Revenues and earnings drop for Tribune
Tribune Company reported that it posted a net loss from continuing operations of $124 million in Q3, compared to profits of $84 million a year ago. Television revenues declined 8.3%, while
Redstone lawsuit revived
The Massachusetts Supreme Judicial Court has overruled a lower state court and revived a lawsuit by Michael Redstone, who claims that his father, Edward,...
No more games for this Redstone
Shari Redstone has resigned as Chairman and a director of Midway Games Inc., the electronic games maker controlled by her father, Sumner Redstone. She...
Wal-Mart preparing to cash in
As consumers look to stretch their dollars, middle end commercial outlets are being squeezed as they head to discount outlets. One of these expecting...
What a loser can teach a winner
As a Strategist, I am guilty of seeing most things through a Brand-Marketing filter. As such, the McCampaign was painful to watch.
Circuit City goes Chapter 11
And a major retailer takes a hit from the recession/depression: Circuit City Stores has filed a voluntary petition for reorganization relief under Chapter 11...
The unfairness of a doctrine
A reader points out why nobody should want the Fairness Doctrine to come back to life. If we really need a Fairness Doctrine, shouldn't we have one that's really fair? Was ABC-TV's Boston
What will radio look like…..AFTER THE CUTS?
Never before has there been so much opportunity for radio than there is today. We have so much going for us, but in order for radio to succeed in the
Salem joins industry in red ink category
The unusual business model of religious specialist Salem Communications was not enough to entirely mitigate the effects of the current economy, leading to a...
Fitch sees severe global recession in 2009
The credit ratings agency expects the world’s major economies to experience next year the steepest decline in GDP since World War II. In aggregate,...
Gray put on notice
The New York Stock Exchange has taken notice of the fact that shares of Gray Television have been below $1 for over 30 trading...
Disney managed to boost revenues
In the face of a tough economy, the Walt Disney Company still managed to increase revenues 6% to $9.45 billion in its fiscal Q4...
DG FastChannel Q3 revenues up 65%
DG FastChannel, provider of digital media services to the advertising, entertainment and broadcast industries, reported record financial Q3 results with revenue of $41.4 million...
Regent claims decent 3Q
In the face of the well-known headwinds shivering the radio business in particular and the economy in general, executives at Regent Communications believe that...
First black president; now how about some journalists?
The National Association of Black Journalists notes that the citizens of the United States “were able to put race on the backburner long enough...