Berger: Emmis Interested In ABC, Sees "Compelling Upside" In Radio
November 7, 2005 at 1:53 PM (PT)
EMMIS EVP/CFO WALTER BERGER's presentation at the HARRIS NESBITT media conference MONDAY (11/7) stressed the company's position that radio has a "compelling upside," noting that radio has 32.5% of consumer media usage but only 8% of the ad market. The company's position on radio has led it to sell off several of its TV stations, but BERGER said that the company intends to hold onto FOX affiliate WVUE (TV)/NEW ORLEANS and will "sell it at the right time" after it is rebuilt and the market recovers. BERGER said that, as previously reported, EMMIS is one of the companies looking at taking over the ABC RADIO stations.
Also presenting on MONDAY at the conference: REGENT's BILL STAKELIN, SALEM's DAVID EVANS, BEASLEY's BRUCE BEASLEY, VIACOM's LARRY KRAMER, HEARST-RRGYLE;s DAVID BARRETT, ENTRAVISION's JOHN DELORENZO, UNIVISION's ANDREW HOBSON, iBIQUITY's BOB STRUBLE, and DISNEY's BRIAN BURNS.