I hope the rumors are false.
I hope that Clear Channel is not about to deal hundreds of stations to one buyer creating an instant mini-Clear Channel.
Clear Channel is selling off its assets after running the shareholders value down and they are in the process of settling on a buyer for the majority of some 400+ stations they are looking to deal. These stations are obviously non-essential to their new plan which is to remain in the big markets once they've sold off these stations and other assets.
What's upsetting and probably not surprising is the prospect that one operator could pick up this critical mass of radio&hellip
Recent Posts
- Banks Shun Radio Station Loans
- Cumulus Preparing Another Round of Layoffs
- Entercom Faces Crucial Stress Test Audit
- $50 Million in iHeart Cutbacks Planned for Next Year
- iHeart Looks to Expand Total Traffic Network
- The Liberty/SXM Management Shakeup
- An Advanced Look at Radio’s 3rd Quarter Losses
- A Warning About an iHeart Bloodbath
- Monthly Layoffs Ahead at Entercom
- Entercom To Switch 2 Formats a Month to Satellite