Just after a day after #3 radio company Citadel goes bankrupt, now we have NextMedia going BR...(chapter 11 in a debt-for-equity swap that will give ownership to creditors). It owns outdoor advertising and 36 stations in various states including 2 in San Jose and 5 in my hometown Saginaw, MI (including the big talk radio stations WSGW). Once again blogger Jerry del Colliano is on top of things -- love the way he cuts the corporate speak to get down to the essentials:
"These are piranhas – they prey on growth industries, feed their borrowers by
reissuing loans at ever increasing rates of interest – loans that would make
Tony Soprano’s family envious.And as you heard in the Citadel bankruptcy you get
the usual assurances that there will be no more cutbacks and I finally believe
them – but I also believe in the Fairy God Mother (full disclosure)."
5 comments:
While we lose alternative voices in the media, there seems to be only one place where we can here some opposition to the right on a national media, Comedy Central, if they keep us in that corner, "Comedy" then it's ok.
While we lose alternative voices in the media, there seems to be only one place where we can here some opposition to the right on a national media, Comedy Central, if they keep us in that corner, "Comedy" then it's ok.
While we lose alternative voices in the media, there seems to be only one place where we can hear some opposition to the right on a national media, Comedy Central, if they keep us in that corner, "Comedy" then it's ok.
Well WSGW in Saginaw that you mentioned turned to the dark side long ago - I can't turn it on for fear of hearing Rush or hearing the formerly liberal hosts now touting right-wing talking points. As far as I can tell the only talk radio I have in mid-michigan is NPR and they won't accept or provide criticism of their corporate sponsors, anyway.
We need NEW radio. Or divested radio. Something different.
Jennifer
I dont have your email, but i figure this comment will ping you!
Congatulations!!
Mike
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