Arrow-matic day on the Street


The action was all on the radio side. It looks like Clear Channel’s privatization is getting close to being a done deal – its stock arrow pointed straight up yesterday. Cumulus announced that its privatization deal was in the tank – its stock price pointed straight down. Meanwhile, Radio One edged over a dollar and Emmis enjoyed a double digit gain on conference call day. The television side, however, was pretty dull, registering an almost imperceptible gain by the end of the day.