Cumulus stock worth less than a candy bar !!! - Page 3
Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 44

Thread: Cumulus stock worth less than a candy bar !!!

  1. #21
    Quote Originally Posted by TheBigA View Post
    Anything is better than nothing, which is what they're doing. I've always been taught to diversify your business and investments, and they're not doing that. But then again, they have no money to invest, so it doesn't matter. That's why Lew is gone. He blew his $2 billion on transmitters and towers. Compare that with what Entercom did. Who made the wiser use of investment money?
    Let's say you're Lew "Big A" Dickey. It's 2010. What would you have done differently besides NOT create $2B in unsustainable debt? What would your digital strategy be? Would you have done Sweetjack, NASH, WW One, the Citadel deal, etc.?
    Who, in your opinion, does digital the best? NTR?

  2. #22
    Quote Originally Posted by wavo View Post
    Who, in your opinion, does digital the best? NTR?
    Townsquare, iHeart, and CBS. That's it. Cox is starting to invest in digital content, but they're a little late to the party.

    I think they made a mistake buying Citadel. There's a reason they went bankrupt, and I don't think those reasons have been completely fixed. They're still struggling with a lot of the former ABC stations. In my view, the original core of Cumulus was a sound business operation until that purchase. But they needed more major markets, and that was the only way to buy in.

  3. #23
    Quote Originally Posted by wavo View Post
    Good point!
    Had I bought those couple thousand shares two days ago I would have seen a two day profit of over 15%.
    Have you (Big A) bought any Cumulus shares at the (before the split) price of $0.15/share?
    Where do you see Cumulus one year from now?
    I own a fair chunk of Cumulus stock. It's small enough that if they go bankrupt I won't cry too much, but if they get back to $3 or so (post-split adjusted) it would become a tidy profit.

    I said when Mary Berner became CEO that she would have 12-18 months to turn the company around. It seems like she has had modest success. The main question for Cumulus is paying down their debts. Unless they swing back to an operating loss, or have a large debt obligation called in, Cumulus should be in better shape than they are now, which should increase the stock price. But those risks are substantial.
    "Its music what makes a radio station, and at Live FM, we play the last music around."
    After receiving that copy, I quit the VO industry.

  4. #24
    Quote Originally Posted by TheBigA View Post
    Townsquare, iHeart, and CBS. That's it. Cox is starting to invest in digital content, but they're a little late to the party.

    I think they made a mistake buying Citadel. There's a reason they went bankrupt, and I don't think those reasons have been completely fixed. They're still struggling with a lot of the former ABC stations. In my view, the original core of Cumulus was a sound business operation until that purchase. But they needed more major markets, and that was the only way to buy in.
    That's all true. Cumulus' first foray into major markets was the Susquehanna purchase.

  5. #25
    Quote Originally Posted by wavo View Post
    There is a part of me that says I should buy a couple thousand shares of Cumulus stock...
    Had you done that this morning, when you posted this, you would have made 5% today. The stock closed Friday at $1.17. Yesterday morning, when this thread started, it was under a dollar. Those who bought it yesterday are makin' money! Sell now!

  6. #26
    Quote Originally Posted by jabba17 View Post
    They invested in Rdio, which is now kaput. I had thought that Cumulus was going to turn Rdio into an iHeartRadio competitor once their exclusive streaming deal with iHeartRadio ran out. Speaking of that deal, where Cumulus made iHeartRadio the exclusive streamer of Cumulus stations in exchange for iHeartClearChannel stations promoting SweetJack, was obviously a much better deal for iHeartClearChannel than Cumulus, now that there's not much left of SweetJack (now Sweet Deals).

    How much time is left on the Cumulus agreement with iHeartRadio? I'd like for Cumulus stations to also be streamable on TuneIn.

    If you want to make money on CMLS in the foreseeable future, I guess you could day-trade it like a penny stock. Caveat emptor.

    SweetJack got killed when the Groupon daily-deal/online-coupon ship was swamped by all of the other established media companies invading that space, like Gannett (Value Clipper, Local Flavor, etc.) and Cox (Valpak) that already had a dead tree coupon presence and for which digital was a logical extension. Cumulus could have made SweetJack a contender with a radio+online advertising model, but they didn't bring anything new to the table vs. entrenched incumbents like Gannett/Cox or dangerously desperate digital pure-plays like Groupon.
    Good post!
    This is why I asked the question...where exactly would you make the "digital "pathway?" I get Big A's point that "anything is better than nothing" but Jabba also makes the point that Lew made the WRONG digital effort(s) which contributed to his removal. Lew Dickey may have been, much like President the donald, a great deal maker, but you MUST make the correct deals or else....
    For everyone who lurks on this board who has been around the block a time or two...where next with digital and NTR? iHeart has made, *probably* the correct first moves but we are still in the first inning. Where next?

  7. #27

    Join Date
    Jan 2006
    Location
    The ATL, OTP
    Posts
    3,300
    Could Cumulus develop an iHeartRadio clone, once their agreement with iHeartClearChannelMedia runs out? Do like Clear Channel did--start with streaming existing stations, and then add interactive services and narrow-format online-only channels. Once a new Cumulus "CloudRadio" app gets critical mass, pull streaming of Cumulus stations from iHeartRadio. I don't think the barrier to entry is that great--just get your listeners to download another app--although the folks at CBS might disagree since radio.com and last.fm haven't really made that big of a splash. But then again, CBS hasn't done that much with either. The trick will be to get streaming into cars, home stereo receivers, and other listening opportunities where downloading another app isn't really an option. Cumulus could buy one of the lower-tier streaming services, but the problem with that is that CMLS 1) has no money and 2) most of the ones they could have afforded have gone under (looking at you, Rdio), but Napster is still available. CMLS is not going to buy Pandora or Spotify. They could buy last.fm off of CBS. Alternatively, they could strike up a joint venture with a whale like Apple or Amazon.

    Sales weasels just have to do what they do today, while emphasizing streaming. Of course, the big difference is that streaming has a worldwide audience, and no local advertiser (say, an ambulance chaser) is going to pay for online impressions that may be from across the country--but a different advertiser might.

    Cox's single-station-app approach puzzles me. I don't want to have a dedicated app for each one of their stations (I currently have none of them), and how am I to know what other stations Cox has around the US that might have a format I particularly like?
    "When broadcasting over the radio, there are certain words we must omit.
    Like 'BEEP' and 'BUZZ' and 'GOBBLE-GOBBLE', by gosh we can't even say shhhhhaving cream!"

  8. #28
    Quote Originally Posted by wavo View Post
    Lew made the WRONG digital effort(s) which contributed to his removal.
    After he left, he had an epiphany...radio is mobile:

    http://observer.com/2016/10/lew-dick...obile-culture/

    The problem with all this is radio WAS mobile for many years. The portable radio was the killer app. The FM Walkman. The Boom Box. Then the cell phone came along. Had radio been part of the cell phone, everything would have been fine. But it wasn't. Why?

  9. #29

    Join Date
    Aug 2004
    Location
    Loganville, Georgia, United States
    Posts
    401
    Rumor is that ATSC 3.0 (the next phase of free broadcast TV with 4K technology) will have TV broadcasted from cell towers instead of just one transmitter in town. Current DTV has no mobile capability because of the lack of error correction it provides. ATSC-Mobile is a mobile stream but dyle owns it and you have to pay for it. Plus it only puts out a low quality SDTV signal and doesn't stretch very far out of town and very few devices have it. It is a mystery as to why I can do everything with my smartphone except receive free broadcast radio and TV signals from it. Sure I can utilize TuneIn or IHeart to listen to the radio but it uses my data. Local TV broadcasts are restricted on my XFINITY app away from home. I instead have to have my separate RCA portable TV and my Insignia portable HD radio. There are a few Android devices that utilize the FM chip through NexRadio but there are very few of these. My ZTE tablet has an FM tuner and has perhaps the best tuner of any radio I have ever heard. Equivalent to a car radio. Pulls in FM stations far away. Even better than the Insignia portable.
    Last edited by RadioDoogie; 02-05-2017 at 01:27 AM.

  10. #30

    Join Date
    Jan 2006
    Location
    The ATL, OTP
    Posts
    3,300
    Quote Originally Posted by TheBigA View Post
    After he left, he had an epiphany...radio is mobile:

    http://observer.com/2016/10/lew-dick...obile-culture/

    The problem with all this is radio WAS mobile for many years. The portable radio was the killer app. The FM Walkman. The Boom Box. Then the cell phone came along. Had radio been part of the cell phone, everything would have been fine. But it wasn't. Why?
    Because OTA radio doesn't use any kind of a telco service that a telco can charge for.
    "When broadcasting over the radio, there are certain words we must omit.
    Like 'BEEP' and 'BUZZ' and 'GOBBLE-GOBBLE', by gosh we can't even say shhhhhaving cream!"

Page 3 of 5 FirstFirst 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  




     
Our Conferences
Useful Contacts
Community


Contact Us