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Article: Consolidated update. (radio broadcasting industry)(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- March 23, 1998
- Author:
CopyrightCOPYRIGHT 1998 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Two years after the Telecommunications Act opened the floodgates to massive consolidations within the radio industry, a new analysis indicates that two major groups--CBS and Chancellor Media--hold a combined share of nearly 53% of persons 12-plus in the nation's top 10 metro areas (CBS has 27% and Chancellor 25.2%).
While the report by Interep Research states that "many other players keep radio competitive," the closest competitor in the top 10 is ABC (8.4%) with barely one-third the total share of number-two Chancellor. Emmis holds 5.1% of the top 10 share. Fourteen other groups have at least a 1% share--although some groups show "substantially higher ...