revised WBZ prog sched
Tue Jan 6 16:44:56 EST 2009
<<On Tue, 6 Jan 2009 16:08:39 -0500, "Ron Bello" <firstname.lastname@example.org> said:
> Why not use Metro for local news inserts in the evening and overnight ?
> Doesn't CBS own a piece of Metro ?
Not any more. CBS and Westwood One unwound their deal around the
middle of last year. CBS still has programming commitments to WW1,
and must air WW1 inventory at a certain agreed-upon level or else pay
escalating penalties under their new contract. But WW1 is no longer a
paper tiger. This hasn't helped WW1's stock price, and they were
delisted by the NYSE in November. (Glad I don't own it any more.)
CBS, for what it's worth, is down more than 50% from its 52-week high.
(It's also up 100% from its 52-week low... clearly I should have
bought some when it was trading down around $4, but I don't like
owning stock in companies that are effectively controlled by a single
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