Hearst-Argyle challenged in largest markets
Hearst-Argyle CEO David Barrett says the tough economy is “recessionary-like for ad-driven businesses.” His company reported Q2 revenues down 5.6% to $182.1 million, with...
Equipment maker merger a done deal
Comtech Telecommunications Corp. announced successful completion of its tender offer for all shares of fellow electronics equipment maker Radyne Corporation for $11.50 per share....
Networks take aim at basic pillars of indecency law
The big four networks are seeking a lot more than just reinstatement of the FCC’s long-standing exception to its indecency rules for “fleeting” utterances....
Washington Post Co. into the red
The company Friday posted a net loss of $2.7 million in Q2, compared to net income of $68.8 million a year ago, largely due to a charge for an early retirement program to cut head count
Does XM/Sirius justify DirecTV/Dish?
One of the reasons some were surprised the XM/Sirius merger went through is the fact that what you’d think would be almost the same...
Presidential campaign spend outpacing 2004
A new study from the University of Wisconsin Advertising Project has revealed that the campaigns of Barack Obama (D-IL) and John McCain (R-AZ) are taking to the air at an
Fisher paying special dividend
Fisher Communications announced that it will make a special payout to shareholders of $3.50 per share. Strangely, the stock price for Fisher Communications first...
Moody’s downgrades Clear Channel’s debt
That shouldn’t surprise anyone, since the company is now carrying a much larger debt load after the private equity buyout. This finally lets Moody’s
CBS by the numbers
Despite the tough economy, CBS Corporation managed to grow Q2 revenues by 1% to $3.4 billion. Net earnings rose 1% as well to $408 million. And, since the company
In praise of Arbitron
With all of the criticism heard regarding Arbitron, Lotus Fresno GM Mike Ginsburg thinks it’s only fair to praise them for good performance
Back to the campaign
As official Washington gets set to take the month of August more or less off, journalists threw their attention back on the 2008 campaign....
Up quarter for Disney
Television and movies lagged as The Walt Disney Company reported an up quarter despite the tough economy. For the entire company, revenues rose 2%...
Cox comes up short
Cox Radio is the first pure-play radio company to report Q2 results – and the first to fall short of Wall Street expectations. It...
McGraw-Hill asserts its First Amendment rights
We’re not talking about its TV stations, or even BusinessWeek magazine, but rather the Standard & Poor’s rating agency. The Attorney General of Connecticut...
Tough business cycle for Meredith
The bulk of Meredith’s business comes from its publishing side, but there was more than enough bad news to go around for the television...