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MAYS Family Smells the Scent of LOSS

 
Radioman
User ID: 126953
United States
10/26/2006 09:35 AM
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MAYS Family Smells the Scent of LOSS
You remember when the Mays Family went into nearly every radio market and bought out local radio stations?

Now, the Mays Family wants to sell Clear Channel to some Sucker; they know that radio is, for the most part, dead on arrival and they want out before they lose the mega billions they robbed from local listeners with their network programming and very little, if any, local stuff which left many local markets without any outlet to serve the community.

Generally, the Mays Family operation was centered on fleecing the communities they bought stations. They fired good talent and replaced them with low salaried people.

Another company, CUMULUS did the same thing. I wonder when they'll put up their stations for sale too?
Radioman (OP)
User ID: 126953
United States
10/26/2006 09:39 AM
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Re: MAYS Family Smells the Scent of LOSS
Here's a ling from Drudge.

[link to www.bloomberg.com]





GLP