I get this, but I'm thinking of guys like Dan Ingram and Cousin Brucie and John Landecker and Don Steele.
I cannot even begin to parse this sentence.
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Audacy woes
- Thread starter sacredcod
- Start date
YES! And that's despite what someone is just bound to "inform" me about what happened to RKO-General and why; I'm aware of it.
But it was RKO-General who flipped 98.7 WOR-FM to rock in 1966, read the writing on the wall and flipped 98.5 WRKO-FM, and eventually 680 talk WNAC to Now Radio WRKO. And way before all this they were having success with 93 KHJ.
What happened to RKO-General has nothing to do with broadcasting. They were top notch operators in every market they were in.
They were also a very big company who believed in top-down programming.
Your thoughts, BigA. The economy and newer technology has affected ALL of the radio industry. FWIW, iHeart seems to be holding its own, but Audacy (the 5-cents/share company) is struggling. Do you think they might've taken on more than they could effectively manage when they grabbed the CBS O&O's?
Stock price is often based on perception. We'll see what happens on May 24th.
Historical note: before WW II, duopoly was also allowed. Quite a few operators had two major AMs in larger markets. And NBC had two simultaneous national networks, the Red and Blue webs.
They made a bad strategic decision at the wrong time. They bought a group that could not grow and could only decline. They did not anticipate COVID, a mini-recession or the massive move of ad budgets to online alternatives. They were hit by the perfect storm... there was an equal mix of overconfidence in their abilities (also called "stupidity") and failure to plan on "if s--t can happen, it will".
Looks like a simple omitted word -- "those" between "of" and "there."
Thanks for the clarification, but what relevance does even the corrected statement have to what I had said earlier about the big-city stations?
They failed to take advantage of the synergies that had existed under the previous owner by relinquishing the rights to those synergies too soon. They were too focused on the old part of the business, and missed the opportunities that existed to get a deeper footing in the new. Now they're basically starting from scratch.
For instance?
The websites for TV & radio were merged on the same CBSlocal domain. There were a lot of co-marketing agreements that only lasted a year or two.
The point is there were thousands of smaller stations that were not paying big salaries. Even the big, well-known jocks' employment was always contingent on their last ratings book. We're not talking working at a Ford factory in the 1960s. If you read John Landecker's book, you'll learn he was once almost fired from WLS for cause, and went through other firings. One finally got him sobered up.
Didn't NBC have four? Red and Blue on the East Coast and the Orange and Gold Networks on the West Coast?
Orange and Gold never overlapped Red and Blue. They were a temporary west coast solution to the lack of a coast-to-coast high quality audio connection for just a few years. By the end of 1928, most of the Orange was a "best of" feed from the Red and the Blue in the East, and the Gold was basically gone. And by 1936 both Red and Blue were fully nationwide.
There was never a point at which NBC was feeding more than two simultaneous networks to any single market or region.
There was never a point at which NBC was feeding more than two simultaneous networks to any single market or region.
More on Audacy debt restructure:
www.insideradio.com
Analysts Say Audacy Is Threading A Financial Needle And A Restructuring Remains Possible.
With Audacy’s stock now trading over the counter after the New York Stock Exchange began proceedings to delist it, and with shareholders set to vote Wednesday on a reverse stock
I do recall when ABC had four separate networks back around 1968: Information, Entertainment, Contemporary, FM. Their newscasts were fed to their affiliates at different times during the hour, as they were not allowed back then to do simultaneous feeds. Still, it was a bold, innovative move at the time.
IIRC:
Information news was at TOH,
Entertainment news at 00:30,
Contemporary news at 00:55,
FM news at 00:15.
They went up to six in the 80s, adding Direction and Rock. The reason they received an FCC exemption was because all six networks used the same single phone line. So it really was one network with six demographic targets. They later transferred the network to one satellite channel. Although they called themselves the ABC Radio Networks.
Do you think this kind of nonsense actually makes a point?
Posts like that to this board always strike me as the text equivalent of a "Baba Booey" call to a talk show. There are a lot of eternal 14-year-olds trapped in adult bodies out there who find those original and hilarious, it seems.
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