Citadel, Clear Channel or Journal: which was the best buy?
Don Day | December 21, 2009
Let’s pretend you bought stock in the three major Boise radio companies when this site started in September 2003.
Citadel. Clear Channel. Journal. Which one would be worth the most money?
Citadel was worth $18.85 per share. A share of Clear Channel stock went for $17.93. Journal stood at $16.45.
Today? Citadel: one cent. Journal $4.09. Clear Channel: $39.48.
Journal’s dropped by nearly two-thirds. Citadel’s stock is worthless. But Clear Channel? You would have more than doubled your money.
Go figure.
So you’d double your money with Clear Channel? But then you’d be profiting from the destruction of a medium you supposedly love…..