When banks own radio stations
Posted on September 2, 2009
Which will apparently be quite soon!
Those leveraged buy-outs that drove massive consolidation seem to have come back on the financiers with a vengence.
Which will apparently be quite soon! Those leveraged buy-outs that drove massive consolidation seem to have come back on the financiers with a vengence. Read about that here: When Banks Take Control of Radio, By Jerry Del Colliano So, wanna buy a radio station? Banks are numbers driven and love cash – with the consolidators out of the picture, a small station with limited resale potential could be an easy buy in a few months. No, we’ll never get a crack at an urban blow-torch, but a rural AM with restricted night power and a horrible P&L could proabaly be plucked from the portfolio for a bit of ready cash…
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