At end of the first decade of the 21st century there are more audio entertainment options available than any time before. Even if traditional broadcast radio has a case of the doldrums, the viability of radio-like media has never been stronger. Satellite radio is one medium that entered the scene, although its long-term prognosis is […]
At the start of the decade the nation’s largest owner of radio stations, Clear Channel Communications, was flying high with a stock price over $90 a share in January, 2000. While public interest advocates and media reformers continued to batter the company with criticism over its tactics, Wall Street was still in love with the […]
On Friday the Wall Street Journal reported news that’s no surprise to radio industry watchers, that the third largest radio owners in the country, Citadel Communications, is about to declare bankruptcy in a deal pre-arranged with its creditors. The loudest critic of Citadel has been industry-insider Jerry Del Colliano who predicted last week that the […]
Cautious optimism abounds for the economic outlook, with the Federal Reserve predicting that the Great Recession is “leveling out.” Financial markets are improving, the Fed says. Household spending is “stabilizing.” Businesses are realigning inventory with sales. Thus “market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.” […]
It was definitely a feel good moment last week when Clear Channel announced that it plans to donate four radio stations to the Minority Media Telecommunications Council. The MMTC says it will work with the National Association of Broadcaster’s Leadership Training Program to “use the stations for training and to incubate new minority and women […]
The commercial radio industry’s reaction to last week’s Boston Globe article reporting on the relative dearth of young listeners can be fairly summed up, as “Nuh uhhhh! Not true!” Despite radio’s collective denial, I had this reality reaffirmed for me this past Friday. I had the opportunity to speak with a group of high school […]
The irony would be so delectable if it weren’t for the 1033 unfortunate drivers whose cars were stuck in the mud, many of which were totaled and not returned for over a week. As Jerry Del Colliano reports at Inside Music Media, a Clear Channel station in Grand Rapids, MI threw its annual B93 Concert […]
Sometimes you have to hand it to the financial press, there’s nothing like a little money to make them believe in old fashioned values, like localism, again. Any keen observer of the commercial radio landscape knows that right now the nation’s largest radio station owners are certainly not making money. But, as the Wall Street […]
