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Today's Big News

In a move that stunned the companies’ lenders and Wall Street, Citadel Communications and Regent Communications today emerged from bankruptcy and announced plans to merge.

-Developing
 
in a related item, WKBW received STA to begin transmitting at 500kW.....
 
At a joint press conference held earlier today, Lew Dickey, Farid Suleman and John Hogan all pledged that they and their respective companies will put a premium on quality programming, even if in the shirt term it costs more than what has recently passed for quality.

To quote Suleman "I have had a tough time sleeping at night knowing the way the radio business has been plundered, with my help, by Wall Street. It's time to turn over a new leaf". Hogan added "In the long run, this will benefit not only the industry, but the listening public as well." Dickey concurred "We have a lot of making up to do."
 
Citing cost vs. sample size and accurary, Arbitron scuttles PPM and reverts to diary method in all markets. Industry scraps voicetracking and re-hires local talent.
 
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