iHeart will probably file for bankruptcy once it drains the remaining assets in the company.
And Cumulus is in serious financial trouble – Lew is shrewd, John is the slacker who has ruined their programming.
But there are some radio groups that I don’t think are going to be here anymore.
Why do I say this?
Because they are acting like the groups that we know are headed for the exits.
Which big name group – one that no one would ever guess – is acting like a loser. Firing people days before Christmas and they aren’t even iHeartMedia. I think their end game is to get out of radio.
Or the company that buys shitty stations and unloads good ones – that can’t be a company that survives.
Then there’s the rather new group that is slashing costs. Do you smell a sale coming? Some of their employees do.
The smartest radio group of all has the best exit plan – I think you will agree.
The group that is busting at the seams to find a buyer – any buyer.
And still, there is one more group that may try to go public while everyone else is getting out.
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My 2015 Philly media conference – Last chance to register at 2014 prices.
- Preview the Deep Personnel Cuts for 2019
- The Cumulus Digital Contradiction
- Auditioning for Mary Berner's Job
- The Cumulus WGN Rumors
- iHeart's Bankruptcy Ball
- Half of Radio’s Workforce To Be Laid Off
- Liberty Media’s Brilliant iHeart Strategy
- Radio Companies on the Brink
- The Fraudulent iHeart Bankruptcy
- Berner: Everything is for Sale