Miller opens the Dickstein Shapiro Broadcast Financing NAB session with a reality check for radio: Wall Street doesn't love radio stocks (TV stocks are up 35% this year, while the average radio stock's down 30% or more). Oil prices are pushing through the roof (a bad thing for the economy and the car industry that radio gets 14-15% of its revenue from). And radio's leverage is up since 2001 - so it's got more debt to shoulder, while revenues have been a straight flat line. And Miller ends a jam-packed Power Point presentation by saying that radio, "unlike any other business I've ever seen, fights their fights in public."