Stock for bonds swap by Sirius XM
Sirius XM reported in an SEC filing that it issued 67,038,070 shares of common stock in exchange for $30,500,000 principal amount of 2.5% Convertible...
Regent latest to be downgraded
The parade of radio company downgrades by Moody’s Investors Service continues. You can add Regent Communications to the list of companies who have seen...
Tribune grabs cash while it can
Tribune Company has notified its bank group that it is drawing a third of its $750 million senior secured revolving credit facility. Tribune doesn’t appear to actually need the cash for anything immediate
Censor me – please
It sounds like a new horizon in the application of the First Amendment, but the decision of WFMZ-TV in Allentown PA to censor a...
Analyst still on duty
Following last week’s pink slipping of yet another broadcast analyst as Citi cut staff, Lee Westerfield touched base with RBR/TVBR to state that he...
Redstone’s company talking to debt holders
National Amusements Inc. (NAI), via which the Redstone family controls both CBS Corporation and Viacom, confirms that it is in talks with its lenders...
Plastic flashing in battle for Congress
The National Republican Congressional Committee has already dipped into the future for a reported $8M to defend turf as it locks horns with its...
Moody’s slates five TV companies for possible downgrades
Warning that the television broadcasting sector may face substantial revenue and cash flow drops, Moody’s Investors Service has put five TV group
Entercom downgraded
Moody’s Investor Service has downgraded the debt ratings of Entercom Communications, saying the ratings agency expects radio broadcasting revenue to come under increasing pressure
WorldSpace files Chapter 11
No surprise here. The US-based international satellite radio company had been negotiating for months with holders of bridge notes that it was unable to repay. On Friday WorldSpace announced that
National committees improvising final strategies
The political category giveth and the political category taketh away, all depending on the shifting sands of the polls, the sheer number of battlegrounds...
Campaign back on top
The latest coverage charts from the Project for Excellence in Journalism, for the week of 10/6/08-10/12/08, put the 2008 presidential campaign back on top...
SBS to honor late founder
Spanish Broadcasting System announced that WRMA-FM “Romance 106.7 FM” Miami and Mega TV will celebrate SBS’ 25th anniversary and pay tribute to SBS’ founder...
TV Guide price revealed
We now know how much a private equity firm paid to take TV Guide Magazine off the hands of Macrovision. Here’s a hint: You can’t buy a single item at Starbucks for the same amount. In announcing the acquisition OpenGate Capital called TV Guide an
Analyst slashes Entravision estimates
Goldman Sachs analyst Mark Wienkes is out with a report severely cutting his estimates for radio companies, also including TV-radio Spanish specialist Entravision. His...