Ah, ah, ah... let's be careful here:
As it happens the conglomerates own concentrations of stations (clusters) in most major markets. Yes, they also own in markets like Youngstown, Providence, Syracuse and as is the case of Entercom, Buffalo. But clearly, these companies cornered the market in the majors. LA, NYC, Boston, Chicago. From my perspective, this has led to homoginized, mediocre radio, with a tit-for-tat approach, especially when it comes to staffing and programming.
Station X runs Delilah at night. Station Y retaliates with Kim Iverson. Station Z adds John Tesh. Station Q had a live, local night show that did very well, but they 'canned the night guy and now voice tracked the daypart with some generic guy from Scranton.
I know, I know... Steve Harvey, Tom Joyner, Rush, Imus, Stern... BTW, BigA, Wease beat Stern in Rochester and I believe Norton beat Stern in Buffalo. According to Ron Dobson's blog, many years ago when he was on WGR, Dobson was on his way to beating Rush when the plug was inexplicably pulled on him because WBEN and WGR were co-owned or in an LMA or something of that nature.
Next observation. And excuse me for getting off on a tangent. Another perspective is the polarization that occured within the staffs in news-talk formats. For example, years ago at WABC, the news department was getting whittled down while at the same time, exorbitant amounts of money were being spent on talkers. Same happened at WLS, to a degree. Sorry I cannot quote specifics. The situations were written up in the local press and mention was made in Radio & Records and Broadcasting & Cable. The news departments were grunting it out on the streets while the yakkers were sitting in a studio making big money.
Now then, back to the fray.
A good correlation is made to the FCC and the SEC. What we've seen in the last eight to 12 years (and please, I'm not trying to turn this into a conservative v. liberal political pissing match) is a lot of "looking the other way" by federal agencies charged with dutifully regulating everything from mining, health, education, banks and broadcasting. And speaking of Madoff, it's been documented in hearings and publications that the SEC was alerted to Madoff but chose NOT to follow up on investigating him and his operations. This happened under Dubya's watch, but again, Clinton was no saint, either.
It's my contention (and I'll argue this against all the "facts" that anybody offers to counter my contention) that big radio companies didn't help matters. I say this after watching friends work in ALL aspects of the radio business, from management to the front lines in sales and on-air get fired. It's as if the limbs of the patient have been cut off, but the doctors expect the patient to run the 50 yard dash in 40 seconds.
The big boys of radio created junk bonds and Wall Street couldn't get enough. Wall Street then turned around and sold the crappy stocks, bonds and mutual funds to Americans who were all to eager to jump on the prosperity train in their 401k's. Why get a steady 5% a year when you can jump into a fund that yields 25% a year.
America is damned by debt, whether it's individuals or corporations. For so many years, Americans had a savings rate in negative numbers. NEGATIVE numbers. Corporate America wasn't any better. Clear Channel, Cumulus, Entercom, Citadel and Emmis couldn't AFFORD to buy the stations they bought. They cooked the books. OK, they didn't "cook" the books, they re-wrote a few chapters and created a happy ending... still, it was FICTION.
Well, the chickens have come home to roost. Radio's on the brink. If Sirius-XM tanks, it's likely to start a domino effect. I'm not yet wholly convinced, but each day I get closer to believing that the only thing that's going to solve this mess and stop the profuse bleeding is bankruptcy.
One thing more. I suspect BigA has not received such robust response on any other board in the R-I network. Buffalo (and Rochester too). City of no illusions. In a way, we're like Missouri... you gotta show us.
Clear Channel, CBS, Citadel, Cumulus and the other big companies own less than 25% of all radio stations in this country
As it happens the conglomerates own concentrations of stations (clusters) in most major markets. Yes, they also own in markets like Youngstown, Providence, Syracuse and as is the case of Entercom, Buffalo. But clearly, these companies cornered the market in the majors. LA, NYC, Boston, Chicago. From my perspective, this has led to homoginized, mediocre radio, with a tit-for-tat approach, especially when it comes to staffing and programming.
Station X runs Delilah at night. Station Y retaliates with Kim Iverson. Station Z adds John Tesh. Station Q had a live, local night show that did very well, but they 'canned the night guy and now voice tracked the daypart with some generic guy from Scranton.
I know, I know... Steve Harvey, Tom Joyner, Rush, Imus, Stern... BTW, BigA, Wease beat Stern in Rochester and I believe Norton beat Stern in Buffalo. According to Ron Dobson's blog, many years ago when he was on WGR, Dobson was on his way to beating Rush when the plug was inexplicably pulled on him because WBEN and WGR were co-owned or in an LMA or something of that nature.
Next observation. And excuse me for getting off on a tangent. Another perspective is the polarization that occured within the staffs in news-talk formats. For example, years ago at WABC, the news department was getting whittled down while at the same time, exorbitant amounts of money were being spent on talkers. Same happened at WLS, to a degree. Sorry I cannot quote specifics. The situations were written up in the local press and mention was made in Radio & Records and Broadcasting & Cable. The news departments were grunting it out on the streets while the yakkers were sitting in a studio making big money.
Now then, back to the fray.
A good correlation is made to the FCC and the SEC. What we've seen in the last eight to 12 years (and please, I'm not trying to turn this into a conservative v. liberal political pissing match) is a lot of "looking the other way" by federal agencies charged with dutifully regulating everything from mining, health, education, banks and broadcasting. And speaking of Madoff, it's been documented in hearings and publications that the SEC was alerted to Madoff but chose NOT to follow up on investigating him and his operations. This happened under Dubya's watch, but again, Clinton was no saint, either.
It's my contention (and I'll argue this against all the "facts" that anybody offers to counter my contention) that big radio companies didn't help matters. I say this after watching friends work in ALL aspects of the radio business, from management to the front lines in sales and on-air get fired. It's as if the limbs of the patient have been cut off, but the doctors expect the patient to run the 50 yard dash in 40 seconds.
The big boys of radio created junk bonds and Wall Street couldn't get enough. Wall Street then turned around and sold the crappy stocks, bonds and mutual funds to Americans who were all to eager to jump on the prosperity train in their 401k's. Why get a steady 5% a year when you can jump into a fund that yields 25% a year.
America is damned by debt, whether it's individuals or corporations. For so many years, Americans had a savings rate in negative numbers. NEGATIVE numbers. Corporate America wasn't any better. Clear Channel, Cumulus, Entercom, Citadel and Emmis couldn't AFFORD to buy the stations they bought. They cooked the books. OK, they didn't "cook" the books, they re-wrote a few chapters and created a happy ending... still, it was FICTION.
Well, the chickens have come home to roost. Radio's on the brink. If Sirius-XM tanks, it's likely to start a domino effect. I'm not yet wholly convinced, but each day I get closer to believing that the only thing that's going to solve this mess and stop the profuse bleeding is bankruptcy.
One thing more. I suspect BigA has not received such robust response on any other board in the R-I network. Buffalo (and Rochester too). City of no illusions. In a way, we're like Missouri... you gotta show us.