B
bluescreen
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This quote came from a conference call he had to discuss the deal (courtesy of R&R's website):
"I really believe [consolidation] helps on both sides — revenue and expense — and I think you're going to see some compelling reasons for it to continue. When it's done thoughtfully and you can put assets together that fit well into easy combinations and manage them effectively, we believe there's a great deal of benefit."
What that says to me is more stations + fewer employees (or lower wages) = more profit.
"I really believe [consolidation] helps on both sides — revenue and expense — and I think you're going to see some compelling reasons for it to continue. When it's done thoughtfully and you can put assets together that fit well into easy combinations and manage them effectively, we believe there's a great deal of benefit."
What that says to me is more stations + fewer employees (or lower wages) = more profit.