Cuban beats SEC insider trading rap
A federal judge has thrown out the SEC’s insider trading case against Mark Cuban, saying the SEC failed to prove that Cuban had any duty not to make stock
Sirius XM short a director
Sirius XM says it has received an official notice from Nasdaq that it is not in compliance with the rule that requires a majority...
Cox finds buyers for two newspapers
Cox Enterprises announced deals to sell two of the newspapers it put up for sale nearly a year ago. Prices weren’t announced, but the latest papers to find buyers are the Waco (TX) Tribune-Herald
Shedding Skin: Television's Darkest Hour
Parts of being human are the common bonds that bring us together. People coming together to share a bus ride to work, or the joy a family unit feels sitting
CIT Group on the ropes
Commercial lender CIT Group, which had long been a lender to radio and television, has failed in efforts to get financial assistance from the...
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