Wednesday, April 7, 2010

The bottom is in

The Crestview Partners $500 million investment in Lew Dickey announced today marks the turnaround for the radio industry. With leverage, it represents new liquidity for the radio business in excess of $1 Billion. I believe that we saw the real pricing bottom mid-year 2009 with the purchase and sale of WQXR in New York.

This deal brings renewed life to station trading. We have weathered the storm. Congratulations Lew!

Media Services Group