Link: :: St. Louis Media Info & News ::.
When a radio company has to resort to begging for dollars from listeners, it might as well be. Brian Maloney's Radio Equalizer has the story.
And now the odd little duck who was one of the original money men in the AAR mix, Sheldon Drobny, has launched NovaMRadio.
From their website: Nova M Radio is seeking partners and the financing necessary to capitalize on this business opportunity to own, operate and broadcast progressive content from a conglomerate of stations in smaller markets across America.
Who the hell is advising these people?
This is EXACTLY the same wrong-headed business thinking that led Air America into its current financial crisis. The company should be in the software business, and leave the hardware to experienced owners.
By buying a pack of small-market stations, all that NovaM will accomplish is to drive out of business the only broadcast facilities that a lot of those "small markets" have. But if you'd like to invest in their effort, here's a link. Don't call me to tell me you're wondering where your loot is, though.
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