8/3/2011

Sirius XM chief Mel Karmazin said broadcast radio is "wounded" when speaking to investors recently -- drawing an immediate rebuttal from industry executives, who cited a range of factors that indicate the medium's vitality. Cumulus' Lew Dickey, Hubbard Radio's Ginny Morris, RAB's Jeff Haley and Katz Radio's Mary Beth Garber noted steady audiences, increasing revenues and wide market penetration among radio's enduring strengths.

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