Right of the Dial
The Rise of Clear Channel and the Fall of Commercial Radio
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- $11.99
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- $11.99
Publisher Description
In Right of the Dial, Alec Foege explores how the mammoth media conglomerate evolved from a local radio broadcasting operation, founded in 1972, into one of the biggest, most profitable, and most polarizing corporations in the country. During its heyday, critics accused Clear Channel, the fourth-largest media company in the United States and the nation's largest owner of radio stations, of ruining American pop culture and cited it as a symbol of the evils of media monopolization, while fans hailed it as a business dynamo, a beacon of unfettered capitalism. What's undeniable is that as the owner at one point of more than 1,200 radio stations, 130 major concert venues and promoters, 770,000 billboards, 41 television stations, and the largest sports management business in the country, Clear Channel dominated the entertainment world in ways that MTV and Disney could only dream of. But in the fall of 2006, after years of public criticism and flattening stock prices, Goliath finally tumbled—Clear Channel Inc. sold off one-third of its radio holdings and all of its television concerns while transferring ownership to a consortium of private equity firms. The move signaled the end of an era in media consolidation, and in Right of the Dial, Foege takes an insightful look at the company's successes and abuses, showing the ways in which Clear Channel reshaped America's cultural and corporate landscapes along the way.
PUBLISHERS WEEKLY
Journalist Foege (Confusion Is Next) brings objectivity and insight to this exploration of Clear Channel, one of the most reviled media conglomerates in the U.S. The author aims for an unbiased understanding of the corporation and its practices, how it came to be and what it says about our culture. The reader follows the Clear Channel operation from its inception as a family business in the 1990s through commercial expansion, megamergers, vertical integration, antitrust lawsuits and the eventual sale of a third of its holdings. Foege cobbles together an oral history of the company, painting Clear Channel executives as businessmen first and foremost. To them, payola (accepting financial gifts in exchange for airplay) and voice tracking (phoning in "local" broadcasts from a centralized location) just made sense for the bottom line. The result has been the homogenization of radio a phenomenon that has produced one, single, all-too-familiar classic rock station that Foege characterizes as "a mild condition of being. Like a toothache or a strained knee." While many are quick to call this evil, media monopolies of this kind have been sanctioned by the government through deregulation. Foege's history is at its best while unpacking this confrontation of American values between art and commerce.