Radio Consolidation Results In Big Job Losses
A new study released by the Future of Music Coalition (FMC) found that the vast majority of major U.S. cities has experienced both layoffs and lower wage growth within the radio profession, associated with the unprecedented consolidation of radio station ownership over the last decade. The study also shows that the job losses in radio impede federal policy mandates to promote localism and diversity in media. “Consolidation in...
Sirius Halts Production Of Non-Compliant FCC Radios
Sirius Satellite Radio revealed that it has informed some of its manufacturers to stop making radios that do not comply with federal emissions and frequency rules. The move follows a similar action by rival XM Satellite Radio Holdings related to models with FM transmitters, which allow consumers to play the satellite service on a traditional radio. In a U.S. Securities and Exchange Commission filing on Thursday, Sirius said the...
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