- ESPN-New York moves to 98.7, bumping urban AC "Kiss"
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- The 25+ Road Trip, Part I
- The Power Of Prep
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- Los Angeles: Emmis Closing Sale on KXOS FM?
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News
Radio stocks have been sliding – quietly but sharply
A number of radio company stocks have hit static since rebounding and hitting highs in the spring. A share of Radio One stock (ROIAK) was $5.28 on May 4. Just over three months later, the same share closed on August 18 at just 81 cents. Salem Communications (SALM) fell 13% on Wednesday to close at $2.98, a dollar less than its closing price just 19 days ago. Shares of Cumulus Media (CMLS) could be bought for $5.46 on April 22. Less than four months later, they closed Wednesday at just $2.34. Stock in Westwood One (WWON), after their 1 for 200 reverse-stock split, breached $17 on May 10, but by August 10, Westwood closed at $6.52. Shares of Spanish Broadcasting System (SBSA) have lost half of their value within the last three months, while Journal Communications (JRN) shares have shed 20% of their value between August 4-13. In many cases, revenue misses or slow pickups in advertising have been blamed. Other stocks that have fared better include Emmis Communications (EMMS), which is in a holding pattern following plans to go private. Shares in CBS have rebounded since July 1, and shares of Fisher Communications (FSCI) are up by over $1 in the past 5 days. You can track all of these radio stocks here.
Previous and Next Stories
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The man who killed Denver talk host Alan Berg dies in prison
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Toronto's CJCL-AM "The Fan" revamps their sports talk lineup
- Long-hidden radio stories are coming out in TRI's "No Names, Please"
- Longtime Lex & Terry syndication executive Peter Welpton is leaving
- Citadel Media affiliate relations rep Tamara Karcev is leaving
- Cumulus hires Maguire for Macon PD duties
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BP continues to plow cash into radio ads
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Making Moves: Wednesday, August 18, 2010
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Rochester's Brother Wease improving following emergency surgery
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Randi Douglas is cut loose from Cincinnati's "Warm 98"
- Atlanta’s all-news FM looks closer: there’s a staff meeting at classic h...
- Emmis finds financial relief through another LMA. This one’s worth $8,43...
- NBA Philadelphia 76ers move from CBS to Greater Media, immediately
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NYC radio personality and music authority Pete Fornatale dies at 66
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Making Moves: Thursday, April 26, 2012
- Mark O’Brien named market manager of CC Jacksonville
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FCC proposes rules allowing non-comms to raise money for catastrophic ev...
- Journal's radio revenues up in 1Q 2012
- SAG-AFTRA threatens to stop music video performers in their tracks
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Now what happens at WBLS, New York and with the Kiss staff?























