too bad since in France we have seen this exact scenario happen 10 years ago with radio networks (they destroyed most independent local radios). With the real h

too bad since in France we have seen this exact scenario happen 10 years ago with radio networks (they destroyed most independent local radios). With the real hard irony that the main network who killed everybody (NRJ) used to be a pirate radio from before the free radio, and a real offspring of the radio liberalization in 1986. Now you mainly have 2 kinds of radios: non-profit and big networks. Charities/non-profits are heavily regulated in France, and they simply can't get enough "capital" to try this kind of scheme. You need so much capital (basically you're trading capital for market share, you'd better be the biggest when you start the race) that it's mostly public companies who can do that. That is also why Europe doesn't like state owned companies on free market, having the state budget as "available" capital, they can undercut everybody without endangering their lives (that's where the left/right doctrine kicks in).