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Clear Channel is crying foul over Tribune Co.’s hiring of Andy Friedman, previously Clear Channel’s vp of news, talk and sports at its music and radio division.
Clear Channel says Friedman has threatened to disclose detailed knowledge of ongoing projects and digital strategies, and has sued Tribune Co. for misappropriation of trade secrets, according to MediaPost. The suit asks for an injunction to keep Friedman from working for Tribune until the end of the year, as well as monetary damages and the return of any sensitive business documents.
Friedman is the latest in a series of hires from Clear Channel on Tribune Co.’s part. Randy Michaels, Tribune’s chief operating officer, was Clear Channel’s CEO from 1999-2002. After he was hired by Tribune’s Zell in December 2007, Michaels brought on four associates from his tenure at Clear Channel and installed them as Tribune Co.’s CFO, senior vps of programming, and vp of technology.
Clear Channel has been particularly litigious in the past few months, having recently sued the banks financing the company’s buyout deal. The banks and Clear Channel won’t go to court, however, as the entities involved agreed to a lower buyout price - from the originally agreed-upon price of $39.20 per share down to $36 per share. If shareholders agree to the reduced price, the sale should move forward.
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.
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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…
