Thread: US talk radio
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Old April 1st 04, 12:06 AM
Tom Betz
 
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Rich Wood wrote in :

If the deal instantly makes WLIB profitable, Percy Sutton will give it
all the time it needs.


It was my understanding (please correct me if I'm wrong on this) that Air
America is leasing WLIB; presumably, profit for Percy is built into the
lease terms. Inner City has said that they weren't making a profit with
the old format.

The question then becomes whether Air America will ever make a profit; and
they have said that their business plan calls for them to lose money for
the first two years.


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