Thursday, January 14, 2010

Call Report

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