Cumulus Media Partners completes debt swap
Cumulus Media Partners (CMP) has reduced its debt by completing a swap for most of its senior subordinated notes. Even so, Moody’s Investors Service maintains its negative outlook and says
S&P worries about CBS
The long-term credit ratings of CBS Corporation have been placed on “CreditWatch” by Standard & Poor's Ratings Services with an eye to a downgrade. That, after downgrading the company’s short-term
Another artist running on empty after #1 hit
Members of Congress – before you try to step in between radio and musicians, don’t you think you should at least take a look at the horrific history of trouble
A glimmer across the pond?
A British media watchdog notes that 45% of all companies plan on reduced their advertising budgets during Q1 2009, but counts that as a...
FCC opens window for expiring CPs
If a CP permit expires, that CP is null and void – regardless of an attempt to sell it to a new owner with the wherewithal to actually get it built
ESPN and Tecate announce boxing sponsorship
ESPN and Tecate beer announced a sponsorship agreement that aligns Tecate with ESPN's Spanish and English-language boxing content on TV, online and on radio;...
Making the case for performance royalties
Broadcasters feel they hold up their fair share of the bargain when it comes to their relationship with musicians. Yes, musicians/labels provide the
NAB Board election results
The ballots have been cast and counted. Here are the broadcasters who will be sitting on the NAB Radio Board of Directors and Television...
Renewed assault on alcopops
C.S. Mott Children's Hospital has done a poll which finds that a clear majority of US adults would like to see restrictions on the...
Sirius XM covenants loom
The FCC extracted some concessions from satellite radio operators Sirius and XM before they became Sirius XM, but now it seems the FCC is holding up reconciliation of those concessions
McDowell urges court to rule on cross-ownership
FCC Commissioner Robert McDowell has fired off a letter to the Third Circuit asking the court to rule on pending litigation concerning newspaper
Gates rep leaving Fisher board
The recent deal to avoid a proxy fight gave two seats on the board of directors at Fisher Communications to nominees approved by Mario...
Entravision also cuts pay
All employees at Entravision Communications have had their base pay reduced on a sliding scale. The cuts apply to all employees, including top management.According...
Pay cuts at Journal
Journal Communications told employees Thursday that wages are being reduced by 6% for most of them. The reductions, which apply across the newspaper division...
Economy still rules the roost
Five news stories earned between a 4%-6% share of the news hole during the week of 3/23/09-3/29/09, according to Project for Excellence in Journalism.So...