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Wednesday, August 4, 2010

Aug. 4: Emmis pitch-no decision; Big markets drive CBS Radio; $175k rumble


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Today's Headlines August 4, 2010

Update: Emmis Adjourns Shareholder Meeting, Extends Stock Offers

Emmis Adjourns Shareholder Meeting, Extends Stock Offers

Emmis adjourned a special shareholders meetings held Tuesday to vote on key parts of plan to take the company private with no decision made, and will reconvene Friday evening. Emmis is extending through Friday both its tender offer for common stock and the offer to exchange preferred stock for debt, both of which were set to expire Tuesday, while negotiations continue with a group of preferred shareholders that have committed to vote against the exchange.
Business
Sponsored by
CBS Q2 'Outstanding In Every Single Unit' 

CBS Q2 'Outstanding In Every Single Unit'

Top executives at CBS Corp. said Tuesday that the firm's better-than-expected quarterly results were driven by an improving economy and by its ability to leverage unique content. While he didn't directly discuss the firm's radio business on the conference call, CEO Leslie Moonves (pictured) touted the firm's growth as "outstanding in every single business unit."

Local Drives CBS Broadcast Results

Local Drives CBS Broadcast Results

CBS Corp. announced its second quarter earnings Tuesday, with CBS Radio moving up 6 percent, to $340.9 million. A 17 percent gain in local revenue drove the gain for the local broadcast division, which includes CBS Radio. CBS Corp., meanwhile, reported revenues of $3.33 billion, up 11 percent from Q2 2009.

Report: Dickey Family Seeks To Buy Magazine Publisher

The New York Post reports that the Dickey family, who control Cumulus Media, are near a deal to buy magazine publisher Modern Luxury Media, which has city magazines in 13 markets.

REALTORS®: Your Hottest New Prospects!

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.
Industry
Sponsored by

Rumble Costs El Paso Station $175k

GRM Communication is on the hook for $175,000 in retroactive licenseing fees after a judge ruled that its XHNZ, serving the El Paso market, infringed on the trademark of ring announcer Michael Buffer by using the words "Let's get ready to rumble."

Layoffs At Focus On The Family

Focus on the Family has laid off 110 workers, bringing its staff down to 750, citing the recessions and lower donations at the ministry that's home to the long-running Focus on the Family radio show.
Convergence Technology
Sponsored by RazorGator - Buy Hard-To-Get Tickets
LimeWire Remains Unfrozen

LimeWire Remains Unfrozen

A judge has rejected the RIAA's request that the assets of old-guard peer-to-peer LimeWire be frozen. LimeWire is still facing a permanent injunction and damages for copyright infringement.
Radio Ink

NYT's Sorkin To Keynote Forecast 2011

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.
Read Radio Ink On The iPad 

Read Radio Ink On The iPad

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.

Updated: Radio Pros Available

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.

Aug. 9:  Cover Q&A: Talk Radio Network chief Mark Masters.
Also:Deborah Parenti's Dialogue talks with agency execs on how they evaluate multiplatform offerings.
 A chat with Dave Glover of Emmis' Talker KFTK (97.1 FM)/St. Louis
Roy Williams explains "how to spot the weiner dog"

Coming up in Radio Ink:

August 23: New Media Spotlight
September 6: Pre-Radio Show Manager's Guide
September 20: Radio Show edition/Radio Wayne winners

Also:
October 18:
Radio's Top PDs
November 1: Focus on radio's top advertisers
November 15: The Best Managers in Radio

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 From a reader: "Thanks for continuing to push us to new levels of thinking."

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To reserve your space in these issues, contact your Radio Ink representative or Deborah Parenti at deborah@radioink.com today.










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