More radio waves

I love radio. Talk radio, AOR radio, live sports radio, whatever. I used to be a news director at a tiny radio station in Oneonta, New York. Unfortunately, the radio business is in trouble. The company which owns and operates 224 radio stations across the U.S. has filed for bankruptcy. Mike Spector and Sarah McBride report in The Wall Street Journal that Citadel Broadcasting Corp., the nation's third largest radio broadcaster, filed for bankruptcy last weekend reporting $1.4 billion in assets against $2.4 billion in debt. The former radio home of Paul Harvey (GOOD DAY!) and Sean Hannity (YOU'RE A GREAT AMERICAN!) apparently took on too much debt in 2006 when it purchased Disney's ABC Radio stations. It's a real shame. Local radio, especially, is going away. AM is dominated by national talk show programs and most have drastically reduced news operations. FM just keeps switching music formats trying to attract back listeners. I don't think the hey days of teens wearing t-shirts of the local rock station (like I did with 97 Rock in Buffalo) are coming back. Teens and young adults today just load up their iPod with music and off they go. Definitely not a GOOD DAY for radio.