Blame it on COVID-19. Blame it on a wholesale failure for an industry-wide “fail safe” akin to broadcast television’s retransmission consent fees.
Commercial radio stations are reliant on paid advertising, and a healthy economy. With Wall Street worried about a potentially devastating second wave of COVID-19 infections, radio industry issues were battered on Friday.
However, with minutes to go in the final trading session of October 2020, two companies stick out, in particular, for their flailing five-year stock performance. And, all signs suggest new five-year lows are on the way.
