Tuesday, December 22, 2009

Radio Stock Update 2

Twice before I've examined the ups and downs of a set of radio stocks. I revisit today because some of these chains are now declaring bankruptcy. After a year, it bears some scrutiny. the stock market rebounded significantly this year, and some radio stocks bounced back, others bottomed out. I added a couple to the list to round out the information.Two companies declared bankruptcy, three more may soon as well. Two went private and Clear Channel is expected to miss their first big interest payment to Bain-Capital January 15th and get the cleaver. On with the numbers...

Clear Channel Communications
CCU/NYSE
IPO 7/6/1994 - 29.9
Peak - 11/5/07 - 38.4
went private.. took their stock and went home.

Cumulus Media CMLS/NASDAQ
IPO - 11/16/2001 - 6.99
Peak - 4/23/2004 -22.25
10/15/08 - 1.77
03/02/09
- 1.82
Currently - 2.27

Saga Communications SGA/NYSE
IPO - 10/15/1993 - 5.4
Peak - 5/3/2002 -23.20
10/15/08 - 4.9
03/02/09- 4.28
Currently - 12.75

Entravision Communications EVC/NYSE
IPO - 8/11//2000 - 18.1
Peak - 8/18/2000 - 20.0
10/15/08 - 1.3
03/02/09 - 0.84
Currently -3.39
DELISTING LETTER 12/17/08

Citadel Broadcasting CDL/NYSE
IPO - 8/1/2003 - 20.09
Peak - 12/26/03 - 22.7
10/15/08 - 0.26
03/02/09 - 0.2
Currently - 0.014
DELISTING LETTER 9/15/08
DECLARED BANKRUPTCY 12/20/09

Regent Communications RGCI/NASDAQ
IPO - 3/4/2000 - 13.12
Peak - 3/11/2008 - 13.68
10/15/08 - 0.7
03/02/09 - 0.1735
Currently - 0.2
DELISTING LETTER 8/16/08

Cox Radio CXR/NYSE
IPO - 10/11/1996 - 7.2
Peak - 12/31/1999 - 33.25
10/15/08- 6.85
03/02/09 - 5.20

Entercom Communications ETM/NYSE
IPO - 3/12/1999 - 29.68
Peak - 2/4/2000 - 65.8
10/15/08- 2.34
03/02/09 - 1.28
Currently - 7.48

Salem Communications SALM/NASDAQ
IPO - 07/02/1999 - 26.375
Peak - 04/23/04 - 33.08
10/15/08- 1.01
03/02/09 - 0.56
Currently - 4.48

Beasley Broadcasting BBGI/NASDAQ
IPO - 02/11/2000 - 14.125
Peak - 02/13/2004 - 19.05
10/15/08- 1.71
03/02/09 - 1.11
Currently - 3.82

Emmis Communications EMMS/
NASDAQ
IPO - 03/04/1994 - 7.75
Peak - 12/31/1999 - 62.32
10/15/08- 0.60
03/02/09 - 0.31
Currently - 1.23

Radio One ROIAK/NASDAQ
IPO - 06/02/2000 - 65.00
Peak
- 06/02/2000 - 65.00
10/15/08- 0.301
03/02/09 - 0.41
Currently - 3.29

No comments:

Post a Comment