Why is it that when a company spends $2.7 billion to do a complicated buyout of an old radio company everyone thinks they are good investors?
Am I the only one who looks at Citadel's purchase of ABC as a colossal overpayment for radio stations with an aging audience and a questionable future.
I don't mean this as criticism of the programming people and managers who have made ABC one of the most profitable radio groups. It's just that their time is up. Their stations are not going to win the future generation and yet Citadel gets backing to do the ABC deal based on a lot of good yesterdays.
I'm not naive. I know why&hellip
- Cox Media Group Came Within Days of Being Sold
- Cumulus Fears Takeover Bid
- Beasley Is Next
- The Hole in the Market for Radio
- No Rush to Pay iHeart’s Debt
- What Soros Wants by Buying Audacy’s Debt
- Young Demos and Podcasting
- SiriusXM Is Retreating from Cars
- Investors Turn Negative on Cumulus
- Investor Trying to Block Audacy Bankruptcy