Some people seem to think it's still the '80s.
You won't recognize radio in a-year-and-a-half.
I don't mean Providence radio...I mean RADIO.
This particular deal is the starting gun for Consolidation 3.0...and it WON'T be pretty.
In this case, untenable debt takes-on already-untenable debt.
And that'll be financed by cutting-WHAT?
There's so-little-left-to-cut that this'll change radio.
And not just this-particular-deal.
This'll trigger more deals.
Entercom...Saga...pick a group.
In order to be "big," you'll now have to be bigger.
Cut, cut, cut.
YET, if you view this rape-and-pillage from 30,000 feet, THE OPPORTUNITY is obvious.
HC
www.HollandCooke.com