Yesterday, I received a twitter message from Leo Laporte with the simple question, “Is radio dead?” While I wouldn’t exactly call terrestrial radio dead as millions of people still listen to it, I do believe that it is dying a slow death.
With the increasing number of people flocking to satellite radio or the internet for music, fewer and fewer people are able to say that they continue to listen to traditional radio stations. While many people still see traditional radio as an adequate way to listen to music, news, talk radio and more, it is quickly becoming a means of last resort to listen to audio broadcasts.
Independent, you seem to be fixated on "prospects for growth" while I'm focused on value investing. I could care less if Emmis' growth is below that of the go-go stocks that you seem to like. I look for under-valued companies which deliver abnormal returns when the market catches up with their true value. That's one reason I bought Entercom at 75 cents in the depths of the financial meltdown in November 2008.
Gee, you're really concerned about Emmis investors. Not sure why, but thanks anyway. Let's talk on June 1st and see what's happened by then. Have a great day, and keep searching for those growth stocks.
5 years, looks like "The Market" was interested in Radio One and Entercom, but not EMMS, ever wonder why? Since the market tanked, I added SPY for reference.
So short term trading gains equal prospects for growth? Lehman Brothers went up 50% in the span of a few weeks recently, and trust me, there is absolutely no growth happening there. A low base certainly doesn't hurt your percentages, how have those companies that you named done in the last 3-5 years??
Yeah, just like they said people will never pay for TV, or big dollars for a monthly cell phone bill. Content is king, and terrestrial radio has very little content, and an offputting number of ads. T. Radio will never die, just like newspapers, but there is no growth.