It's not that radio CEOs are stupid.
They're not.
Yet you wonder, how is it that almost everyone but these CEOs know that radio is headed in the wrong direction?
Take radio stocks.
The cream of the crop at closing yesterday was CBS at $7.66, Cox at $4.91 and Saga at $3.31 -- and that's not saying much. Then, it gets uglier.
Beasley at $1.30
Salem 88 cents
Entravision 87 cents
Cumulus 85 cents
Entercom 66 cents
Emmis at 39 cents
Citadel at 21 cents
Regent at 19 cents
Spanish 17 cents
Radio One just 13 cents
Westwood One is only 15 cents and Sirius XM a&hellip
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