Friday, December 07, 2012

Hail Nasty

So I hear that Uncle Nasty, a staple of Denver radio for decades, was laid off from Clear Channel in a cost-cutting move. And hey, I get it. Live DJs are obsolete and the radio business isn't easy, not since Clear Channel done's their part to rule (or was it ruin?) the market. The last paragraph in this article cracked me up though:
On Wednesday, radio trade publications reported Moody’s analysts believe Clear Channel may have a tough time refinancing more than $10 billion in debt obligations due in 2016. Industry observers speculate that Clear Channel may have to consider a merger or a sell off of some of its assets. The company was acquired by Bain Capital in 2008.
There goes Bain again...creating jobs and improving industries.

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