Medialife ponders the imminent collapse of iHeartMedia, a product of Clear Channel’s famous leveraged buyout, which, apparently, has not rescued the new company from its $21bn mountain of debt. Bankruptcy is what the author of the piece hopes for, which will unleash 850 radio licenses onto the market. Ditto for Cumulus Media, drowning in red […]
It’s always a treat to check in with the House Office of the Clerk’s lobbying disclosure database and see what broadcast radio’s big boys are spending on Congress these days. Needless to say, the top roller is usually Clear Channel Communications, which forked over $1,370,000 in the second quarter of this year. And what did […]
Four radio giants have agreed to pay the United States government a total $12.5 million dollars to settle an Federal Communications Commission investigation into their “payola” practices—the undisclosed play of music in exchange for cash, gifts, or favors. The FCC says that CBS radio, Entercom Communications, Clear Channel Communications, and Citadel Broadcasting will agree to: […]
