Strangling Our Business

I want to share a quote from the Harvard Business Review with you:

"The financial sector's influence on management has become so powerful that a recent survey of Chief Financial Officers showed that 78% would give up economic value and 55% would cancel a project with a positive net value - that is, willingly harm their companies (emphasis added) - to meet Wall Street's targets and fulfill its desire for 'smooth' earnings."

While the top executive layer in our consolidated radio companies is paid a king's ransom to work with ever less talent and ever more clutter, thousands of people who love "doing radio" have been, and will continue to be, thrown by the wayside.

While we jettison the very talent that has made radio ubiquitous even today, pure streaming companies, and Sirius/XM are adding spoken content.

We - broadcast radio - have opened the door and invited Spotify and Apple in.

For decades, we've paid more attention to Wall Street than to listeners. I don't know where that ends, and neither does anyone else.

This I do know, to quote John Deere: "If we don't improve our product, somebody else will."