iHeart Radio in Financial Jeopardy---Rush Limbaugh, Sean Hannity face uncertain futures

[kpete]

Rush Limbaugh, Sean Hannity face uncertain futures with iHeartMedia
Top radio station owner and programming syndicator says it might not exist in 12 months

The parent company of iHeartCommunications, which syndicates programs by conservative talk-show hosts Rush Limbaugh and Sean Hannity, appears to be headed toward bankruptcy.

In a statement filed last week with the Securities and Exchange Commission, the federal agency charged with regulating companies that offer investments to the public, iHeartCommunications’ parent company, iHeartMedia Inc., said that it had “substantial doubt” that it would be in business by the middle of next year.

MORE:
http://www.salon.com/2017/04/24/rush-limbaugh-sean-hannity-face-an-uncertain-future-with-iheartradio/?source=newsletter

[hunter]

1. Their work here is done...

The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.

― Frank Zappa

[msongs]

3. repubs run it all so rush has lost his reason to be... nt

[randome]

7. What are they running? They can't even pass their own bills.

No, I see the Conservative empire starting to crumble. Too damned slowly, of course, but it has started.

[brush]

2. Advertisor boycotts work. Bill O'Reilly just found that out too. Woohoo!

[riversedge]

4. The ad challenge is made worse..since many of its stations feature a conservative-audiance dying off

Lets hope it dies a quick death (conservative radio)



.....Beyond syndicating shows by Limbaugh, Hannity and other hosts like Steve Harvey and Ryan Seacrest, iHeartCommunications owns and operates more than 800 radio stations. It also sells ads on thousands of billboards across the country.

The radio industry as a whole has been fading away, not because people aren’t tuning in but rather because advertisers have been shifting their dollars to the online world where performance can be measured much more effectively, according to radio industry veteran Seth Resler: “What many people don’t realize is that the job of a radio salesperson is getting harder as more and more clients start thinking about advertising as a science and not an art,” Resler wrote. “As an industry, we simply aren’t providing them with the tools they need to compete against these new mediums.”

According to a 2016 Pew Research Center report, more than 90 percent of Americans said they have listened to radio via an online or broadcast form in a given week.


The ad challenge is made worse for iHeartCommunications since many of its stations feature a conservative talk format whose audience is literally dying off. According to industry figures, the age of a talk show listener is about 67. Further complicating things for the company has been that its top host, Limbaugh, has immersed himself in several controversies in recent years, such as the time he called a liberal activist a “slut” on the air.....................

[spanone]

5. please lord.....

[rurallib]

6. If i remember they were once Clear Channel

or maybe their parent company still is.
CC got taken over by good old Baine Capital ( of Mitt Romney) and has been teetering on going under for a while.

Believe me, it couldn't happen to a better company

[rppper]

9. That's music to my ears...literally....

I've boycotted anything and everything clear channel since the Dixie Chicks censure...good to know patience, dedication and karma pay off once in a while✌✌✌

[Warpy]

8. Their shows will undoubtedly be sold off as assets

and their paychecks will decline. Their market numbers will most likely shrink.

Lardbutt seems about ready to retire, nobody's quoting him much any more and I haven't heard anyone proudly proclaim himself a dittohead in over 10 years, more like 15.

Hannity will hang in there, letting his hair go gray and trying to market himself as a conservative expert on MTP and other Sunday shows few people bother to watch. However, even he feels it all slipping away.

[TeamPooka]

10. Ryan Seacrest will need to find 3 more jobs.