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.