"David Eduardo" wrote in message
. net...

"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.

If you had solid profits and earnings from your operations, your company
could outpace the market. Look at the oil and gas monopolies.

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 -

It has also been called "self-deception" and "inability to cope with
reality".

On Sep 24, 10:54 am, "David Eduardo" wrote:
"IBOCcrock" 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.

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.- Hide quoted text -

- Show quoted text -

Except when it's a form of retreat.

"Billy Smith" wrote in message
...
-
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.

Neither Memphis nor Chicago have a higher percentage of locally owned
stations than the average for markets their size. In fact, both are among
the lowest.

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.

Caribbean? Most Jamaican radio is controlled by two entities. Groups own
multiple stations in the Dominican Republic. In Puerto Rico, consolidation
is greater than most of the US, as nearly all stations are networked. The
Lesser Antilles are so small that there is not much to compare with.
Colombia has 3 companies controlling 80% of the stations and was
consolidated since the late 50's, and Venezuela is similar. Central America
has been consolidated since the 60's. In South America, most of the
countries have national networks, owned by one company that runs multiple
networks... one Chilean company has 5 national networks from Arica to Punta
Arenas.

In Europe, much if not most radio is networked nationally. In Spain, SER has
5 or 6 national nets with as many as 180 stations and low power repeaters on
each; Germany, France, Italy, Hungary, etc., have highly consolidated
national nets.

"Billy Smith" wrote in message
...


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.

If you had solid profits and earnings from your operations, your company
could outpace the market. Look at the oil and gas monopolies.

The company I am with outpaces the market, had solid profits and a double
digit growth rate. In fact, the TV side has just had several consecutive
weekly Nielsen wins as the #1 national network in 18-34. The market was
undervaluing us because of the Viacom Syndrome and going private was a
shrewd investment for those who bought the company. They acquired a
profitable, growing enterprise at a low multiple of earnings.

On Sep 24, 12:03 pm, "David Eduardo" wrote:
"Billy Smith" wrote in message

...

-
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.

Neither Memphis nor Chicago have a higher percentage of locally owned
stations than the average for markets their size. In fact, both are among
the lowest.

According to the NAB they do.

On Sep 24, 12:07 pm, "David Eduardo" wrote:
"Billy Smith" wrote in message

...



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.

If you had solid profits and earnings from your operations, your company
could outpace the market. Look at the oil and gas monopolies.

The company I am with outpaces the market, had solid profits and a double
digit growth rate.

So did Enron.

In fact, the TV side has just had several consecutive
weekly Nielsen wins as the #1 national network in 18-34. The market was
undervaluing us because of the Viacom Syndrome and going private was a
shrewd investment for those who bought the company. They acquired a
profitable, growing enterprise at a low multiple of earnings.

Sounds like you'd better contact Arthur Andersen for some 'creative'
accounting.

"Steve" wrote in message
ups.com...
On Sep 24, 12:03 pm, "David Eduardo" wrote:
"Billy Smith" wrote in message

...

-
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.

Neither Memphis nor Chicago have a higher percentage of locally owned
stations than the average for markets their size. In fact, both are among
the lowest.

According to the NAB they do.

NAB does not maintain lists of radio stations or a database. Per BIA, both
of these markets are as highly consolidated as any.

On Sep 24, 2:18 pm, "David Eduardo" wrote:
"Steve" wrote in message

ups.com...





On Sep 24, 12:03 pm, "David Eduardo" wrote:
"Billy Smith" wrote in message

...

-
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.

Neither Memphis nor Chicago have a higher percentage of locally owned
stations than the average for markets their size. In fact, both are among
the lowest.

According to the NAB they do.

NAB does not maintain lists of radio stations or a database. Per BIA, both
of these markets are as highly consolidated as any.- Hide quoted text -

- Show quoted text -

You'd better contact NAB and inform them of this. They appear to
believe otherwise.

"Steve" wrote in message
ups.com...
On Sep 24, 3:56 pm, "David Eduardo" wrote:
"Steve" wrote in message

ups.com...



You'd better contact NAB and inform them of this. They appear to
believe otherwise.

So where on the NAB website is the station database located?

Who said it was on the website? And why are you asking me about NAB?
Ask them yourself.


The NAB neither posts nor maintains a database itself. It uses the BIA
database or the FCC online data. Same as I do.