Jury rules against City of Atlanta and Clear Channel Outdoor
A federal jury in Atlanta has awarded $17.5 million in damages to Bill Corey and Corey Airport Services, who had claimed bid-rigging in the...
NABJ snares Shirley Sherrod as convention speaker
Newsmaker Shirley Sherrod is set to appear before thousands of journalists on Thursday, July 29 at the National Association of Black Journalists (NABJ) Annual...
Radio One to restate financials
The Audit Committee of the Board of Directors and the management of Radio One have concluded that the company needs to restate its financial filings for the past three years and the first quarter of this year. However,
Consumer confidence remains in a tailspin
The Conference Board has found that consumers aren’t much impressed with the current state of the economy, and their hopes for the future are...
Entercom CEO David Field: TV pricing improving faster than radio
Entercom CEO David Field is a radio guy, so he might be a little envious of his television brethren right now. Asked in his...
Cumulus Media changes bankers
According to an SEC filing by Cumulus Media, the company has amended its existing credit agreement. Bank of America has resigned as administrative agent...
Watchdog remains on the indecency beat
L. Gordon Crovitz took to the pages of the Wall Street Journal to opine that the recent court ruling striking down FCC fleeting indecency policy was actually a good thing, leading to the empowerment
Tribune buyout
The report of US Bankruptcy Court appointed examiner Kenneth Klee is in and it seems to contain something about the Tribune Company bankruptcy
MMTC renews call for relaxed foreign broadcast investment rules
Arguing that access to capital remains one of the biggest stumbling blocks keeping socially-disadvantaged businesses out of broadcast ownership, the Minority and Media Telecommunications
Sirius XM back above a buck
It looks like Sirius XM is back in compliance with Nasdaq’s minimum bid price rule. The satellite radio company’s stock price closed Monday, July...
MFM elects new officers and directors
The Media Financial Management Association (MFM) has announced the election of its new officers and Board of Directors for the 2010-2011 term. The new...
UK broadcaster sold to porn entrepreneur
Richard Desmond made his fortune with skin mags and adult pay-TV channels. But lately he’s turned legit, buying the Express Newspapers, OK! magazine and...
Democrats confirm defensive strategy in US House races
The Democratic Congressional Campaign Committee has reserved $28M in advertising time for the weeks leading up to Election Day in the 2010 midterms –...
General Electric raises its dividend
Wall Street cheered Friday as the board of directors at General Electric announced a 20% increase in the company’s quarterly dividend to 12 cents...
Tower duo sold in Santa Barbara
Publicly traded SBA Communications is the new owner of The Santa Barbara Tower Complex. The two towers completed in 2001 are 150 feet tall...