Morris gets forbearance on top of forbearance
Morris Publishing Group says its bond holders have agreed once again to extend the deadline for a $9.7 million interest payment that had been due in February. The latest extension
CC Outdoor strikes global alliance with H&M
Clear Channel Outdoor has formed a global strategic alliance with H&M designed to ensure maximum impact and effectiveness for H&M’s outdoor media spend. The...
Sinclair management wants complete financial resolution
In a Tuesday conference call with analysts and investors, the management of Sinclair Broadcast Group described all of the financial issues facing the company....
Exploring the world of bankruptcy
While a few broadcasters are themselves dealing with bankruptcy, pretty much all broadcasters are dealing with a growing number of advertiser and agency bankruptcies. That reality has prompted the Media Financial
TV stations need to improve their local news product
As I travel from market to market helping TV stations increase their local sales and website revenue, I have the opportunity to watch local TV news. I must say I am terribly disappointed
Can radio come back – Again?
Radio has a great comeback history. We proved gurus who once predicted the growth of TV would kill radio were wrong. Today’s gurus are making the same kind of predictions about radio
Sinclair gives Wall Street the jitters
Sinclair Broadcast Group saw its stock drop 20.7% on Monday after the company said in an SEC filing that it has not been able to come to terms with holders of its convertible bonds. The company also
“For Sale” sign hung on BusinessWeek
The McGraw-Hill Companies confirmed Monday that it is “exploring strategic options” for BusinessWeek magazine – which means that it is for sale. BusinessWeek is...
Minority broadcasters appeal to Geithner
Warning that “minority-owned broadcasters are close to becoming an extinct species,” a group of prominent Hispanic and Black broadcasters have appealed to US Treasury Secretary Timothy
Magna forecaster sees very slow growth for ad spend
The first half of 2009 is likely to be the worst period of this recession, but the inaugural forecast by Magna Director of Global Forecasting Brian Wieser sees only
CIT struggles to survive
CIT Group, whose commercial loan portfolio includes a number of radio and television broadcasters, says it is in negotiations with regulators on measures to improve its near-term liquidity
Economic recovery: V, U or new?
Former Secretary or Labor Robert Reich says that there are two schools of thought on how the recovery will work. One expects it to...
GM exits bankruptcy
The Detroit News reports GM’s good assets exited bankruptcy at 6:30 a.m. Friday morning. The new company, which emerged after a 41-day stay in...
Looks like the end is near for FM as we know it
Regarding “iBiquity Digital urges FCC to immediately allow FM power increase”, I note RBR has stepped up about 3 notches in information and reporting during the recent world economic
Wieser set to issue first forecast
As successor to Bob Coen, Magna Director of Global Forecasting Brian Wieser is set to issue his first advertising forecast today. Wieser said