Not long ago, the radio industry was enjoying something of a renaissance. Station valuations were high, buyers were everywhere and every radio operator, it seemed, wanted an edgy personality, whether
it be Howard Stern or Rush Limbaugh. Even advertisers liked the medium. Now, Stern is bolting for satellite, the Federal Communications Commission is cracking down on radio content, and everything
from the Internet to iPods is threatening to steal its audience.
Read the whole story at Chicago Tribune, February 27, 2005 »
