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A Glimpse Inside The Executive Suite

S

SirRoxalot

In case you missed it, the New York Market Radio (NYMRAD) CEO Summit put CBS Radio's Dan Mason, Greater Media CEO Peter Smyth, Clear Channel's John Hogan, Jeff Smuylan from Emmis, and last (and possibly least) Citadel's Farid Suleman on a panel and started recording.

Find the recording at WADV Radio's Blog Site.

It's 58 minutes out of your life, but it's propaganda straight from the horses' orifice. For an excellent summary, check out this Audio Graphics article.

WARNING: DO NOT CONSUME AFTER EATING. Especially if you think about the fact that most of these guys make EIGHT figures annually. Think about that, and the fact that $1-million would pay for the salary and benefits of about 13 people making $50K annually.
 
Arrogant. Clueless. Out of touch. Self-aggrandizing. Enraging. Imagine investors and fund managers listening to these captains of the broadcasting business yammering away. It's no wonder that the business is held in such low esteem by investors and Wall Street. Rox has put up one of the most interesting posts and links on the entire Radio-Info boards.
 
Element9 said:
Arrogant. Clueless. Out of touch. Self-aggrandizing. Enraging. Imagine investors and fund managers listening to these captains of the broadcasting business yammering away. It's no wonder that the business is held in such low esteem by investors and Wall Street.
Click to expand...

But are you surprised?

I think a lot of these guys were REAL radio guys at one time, who are now lucky to have jobs because the corporate radio business model doesn't work. They will keep drawing paychecks until the corporations they run and shareholders figure out that they can't get it done.

I don't know, if the radio biz was held in such low esteem, why until recently did all of these funds give broadcasters money to go on buying sprees?
 
ThePickleReport said:
I don't know, if the radio biz was held in such low esteem, why until recently did all of these funds give broadcasters money to go on buying sprees?
Click to expand...

Why did all of these funds buy up oodles of mortgages issued to people who didn't have a prayer of paying them off?

NPR and "This American Life" did an excellent story about the evolution of the Financial crisis. It's on the "This American Life" site as Episode 355: The Giant Pool of Money.
 
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