Clear Channel losing $ hand over tight fist

Washington Post: Mega Hurts: Clear Channel’s Big Radio Ways Are Getting a Lot of Static These Days (via Slashdot). Apparently Clear Channel’s relentless homogenization of US radio is causing some other people than me to turn off that station. Or maybe it’s just the hideous advertising slump.

In some cities, the company’s radio stations attract as much as half the audience and advertising dollars… If a pending deal to buy a competitor in Charlottesville is approved, Clear Channel would control more than 90 percent of that city’s radio market, according to analyst Mark Fratrik of BIAfn Inc.

But if Clear Channel is a colossus, it’s a colossus under the gun.

The company lost money every quarter last year, piling up an annual loss of $1.1 billion. Clear Channel also is shouldering $8 billion in debt — the legacy of its deal-a-minute expansion spree. With a long advertising slump afoot, the company’s stock is selling at about half its peak price of two years ago.

A retraction

While I’m on the subject, I have to apologize for saying that And You Will Know Us By The Trail of Dead’s “Relative Ways” “sounds a whole lot like really good Sonic Youth.” That’s not nearly specific enough. The intro and 4/4 / 3/4 guitar hook sounds pretty specifically exactly like the 5/4 middle section of “Wildflower Soul,” while the verse melody is highly derivative of “Teen Age Riot” (from Daydream Nation). Just wanted to clear that up.

Now playing

Currently playing song: “Relative Ways” by And You Will Know Us By the Trail of Dead on Source Tags and Codes. Sadly, while this song sounds a whole lot like really good Sonic Youth a la A Million Leaves or Washing Machine, the rest of the album sounds a whole lot like… a lot of other bands. I might think better of it after another listen.

Rocking for Mother Earth

Just got back from the 2002 Earth Fest at the Hatch Shell in Boston. Johnny A, Garbage, Lisa Loeb, Midnight Oil, and Bonnie Raitt. I’m a bit sunburned and dehydrated, but happy.

Garbage played a short set, maybe seven songs, but rocked pretty well. Lisa Loeb seemed to play on forever. I’m sort of a fan, but I had to agree when my friend Carie said to me, “She tries to sound really happy, but she’s got all these Alanis Morrisette lyrics.” “Yeah,” I said, “She’s like what if Alanis went to Mt. Holyoke.”

Midnight Oil rocked my world. I had forgotten that there was a period of time, starting around 1987 or 1988, when I listened to this band quite a lot. The CDs are long gone but the band is still going strong. One of our friends, a banker-to-be from Europe, was enjoying the show. He confessed, “I used to be really into this band, but then I used to be a Communist too.”

I was too tired to take in much Bonnie Raitt; when I found myself almost falling asleep I decided it was time to head back. Good show, though, and well worth the money I didn’t pay for it (yeah, it was a free show!).

Listening day

Happiness is a new Elvis Costello record and finally having Yankee Hotel Foxtrot in my hands. EC: return to form. So far, with the exception of the song with samples, sounds a lot like “Brutal Youth.” Wilco: it’s a miracle the album came out at all, what with all the mess around its release. More later. Must listen, must listen.

Can’t hear the orchestra. You’re talking too loud

New York Times: Lamenting the Fade-Out of Classical Radio. Apparently another classical station is undergoing a format change to embrace more talk. Michael Kimmelman writes:

The big problem is that music has been progressively dumbed down over the years, and not just at WNYC. Talk about music has replaced music itself, or the music is guitar sonatas and easy-listening favorites, background noise that drives away serious devotees. The public can judge quality. If you cheapen a product enough, eventually no one will want it. It is no surprise people have stopped tuning in.

As someone who’s often felt the urge to call up stations in Boston and Washington and yell at them to find something in a minor key, or with a chorus, or written before 1780 or after 1880, I’ll confirm Kimmelman’s observations. But this isn’t the whole story. The dismemberment of “Performance Today”, one of the refuges of unique, challenging, and interesting classical music performance, shows that classical music has someone actively gunning for it. [Disclaimer: I’ve been on “Performance Today” as part of the Virginia Glee Club.]

I’ll also note that the disappearance of jazz stations should have served as a warning. But we were all tuned in to Rush, Howard, and even “All Things Considered” to notice.
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RIAA hoist by its own price-fixin’ petard?

Blogaritaville: Price Fixing Since 1996 Caused CD Sales Slowdown. When the RIAA is trying to blame consumers’ file-sharing ways for slumping sales in 2001, I think it’s worth looking at some other factors. Scriban compares average cost of a CD (from the RIAA’s own figures!) against CD unit sales and makes a fairly persuasive argument.

Of course, correlation is not causality. There are other factors at work, like the rise of lousy me-too bands in just about every segment and the inexplicable resurgence of teen pop (I thought Kriss Kross had been the final stake in that coffin. You remember Kriss Kross—fourteen year old kids rapping “I’m the mack daddy! No, I’m the daddy mack!”).
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