Tuesday, July 12, 2005

"Clearly we need stronger
growth as an industry."

~ Jeff Smulyan
Great line from the Emmis CEO -- but then he goes on to say: "2% or 3% isn't going to change any minds on Wall Street." Clearly he's more bullish on radio than most analysts, but his stance that the satellite and iPod fuss is "overblown" is way off base.

The problem is that he only seems to be looking at the situation from TODAY. What about TOMORROW? What about NEXT MONTH? What about NEXT YEAR? At the rate satellite and podcasting are attracting new users, today's "2% or 3%" is going to be more like 20% and 30%.

Think that will change any minds on Wall Street?

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