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
- Format Flips Are Alarmingly Increasing
- Townsquare Crushing iHeart in Miller Kaplans
- Ex-Audacy San Diego Employees Tell All
- Sellers Are Virtually Giving Away Their Stations
- Ex-Employee Outs Abusive Workplace at Audacy
- Owners Bailing on Radio as a Standalone Business
- The New iHeart Office Plans for 50% Staff Reduction
- 27 Audacy Employees Exit in One Market Alone
- iHeart: White People Need Not Apply
- Local Ad Growth Warning