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Cumulus Media Inc. (CMLS) Message Board

  • longtimefollower longtimefollower Feb 11, 2010 10:12 AM Flag

    Reminder: Management tried to take this...

    ...thing private at $11.75, a couple years ago. But it collapsed for lack of financing. I would imagine, with all the cost cutting, that they will be able to get normalized earnings to a level equal to or better than what they were a few years ago. I personally would imagine that when the financing market for radio loosens up enough (with the coming revenue increases in 2010), the Dickeys are going to go for it again. It's only a question of what price and when. As far as I'm concerned, if they want to announce a deal tomorrow, I'll take $5.50. If they want to wait a year, I'll require $8-10.

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