Radio is alive and well, Cramer said during Wednesday’s Mad Money. Ad spending for this fall’s midterm election will bring an influx of cash, and the industry overall has seen some vast improvements of late.
Sure, that wasn’t the case before. And Cramer in March 2008 pronounced radio dead. But a key Supreme Court case and important changes in the fundamentals have changed all that. So much so that he thinks a certain radio stock should be bought.
So who is it? Here’s a hint: It’s the one pure-play, publicly traded radio company large enough to warrant Mad Money’s attention. Watch the video for Cramer’s full report.
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