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Mon Nov 26, 2012, 04:07 PM

4 progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptcies

Four progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptcies

Jerry Del Colliano, a prominent radio industry analyst, is predicting the possibility of multiple bankruptcies in the radio industry. Colliano was recently quoted in a news story about stealth layoffs at Clear Channel, and in a Politico article which was also about those layoffs. The Clear Channel layoffs were executed quietly to avoid negative publicity for Mitt Romney, whose former private equity firm Bain Capital owns Clear Channel.

The networks tried to leverage debt into outsized growth. Deep in the red, they had not counted on the industry disaster that I have started calling the Rush Limbaugh Effect.

There are several reasons major radio industry corporations find themselves in danger of crashing to earth, but one of particular interest is the activism of many thousands of outraged consumers in the aftermath of the Limbaugh attack on student Sandra Fluke.

More Rush Limbaugh, here.

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Reply 4 progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptcies (Original post)
richardmyers Nov 2012 OP
kooljerk666 Nov 2012 #1
NRaleighLiberal Nov 2012 #2
kooljerk666 Nov 2012 #3
NRaleighLiberal Nov 2012 #4
warrprayer Nov 2012 #5
warrprayer Nov 2012 #6
RepublicansRZombies Nov 2012 #7
FarCenter Nov 2012 #8
regnaD kciN Nov 2012 #9
KharmaTrain Nov 2012 #10

Response to richardmyers (Original post)

Mon Nov 26, 2012, 04:12 PM

1. Good, in Philly we have NO progressive & 1 good FM station..........

 

WXPN is public radio from U-PENN & WRTI classical all day & Jazz at night, that is it.......................

I miss local radio station & real people DJ's.

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 04:16 PM

2. Ah, AM radio...home of non-stop snake oil ads.

I love WXPN - when we lived in the Phila area, we had it on non-stop and still stream it quite often.

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Response to NRaleighLiberal (Reply #2)

Mon Nov 26, 2012, 04:22 PM

3. wxpn HAS DONE A GREAT JOB (oops) of bringing new artists to the fore front............

 

I still like Grateful Dead & New Riders & psychedelics for the elderly but David Dye & his "World Cafe" is all around the country & really brings lots of new talent to us.

One AM one station ran Air America for a while but it had not enuff power for me to hear it in a car or at my house.

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Response to kooljerk666 (Reply #3)

Mon Nov 26, 2012, 04:24 PM

4. we also go with Radio Paradise streaming - music even a bit more wide ranging in scope

I can't believe how much music my wife and I were introduced to by David Dye/World Cafe.

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 04:27 PM

5. the peopes airwaves

were stolen in the Reagan years when the media monopolys were allowed to buy all the stations. We will not get them back again. Thank God for the internet.

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 04:31 PM

6. those who resisted

by running low powered stations that actually performed a service to the community found their doors kicked down by gun wielding FCC and FBI during the Chimpy years.






this is what happens when you aren't broadcasting Limbaughs filth.

FUCKERS

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 04:32 PM

7. When 'family values' Limbaugh encouraged Sandra Fluke to put her sex tapes online so he could watch?

 


He said that was the least she could do since he was paying for her birth control.

That whole media presentation that it was about 'calling her a slut' was a coverup for the disgusting pig.

I am wondering why and how much the US Government pays for his bullshit to be played on armed forces radio?

For one thing, that type of propaganda should never be on armed forces radio, but they least he could do would be offer it for free. What a taker!

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 05:15 PM

8. AM radio is for listening in the car out of range of FM stations between metro areas.

Consequently it is conservative talk radio or country western music. Both are suited to the narrow bandwidth of AM radio.

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 05:32 PM

9. The law of unintended consequences strikes again...

This morning, liberal host Stephanie Miller denounced the Rush boycott as having been responsible for the shutdown of several progressive stations. You see, many of Limbaugh's sponsors also backed talk shows across the political spectrum, including most of the progressive talk shows. When put under pressure because of the Fluke affair, some responded, not just by dumping Limbaugh, but by deciding to get out of the "controversial" political talk format altogether. Rush had no problem finding new sponsors; left-wing shows, not do much. And, with ad revenue dropping, stations had all the more impetus to switch to a non-controversial format like sports. So, the Limbaugh boycott may have well cost us our one progressive station here in deep-blue Seattle, while THREE right-wing stations continue on...

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Response to richardmyers (Original post)

Mon Nov 26, 2012, 05:49 PM

10. Jerry's A Solid Source...

...and a good friend for many years. He knows the inside of the biz and where the bodies are buried.

He's stating what I've also posted here...the radio industry is in collapse due to "deregulation" and corporate greed. Huge debts were rolled up by corporate entities that saw broadcast licenses as a license to print money. They detached their revenues from what they earned in advertising to the company's stock price. The more that was acquired and the more corners cut, the higher the stock price went and the more the principals at the top cashed in on. Be damned about the quality of the product or the livelihoods of the thousands of jobs that were cut to "maximize" the bottom line.

Radio's decline began with the dot com bust of a decade ago when the market was at its peak and advertising revenues their greatest. Since then it's been straight downhill...and took a real nosedive with the market crash of '08. Today large corporates like Bain/Cheap Channel and Cumulus are sitting with thousands of licenses that are now worth a fraction of what they were...and huge debts that still need to be paid off. Cheapening the product drove away millions to other mediums...and with them went the advertisers. The entire deck of cards is now about to fall and with it a once proud, dynamic and creative industry...deregulating itself into irrelevance.

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