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Supermarket mogul Ron Burkle continues to work with Dow Jones’ union and may go public with a bid as early as this week.
A source in the Burkle camp has said that Burkle has been trying to enlist Yahoo as a partner for the bid, reports Fortune. Burkle sits on Yahoo’s board of directors.
A venture into the newspaper industry, which is facing significant challenges and slow growth, seems an unlikely move for Yahoo.
Burkle is also reportedly seeking support from other possible partners.
Dow Jones’ unions are eager to link with Burkle not because of editorial integrity - though that is the reason the union is publicly touting - but because Burkle has a history of being a strong union support, writes Fortune’s Tim Arango. Rupert Murdoch, who opened the doors to a Dow Jones buyout with his $5 billion offer, is known for busting unions, according to Arango.
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…
