The implications of Clearchannel’s retreat

Nice, uncompromising post by Jeff Jarvis…

It couldn’t happen to a nicer bunch of assholes*. Clear Channel, the radio monster, is looking to sell itself to go private, according to the Times. Why? Because the radio business sucks.

This is why I have not feared media consolidation. Clear Channel, the poster child for evil media conglomerates, bought up stations and sucked cash out of them but now there’s not much left to suck. Consolidation is the act of a dying industry. Well, broadcast won’t die. But it sure as hell won’t grow…

Comments are closed.