stafferman said:
It's a shame CBS Radio is only in Charlotte, I know someone that works in Charlotte only Part-Time, they make a great wage considering the hours they work and it's literally the ONLY stable company left in the business.
Clear Channel will eventually blow up, Cumulus is the latest debt ridden mess of a company and they took over unprofitable messes all around the nation, Curtis Media is in shambles from what I understand and they're notorious for basically paying people food stamp wages, and other local groups can't pay anything either.
As much as people want to rail on the "Corporate" side of radio, you do need some sort of corporate stability to make a living. The little mom and pop radio operations only make enough money for the owner. Everyone else, INCLUDING sales, is practically a volunteer.
It's not a big secret that Cumulus and CBS are working on some projects together but there's more beneath the surface. Cumulus would love to buy CBS and Les Moonves would love to sell it....for the right price. Don't be surprised if a purchase comes down soon.
CBS Radio will stay around because it's part of one of the largest media companies in the world. I would absolutely love to work for them, as they absolutely get radio. I would love for them to buy one or two stations in Raleigh, but they intend to stay in bigger markets. I think they learned their lesson from the buying extravaganza by CC and Cumulus and said "No way we're doing that!"
On the flip-side, Clear Channel does seem to be on the road to bankruptcy. With the way they expanded, and the depreciation in value their stations have, I expect a chapter 11 by 2016. And when that happens, there will be many a transmitter turned off or sold to try and salvage the company. The recent bloodletting is proof that the company is in pretty serious trouble.