nobby
December 18th, 2006, 09:11 PM
Could it be that listeners have voted with their wallets?
Could this be the return, at least to a degree, of independent radio stations?
Clear Channel said it would seek buyers for all of its television stations and 448 of its smaller radio stations, presumably because the private-equity buyers are not interested in owning television or small-market radio. The stations marked for sale are all outside the nation's top 100 markets, which would exclude Washington, the eighth largest.
The sell-off will mark the end of the consolidation era for the radio industry and its largest player, Clear Channel, and an acknowledgment by the company that it no longer is interested in smaller radio markets.
http://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600537.html
Could this be the return, at least to a degree, of independent radio stations?
Clear Channel said it would seek buyers for all of its television stations and 448 of its smaller radio stations, presumably because the private-equity buyers are not interested in owning television or small-market radio. The stations marked for sale are all outside the nation's top 100 markets, which would exclude Washington, the eighth largest.
The sell-off will mark the end of the consolidation era for the radio industry and its largest player, Clear Channel, and an acknowledgment by the company that it no longer is interested in smaller radio markets.
http://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600537.html