Dickey just keeps on buying
Wall Street may not place much value on Cumulus Media, but Lew Dickey Sr. must think it’s a bargain. He just keeps on buying...
Univision held up in Q3
Net revenues declined 2.4%, but that was against comps that included major soccer tournaments. If you take out both soccer and political, Univision says...
Immelt a buyer, not a seller
Lots of so-called Wall Street experts have said that General Electric ought to sell NBC Universal. Well, GE CEO Jeff Immelt is looking the...
Mark Cuban charged with insider trading
The SEC filed an insider trading charge against Mark Cuban, who became a billionaire selling Broadcast.com to Yahoo! and is now best known as...
Liberman outperformed in Q3
Radio revenues grew in a down market for Liberman Broadcasting in Q3 – and Executive VP Lenard Liberman was upbeat about TV as well...
Conference co-location
Media Financial Management (MFM) and the Interactive & Newsmedia Financial Executives (INFE) announced that they will co-locate their annual conferences in 2009, both convening...
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....