4 progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptcies
Four progressive talk radio stations drop; industry analyst predicts multiple conglomerate bankruptciesJerry Del Colliano, a prominent radio industry analyst, is predicting the possibility of multiple bankruptcies in the radio industry. Colliano was recently quoted in a news story about stealth layoffs at Clear Channel, and in a Politico article which was also about those layoffs. The Clear Channel layoffs were executed quietly to avoid negative publicity for Mitt Romney, whose former private equity firm Bain Capital owns Clear Channel.
The networks tried to leverage debt into outsized growth. Deep in the red, they had not counted on the industry disaster that I have started calling the Rush Limbaugh Effect.
There are several reasons major radio industry corporations find themselves in danger of crashing to earth, but one of particular interest is the activism of many thousands of outraged consumers in the aftermath of the Limbaugh attack on student Sandra Fluke.
More Rush Limbaugh, here.
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by running low powered stations that actually performed a service to the community found their doors kicked down by gun wielding FCC and FBI during the Chimpy years.
this is what happens when you aren't broadcasting Limbaughs filth.
FUCKERS
This morning, liberal host Stephanie Miller denounced the Rush boycott as having been responsible for the shutdown of several progressive stations. You see, many of Limbaugh's sponsors also backed talk shows across the political spectrum, including most of the progressive talk shows. When put under pressure because of the Fluke affair, some responded, not just by dumping Limbaugh, but by deciding to get out of the "controversial" political talk format altogether. Rush had no problem finding new sponsors; left-wing shows, not do much. And, with ad revenue dropping, stations had all the more impetus to switch to a non-controversial format like sports. So, the Limbaugh boycott may have well cost us our one progressive station here in deep-blue Seattle, while THREE right-wing stations continue on... 
