What are the chances of Smulyan sweetening the deal?
Scott, I think that theres a far greater chance that the deal goes through than get called off. However, I agree the share price will probably collapse if the deal fails. Could go down the buck you mention.
ETM and CMLS are now about 50% off their highs, which occured soon after the EMMS offer. So maybe get support higher then a buck.
I believe that radio will have a strong second half of the year, with political advertising providing and added punch, and share prices shoud get a big lift. But no gurantees.....they are all a swimming in debt.