Radio: Bluff It or Buffett

It's hard to know for sure how the Oracle of Omaha, Warren Buffett, would run a radio conglomerate.

You might point out that Buffett has resisted the temptation of buying a radio group.

Certainly, stations were overpriced when consolidation came along (post-1996) and Buffett likes a bargain. Owning radio stations still is very expensive even without a future beyond Gen X and Baby Boomers. If and when Bain Capital (which got $1.5 billion in concessions from Home Depot recently) shaves some money off its Clear Channel purchase price, Clear Channel principals will still be seeing a lot of profit.

Assuming the banks still&hellip