CMLS went down 10% on a x3 Volume, with no news released and other companies in the sector intact. Ideas anyone?
Irrational "indiscriminate" sell off by a large holder. I took advantage and increased my position about 10-15% in the $3.40-3.48 range.
See newstory on Nielsen exiting the radio measurement business. CMLS will be moving substantially higher. Next move will be an acquisition, or at the least, consolidation with Cumulus Media Partners.Look for the company to potentially make another bid for Citadel.