Radio stock values soar. (Schroder Wertheim Media Group report)(Brief Article)

Broadcasting & Cable, June, 1996

A report released by the Schroder Wertheim Media Group comparing the market value of 14 publicly traded radio stocks showed a 90% increase between May 1995 and May 1996. Schroder Wertheim placed radio group Clear Channel Communications above its competitors, noting a 190% increase in the market value of its stock during the past year.

According to the report, Clear Channel stock traded at an average $27.50 per share last year, compared with an average $74 per share price during the first half of 1996. Other top performers included Premiere Radio Networks, whose stock jumped 138% in market value; Jacor Communications, whose stock value jumped 114%, and Emmis Broadcasting, whose stock rose 108% in market value during the past year.