Free Cash Flow: Radio’s Ticket To Investors
NASHVILLE, Tenn. — What’s the best way to bring investors to radio?
“There is no better way to get investors’ attention than consolidation.”
Those are the words of Wells Fargo Securities senior analyst Davis Hebert, as he officially kicked off the business portion of the 2016 Radio Show produced by RAB and NAB.
Hebert opened Pillsbury’s Broadcast Finance Forecast, the 2016 Leadership Breakfast that featured a lively conversation from key Wall Street media analysts and C-Suite executives including Caroline Beasley, VP/CFO of Beasley Broadcast Group; Alpha Media founder and chairman Larry Wilson; and Cox Media Group EVP/Radio Bill Hendrich.
With Hebert’s proclamation that a further shrinkage of radio station owners would gain the attention of investors, he explained that this would expand free cash flow.
And, this is the one thing that investors are more focused on than anything when it comes to media stocks.