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Buying of retail stock by insiders has hit an all-time high, foreshadowing a rebound, according to Cambiar Investors LLC, Royce & Associates LLC and Becker Capital Management Inc.
Limited Brands’ CEO and eight other executives bought a record amount of stock after prices fell to a four-year low last month, while Dillard’s director made the biggest insider purchase ever as the company headed for the steepest decline since at least 1980, writes Bloomberg.
The moves signal that people in the know think the stock is “extremely attractive,” says Maria Mendelsberg, a principal at Denver-based Cambiar, which oversees about $8.8 billion (including $6.35 million Limited shares).
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…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
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…
