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Cumulus Media Inc. (CMLS) Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Jul 4, 2012 10:19 AM Flag

    Sold out at $2.99 today


    I am somewhat curious. Why did you buy? Why did you sell?

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    • I have no idea why this person sold or bought. I can say that I do understand the situation radio is in. I can also say as a 25 year veteran that I disagree with many that have posted reasons that anyone named Dickey is to blame. However, they are everything that is wrong with radio. The tactics used to move thousands of people out and the actual situation at most radio clusters is not understood by investors. These stations are being operated with 2 to 3 full time people in a 6 station cluster or more! There are no chiefs and no indians. Some do not even have engineers. I never see any posts about this. Where are all the people that have lost their jobs and have seen the pitiful situation in these stations? It is the most inbelievable thing I have ever seen in my 25 years in radio. I am not a person that has been fired more than once from this place. I quit and walked away from a business I used to love. Built a station and was #1 for 25 years. What a crazy group of people. May God have mercy on your souls.

    • Like I said in my previous post. I dont know why I bought or sold.

      Probably bought because longtimfollower was wildly bullish and then sold because he was negative.

      Turns out its down to $2.25 so my $2.99 sale looks good/lucky in hindsight.

      Also took a loss on LEE today. Thanks LTF !

      Heard a radio station saying it was a "cumlulus" station last night.

      99.5 in Bham. Apparently they changed formats. It used to be more music I liked, now its stuff Ive never heard before. Top 40 perhaps.

      Seems like the also own 107.7 in Bham which is a black station that I tune in to catch UAB basketball games on.

      Not sure identifying themself as a "cumulus" station really means much to listeners.

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