IBOCcrock wrote:
Stock market dropped yet another 200 points today, alone...again.

Here's a look at how well radio is doing.

http://www.investorguide.com/stock-c...cgi?ticker=CCU

This is what has happened to your $39.20 "buyout" per share which was
tied up for a year because stockholders wanted $.20 more (that's
twenty cents.)

And this chart is not any better for any of the radio conglomerates.

Here's the "new" home of Imus-in-the Morning ... Citadel:
http://quote.morningstar.com/Quote/Q...spx?ticker=CDL

Imus has a lot of leg work to do ... from under $3 a share now to
almost $12 a share a year ago.

Radio is not "Red Hot" anymore. Don't think this affects each of us?
Think again.

Oh, and the reason? Too much stock ... not enough demand to buy it.
Gonna be a long week for Clear Channel. And if the deal doesn't close
by Dec. 31, the stockholders are to be "compensated." The only
difficulty ... Clear Channel hasn't said what that compensation is or
how much (if any.) On top of that, they just lost their TV station
deal and, now, 183 previously "sold" stations of over 450+ have been
"unsold."

It must be ....HD Radio's fault.

http://www.radioracket.yuku.com/topi...n-trouble.html


A lot of things are affecting Radio. HD is not a significant factor
in that.

That said, HD's inability to get arrested in public, produce revenue,
while increasing costs in a tight money market isn't helping.

But as a cause of distress...not so much.

What will be interesting to watch is the performance of HD after the
new year. With the Alliance tossing more money at the problem, and
increasing media commentary about the failure of HD to catch fire, there
should be some movement one way or another of the uninspiring HD uptake
trend.

Stations here in The Windy have been acknowledging the failure of HD
to catch fire. WLS TV did quite a piece on HD. A promotional piece
during the news, that underscored the fact that it's not happening.

Radio here has begun to talk about the fact that HD isn't catching
on, and Roe Conn went on for nearly 20 minutes last week about the
benefits of HD, but the lack of compelling reason to make either the
investment, or the effort to get involved with it. He also said that
the future of Satellite Radio is not so bright, with less than 4% of
Radio users involved with Satellite.

Roe is generally informed. But he's also paid by Citadel, so there
may....that's MAY....be a conflict of interests in his commentary.
Although he's been known to bite the hand that feeds him before.