Everyone's talking to everyone, |
Fundamentals will continue to be lackluster this year. The ad environment will get more challenging. |
I do think that long-term, over a five-to-10-year period (cell phone radios) are very real threats, |
I guarantee you those people are not listening to terrestrial radio as much. |
I think the chances of [Stern leaving Infinity] have definitely increased, |
It could be a slight threat to satellite radio but I would expect they'll coexist. |
It's a relief that revenues are no longer declining for Clear Channel. |
It's a very high fixed-cost business. You have satellite transportation costs, programming costs and customer service costs, |
Just like 'The Sopranos' fits HBO better than NBC, ... I think that Stern's content probably is a better fit for satellite radio than regular radio. |
Rarely does Clear Channel make an acquisition that isn't accretive to earnings, and Sirius wouldn't be accretive, and Clear Channel also has a seat on XM Satellite's board, which it would probably have to give up if it wanted a stake in Sirius, |
Real might need to look for a merger partner and I think the assets are valuable. |
Return on investment in PPM is increasingly uncertain. |
Revenues slightly exceeded guidance and they didn't burn through as much cash as I expected. |
They have the No. 1 women's Web site and a lot of new advertisers. You're seeing a lot of advertisers who were historically on Oprah or in Cosmopolitan (magazine) go there. |
We don't know who it will be, but one such deal will be announced before the end of the year, |