Re: Corporate radio/Clear Channel

["Dan Strassberg" <Dan.Strassberg@att.net>]

An interesting side note regarding the financial stability of radio groups:
I was going through my junk mail prior to discarding it and I noticed a
piece from Martin Weiss, who publishes the Safe Money Report newsletter to
which I subscribe. Weiss' newsletter has predicted what seem like at least a
dozen of the last two recessions. (Scare talk sells newletters; rosy
scenarios don't.) In any event, the cover page of Weiss' direct mail piece
touted that readers who looked within would find a list of several hundred
companies (421 if memory serves) that face imminent bankruptcy. Probably the
best known name on the list was Lucent Technologies. I looked for the first
couple of publicly traded radio groups that popped into my mind--Clear
Channel and Entercom. I couldn't find either one. It's hard to imagine that
Clear Channel falls beneath Weiss' radar. I suppose, though, that Entercom,
which is much smaller, could.

--

Dan Strassberg, dan.strassberg@worldnet.att.net
Phone: 1-617-558-4205, eFax: 1-707-215-6367

-----Original Message-----
From: A. Joseph Ross <lawyer@world.std.com>
To: boston-radio-interest@khavrinen.lcs.mit.edu
<boston-radio-interest@khavrinen.lcs.mit.edu>
Date: Friday, May 11, 2001 2:00 AM
Subject: Re: Corperate radio/Clear Channel


On 9 May 2001,  Dan Billings wrote:

> I think the only thing that is likely to change the current situation
would
> be a market change that, as Mr. Stassberg has suggested, would cause the
> house cards or house of debt that many of these companies are built on to
> collaspse.  It is not as far fetched as it may seem.  Look at the dot
coms.
> A change in market perception of an industry can change stock prices
> dramatically and quickly.

Or continued drop in listeners.