GLG News Analyses of the following article:

In Radio These Days, Small Is Better

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Published at: online.wsj.com

Small Market Radio - Better Days Are Coming

June 17, 2009

Analysis by: GLG Expert Contributor

Small market radio stations are best poised to come out of this economic downturn. Localism is a key driver, especially since newspapers are disappearing.

The hidden teeth of digital spectrum sales

June 16, 2009

Analysis by: GLG Expert Contributor

They were all at it. Governments all over the world were auctioning off radio spectrum to the highest bidders. Make no mistake about it, the bids were high. So high in fact that only now we may hear about the true cost. Of course there are some 'secrets' behind this which the broadcasters and government would prefer not to be broadcast! These are DAB, DVB-T and HD, and DRM... all of which are changing the use of spectrum, although not quite as you might first think. All this means the small guys who didn't buy overpriced spectrum are on to a winner., see commentary for more details.

Brad SaulPresidentPrime Access

Local Radio Revenue Disappearing

June 16, 2009

Radio will survive. It is just going to be a very different medium, led largely by internet radio which has no barrier to entry.

Alan AlbarranProfessor and DirectorUNIVERSITY OF NORTH TEXAS

Small Market Radio One of Few Bright Spots for Industry

June 16, 2009

Article in the WSJ points out that small market radio stations are outperforming large market stations in terms of growing their markets.