Jim Cramer's Mad Money on CNBC regarding radio stocks: "This is an industry that is falling apart. If these companies had spent their money trying to adapt rather than trying to stop the (XM and Sirius) merger they'd be in a lot better shape. I believe radio companies are among the biggest 'sells' of all."

http://www.cnbc.com/id/23558686/?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par =yahoo

Here's another reason
http://chart.finance.yahoo.com/c/my/e/etm

On a lighter not someone put up a "fanimation" on KFXX's page talking about how Entercom's stock went from $66 in 2000 to it's current $10 level. Pathetic.

And here's why Jim Cramer's stock advice should not be touched: http://www.google.com/search?q=jim+cramer+is+an+idiot

Cramer is right on this...Media stocks and especially radio stocks have been horrible the last five years. The potential earnings on companies like Entercom, Cumulus, Jones, Clear Channel are downright horrible. I don't usually take Jim's advice when I purchase stock, but his show is entertaining. I wouldn't buy radio stock and I work in radio. Its not a good investment by any means. If you want to buy radio, go ahead, just don't blame me when your return on investment is in the red.

IF the stocks weren't already so far into the dumpster, I'd think about shorting them.

Just ask any of us alums of KEX who got burned in the Great American stock dump and bankruptcy reorganization about buying radio stocks. Several people who were set to retire about that time worked significantly longer because they had a good chunk of their 401(k) in Great American stock. Besides the fact that radio stocks generally suck, Cramer and others have said its just a bad idea to own stock in the company you work at (unless you get ridiculous stock options that will make you a millionaire!)

Long term investors have always recognized the dangers of having a significant portion of your portfolio in ANY one stock - Enron, Great American or Starbucks. And if you're fortunate enough to be in the "stock option" pool, virtually every financial expert worth her/his salt will tell you to sell down the options and grants regularly to make sure the company you work for isn't also the primary source of your portfolio.

These days, there isn't a media stock I'd touch (other than a long term bit of Disney).

And I agree 100% about Cramer... totally entertaining, but not a great stock picker.

Another tidbit about Cramer...went to law school with Eliot Spitzer's wife and is very good friends with the couple. He was nearly in tears this morning talking about it on the Today show.

buy low sell high!!!! is a primary rule to follow!!

Radio/Media stocks in general have had terrible P&E's for a number of years now and we always laughed when the "free options" came our way. The values NEVER were appealing and usually expired as worthless. No matter the company you work for, do not keep more than 2 or 3% of that stock in your portfolio... The old saying still holds true...diversify or die.