Radio Still Slipping (CBS)

No surprise here: Terrestrial radio continues to slip. Bank Of America analyst Jonathan Jacoby, via, says revenue at large market stations dropped 2 to 3 per cent in August; he’s projecting an overall drop of .4 per cent in 2007. Jacoby says he hears that Clear Channel and CBS stations in particular are struggling; last week at the Merrill conference the otherwise ebullient Les Moonves acknowledged that CBS’ radio unit was “challenged.” RadioInk

Related: CBS’ Moonves At Merrill Media Conference: Notes

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

cbs radio sai-us