Cramer on Radio
Harve Alan, has posted the video of Jim Cramer commenting on the business of radio this week on Wall Street Confidential on TheStreet.com.
From the opening introduction by host Farnoosh Torabi, including the words “Radio…maybe a dying medium” to Cramer’s defining, comment of “Radio is over as we know it.” Clearly, this is not a PR video from the NAB. However, it is completely true. What Cramer says in this video is exactly what is going on.
1.When you decide that all that matters is great cash flow, and cash flow starts to go down, then you don’t have anything.
2.Once XM and Sirius team up then there will be a uniform satellite service and will be in every car.
3.Cars are what radio is about. (At least for the last 30 years)
4.People who own radio talk a big game (Nothing wrong with that, gang. It’s show biz.)
And the big enchilada…
5. Radio is finished, as we know it!
H/T to Phil Wilson at remaincomm