Out of favor. We believe that investors have not differentiated between the winners and the losers in the Radio space, throwing all of the stocks out. The Radio stocks are down on average 51% in the latest quarter and 63% for the trailing 12 months. While the TSQ shares have performed better than the industry averages, down 34% and down 37%, respectively, it is a small consolation for a company with a burgeoning digital business. Differentiated company. Radio represents a smaller portion of its total company revenues, roughly 49%. In addition, the company's radio stations are located in smaller markets, which do not suffer from the vagaries of the economic cycle like large market radio. Read More >>