iHeartMedia CEO Efforts May Not Be Enough to Avoid Looming Bankruptcy

[ChrisSmolinski]

iHeartMedia CEO Bob Pittman’s Efforts May Not Be Enough to Avoid Looming Bankruptcy

http://variety.com/2017/biz/features/bob-pittman-iheartmedia-1201998074/

[Azimuth Coordinator]

I was talking to an Engineer who works for Cumulus the other day they are not far from the same fate..   stock hovering at .62 cents a share

[ChrisSmolinski]

While it probably won't happen, it would be great if all these stations ended up getting sold to individual owners again.

[redhat]

This is what happens when corporations run things on the premonition of all flash and no substance.  You can't be number one by regurgitating the same one size fits all crap that everyone else is.  To put it another way, your not going to win over your market and its listeners by running the same format lab trash that 3 other stations are playing.  The content is what people want, and good content will win over your audience.

That's the cool thing about pirate radio, everyone does their own thing.  You may not like what your hearing, but in most cases you would be hard pressed to say you've heard that somewhere else.

+-RH

[Josh]

Agreed. and for example, the marxist trash we all pay for in taxes that is spewed by npr is only slightly made up for by the classical music they play when not propagandising. If the too big to fail corporations fail, perhaps someone locally will chip in and keep these stations from being bought up by China, Saudi Arabia, or whoever with zillions in cash and propaganda to spread. I pray npr goes the way of the bankrupt corps, Trump has mentioned efforts in that direction.

Think locally, act locally.

[MDK2]

Agreed. and for example, the marxist trash we all pay for in taxes that is spewed by npr is only slightly made up for by the classical music they play when not propagandising. If the too big to fail corporations fail, perhaps someone locally will chip in and keep these stations from being bought up by China, Saudi Arabia, or whoever with zillions in cash and propaganda to spread. I pray npr goes the way of the bankrupt corps, Trump has mentioned efforts in that direction.

Think locally, act locally.

Surely you jest. NPR is only very slightly left of center, and provides very much needed balance to the airwaves dominated by this radio monopoly.

[Fansome]

Hey, don't call him Shirley.

Agreed. and for example, the marxist trash we all pay for in taxes that is spewed by npr is only slightly made up for by the classical music they play when not propagandising. If the too big to fail corporations fail, perhaps someone locally will chip in and keep these stations from being bought up by China, Saudi Arabia, or whoever with zillions in cash and propaganda to spread. I pray npr goes the way of the bankrupt corps, Trump has mentioned efforts in that direction.

Think locally, act locally.

Surely you jest. NPR is only very slightly left of center, and provides very much needed balance to the airwaves dominated by this radio monopoly.

[Pigmeat]

Shirley is starting to walk the tightrope between reality and the dimension that is the "Al and Pigmeat Zone."

Speaking of Shirley's, remember how we used to fight over Shirley Booth back in the day, Al? The cankles on that woman,yowza!

[Josh]

Agreed. and for example, the marxist trash we all pay for in taxes that is spewed by npr is only slightly made up for by the classical music they play when not propagandising. If the too big to fail corporations fail, perhaps someone locally will chip in and keep these stations from being bought up by China, Saudi Arabia, or whoever with zillions in cash and propaganda to spread. I pray npr goes the way of the bankrupt corps, Trump has mentioned efforts in that direction.

Think locally, act locally.

Surely you jest. NPR is only very slightly left of center, and provides very much needed balance to the airwaves dominated by this radio monopoly.

No jest, shirley you understand.

[redhat]

Keep in mind too that NPR, like most politicians for that matter, chases doners and their money, so whatever view the money has is what you get.

...Follow the money... And listen to it talk

+-RH

[Pigmeat]

Boy howdy, I remember the fight Putin and Al got in back in '02 when Nina Totenberg made a mix-up on her dance card at the Summer Illuminati Mixer up at Bohemian Grove. Al put yet another midget to flight, Putin's been ticked at the U.S. since.

Welcome to our world, Josh. I tried to warn you. Get some heavy duty drawers for trip to the Hollow Earth this summer. It's going to be a long cold ride and there ain't no rest stops.

[Josh]

lol@Aluminati

[BoomboxDX]

iHeartMedia is probably too big to fail. Their shareholders will sit this out. They are the 500 pound gorilla in the radio room, and are looking forwards with IHeartRadio, custom streaming, etc. This isn't the first time they faced the wolf at the door and came away still running....

Radio revenue is still tight. These massive companies are keeping MW afloat -- they put various low-revenue formats on them and use them basically as loss leaders.

If the IHeart and other big co's busted we would possibly see a bunch of local owners buying up stations, owners who would then slough off a lot of AMers, selling the land to developers, and the MW band would have much fewer stations. Some DXers would cheer until they realised that eventually their DX targets would also be gone. There would also be more religious b'casters on the air, which many people don't like. But they have the will and the money.

Do you really want Brother Stair on every 1 kilowatt AMer in the US? Then pray that IHeart goes under. :-) I'm exaggerating, of course. But who really has the money to potentially lose on a small AM station in a suburban market?  Being part of a cluster keeps many of them afloat.

FM would still be just as overcrowded as it is now. Perhaps moreso.

Could get interesting...