Tea leaves don't look good for Zoomer/Znaimer1. The following news might devalue the Zoomer/Znaimer asset of "AM740" down to, let's say, nothing. Several prominent carmakers have decided for some of their models to drop AM radio from the dashboard. Most of the car models are electric vehicles (EVs). Automobile companies have noted electromagnetic interference with AM radio’s reception created by electric motors.
New EVs manufactured by BMW, Porsche, Audi, Volvo, Ford F-150 Lightning truck, Volkswagen SUV and Tesla Model S have dropped AM radio. Ford announced in March plans to phase out AM radio in most of its new and updated car models, even those with internal combustion engines.
2. But when you're looking at media assets as a class, consider today's news about "Vice." This was a $5 billion company just a few years ago, and now it's selling for $250 million. OK, Znaimer/Zoomer is in many ways the polar-opposite of Vice, but this underlines that media stocks are all being abandoned by investors. As the worst and smallest stock in its class, Zoomer/Znaimer will be spared a Vice-level obliteration only because there was never much to Znaimer/Zoomer in the first place.