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Franken As rumored, Air America has filed for Chapter 11 protection in U.S. Bankruptcy Court for the Southern District of New York.
The network, which offers 19 hours of programming daily with Al Franken as headliner, has said that the filing will allow it to continue operations while it deals with creditors, according to Radio Ink.
Air America changed its flagship station from WLIB to WWRL-AM owned by Access 1 in New York in September. The network has now had its assets seized by a creditor, which forced the network to file.
The network debuted two years ago without owning any stations for distribution. Still, it has managed to clear more than 90 affiliates and both satellite radio services, the article points out.
Katz Radio Group has snared two more major clients, having approached and signed CBS Radio and Entercom Communications, formerly clients of Interep.
CBS Radio represented about a third of Interep’s total revenue, writes Mediaweek.
Interep filed last month to convert its…
CNN plans to offer newspapers a wire service as an alternative to the Associated Press. CNN, which already runs an internal wire service, will explain its new, expanded service to editors from about 30 papers who are visiting Atlanta this…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
Regulatory filings reveal that billionaire hedge-fund manager Carl Icahn bought nearly 7 million additional shares — about $67 million worth — of Yahoo.
The investor paid an average of $9.92 for each share over the course of three days, bringing…
Despite the U.S. financial crisis and dwindling marketing budgets at some financial institutions, the number of retention-related direct-mail offers sent by banks to current customers in Q3 2008 was 42% higher than in Q2.
View chart of estimated mail volume, Q3…
