, Spotify, is never going to gain traction with Millennials and the Gen Z youth that follow.

Network TV long ago lost its luster with young people who now define TV with the words “Netflix” or “Hulu”.

Times have changed and in the midst of that change is a major reordering of media priorities that cannot be ignored.

  • YouTube is the new radio – This is not sudden.  It’s been happening for many years now although you’d have to be watching teenagers to see the power of YouTube developing.  If you have children – teenagers – then you know YouTube is as potent an instrument as television was when it came on the scene.  But the fact that a video app can also be replacing radio takes a little further understanding.
  • A replacement for talk radio?
  • Pirate radio on YouTube
  • YouTube as a radio with no video
  • YouTube “stars” 
  • Where does this leave the future of radio when radio doesn’t have a competitive model for IP delivered audio?

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iHeart’s Secret Buyer

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And read these full articles …

            Entercom’s Coming Cutbacks

            The Silent Alpha Media Bankruptcy

            Investors Love/Hate With Entercom

            Will Apple Invest In iHeart?

            The SiriusXM/Pandora Mistake

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Another $45 Million in Entercom Cutbacks Coming

Summary

  • Revenue down 4% again, stock tanks to $6.85 – how CBS employees will pay with their jobs.
  • The only things that are working at Entercom were started by CBS – here’s the proof.
  • There is already a three-stage plan to start the cost savings – how it is spread out and when.
  • Things are so bad Entercom threatens to double down on the $110 million in cost synergies already promised.

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The Alpha Bankruptcy

It appears that Alpha is headed for the junk heap.

Larry Wilson is out – his plan to grow a live and local radio company ran into the reality that he could never take Alpha public with a market increasingly disinterested in radio.

Yet there is a fascinating set of circumstances that could augur an outcome where the leading lender and the company employees could emerge better off than their founder. 

Subscribers get INSTANT ACCESS here.

Become a NEW subscriber and begin with The Alpha Bankruptcy here. 

And read these full articles …

            Why Investors Keep Buying Entercom

            Apple/iHeart Rumors

            Fired Market Manager Sues Cumulus

            Sexual Harassment Allegations At Entercom

            Entercom’s Operational Problems

Plus every article for the past year and 4,041 in our archive like these (scroll thru/latest first) for annual subscribers.

For 27 cents a day, join the thousands of members who read Inside Music Media -- insightful, deadly honest and informative.

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