Tuesday, August 08, 2006

Is It Me? The Financial Media? Or, Wall Street?

Reading a story headlined "Stations Report Mixed Results," by Wayne Friedman in Media Post this morning ("TV AND RADIO STATION GROUPS have been hit hard in recent months by lower ad sales from its top category--automotive. But one TV station group (Fisher!) has shifted into high gear..." ) made me wonder if any of these folks dig beyond the corporate press releases and analyst calls at all?

So, lessee, the moral is: sell a bunch of stations so you can report a good quarter?? What do they do next quarter to get more positive press? Sell more?

Isn't that called "going out of business?" Wall Street, where greed and short term thinking are wonderful things. Go figure.

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