Radio rebound?

Rose, Maria Matzer
October 2004
Hollywood Reporter -- International Edition;10/19/2004, Vol. 386 Issue 8, p15
The article analyzes the growth of radio stock prices. Once-soaring radio stock prices in recent months have proved the old adage that what goes up must come down. But now, after months of lagging prices and stagnant ad revenues, the sector is finally being eyed for a turnaround by some analysts — though even those hopeful for such an uptick were revising their estimates downward once again. Another bright spot singled out by several analysts is Clear Channel Communications. Despite weakness in its stock and lingering uncertainty over its plan to cut the amount of commercial time sold on its stations beginning in January, investors are "unfairly discounting the stock" because of questions over the effect of Clear Channel's "Less Is More" ad-sales reduction plan.


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