In the Know with Lyle Banks Over the last few years, stories about small, independent television and radio station owners selling out to large chains have dominated the industry press. But Lyle Banks, president and CEO of Banks Broadcasting, is bucking that trend. Since starting his company in 1998, Banks has acquired two television stations and hopes to buy even more. He discusses the future of the medium and why he decided to join a start-up company during such a volatile time for the industry. Yet it s a volatile time for the industry as many sites are cutting jobs and costs.
Online professionals say no, and explain why.
But in the year that the fund has been operating, the landscape has changed as more and more mainstream companies are buying minority media. Program Develops Broadcast Leaders A look at a new program started by the National Association of Broadcasters to help women and minorities become broadcast station owners. Unsettling Media companies are changing hands and forming new partnerships at an unprecedented rate. In each case, the result is likely to be a new corporate culture. Those who have been through such transitions offer advice on adjusting to new leadership.