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#1
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Radio Sold Its Soul
Radio Sold Its Soul
"Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." http://insidemusicmedia.blogspot.com...-its-soul.html Ha! Ha! Eduardo! |
#2
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Radio Sold Its Soul
"IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. |
#3
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Radio Sold Its Soul
On Sep 24, 8:50 am, "David Eduardo" wrote:
"IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Yes, and when the market is "undervaluing" your assets and cash flow, that's always a good sign....lol |
#4
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Radio Sold Its Soul
"Steve" wrote in message ups.com... On Sep 24, 8:50 am, "David Eduardo" wrote: "IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Yes, and when the market is "undervaluing" your assets and cash flow, that's always a good sign....lol With the emergence of new technologies not called HD radio, it would appear that traditional AM and FM broadcast stations are going to have a hard time maintaining solid listerner bases. When you consider that you can connect any computer to practically all kinds of Internet stations that is one avenue. Another is satellite radio systems such as Sirius or XM. Another is the fact that so many listeners now download music from I Tunes, Napster or other online services. That is another hit to the bottom line. So instead of attracting listeners by finding ways to atrract them through the traditional media, they would rather find a way to digitize the media Ie. HD radio at which very few people are interested except for a few shills. I live somewhat near a major metro and I can assure you that I rarely hear anyone at my vocation talk about HD radio. They are talking about the Ipod, Zune, or something else. You don't hear all kinds of talk about this radio station or that station. Since the telecommunications mergers the local radio spectrum has pretty much become a joke in that it is now filled with pretty much the same garbage up and down the band. I had a good laugh last night when the Chicago Bears-Dallas Cowboys football game was being talked about at the same time on no less than 4 local Chicago stations on the AM band. Just an observation from listening. While I live further downstate, it is noticeable that our local stations are now pretty much Clear Channel stations with very little local programming and a great deal of verbatim and silly talk. Very little substance. You have the occasional small time shock jock at night talking dirty to the kids about whatever social norm they are trying to bring about. Just good for a laugh anyway. As far as musical diversity or anything else, you will hear the same bland playlists of similar songs or the same song going over two stations at once in the same market. Not really any way to gain listeners. For the most part, I've stopped listening to local FM because its the same old morning talk show host talking about some of the most brain dead things. Rather than enlighten anyone, it is more on the maintainance of the lowest common denominator. At leat here, if you want to find out information, news, weather or talk radio you still do have the AM band and local stations that broadcast the news or features. FM has been pretty much raided by two or three media conglomerates so you will pretty much be listening to your Ipod with annoying commercials. It's a shame that we don't have local ownership and local tastes to our radio culture. Instead they would rather give us the big media crap that is presented as news, entertainment, music etc. I've noticed that Chicago, IL and Memphis TN have a wide variety of still local flavors. In fact, some of the better stations heard come out of Memphis TN since much of their local stations are locally owned and operated and the decisions are not made in a corporate boardroom in NYC, LA or wherever. But instead, they would rather trash a perfectly good communications medium in AM/FM radio with inexpensive and often cheap radios (cheap not implied as junk) and instead would give us more of the same garbage but charge 200 to 400 dollars for a radio. |
#5
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Radio Sold Its Soul
"Steve" wrote in message ups.com... On Sep 24, 8:50 am, "David Eduardo" wrote: "IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Yes, and when the market is "undervaluing" your assets and cash flow, that's always a good sign....lol This is what has been called the "Viacom Syndrome" where an entire industry was punished on the Street for the problems of one company in the sector. Viacom recognized it two years ago and split into two parts; others have gone private as the value is there, based on revenues and cash flow or profits, but the market is undervaluing the issues... a perfect time for private equity to get something for less than it is worth. |
#6
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Radio Sold Its Soul
On Sep 24, 8:50 am, "David Eduardo" wrote:
"IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Going private is a retreat strategy - Wall Street has smelled out HD Radio. CC has gone from a high of $90 to a low of $30/share. Broadcast radio is dying and HD wil l ust accelerate its death. |
#7
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Radio Sold Its Soul
"Billy Smith" wrote in message ... I've noticed that Chicago, IL and Memphis TN have a wide variety of still local flavors. In fact, some of the better stations heard come out of Memphis TN since much of their local stations are locally owned and operated and the decisions are not made in a corporate boardroom in NYC, LA or wherever. In Memphis, of the 23 stations with a one share of audience or more (23 stations) two are non-commercial FMs and 3 are locally owned by Flinn Broadcasting which has 26 stations in the region. The rest are owned by Clear Channel, Citadel and Entercom, including the top 6 and 8 of the top 10. So much for your theory about Memphis. In Chicago, 31 stations have a one share or over. Of them, of the top 18, only one is locally owned, Tribune's WGN (but it is a multi-market and multi-station owner). #19 is a non-com, and 20 to 25 are not locally owned. #26 is locally owned and classical, and the remainder of the 31 are not locally owned except for Moody's religious WMBI (FM). There goes your theory. |
#8
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Radio Sold Its Soul
On Sep 24, 10:27 am, "David Eduardo" wrote:
"Steve" wrote in message ups.com... On Sep 24, 8:50 am, "David Eduardo" wrote: "IBOCcrock" wrote in message roups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Yes, and when the market is "undervaluing" your assets and cash flow, that's always a good sign....lol This is what has been called the "Viacom Syndrome" where an entire industry was punished on the Street for the problems of one company in the sector. Viacom recognized it two years ago and split into two parts; others have gone private as the value is there, based on revenues and cash flow or profits, but the market is undervaluing the issues... a perfect time for private equity to get something for less than it is worth.- Hide quoted text - - Show quoted text - Yup, the Street is punishing broadcast radio for the HD Radio farce. |
#9
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Radio Sold Its Soul
"IBOCcrock" wrote in message ups.com... On Sep 24, 8:50 am, "David Eduardo" wrote: "IBOCcrock" wrote in message ups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Going private is a retreat strategy - Wall Street has smelled out HD Radio. CC has gone from a high of $90 to a low of $30/share. Broadcast radio is dying and HD wil l ust accelerate its death. HD has nothing to do with radio stock prices... the investment per station is a tiny drop in corporate capex budgets (we spent about 10 times more in LA for one morning show studio than putting HD on 5 signals). Many stocks were very high in 1999 (when CCU peaked in the 80's) and have never recovered after the dot com crash... it has to do with the markets, not the companies. Going private is a future strategy: buy now, when the market undervalues, and in 3 to 6 years, go public again based on value and profits. |
#10
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Radio Sold Its Soul
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"IBOCcrock" wrote in message oups.com... On Sep 24, 10:27 am, "David Eduardo" wrote: "Steve" wrote in message ups.com... On Sep 24, 8:50 am, "David Eduardo" wrote: "IBOCcrock" wrote in message roups.com... Radio Sold Its Soul "Wall Street has soured on radio. How many investment banks still actually have a full-time analyst watching this segment? Look to the falling price of properties. To the few radio deals that get gone these days. To the pessimism on Wall Street that has put the damper on the future of radio." There is more money looking for stations than there are stations for sale. That usually means an increased price. Clear Channel felt the market was undervaluing its assets and cash flow, so they are going private. Univision did the same early this year, for over $12 billion. Station prices for decent facilities have shown no erosion, as proven by the Clear Channel and CBS spin-offs. Yes, and when the market is "undervaluing" your assets and cash flow, that's always a good sign....lol This is what has been called the "Viacom Syndrome" where an entire industry was punished on the Street for the problems of one company in the sector. Viacom recognized it two years ago and split into two parts; others have gone private as the value is there, based on revenues and cash flow or profits, but the market is undervaluing the issues... a perfect time for private equity to get something for less than it is worth.- Hide quoted text - - Show quoted text - Yup, the Street is punishing broadcast radio for the HD Radio farce. Eduardo is really a shill for the corporate media conglomerates. It's pretty obvious what his agenda is here. It seems that I was pointing the vapid stupidity of many of the hosts not to mention the lack of quality programs on the corporate FM jukeboxes. If you want to listen to real radio, find a station that is locally owned and operated not some overpriced corporate jukebox owned by Entercom, Clear Channel, etc. When I make a reference to Memphis it's one of the better ethnic music cities where LOCALLY owned stations generally exist with local DJs and local people. Not some satellite feed from some Ivory tower place in NYC or some other major metro. Ever notice that in many places overseas, they don't have the media concentration we have in the US. I'm not talking about governments controlling broadcasting, I am talking about locally owned stations in the Carribean, Europe, and other countries. Not this corpratized crap that they call radio in the US. |
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