Liberty/iHeart Merger Set to Weaken Competitors

  • Now that the DOJ has given Liberty the greenlight to buy up to 50% ownership of iHeart, the new satellite, streaming, podcasting, terrestrial radio and live events behemoth will target Beasley, Entercom, Cumulus, Saga and smaller operators.
  • None of Liberty’s potential competitors joined the public interest groups in fighting the DOJ’s approval – and now they will pay.
  • Liberty will pay down iHeart debt and then use a shrewd tactic to eliminate most local radio costs including programming, sales and management while competitors fail to keep up with their own debt payments and are forced to restructure.
  • The feared “Malone Bundle” will put pricing control for the entire radio industry squarely in Liberty’s hands.
  • And radio groups not named iHeart or Liberty will be frantically searching for non-radio merger partners – here’s what that looks like.

Read the full article now

Free samples of our work here.

Report Newstips confidentially in our Witness Protection Program here.

Talk to Jerry privately here.

Visit our website for more –