Closing table was set, but banks didn’t show
Despite some disagreements with the banks over exactly what the terms of their loans would be, Clear Channel Communications says in an SEC filing...
25-Seven Systems introduces program delay monitor
25-Seven Systems announced the arrival of its Program Delay Manager (PDM) in both IP audio and standard digital/analog I/O configurations. PDM offers full protection...
Arbitron February PPM client update: The good and the questionable
Arbitron delivered its February PPM client update Friday, with President of Sales and Marketing Pierre Bouvard mentioning they are continuing to exceed benchmarks set...
Unclear closure for Clear Channel
Clear Channel has issued a statement reiterating its desire to bring its 26.7B privatization deal to a satisfactory conclusion.
What happens next?
Getting a judge in San Antonio to order giant banks to fork over 20 billion bucks is one thing - getting the cash in hand is another.
Moody’s also waiting for the outcome
Like the rest of us, Moody’s Investors Service is waiting to see whether or not the Clear Channel buyout gets to closing. Meanwhile, the...
RIAA applauds XM/Sirius wedding
Mitch Bainwol, Chairman & CEO of the Recording Industry Association of America (RIAA), has this to say about DOJ approval of the merger between...
Breaking news shifts votes
Tuesday evening’s revelation from the Wall Street Journal website that things had gone awry for the Clear Channel buyout certainly shifted voting in the...
Clear Channel wins restraining order against banks
A Texas state judge in San Antonio has granted Clear Channel Communications a temporary restraining order that essentially orders a syndicate of banks to...
Wally Phillips dead at 82
For 42 years until his retirement in 1998, Wally Phillips was a familiar voice on WGN-AM Chicago. The station reports that Phillips died this...
Regional syndication for WEEI
Entercom Boston says it will syndicate the programming of WEEI Sports Radio across the greater New England region. Entercom has successfully extended the WEEI-AM...
Hi ho, hi ho, it’s off to court we go
Talks on final financing terms for the 26.7 billion bucks going private buyout of Clear Channel have officially broken down. The would-be buyers, Thomas...
Hippie Radio gets registration from Trademark & Patent Office
Tony Richards’ format Hippie Radio has received official registration from the U.S. Trademark & Patent office. The format which debuted in late 2007 in...
Take the money and run
Goldman Sachs analyst Mark Wienkes is telling clients to sell their Sirius shares as they surge on the DOJ merger approval. Don’t wait for the FCC, he warns.
Clear Channel buyout on the ropes
The long roller coaster ride for Clear Channel employees is not over yet. But what are they supposed to do while this battle rages behind closed doors?