Yikes! Radio Revenues to Tumble 13%

Talk about good timing.

Our post yesterday spoke to the importance of online radio for terrestrial broadcasters.

Although we are not big fans of "analysts", we do like to cherry-pick "investor notes" when they support our position.

Think George Bush combing over any potential tie-ins between Iraq and 9-11 back in 2003.

Luckily no one will die over our selective use of facts.

Anyway, Wachovia analyst Marci Ryvicker reconfirmed her belief today that terrestrial radio is looking at a 13% decline in revenues in 2009.

The one bright spot: online radio...which is expected to have a "defining year" in 2009.

We would not go that far, but it may just be the key towards future growth.

BTW, Just so you know we take these investor notes with a grain of salt...we would like to point out that Wachovia has single-handedly brought once proud Wells Fargo to its knees asking for a bailout.

We can only hope that Marci's ability to predict the future is far more lucid than her bosses.