[BC] Clear Channel Wants More?
Rich Wood
richwood
Tue Oct 4 09:21:47 CDT 2005
------ At 08:37 AM 10/4/2005, Tom Dimeo wrote: -------
>On the news this morning I heard that billing for Clear
>Channel is down thirteen percent. The report also said that
>Clear Channel wants to be able to own ten stations in markets
>where there are sixty or more stations.
I curious what "sixty or more stations" means. Is it 60 receivable
stations or 60 stations licensed to the metro? I haven't researched
it but it doesn't seem there are many markets with that many
stations. I'm also not sure how he can be so sure additional stations
will bring the ratings needed to increase billing. Wouldn't it be a
surer bet to divest unprofitable stations? I suppose someone could
buy one and make it profitable, creating a new competitor. If radio
is dying, why buy more? If the head of Gargantua International is
afraid of Podcasts we really have a problem.
This sounds a little like Lee Iacocca complaining to the government
that American cars weren't selling well in Japan. American cars were
too big and had the steering on the wrong side. The government was
supposed to help by forcing Japan to accept more, rather than
redesign the cars to be attractive to Japanese consumers.
I find it ironic that Clear Channel was one of the original investors
in XM and helped create a new competitor.
Rich
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