Young downgraded after skipping interest payment
Following last week’s decision by Young Broadcasting to skip its bond interest payment due January 15th, Moody’s Investors Service has lowered the company’s ratings...
Nasdaq to drop Equity Media’s stock
With Equity Media Holdings operating in chapter 11 bankruptcy, the Nasdaq Stock Market has notified the company that its common stock and warrants are...
Tribune tries to stay intact, Cubs sale imminent
The flagship Chicago Tribune says Tribune Company CEO Sam Zell is determined to keep the company’s main assets together, as well as to
Watchdog complains about NCAA beer ads
The Center for Science in the Public Interest thinks the NCAA overdoes it when it comes to allowing beer advertising during its games. It...
Favorable TV leaves for auto dealers?
The operators of cars.com say it’s early, but there just may be some indications in their crystal ball showing a return to market by...
Gannett may close Tucson daily
Yet another two newspaper town is about to become a one newspaper town. Gannett has put the Tucson Citizen on the auction block. If...
Young skips bond payment
Young Broadcasting was scheduled to pay $6.125 million in interest to bondholders January 15th, but didn’t. The company said it is in talks with...
Minnesota’s largest newspaper files Chapter 11
The Minneapolis Star Tribune went through a private equity buyout two years ago and now that heavy debt load has sent the newspaper into Chapter 11
On Indie 103.1 going online only
"Make the most of your website, because you are going to need it." Good line in Friday's RBR to cover up the state of radio's union with it's miniscule audience speaking within our own
CEOMG
It seems you can’t toss a brick these days without hitting a negative economic poll of one kind or another. The Conference Board came...
Rocky bids due today
The future existence of the Rocky Mountain News is in the balance, with bids due tomorrow for anyone interested in buying the Denver newspaper...
Local secret sauce plus
Responding to an RBR observation. Fred Jacobs says that local is important, but it will take more than just that to keep radio going ahead into the new millennium
2008 magazine advertising reflects economy
Total magazine rate-card-reported ad revenue for FY 2008 closed at $23,652,018,533, posting a 7.8% decline against the previous year, according to Publishers Information Bureau...
Charter misses interest payments
Payments of $73.7 million were due yesterday on bonds issued by two subsidiaries of cable MSO Charter Communications, but the payments were not made. Charter, controlled by Paul Allen
Martin bows out
Chairman Kevin Martin brought actual news to the unusually less-than-newsworthy FCC January Open Meeting, announcing that Barack Obama’s first day on the job will be his last. Martin had been hinting