No. of Recommendations: 1
The radio business is pretty cut and dry. You have overhead and you sell advertising to make the income.

Business knowledge will not help you as much as legal knowledge. Since you are going out on the public airwaves, you face many restrictions. One person that you might talk to is, of all people, your representative in congress. I only suggest this because the Latin spin (get it?, spin . . . radio, I made a funny. That's a joke, son) might enable you to get a license faster and cheaper since it is minority oriented. I think someone did a TV station around here like that.

The only thing about radio is that the locally owned stations are going by the way-side. The profit would probably more in selling something that you started than running something that you started.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.