Negativism is the Problem?
The problem isn't 16 straight months of declining revenues.
The problem isn't that Citadel just received a non compliance notice from NYSE.
Westwood One also just received a non compliance notice and faces de-listing.
The internet is a fad after all...
The NAB represents broadcasters.
I'm bullish on programmers. I'm bearish on broadcasters.
The broadcasting industry is on the same road as the newspaper industry, they're just a couple of exits behind. The scarcity provided by owning spectrum is becoming moot. The broadcasters will no longer be in control, the age of programmers is upon us.
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