Journal slashes its dividend
After the market closed on Tuesday, Journal Communications announced that its board of directors had declared a quarterly dividend of two cents per share...
Everybody majors in econ
The financial crisis has been dominating the debate in Washington, and it dominated all five media journalism categories measured by the Project for Excellence...
Muzak turning the pages of Chapter 11
Background music service Muzak is 22 days into negotiations with various creditors to restructure its debt, and is expecting progress to continue toward a...
Mixed showing for DirecTV
Subscriber additions were more than Wall Street expected – but so were costs as DirecTV reported its Q4 results. Revenues for the quarter were...
Television is top source for economic news
Almost half of surveyed adults go to TV for econ news, according to The Donald W. Reynolds National Center for Business Journalism, in collaboration with the Behavior Research Center
Is 2009 the year to launch a new football league?
Believe it or not, the United Football League says it is going to start its first season this fall. Negotiations are still underway on...
Throwing a wildcard into the economy?
A small businessman from Seattle has an intriguing way to get a quick cash transfusion into the major arteries of the economy, directly into...
Young skips another payment
Last month Young Broadcasting decided to pass on a $6.125 million interest payment on one bond issue. Now it’s done the same with a $4.513 million payment due on its Senior Secured Credit Facility
Fairness? Let them go first
If the Congress is serious about resurrecting some form of The Fairness Doctrine, I say “fine.” As long as it doesn’t start and stop with Radio. Here are a few ideas on where Congress might begin
Cross-ownership: A movable deadline
It’s been over a year since the FCC moved to allow local newspaper/broadcast combinations in America’s largest markets, but the proceeding is still hung up in court
“The Boss” attacks rumored merger
It was not hard to foresee controversy for the merger of Live Nation and Ticketmaster – which, by the way, hasn’t even officially been announced yet. Bruce Springsteen is stepping up to denounce
Moody’s may downgrade Clear Channel debt
Moody’s Investors Service has placed $23 billion of debt at Clear Channel Communications under review for a possible downgrade. The rating agency says
McBride booked for Golden Mike
You may not associate Country Music with Greater Media, but its one Country station is a big one – WKLB-FM Boston. The Broadcasters Foundation...
GE chief Immelt on Obama economic team
President Barack Obama wants the newly named blue ribbon Economic Recovery Advisory Board to help get the nation out of recession. Former Fed Chief...
Fairness conflict of interest?
Sen. Debbie Stabenow (D-MI) had more reason than most to worry about the presence of liberal talkers on the radio – a quick scan...