"Radio: We have met the enemy and he is us!"

Emmis - Jan. 2 - $8.24; Dec. 31 - $3.85.

Entercom - Jan. 2 - $28.18; Dec. 31 - $13.69.

Radio One - Jan. 2 - $6.75; Dec. 31 - $2.34.

Spanish Broadcasting System - Jan. 2 - $4.11; Dec. 31 - $1.85.

Westwood One - Jan. 2 - $7.06; Dec. 31 - $1.99.

Salem just missed the 50% loss club by a prayer: Jan. 2 - $11.95; Dec.
31 - $6.59.

CBS fell $31.18 to $27.25. (True, there's writer's strike and the Katy
Couric gaffe - but putting one in Joel Hollander's back may have
effectively tackled, at least temporarily, the downward spiral at the
radio division.)

Clear Channel, which wanted to privatize by year end - but couldn't -
is down $35.54 to $34.52 - a price artificially inflated by the $39.90
offering price by BainCapital and Thomas H. Lee. There's a deal that's
close to turning into a cut and run. If Bain and Lee cut their losses
and back out of that deal - Clear Channel will be in free fall.

Theirs isn't the only deal that could implode. The Merrill Lynch bull,
already gelded by the credit and mortgage collapse, is taking a second
look at the privatization deal they concocted with Cumulus. When they
announced it in July, Cumulus was at $11.75. Last night it closed at
$7.25.

http://gormanmediablog.blogspot.com/

Hey Eduardo - you are worth a $1.85 !