Classic rock is 60s to Hair, nothing more. It has nothing to do with age.
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iHeart Radio (formerly Clear Channel) has 60 days to pay off $6 billion in debt
- Thread starter Dalek
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ConfusingJazz
Member
I was being hyperbolic, but there have been and continue to be accusations of monopolization, and they have sold off a chunk of their holdings to get away from anti trust laws.
katsubento
Member
I know iHeart isn't that popular, but I've been to four of the five Music Festivals they hold in Vegas...and I gotta admit they are pretty damn awesome.
Pop-O-Matic
Banned
Nah, most 60s is out of rotation on Classic Rock stations while the early 90s has taken it's place.
Dreams-Visions
Member
Well I hope Real Radio survives. I listen to them on my commutes daily and are a big part of my work day. What will happen to all these owned stations?
ConfusingJazz
Member
I didn't know until a couple years ago until I was curious about iHeartRadio Music Awards. I thought it was just a music app or something, and was shocked that it was Clear Channel.
It helps that I haven't listened to commercial radio since I graduated high school, mostly because of Clear Channel's stations sucking.
If it makes money, sold off.
Unknown Soldier
Member
In general, very few Americans under the age of 40 listen to broadcast radio. I don't think I've listened to any radio since my teens when I liked to listen to sports talk radio.
Clear Channel was handed a monopoly in American broadcast radio just as it was being killed by the Internet. The writing was on the wall in the days of Napster and Kazaa, nobody wanted to sit there and listen to a radio station which played a bunch of songs you didn't care about and then ads when they could just go and download or stream exactly the song they wanted.
Clear Channel was handed a monopoly in American broadcast radio just as it was being killed by the Internet. The writing was on the wall in the days of Napster and Kazaa, nobody wanted to sit there and listen to a radio station which played a bunch of songs you didn't care about and then ads when they could just go and download or stream exactly the song they wanted.
Muppet of a Man
Member
This. I knew from the moment I heard the iHeartRadio app being advertised for the first time more than a few years ago that it was a bad attempt at rebranding Clear Channel for the Millenial age.
Salem religious talk radio everywhere! Hugh Hewitt coming to a FM station near you!
spawnsniper
Member
Spin cycle on iheart is pretty legit
How can they even remotely hope to get out of this? Revenues from radio advertising are only going to shrink, while the debt they owe is only going to get bigger.
I can't blame them for investing in terrestrial radio prior to 2008, but after that year the writing should have been on the wall that they were in a dying market.
I can't blame them for investing in terrestrial radio prior to 2008, but after that year the writing should have been on the wall that they were in a dying market.
Frozenprince
Banned
Tens of thousands of people are going to lose their jobs and a shitload of radio stations are gonna suffer/shutter.
Bad, bad days.
Bad, bad days.
I think their attempts to kill Internet radio streaming show what their business plan was.
Step 1: Buy up every radio station in the US
Step 2: Hold back the march of time
Step 3: Profit
Quite why they thought they'd succeed where major record labels, movie studios and print media failed I don't know.
Bare Grills
Member
That's not even that much if you think about it
I think their plan was solid -- buy up every radio station possible, and then sell advertisements across 5+ stations in every single market.
The problem is that they probably did not anticipate the value/price of radio ads plummeting as much as it did. Their assumption was that advertisers would be forced to pay whatever rates they demanded, but what actually happened was that advertisers just opted out of radio entirely in favor of social media.
Exactly why I stopped listening to those stations. Only listen to the local (non-CC owned) college station now, spotify takes care of the rest of my listening needs.
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