Eddie Bauer Holdings Inc. has agreed to be acquired by two buyout firms for $286 million, or about one-third of its share price when it entered bankruptcy last year, writes Bloomberg.
CBS’s new doctor drama will air tonight, and according to pre-show buzz it will not bear comparisons to hits such as Grey’s Anatomy or House.
The new stadium of the New York Mets, which will open in the spring of 2009, will be named Citi Field after sponsor Citigroup, which has agreed to pay more than $20 million a year for at least 20 years, according to published estimates.
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Jay-Z, a prominent rapper, has come out of retirement with a new album, and Clear Channel Radio will be offering the album, on demand to its audience, a week before its Nov. 21 release.
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The Chandler family, whose stake in the Tribune Co. is worth nearly $1.6 billion, is divided about whether to bid for the company in the auction that is currently taking place.
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The growth potential of advertising on the internet has been underestimated because predictions did not include video advertising, social media sites or mobile advertising, according to Terry Semel, CEO of Yahoo.
The New York Daily News has tabbed Quigo to use their AdSonar private-label advertising network to generate additional online revenue for the paper’s site.
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A New York start-up is seeing tremendous buzz following the purchase of a single, full-page ad in the official publication of the Cosmoprof beauty trade show in Las Vegas in July.
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The St. Paul Pioneer Press will cut the equivalent of 40 full-time positions, or about 5 percent of the staff, through buyouts, layoffs and job eliminations.
UPS will now offer customers three daily delivery options to and from its most active trading markets.
The European Commission wants to open European Union postal markets fully to competition, believing that it is the best way to maintain universal service and to improve quality and choice for customers.
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El Diario La Prensa in New York City has increased its daily and Sunday circulation for the six months ended Sept. 30 compared to the same period last year.
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Advertisers now have the opportunity to reach consumers directly via their credit card receipts.
ABC’s Desperate Housewives episode during which two minor characters were killed seems to have nudged the series back on track, after it sank to a season low a few weeks ago.
Car and Driver has launched a media company network designed to implement and measure word of mouth programs for its advertisers.
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