Another shareholder pressuring Emmis
This time it is Arnhold and S. Bleichroeder Advisers LLC calling for the creation of a special committee of independent directors to work with...
XM still buying red ink by the barrel
The cash burn continues for XM Satellite Radio, so the company assured Wall Street in its quarterly financial report that it still has access...
Disney commits 2M for fire aid
With its Southern California corporate home area devastate by wildfires, The Walt Disney Company announced that it will contribute two million bucks to relief...
Belo running on all cylinders
Belo Corporation's Q3 results exceeded Wall Street expectations for both its newspaper and television operations. TV revenues rose 1.8% to 182.4 million, despite a...
Scripps beats expectations
TV revenues fell 10.3% in Q3 at Scripps to 73.3 million, but that was better than expected, given the lack of political revenues. Local...
Journal clarification
Yesterday's story stated that Journal Communications indicated it was open to an acquisition or stock buyback and some people apparently took that to mean...
Lack of political impacted Meredith
With only one million of political revenues, vs. nine million a year ago, fiscal Q1 (July-September) broadcasting revenues were down 7.3% at Meredith Corporation...
Foundation attorney indicted on securities fraud
United Stations, Broadcasters' Foundation attorney indicted on securities fraud. Nick Verbitsky's/United Stations' Corporate Counsel lawyer, Marty Weisberg has been indicted for securities fraud and...
It's the advertising environment, stupid
Well, there were also tough comps during a political off-year which led to red-ink results at multimedia Journal Communications. Chairman/CEO Steve Smith explained, "The...
New York Times reports 2007 Q3 results
The New York Times Company announced Q3 revenues increased 2% to 754.4 million from 739.6 million. Ad revenues decreased 0.1%; circulation revenues increased 3.9%;...
Campaign is the lead in another diffuse week
The five media surveyed by the Project for Excellence in Journalism expressed a great deal of disagreement on which stories were deserving of the...
Moody's downgrades Emmis
Citing "continued weak operating performance," Moody's Investors Service has lowered its ratings on Emmis Communications debt. Moody's does, however, say the company's large market...
Ad sellers arrested in prostitution sting
Three employees of the classified advertising department of the Orlando Weekly, including the Director of Classified Advertising, have been arrested on charges of promoting...
Private equity slips out of Harman deal
Two private equity firms, Kohlberg Kravis Roberts and Company (KKR) and GS Capital Partners (an affiliate of Goldman Sachs), have been let out of...
Subaru selects Carmichael Lynch for creative, media
Interpublic announced today that its Carmichael Lynch unit has been selected by Subaru of America as lead agency for the client's creative and media...