With all the radio stations being bought by big companies,have some gotten to big?Clear Channel just announced that the Bobby Bones morning show for it's country stations,it will be based out of the WSIX studious in Nashville,with Obama Care kicking in next year I wounder if these companies will sell some stations to avoid the taxes.
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Are some media companiesto big?
- Thread starter RhubarbFan
- Start date
No. Heath-care expenses for the few remaining employees is just a drop in the bucket compare to the debt CC is carrying. The three big "C"'s (CBS, Clear Channel and Cumulus) acquired more radio signals in the New York Market in the last couple of months. The 3 big C's and Cox too are selling some properties in smaller markets to concentrate on bigger markets or in Cox's case where they have TV / newspapers too.
In a weird kind of way, healthcare reform will allow companies to dump their expensive heath insurance and pay the fine which will be cheaper and let their employees have Medicaid style coverage from the government. That is why one of the biggest early supporters of the plan was Walmart. It will save Walmart millions if not billions.
http://news.walmart.com/news-archive/2009/06/30/walmart-statement-regarding-health-care-reform
In a weird kind of way, healthcare reform will allow companies to dump their expensive heath insurance and pay the fine which will be cheaper and let their employees have Medicaid style coverage from the government. That is why one of the biggest early supporters of the plan was Walmart. It will save Walmart millions if not billions.
http://news.walmart.com/news-archive/2009/06/30/walmart-statement-regarding-health-care-reform
Is there anybody left at CC,I could see them selling stations in smaller markets,those stations need an owner who lives in the community and knows the town and the people.
I have no love affair for the big corporate influence on radio, but the question you haven't defined is: How big is too big?
It is probably not unusual for mom-and-pop stations to carry debt also. We all cluck our tongues at the debt carried by the big consolidators of our era, but if you play accountant for a moment, when you compare debts to profits, compare debts to station sales volume, are Cumulus and CC and the other actually any more in debt that the rest of the industry?
We know about their debt because they are publicly traded companies, and their debt numbers are public. Old Larry Fadedjeans and his wife Molly who are operating the little tea-pot sized station out in Mayberry keep all the info a secret. We don't know how big the loan is down at the bank that Molly's dad co-signed so they could buy the station. Since Larry and Molly aren't public, we don't know how much credit-card debt they are carrying to float the station along, we don't know how many open accounts they carry with local retailers who still run charge accounts.
It is probably not unusual for mom-and-pop stations to carry debt also. We all cluck our tongues at the debt carried by the big consolidators of our era, but if you play accountant for a moment, when you compare debts to profits, compare debts to station sales volume, are Cumulus and CC and the other actually any more in debt that the rest of the industry?
We know about their debt because they are publicly traded companies, and their debt numbers are public. Old Larry Fadedjeans and his wife Molly who are operating the little tea-pot sized station out in Mayberry keep all the info a secret. We don't know how big the loan is down at the bank that Molly's dad co-signed so they could buy the station. Since Larry and Molly aren't public, we don't know how much credit-card debt they are carrying to float the station along, we don't know how many open accounts they carry with local retailers who still run charge accounts.
RhubarbFan said:
Do you want to talk RADIO or do you want to talk POLITICS.
Do companies that don't provide insurance to employees pay a fine, or do individuals that don't purchase insurance somewhere, somehow pay a fine?
It seems to be the national sport these days to use Obamacare as a punching bag... when we don't fully understand it yet. I think the follow-up post where the guy points out that employee benefits is a pretty tiny part of the whole big picture is on the money (with or without Obamacare).
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