Oops, They Did It Again!

So Citadel is in the process of buying ABC Radio in a complicated deal only a lawyer or financial wiz like Citadel CEO Farid Suleman could love. The deal has been languishing in lawyers offices for almost a year and now comes the word that ABC is cutting costs in anticipation of the closing. Do these folks not get it? ABC was a once great group of radio stations that Disney lost the will to operate. You don't "uninvest" in your product to grow it. You invest in it. So now the winning formula for running radio stations (I am being sarcastic here) is cut costs. Duh! Where has that gotten radio since 1996 when the&hellip