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View Full Version : Corporate radio takes a hit

Perry Holley
03-10-2005, 03:42 PM
This week, media giant Viacom Inc. disclosed that it wrote down the value of its radio business by $11 billion and the nation's largest radio chain, Clear Channel Communications Inc., said it lost $4.7 billion in the fourth quarter, mostly due to an accounting charge.

Anything involving Clear channel getting kicked in the nuts is ok by me...

http://www.suntimes.com/output/business/radio26.html
Core
03-10-2005, 04:38 PM
Anything involving Clear channel getting kicked in the nuts is ok by me...


Ditto.

I miss being able to hear local programing from local radio stations when I'm on the road.
SUPERECWFAN1
03-10-2005, 05:31 PM
Yeah Clear Channel deserves to have an SEC Investigation now. I mean thier after everyone . I'm sure Howard Stern Is sittin back laughing with glee: "Toss me off your Radio Stations....well now your asses just lot 4.7 Billion dollars. "
Adam Crocker
03-10-2005, 05:43 PM
What's even better are the REASONS for their losses... http://www.issue9mm.com/forum/images/smiles/icon_biggrin.gif

Industry observers say many of the problems reflect the industry's focus on profits and Wall Street, rather than consumers. Specifically, they point to cost-cutting that compromised the quality of programming, and a tendency to put more advertising on the air, alienating listeners with what's known as advertising "clutter."

Sweet, sweet justice. They are getting exactly what they deserve for lowering the general quality of radio. http://www.issue9mm.com/forum/images/smiles/icon_cool.gif
howyadoin
03-10-2005, 06:08 PM
Couldn't have happened to a nicer bunch of shit-eating scumbags.
ZombieHavoc
03-11-2005, 06:08 AM
radio sucks. i would listen to more classic rock radio if i didnt get bombarded with commercials for useless shitty products and have to listen to idiot djs and what not in between.
Michael P
03-14-2005, 08:29 PM
What's even better are the REASONS for their losses... Industry observers say many of the problems reflect the industry's focus on profits and Wall Street, rather than consumers.Ladies and gentlemen, the American economy in one sentence.
Alex
03-14-2005, 08:37 PM
This is no victory, Radio still sucks.
howyadoin
03-14-2005, 09:03 PM
This is no victory, Radio still sucks.What's bad for your enemies is automatically good for you.
Alex
03-14-2005, 09:10 PM
What's bad for your enemies is automatically good for you.
When MTV goes bankrupt because people stopped watching it due to the little music they showed, ill claim victory.
Cayman
03-15-2005, 05:54 AM
I used to love listening to the radio, but now almost every station is generic and obnoxious. I doubt this'll change anything overall, but it's nice to see the bad guys get screwed over.

Cay
Punchy
03-15-2005, 09:35 AM
Hopefully a step in the right direction.

i.e. bankrupcy of Clear Channel and Viacom
Michael P
03-15-2005, 08:25 PM
Hopefully a step in the right direction.

i.e. bankrupcy of Clear Channel and Viacom
*wonders what that would do to housing costs in Manhattan*