Not to pile on you, but how? ARN don’t have the equity - do they have any other shareholders with a similar pull to Anchorage?
I think this is the death knell for SCA, they needed someone to save them and now its looking like the ship will sink. They’re loosing money hand over foot, firing people left right and centre, networking everything they can. I think the ship has sailed now for the company.
I dare say unless they get a buyer before years end, we will probably see administration and/or bankruptcy proceedings/receivership, and alot of the fat will be cut off, and even then may not survive.
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If you’re a former SCA employee, you do have skin in the game. You would have been hoping for this. Which city/ market are your sources from?
lol what? He’s a former employee. He couldn’t care less what they’re doing. As he said, he isn’t even in the industry anymore.
Do you still have invested interest/ a dog in the fight for your ex workplaces?
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As if ARN isn’t on a similar trajectory?
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A disgruntled former employee certainly would
Mark doesn’t sound disgruntled to me?
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Lisntr just broke even? Not sure how it’s any different to most of the networks financial positions. This seems alarmist
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Scrolling back he certainly does!
We are not reading the same thing then obviously?
90% of his 15 posts in this topic are links or copied articles on the subject. Nothing about opinion or negative views at all?
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Exactly, I know ex SCA employees who they treated like absolute crap, and they cant even turn on a radio for fear of PTSD! Just adds more fuel to the fire and downfall. Mismanagement, layoffs, networking.
Its going down and I think the ex employees were hoping someone would save their friends jobs!
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Given there was interest from SCA’s institutional investors in proceeding with a deal, maybe they might come to the party (or introduce another option)?
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Thats true. But they have alot more revenue than SCA does
I think the only way forward for both is to join forces. Or maybe even foriegn investment? I wouldnt think any investors would want to go down that path seeing how uncertain the companies future is.
Whoever comes in will need to have better management and the ability to overhaul the whole place. Not easy to find.
Also who would want to invest in a dying industry… that limits the pool further. Maybe thats what Anchorage saw and realised them selves.
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They’ve just made a lot of cuts to break even. That was publicised very highly. ARN are doing the same so it is what it is.
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Thats true. But as I said, finding an investor who will invest in a dying medium is not going to be easy.
Even me being a radio head only listen to one or two community stations now and the rest of my listening is either Youtube Music or talk shows on YouTube with Background Audio from premium.
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No, we are. The mocking of comments about localism etc give it away. People out here acting like ARN weren’t going to network the entire Kiis/ power/ star market the second they could
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Maybe thats the way of the future… bigger and better together.
Noone doubts the future is networking. But noone doubts too that noone is listening. Hate the say it but the only stations that get listened to and not used as background music in an uber, are community. Noone is engaged with commercial except for Maybe Kyle and Jackie and those oldies welded onto 2GB
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Maybe it is! But let’s not pretend sca are the only
Villains in that step forward and that arn is a lesser evil because of it
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They weren’t interested in a long-term play - private equity firms like Anchorage are only interested in what they can achieve in a reasonably short term. If they’ve walked away then something that impacts that plan has come to light.
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