View Single Post
  #8   Report Post  
Old September 11th 07, 01:40 AM posted to rec.radio.shortwave
David Eduardo[_4_] David Eduardo[_4_] is offline
external usenet poster
 
First recorded activity by RadioBanter: Jun 2007
Posts: 1,817
Default iBiquity in financial mayhem


"IBOCcrock" wrote in message
oups.com...
On Sep 10, 7:18?pm, "David Eduardo" wrote:
"Roadie" wrote in message

ups.com...





On Sep 10, 12:42 pm, Rfburns wrote:
Tuesday, April 11, 2006 at 4:07 PM
Tags:
HD Radio


I'm hearing some very interesting rumors about iBiquity, the company
behind terrestrial radio's savior technology HD Radio (just a little
refresher, the "HD" doesn't actually stand for "high definition" -
funny huh?). Word has it that iBiquity is experiencing so much
financial mayhem that they've stopped all projects, both current and
future, and are regrouping or possibily worse.


Rather than posting messages with vague unsupported claims why don't
you give us the details. Where did you read the rumors, who wrote
them and most importantly what specifically was written (or spoken).


iBiquity is owned by private equity firms and by the major station
groups.
It does not put out financials to Wall Street.- Hide quoted text -

- Show quoted text -


I wonder why - just like Clear Channel, that want to go private. Both
companies are DOA.


Right. Clear is cash flowing in a significant manner, and they feel the
market undervalues them. That is why they are going private.

iBiquity is private for the same reason many companies want to stay private:
they do not want to live the quarterly harassment of earnings reports,
Sarbox, and running the business to please Wall Street. It allows more long
range planning, and less knee jerking to the street.