Another one bites the dust? not really, but the bankrupcy filing by #3 radio consolidated radio company Citadel may mean more firings, according to InsideMusicMedia.com and InsideRadio.com's Jerry del Colliano -- a straight-talking insider and USC prof. He's such a thorn in big radio's side that #1 biggie Clear Channel created a website to make fun of him called InsideInsideRadio.com -- which doesn't seem to exist anymore...
Anyway make sure to check out RadioSurvivor.com's post about Jerry and his correct prediction about Citadel's fall. including their own view that the Citadel situation is a fallout from the Telecom Act 1996 which opened the door for massive radio consolidation...
Jerry says look out for CC layoffs around Christmas and for similar action from #2 radio owner, Cumulus, also facing financially tough times:
“Cumulus will continue its methodical execution of broadcast careers and work around-the-clock if necessary to get the company to become a simple series of towers and transmitters that can be virtually programmed by Atlanta, marketed through Harvard-style new age cockamamie radio sales logic and run on the cheap by the few, the shamed, the Dickeys.”
On a lighter note, see RadioSurvivor.com holiday list for radio lovers -- think my daughter Genevieve might like the Hello Kitty Radio -- too bad there's no radio stations for toddlers, and for my ear, only schlock and right-wing rabble-rousing to listen to... there's always 88.3 jazz for comfort. and 89.5/KPBS is decent sometimes.
Also see the Golden Turkey radio award winners /losers. it's the CEO's for #1, #2 & #3 radio corps mentioned above -- for dragging their companies into the gutter. lots of great comments there too.
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Cumulus bought Suquehanna Radio with backing by financial firms including Bain and Lee -- those firms are the owners of Clear Channel too.
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