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|May 28, 2020|
Radio falls victim to recession
Hundreds of radio stations across the country have signed off as the recession tightens its grip.
An analysis by Radio World, a trade publication, found that twelve have gone dark in California. Most are FM stations in the Central Valley.
Southern states and radio stations in rural areas have been hardest hit. Their program formats run the gamut.
Clear Channel, once the nationís biggest radio broadcaster, plans to turn some of its licenses back over to the FCC.
Banks are dictating in some cases that broadcasters can no longer afford to run stations that are losing money because of falling advertising.
The Radio World analysis listed stations that have been silent for more than two months.
Story Date: April 13, 2009