Some of you know I used to work for NASDAQ. What Dial Global did is pretty odd – they voluntarily are going to delist themselves from NASDAQ. Normally when companies are falling apart, they fight to try to stay listed.<\/p>\n
Dial Global has a syndication business – music, sports (NCAA, NFL) and talk (Neal Boortz, Clark Howard, Dennis Miller and most of the Progressive talkers), News (Dirk Van, Jim Bohannon) and is starting up the NBC Sports radio Network. Other than Talk Radio Network, they are the only other significant radio syndicator that doesn’t own their own stations.<\/p>\n
DIAL had to take an impairment charge of over $60 million dollars in addition to losing about $10 million from its ongoing operations (after interest expense). None of that is good news if you care about radio.<\/p>\n","protected":false},"excerpt":{"rendered":"
Some of you know I used to work for NASDAQ. What Dial Global did is pretty odd – they voluntarily are going to delist themselves from NASDAQ. Normally when companies are falling apart, they fight to try to stay listed. … Continue reading