This is the oddest thing when the #1 and #2 radio groups are struggling to survive but have to now worry about hostile takeovers.
It’s not speculation, it’s public with both having swallowed so-called “poison pills” to thwart interested private equity groups – iHeart as recently as late last week, Entercom a month earlier.
What’s worse is that other publicly-traded radio groups may have to take the same protective measures.
The stock price makes the value of radio companies so low even you and I could come up with the money.
Maybe that’s an exaggeration but it is surprising how little out of pocket cash would be necessary to steal radio’s biggest consolidators while they’re down and out.
- Audacy’s Troubled Bankruptcy Talks
- The Fix is in for Radio Boards of Directors
- A Surprising Winner in Post-Pandemic Radio Revenue
- Radio’s Cash Infusion Secrets
- One Side Ready to Blink in Audacy Bankruptcy
- What if Audacy Employees Threaten to Leave Unless Board Quits
- Unraveling at Urban One
- iHeart Trade/Barter Secrets
- New Cash Crisis at Audacy
- What iHeart Is Covering Up