Veteran radio researcher Sean Ross reflects on the bankruptcy of Audacy and the resignation of CEO David Field. He criticizes the negative perceptions surrounding the industry's struggles, pointing out that Field's substantial investments in CBS Radio deserve recognition rather than derision. Ross emphasizes the importance of confidence in radio's potential. In reaction to Field's departure, industry professionals express mixed sentiments, indicating a blend of inevitability and hope for the future of radio amidst ongoing challenges. This gesture highlights the complexities within the industry's dynamics and the support for its personnel.
"If doubling down on radio seems naïve now, it was, at the time, a vote of confidence in all of our efforts as broadcasters. To gloat about that decision is to find satisfaction in radio's diminishment."
"We're all rooting for the company and our many friends within the company, but it will be a while before we see how this plays out."
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