Re: the government is always right, sometimes.
That's kinda' funny. Hispanic Broadcasting Corporation, when it merged (no debt created) had no debt and several hundred million in cash on hand.
Radio is in the doldrums because it is not considered a mature industry, with slow or flat growth.
Since you do not understand, obviously, the term "equity financing" here is the simple version: You buy something. You give the previous owner a part of your company in return. No cash, no debt, and the seller can take the stock and hold or sell at will.
Trying to run a lean business is a model every company follows. Were it not so, we would still have operators at the transmitter, board ops, manual accounting in ledgers, and do commercial logs on erasable sheets of plastic.
Actually, since you hav eNOT looked at the debt to equity ratios, you are pretty much spitting into the wind.
But go ahead and believe the FCC report. Once you digest it fully, I would like you to see the Warren Report, the one that showed no WMDs in Iraq and a few other examples of how the government is right.
So what? I wouldn't invest a nickle in any corporate broadcaster, not with people like you running them.
That's kinda' funny. Hispanic Broadcasting Corporation, when it merged (no debt created) had no debt and several hundred million in cash on hand.
It is a well established fact that Wall Street, the FCC, and MainStreet investors all considered the radio industry to be overburdened with acquisition debt for the last decade. The big companies are working out of the pile of IOUs, to their business-acumen credit. And they are doing that by firing people, screwing the listeners, cutting costs, programming for th elowest common denomintaor, to their real-world detriment.
Radio is in the doldrums because it is not considered a mature industry, with slow or flat growth.
Since you do not understand, obviously, the term "equity financing" here is the simple version: You buy something. You give the previous owner a part of your company in return. No cash, no debt, and the seller can take the stock and hold or sell at will.
Trying to run a lean business is a model every company follows. Were it not so, we would still have operators at the transmitter, board ops, manual accounting in ledgers, and do commercial logs on erasable sheets of plastic.
For you to argue otherwise just shows what a corporate shill you are.
Actually, since you hav eNOT looked at the debt to equity ratios, you are pretty much spitting into the wind.
But go ahead and believe the FCC report. Once you digest it fully, I would like you to see the Warren Report, the one that showed no WMDs in Iraq and a few other examples of how the government is right.