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 […]
Television/Broadcast reports that a Wells Fargo analyst says third quarter earnings for most traditional broadcasters will probably match the horrific numbers we saw in the second quarter of this year: “Based on Q3 results and various pre-announcements reported by some traditional media companies thus far, we expect most pure-play broadcasters to report revenue declines similar […]
