NTGH, thanks for the compliment. After 15 years in broadcasting- working "in the trenches" as a partner in 7 station turnarounds, working for the 15th largest radio company, and sitting on two broadcasting boards, I feel pretty comfortable with my credentials in the space.
I enjoy spirited discussions on the subject and have a thick skin. Hearing from the critics forces me to sharpen my positions, and frankly makes me better at what I do.
No one has the answer, but everyone has good ideas.
Excellent points guys, but i am in no way advocating syndicated fare as the future. I said for companies not able to develop and own their own local content, syndication would be crucial in the future because they will never be able to compete purely on music choice.
As for CCU, I always find it interesting that the industry gets painted with that one very wide brush. There are a lot of good radio companies out there doing a complete 180 from the CCU model. CCU just happens to get all the attention.
Is Clear Channel Deal Collapse Tied to Radio Merger? [View article]
Interesting speculation. Could be a factor into their desire to get heavier in the space.
Bain and TH Lee already own 25% each of Cumulus Media Partners, so they have a pretty sizable interest in the sector already.
You are definitely right, the radio industry is now a mixture of terrestrial, satellite, and internet... each with its own strengths, all vying for market share.
What a difference a day makes.... the Wall Street Journal reports after the market closed today that the CCU deal is "close to collapse" as the private equity groups and lenders can not come to terms on the credit agreements.
I have a feeling that should this ultimately close someone will be making a movie of this one day to rival the RJR buyout saga.
The Radio and Recording Industries' Unnecessary Roughness [View article]
Great points 158984. With respect to your comment about the history of this controversy, you are right not much has been openly debated about this in the recent years which is why it was immediately dimissed by the industry as nonsense. However, this issue has its roots as far back as 1930. There are a lot of resources online that go through the legal history of the matter, and if you want please email me and I can give you a great piece compiled by an FCC Counsel that goes through it case by case.
Again, the crux of my comments were not so much aimed at who's right, who's wrong, but rather the missed opportunity of the radio industry to better its own hand by volutarily revisiting an ailing business partnership.
The Radio and Recording Industries' Unnecessary Roughness [View article]
Special thanks to the editors at Radio-Info.com for featuring it on their site as well. Great resource for anyone wanting a deeper look into the radio biz.
The Evolution of Terrestrial Radio [View article]
I enjoy spirited discussions on the subject and have a thick skin. Hearing from the critics forces me to sharpen my positions, and frankly makes me better at what I do.
No one has the answer, but everyone has good ideas.
Clear Channel Tender Delayed Again [View article]
www.marketwatch.com/ne...
Clear Channel Tender Delayed Again [View article]
www.radioink.com/Headl...
The Evolution of Terrestrial Radio [View article]
As for CCU, I always find it interesting that the industry gets painted with that one very wide brush. There are a lot of good radio companies out there doing a complete 180 from the CCU model. CCU just happens to get all the attention.
Is Clear Channel Deal Collapse Tied to Radio Merger? [View article]
Bain and TH Lee already own 25% each of Cumulus Media Partners, so they have a pretty sizable interest in the sector already.
You are definitely right, the radio industry is now a mixture of terrestrial, satellite, and internet... each with its own strengths, all vying for market share.
Clear Channel Tender Delayed Again [View article]
I have a feeling that should this ultimately close someone will be making a movie of this one day to rival the RJR buyout saga.
online.wsj.com/article...
A Couples Quarrel: Clear Channel Buyout Finally Closing [View article]
Radio Value Opportunity Beckons: Calling Warren Buffett [View article]
The Radio and Recording Industries' Unnecessary Roughness [View article]
Again, the crux of my comments were not so much aimed at who's right, who's wrong, but rather the missed opportunity of the radio industry to better its own hand by volutarily revisiting an ailing business partnership.
Thanks again for the feedback.
Radio Industry Challenges and Opportunities [View article]
The Radio and Recording Industries' Unnecessary Roughness [View article]
Radio Earnings: Bleak Forecasts and Contrarian Plays [View article]
For Traditional Media, People Equal Profits [View article]
Always welcome feeback on my articles.
Radio Industry: Too Much Supply Means Too Little Profit [View article]
Special thanks to the editors at radio-info.com for also featuring it on their site.
Radio Companies: Untapped Value at Apocalyptically Low Levels [View article]