The FCC has approved the buyout of Clear Channel Communications by private equity groups led by Thomas H. Lee Partners and Bain Capital, according to a source close to the issue.
Time Warner has made an investment in Gaia Online, a virtual world and social community for teenagers. The investment was for an undisclosed amount.
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Wall Street is nervous about the media sector, with analysts at both Goldman Sachs and Sanford Bernstein issuing negative reports on the sector today.
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More TV dollars will go toward cable TV this year, and ESPN looks to be the hot item when it comes to top-tier cable networks.
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Nielsen Media Research has sent letters to U.S. TV stations asking for their help in preventing any further glitches in the company’s A/P (active/passive) coding system.
Dennis Publishing held onto The Week when it sold its U.S. publishing division for $240 million, and is now buying products to complement the publication, according to Folio.
The Academy of Motion Pictures Arts and Sciences says the Oscars award telecast on Feb. 24 will air as planned, but media buyers say they are making alternate plans in case the awards show falls apart due to the writers strike, as the Golden Globes have.
NBC has scheduled American Gladiators to run in the 10 p.m. slot on Sunday, following the one-hour Golden Globes news conference.
As the newspaper industry’s downturn combines with a broader economic slowdown, newspapers are facing what is likely to be a lousy year.
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Emmis Communications failed to meet Wall Street estimates for its fiscal third quarter. Weak national ad trends were to blame, says chairman and CEO Jeff Smulyan, who added that he expects radio to bounce back this year.
December sales at Wal-Mart Stores Inc. rose 2.4 percent, the most in four months, on early and heavy discounting of popular holiday items.
CBS News and the Writers Guild East and West, the union that represents 500 of CBS News employees - including news writers, producers, editors, artists and assistants working for CBS radio and television stations - have come to an agreement on a new contract.
Blogs are not only having an impact on the speed and availability of news but also influencing the tone and editorial direction of reporting, according to a survey of U.S. journalists by Brodeur, a unit of Omnicom Group, writes MarketingCharts.
Monster Media has installed a motion-activated, 6-foot-by-20-foot interactive screen in New York City’s Grand Central Station.
