Strong results for Meredith
With its fiscal year running through June, a lot of the fiscal year that Meredith Corporation reported yesterday included the last political campaign cycle,...
Tribune says financing is committed
Tribune Company CEO Dennis FitzSimons sought to calm Wall Street fears that the company's buyout won't close. FitzSimons insisted "Our going-private transaction is on...
Ad slump continues for New York Times Co.
The New York Times Company posted a big gain in Q2 net income, nearly doubling to 118.3 million bucks, but only from selling its...
Disney decides to kick the habit
The Walt Disney Company has promised House Subcommittee on Telecommunications and the Internet Chairman Ed Markey (D-MA) that it will discourage depictions of tobacco...
Unfettered ad campaign on public Pittsburgh air
When is a noncommercial broadcaster able to just go nuts and run advertisements to its heart content? WQED in Pittsburgh is demonstrating. And the...
LBI sells bonds
LBI Media, the parent of Liberman Broadcast, sold 228.8 million of 8.5% senior subordinated notes due 2017. The issue was recently rated B2 by...
Auto drags down McGraw-Hill TV
Q2 broadcasting revenues plunged 16% at McGraw-Hill to 26.8 million, with CEO Terry McGraw citing both the lack of political advertising and a sharp...
Scripps challenged by its own success
While old media companies, especially those with newspapers, have been out of favor with investors, Scripps has been a Wall Street darling in recent...
Gannett boosts dividend
Gannett Company shareholders will see something extra in their next dividend check. The company's board of directors has increased the quarterly dividend by 29%...
Americans express their independence
Many citizens profess an antipathy toward politicians - all politicians - and express this sentiment by refusing to align themselves with either the Republicans...
No quick decision from the Bancrofts
Not that anyone expected one. Reports of the family meeting on Monday indicate that the Bancrofts are deeply divided over whether or not to...
Ion exchange stays on track
Ion Media Networks announced that the Delaware Supreme Court refused to hear the appeal of preferred shareholders who had previously been turned down by...
PRISA founder dies
Jesus de Polanco, founder and Chairman of Spain's media conglomerate Grupo PRISA, died at age 77 of a rheumatic disease. Earlier this year, de...
Ad slump for Journal Communications
Q2 revenues were down 4.3% at Journal Communications, blamed on weakness in classifieds for the newspaper business and soft auto advertising for broadcasting. TV...
Bancrofts hold their family reunion
The far-flung Bancroft family met yesterday to review the five billion bucks offer from News Corporation and, within a week, decide whether to back...