According to an inside source. :'(
Sign of the continual downfall -- and quality! -- of terrestrial radio!
Sign of the continual downfall -- and quality! -- of terrestrial radio!
Bug on the rug said:According to an inside source. :'(
Bug on the rug said:According to an inside source. :'(
Sign of the continual downfall -- and quality! -- of terrestrial radio!
Bug on the rug said:Don't they have a $2 billion payment due on their $20 billion loan!?!?
RadioPhillyFan said:Even with Arbitrons downsizing of the Philly market,
CC knows Philly is the fifth largest city in the country
You guys have nothing to worry about. LA is the second largest market, you didn't get four counties cut out of your market.
Trust me. AMFM and CC merge shocked the world, and stranger has happened!
DavidEduardo said:RadioPhillyFan said:Even with Arbitrons downsizing of the Philly market,
Arbitron has not "downsized the Philly market." The market is a slow-growth metro, and was passed by another market, as revealed in the Census Bureau data as processed by Claritas.
Arbitron does not conduct the US Census... the government does.
CC knows Philly is the fifth largest city in the country
Arbitron does not rate cities. It rates markets, and the base unit is the county. Nobody cares how big the central city is... they care how big the market is.
You guys have nothing to worry about. LA is the second largest market, you didn't get four counties cut out of your market.
Philly did not get four counties cut out of the market. The radio metro is different from the OMB (Federal Government's Office of Management & Budget) definition of a metro. One is a Metro Survey Area, the other is a Metropolitan Statistical Area. Radio metros are defined by radio usage, the other is defined by trade.
Trust me. AMFM and CC merge shocked the world, and stranger has happened!
Most of us thought that AM/FM was pretty much set up to "cash out" via merger or acquisition. The merger was expected.
RadioPhillyFan said:The only thing I'll dispute you on is the metro.
No - Philadelphia is not a slow-growth metro. The city is projected to increse 1.32%,
the metro is projected to increse by 6.32% by 2020, and triple that in 2030. (Delaware Valley Statistical Analysis Group, or something along those lines)
No, DC stastically only recieved just under 5% growth. (metro) - Philadelphia had 2.32%, the last of it's drops.
Currently, the population of Philadelphia is though to already have increased by nearly 1%.
This is my hobby, I can provide proof if needed.
Bug on the rug said:@ TheBigA: Things don't happen right away!
Bug on the rug said:Plus, you're implying that the radio business model never NEEDED PD's! Honestly think there needs to be quality controls, and to manage talent.
Bug on the rug said:Guess source is also wrong about the entire CC news & traffic staff getting pink slips today in Columbus, Ohio!
robnokshus06 said:Don't they have a $2 billion payment due on their $20 billion loan!?!?
Yup: http://www.thedeal.com/content/private-equity/clear-channel-moves-to-address-debt-load.php
DavidEduardo said:The Philadelphia radio metro is growing by about 1.3% a decade. It is projected to increase from 5.164 million in 2010 to about 5.223 million in 2015, for a 5-year growth of 1% in 5 years. By 2020, which is enormously hard to project, the decade may show something like 1.8% growth.