[BC] Clear Channel planning to sell off

[PeterH5322]

>According to drudgereport.com, 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.

Who isn't selling off radio stations?

General Electric guessed right, and began selling its stations (and the 
then recently acquired NBC stations) off 20 years ago.

ABC/Disney is selling all the ABC-branded stations, but is keeping the 
ESPN- and Radio Disney-branded stations.

CBS is selling stations. Some are forced sales, on account of too many 
stations after the merger with Westinghouse. Some have been in trusts, 
awaiting a buyer.

Look for CC to sell marginal stations all over the place, yet keep all 
its Class As, and also its full power low-frequency Class Bs in medium to 
large markets.

Look for everyone to "off" stations which are operating with less than 
adequate dial position and power. Particularly those with PSSAs.

Cumulus and Citadel may think they are upgrading their long-term 
positions by acquiring major market stations.

But, someone who feels perfectly comfortable operating a 50,000 watt 
Class A blowtorch in the Bible Belt, broadcasting gospel music to a few 
hundred thousand "true believers", has got another thing coming when it 
comes to programming a 50,000 watt Class A blowtorch in a top-5 market of 
very diverse listeners, probably none of which have stepped into a church 
since their baptism, their marriage (assuming they are even married at 
all), or the funeral of their parents.