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[Dalek]

The schadenfreude for Howard must be off the charts.

He was loving it. He tried to sue them for not honoring his contract with them and they basically laughed at him.

 

[chuckddd]

Figures Bain was involved

 

[blame space]

I'm starting to think these guys don't really ❤ media

 

[Surface of Me]

This is funny considering I listen to a lot of iHeart Radio ad talk about how they dont want your money and say dont worry about how we get money.

 

[rrs]

They own none of the radio stations here, the market here isn't big enough for the all seeing eye to destroy

 

[Mr. Wonderful]

Go out of business and repurpose the airwaves in some sort of publicly beneficial way please. K thanks.

 

[bucknuticus]

Those are the biggest stations in Columbus more or less, 97.9 WNCI is the highest rated station in Columbus and one of the highest rated stations in the US.

Be interesting to see what happens with this


Long live independent radio!

 

[ahoyhoy]

Oh, so Iheart is clear channel?

Let it fail and be replaced by numerous smaller station owners.

Yessss... Bring back big-market Album Oriented Rock, indie cuts and local artists.

 

[blame space]

that's never going to happen

 

[Sub_Level]

Just build a wall and make their debtors pay for it.

The debtor is iHeartRadio tho.

 

[andthebeatgoeson]

Oh, they used to be clear channel? Fuck them very much.

 

[kirby_fox]

For those curious, radio stations get their money these days from selling group-ads. Basically if you want to buy a spot on the radio, it's not like you just buy a spot for 30 seconds at a certain time. You buy a package of radio ads that appear on all of their stations, and they promise you that you'll get good ad time.

Then they'll try to sweeten the deal with a billboard or TV or newspaper ad.

I had to listen to these guys trying to sell me radio ads all the time. They would walk in and you would think they actually worked for the radio station wanting your business...and the next thing you know you're listening to them blab on about how they want you to buy their ads.

 

[Unknown Soldier]

Wow, I had no idea iHeart was Clear Channel.



So basically, Mit Romney killed Clear Channel?

That would be ironic since Clear Channel are huge Republican supporters and have a bad reputation because of the right wing stations they own.

In a way, Mitt and Bain did America a favor.

 

[Sobriquet]

So Romney did it?

Count me among those that had no idea Clear Channel was now iHeart.

 

[blame space]

I would love to be a fly on the wall here

"but we made an app!"

"WE USED A FUCKING EMOJI IN THE NAME!"

 

[captive]

Heh, iHeart sounds like a harmless internet app. No sympathy for Clear Channel.

yea fuck clear channel. They shutdown rock 101 klol in houston, which was the best rock station in houston playing everything from classic rock to alice in chains and metallica.
they more recently shutdown 93.7 the arrow and made it rap/hip hop. Theres now one classic rock station and one alt rock station in houston.

 

[radios shipping overview]

Clear Channel? I hope they go bankrupt and sell off the stations to local owners.

 

[blame space]

"local owners"

 

[RecRoulette]

Hopefully it crashes and burns and splits off into a bunch of smaller radio stations.

 

[backflip10019]

IHeart won't fail. They're massive. If it comes down to it, they'll sell to someone.

 

[border]

I always knew that Clear Channel was behind the iHeartRadio app/service, but I never knew they had completely rebranded the entire company. Man the "Clear Channel" name really became poison, didn't it?

 

[Doc Holliday]

How the mighty have fallen!

Clear Channel were awful! Horrible concert practices and they destroyed hundreds of local radio stations,

 

[blame space]

xfinity presents an iheartmedia channel

 

[The Faceless Master]

their strategy of buying up as much of the competition as possible failed?

LOL

Hot97 gonna have a field day with this one to spite The Breakfast Club.

yeaaa boooiiii

 

[biggersmaller]

So many conservative radio stations lecturing Americans about living beyond their means I need to call about this.

Fuck Clear Channel. Killed the local DJ.

 

[Skellig Gra]

This is gonna be ugly for the radio business.

 

[AmyS]

There's an iHeart Radio app on PS4 (I think PS3 as well but don't quote me).

6 Billion in debt?

LOL.

 

[Gentleman Jack]

It's more than just a radio station. They own over 800 radio stations in the United States:

https://en.wikipedia.org/wiki/IHeartRadio

Daaaaaaaaang
https://en.wikipedia.org/wiki/List_of_radio_stations_owned_by_iHeartMedia#California

Not to make light of what could surely be an acrimonious job loss for many people, but does this mean some of the godawful fucking billboards that clutter up every square inch of America will go away?

No. They will be bought by CBS or Orange Barrel

Looks like a large number of them are illegally constructed and maintained anyway, so even if every billboard provider went bankrupt overnight it's not like the city cares enough about it's own appearance to enforce demolition.

 

[jmood88]

Wow, I also had no idea that iHeartRadio was Clear Channel.

 

[blame space]

I'm trying to figure out how you could listen to an iHeartRadio station and not know it was clear channel.

 

[jmood88]

I'm trying to figure out how you could listen to an iHeartRadio station and not know it was clear channel.

Because they never say Clear Channel and I don't keep up with corporate name changes. I also don't listen to the radio often, so maybe I just missed some clear channel ads at some point.

 

[akira28]

the death of clear channel. good.

they killed radio with their consolidation practices, and now it looks like they overextended and it was all a scheme.

 

[Plankfan]

If they hadnt written the decline, the third go of the harmony at the end of that song would have been NOFX's greatest contribution to music.

I saw them play The Decline live and it's still my life's peak. I will never tell my family this

 

[GoldenEye 007]

did they go to itt tech

 

[rrs]

did they go to itt tech

they forgot to tighten up the balance sheet on level 3

 

[old]

How do you get $20 billion in debt in the radio industry?

 

[ConfusingJazz]

How do you get $20 billion in debt in the radio industry?

By trying to buy the entire American radio industry.

 

[The Beard]

I used to listen to a ton of AM radio. Clear Channel came in and fucked everything up. They turned our best local talk radio station into a piece of shit 24/7 news station. All they do now is repeat the same news stories every hour. iHeart can suck it.

 

[Chris R]

Good riddance. Ruined the only station I listened to in college. Foo fighters/Nirvana/STP/Smashing Pumpink are not classic rock you idiots.

 

[old manatee]

I didn't know Clear Channel changed their name to iHeart Radio. That's like the Nazi party changing their name to iheart Jews.

 

[bobbychalkers]

Explains why I haven't heard the name Clear Channel in a while and iHeartRadio being pretty ubiquitous out of nowhere.

 

[HariKari]

Does this mean good music might finally have a chance for radio play?

Probably not. Other conglomerates have probably been anticipating this, and will snap up what they can.

 

[The Beard]

Good riddance. Ruined the only station I listened to in college. Foo fighters/Nirvana/STP/Smashing Pumpink are not classic rock you idiots.

Actually, it kind of is.

In the 90's, Classic Rock was from the 60's and 70's.

Today, 80's and 90's Rock is that same age.

 

[RiccochetJ]

By trying to buy the entire American radio industry.

Antitrust laws should alleviate that shouldn't they? Or did the de-regulation completely nix that part?

 

[Miletius]

The Texas lawsuit comes as iHeartMedia begins to grapple with ways to address its massive debt load that totals $20.6 billion, including $8.3 billion maturing in 2019. The debt load largely stems from a 2006 leveraged buyout led by Bain Capital Partners LLC and Thomas H. Lee Partners LP.

Mitt Romney style vulture capitalism strikes again!

In all seriousness, I don't really know how radio stations are viable anymore. Even run barebones, I can't imagine that in a world where people can mostly just listen to what they want to using any number of apps that anybody would prefer listening to the radio.

 

[old manatee]

Actually, it kind of is.

In the 90's, Classic Rock was from the 60's and 70's.

Now 80's and 90's Rock is that age.

Pre50's = old-timey

50's = oldies

60's-70's = classic rock

80's = new wave

90's = dank jams

And 00's is 00's and new music is shit, just like it always was.

 

[Dalek]

Actually, it kind of is.

In the 90's, Classic Rock was from the 60's and 70's.

Today, 80's and 90's Rock is that same age.

I had that revelation lately as well and it blew my mind. I was listening to Nirvana in 1993 AND Led Zeppelin was classic rock. Zeppelin albums from the 70s. It's a weird thing to accept....

 

[Marky Mark]

The debtor is iHeartRadio tho.

Well then the wall just got 10 feet higher.

 

[StarCreator]

Pandora app stops working after a few days. And iHeartRadio is about to go under. Any other options?

Huh? Why would Pandora stop working?

 

[old manatee]

It's crazy that Clinton handed Clear Channel a monopoly on radio and they still couldn't make a buck.