With Clear Channel and other large media corporations moving from ownership on the public market to ownership by private equity firms, how will this affect programming and staffing?
My very limited understanding thinks that maybe going to private ownership might allow for localism and more entertaining programming to emerge because private financiers have more interest in their money making money. With public trading, managers have more control of the situation because there are lots of owners, but private ownership means that the few owners take on more management themselves, taking a stronger interest in the financial success.
I read a quote from a 2006 article where the new CEO of Dunkin' Brands (Dunkin' Donuts, etc.) basically said he feels more freedom to take risks and be creative because they aren't as concerned about meeting quarterly financial projections to keep shareholders happy.
Will this apply in radio as well? Please share your thoughts...
My very limited understanding thinks that maybe going to private ownership might allow for localism and more entertaining programming to emerge because private financiers have more interest in their money making money. With public trading, managers have more control of the situation because there are lots of owners, but private ownership means that the few owners take on more management themselves, taking a stronger interest in the financial success.
I read a quote from a 2006 article where the new CEO of Dunkin' Brands (Dunkin' Donuts, etc.) basically said he feels more freedom to take risks and be creative because they aren't as concerned about meeting quarterly financial projections to keep shareholders happy.
Will this apply in radio as well? Please share your thoughts...