FCC Diversity Advisory Committee
The FCC Diversity Advisory Committee should begin its work by first determining how many radio station licenses have been issued to women and minorities and what happened to those stations
Citadel hires Lazard for clean-up duty
Having already said it faces a financial restructuring which may wipe-out current stockholders, Citadel Broadcasting has now hired Lazard Freres & Co. LLC as...
Hearst Corp. completes tender for Hearst-Argyle
All but about 4% of the shares of Hearst-Argyle Television are now owned by Hearst Corporation, which will shortly take it private. The offer...
To find Answers, the FCC should rethink the Question
The recently initiated FCC Diversity Advisory Committee is charged with finding solutions to the perceived lack of women and minorities in broadcast ownership. I believe...
Worst quarter ever for newspapers
Figures posted quietly by the Newspaper Association of America (NAA) show that print and online revenues combined fell 28.3% in Q1 for US newspapers....
Clear Channel Outdoor looking to refi
Not that there are any difficulties in relations with its current lender, Clear Channel Communications. However, Clear Channel Outdoor says it is looking at alternatives as the due date for its $2.5B
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...
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
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...
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...