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(Bloomberg)   IHeart Media, aka Clear Channel, aka The Company That Gutted The Radio Industry Over The Past 20 Years, is preparing for bankruptcy   ( bloomberg.com) divider line
    More: Spiffy, Chief Executive Officer, Debt, bankruptcy filing, senior creditors, iheart, biggest U.S. radio, Embattled IHeartMedia Inc., pre-negotiated restructuring plan  
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1522 clicks; posted to Business » on 02 Mar 2018 at 2:05 PM (33 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2018-03-02 01:57:06 PM  
Ironic tag hasn't listened to a radio in years except while in a taxicab. He blocks it out with iTunes.
 
2018-03-02 02:10:41 PM  
Let's see, my market has:

Classic rock
Hard rock
Top 40
2-3 adult contemporary
2-3 contemporary country
1-2 hip-hop
NPR

And all of them play the same playlist every single day. Hard to imaging people listening to a massive library of free streaming music or paying $5-$10 a month for no commercials and an even bigger library.

Granted, I've seen some newer low-power stations pop up in the cities with a much better variety, but you still have a jabbering jackass every 6 minutes followed by 10 minutes of commercials.

And that isn't even touching on podcasts.
 
2018-03-02 02:11:24 PM  
Ladies and gentlemen, Bonnie Tyler
Bonnie Tyler - Total Eclipse of the Heart (Video)
Youtube lcOxhH8N3Bo
 
2018-03-02 02:11:40 PM  
Heartbreaking.
 
2018-03-02 02:12:49 PM  
There is exactly ONE reason why I listen to radio and that's a kick ass morning radio show called Greg & The Morning Buzz.

Other than that, my music comes from YouTube and iTunes.
 
2018-03-02 02:16:40 PM  
Terrestrial radio is only useful for traffic reports, and those are at least 20 minutes out of date.
 
2018-03-02 02:18:25 PM  
Good. FU*K Clear Channel in the ass with an AID-infested cactus.
 
2018-03-02 02:19:54 PM  
Whose fault is it?

/prolly quigs
 
2018-03-02 02:20:25 PM  

MightyPez: Let's see, my market has:

Classic rock
Hard rock
Top 40
2-3 adult contemporary
2-3 contemporary country
1-2 hip-hop
NPR

And all of them play the same playlist every single day. Hard to imaging people listening to a massive library of free streaming music or paying $5-$10 a month for no commercials and an even bigger library.

Granted, I've seen some newer low-power stations pop up in the cities with a much better variety, but you still have a jabbering jackass every 6 minutes followed by 10 minutes of commercials.

And that isn't even touching on podcasts.


We have a station owned by Cumulus that does a lot of local stuff - it's not strictly speaking a college station, but it's in a college town so does a lot of college-station-ish stuff.

Also, I'm close enough to the border that I can get a CBC station.
 
2018-03-02 02:20:36 PM  
Buggles - Video killed the radio star 1979
Youtube Iwuy4hHO3YQ
 
2018-03-02 02:21:42 PM  
Would people actually listen to FM radio anymore even if it wasn't all corporate and generic? I get the feeling iTunes/Spotify/Amazon/Google/SiriusXM are all people listen to anyways. Maybe it's a chicken-and-egg thing, though.
 
2018-03-02 02:24:53 PM  

Stavr0: Ladies and gentlemen, Bonnie Tyler
[Youtube-video https://www.youtube.com/embed/lcOxhH8N​3Bo]


ahem..

The Dan Band - Total Eclipse of the Heart
Youtube cIRiZsDObrU

I am totally over Pandora, it is as bad as radio, same songs no matter how many "stations" you have.  Looking at spotify, but its basically just as bad.

Just tired of the same old songs every few mins...
 
2018-03-02 02:25:17 PM  

FrancoFile: MightyPez: Let's see, my market has:

Classic rock
Hard rock
Top 40
2-3 adult contemporary
2-3 contemporary country
1-2 hip-hop
NPR

And all of them play the same playlist every single day. Hard to imaging people listening to a massive library of free streaming music or paying $5-$10 a month for no commercials and an even bigger library.

Granted, I've seen some newer low-power stations pop up in the cities with a much better variety, but you still have a jabbering jackass every 6 minutes followed by 10 minutes of commercials.

And that isn't even touching on podcasts.

We have a station owned by Cumulus that does a lot of local stuff - it's not strictly speaking a college station, but it's in a college town so does a lot of college-station-ish stuff.

Also, I'm close enough to the border that I can get a CBC station.


I have103 stations on the AM dial screaming about the end times and please send them money.
 
2018-03-02 02:25:58 PM  

RangerTaylor: Whose fault is it?

/prolly quigs


HA!
 
2018-03-02 02:26:08 PM  
The Last DJ - Tom Petty & The Heartbreakers, official video
Youtube gOd3tan59BE
 
2018-03-02 02:27:06 PM  
img.fark.netView Full Size
 
2018-03-02 02:29:06 PM  
Check if your city has radio stations supported through contributions. I have a couple and they're great. They're not going to play the latest top 40, but they play a great mix of new and old songs, nontraditional songs, etc. And the best part is no commercials. Even if regular stations played great music, it's not worth listening to because of how annoying the commercials are.
 
2018-03-02 02:29:26 PM  
I heard about it on KISS-FM, or was it Jack-FM?
 
2018-03-02 02:30:48 PM  
I'd suggest that if you break the industry badly enough you can negotiate down radio royalties to make the well spread 10 minutes an hour of ads pay for things.

In 2004ish I had gotten a pair of FM headphones to listen to the one rock station in Tyler while jogging. First time using them, 20 minutes solid commercials. Straight in the trash. MP3 ever since.
 
2018-03-02 02:35:23 PM  

dionysusaur: Terrestrial radio is only useful for traffic reports, and those are at least 20 minutes out of date.


Waze does a better job with traffic. Plus I download enough podcasts on Spotify besides the music i listen to that I don't miss radio. NPR around here (Philly) on the drive to and from work is just meh lately. Only thing on Sirius I miss is simulcast of MSNBC or POTUS channel.
 
2018-03-02 02:36:45 PM  
IHeart is controlled by Bain Capital and Thomas H. Lee Partners, which staged a leveraged buyout in 2008

With Bain involved, they most likely have been looking forward to this day.
 
2018-03-02 02:37:13 PM  

mutterfark: [YouTube video: The Last DJ - Tom Petty & The Heartbreakers, official video]


Came here to post this very video.

/been listening to a lot of Tom lately
 
2018-03-02 02:39:10 PM  

Hopman: There is exactly ONE reason why I listen to radio and that's a kick ass morning radio show called Greg & The Morning Buzz.

Other than that, my music comes from YouTube and iTunes.


I normally don't speak ill of the dead, but the Buzz has gotten better since the Wisdom of Andy Blacksmith ended.

Now if they can just get Laura to be seen and not heard.  Kayla can fill in again, hopefully permanently.
 
2018-03-02 02:40:00 PM  
Which is more of a 'buggy-whip' - AM/FM radio, or the land-line telephone?

All XM anymore, though even they have some stations with commercials. Every time one comes on I turn channels, and if I don't make it back? Oh, well... sorry, Ellis
 
2018-03-02 02:43:13 PM  

MightyPez: And all of them play the same playlist every single day.


Even on the standard "We Play Everything" station around here, I cannot escape hearing "Love is a Battlefield" at least once a day.
 
2018-03-02 02:43:52 PM  

Brokenseas: mutterfark: [YouTube video: The Last DJ - Tom Petty & The Heartbreakers, official video]

Came here to post this very video.

/been listening to a lot of Tom lately


If you haven't see this, I highly reccomend it. It's four hours long, but worth it. I caught it on Netflix.
img.fark.netView Full Size
 
2018-03-02 02:45:11 PM  

Schlubbe: Which is more of a 'buggy-whip' - AM/FM radio, or the land-line telephone?

All XM anymore, though even they have some stations with commercials. Every time one comes on I turn channels, and if I don't make it back? Oh, well... sorry, Ellis


Land line, then AM radio. FM can be easily integrated on phones. Mine has an FM tuner and it works like a charm.
 
2018-03-02 02:45:12 PM  
Chapter 11?

I won't be satisfied until it's Chapter 7.
 
2018-03-02 02:45:26 PM  

Schlubbe: Which is more of a 'buggy-whip' - AM/FM radio, or the land-line telephone?

All XM anymore, though even they have some stations with commercials. Every time one comes on I turn channels, and if I don't make it back? Oh, well... sorry, Ellis


I think the idea of not being able to pick your own playlist very quaint.
 
2018-03-02 02:49:15 PM  

Hopman: There is exactly ONE reason why I listen to radio and that's a kick ass morning radio show called Greg & The Morning Buzz.

Other than that, my music comes from YouTube and iTunes.


Ah, a Rock 101 listener. I have to pass the studio on 293 to get to my friend's place.

\I miss Scorch, there, I said it
 
2018-03-02 02:50:40 PM  
And how am I first with the obvious response?
vignette.wikia.nocookie.netView Full Size
 
2018-03-02 02:51:48 PM  
NYC has lost most of its niche stations to top 40 garbage.

107.5 -  WBLS is an exception, with Disco, R&B, and house. Sometimes gospel.

103.9 tends to play hip hop classics on weekends.
 
2018-03-02 02:58:41 PM  
Couldn't have happened to a nicer person corporation.

Wait, Mitt says that I had it right the first time...
 
2018-03-02 03:00:20 PM  
Radio is dead. Podcasts + music on demand is the future now

There is one radio station I like in my hometown. They play anything and everything.  So does Spotify and spotify's catalog is much deeper. Talk radio sucks, from right wing to left wing to NPR, it's all suck. Everything now is longtail. Longtail is so the current situation, the term is now considered outdated.

Radio = average stuff for average people.
 
2018-03-02 03:02:46 PM  
Barely anyone under 40 listens to the radio. And under 20? They don't even know what it is.

Good riddance, frankly. Even NPR, which has some stuff I really like, is mostly crap.
 
2018-03-02 03:03:02 PM  

FriarReb98: Hopman: There is exactly ONE reason why I listen to radio and that's a kick ass morning radio show called Greg & The Morning Buzz.

Other than that, my music comes from YouTube and iTunes.

Ah, a Rock 101 listener. I have to pass the studio on 293 to get to my friend's place.

\I miss Scorch, there, I said it


This show is terrible. My God, its made for the crack heads that live in Manchvegas.
 
2018-03-02 03:03:12 PM  

uber humper: Radio is dead. Podcasts + music on demand is the future now

There is one radio station I like in my hometown. They play anything and everything.  So does Spotify and spotify's catalog is much deeper. Talk radio sucks, from right wing to left wing to NPR, it's all suck. Everything now is longtail. Longtail is so the current situation, the term is now considered outdated.

Radio = average stuff for average people.


and to continue

there's nothing wrong with being average, it's just that no one is any longer. It went out of style with the industrial age
 
2018-03-02 03:06:06 PM  
my local classic rock station plays the same handful of artists and songs over and over and over.  I only listen getting ready for work, and it's Def Leppard, Aerosmith, Bon Jovi, ZZ Top, Guns n Roses, and AC/DC pretty much every morning.
 
2018-03-02 03:06:11 PM  
Radio in the UK is almost as bad, with the exception of some BBC stations like Radio 4 and their comedy panel shows and stuff. But we don't have the right wing talk channels that the US has.
The body that sets the rules for all commercial channels actually requires a percentage of talk per hour, and stuff like phone ins and other crap. Even if a station wanted to play fifty minutes of music and ten minutes of ads it wouldn't be allowed.
And this is why I don't listen to the radio any more. In my perfect world we'd have universal healthcare, great weather, world peace, no disease and you'd be allowed to punch DJs in the face on sight.
 
2018-03-02 03:11:55 PM  
For all the people freaking about Sinclair taking over all of the local network TV stations in the US, I'm betting this is going to be Sinclair in 10-15 years. The majority of Americans will abandon local TV en masse for streaming services like Netflix and Hulu, local network view ship will collapse and take ad revenue with it, and then Sinclair with be left holding the bag for a lot of expensive stations, broadcast towers, and TV spectrum with little revenue coming in to suppport it.
 
2018-03-02 03:18:42 PM  

Mad_Radhu: For all the people freaking about Sinclair taking over all of the local network TV stations in the US, I'm betting this is going to be Sinclair in 10-15 years. The majority of Americans will abandon local TV en masse for streaming services like Netflix and Hulu, local network view ship will collapse and take ad revenue with it, and then Sinclair with be left holding the bag for a lot of expensive stations, broadcast towers, and TV spectrum with little revenue coming in to suppport it.


There is still a need for some local programming but I can see netflix and hulu to start building local studios, or renovating existing. And there are a couple shows I like on local independent stations, but that can be done with youtube

and that newly freed spectum can be used for other things.
 
2018-03-02 03:24:35 PM  

uber humper: There is still a need for some local programming but I can see netflix and hulu to start building local studios, or renovating existing. And there are a couple shows I like on local independent stations, but that can be done with youtube


Good thing that solves the whole media consolidation problem the Sinclairs and ClearChannels created.
 
2018-03-02 03:28:46 PM  

uber humper: Mad_Radhu: For all the people freaking about Sinclair taking over all of the local network TV stations in the US, I'm betting this is going to be Sinclair in 10-15 years. The majority of Americans will abandon local TV en masse for streaming services like Netflix and Hulu, local network view ship will collapse and take ad revenue with it, and then Sinclair with be left holding the bag for a lot of expensive stations, broadcast towers, and TV spectrum with little revenue coming in to suppport it.

There is still a need for some local programming but I can see netflix and hulu to start building local studios, or renovating existing. And there are a couple shows I like on local independent stations, but that can be done with youtube

and that newly freed spectum can be used for other things.


I dunno. If Sinclair does a shiat job of providing local news content, I could see local vloggers and newspaper company video content filling the void for things like local high school sports, politics, and other news stories.

If the station viewership figures start tanking because there just isn't any good National network content anymore, then it could create a vicious cycle that staves the local newsrooms for resources and causes a new type of print/video blog type hybrid to take hold the way that things like tech blogs have supplanted print magazines for that kind of news.

Traffic and weather are also better handled by smartphone apps. Who needs to sit through the local report waiting for a weather segment when you can keep with with everything better by using a combination off weather app and following the NWS and DOT on Twitter/Facebook.
 
2018-03-02 03:28:50 PM  

uber humper: Mad_Radhu: For all the people freaking about Sinclair taking over all of the local network TV stations in the US, I'm betting this is going to be Sinclair in 10-15 years. The majority of Americans will abandon local TV en masse for streaming services like Netflix and Hulu, local network view ship will collapse and take ad revenue with it, and then Sinclair with be left holding the bag for a lot of expensive stations, broadcast towers, and TV spectrum with little revenue coming in to suppport it.

There is still a need for some local programming but I can see netflix and hulu to start building local studios, or renovating existing. And there are a couple shows I like on local independent stations, but that can be done with youtube

and that newly freed spectum can be used for other things.


Wasn't there a law or regulation recently that said you no longer have to have a local tv studio. So the end of local news anchors is probably nigh.
 
2018-03-02 03:31:07 PM  

brizzle365: Stavr0: Ladies and gentlemen, Bonnie Tyler [Youtube-video https://www.youtube.com/embed/lcOxhH8N​3Bo]

ahem.. [Youtube-video https://www.youtube.com/embed/cIRiZsDO​brU]


Oblig...

Hurra Torpedo - Total Eclipse Of The Heart (live)
Youtube ysUjYAi0WcQ
 
2018-03-02 03:33:37 PM  
iHate Clear Channel, but radio was mostly done in by iPods and streaming.
CC's oversaturating the airwaves with commercials and suckitude made their bad situation worse, I suppose, but it was inevitable that those better alternatives would prevail.
 
2018-03-02 03:37:38 PM  

Mad_Radhu: For all the people freaking about Sinclair taking over all of the local network TV stations in the US, I'm betting this is going to be Sinclair in 10-15 years. The majority of Americans will abandon local TV en masse for streaming services like Netflix and Hulu, local network view ship will collapse and take ad revenue with it, and then Sinclair with be left holding the bag for a lot of expensive stations, broadcast towers, and TV spectrum with little revenue coming in to suppport it.


Maybe.  Keep in mind that the new DTV standard allows for encrypted channels.  So instead of crappy retro digital subchannels, we might see HBO, Showtime, Starz, or other premium content.  Not everyone will have the speeds or data allowances for viewing UHD streaming services, so such PPV channels will still have a place.

Also, if those channels do become unprofitable for TV, expect that Sinclair will push regulators to allow them to retire the TV station and lease the spectrum out for other uses.  There is already a big push to allow WISPs to utilize UHF television whitespace.  Adding on a sub-license system wouldn't be difficult.
 
2018-03-02 04:13:55 PM  

Carter Pewterschmidt: Radio in the UK is almost as bad, with the exception of some BBC stations like Radio 4 and their comedy panel shows and stuff. But we don't have the right wing talk channels that the US has.
The body that sets the rules for all commercial channels actually requires a percentage of talk per hour, and stuff like phone ins and other crap. Even if a station wanted to play fifty minutes of music and ten minutes of ads it wouldn't be allowed.
And this is why I don't listen to the radio any more. In my perfect world we'd have universal healthcare, great weather, world peace, no disease and you'd be allowed to punch DJs in the face on sight.


BBC2 is pretty awesome. Presenters that know and love music + no commercials.
 
2018-03-02 04:19:47 PM  

MightyPez: Let's see, my market has:

Classic rock
Hard rock
Top 40
2-3 adult contemporary
2-3 contemporary country
1-2 hip-hop
NPR

And all of them play the same playlist every single day. Hard to imaging people listening to a massive library of free streaming music or paying $5-$10 a month for no commercials and an even bigger library.

Granted, I've seen some newer low-power stations pop up in the cities with a much better variety, but you still have a jabbering jackass every 6 minutes followed by 10 minutes of commercials.

And that isn't even touching on podcasts.


Are you in my neck of the woods?  ::checks profile::   Close enough.  You may as well be talking about west-central Wisconsin radio as well as yours.
And I was a radio guy for 12 years.  And ever single thing you said is correct.  You can't fight it from the inside, as I found out the hard way.
 
2018-03-02 04:20:50 PM  

John Buck 41: Good. FU*K Clear Channel in the ass with an AID-infested cactus.


"When the Telecom Act lifted the limit of radio stations one company could own, it not only created a climate for mega conglomerates like Clear Channel, it also contributed to the insane slide the music industry has experienced over the past 20 years. If a station in Detroit, for instance, is owned by Clear Channel, the company sets the playlist, not the average DJ.

That creates less diversity over the radio waves, especially if the same corporation owns a large group of stations in one town. In essence, if a Chicago pop station is playing a lot of Britney Spears, it's because CBS -- the corporation that owns a number of radio stations in Chicago -- likes Britney Spears, not because one dude in the music department is into 'Toxic.'

[...]

But what's wrong with Britney Spears? Nothing, really, unless you're some upstart pop diva who just wants a single broadcaster to give her a chance. Or you're an alt-rock radio station that wants to stay afloat by selling ads but can't really compete with Clear Channel's army of salespeople who have access to all manner of radio stations at once, making their deals the best in town.

Or you're a listener in Toledo who doesn't realize that their beloved drive-time DJ isn't actually in Toledo at all, but instead recorded his or her song segues and chatter from some booth in Dallas, where they're being paid a couple thousand dollars more to put in some extra hours by pretending to care about -- or even know about -- a city they've maybe never been to. And yes, that happens. A lot."
 
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