I concur with the insideradio articles take on this. Obviously, Jeff Smulyan is not going to sell the company to some one else, CMLS, or whoever. Now he MIGHT sell one or a few radio stations to CMLS, but that would be it.
Let's face it, the stock was way oversold at 50 cents, considering the rally in the rest of the business, CMLS' bid for Citadel, continued improvements in industry revenues, Smulyan's public statements that they are going to sell a few big city stations and pay down debt dramatically, etc.. That's why we've been rallying here. I'd imagine a good eventual trading range for this, perhaps by January, would be $1.00-1.25.