"Revenue Falls 20 Percent In November"

NEW YORK -- December 22, 2008: November showed the worst revenue
numbers in a long, down year, the RAB reports: Radio revenue was off
by 20 percent compared to November 2007.

Local fell 21 percent last month, with national off 24 percent, with
local and national combining for a 22 percent decline. Off-air
revenue, which has risen most months this year, crept up again in
November, rising 1 percent.

The November dropoff follows reports that grand-total revenue was down
10 percent in October and 8 percent in September.

The RAB bases its local and national figures on about 100 markets as
reported by Miller Kaplan Arase & Co.

http://www.radioink.com/HeadlineEntr...&pt=todaysnews

Eduardo - can you spin this in a positive way for HD Radio?