It's funny how everybody thinks that if we all just went back to running broadcast stations without computers or hired
all of our old friends back whom have been forced to retire because of downsizing and consolidation.
be great again!!!
I think broadcasting of the past was powerful with little competition. Like a Utopia and our
memory of when we were younger ignores the new marketplace increasing competition. I do agree that corporate culture
has changed the way we do business, And there's many more of us.
Clearly we do have an obligation to our stockholders
and investment partners. It's not easy to have conversation when the numbers aren't good.
We have weathered unbelievable
economic storms but yet now in the presence of a vibrant economy growing and adding jobs everyday.
We just don't
have an excuse for losing money? Is that really a fair question?
Here is one factor to think about every sector of the
economy has been bludgeoned by a new reality "e-commerce."
I'm not in the excuse business but look at the
numbers for entertainment value.
Google $111 billion, Amazon $178 billion, Apple $93 billion, Facebook $41
billion, Tencent $22 billion, Alibaba $16 billion,
Netflix $12 billion, Priceline $11 billion, Baidu $11 billion, salesforce.com
$9 billion, jd.com $38 billion.
Just for fun let's look at the largest media outlet in America iHeartRadio $6 billion
in revenue $18 billion in a leveraged buyout 10 years ago and now they're in bankruptcy. There might be somebody bigger but....lf
you know where the oxygen is do me a favor and message me if you have found some breathable atmosphere.