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Analyst: Radio Revs Will Fall 13 Percent In 2009. Or More.


NEW YORK -- January 6, 2009: Wachovia analyst Marci Ryvicker has revised her earlier prediction of an 8 percent drop in radio revenues in 2009 downward, and is now forecasting a 13 percent drop. Or worse: She says even the revised prediction may be "too optimistic."

She says radio stocks have "hit bottom given the various penny stocks, significant debt levels, nonexistent credit and significant revenue and EBITDA declines." Ryvicker continues, "Unfortunately, however, we see no catalyst that will favorably boost the stocks until an economic and/or credit market recovery ensues."

Ryvicker sees Emmis and Saga as likely to be the "best performers" this year but says groups will be focusing on avoiding delisting and bankruptcy rather than generating revenue.


 

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Operations Director/Jacksonville

The Operations Director oversees programming and engineering functions for all of our stations. This includes but is not limited to; direct supervision of all Program Directors, direct supervision of the Chief Engineer, designing and executing fantastic on-air products, the advertising and the promotions that will make our target audiences love us, and maintaining dynamic station websites. This must be done with a commitment to a fair and responsible balance of programming quality and revenue maximization.

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