11-21-13
What is the future and vision of the independent owners? A panel featuring some of radio?s most prominent indy owners at Radio Ink's Forecast 2014, discussed the challenges as well as unique opportunities facing this group of broadcasters. While several of the owners were not currently focusing on growing the number of stations under their moniker, that does not translate to they are not growing at all.
Private equity is not as available for smaller companies, making acquisitions tough. But branching out into related businesses, such as the way South Central Communications has done with Towers ownership, is accessible. Longtime President of the Cromwell Group, Bud Walters, said that finding the opportunities to grow in your local communities is the ultimate way to also serve those communities.
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