tag:blogger.com,1999:blog-3406438944314676533.post5282952804587762083..comments2013-04-14T22:09:29.404-04:00Comments on George Reed's Radio/TV Station Trading Views: Restructuring An Entire Industry (Radio)George Reedhttp://www.blogger.com/profile/05642321040163272523noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3406438944314676533.post-55174277203577287412009-04-27T17:10:00.000-04:002009-04-27T17:10:00.000-04:00Gregg,
If there EVER was a time when cash was Kin...Gregg,<br /><br />If there EVER was a time when cash was King, it is now.<br /><br />GeorgeGeorge Reedhttps://www.blogger.com/profile/05642321040163272523noreply@blogger.comtag:blogger.com,1999:blog-3406438944314676533.post-84907103773206512292009-04-27T13:15:00.000-04:002009-04-27T13:15:00.000-04:00as i once learned from a business master...
"if yo...as i once learned from a business master...<br />"if you have the cash the luck will come"Anonymoushttps://www.blogger.com/profile/11377325816206197092noreply@blogger.comtag:blogger.com,1999:blog-3406438944314676533.post-28271960163422221202009-04-27T09:10:00.000-04:002009-04-27T09:10:00.000-04:00"Over-leveraged and under-operated broadcasting co..."Over-leveraged and under-operated broadcasting companies". Doesn't that describe almost every radio company in America? <br /><br />"Existing broadcasters without a leverage problem...". You can count those on one hand - there certainly aren't enough of those to be significant to an industry-wide financial restructuring. <br /><br />"Existing broadcasters who become pro-active in dealing with their problems." How can an enlightened operator or two thrive in the face of a business that's been stripped mined by greedy incompetents? <br /><br />Radio revenue was sinking when the economy was growing and as Bill Steding pointed out, radio's product is hackneyed and overworked. <br /><br />Reversing radio's problem will require that the radio industry understand the death knell that the music industry is leveling on it - particularly embracing the fact that the webcast royalties are a bigger threat than the terrestrial ones.<br /><br />Sadly, it could well be that a financial reset at 4x cash flow might only send a radio company - even one with better operators, back 5 years but leave it on the same path.Anonymousnoreply@blogger.com