Radio stocks were not spared, with every stock in our index losing ground. In fact, of the 32 stocks listed below, only two penny stocks, Interep and International Broadcasting, had an up day. The Radio Index fell 5.365, or 2%, to end at 257.073 - - a year-to-date low. Clear Channel led the retreat, falling 3.9%. Spanish Broadcasting was off 3.7% and Arbitron 3.5%.

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Here's a veteran broadcaster's take on the current indecency controversy.

The problem with the indecency situation in broadcasting today is the mind set of many of today's air personalities and their bosses...
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Funds want meeting
with Disney board

Kiel leaving Journal
Communications board

Drudge fires volley at "60 Minutes"

Lowry's paycheck got a boost in 2003

Hinson new
Univision CFO
Univision Radio CFO Jeff Hinson has now been named CFO of all of Univision, succeeding George Blank, who will remain in a senior management role after 17 years with the company.

Jim O'Connell named VP/Infinity Solutions and Beyond
Former NFL exec. Jim O'Connell has been named VP/Infinity Solutions and Beyond, it was announced by Rich Lobel, Executive Vice President of Infinity Broadcasting's in-house marketing and sales group. The appointment is effective immediately.

Complimentary Report
2nd Quarter Accountability
"How do you plead, Effective
or Not effective?

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The following brokers will be attending the NAB. Call or email to make your appointment in advance.
-------------------------------Glenn Serafin, Aladdin Hotel,
cell 813-494-6875
[email protected]

Gordon Rice, Gordon Rice Associates, Bellagio, 843-884-3590,
[email protected]

Sarah O'Sullivan, Media Venture Partners, Ltd. , 415-391-4877,
[email protected]

Ted Hepburn, The Ted Hepburn Company, 561-863-8995,
[email protected]

Terry Greenwood, Bellagio,
410-931-3362,
[email protected]

Dick Kozacko, Luxor,
office 607-733-7138, cell 607-738-1219,
[email protected]

Jim Ortega, Satterfield & Perry,
cell 303/913-1888, [email protected]

Ron Swanson, Satterfield & Perry,
cell 570-881-5274, Bellagio Hotel, [email protected]

Cliff Gardiner, Clifton Gardiner & Company, 303-758-6900, [email protected]

Larry Patrick, Patrick Communications, 410-740-0250, Bellagio, [email protected]

Media Services Group,
Bellagio Hotel, mediaservicesgroup.com.

Zoph Potts, Snowden Associates, Bellagio, 252-940-1680 cell 252-717-3772, [email protected]

John L. Pierce, John Pierce & Company LLC, Mirage Hotel,
859-647-0101, cell 859-512-3015, [email protected]

Frank Boyle, Bellagio, 203/969-2020,
[email protected]

Latest indecency outbreak: Atlanta
The "Regular Guys" morning duo on Clear Channel's WKLS-FM Atlanta has some explaining to do to management about how mics were left open during a stop set. RBR observation: And how much better would this have been if things had gone as planned? Not much. We presume the FCC has engineers who know how to play a tape backward. 03/22/04 RBR #56

CPP system flawed for radio?
Joe Shamwell, Director/Market Research, ABC Radio/DC weighs in on CPP vs. CPM: "There are two methods of evaluating media efficiency: Cost-Per-Thousand (CPM) And Cost-Per-Point (CPP).
03/22/04 RBR #56

FCC fines Stern and Clear Channel, admonishes NBC
Fined Infinity's WKRK-FM Detroit $27,500 for a 2001 episode of the "Howard Stern Show" and Clear Channel's WAVW-FM Stuart, FL and WZZR-FM Vero Beach, FL $55,000 for a 2002 simulcast of a morning show. As expected, NBC got a slap on the wrist. RBR observation: Chairman Powell and the other four members of the FCC should be ashamed. For the first time in the history of the agency, they have demonstrated that an enforcement action can be reversed by political pressure. The commissioners are right that the NBC decision is a course reversal, but that's all they are right on. They are dead wrong on the law. By no stretch of the imagination would the FCC's revised action on the Bono comment stand up in court. This is all about politics, not law. Michael Powell, Kevin Martin, Michael Copps, Kathleen Abernathy and Jonathan Adelstein all have aspirations to higher offices in Washington. Every last one of them is using their FCC post as a stepping stone. Editor's Note: Each one of them has put politics ahead of their oath of office. 03/19/04 RBR #55

PPM not the only challenge
facing Arbitron
Arbitron still may have trouble cutting new long-term contracts with radio groups this year, since it still can't come up with cost estimates for the Portable People Meter (PPM) until it works out a joint venture with Nielsen. But a more immediate problem may be negotiating a new contract with Cumulus Media, which is studying whether to dump Arbitron in favor of cheaper Eastlan in some of its markets. RBR observation: What we hear at this point is that Cumulus and Arbitron have barely begun talking about the contract renewal and that Cumulus has barely begun the process of comparing Arbitron and Eastlan ratings data. If Lew Dickey leads the way to Eastlan, will others follow? And will agency/advertiser dollars follow as well? Editor's Note: In 1977, Jim Seiler, founder of Arbitron and MediaTrend, projected that it would cost $30 Million to break the back of Arbitron. What's $30 Million in 2004 dollars? 03/19/04 RBR #55