The bad news about Radio.com is it's been managed badly. They really had the chance to build a formidable competitor to iHeartRadio, and missed it. However, my view is there's more money to be made by owning your own platform, and the branding is potentially useful if they manage it well. They will have a huge project removing the radio stations from the CBSlocal platform. In my view, that corporate approach kept Radio.com from becoming more successful. Now that radio will be separate from the TV stations, they have the opportunity to build a huge digital presence by combining all of their radio stations on the one platform. I think that's the way they will go.
