CEO Jeff Smulyan said the New York market was very weak, down 7 1/2 percent overall, saying the radio industry is "skittish" and off to a tough start. Of particular interest was Smulyan's reporting that the wireless advertising category was down 35 percent. That's a theme we've heard a lot from other CEOs over the past few weeks. Looking ahead, Smulyan and CFO Pat Walsh say their radio division is pacing -6.5 percent for the company's fiscal Q1 (March, April, and May) and up mid-single digits in Q2 (June, July, and August) .
Add a Comment Send This Story To A Friend