Cumulus MP tender at 93.5%
Cumulus Media Partners reports that 93.5% of its outstanding 9-7/8% senior subordinated notes due 2014 were tendered for the company’s proposed exchange by the...
DG FastChannel reworks loans
The digital media services provider says it has taken advantage of the current low interest rate environment to make a favorable amendment to its...
Will newspaper get noncom escape hatch?
Sen. Ben Cardin (D-MD) has a possible bailout plan that may work for troubled newspapers. He is proposing to allow newspapers to operate as...
KFC take advertising to the streets with pothole repair
KFC is launching a pilot infrastructure renewal program, becoming the first-ever corporate sponsor of "fresh"ly "filled up" potholes in up to five major cities...
Hearst Corp. offers $4 per share for Hearst-Argyle
Hearst Corporation announced a tender offer for all of the shares of Hearst-Argyle Television that it doesn't already own. That's a premium of 91% over...
It's the economy, stupid
The guiding principle of the 1992 Bill Clinton campaign has been adopted whole-hog by the news media in 2009, and the week of 3/16/09-3/22/09...
Michigan daily to shut down
The Ann Arbor News announced that it will cease publishing as a daily newspaper in July. Once the Newhouse family’s Advance Newspapers closes down...
Democrats looking to revamp primaries
The 2008 election season was notable for many things – most particularly a showdown between a black and a woman at a time when...
SBS: Q4 down 19% for radio, up 95% for TV
All in all, that worked out to a 12% revenue decline for Spanish Broadcasting System. CEO Raul Alarcon won’t have to deal with disgruntled investors in his quarterly conference
Moody’s cuts GE’s credit rating
General Electric already saw its cherished Triple-A rating taken away by Standard & Poors. Now Moody’s Investors Service has announced a two-notch reduction, taking...
Entercom wants to let employees swap options
A proposal added to the agenda for Entercom’s annual shareholder meeting on May 12th would allow employees and directors to exchange their outstanding stock...
Changing gurus at MAGNA
Brian Wieser has been named Global Director of Forecasting at MAGNA, succeeding Bob Coen, who is cutting back his responsibilities after seven decades that made him the most closely watched ad
Hillary doc in the docket at SCOTUS
The Supremes will hear arguments in Citizens United v. Federal Election Commission. The plaintiffs are upset that they were not allowed to offer pay-per-view broadcasts of their documentary
Rep open to newspaper bailout
But Jim McDermott (D-WA), who just watched one of his own, the Seattle Post-Intelligencer, circle the drain, doesn’t think there’s much will on Capitol Hill to bailout newspapers. McDermott
WTC antenna to be part of 9/11 exhibit
The NY Post reports the TV and radio antenna that once topped the north tower of the World Trade Center will play a key...