And the Radio Death March continues with yet another bankruptcy for the broadcasters…
NEW YORK (CNNMoney.com) — Citadel Broadcasting Co., the third-largest radio group in the United States, filed for Chapter 11 bankruptcy Sunday.
The company, which has stations in 25 states, listed liabilities of $2.5 billion on assets of $1.4 billion, according to court papers filed with the Southern District of New York.
They claim it’ll be business as usual at Citadel’s 200 plus AM and FM stations. That’s exactly the root of the problem to begin with – business as usual is why I won’t turn on a radio station unless I’m in some sort of kidnapping situation, have just regained conciousness and need to get a sense of what day it is and whether or not the news is out that I’m missing.
I’d rather listen to my own iPod than some homogenized, national playlist that’s been approved by Corporate and soccer moms everywhere.