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This May Be Old News, But...

S

SirRoxalot

... It's an article in the Financial Times from Dec. 28th. The lead paragraph reads:

McClatchy, the US newspaper group, and Citadel Broadcasting, the radio station chain, have emerged as the worst performers among US companies that have made large domestic acquisitions this year, according to data collected by Dealogic...

...The Las Vegas-based radio group's shares have declined 17 per cent since then, underperforming the index by 28 per cent.

Is it any wonder that the ABC acquisition is taking so long?

Is that creaking sound the belts tightening on James E. Casey Drive?

Thank goodness corporate made the big move with Opie & Anthony, bringing in additional revenue on the morning show, huh? O&A did improve the morning ratings, right? O&A are bringing in enough more money to make up for their cost, and the lost commercial avails, right?
 
Not the best performance for Citadel over the last 12 months, but had you purchased 1 thousand shares of CDL in August, you'd be looking at a pre-tax gain of $23 hundred. Not a bad bet. Off course if you were holding CDL long term, you'd want to spit.

Many well-known stock analysts have serious reservations about the communications sector as a whole. If you were a suit in a corner office, bet your strike price would be under water.

Of course, the same bad news can be attributed to domestic automotive stocks. Yet had you bought Ford Motor Company in July of 2006, you'd have made some cash, too. Not bad for a hedge bet on a company that lost $5.8 billion in the last quarter.

By comparison, radio stocks aren't that miserable... miserable, but not that miserable.
 
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