Radio Acquisitions: Cash for Clunkers

Now that there is a little bright light at the end of the economic rainbow, we will likely enter an era where consolidated radio groups -- hopelessly burdened with debt -- will be able to sell some of their stations.

It's happening already -- as witnessed by Larry Wilson's deal to steal the four-station Portland cluster from CBS Radio for $40 million to add to the two he acquired from Paul Allen for $11 million there.

Wilson, you may remember, founded Citadel and sold it to Forstmann Little, the people who then brought you Fagreed Suleman and the billion dollar acquisition of ABC which he then proceeded to run into the&hellip