Re: Fwd: Re: MUST READ Article in Salon.com

[dan.strassberg@att.net]

Wasn't Cumulus the company that pulled itself back from 
the abyss about a year ago through some draconian moves 
involving the sale of some properties and trading of 
others for stations of lower value? If I'm right, how 
could the company have reversed its fortunes so 
completely in _this_ market? As for Barnstable, it has 
sold off at least one decent (albeit daytime-only) AM in 
an affluent, populous market. Barnstable used to own 
both WHLI and WGSM on Long Island. The stations were 
simulcasting. WGSM has apparently been sold (to a buyer 
whose name I didn't recognize).

> Today's Wall St Journal (05/01) ran an article on the 
> credit crunch for even big businesses.  I suspect that
> CCU is tapped out right now.  "Inside Radio" or 
> "All Access" (I forget which) says Cumulus may be 
> expanding, and earlier opined that Barnstable Radio
> may be looking to add to its portfolio.  But Scott
> says don't believe everything you read from those folks.