Penny Stock hell envelopes CBS
The stock price of CBS Corporation fell dramatically again Tuesday. The stock has been in freefall since dropping below $5 last week – the...
Belo announces dividend; Its last for a while
Belo Corporation announced that its board of directors has declared a dividend of 7.5 cents per share to be paid on June 5th to...
Gannett’s credit rating cut to junk
Standard & Poor’s cut its corporate credit rating for Gannett Company by two notches, putting it into “junk” territory. Gannett slashed its dividend last...
It’s official: Genachowski to FCC
Barack Obama: "I can think of no one better than Julius Genachowski to serve as chairman of the Federal Communications Commission. He will bring...
More on Fairness
The Senate Bill S-160 (The House Voting Rights Act) which is designed to add Congressional seats to the District of Columbia as well as other States, is bound to wind up with arms and legs
Dish Network still managed a revenue gain in Q4
Admittedly, 1% isn’t much of a gain, but against the headwinds of the Q4 economy it is impressive that satellite TV provider Dish Network...
American reporter arrested in Iran
National Public Radio reports that freelance journalist Roxana Saberi was detained by authorities in Iran on January 31st and that her family in North...
Permission-based email campaigns get results
A study from Epsilon Strategic Services confirms that the use of email by retailers can generate favorable relationships and strengthen the bond between the...
Consumers spent more in January
Unfortunately, however, that trend is not expected to have legs as most citizens are putting cash away for what looks like a prolonged series...
Sirius XM delays annual SEC filing
Satellite radio company Sirius XM said it is notifying the SEC of a delay in filing its annual 10-K report, but that the filing...
And still more on Bud/InBev
The best way to combat InBev’s new moblike tactic of paying in 120 days is to allow stations to change our policy and start charging interest on late payments
Belo amends bank credit facility
Belo has gotten itself some leverage breathing room by redoing its loan deal with its bank group. "Belo was in compliance with the terms...
Redstone not out of the woods yet
National Amusements Inc. (NAI), the company through which Sumner Redstone controls both CBS Corporation and Viacom, has struck a deal with lenders to restructure...
Broadcaster weighs in on performance tax
I agree with the RBR observation, that even if the performance tax is enacted to collect from broadcasters, most of the money collected will stick to the hands of the corporate thieves
Another great day – NOT
The dearth of good financial news made for another long day on Wall Street. There were ups and downs among broadcast issues – for...