Four killed in news copter collision
A mid-air collision between two TV news helicopters in Phoenix left four men dead Friday. Crews from several stations were covering a police chase...
Belo beats expectations
Belo CEO Robert Decherd hailed the company's TV group for "continued outstanding performance," with Q2 revenues up 2.5% to 198.2 million, while newspapers were...
Hoax causes ABC evacuation
The Washington, DC bureau of ABC News was temporarily evacuated yesterday after a mysterious envelope was found to contain a white powder. The substance...
Time Warner boosts dividend
Time Warner Inc. announced that its Board of Directors has approved management's recommendation to increase the company's regular quarterly cash dividend by approximately 13.6%,...
Creativity in consolidation
Alternative newspaper group Creative Loafing Inc., based in Tampa, has acquired two of the nation's best-known alternative weeklies, Chicago Reader and Washington City Paper....
Moody’s may downgrade Cumulus
On the heels of Cumulus Media announcing a private equity buyout, which will likely boost its leverage, Moody's Investors Service has placed the company's...
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%...