The Future of TV Advertising

Tracks trends in traditional television ad sales and the impact of new technologies, new competition.

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Proven senior level executive with over 25 years of leading turnarounds and startups of software companies in media, finance, energy and business intelligence. See more at Linked In.

Monday, November 13, 2006

Clear Channel, Largest Radio Group, On the Block

A Reuters new story today says that Clear Channel, the largest radio group in the world, is up for sale, with private equity firms the likely buyers.

In other words, they are going private, so they can restructure without the spotlight of being public. The list of potential buyers are all skilled at restructuring for big profit gains.

I believe this is a bell-weather event. It's not just Clear Channel that needs a massive make-over to generate better returns for their shareholders. It is the entire traditional media space.

Stay tuned!

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