iHeartRadio is the company that nobody asked for, who attempts to shove their music down your throat with moderate success. The sooner it's gone, the better off the music industry will be.
If you look through their earning they are generating about 800 mil or so in profit. The issues they have like 1.2billion dollar interest payment.
This has kind of the been the MO for Bain Capital.
I sometimes catch Martha Quinn's 80s show in my morning or evening drive and enjoy it. No throat-shoving there!
It's a business model designed to mine the value of local radio, extract the money, kill the host organism, and move on. The zombie shells left behind are vanilla, deceptive, and empty.
Even before Clear Channel, pop radio stations would have you believe that Bruce Springsteen and Prince only ever recorded 3 tracks each, Radiohead recorded a single track in 1991 and then stopped, U2 got stuck at Joshua Tree, Soundgarden made a single track... I could go on. That fine tradition continues today, where at any given moment I can turn on the radio and find Portugal The Man's "Feel it Still", or one of ten other predictable tracks.
Looks to me like Clear Channel just replaced one brainless programming model with another.
Turns out after you remote play Rhianna, Bieber, and Katy Perry on loop for 15 years, (with a 60/40, commercial to music ratio) people stop paying attention.