How Hedge Funds Are Gutting Radio — Again

Radio’s decline over the past 25 years wasn’t an accident – it was a business model.

  • Hedge funds and private equity that have hijacked iHeart, Cumulus, Audacy and most recently Alpha continue to extract value even while their companies decline.
  • How iHeart, Cumulus, Audacy and Alpha plan to continue getting rich at radio’s expense with names and numbers and their end game.

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