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Clear Channel has agreed to sell its TV group of 56 stations and 18 digital multicasts to Providence Equity Partners for $1.2 billion. The stations will be operated by Providence’s partner, BlueStone Television.
The stations, mostly in middle- and small-size markets, include 10 CW affiliates, eight Fox, seven NBC, six ABC, four MyNetworkTV, two NBC Weather Plus, two Telemundo, five independent stations and six stations affiliated with Clear Channel’s Variety Television Network, writes Mediaweek.
BlueStone Television is selling its 13 TV stations to Diamond Castle Holdings for $230 million.
Clear Channel Radio will keep pres and CEO John Hogan on for at least five more years, and has promoted four members of its senior management team.
On the ops side, Mark Kopelman and George Toulas have been promoted to…
Sports Illustrated has created an online auction, powered by eBay, to sell some of its inventory across print, digital and events media in order to give the sales force more time to sell more effectively.
Parent company Time Inc. hopes…
Today, FreeRange launched its Mobile Publishing Platform, which boasts clients like PaidContent, Fierce Markets and The Wall Street Journal Digital Network.
The platform serves mobile coverage and branded content across BlackBerry, iPhone, Windows Mobile, Symbian and Palm devices, writes MarketingVOX.
Content is…
ABC may have a tough time keeping its No. 1 slot in the upcoming fall season. Fox, which has handily beat the competition in recent years in the later part of the season thanks in large part to hits like…
Advertisers will spend $505 million on online video advertising in 2008, according to a downward-revised projection by eMarketer, which said the significant drop was “due to changes in methodology, based on historical data from the Interactive Advertising Bureau (IAB), eMarketer’s benchmark…
Young Hispanics want social media that’s delivered in a bilingual environment, says Boston-based social media company Communispace.
The company reached that conclusion via a study of 1,000 consumers that looked at how Hispanic consumers participate in web-based forums. The study…
