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Radio News ®
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 Young demo showing
interest in 2008
After developing a reputation for lack of interest in political affairs, members of the 18-29 demographic are turning that perception on its head. In fact, a trend toward more participation in the electoral process began in 2004, and it seems to be gathering more steam this year. The Washington Post quotes a survey from the Center for Information and Research on Civic Learning and Engagement which demonstrated upticks for the age group in 2004, further growth in 2006 and which projects even greater participation in 2008. A new website, VoteGopher, is attracting a crowd, providing information on candidates and their positions on a wide variety of key issues (unfortunately, media consolidation is not one of them). Another study from Peanut Labs shows that 18-29s, independents as well as those identifying with one of the two major parties, are engaged, think the nation is pointed in the wrong direction, and are more interested in "honesty and trust" than they are in "experience" in a candidate. This is leading young Republicans toward the candidacy of Ron Paul (R-TX) and Barack Obama (D-IL). One observer notes that it is no accident that these two candidates are deriving the most benefit from online campaign contributions. Much of that cash is coming from engaged, tech-savvy youngsters.
RBR observation: When you think political advertising, you think of formats such as News-Talk and news and public affairs programming on the television side. The burgeoning interest of younger citizens would seem to open the category to music-formatted stations and shows targeted to this group. For broadcast stations that have never seriously considered tapping into the political category, this may be the time to make a play. Remember that if there is a constituency among this demo for Paul and Obama, then there are also candidates who don't want to lose votes to either of them. Hey, Huck! Hey, Hillary! Wanna piece of our demo? Spots are going fast -- better rock on over here immediately.
New CEO has 3-year deal
An SEC filing by Westwood One discloses that new President and CEO Thomas Beusse signed a three-year contract when he joined the company last week (1/9/08 RBR #5). With speculation in the marketplace about the company being sold in the next few years, we note that Beusse continues to be paid for two years and gets immediate vesting of some stock options if that employment period is cut short. The new CEO of the nation's largest radio network company will be paid a base salary of 700K per year and he'll be eligible to as much as double that via a performance bonus. In any case, his bonus will be at least 300K this year. He's been granted options to purchase one million shares of Westwood One stock and, based on performance as determined by the board of directors, could receive options for up to 625K shares each of the next two year.
Getting the new CEO in place is viewed as a positive by analyst Chris Ensley at Bear Stearns, but he is not yet changing his "peer perform" rating on the stock. Ensley notes that Westwood One needs to negotiate with its banks before its leverage ratio is set to step down at the end of Q1. He also notes that WW1 could be skating close to a bond covenant by mid-year, so negotiation with bondholders may be needed as well. "We believe the CEO announcement is a clear positive that will enable Westwood One to address credit issues that are weighing heavily on the stock. With radio industry growth decelerating, we maintain our Peer Perform on Westwood One," Ensley told clients.
RBR observation: While Beusse's deal allows for the possibility of a buyout of the company, that is by no means a certainty. Until the credit markets improve dramatically, it is not likely that we will see many, if any, new private equity deals in broadcasting.
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Bin there, seen that
Apparently there just aren't enough advertising venues yet. We keep hearing about new ones all the time. The latest to come to our attention is called "a new dimension in airport advertising." Did you guess that it involves the "recyclable polypropylene plastic substrate?" We didn't think so. We doubt most of you even know what that means, except for the plastic part. Anyway, if you are the kind of advertiser that wants to capture citizens when they are likely to be highly bored and/or irritated, then this may be the venue for you. It consists of placing an ad on the bottom of the plastic bins into which you throw your keys, change, daggers, firearms, hand grenades and other metallic personal items when going through security to board a plane. AZUNA makes the trays for SecurityPoint Media's checkpoint advertising medium. Advertisers already using the service are said to include Easton Sports, KFC, LG Electronics, Comcast and the New York Yankees.
RBR observation: There are still a few places left where you can allow your eyes to stray with out being assaulted with yet another friendly word from somebody's sponsor. For example, we had occasion to visit the National Zoo in Washington the other day. We are happy to report that none of space the on the local elephant herd had been sold to any Republican candidates, nor had any of the donkeys down at the domestic exhibit been sold to any Democratic candidates. So far...
 ABC, NABET sign new
four year contract
ABC and the National Association of Broadcast Employees and Technicians (NABET) Sector of the Communications Workers of America ratified a new four-year contract Friday covering about 1,100 staff employees and several thousand hires--news writers, desk assistants and technicians at the ABC Television Network, four ABC O&Os, ABC News Radio and at ABC operations. Union members will get a guaranteed pay hike of at least 3% in each of the next four years. Per diem pay hikes are also included in the pact that runs through March 2011 (the contract is effective 1/12). All eight NABET bargaining units at ABC ratified the contract. Earlier, both NABET's leadership and its negotiating team had unanimously recommended ratification. Many of the employees are at WABC-TV New York, KABC-TV Los Angeles, WLS-TV Chicago and KGO-TV San Francisco - and at the ABC Television Network in NY, LA and DC.
FCC set for first Open Meeting of 2008
The traditional format for the FCC January Open Meeting will be featured as per usual this week on Thursday, 1/17/08. Four panels will parade before the Commissioners, all comprised of bureau chiefs and managing directors, who will tale a look back at 2007, and perhaps offer some insight into what's coming up for 2008. Of most interest to broadcasters are the Media Bureau, which is part of Panel Two, and the Enforcement Bureau, on the caboose of the session, Panel Four. The meeting kicks off at 9:30 AM Eastern time.
RBR observation: Typically, very little happens during the first meeting. The chiefs (along with a smattering of others with different job titles), and tell about all the things they did during the previous year and how much hard work it took. The commissioners will compliment them on and thank them for their hard work. In fact, perhaps we should keep track of how many times the phrase hard work is cited, and award bonus points for those chiefs and commissioners who find the most creative alternatives. If we're lucky, one of the chiefs will tip their hand in a meaningful way. It would be good to know, for example, if the Enforcement Bureau is hellbent on dusting off that brand new, squeaky clean still-in-the-box, mint-condition 350K indecency fine and smash it over the head of some broadcaster who is unfortunate enough to have a DJ contract a case of rapid-onset Tourette's Syndrome while on the air live. But don't count on it.
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Ad Business Report TM
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 Fox Soccer channel goes
bar-hopping with Corona
Fox Soccer Channel has partnered with first-time advertiser Corona to launch a national multiplatform sponsorship and turnkey consumer promotion tied to the Barclays Premier League and other live soccer programming. The fully integrated sponsorship will be activated across television, online, radio, print and through a series of 63 "Fox Soccer Channel Viewing Parties Presented by Corona" at participating pubs in New York, LA, DC, Atlanta, Denver, Chicago, Columbus, Boston, and Miami. Set in Corona/FSC-branded taverns, the events will be staged in three phases: Kick-Off (1/1-31), Halftime (3/1-31) and Overtime (5/1-31). Fans attending the viewing parties will receive Corona beer specials and opportunities to take home co-branded premiums, including beer buckets and coaster sets.
A promotional announcement will air on Fox Soccer Channel through the end of May to drive awareness of the pub initiative and invite viewers to local events. On Foxsoccer.com, banner ads will direct fans to a dedicated pub microsite at foxsoccer.com/viewingparties, where they can find everything they need to know about the promotion, including participating venues in their respective cities. Additional media support will include "call-to-action" tags on radio spots, plus direct mail, viral marketing and print advertising aimed at soccer fans throughout the country. Creative Presence Partners Atlanta handled.
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| Media Markets & Money TM |
The woad to WUIN
Wouldn't Elmer Fudd just love this headline? Anyway, Sea-Comm Inc. is bringing a Carolina Beach NC FM station officially into the fold of its local, Wilmington NC-market cluster, consummating an LMA/option deal that traces its earliest roots back to April of 2004. WIUN-FM will be coming from Ocean Broadcasting II for 1M cash less certain amounts already paid. Sea-Comm's has three other stations in the market. Although one of them, WNTB-FM Topsail Beach, does not share contour with WUIN, the other two -- WLTT-FM Shallotte and WBNE-FM Wrightsville Beach -- do.
CBS station spin completed
The sale of CBS Corporation television stations to Four Points Media Group, an operating company formed by Cerberus Capital Management, is now official. Bringing this transaction home also brings the company's 922M sell-off of station properties to the finish line. The immediate closing involves stations in four markets, KEYE-TV Austin TX; KUTV-FM & KUSG-TV Salt Lake City UT; WLWC-TV Providence RI-New Bedford MA; and WTVX-TV West Palm Beach-Ft. Pierce FL. The value is 185M. The Austin and SLC stations are CBS affiliates; the Providence and West Palm stations are with CW. The deal also includes a pair of Class A stations in West Palm, carrying MNT and TV Azteca. In all, CBS has sold 11 television stations in seven markets, and 39 radio stations in 10 markets in deals dating back to December 2006. It is left with 29 television and 140 radio stations.
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| Washington Business Report TM |
 Organizations moving DTV forward
The NAB hitchhiked onto an annual Washington DC event put together by one of the market's prominent network O&Os, NBC 5 WRC-TV. The event is Health and Fitness Expo, held at the Washington Convention Center over the weekend, and the reason for the thumbs out posture was to inform attendees about the DTV transition. It's part of the DTV Road Show, which will have logged 95K miles at 600 venues in 200 markets before the year is out. Meanwhile, the Michigan Association of Broadcasters is making plans to educate the 600K at-risk television viewers it thinks exist in the state. It is developing its own educational program in conjunction with community organizations most likely to have existing lines of communication to those who may otherwise be left behind 2/17/09, including the elderly, the poor and those in rural areas. Beyond that, television and radio stations will be enlisted statewide to get the word out over the air via PSAs.
RBR observation: There are national, state, and local stakeholders in every single market in America who will be working to get the word out all year long. We suspect every stakeholder worth its salt is not going to wait for some other stakeholder to make sure businesses is not disrupted when the big change occurs. The result should be that it will be very difficult for a citizen to go 2009 unaware of the transition. Will some of them ignore the warnings anyway? Of course. But we just find it difficult to believe that lack of consumer awareness will be a huge problem.
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| Entertainment Business Report TM |
Soccer rights score for GLR
Grupo Latino de Radio (GLR) announced the acquisition of exclusive five-year radio broadcast rights in the US and Canada for top Mexican soccer team Chivas de Guadalajara's home games. This is currently the only exclusive Mexican soccer league property in the US, according to GLR. Starting this summer with Torneo de Apertura 2008 and until 2013, the games of Chivas, the favorite team of Mexican soccer fans, will be distributed exclusively by GLR Networks to its affiliated radio stations.
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| Internet Business Report TM |
 Social networking sites
slow and inaccessible
Popular social networking sites are frustrating users, according to WatchMouse - by making them wait. Research from the leading website monitoring company has shown that Web 2.0 sites often lag behind other commercial sites in performance - they are often slow to open or fail to load properly. WatchMouse monitored the time it took the social networking sites listed on Wikipedia to load. The results showed that the worst, in terms of availability, was the popular Facebook. Other well-known culprits included Twitter, last.fm, Windows Live Spaces, Friendster and del.icio.us. Of the 104 sites monitored, nearly half - 51 earned a Site Performance Index (SPI) of 1000 or more, which indicates very slow load time. This was an unexpected outcome, considering most of these sites rely heavily on Ajax, which generally delivers quicker load times because the dynamics of the site do not load immediately. While first generation websites generally required a webpage to fully load each time a user clicked, the use of Ajax helps websites improve interactivity, speed, functionality and usability by instead exchanging small amounts of data with the server upon user action. Faceparty performed the best - with an SPI of 303 - indicating that users can access the site most frequently and in the fastest time among the monitored social networking sites.
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| Engineering Business Report TM |
KFI getting new tower
KFI-AM LA has The City of La Mirada, CA's approval to build a 684-foot antenna to replace the one that was knocked to the ground by an airplane about three years ago. It's expected to be done this summer. But KFI still may have one more obstacle--a potential lawsuit from the city of Fullerton, which opposes construction because the rebuilt tower would only be about 1.75 miles away from its airport. The FAA in December ruled that the tower isn't a hazard. With the current 204-foot-high antenna, KFI's signal only reaches 11 million listeners in contrast to the 16 million it can reach with the proposed new 684-ft tower, according to KFI.
The Audemat group purchases Nortek
The Audemat group announced the buyout of Nortek. According to Bruno Rost, Audemat Group CEO, the purchase of Nortek, recognized for analog and digital TV products in the French domestic market, was the ideal partner to advance the development of future products in Digital TV, TNT and TV over cell phones. Following its incorporation with the Audemat group, Nortek will be called Audemat-Nortek. Dominique Poissonnier and Jean-Luc Guiraud, former managing directors will be now part of the board of the Audemat group.
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| TVBR TV News |
Belo board sets split in motion
Belo Corporation will complete its previously announced split into two companies (10/2/07 TVBR #192) next month, as the current board of directors last week approved details of the split. Belo's board has established the close of business on January 25, 2008 as the record date for shareholders and set a distribution ratio of 0.20 A.H. Belo shares for each share of Belo Corp. A.H. Belo will be the new company created to own the newspaper properties, while the television properties remain under the company's current name. The distribution of A.H. Belo common stock is expected to occur on Friday, February 8th and will begin trading on the New York Stock Exchange with the ticker symbol "AHC" on Monday, February 11th. Belo Corp. will continue to trade as "BLC." No fractional AHC shares will be distributed and cash will be paid in lieu of fractional shares. In other words, if you now own 100 Belo Corp. shares, after the distribution you will own 100 shares of Belo Corp. and 20 shares of A.H. Belo.
The distribution ratio of 0.20 means that there will be approximately 17.6 million shares of A.H. Belo Series A shares outstanding at the spin-off and approximately 2.9 million shares of super-voting A.H. Belo Series B shares (which do not trade publicly) outstanding. "This is an exciting step in Belo's strategic plan to enhance shareholder value by creating separate television and newspaper companies that will be very focused and responsive to changing industry dynamics," said Belo Chairman and CEO Robert Decherd. At the time of the split, he will become CEO of A.H. Belo and Dunia Shive will become CEO of Belo Corp. Following the spin-off, Belo Corp. currently plans to pay an annual dividend of approximately 30 cents per share, paid quarterly, and A.H. Belo currently plans to pay an annual dividend of approximately one buck per share, paid quarterly, after adjusting for the 0.20 distribution ratio. The actual amount and timing of each dividend are subject to final determination by the boards of the two companies.
TVBR observation: What is the relative value of the two stocks? We'll find out soon enough in the market. Belo said the NYSE has advised it that "when issued" trading in both post-split stocks will begin January 23rd, two business days before the record date. This could be a little confusing, since the "when issued" Belo Corp. shares will not include any right to receive A.H. Belo shares, while anyone selling Belo Corp. shares the "regular way" will also be selling their rights to the new A.H. Belo share distribution. In theory, the Belo Corp. shares trading the "regular way" on the NYSE should be valued about the same as one share of "when issued" Belo Corp. plus 20% of one share of "when issued" A.H. Belo. TVBR will be trading the "when issued" prices to see if that is indeed the case.
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| Monday Morning Makers & Shakers |
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Transactions: 11/26/07-11/30/07
November trading ended on a slow note, with only six transactions involving just seven stations and absolutely no action on the television side. However, a SoCal relocation project being undertaken by Liberman provided the top price tag, and Salem bought another project, a Baltimore AM station which it will modify in order to upgrade one of its other properties up I-95 in the New York market, combining for over 85% of total week trading value.
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Total
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Total Deals
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6
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AMs
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2
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FMs
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5
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TVs
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0
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| Value |
15.57M
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| Complete Charts |
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Radio Transactions of the Week
Liberman buys FM, hires moving van
| More... |
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TV Transactions of the Week
Settling in for a pre-winter nap
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©2008 Radio Business Report, Inc. All rights reserved. www.rbr.com / www.tvbr.com
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| Transactions |
500K KBSZ-AM Phoenix AZ (Wickenburg AZ) from Richard A. & Joann R. Peterson to ITV.Com Inc. (John Low). 10K escrow, 115K cash at closing, 375K note. [File date 12/19/07.]
400 WRLB-FM Rainelle WV from Faith Communications Network Inc. (Stewart Farley) to Allen Broadcasting Corporation (Todd Cinnamon, Burke Allen Adkins, Scott C. Cinnamon). 20K escrow, balance in cash at closing. LMA 1/1/08. [File date 12/19/07.]
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| Stock Talk |
Worries on Wall Street
Stock prices fell Friday amid worries by traders about the likelihood of a recession this year. The Dow Industrials fell 247 points, or 1.9%, to close at 12,606.
Radio stocks had another awful day. The RBR Radio Index closed at an all-time low ever day last week. For Friday, the index fell 1.269, or 1.6%, to 79.303. Regent fell 5.1%, Radio One (Class D) 4.8% and SBS 4.4%.One of the very few gainers was Emmis, up 11.8% as some analysts agreed with CEO Jeff Smulyan that the company was finally starting to recover. Although not components of the index, Journal was down 7.3% and Fisher fell 5.3%.
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| Radio Stocks |
Here's how stocks fared on Friday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
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Arbitron*
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ARB
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41.01
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+0.66
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Google
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GOOG
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638.25
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-8.48
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Beasley*
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BBGI
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4.73
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-0.08
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Hearst-Argyle
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HTV
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19.90
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-0.05
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| CBS CI. B |
CBS |
 |
24.10
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-0.49
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Journal Comm.
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JRN
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7.36
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-0.58
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| CBS CI. A |
CBSa |
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24.29
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-0.37
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Lincoln Natl.
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LNC
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55.78
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+0.23
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| Citadel* |
CDL |
|
1.56 |
-0.04 |
Radio One, Cl. A
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ROIA
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1.82
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-0.07
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Clear Channel*
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CCU
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34.47
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-0.53
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Radio One, Cl. D*
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ROIAK
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1.80
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-0.09
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Cox Radio*
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CXR
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10.99
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-0.36
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Regent*
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RGCI
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1.31
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-0.07
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Cumulus*
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CMLS
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5.65
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-0.21
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Saga Commun.*
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SGA
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5.93
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-0.01
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Debut Bcg.
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DBTB
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|
0.97
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-0.02
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Salem Comm.*
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SALM
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4.20
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-0.16
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Disney
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DIS
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30.32
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-0.35
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Sirius Sat. Radio
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SIRI
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|
2.93
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+0.04
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Emmis*
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EMMS
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2.74
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+0.29
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Spanish Bcg.*
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SBSA
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1.51
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-0.07
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Entercom*
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ETM
|
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11.21
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-0.27
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Westwood One*
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WON
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1.51
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-0.02
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Entravision
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EVC
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6.99
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-0.30
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XM Sat. Radio
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XMSR
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11.03
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+0.33
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Fisher
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FSCI
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34.56
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-1.93
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-
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-
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-
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-
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-
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*Component of the RBR Radio Index
©2008 Radio Business Report, Inc. All rights reserved. www.rbr.com / www.tvbr.com
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Bounceback
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 We want to
hear from you.
This is your column, so send your comments and
a photo to [email protected]
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Below the Fold
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Ad Business Report
Fox Soccer channel
Goes bar-hopping with Corona launched a national multiplatform sponsorship & turnkey promotion...
Media Markets & Money
The woad to WUIN
Wouldn't Elmer Fudd just love this headline, any way, Sea-Comm brings an FM into fold...
Engineering Business Report
Getting new tower
KFI-AM has The City of La Mirada, approval to build a 684-footer...
Shakers & Makers
Transactions: 11/26/07-11/30/07
Radio: Liberman buys FM, hires moving van
Television: Settling in for a pre-winter nap...
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Stations for Sale
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 Market your Stations For Sale
in our daily epapers.
Contact
Jim Carnegie
[email protected]
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Radio Media Moves
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Private Label Radio taps Craig Carman
Private Label Radio, a division of DMI Music & Media Solutions that delivers customized in-venue audio programming to reinforce brand identity, announced today that Craig Carman is joining the company as SVP/national sales. He joins after nine years with PlayNetwork, where he directed significant growth in developing and strengthening the company's North American sales team.
Back on the air
Long-time Miami talk host Andre Eggelletion found himself without a station when Radio One recently sold WTPS-AM. But he is now returning to the South Florida airwaves, albeit only one day a week, with a new Sunday afternoon (3-5 pm) show on James Crystal Radio Group's WFTL-AM.
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More News Headlines
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McGavren Guild signs Perry Broadcasting in Augusta
Interep's McGavren Guild Radio Sales will provide national sales representation to five Perry Broadcasting stations in Augusta, GA: WFXA-FM (urban), WTHB-AM/FM (gospel), WAKB-FM (urban a/c) and WAEG-FM (jazz). Perry recently acquired the five stations from Radio One.
TheRadio.Com signs with Jones MediaAmerica
TheRadio.Com announced that it has reached an agreement whereby Jones MediaAmerica will serve as the exclusive national ad sales rep for The company's network of HD Radio stations. This agreement establishes a barter advertising structure so that HD network affiliate stations have the option of licensing TheRadio.Com's programming either on a cash or non-cash basis.
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International
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Across the pond: Anatomy of a merger
United Kingdom's Telegraph Media Group put out a report recently describing results of a radio merger that were disappointing, to say the least. The wedding of two strong companies, London leader Capital Radio and regional powerhouse GWR ended up with stock prices falling from 40 to 16 pounds. Ideally, says TMG, the nuptials would have combined each company's cultural assets, including "...Capital's glamour and GWR's good cost control." Instead, investors got Capital's arrogance and GWR's insularity. The merged company is said to have been hurt by letting key talent slip away (and losing the top slot in London), by becoming a target of the rest of the industry, and making a big bet on HD radio, "...a bet that may have proved a loser," TMG opined.
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RBR Radar 2008
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Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.
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Commissioners said to have
five thumbs up for CCU
Although Democratic FCC commissioners seem to have developed zero tolerance for even the slightest amount of additional media consolidation, Wall Street analysts are reporting that the long-pending deal to take radio giant Clear Channel private has unofficial backing from all five 8th Floor honchos. Of course, rather than create additional consolidation, this transaction would actually force spin-offs, and indeed, CCU has been selling off properties in any case.
RBR observation: Most of the activity swirling around this transaction diminishes broadcast consolidation. We can think of no possible reason why any regulatory body would stand in its way. Now, whether the buyers want to go through with the deal is another matter entirely.
01/11/08 RBR #7
Disgruntled investor
throws in the towel
Remember Arnhold and S. Bleichroeder Advisers LLC, one of the big shareholders pressing Emmis to do a buyout deal to cash out public shareholders? (10/26/07 RBR #210) Well, the investment group says it no longer owns over 5% of Emmis' stock and may sell more, due to its disappointment that nothing has happened to enhance shareholder value. Bleichroeder Advisers still owns 1,434,000 Emmis shares, but no longer has to file reports on how large (or small) its stake is. It is playing close to its vest on whether or not it will sell off the rest of the shares right away.
01/11/08 RBR #7
TV station revenues
expected to rise 11% this year
Typical of the odd-even cycle of years with and without federal elections, BIA Financial Network reports that 2007 television station revenues fell 2% to 22.2 billion. But with record political spending expected this year, the firm forecasts that 2008 TV station revenues will rise as much as 11%.
01/11/08 TVBR #7
Private equity funds
raised record bucks in 2007
How's that, you ask? Didn't the credit markets collapse at mid-year and derail the private equity industry? Welcome to the new era of vulture private equity. According to Dow Jones Private Equity Analyst, a unit of the company now owned by News Corporation that tracks the private equity business, US private equity firms raised a record 302 billion bucks in 2007, up 19% over 2006.
RBR observation: Anyone want to bet on how long it will be before we see one of those vulture funds making a bid for a battered broadcasting company? There are plenty of unhappy investors, particularly in radio, who would welcome an opportunity to cut their losses and run. Interep and Regent Communications have already had encounters with such funds, but both remain independent and publicly traded.
01/11/08 RBR #7
Emmis meets radio expectations - and that ain't good
"I think this is probably the bottom," Emmis Communications CEO Jeff Smulyan told analysts after calling this the worst point in the history of the radio industry.
RBR observation: Emmis is no longer typical of the entire radio industry, due to its heavy dependence on the big three markets, which have been suffering greatly. Nevertheless, don't expect to see other radio companies report rosy results when the quarterly report cycle begins in earnest in a few weeks, since Emmis is out of sync with calendar year reporting. As bad as fiscal Q3 was, at least Emmis didn't miss the admittedly low expectations of analysts, while some other radio companies are believed to be in danger of missing their Q4 targets. CFO Walsh also assured analysts that Emmis that the company is confident that it will remain in compliance with its loan covenants, even after those leverage covenants tighten at the end of fiscal Q1. But if conditions deteriorate further, he said the company is aware of ways to remedy any potential covenant violations.
01/10/08 RBR #6
Goldman Sachs
predicts 2008 recession
Wall Street powerhouse Goldman Sachs told clients that it expects the US economy to drop into recession this year. Its prediction is that unemployment will rise to 6.5% and that the fed will cut rates by an additional 1.75 percentage points to try to spur growth. Goldman Sachs Sr. Economist Ed McKelvey expects, though, that the recession, which may have already arrived, will be relative short. "The recession is likely to last two to three quarters and should be relatively mild by historical standards,..
01/10/08 RBR #6
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RBR Classifieds
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Hard finding that key person
to fill the important position at your organization? RBR Classifieds, Results with Service. Contact April McLynn at [email protected]
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