Wednesday, April 16, 2014

Radio Stocks: UPDATE 5


At the bottom of the market I was updating this every few months but it's still interesting to examine this since I haven't taken a look at the numbers since 2012!  The market as a whole has been two long years in recovery... but has radio? Take a look below:

Clear Channel Communications CCU/NYSE
IPO 7/6/1994 - 29.9
Peak - 11/5/07 - 38.4
07/24/08 -WENT PRIVATE

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
12/22/10 - 2.27
12/15/10 -  3.70
01/12/12 -  3.71
CURRENTLY - 6.72

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
12/22/09 - 12.75
12/15/10 -  24.40
01/12/12 -  38.39
CURRENTLY - 45.34

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
12/17/08 - DE-LISTING LETTER
12/22/09 -3.39
12/15/10 -  2.49
01/12/12 -  1.38
CURRENTLY - 5.70
 
Citadel Broadcasting CDL/NYSE
IPO - 8/1/2003 - 20.09
Peak - 12/26/03 - 22.7
09/15/08 - DE-LISTING LETTER
10/15/08 - 0.26
03/02/09 - 0.2
03/06/09 - DE-LISTED
12/20/09 - DECLARED BANKRUPTCY
06/01/10 - EMERGED FROM BANKRUPTCY

Regent Communications RGCI/NASDAQ
IPO - 3/4/2000 - 13.12
Peak - 3/11/2008 - 13.68
08/16/08  - DE-LISTING LETTER
10/15/08 - 0.7
06/30/09 - DELISTED (Stock now trades on the OTC Bulletin Board.)

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
06/01/09 - WENT PRIVATE

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
12/22/09 - 7.48
12/15/10 - 9.35
01/12/12 -  7.21
CURRENTLY - 10.33
 
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
12/22/09 - 4.48
12/15/10 - 9.35
01/12/12 -2.54
CURRENTLY - 8.95

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
12/22/09 - 3.82
12/15/10 - 4.77
01/12/12 -  3.38
CURRENTLY -8.94
 
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
12/22/09 - 1.23
11/05/10 -  DE-LISTING LETTER
12/15/10 - 0.47
01/12/12 - 0.72
CURRENTLY - 3.31
 
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
12/22/09 - 3.29
09/20/10 - DE-LISTING LETTER
11/22/10 - REGAINED COMPLIANCE
12/15/10 - 1.01
01/12/12 - 0.94
CURRENTLY - 4.37
 
Sinclair Broadcast Group SBGI/NASDAQ
IPO - 06/09/1995 - 9.54
Peak - 04/03/1998 - 29.81
10/15/08 - 6.64
03/02/09 - 1.13
12/22/09 - 3.66
12/15/10 - 8.36
01/12/12 - 12.74
CURRENTLY - 27.41
 
Spanish Broadcasting System SBSA/NASDAQ
IPO - 11/05/1999 -26.625
Peak - 12/31/1999 - 40.25
10/15/08 - 0.41
03/02/09 - 0.09
12/22/09 - 0.75
02/13/10 -  DE-LISTING LETTER
05/01/10 - REGAINED COMPLIANCE 
10/18/10 -  DE-LISTING LETTER
12/15/10 - 0.74
01/12/12 - 2.84
CURRENTLY - 6.49
 
Up, up up!  Every radio stock has bounced back and then some. SBS and Sinclair actually doubled in value. But the down jones over that same period of time has increased by 25%. But even if you consider that growth par for the course, these media stocks have done very well indeed.

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