Fred Moran Quotations

We're seeing an influx of competition on national level with various players partnering together, ... Now we have a number of fully national partnerships competing head to head.

Nextel is focused on the emerging market where wireless penetration is minute and growth potential is still ahead.

I think the XP issue is a rather small event in the big-picture rivalry between AOL and Microsoft,

Outdoor represents the only area of established media that is still seeing strong growth.

The AOL division actually came in worse than expected.

This officially recognizes what the market has already stated: Traditional broadcasting assets are worth less than they were a few years ago.

The write-downs are more of a reflection of what's happened in the past rather than an indicator of the future. The value of television and radio stations have clearly declined in the last three to four years as those media compete with other forms of advertising, namely the Internet.

The wireless telecom sector is facing a difficult transition right now, ... The competitive advantages of a year ago have become less meaningful.

Radio is the real wild card. It remains to be seen how CBS performs without Howard Stern.

AOL Time Warner will be valued like a traditional media company with superior growth prospects,

The cut can't hurt, but it's marginal as far as its impact.