From INSIDE RADIO:
Randy Michaels and Stu Krane are back - and they've bought the Ed Schultz progressive talk show. "P1" - for "Product 1st" - is the new venture of former Clear Channel and Jacor CEO Michaels and former ABC and Premiere VP Krane. Their first acquisition is the 18-month-old Ed Schultz daily talkshow - which P1 says is now cleared in 95 markets, including 8 of the top 10. Seller in this deal is the D.C.-based Democracy Radio, whose Tom Athans says
they've "accomplished our first mission, which was to prove that there is a tremendous audience for progressive talk." Jones Radio Networks will continue to rep the Ed Schultz show for ad sales. Michaels and onetime Rush Limbaugh syndication exec Stu Krane say they're intent on generating both "ratings and revenue."
Randy Michaels and Stu Krane are back - and they've bought the Ed Schultz progressive talk show. "P1" - for "Product 1st" - is the new venture of former Clear Channel and Jacor CEO Michaels and former ABC and Premiere VP Krane. Their first acquisition is the 18-month-old Ed Schultz daily talkshow - which P1 says is now cleared in 95 markets, including 8 of the top 10. Seller in this deal is the D.C.-based Democracy Radio, whose Tom Athans says
they've "accomplished our first mission, which was to prove that there is a tremendous audience for progressive talk." Jones Radio Networks will continue to rep the Ed Schultz show for ad sales. Michaels and onetime Rush Limbaugh syndication exec Stu Krane say they're intent on generating both "ratings and revenue."