Mike. I have always kept radio companies on my investment horizon , and while not directly involved with that industry, I find that privately held organizations are in better shape these day than those held by stockholders. Delmarva is owned by a family from Pennsylvania, that also own a couple of newspapers. I would definitely put them in my top three, along with a company owned by The Mormon Church of Jesus Christ of Latter-day Saints know in broadcast circles as Bonneville, with Saga Broadcasting also making the top three cut. While my list is not scientifically constructed, and while it certainly does not include all groups, here is my ranking ; Lincoln Financial, Larry Wilson's Alpha Broadcasting, Cox, Emmis, CBS, Entercom, Salem, Greater Media, Clear Channel, Beasley, Cumulus, Citadel, Radio One, Shamrock Times, Tribune WGN, Nasty Sports 1520, and Atlantic-JVC-Northwood Investments. All this being, now is not a good time to be investing in the old line (tv/newspaper/radio) media platforms. If you want to read about the challenges facing the old media and the opportunities in new media, I would commend that you check out a blog called Inside Music Media, penned by a gentleman named Jerry Del Colliano. This guy knows what he is talking about and understands the next generation of radio. Sadly, many radio operators are still traveling by stage coach. Do good, be well and happy.