Posted
8:14 PM
by Gene
Goody! CHEAP CHANNEL'S LBO is near "COLLAPSE"!Now we feel sorry for those who may have bought into this outfit at, say $90 a share -- or even at $35 or $40, thinking maybe a sale would save it. But we can think of few companies more deserving of economic RUIN than this one, which turned radio into the world's biggest car dealer while padding out the sales pitches with the vilest most overexposed three tunes imaginable. Well, people don't want to listen to that kind of radio anymore.