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.