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On Friday's earnings call, executives from Saga Communications said last quarter's results were impacted by surprise sluggishness in June, but gave assurances that growth has already resumed in this quarter. Overall, the company saw higher earnings during the second quarter, helped by 4 percent revenue growth and slightly lower expenses. |
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Saga Communications' net operating revenue in the second quarter came in at $32.9 million, up 4 percent from $31.6 million in Q2 2009. Net income was $3.7 million (87 cents per share), compared to $2.7 million (63 cents) a year ago. |
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Emmis Communications has -- for the third time -- adjourned a special meeting of shareholders held to vote on a proposal to exchange preferred stock for debt that is a key part of the company's plan to go private through a merger with Chairman/CEO Jeff Smulyan's JS Acquisition. Talks continue with a group of shareholders that oppose the current proposal, and another meeting has been set for August 20. |
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ADVERTISEMENT -- REALTORS® spend $1 billion annually to market their services and 30% are ready to buy radio! See the video from the NATIONAL ASSOCIATION OF REALTORS® Annual Conference. Read more. |
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The FCC releases its complaint figures for the first quarter, and January saw a startling 128,301 complaints alleging broadcast and radio TV indecency -- nearly all of the 132,416 complaints in the quarter. Though the commission doesn't specify what programming drew the complaints, but the spike could be related to an activist group's campaign. |
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ADVERTISEMENT -- Is your station's individual story being told by your representative so that it can capture its share of the pie? Our clients receive the personalized attention necessary for success. Click here for info. |
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| Convergence Technology |
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WSTW/Wilmington, DE, is the winner of this NAB HD Radio Multicast Award for its Graffiti Radio HD2 channel. WSTW will receive the award October 1, during the Radio Show in DC. |
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Andrew Ross Sorkin joins the lineup at Radio Ink's Forecast 2011, set for December 7, 2010 at the Harvard Club in New York. Sorkin is the chief mergers and acquisitions reporter for the New York Times and the best-selling author of the recent Too Big to Fail, and he's as well connected in the financial world as anyone in radio. The thrice-daily "Business Brief With Andrew Ross Sorkin" is produced and distributed by United Stations Radio Networks. Click the headlne for Forecast information and registration. |
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Radio Ink magazine the first radio industry publication on the iPad and among of the first of all publications. With the iPad's touchscreen, you can flip through the digital edition just as you would a copy of the magazine, with live links, interactive ads, links to video, and with more interactive features on the way. |
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The economy is slowly turning around, and broadcasters are beginning to hire again. Put your name in front of the industry with a free listing in Radio Pros Available. And we'll be happy to post your aircheck or demo, or a link to your website. Click the headline to learn more. |
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August 23: Cover 
From a reader: "
