Monday, July 10, 2017

"A magician is an actor impersonating a magician." Jean Eugene Robert-Houdin

"The scientific approach to the phenomenon of human nature enables us to be ignorant without being frightened, and without, therefore, having to invent all sorts of weird theories to explain away our gaps in knowledge." D.W. Winnicott

"What is true, what is false, what is, finally, important? It is not a sign of ignorance not to know the answers. But there is great merit in facing the questions." David Mamet

Today's image: Dennis and Edward by Thomas Hawk. Very cool shot. Thanks for sharing.

Bravos to Les Moonves and David Field. Both have demonstrated courage in doing the right thing with their radio businesses.

In pursuit of his strategy to lighten the concentration of ad-supported assets in the CBS portfolio, Les is selling his radio concern. Giving more resources to radio became counter-intuitive. My sense is an acquisition like Lions Gate seems a better resources fit chasing Les' strategy.

David's portfolio is radio. His strategy of opportunistically growing Entercom and the reach of his local platforms makes the purchase of CBS Radio a savvy move.

All legacy media is now fraught with peril. Accordingly, remaining in the radio game demands an uncommon focus, tenacity and agility. David and team are the radio geeks needed to succeed in that game. They'll also be advantaged by some valuable proprietary intangibles as the CBS Radio properties join the fold. Stay tuned.

New must-read: Sara Fischer's Media Trends newsletter via Axios. Also, follow Sara on the Twitter 

Reading: One Mission. How leaders build a team of teams. By Fussell & Goodyear. Amazon info

Watching: The Defiant Ones via HBO. The docu-series about Jimmy Iovine and Dr. Dre. More

Congrats & Cheers: David Field to Receive NAB's National Radio Award. More