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AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: Bill Harmond who wrote (79411)10/3/1999 1:19:00 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
I agree that Univision is a very interesting, and maybe unique, situation, William.

I also think that some of these radio stocks that are buying up other networks represent one of the last bastions of irrational exhuberance. Many of these radio networks aren't making any net profits, but the market loves the cash flow and the consolidation story. And it will probabaly keep going, with the relatively new ad revenue from internet companies being the icing on the cake.
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