> > It's sort of like WDUV in Tampa, only older. WDUV is #1
> > quite consistently, but around #15 or 16 in billing.
>
> You don't have to be #1 in billing to make money. The key
> is overhead. And Adult Standards is typically a low
> overheard format.
However, most are not making a decent return on investment.
Besides that, the KJUL revenue was declining fairly significantly each year, while market revenues were, literally, exploding. Revenue was down about 20% vs. 2000, while the market is up over 25% in the same period. the gap is a horrible 45%... and I doubt they were making even 8% on capital.