Episode 86: Jeff Warshaw Weighs In On Audacy, iHeart, & Another Run at Cumulus
Mon, 5 Dec 2022
By now, the radio industry was expecting a full pandemic recovery -- back to 2019 operating levels. But that hasn't happened. Revenue continues to run below 2019 levels, radio stocks are trading at or near all-time lows, and Audacy is in danger of being delisted. Our hosts look for insights from Jeff Warshaw, the radio CEO who attempted a $1.2 billion takeover of Cumulus last summer. Warshaw, the incoming chairman of the Radio Advertising Bureau, weighs in on where he thinks the industry is headed, what might happen to Audacy, and whether he might try another run at Cumulus.
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It’s radio but also very enlightening for newspapers.