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Auto ad revenue loss?

M

mred

Guest
cnbc was claiming CBS stock was down today because auto bailout would mean less ad income for the media.
That seems like a stretch, although 65% of their income comes from local TV advertising, they didn't say what radio sales were. Since some talk radio has GM ads, they are probably history.
 
mred said:
cnbc was claiming CBS stock was down today because auto bailout would mean less ad income for the media.
That seems like a stretch, although 65% of their income comes from local TV advertising, they didn't say what radio sales were. Since some talk radio has GM ads, they are probably history.
Click to expand...

Possibly true. But businesses who don't advertise during a downturn often end up with "going out of business" signs on their doors. It would not be wise to pull ads on talk radio shows that deliver big audiences. Unless, of course, you're the government and you demand otherwise.

Nonetheless, we'll see what the New GM (read: "Government Motors") has to say.
 
KevinFodor said:
Nonetheless, we'll see what the New GM (read: "Government Motors") has to say.
Click to expand...

I'm no fan of bailouts, but to be factual..There really isn't much reason to complain about the gov. 'owning' GM because GM willingly gave itself to them. If they hadn't done so there wouldn't have been anymore GM to complain about as it would have already been into its (still) unavoidable bankruptcy.

The administration didn't fire GM's chairman...he willingly resigned. If GM hadn't accepted the bailout money, Wagoner (sp?) would still be there.

As long as an auto maker doesn't sign off in order to get bailed out, no chairman needs to worry about the gov. asking him to quit.
 
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