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Cablevision is close to an agreement to buy the Sundance Channel in a cash and stock deal valued at nearly $500 million, according to people close to the situation.
The cable operator has also made a $650 million bid for Long Island newspaper Newsday.
Owning Sundance will give Cablevision a stronger position in the independent-film programming market, writes the Wall Street Journal. It already owns film channel IFC which, at the end of 2007, was in 42 million homes. Sundance currently reaches 28 million.
Clear Channel Radio has launched what it hopes will be a valuable tool for media buyers unfamiliar with the radio format.
TotalRadius.com is a site that showcases the variety of offerings to advertisers - from digital media to traditional radio, from…
BBC Worldwide plans to launch BBC Knowledge - its first magazine in the U.S. - in August, with an initial print run of 85,000.
The magazine hopes to capitalize on the strength of the BBC brand in the U.S. “While…
Clear Channel, its private equity buyers and the banks which agreed to finance the deal have settled, with Clear Channel agreeing to accept a new deal at a lower price of $17.9 billion.
Thomas H. Lee Partners and Bain Capital…
Despite the fact that it was a modest hit, and won its time slot on Sunday nights, the reality show Oprah’s Big Give will not return to ABC next year.
ABC entertainment pres Steve McPherson said the network would “absolutely…
Turner Broadcasting is launching a system called TVinContext which will allow advertisers to place ads that are related to the content of the programming.
A movie scene taking place in a cafe might be followed by an ad for coffee, while…
Macy’s same-store sales outperformed competitors JC Penney and Nordstrom in the first quarter, falling just 2.6 percent.
Same-store sales at JC Penney dropped 7.4 percent, while Nordstrom’s declined 6.5 percent in the quarter. Revenue for the company beat analyst estimates,…
