Never have so many pulled so hard for so few.
The lines are drawn -- the many people in the radio industry who are hoping that Clear Channel will actually sell off part of its conglomerate and take a small group of radio stations private vs. the few owners and Wall Street money people who hope for a large pay day today and another one down the line if they decide to sell off more assets later.
But shareholders are funny people especially when some of them owned Clear Channel stock in the $90 range and are now holding the same issues in the mid-30's. The Wall Street Journal last week did a piece on the showdown between&hellip
- iHeart Playing the Long Game on Selling Out
- Audacy & Cumulus Joining Forces
- Dropping Like Flies at Audacy Midwest
- Rough Times Ahead for Stations Using Ratings
- Cumulus Escalates Management by Fear
- Race to the Bottom on Ad Rates
- DIY Streaming DJs Threaten Radio
- Owners Rethinking the Viability of Conservative Talk
- Cox Employees Leaving for Audacy
- iHeart Accelerates Merging Clusters