And the Radio Bankruptcies Just Keep on Coming
Inside Music Media, February 11, 2009
By Jerry Del Colliano
Sirius XM is going first because their huge debt comes due first. Terrestrial radio will follow. Plainly put, there's no money left in the consolidated radio till. The radio business won't be down 4 percent or even 10 percent this year. It is heading for 25 or 30 percent or worse.
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