Post by Billy Uranus on Oct 15, 2012 9:35:31 GMT -5
The MTV Founder and current Clear Channel CEO has a bright outlook for the future of radio, despite the general public and most involved thinking its best days are in the past. He wants to make it cool again.
THE WALL STREET JOURNAL profiles CLEAR CHANNEL CEO BOB PITTMAN in an article in which he explains how and why he wants to make radio "cool again." Writes THE JOURNAL, "It is a challenge unlike anything else he has taken on. Whereas his involvement with both MTV and AOL occurred when they were fresh and new, Radio is one of the oldest of old media. Its future was bleak even before the Internet and satellite radio came along, but now traditional radio faces an array of digital competitors in streaming music services, from PANDORA to SPOTIFY." The article notes that PITTMAN's job is hanpered by the slow growth of radio advertising, which "grew just 1% to $17.4 billion in 2011, according to the RADIO ADVERTISING BUREAU," and by the mountain of debt hanging over the company. "To make life even tougher, CLEAR CHANNEL is laboring under $20 billion of debt, a legacy of a 2008 leveraged buyout arranged right before that year's financial crisis. The company reported $4 billion in losses for each of 2008 and 2009 due to onerous impairment charges. By 2011, the outlook improved but the company was still in the red to the tune of $302 million." "BOB's drawn to the challenge of a turnaround and working on something that most people think is doomed," said former MTV Chief TOM FRESTON, to the paper.
XFER: Well Ivan or whatever it is your name (lol) it's hard not to miss someone when we're so few. <3
Jul 6, 2013 19:01:58 GMT -5
XFER: Ok Ivan, come back!
Jul 10, 2013 7:48:16 GMT -5
Deleted: XFER, i am back. I have something that i think i can spend time posting here. IvanHoe Artists and Songs Chart is gonna be my main purpose here. not expecting people to read. Just me posting my ranking on all the artists i heard in my life. From famous
Jul 14, 2013 3:27:01 GMT -5
Deleted: singer lady gaga to non famous singer Chris Wallace. From One Direction to Onerepublic.
Jul 14, 2013 3:27:49 GMT -5
Pipa: So this station just popped up... www.whistlerfm.ca/ How does a city of 9,000 get a Triple A station, anyway?
Jul 15, 2013 12:03:42 GMT -5
Mrs. KP: SO BUSY WITH COLLEGE.. My god!
Sept 15, 2013 19:28:15 GMT -5
Pipa: Remember when this chatbox was the hip place to be?
Dec 20, 2013 10:43:15 GMT -5
Billy Uranus: It's time to be hip for 2014.
Jan 6, 2014 23:56:11 GMT -5
Mrs. KP: Wow has it been this long?!
Mar 8, 2014 13:58:56 GMT -5