Re: Easy listening

["Bill O'Neill" <billo@erols.com>]

>Steve Hicks tells his investors that he can deliver them 8% more on
>his radio properties than normal accounting practice suggests.  Ten
>years ago, in a very different media environment, just making 8% TOTAL
>was considered a very good return for a radio station.

If this holds true, then what are the implications down the road to the cash
laden newbies who have just joined the radio bandwagon, only to appreciate
the return of a decent bond fund in 3-5 years?  Will the face of radio
change again in the early 000s?

Bill O'Neill

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