Sirius losses shrunk in the first quarter, while XM’s losses widened, the companies announced yesterday, in what they hope will be their last quarterly financial reports as stand-alone companies.
Clear Channel said yesterday that it was close to settling with the banks financing the deal to take the company private.
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XM and Sirius still want their marriage to go through, despite the fact that the FCC is almost endlessly dragging its feet on a decision about the regulatory issues involved in such a merger.
Clear Channel has filed comments with the FCC opposing the adoption of new localism regulation. Clear Channel says the proposed regulations would turn the broadcast industry upside down and bring the industry back to a regulatory regime “long ago rejected” as being fraught with First Amendment difficulties.
Public interest groups and lawmakers are gearing up to fight against a Rupert Murdoch-owned Newsday.
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The Commerce Committee is hoping to reverse changes to the ban on media cross-ownership that the FCC voted for last December.
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Orange, Calif.-based Media Management Services is attempting to place six digital billboards along three major highways in and around San Diego.
Ho hum, another digital billboard battle is taking place, this time between Lamar and five members of Pittsburgh’s City Council.
The FDA’s requirement that print publishers include information on where to report side effects on drug ads began today.
The Justice Department’s antitrust division has approved the proposed merger between XM and Sirius satellite radio companies; the deal now awaits FCC approval.
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Sirius Satellite Radio is keeping the faith that the FCC will soon rule on the proposed merger of Sirius and XM Satellite Radio.
The NAB, Bonneville International Corp and the National Religious Broadcasters Music License Committee has filed a brief with the DC Circuit Court challenging the Copyright Royalty Board’s decision, last year, which raised performance royalties for music streamed on the internet.
The proposed merger between satellite radio companies XM and Sirius awaits approval from the FCC before moving forward. It must have been discouraging, then, for the companies to hear FCC chairman Kevin Martin say, during a press conference on Tuesday, that such a merger faces a “high hurdle.”
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Yet another township is taking steps to block digital billboards from its communities. Plumstead, Pennsylvania, outside Philadelphia, is working to tighten language that already prohibits signs with flashing or intermittent lights.
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A group of bi-partisan senators, including Sens. Hillary Rodham Clinton and Barack Obama, is pushing to nullify the FCC’s December decision to allow single companies to own newspaper-broadcast combinations in the nation’s top 20 markets.
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The FTC has decided to review its decades-old environmental marketing guidelines after noticing a proliferation in the marketplace of companies claiming to be “green.”
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Direct mailers rejoice: The U.S. Postal Servicehas asked the Postal Regulatory Commission to allow sticky notes on letters and packages on a permanent basis.
XM’s cost of acquiring new subscribers rose from $108 in 2006 to $121 in 2007. The company is now engaged in a push to promote XM and recruit subscribers via online channels in the hopes of reducing the cost of new subscriber acquisition.
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Britain’s Office of Communications (Ofcom) will begin making spot-checks of TV broadcasters to be sure they are complying with some new license conditions the independent regulator is putting into place come March.
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The deal for two private equity firms to purchase Clear Channel can go through, the Justice Department’s antitrust division says, if Clear Channel sells radio stations in four cities.
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