THE SAD STATE OF CITADEL, RADIO AND WALL STREET

[longtimelistener]

Five years ago Citadel stock was selling for almost $25.00 per share. Two years ago the price was a little over $10.00 per share. Today it closed UP 35% at $0.27 per share.

The current market value of the entire company, including all the former ABC O & Os and the ABC networks is only $54 million.

Radio isn't a growth industry. The DJIA & S&P 500 are both down about 35% in the last year. Farid doesn't know anything about radio. Etc.

BUT---two years ago, do you think you could have bought just the DFW cluster---and okay, throw in Chicago---for only $54 million?

 

[leethalweapon]

The current market value of the entire company, including all the former ABC O & Os and the ABC networks is only $54 million

Oh to have more money than sense... I'd do it in a snap.

But seriously, what does that value each licence at? At that price, could Disney be tempted to get back in? They would be laughing if they did. Everything they owned and a whole lot more, for a fire sale price.

 

[dgendvil]

No, Radio is in a mental crisis. The state of the radio industry may be bad today, but it will still continue to be healthy as it is. So i'm not saying that terrestrial or HD radio should be on it's death beds, although radio continues to be a medium to most people. But we hope Wall Street can learn that lesson that radio is not a crisis & it will still continue to be our medium, just like it has been with television & the internet.