OreoJoe417 said:
I listen to Armstrongs radio show on WBIX and heard the cohost Scotty Mccall say Money Matters is picking up a new local affiliate. Rumor has is that WCRN will be airing them again. Does anyone know if this is true? I thought WCRN was done....Armstrongs show is gaining traction, could he save 830AM if the rumor is true?
Does it strike anyone as odd that, in these days when financial institutions of all types are talking about their own dire financial conditions, and reaching out their open hands for bailouts, Armstrong is about to significantly increase his operating expenses by buying time on WCRN? Remember, Armstrong also buys time on WBIX, which puts a middling signal into Worcester (better than nearly all of the Boston-licensed AMs). And he owns WESO, which now carries his program and is audible in Worcester. And WBIX is the station whose former owner (or former about-to-be-owner) is serving 11 years in prison for perpetrating a Ponzi scheme similar to Bernie Madoff's (though on a smaller, but still very significant scale). So what gives? Are the Carberry's in need of Armstrong's services and are paying for them in tradeouts? Or is it something nefarious? Remember, Madoff boasted of spectacular returns, which, because they were phony, he could do--until his house of cards collapsed. To Armstrong's credit, I have never heard him boast about any returns he has gotten for his clients. And I enjoy listening to his show, which I think, by and large, provides decent advice. But this is a time to be circumspect and I'm wondering if adding WCRN to the network might not be a red flag.