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CBS News Radio Closed

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I just saw this article written by one of the owners of WDWS-AM in Champaign Illinois. He talks about the business side of changing network affiliations.

Records & Radio | With plug pulled on CBS News Radio, affiliate switch pending for WDWS

Thanks for the article.

I stream WDWS every morning on my drive to work to listen to “America in the Morning.” It’s disappointing to know they’re picking up Fox News Radio. I’d rather listen to SRN News or USA Radio News but the station made their decision.
 
Mentioned thousands of times In Epstein Report.
97 Times Pleaded The Fifth.
34 Felony Convictions.
91 Criminal Charges.
26 Sexual Assault Allegations.
6 Bankruptcies.
5 Draft Deferments.
4 Indictments.
2 Impeachments.
2 Convicted Companies.
A long history of adjudicated fraud:
1 Fake University Shut Down. Paid 25mn in restitution to defrauded students.
1 Fake Charity Shut Down.
$5 Million Sexual Abuse Verdict.
$2 Million Fake Charity Abuse Judgment. Forbidden to engage in charity work here in NY
$93 Million Sexual Abuse Judgements.
$400+ Million Fraud Judgment.
First President in history to maintain a debt to GDP ratio over 100% for his entire term.
Highest annual budget deficit.
Most added to the national debt in a single term.
Most new unemployment claims. To be fair, COVID played a major role here.
Largest single day point drop in the history of the Dow..
Longest government shutdown in history (and he did that while his own party controlled both chambers of Congress).
First President in the history of approval ratings to maintain a net negative approval rating for his entire term. Repeat performance as of 3-26.
First President to be impeached twice.
First President to have bipartisan support for his conviction after impeachment (which happened both times).
Most indictments, guilty pleas, and criminal convictions of members of an administration --
Trump (Republican): 215
Nixon (Republican): 76,
Reagan (Republican): 26.
Vs. Democrats:
Obama (Democrat): 0,
Carter (Democrat): 1,
Clinton (Democrat): 2.
First president to have a mug shot.

With all of the above verifiable facts, how can you expect any respect when you put something like that back in our nation's highest office.

LCG
While I can't figure out how this directly relates to broadcasting, let's keep in mind that the lawsuits / court cases / accusations have all been based on efforts to thwart Trump's political campaign. For example, a whole bunch of charges were put forth about falsifying the value of the Mar a Lago property. Yet no real estate investor, financing agent or analyst found any error in the valuations Trump put forth... but they universally laughed at the supposed valuation deemed by the prosecutor to be the "real value".

The media, upon the filing of that case, was filled overwhelmingly by reports of the suit stating that the property had been overvalued maliciously and with the intent to defraud. There were few reports, mostly in the WSJ and Bloomberg and the like, stating that the valuation estimated by a prosecutor in New York was absurd and did not reflect a cross section of valuations and transactions in the same area.

This is just one case of "lawfare" where one party found that the complicated and intricate deals of the first person who was a modern-day businessman and not a politician to be running for the presidency. A major issue is that many reporters are not familiar with business and they have made many mistakes in writing about such matters.

For example, in one "major" daily paper just a few days ago I read an article where one of the Silicon Valley billionaires was stated to have "made over one billion dollars last year on his... " where the actual fact was that the investor had a gross income of over $1 billion and had a pre-tax profit of nearly $100 million (EBITDA). After provision for taxes and depriciation / amortization, the guy actually "made" under $50 million.

The journalist was only off by a billion or so because he/she/it did not understand that "profit" is what is left over after expenses. A friend who is in finance said to me that he believes that this is because journalists who have no training in finance look at business the way an individual looks at their tax return. There, everything that that you get from a salary is "income" and you pay taxes on all of it except for a few relatively small deductions. Yet in business, everything you spend is a deduction and you only pay taxes on what is left over, if anything.

So what we have here is a preponderance of journalists... and even the late-night "comedy" show hosts... who don't understand business. Add in the tendency of one party to use the legal system to attempt to thwart the campaigns and programs of "the other party", something now being called by the new term of "lawfare".

Again, what I see is that few journalists understand a businessman who has become a politician. We had Ross Perot who tried, about 50 years ago, to run for office. And, if you read "On Wings of Eagles", you can see that the application of good business practices to government did what Carter could not do: rescuing Americans held prisoner in Iran. But, even then, the press did not well understand the benefits of having business and financial skills when it comes to running the government.
 
But, even then, the press did not well understand the benefits of having business and financial skills when it comes to running the government.

That's not the job of the press. They just report the news. On the other hand, the big media owners DO understand the benefits of having a transactional businessman running the government. All of the big tech owners are benefiting from him. Tim Cook, Jeff Bezos, and the Ellisons are all benefiting from him running the government. Anyone who has invested in those companies are benefiting from him running the government. Jeff Warshaw benefited from him running the government. Nexstar benefited from him running the government. Anyone who has bent the knee did well in 2025.
 
I just saw this article written by one of the owners of WDWS-AM in Champaign Illinois. He talks about the business side of changing network affiliations.

I hope others read this article. Most business decisions are not made for political reasons. A few investors have used political situations to make money, but when we get to radio and TV, nobody is going to change programming just to promote a cause. And those that have done that tend to have poor outcomes, such as the recent politically motivated purchase of a group of former Unvision radio stations in order to prevent a conservative broadcaster from buying them.
 
I just saw this article written by one of the owners of WDWS-AM in Champaign Illinois. He talks about the business side of changing network affiliations.


What surprised me about the article was that Fox News was available for WDWS. I had assumed (wrongly, I suppose) that one of the other stations in the Champaign/Urbana market (where WDWS is located) had already picked up the network.
 
And those that have done that tend to have poor outcomes, such as the recent politically motivated purchase of a group of former Unvision radio stations in order to prevent a conservative broadcaster from buying them.

That conservative broadcaster benefited by having someone else buy those dog radio stations. It saved him from going bankrupt. Even selling off their most profitable FM stations to K Love hasn't solved their financial problems. They need to pray a lot harder.

 
That's not the job of the press. They just report the news.
But if the news is about finance, then it is the job of the reporter to understand the subject or to have the assignment editor send someone else to cover the story.
On the other hand, the big media owners DO understand the benefits of having a transactional businessman running the government. All of the big tech owners are benefiting from him. Tim Cook, Jeff Bezos, and the Ellisons are all benefiting from him running the government. Anyone who has invested in those companies are benefiting from him running the government. Jeff Warshaw benefited from him running the government. Nexstar benefited from him running the government. Anyone who has bent the knee did well in 2025.
And everyone with a 401-k, private retirement fund, union retirement fund, state and government retirement fund benefits. Generally, when business does well, everyone with a stake in private enterprise does better.
 
But if the news is about finance, then it is the job of the reporter to understand the subject or to have the assignment editor send someone else to cover the story.

Finance reporters have all covered the business deals done by this administration. The rich have all gotten richer. CNBC is on top of it.

The president is not angry at the business press. He does interviews all the time with them. Usually at 8:55 AM when he wants to have an effect on the stock market.

Generally, when business does well, everyone with a stake in private enterprise does better.

Unfortunately a lot of poor people also voted for this president. They're not benefiting. Their health care got more expensive. Their local taxes are increasing because federal aid to the states went away. The president doesn't like it when the media reports that gas prices are rising.

Retired people are probably happy. A lot of senior citizens watch Fox News and CBS News. But young people with kids don't care about their 401Ks. They care that gas is expensive and groceries cost more. None of them own stock. None of them are benefiting from the tech boom.
 
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