On Dec 10 2007, 11:28*am, wrote:
On Dec 10, 12:21 pm, wrote:
On Dec 10, 12:11 pm, D Peter Maus wrote:
wrote:
On Dec 10, 11:55 am, wrote:
"BRACING FOR THE WORST"
"In fact, the earnings report was so dismal that it shocked industry
analysts and led to yet another drop in Citadel's already sagging
stock price, pushing it further into penny stock territory. Given a
brutal outlook for the radio business and its own particularly
alarming financial future, the company was forced to write off an
unexpectedly large portion of the value of its stations, sending
investors running for cover. UPDATE: as the trading day continued, CDL
shares were pounded even further, closing down $1.46 at $2.40 a share
(a 38% loss in just one day). Volume was a heavy 11.5 million shares
(405% higher than normal) and Citadel's total market cap loss for the
day was a staggering $385,000,000. As recently as 2003, Citadel shares
traded as high as $23.00"
http://radioequalizer.blogspot.com/2...loyer-abc-owne...
Eduardo - I never thought that the demise of terrestrial radio would
happen so quickly!
* *Not to **** on your charcoal, but according to the latest surveys,
web listening is off, too.- Hide quoted text -
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Look what the new royalty rates will do to terrestrial broadcasters,
who move to Intenet streaming, such as Clear Channel is doing:
"Internet Radio Royalties and WOXY"
"The annual cost of running WOXY could more than double to around $2
million, far exceeding the station's $500,000 to $1 million in annual
revenue. The board's decision could still be appealed or rescinded by
Congress, but WOXY manager Bryan Jay Miller says, I don't see the
situation getting any better."
http://www.eachnotesecure.com/intern...ties-and-woxy/
Boy, CC sure has some business-model! Good luck streaming HD Radio to
cell phones, etc with the new chipsets coming out! *Ha! Ha!- Hide quoted text -
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Also, forget Microsoft's and iBiquity's MSN Direct partnership (MSN
Direct is a loser anyway) and possibly streaming HD Radio to Sync.
Thank God for SoundExchange!- Hide quoted text -
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Sign - on San Diego which is owned by one of the major papers out
there -- just started 2 new internet radio stations. They are hoping
this will bring in extra income as their print income is declining.
Thought that was interesting. Apparently, they have invested a lot of
money, man hours and space to pull off these two new stations. I know
one is supposed to be talk and primarily news, but I'm not sure what
format the other one is going with. They have also just hired a
complete staff - with talent, sales and everybody else.