Another soft month


Look for the RAB to report May revenue figures sometime this week. It will, by all accounts, be another down month. The Wall Street consensus is a 4% decline. CL King analyst Jim Boyle says based on his checks of markets across the country, he is expecting the decline to be 5-6%. Once again, Boyle says smaller markets did better than their larger brethren, with the revenue gap growing in May. That’s 24 months out of the last 28 that small to medium markets performed better than large markets, Boyle notes.