I hate to disappoint readers and posters of this board, but I don't expect justice to be served as a result of the Attorney General's complaint against Entercom.
The orders came from the top. "Play For Pay" was and apparently continues to be Entercom's Business Plan, devised by one or more of the key players at the corporate level. The BP was executed by the local management teams, which according to the Complaint, were responsible for generating revenue by way of the record companies and their independent promoters.
Nobody will get fired (other than those already cast in front of the bus.) No license will be jeopardized. Fines will be paid, the issues will be settled and in five years, this will be but a milestone on the highway to bigger profits and greater success.
If anybody thinks Entercom is the only broadcast company which may have violated the law, wake up and smell the head cleaner.
Everything is for sale at the right price. Everything is wonderful when the shareholders are happy. Greid is good.
Interestingly, I listened to Buffalo's News Leader this morning and not a word of Entercom's plight was mentioned. It's nice when you own the only commercial news outlet in the city of license, serving in the public convenience, interest and necessity.
Equally interesting, according to insiders Entercom station managers are in Las Vegas today, attending corporate strategy meetings. No doubt the lawyers will be in attendance as well. Anybody care to double down?
Last night, out of curiousity, I checked Entercom's share price, then checked one of my 401(k) sectors, which just happens to be in telecommunications stock. You guessed it. Indirectly, I'm an Entercom share holder.
Damn this Spitzer! He's just not good for business.
<hr>
Please make sure your sarcasm detector is operating.
The orders came from the top. "Play For Pay" was and apparently continues to be Entercom's Business Plan, devised by one or more of the key players at the corporate level. The BP was executed by the local management teams, which according to the Complaint, were responsible for generating revenue by way of the record companies and their independent promoters.
Nobody will get fired (other than those already cast in front of the bus.) No license will be jeopardized. Fines will be paid, the issues will be settled and in five years, this will be but a milestone on the highway to bigger profits and greater success.
If anybody thinks Entercom is the only broadcast company which may have violated the law, wake up and smell the head cleaner.
Everything is for sale at the right price. Everything is wonderful when the shareholders are happy. Greid is good.
Interestingly, I listened to Buffalo's News Leader this morning and not a word of Entercom's plight was mentioned. It's nice when you own the only commercial news outlet in the city of license, serving in the public convenience, interest and necessity.
Equally interesting, according to insiders Entercom station managers are in Las Vegas today, attending corporate strategy meetings. No doubt the lawyers will be in attendance as well. Anybody care to double down?
Last night, out of curiousity, I checked Entercom's share price, then checked one of my 401(k) sectors, which just happens to be in telecommunications stock. You guessed it. Indirectly, I'm an Entercom share holder.
Damn this Spitzer! He's just not good for business.
<hr>
Please make sure your sarcasm detector is operating.