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A Rant

D

deff junction

Guest
I check out the stock prices of the various broadcasting companies and I am amazed and disgusted with the way these companies have lost value. Deregulation and consolidation were supposed to be the way to go. Check out Citadel. See how their value has fallen in the last 5 years. I do this on Yahoo Financial.What are they teaching in business school these days? How to loose money and devalue companies? Do these "geniuses" ever think they could ever be wrong? I also check out Cumulus,Cox.Clear Channel and Emmis. What a job these "geniuses have done in wrecking an industry and shooting themselves in the foot.
 
Many are sitting on the sidelines, waiting for backrupcy and collapse of the industry. Wall Street calls it a "Correction". When the time is right, the small, local, community, full service operators will be large and in charge.
 
BJD said:
You are right on the money!! What happen to the small guys? Thats when radio was great!
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I agree 100%, the big guys are smashing the industry while the little guys are still chugging away and winning.

There was an on the allaccess site last week, that made your point. Last years totals show the big guys lossing big while small

market radio showing growth in dollars. The piece didn't have a breakdown in numbers just a generalization of big versus small market radio.
 
amfmsw said:
Many are sitting on the sidelines, waiting for backrupcy and collapse of the industry. Wall Street calls it a "Correction". When the time is right, the small, local, community, full service operators will be large and in charge.
Click to expand...

May that time be soon!
 
Citadel stock just closed at $1.70. I should have bought 100 shares when it went down to a buck a share. I would be rolling in dough right now ;D.Who was the market pundit who said terrestrial radio is dead? I guess he is eating crow right now.BTW,Citadel was selling for $25 a share 5 years ago and about $11 a share about a year ago.
Seriously, do any of the big companies have ANY thought for the future?
Or do they think they can bounce back with the generic,voice tracking Mcradio drek they program now?
 
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