Prologue Rarely had anyone seen Mel Karmazin so angry. Before him on his nearly bare desk, open to a page of dry statistical columns, lay the latest Arbitron ratings. They showed that WKTU, a station ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for ...