FM radio has been beyond useless for decades.
RT: https://poa.st/objects/24c4bca6-a20d-4410-bbc6-6ca51a3cdffd
RT: https://poa.st/objects/24c4bca6-a20d-4410-bbc6-6ca51a3cdffd
Guess why..
> iHeartMedia (850-plus AM and FM stations) had to pay $1.8 billion in interest expenses last year, after paying more than $1.5 billion in each of the past 5 years. That’s because when the company was acquired by private equity firms Bain Capital Partners and Thomas H. Lee Partners in 2008, just as the financial crisis was in full swing, it was loaded up with more than $20 billion in debt that it hasn’t been able to grow its way out of
> iHeartMedia (850-plus AM and FM stations) had to pay $1.8 billion in interest expenses last year, after paying more than $1.5 billion in each of the past 5 years. That’s because when the company was acquired by private equity firms Bain Capital Partners and Thomas H. Lee Partners in 2008, just as the financial crisis was in full swing, it was loaded up with more than $20 billion in debt that it hasn’t been able to grow its way out of
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