Clear Channel is aiming to reduce the cost of its massive debt, freeing the 800-radio station operation from $1.33 billion in bonds that are paying holders as much as 11.74 percent through 2016.
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#1 Apr 28, 2009
Clear Channel is strangling the life out of radio. How can you mask a campaign of "localism" by cutting local talent and piping in cookie cutter satellite shows that pose as local talent? People don't want to hear from someone in a localized station 500 miles away, they want to hear from someone in their area. Changing the face of radio? How about kicking up and coming local talent right in the face and telling them they aren't worthy to compete with the likes of Ryan Seacrest? Is this the final death rattle of an industry in peril? Is radio going the way of the dinosaur? Go back to the roots Clearchannel, go back to what made radio great, a source for news, comedy, entertainment, variety shows, and everything that made radio great in it's golden era.
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