»
The ailing Air America, which filed for bankruptcy protection in October, has reached a tentative agreement to be acquired by Stephen L. Green, chairman of a real estate investment trust that specializes in office buildings, writes The New York Times.
Green has been providing interim financing to the network to help it meet current costs, and his brother, Mark Green - a past candidate for Mayor of New York City and state attorney general - has hosted programs on the network. Mark Green says the sale would begin a new era for Air America, with a new focus on digital content distribution such as internet programs and podcasts.
It is unclear whether Mark Green, who said that he was speaking only as the brother of the purchases, will take on a formal role within the company, or whether programming moves have been decided.
Al Franken, Air America’s most famous personality, will broadcast his last show on Feb. 14. No reason has been given for his departure, but rumors have circulated that he will be considering a run for a U.S. Senate seat.
In August, Air America lost its lease to WLIB in New York and signed on with WWRL 1600, a less well-known station. The network runs 19 hours of programming a day and is heard on 81 affiliates. It had originally faced a Nov. 22 deadline to find a buyer, but the network’s attorney bought more time for the company by claiming it was in “advanced negotiations” with a few parties about a sale.
Vending machines filled with a “synthetic blood nourishment beverage” called Tru Blood have sold out - but vampire fans can get more of the bloody refreshment at events across the country promoting a new HBO drama.
The series True Blood,…
Total magazine rate-card-reported advertising revenue for the first half of 2008 closed at $11,554,569,406, down 3.1 percent compared with the first half of 2007, according to Publishers Information Bureau (PIB), Magazine Publishers of America reported (via MarketingCharts).
Ad pages during the first…
Internet coupons have become of increasing interest to consumers, with 11 percent of households now obtaining coupons via the internet - an increase of 83 percent since 2005 - according to (pdf) a recent analysis by Scarborough Research, reports MarketingCharts.
However, the…
AMC’s Mad Men snared 16 Emmy nominations, including best drama - the first time a basic cable series was nominated in the best-series category.
The show received the most nominations of all dramatic TV series. FX’s Damages also received a…
Vogue will follow the lives of three young women as they enter the world of top modeling, pulling video together for a web-based reality series called Model.Live. Clothing retailer Express LLC paid in the low seven figures to be the…
Antiperspirant manufacturer Mitchum is launching a promotion, kicked off in the Pacific Northwest this month, that offers consumers $1 coupons attached to hangers that come from dry cleaners.
This is the third time Mitchum has partnered with EcoHangers - a company…
