ETM is a large old media company attempting to adapt to a post plandemic world, in part by placing greater focus on podcasting.
ETM is now the second largest producer of podcasts.
Before Covid, 2020 was tracking with expectations of a typically prosperous election year.
Since 3/20, sales have dropped 20 - 25 %.
Reasons for optimism for partial recovery:
1) Sales have improved marginally from April lows 2) Sales drop forced cost cutting that will likely carry forward 3) Podcasting revenues grew 44% in Q2 4) Political advertising is very likely to pick up until the election.
Stock price has dropped 60% since 2/20 and did not recover significantly during the liquidity-fueled market rally. Some recovery seems likely before the election.
OTOH: 1) The risk of a goodwill write-down is present. 2) Plandemic revolver drawdown syndrome. Banks win by old line enterprise losing
Market Data 
Markets 
AI
