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Jim Cramer spits in Radio’s face

Posted on: Feb 09, 2008 in Finance

All of this from the perspective of Wall Street, of course, not Main Street. But it’s not pretty.

Says Jim, “radio is finished as know it.”

See the video here.

Cramer

(Sorry, embedding isn’t enabled. I hate that.)

And the video is tagged with a spot for a car that features…XM Satellite Radio

The Devil is in the details, of course.

And the issue in my mind is the “as we know it” part of Cramer’s statement.

Nothing else remains static. Why should radio?

View Comments
  • L Wilson, I assume you're talking to Mr. Cramer. But regardless, I don't get your point.
  • Ouch ... but most in power will not see or care to watch ... so it doesn't hurt. Change will come but as usual from the outside and from the bottom up.
  • L Wilson
    You call yourself an expert. Please answer the following.
    1) what groups have you run? 2) what groups have you owned (your name being on an FCC ownership report)? 3) what groups have you worked at during an IPO as an officer or principal? Thank you
  • Chuck Armstrong
    I think the first comment from Chance is right on. I see music radio dying because a lack of content. Everything is becoming automated and voicetracked, and it doesn't offer anything different or unique from other mediums. While I think talk radio is much more vibrant, it is still on a similar path. Syndication is talk radio's voicetracking. Obviously it isn't as harmful as music radio's voicetracking since it is still live (usually) and offers unique or interesting programming, but, I think it is safe to say that syndicated talk shows are destroying local talk radio. Most talk radio stations have one, maybe two local talk shows. The rest are syndicated (which is where the money is at), but the future of radio depends on being a unique voice that is promoting the locale of where the signal is originating from.
    Jim Cramer, Wall Street's voice, not Main Street's...Well put, Mark. I just heard Jim on Howard Stern last week. Interesting.
  • Bob Young
    The people who run radio are these big people, they always think they are these big people, big in their own minds anyway, haha! When XM and Sirius team together they will own the car market. Yup, this guy knows what he's talking about. Jeez, I wonder if this is why the iBlock Alliance is trying in vain to prevent the merger?
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MRM President Mark Ramsey has worked with innumerable television and radio broadcasters over his career, including all the biggest names, from Clear Channel, CBS, Bonneville, Sirius XM...

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