Radio Stocks Face Static

Flat revenues and dwindling listeners are making investors tune out of radio companies. Can they make a comeback?

Talk about lousy reception. On Mar. 1, the share prices of the largest radio network, Westwood One (WON), as well as the fifth-biggest radio broadcaster, Citadel Broadcasting (CDL), scraped new 52-week lows following lackluster fourth-quarter profit reports. But earnings season alone didn't kill the radio stocks.

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