Radio and TV rights blocking Cubs closing
The Chicago Tribune reports details on why its parent company, Tribune Company, is having difficulties getting to the closing table on selling the Chicago...
Dealers get a day on the Hill
In some cases, car dealerships that have been in the family for generations are threatened with extinction as the trouble automaker works its way...
Poll finds lack of support for minority broadcast bailout
A study from Zogby/O’Leary Report suggests that even supporters of President Barack Obama do not support a government bailout of minority broadcasters
Cashing out at Cox Radio
Lawsuits are pending from disgruntled former shareholders who think $4.80 per share was not enough for Cox Enterprises to take Cox Radio private. Of course, Cox Radio employees were also cashed out
Analyst: Business is “stagnant”
Wachovia Capital Markets analyst Marci Ryvicker doesn’t see much impact on broadcast and outdoor revenues from the Chrysler and GM dealer closing, since most weren’t doing much advertising anyway
Chapter 11 for Yellow Pages giant
We wonder, did R.H. Donnelley look in the Yellow Pages under “attorney – bankruptcy” to find their lawyer? The company’s pre-packaged Chapter 11 filing in a Delaware federal bankruptcy court is designed to
General Motors files for bankruptcy protection
GM has filed for bankruptcy protection as part of an Obama administration plan to shrink the automaker to a sustainable size and give a...
Julie Roehm on the GM, Chrysler bankruptcies—Part I
Given the news that GM declared bankruptcy yesterday (and Chrysler recently as well), Fox Business News contributor and Meta CEO Julie Roehm
Cubs sale may be in trouble
In a Bloomberg Television interview, Tribune Company CEO Sam Zell revealed that the company still does not have a final contract to sell the...
Cox Radio is no longer a public company
The buyout at $4.80 per share has been completed by Cox Enterprises, which now owns 100% of Cox Radio. The stock closed forever Friday...
Spector gets 19 years to life
A judge on Friday sentenced Phil Spector to 19 years to life in prison for the 2003 murder of actress Lana Clarkson. Spector’s attorney...
Performers Royalties Bill Comments
Nashville’s and the U.S.’s music writers and performers may be really unhappy when they learn what the proposed Performers Royalty Bill really does if...
CBS lays in the cash
CBS Corporation has now completed a cool $1 billion in new bond sales, mostly to pay off older bonds that are coming due. The latest offering was for $250 million. The latest sale was an add-on to
Divorce at last for Time Warner and AOL
The corporate marriage made in hell is finally coming to an end. Directors of Time Warner have voted to spin off AOL as a separate, standalone public
Sirius XM shareholders give Mel the ok
The votes have been tallied from the annual shareholders meeting of Sirius XM. The owners of the company gave CEO Mel Karmazin everything he asked for to complete the company’s financial