So your dad is friends with Billionaire Paul Allen. In 1999, Dad sells his cable TV company for $3.6 billion. You grew up in L.A. down the street from several big rock stars. You hang out at MTV a lot hanging with the stars and learning the music business from the inside.
So one day, you say to dad “Hey, I know what I want to do with my life – I want to run radio stations that play the kind of music I want, and not the records the music companies and consultants think I should play”. How cool is that?
That’s the bird’s eye view of how Mapleton came to exist, and why it isn’t concerned about whether it makes money or any of that annoying business stuff. The profile can be read [Here].
*** July 22, 2009 – update ***
Well, that annoying business stuff kicked in today. The lenders didn’t get paid for the loans they made and have siezed the company.