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The FCC said the proposed buyout of Clear Channel Communications by a private equity consortium led by Bain Capital and Thomas H. Lee Partners would improve competition in the market, and approved the deal.
The deal requires the company to divest grandfathered clusters in 42 different broadcast markets that violate the Arbitron-based local market definition rules. This de-consolidation will increase competitiveness in the market, the FCC said (via Radio Ink).
Clear Channel should sell those clusters to minority- or female-owned businesses, which would allow the clusters to remain intact, the FCC urged.
The two Commissioners who hold minority Democratic seats on the FCC each expressed concern over the buyout, though they both consented to the deal.
Clear Channel’s operating results for the first quarter were flat, reflecting a continued weak demand for radio advertising. Outdoor advertising performed better than radio in the quarter for the second quarter in a row, with revenue gains of 12 percent.…
Among the near-constant doom and gloom reporting about the newspaper industry, every now and then comes a story that points out how smaller, community newspapers are bucking the trend.
Small town newspapers are faring better than most of their regional…
Busy moms apparently aren’t willing to waste their “me time” watching television commercials.
According to new research from MindShare that focused on American mothers, reading, surfing the web and watching television were the top me-time - or personal down-time -…
Ryan Seacrest is in talks with CNN to replace Larry King, according to sources close to Seacrest.
The source, however, also says, “I don’t think it’s going to happen,” writes Fishbowl LA.
Seacrest is currently host of E! News, American Idol…
Editors at Hachette’s digital operation will do well to have their digital skill sets firmly behind them. The company has reportedly chopped 15 editorial jobs from a staff of about 100 in its digital operation; those positions will eventually be…
Most CMOs with more than 10 years of experience describe themselves as “extremely loyal” to specific brands, according to a survey of marketing officers at Fortune 100 companies conducted by LoyalTV.com, a video sharing website.
92 percent of CMOs with…
