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View Diary: 4 progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptcies (21 comments)

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  •  Rush isn't causing all this. Never has. (4+ / 0-)

    Clear Channel has been in a downfall for years before the Rush incident. They have been running on borrowed time as far back a the 2000's. Bain has been trying to sell CC for years but couldn't find a buyer without losing their shirts. Cumulus took on too much with the ABC deal. These problems are coming home to roost.

    Add to this demographic changes that radio ignored, bad investments in talent and online(CC iHeart app being the biggest blunder), and bad management by people who still don't understand the new media landscape, it's been a disaster decades in the making. Many financial and ad analyst have been telling radio groups for years that their medium is of low priority and not a good investment. That's why you see many of them trying to go private.

    Many ownership groups still believe that they can ride this out. However, they cut to the bone and haven't seen any improvement

    Fat chance.

    Rush is the least of their worries and issues to address.

    •  Have you watched the Norm Pattiz video? (1+ / 0-)
      Recommended by:

      While this industry analyst doesn't appear to disagree with you outright, he seems to accord considerably greater weight to the Limbaugh Effect than what you are willing to attribute.

      Would appreciate hearing your comment after watching:

      Follow me on Twitter: @denverunionguy

      by Richard Myers on Mon Nov 26, 2012 at 02:38:56 PM PST

      [ Parent ]

      •  I Guess I should Sympathize with AM Radio (1+ / 0-)
        Recommended by:

        But for some reason...

        Consider that AM station owners cut back their own bandwidth per station for the sake of greed. AM used to sound a lot better, it really did. Despite the known limitations of AM.



        Strange that a harp of thousand strings should keep in tune so long

        by jabney on Mon Nov 26, 2012 at 03:55:00 PM PST

        [ Parent ]

    •  Agreed. Broadcast radio... (0+ / 0-)

      is in secular decline; maybe not quite as bad as newspapers, but getting there.  All the consolidation of recent years, as in newspapers, has basically been a few big players pursuing larger slices of a shrinking pie.  Total ad revenue in 2011, even after bouncing back from the depths of the recession, was still down 18% from 2007.  Limbaugh may be exacerbating the matter, but SiriusXM, Pandora, iTunes, etc. and people driving less (about 500 fewer miles per person per year vs. 2005) are also to blame.

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