Jim Cramer: 'Radio Is Over As We Know It'
February 12, 2008 at 5:48 AM (PT)
CNBC host JIM CRAMER didn't have many good things to say about radio as an investment on a recent WALL STREET CONFIDENTIAL appearance. Said CRAMER, "The radio fundamentals are so poor. The industry is going away."
Apparently, "cash flow" is a bad term for him.
It's about "earnings and dividends," he said as he painted a gloomy picture for those of us in radio and calls us out for having too big of an ego.
He also said the CLEAR CHANNEL deal is a "disaster."
Check it out for yourself here.