One of my readers broke down the bad news for me yesterday about the market capitalization of several radio companies.
Keep in mind that many radio stocks had already entered no man's land way in advance of the turbulent stock market. Capitalization is the price of the stock multiplied by the number of outstanding shares.
Citadel, for example, has a capitalization of $70 million. Keep in mind that they paid $2.7 billion (like in "b" billion) for ABC alone. Their debt ratio is through the roof.
Entercom comes in at $88 million. They are worth more than most radio groups but incredibly, not even worth $100 million&hellip
Recent Posts
- The Answer Commercial Radio Forgot
- Radio’s New Invisible Competitor
- Which Radio Company Is Next?
- The Secret Lenders Waiting to Takeover Radio
- Make AI Recommend Your Station
- Why Radio Is Running from Radio
- Context-based Music Programming
- iHeart Layoffs a Warning Sign
- Selling Without Ratings
- Audacy’s Missing Middle Management