- Brendan Carr’s FCC is acting out its solution to radio bankruptcies that are approved too quickly – think Audacy – by vetting Cumulus’s mystery owners and slow rolling transfer of licenses.
- Cumulus is bleeding red ink coming off the worst quarter in memory so the FCC’s just-announced postponing the transfer of 393 station licenses potentially hampering the company’s future ability to survive.
- To be honest, no one knows who the new owners are at any given minute and as we’ve discovered even the FCC doesn’t know as of June 19.
- Is this a new trend or a one-off affecting just Cumulus? What about the speculative rumors that won’t go away about fears of a certain hedge fund in the wings ready to brutally gut Cumulus.
Subscribers get INSTANT ACCESS here.
Recent Posts
- Bye Bye Market Managers
- iHeart’s Likely Buyer
- Townsquare’s Mounting Problems
- Deregulation in Trouble
- The Real SiriusXM/Audacy Distribution Deal
- Outbreak of License Forfeitures
- The Stations in Danger When De-Reg Resumes
- Why Beasley is Outperforming iHeart
- What Comes After Ratings, Downloads and Impressions?
- Cumulus’s FCC DEI Dilemma