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The FCC hasn’t started reviewing the potential deal between XM and Sirius, because the agency is still debating the substance of the rules that may or may not ban a merger, FCC chairman Kevin Martin told reporters Friday (via Bloomberg and AZ Central).
When the FCC granted licenses to satellite radio companies, it made a “statement,” says Sirius CEO Mel Karmazin. However, he said, “If you go to the rule books, I’m not sure you’ll find a rule.”
Karmazin said that he still expects a deal to be completed by the end of 2007. He called the National Association of Broadcasters’ opposition to the merger disgraceful, and accused the NAB of paying organizations and individuals to write letters to Congressmen urging them to block the deal.
Stifel Nicolaus has issued a broker research note saying that the expectations for an approved merger are now less than 50 percent, and saying that Wall Street sees only a 10 to 20 percent chance of success, according to 24/7 Wall Street. The research note says that both companies, however, are attractive on a stand-alone basis, and that they might become highly profitable in the next five years.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
