8-12-14
Funeral services for well-known broadcaster Hal Gore will be at Christ Church by the Sea in Vero Beach, FL Saturday, August 23 at 11 a.m. A memorial service will be held at the Chapel of Sky Valley in the fall, where his ashes will be interred in the columbarium alongside a niche for his wife Jane. Charitable donations in lieu of flowers may be made to: The Broadcasters Foundation of America, 125 West 55th St. N.Y. N.Y. 10019-8254.
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9-3-2012
Automakers will report August sales numbers today, delayed a few days due to the Labor Day Holiday weekend. Analysts predicting sales of about 1.2 million vehicles for August. If those numbers come in, that would result in a 20 percent increase over August 2011. Honda and Toyota should report strong numbers. It's been a year since an earthquake in Japan resulted in lower inventory for the two companies. Both companies now have a full supply of vehicles and are working off lower comps.
8-26-2012
The Detroit Free Press reports there's a lot of optimism around Detroit for the second half of 2012. It appeared as if auto sales were tapering off but the paper has several optimistic quotes about the auto market. J.D. Power and Associates Senior V.P. John Humphrey said, "August continues this summer's trend of healthy growth in retail sales as dealers work to sell down inventory in time to make room for 2013 models."
Ron MacEachern is a GM for several dealerships. He's quoted as saying, "The market growth is very, very steady." The paper says U.S. consumers are on track to buy 1.3 million vehicles in August, or 16 percent more than a year ago. That would translate to a seasonally adjusted annual rate of 14.5 million -- the strongest pace for any month this year. Automotive website Edmunds.com also is projecting a selling rate of 14.5 million.
8-1-2012 (8:30 PM Update)
U.S. District Judge Sarah Evans Barker will wait until August 31st before making a ruling in the Emmis vs. preferred shareholders case. Barker listened to two days of testimony, then asked both sides to try to work it out one more time. The preferred shareholders are owed millions in back dividends and Emmis CEO Jeff Smulyan wants to make that go away so he can continue to rebuild the company and reduce debt.
Preferred shareholders want the judge to block a shareholder vote that was scheduled for August 14th. That vote will be delayed, according to Smulyan.
John Barrett of Corre Partners Management LLC, which controls the plaintiff fund, told Radio Ink last night, "We think our attorneys did a terrific job in presenting our case the past two days and we're very optimistic that judge barker, when she weighs our arguments and the compelling evidence we submitted, will see the strong merits of our case. We're looking forward to judge Barker's ruling at the end of the month. Our group still just simply wants the Emmis crusade to stop so that we can continue to own the preferred securities with all the accompanying rights we purchased in the market. We believe there is substantial upside potential for both Emmis and our securities, in spite of Emmis' attempts to prevent that."
The judge appeared to show some sympathy for the preferred shareholders. According to Bloomberg she said, ?Let?s say all requirements were satisfied. There is no doubt that Mr. Barrett and his group were victimized when they failed to sell their shares to Emmis and Smulyan. They were left holding an empty bag." The preferred shareholders allege that Emmis did not properly disclose its intent. Smulyan told Radio Ink last night he was very happy with how the hearing went.
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8-1-2012
Bloomberg reports that a federal judge will hear more arguments today after Emmis CEO Jeff Smulyan, COO Pat Walsh and representatives from the preferred shareholders group testified Tuesday. The investors want the judge to block an August 14th shareholder meeting from taking place. It's at that meeting where millions of dollars in preferred stock dividends might be wiped away. Smulyan told the judge he did not have plans to take the company private, which is one of the accusations being made by the preferred shareholders. They are also worried they are about two weeks away from losing millions of dollars.
According to Bloomberg, Emmis attorney Richard Kempf said, ?Emmis management is fulfilling its responsibility. It?s impossible for every constituency to be satisfied.? Smulyan testified he did not have plans to take the company private. He tried that and doesn't want to go down that road again. ?I?m worn out from two years ago. I just don?t want to do it. I can?t foresee a situation in which that would change.?
John Barrett from Core partners told the court that Walsh warned him last year Corre risked its investment being rendered worthless if it didn?t participate in the swaps program, according to the Bloomberg report. Barrett said he came away from that conversation believing Walsh had effectively said, ?I?m going to annihilate you.? When asked about that conversation, Walsh said he did not attempt to threaten Barrett ?There?s no coercion. I?m not allowed to coerce."
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7/14/2011
We had to share with you just a smidge of Roy's piece in the August 8th issue of Radio Ink Magazine. "Who was the person who decided we should multiply reach times frequency to calculate gross impressions? Seriously. I need to know. Will you help me find that person? Here?s my plan: We find the rat bastard, drag him outside, and kick him to death. But of course we?ll do it in the nicest possible way. We may even adopt a bit of a British accent while we hurl violent curses. It will be classier that way."
And as always Roy backs up his statements and observations with brilliant conclusions and impossible-to-argue facts. Subscribe to Radio Ink starting with our August 8th issue.
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Lil Wayne's "Tha Carter IV" release date has been pushed back again, a source confirms to Billboard.com. The highly anticipated set will now hit stores on Aug. 29, over two months after its last announced release date of June 21.
"Tha Carter IV's" arrival has been rescheduled multiple times: Lil Wayne eyed a spring release at the beginning of the year, and in March, he announced that "Tha Carter IV" drop on May 16. Three singles have already been released from the set, with the last one, the slow jam "How To Love," hitting the web last Thursday. The track debuts at No. 60 on Hot R&B/Hip-Hop Songs this week, while previous singles "6 Foot 7 Foot" and "John" peaked at Nos. 2 and 19, respectively.
Mary J. Blige, Lil Wayne Perform 'Someone to Love Me (Naked)'
Duet at Billboard Music Awards
"Tha Carter IV" will be Wayne's first album since his release from prison last November. "I Am Not a Human Being," which dropped just before his release, reached No. 1 on the Billboard 200 and has sold 887,000 copies, according to Nielsen SoundScan.
Lil Wayne's 'Human Being' Leaps 16-1 on Billboard 200
Lil Wayne will join Drake, Chris Brown, Wiz Khalifa and many more at Hot 97's Summer Jam on Sunday (June 5), and will continue his I Am Still Music tour with Rick Ross, Keri Hilson, Lloyd and Far*East Movement beginning July 13. "The Carter IV" will also be previewed when MTV airs Lil Wayne's "Unplugged" performance on June 12.
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