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A source familiar with the situation has said that Thomas H. Lee Partners and Bain Capital are considering whether a higher offer for Clear Channel will be necessary before the April 19 vote of Clear Channel shareholders, the New York Post wrote yesterday (via Radio Ink).
Jonathan Jacoby, Bank of America securities analyst, has written that the private equity consortium might produce a better offer in order to “get the deal done.”
Jacoby points to the fact that a core group of shareholders holding about 20-25 percent of the stock have already expressed opposition publicly claiming the $37.60 offer is too low, and that another segment may not vote at all, so the company may not get the two-thirds majority vote it needs for approval.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
