China's NDRC against bid for Hummer
Reuters reports China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors, state...
RTNDA/Unity awards announced
Four broadcast news organizations, two radio and two TV, have been named winners of the 10th Annual RTNDA/Unity Awards for their ongoing commitement to...
Boston Globe and union settle
Renewed negotiations have produced a new deal with the Boston Globe’s largest union, whose members had rejected a previous package of cuts. This time...
Travel down for this year’s Fourth
The American Automobile Association predicts that families will be staying closer to or at home on and around the Fourth of July this year....
WPP downgrades 2009 ad forecast
WPP’s GroupM originally thought that the global advertising market for measured media would be down 4.4% for 2009, but its latest estimate is a bitter pill, with losses now expected to reach 5.5%
ABC Regional Sports & Ent. Sales repping new Times Square sign
ABC Regional Sports and Entertainment Sales, a division of ABC National Television Sales, has been appointed the exclusive ad sales rep for The City...
Reality Check on the Performance Tax Issue
Like the rest of the radio industry, I cheered the recent news that the movement in Congress to impose a performance fee on music airplay is almost dead. A majority of the House and a growing
Univision says ad revenue is stabilizing
In a preview of Q2 results filed with the SEC, Univision says net revenues are expected to be down low single digits, but that operating income will be flat or up a bit. The filing also notes “the recent stabilization
Iranian election strife eclipses economy
The economic crisis barely reclaimed the top spot in the news two weeks ago, but the unfolding drama in Iran blew it off the...
A Great Solution to beat the Performance Tax
I've been reading all the hoopla about the Performance Tax. As an owner, I'm doing all I can to motivate our US Representatives and US Senators to vote against any form of a Performance
Westwood selling some stock
As predicted last week by RBR/TVBR, Westwood One has filed to sell $50 million of stock. Some of the shares will be newly minted,...
Broadcasters and bankers are in this together
Like it or not, broadcasters who are trying to deal with the worst ad recession ever seen are joined at the hip to their lenders, who are also in a world of hurt
Sirius XM sets $350 million bond sale
With the corporate bond market showing signs of improvement, the XM subsidiary of Sirius XM is stepping up to claim some cash. It is...
CBS CFO Reynolds sets retirement
After 15 years at the company, dating back to Westinghouse, Fred Reynolds has announced plans to retire as Executive Vice President and CFO of...
Obama meets with press today
President Barack Obama continues his habit of maintain high visibility with another media event – a formal news conference where he will answer reporters’...