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Cumulus buying Dial-Global?
- Thread starter bossbill
- Start date
I read somewhere that dg is going to brand as Westwood One
Cumulus is spinning off several O & O stations to Townsquare. The contract with Disney/ABC is up in Dec 2013 - which will not be renewed - specifically ABC News. CBS Sports is what Cumulus is aiming to take on more of along with their programming. Rumors were of a possible merger with CBS Radio, however, it makes more sense to acquire DG and then see if a CBS merger is worth it.
DG is struggling as is Premiere (ClearChannel). Cumulus has the advanatage, as Disney (Radio Disney) has also laid off several people and is sold off 5 or 6 owned stations.
I personally hate Cumulus, with a passion, but i gotta hand it to the Dickies... they're ruthless when it comes to business and from what i'm told, treat their Cumulus employees like sh!t.
here's an interesting article i found this morning:
http://www.insideradio.com/article.asp?id=2692637&spid=32060#.Uh4O0NLBPTo
DG is struggling as is Premiere (ClearChannel). Cumulus has the advanatage, as Disney (Radio Disney) has also laid off several people and is sold off 5 or 6 owned stations.
I personally hate Cumulus, with a passion, but i gotta hand it to the Dickies... they're ruthless when it comes to business and from what i'm told, treat their Cumulus employees like sh!t.
here's an interesting article i found this morning:
http://www.insideradio.com/article.asp?id=2692637&spid=32060#.Uh4O0NLBPTo
Would this raise the interest of antitrust lawyers? I mean, how can most of the syndicated radio content in the country be controlled by 1 company?
This is the same concern i'm sure small-market broadcasters are having already, even thought it hasn't even happened yet. I dont blame them. I'd be concerened that programing choices would be limited, especially with 24/7 music formats. right now, with DG there is at least some form of opposition for small markets to choose what programming. consolidating it into 1 would offer limited options and eliminating duplicate formats to save money (on the Cumulus side) - eventually allowing Cumulus to set a specific price or service fee if other programming is not offered from a competitor.
the DOJ i'm sure has regulations on that (like Apple and Microsoft) to avoid monopolies. plus, there's still other networks out there: Premiere, United Stations, AURN, Katz, Compass, etc.
We'll have to wait and see how this plays out, as this would take months to roll out completely.
Depends what you mean by "most." Clearly the biggest syndicator is Premiere, owned by Clear Channel, with Rush, Seacrest, Fox News, and lots more. This new combined company would be #2. Then you have a lot of other companies, like United Stations, Compass, Salem, Disney, Courtside, etc. There are other players in radio syndication, such as record labels, CDX, NASCAR, etc. I've heard Townsquare wants to do its own syndication. Several other larger radio groups would like to enter this field.
PLUS you have to understand that anti-trust doesn't happen just because a company gets bigger. The key thing the Justice Department looks for is if the bigger company uses its size to fix prices or stifle competition. That's more important than the amount of content controlled by one company. And keep in mind that the Justice Department approved the Sirius-XM merger, noting the size of the overall radio marketplace, and that satellite radio makes up less than 10% of it. Same with syndication. This new combined company would still be smaller than Clear Channel/Premiere. And syndication is still only 20% of the overall radio business.
PLUS you have to understand that anti-trust doesn't happen just because a company gets bigger. The key thing the Justice Department looks for is if the bigger company uses its size to fix prices or stifle competition. That's more important than the amount of content controlled by one company. And keep in mind that the Justice Department approved the Sirius-XM merger, noting the size of the overall radio marketplace, and that satellite radio makes up less than 10% of it. Same with syndication. This new combined company would still be smaller than Clear Channel/Premiere. And syndication is still only 20% of the overall radio business.
There wouldn't be a definitive answer (especially right now), but I have seen others say that a fully combined DG/CMN would be larger than Premiere.
I don't know...times have been hard on CMN lately. Once the home of Casey Kasem, Bob Kingsley, Sean Hannity, and Paul Harvey, the company hasn't done much program development.
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