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View Diary: Bain's Clear Channel fires dozens across the country (18 comments)

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  •  Seems a lot like the newspaper business. (2+ / 0-)
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    a2nite, LynnS

    They all expected the big profits to come in forever, and financed their purchases based on those assumptions, and now they have to pay off the debts and the big profits are gone.

    It'll be good for radio in the long run just like it will be good for newspapers in the long run.

    The corporate trolls will move on to greener pastures and radio and newspapers will both eventually move back to local ownership, like they had through most of their histories.

    "Michael Moore, who was filming a movie about corporate welfare called 'Capitalism: A Love Story,' sought and received incentives."

    by Bush Bites on Fri Dec 07, 2012 at 04:32:03 AM PST

    [ Parent ]

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