Riiight...
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IHeart media IHRT stock is tanking. What are going to do in Seattle because of it?
- Thread starter Cobra14
- Start date
Goodman Pulls Out Of Clear Channel - Talk Business & Politics
Dean Goodman is pulling out as owner of four local radio stations.
talkbusiness.net
We're going back to 2007? Guess what: there were a lot of other stations, including mine, in that group.
Congrats on knowing a dead deal from 16 years ago so well. I still remember it, too...but then again, I was in the middle of it.
Congrats on knowing a dead deal from 16 years ago so well. I still remember it, too...but then again, I was in the middle of it.
The timing of that deal was on the rising curve of the 2008 recession where most radio properties lost two thirds of their values in less than a year. Goodman should be counting his lucky stars that his financing backed out.
Then why were you questioning me? I knew CC wanted out of Minot, and I was right.
Not long after that Mays took the company private, cashed out, and left the company with $20 billion debt just in time for the recession.
It was also far more than just Minot.
A dead deal from 16 years ago isn't particularly relevant to any discussion in this day and age, except this one.
Still wouldn't have mattered. Half a billion for small to medium markets with the recession building speed would have been financial suicide.
Read the context. If it wasn't relevant, then don't say "Riiight!" That's the time to bring up relevance.
A "local group." Tell me...where was Dean from? (Wasn't Minot. Or even North Dakota. Read the link in your own post. Sheesh...)
Why didn't you say that in post 61? I wouldn't have spent the time looking it up had it not been for that post.
I needed the laugh. SO fun watching experts try to be experts.
Then thanks for the specifics and helpful contribution to the discussion. No, not really.
You obviously need to find some solace living in North Dakota. Not me. If that's how you do it, so be it.
It seems Mr. Goodman doesn't really know what he's doing. His group pulled out of the deal with CC 16 years ago, so he regrouped and started Digity a few years later, only to have that group be acquired within two years. Were any of the stations in the failed Goodman deal ones that CC eventually sold to Gap? Between Gap West, Gap Central, Regent, and two deals with Cumulus and the recent Cherry Creek acquisition, that's how Townsquare got the majority of its stations. I know there are a few other smaller deals in there as well, but those are the big ones.
I think that the ones in Minot are still owned by the company tbh. Minot ND I believe.
They are
We use the phrase "it keeps the riff raff out." But circumstances frequently put me elsewhere, in case you were really that interested.
Now...are we done turning a Seattle thread into a North Dakota thread? I mean, there seems to be little regard FOR North Dakota, so why give it the attention?
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