The news last week was not particularly good. Regent missed a payment. GE and Black Crow squared off in court.
But there are glimmers. Most broadcasters I have spoken with are reporting good first quarter pacings. Yes, the comps are easier, but it is a start. I met with a fund last week who has recently taken a position in the industry. I believe them to be "smart money." And I met with a broadcaster who believes that radio stations are attractive at the current pricing level. I continue to believe that things are looking up for 2010.
George
Media Services Group
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