Gee wiz things are boring and bland and dry on the boards lately. It must me a sign of the cash crunches. Stations/groups must've had to cut their internet provider trades to be based on a per second rate.
So let us have a quick financial survey of the radio world (there are exceptions to all of these, CMAing): profits are basically nonexistent, more credit is basically nonexistent, selling multiples are measured fractionally rather than by the tens, the property values for buildings are diving, promotions are less than laughable, what used to be the most pathetic on air talent is now considered top of the head, passive investors have become industry ATM's that are broken, equipment is failing with no hope of repair, more stations are going dark than bulbs on the towers, the economy is contracting and on and on the spiral spins.
It's going to be hum-buggy at CC and Crummy and all the medium and minor groups this Holiday season. What do you folks think, come mid-February to April Fools shouldn't we be able to pick up properties at a rate of about 30% of stick value? ???
Personal confession; thought I'd love to see the day when I could shout 'Told you it would happen' but alas, I only feel sad when I think of all the good people that have been hurt. I'm really looking forward to Spring.
So let us have a quick financial survey of the radio world (there are exceptions to all of these, CMAing): profits are basically nonexistent, more credit is basically nonexistent, selling multiples are measured fractionally rather than by the tens, the property values for buildings are diving, promotions are less than laughable, what used to be the most pathetic on air talent is now considered top of the head, passive investors have become industry ATM's that are broken, equipment is failing with no hope of repair, more stations are going dark than bulbs on the towers, the economy is contracting and on and on the spiral spins.
It's going to be hum-buggy at CC and Crummy and all the medium and minor groups this Holiday season. What do you folks think, come mid-February to April Fools shouldn't we be able to pick up properties at a rate of about 30% of stick value? ???
Personal confession; thought I'd love to see the day when I could shout 'Told you it would happen' but alas, I only feel sad when I think of all the good people that have been hurt. I'm really looking forward to Spring.