Jim Cramer says the radio business has more potential to it than many investors might think. And he told the viewers to his Mad Money program on CNBC that the negative sentiment about the Entercom/CBS merger is a fabulous buying opportunity.
Cramer says the negativity about the deal is misplaced and Entercom’s stock is a bargain. “In fact, it may be one of the cheapest stocks in the entire market. Why? Because pf the complexity of the transaction and the perception that radio’s dead. That’s scaring people away. As long as there are cars with human drivers — and I know one day there might not be, but right now, there are — there will be radio, and Entercom could be the best way for institutional investors to profit from that longevity.”
Cramer says that while online competition’s been devastating to television, radio is different because most people listen to radio in the car. “You can’t play with your smartphone when you’re driving — you need to keep your eyes on the road. All you can do is listen, which is why radio is still relevant.”
Watch the segment about the Entercom/CBS deal on Mad Money HERE
kevin..did you know he lost his trading license for Illegal doings….???
The other thing Cramer didn’t mention is what Alexa and the Amazon Echo are doing to revive Local Radio listening in the home! It’s a BIG Deal – with the highest percentage of listening on the Echo being done to Local Radio! Love it!!!
anything i have seen shows Pandora hogging the Amazon Echo listening. https://radioink.com/2017/06/07/pandora-dominates-amazon-echo-listening/. I have not heard a peep about Radio listening on these devices. i have two of them. inquiring minds want to know!
i have listened through TuneIn, if that’s what you mean, but it’s the same loooooong breaks. I still have not heard that local radio is leading the listening time on these devices. i would love to see that info.
That means it’s a bad deal . Don’t trust this guy
“Don’t trust this guy”? Why? Do you actually think he’s dishonest? That’s a pretty big charge. Do you have anything with which to back it up?