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Today's Headlines August 18, 2010 |
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After a week of controversy over an on-air exchange in which she repeatedly used the n-word, Dr. Laura Schlessinger said on Larry King Live last night that she has decided to end her radio career at the end of this year, when her contract with Talk Radio Network runs out. Schlessinger, who earlier said using the term was wrong and apologized, told King, "I want to be able to say what's on my mind and in my heart, and what I think is helpful and useful without somebody getting angry, some special interest group deciding this is the time to silence a voice of dissent and attack affiliates and attack sponsors." |
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| Business |
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A 17.5 percent increase in national business helped Radio One's revenue move up 7.6 percent in the second quarter, to $75.2 million, with net income of $2 million (4 cents per share). At the same time, Radio One President/CEO Alfred Liggins acknowledged that the company has triggered defaults under its credit facility but said, "We are confident that we will be able to solve both for the defaults under the credit facility and for our upcoming debt maturities in a manner that permits the company to maintain both strategic optionality and operational flexibility." |
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In a filing with the Securities and Exchange Commission, Radio One says it has amended an earlier forbearance agreement with creditors, and under the new agreement will retain a restructuring adviser and will deliver 13-week cash flow projections. |
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Nielsen Co. now says it plans to raise $2.01 billion in an initial public offering, up from $1.75 billion. Nielsen has been a private company since 2006. |
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McGavren Guild Media signs representation deals with Broadcast Partners and Pittman Broadcasting in Lafayette, LA. |
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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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| Technology |
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FM receivers in mobile phones and other devices is one of the key items in the negotiations between the NAB and label representatives over performance royalties, but the head of the Consumer Electronics Association -- whose membership would be directly affected by any such requirement -- doesn't care for the idea at all, Ars Technica reports. In fact, CEA President Gary Shapiro calls the idea "the height of absurdity." |
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ESPN launches new locally focused apps for the iPhones and iPod touch, dedicated to sports in Dallas, Boston, Chicago, Los Angeles, and New York. There's also a Passport app where users can build a "digital sports scrapbook." |
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ADVERTISEMENT -- It's your radio station...you know it best. Why let someone else's strategy dictate how you are sold? Mix your local expertise with our account knowledge to capture your fair share of the nearly $2.4 billion that is spent in national radio. Click here for info. |
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| Industry |
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Longtime Chicago sports radio personality Mike North, currently a sports columnist with the Chicago Sun-Times, joins the lineup at Fox Sports Radio. |
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Arbitron will be sponsoring the Association of National Advertisers' 10th annual Multicultural Excellence Awards, recognizing the best work in reaching multicultural consumers through radio. |
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| Washington |
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The Minority Media and Telecommunications Council files comments with the FCC saying the agency has a "poor record of data collection" in a number of areas and urging a number of changes to data gathering. |
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| Radio Ink |
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Radio Ink is looking for the Best Programmers in Radio, and we're counting on you to tell us who they are. Click the headline to learn more. |
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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: "
