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I saw the oil companies buy up all the independent fertilizer retailers in the seventies at a considerable premium. Less than ten years later they sold them ba
by rmason 5y ago
I saw the oil companies buy up all the independent fertilizer retailers in the seventies at a considerable premium. Less than ten years later they sold them back to the original owners for pennies on the dollar. I had the owners tell me they made more money from the sale and repurchase than they ever made retailing fertilizer.
Makes me wonder if the same thing will happen in radio. What's to stop a corporate raider from scooping up one or both of these companies then breaking them apart and selling the stations individually or in groups? Bet they could double their money in a relatively short period of time.