Citadel is not worthless
Regarding Morningstar columnist Matthew Coffina’s pronouncement that Citadel Broadcasting’s stock is worthless, my inclination is to say B.S., and I don’t mean Barbra Streisand! Maybe the stock isn’t cranking out dividends, but
Deal made to sell Maine newspapers
A local investment group has stepped up to the plate to buy Maine’s largest newspaper and associated publications from the Blethen family, which also owns the Seattle Times. No price was announced
Houston City Council votes to ban 'attention-getting' ads
The Houston City Council voted Wednesday to ban the use of "attention-getting devices" — such as the giant, inflatable animals that sit atop businesses...
Is Citadel overpriced at anything?
Morningstar columnist Matthew Coffina is out with a new list of five stocks that appear to be absolutely worthless – and one of the...
CBS pays a dividend
Normally this is not news, but since there has been concern on Wall Street that CBS Corporation may not be able to continue its...
Ion says Q3 was a downer
As a private company these days, Ion Media Networks doesn’t have to make any SEC filings or disclose its quarterly results. But the company...
GE Capital gets good news
And that’s good news for broadcasters as well. GE Capital, which is a significant media lender, has been designated as eligible for the FDIC’s debt guarantee plan announced in late October
Best Buy outlook gloomier
It’s tough to try selling a $3K high-end television when others are struggling to sell a $30 pair of jeans, says consumer electronics retailer...
Auto bailout back on the table
House Speaker Nancy Pelosi (D-CA) is planning to use a lame duck session to look at funneling more cash to beleaguered US auto manufacturers....
Feds tell lenders to lend
After putting in place a number of government measures to stabilize the financial markets, a joint statement from the agencies involved has called on lenders to get back to business and make loans
Newspapers facing shut-down
Two Connecticut cities could be without a daily newspaper two months from now. Unless a buyer is found by January 12th, Journal Register Company says it will be forced to shut down The Herald in
Election fever afflicts the media
For once, the 2008 campaign category did not completely dominate the media newshole, according to the Project for Excellence in Journalism report for 11/3/08-11/9/08....
Asset swap for Nielsen and WPP Group
The Nielsen Company is acquiring 100% ownership of AGBNielsen Media Research, the international TV ratings company, in a swap deal for the half now owned by WPP Group. In return, WPP will get
RTNDA asks for open administration
There will always be give and take between journalists who want to bring facts to light and government officials who want to keep some facts secret
Sirius XM revenues up 16%
“We think the environment sucks,” said Sirius XM CEO Mel Karmazin, when asked in his quarterly conference call about the environment for selling more...