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CBS ‘Jack’ Stations Slipping, Analyst Finds

CBS 'Jack' Stations Slipping, Analyst Finds

The Jack format is “losing steam in the largest markets,” says Wachovia Securities analyst Marci Ryvicker in her review of spring Arbitron ratings.
“CBS’ Jack-formatted stations lost share in all three markets, suggesting that listener curiosity has worn off. We would not be surprised to hear of several Jack-related format flips before the end of this year.”
Among her other findings, “Clear Channel gained share on a year-over-year basis in both New York and Los Angeles among adults 25-54 and 18-34, suggesting that ‘Less Is More’ has not lost momentum.” She expects Clear Channel stock to outperform the industry averages this year.