The cut can't hurt, but it's marginal as far as its impact.
More Quotes from Fred Moran:
This officially recognizes what the market has already stated Traditional broadcasting assets are worth less than they were a few years ago.Fred Moran
Outdoor represents the only area of established media that is still seeing strong growth.
Fred Moran
Radio is the real wild card. It remains to be seen how CBS performs without Howard Stern.
Fred Moran
Nextel is focused on the emerging market where wireless penetration is minute and growth potential is still ahead,
Fred Moran
AOL Time Warner will be valued like a traditional media company with superior growth prospects,
Fred Moran
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