Radio assets are worth a fortune...
Emmis sold one low ratings NYC black format station in a deal worth almost 100 million dollars this month --- "EMMS said its deal in New York to sell Kiss-FM and lease 98.7 to Disney was worth at least $96 million."
It is interesting that Entravision has 4 or 5 radio stations in LA with demographic growth and better share than Kiss-FM.
It is possible Entravision would strategically sells a few key assets, pay off all debt, and hit us with a massive dividend. EBITDA is very strong and management is quite smart.