On Jan 8, 11:11*am, "David Eduardo" wrote:
"D Peter Maus" wrote in ...







* If this signals a resetting of priorities...there may be some hope. And
a realization that, for those of us who still believe in shortwave, profit
is not the Only Thing.

* Then, again, the brain surgeons in the corner offices at Radio are not
known for 'getting it.'

* I don't need to mention any names.

* From AllAccess.com

Clear Channel Buy-Out Doubts Keep Growing
Deal Still Likely, But Doubts Are Growing

The root cause for these doubts has nothing to do with radio. It has to do
with the mortgage and banking and housing crisis, which has made credit
tighter as well as impacting the investment bankers who are part of the
radio deals who also may have exposure to mortgage related issues.

This same situation affects auto parts companies, biomeds, Internet
companies, etc. It's a credit issue, not a radio one.- Hide quoted text -

- Show quoted text -

"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...er-faces..html

Uh, oh - you've gotten me started!