Radio executives in the US have predicted that the industry is set to see further consolidation in the next two or three years, according to a report from MediaPost.
The report quotes Westwood One CEO, Joel Hollander, as saying that he ‘absolutely believes’ that some of the medium-sized operators will merge to take on the larger groups within the next 36 months.
Prices are high and banks and creditors have been tightening their belts in recent months. However, as the uncertainty in the markets dissipates, it is expected that the majority of the groups that have been ‘on the shelf’ will be snapped up in mergers and acquisitions.
