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View Diary: Rush flushers seeking to hold Limbaugh accountable for hate speech are crippling the radio industry (139 comments)

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  •  Not so much true (17+ / 0-)

    The conglomerates that own most radio stations these days have been in deep trouble for years, starting when the Telecommunications Act of 1996 was passed. That touched off the high-dollar sales of locally owned stations to major chains as everything started to consolidate. The prices paid for stations were nuts; very few mom-and-pop owners could resist.

    The result, of course, was that all these chains have staggering debt loads, and they have tried to cut their way into solvency, essentially eliminating radio as a career field for anyone with talent and creativity. Reliance of syndicated shows is ultimately cheaper than relying on local talent or developing distinctive stations tailored to the market. But the cuts just won't keep up with the debt.

    This story is about far more than Limbaugh. It's abut chickens coming home to roost. And there are very few "deep pockets" in radio anymore to sustain money-losing prospects.

    Take the "Can't(or)" out of Congress. Support E. Wayne Powell in Va-07.

    by anastasia p on Thu Nov 22, 2012 at 02:16:35 PM PST

    [ Parent ]

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