gordo

Radio Value Opportunity Beckons: Calling Warren Buffett

Dont you think this industry suffers from what the newspaper industry suffers from: poor economics. That is to say would radio have even existed if satellite radio and ipods and on demand media existed first? Buffet does not own a radio station to my knowledge. I would say the long term earnings power of a radio station is not as knowable as say the future earnings power of say gillette... so why invest in it. Do you have an investment in radio?