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alex4490
Guest
It's pretty sad........I just don't know what is with all the trash talk about Clear Channel. Are they really struggling financially by making some cut-offs/firings in the major markets? I don't understand
-Alex
-Alex
alex4490 said:It's pretty sad........I just don't know what is with all the trash talk about Clear Channel. Are they really struggling financially by making some cut-offs/firings in the major markets? I don't understand
-Alex
amfmsw said:Gentlemen,
You are absolutely correct. I erred in my statement. My apologies.
It's Citadel that's trading in the $2.50 range. CC only lost 65% of it's investor's money!
ruger22com said:CC AND Cumulas (with the help the FCC gave them through deregulation) have destroyed the radio industry.
On the other hand, who can blaim them? The FCC told the industry that you can own as many stations as you want in every market, eliminate 90% of the programming, air, news and engineering staffs, automate and combine all the air work, and then combo sell the ads at cut rate prices.
DavidEduardo said:In the same period, Yahoo lost 80% of its value. And CCU, at about $42 a share (including the Live Nation distribution) has lost about 50%. In fact, the entire NASDAQ average over the same period is off by about 50%.