For the past two years, the ranks of American radio stations have been reduced by thousands and thousands of people.
Consolidators who found that they could not repay the loans they took out to buy their stations had no other way to cut costs. After all, the biggest expense at a radio station is talent.
Of course, the biggest asset at a radio station is also talent.
So, consolidators like Clear Channel, Cumulus and Citadel devastated their local operations, invented
cheap ways to import networked, syndicated or voice tracked programming and while they were at it -- committed one more act of&hellip
- Everything is for sale in radio. So where are the buyers?
- The reason John Malone has to have iHeart. It's not for the radio
- Why Wall Street is hating on Beasley
- Lew Dickey's new company has a change of plans
- Liberty wants to add 2 more media mergers to the iHeart takeover
- CEOs publicly talk up radio’s future but secretly look to diversify
- Are any radio groups safe? These 3 are bullet proof
- Entercom really is in trouble and, yes, David Field could even lose the company
- Cumulus is now onboarding new people to fire a large number of existing employees
- While Cumulus was pivoting to digital, Westwood One just got hit with major defections