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Audacy Cuts ✂️

PTBoardOp94 said:
TownSquare is successful by acting as an online ad agency for its customers. They take money from a local business and distribute it among Facebook, Google, Yelp, etc. I think they distribute some $$$ to their own radio stations, with the customer's permission.
Is that a conflict of interest? Probably.
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There is no conflict of interest in owning media and an ad agency. Not terribly common, but there is an ethical issue of disclosure, but no prohibition.

At one point, I owned an agency in Ecuador where I also owned 13 radio stations. One of my major points in pitching to clients was that they would save the agency commission, as I would adjust rated down on inter-company sales.
 
TheBigA said:
In fact iHeart owns Katz
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Katz is not an agency, it is a national rep firm; reps are just a subcontracted sales staff outside the local marekt. Radio companies have owned some of the rep firms going back 50 or 60 years... some larger groups self-repped with their own sales offices in the big agency centers.
 
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