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The vote of shareholders on the Clear Channel takeover bid will happen next week, and analysts are still predicting that the bid will be rejected.
According to a story on Bloomberg.com, analysts believe shareholders will reject the bid, writes Radio Ink. The prediction is based on a tracking of the stock price, which has fallen 17 cents since Friday to $35.39, compared with the $37.60 a share offer from private equity firms Thomas H. Lee Partners and Bain Capital Partners.
Fidelity Investments, Clear Channel’s largest shareholder, has said that it plans to vote against the deal because the price doesn’t reflect gains made by the company’s outdoor unit.
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…
