Re: [IRCA] Clear Channel planning to sell off

[Russ Edmunds <wb2bjh@xxxxxxxxx>]

--- Bill Harms <wharms@xxxxxxxxxxxxxx> wrote:

> According to drudgereport.com on Thursday evening 9/14, Clear Channel
> 
> is planning on selling off radio stations.  Granted this is not 
> verified yet, but I have to wonder why he is reporting this.  
> 
>

*** While I agree with your wariness on the source, I wouldn't think
this would be terribly surprising. There have been numerous reports
over the past year or so that the combination of their over-buying some
years back, declines in radio revenues overall, plus the costs of
adding IBOC would force them to liquidate some stations for cashflow
purposes. They certainly have some excesses of stations in some markets
which are expendable.


Russ Edmunds
Blue Bell, PA  ( 360' ASL )
[15 mi NNW of Philadelphia]
40:08:45N; 75:16:04W, Grid FN20ID
<wb2bjh@xxxxxxxxx>
FM: Yamaha T-80 & Onkyo T-450RDS w/ APS9B @15'
AM: Hammarlund HQ-150 & 4' FET air core loop

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