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The new, higher offer from equity firms Thomas H. Lee Partners and Bain Capital for Clear Channel Communications is still too low, and shareholders should reject it, says proxy advisory firm Institutional Shareholder Services.
That opinion could doom the $19.3 billion offer, writes Radio Ink
The new bid came after shareholder protests of the original offer led to doubt that the offer would get approval. Two of Clear Channel’s largest shareholders, Fidelity and Highfields Capital, still oppose the deal.
The recent deal for Google to sell advertising inventory for Clear Channel suggests an increase in the value of the company, according to the ISS report.
CBS Radio and Yahoo, two of the largest online radio providers, are combining their online radio stations, beginning early next year.
CBS Radio’s 150 stations and LaunchCast’s 150 online stations will be integrated into Yahoo’s music site, powered by CBS…
Cox Enterprises, Inc. announced today that the company is bringing together its three media units - Cox Newspapers, Cox Television and Cox Radio - under a new organization named Cox Media Group, Inc., effective January 2009. The subsidiary will be headquartered…
Target is one of the first brands to create an iPhone application. The Target “gift globe” allows iPhone users to shake their phones to launch a snow-fall effect.
When the snow clears, a gift idea from Target is revealed. Users…
ABC is set to launch a slew of new series in a midseason shuffle. Primetime: What Would You Do? returns Tuesday, Jan. 9, in the 10pm time slot. The show is a hidden camera experiment in which actors stage scenarios…
Only 28% of the audience of an average news program, website or magazine gets valuable information about products and services advertised there, making news venues less effective at conveying ad messages than all forms of media combined (see chart), according…
Effective immediately, any telemarketing call that delivers a prerecorded message must include a quick and easy way to opt-out of receiving future calls. The opt-out must work both for consumers who answer these calls in person and for those whose…
