Macy’s Q1 Revenue Slip Not as Steep as Expected
Macy’s same-store sales outperformed competitors JC Penney and Nordstrom in the first quarter, falling just 2.6 percent.
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Macy’s same-store sales outperformed competitors JC Penney and Nordstrom in the first quarter, falling just 2.6 percent.
Turner Broadcasting is launching a system called TVinContext which will allow advertisers to place ads that are related to the content of the programming.
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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.
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Tribune Co.’s sale of Newsday to Cablevision allows Tribune and its new chairman, Sam Zell, to put $600 million in expected cash proceeds toward its roughly $13 billion debt. This buys Tribune Co. more time to implement plans to turn around the business.
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Gift cards (35.6 percent) and cash (56.8 percent) will remain the most popular graduation gifts, according to the National Retail Federation’s 2008 Graduation Consumer Intentions and Actions survey, conducted by BIGresearch, MarketingCharts reports.
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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Wal-mart’s net income in the first quarter increased 6.9 percent to $3.02 billion, beating estimates by 1 cent per share. Revenue rose 10 percent to $95.3 billion. Deep discounts - as high as 30 percent - helped boost first quarter profit.
The Christian Science Monitor is considering a weekly edition; the long-term goal may be to phase out the daily edition of the newspaper.
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Nielsen’s C3 ratings, which will be used as currency during the upfront (taking place as we speak) for the second year in a row, have failed to achieve accreditation from the Media Rating Council.
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BuzzCity, a provider of global wireless communities and consumer services, today announced that it has seen year-over-year growth of 917 percent in mobile ads served across its mobile advertising network in the U.S.
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The vast majority of Boomers say it is important that their physician have specialized training in dealing with older patients (see table), but a majority say they cannot find such a doctor, according to the first annual Senior Health Index from American System for Advancing Senior Health, writes MarketingCharts.
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The Media Ratings Council has created a “code of conduct” requiring that ratings companies get accreditation before introducing a new currency into the marketplace; the MRC has asked for, and received, approval from the U.S. Dept. of Justice for the code.
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Clear Channel is in the process of developing a feature that will allow listeners to create their own customized radio tuners on their streaming music players. The new feature, which lets listeners add their own preferences for artists, genres or songs, is expected to launch in June.
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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.
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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. Radio declined 4 percent.
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Federal tax rebates will give retail sales a significant and much-needed boost in the next two quarters, predicts TNS Retail Forward, saying retails sales growth will improve by as much as three percentage points in the third quarter and half that in the second quarter, MarketingCharts writes.
NBCU plans to launch a 24-hour cable news channel in New York in November, covering the New York region, including New Jersey and Connecticut.
Media and entertainment companies are in broad agreement on the way the digital market is evolving, where the opportunities lie and what will drive revenues over the next five years - but execution remains an issue, according to an Accenture survey, MarketingCharts writes.
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Little more than a month after CBS Radio announced that it was powering AOL’s radio player, the company has expanded on its digital plans. Speaking at a presentation to hundreds of media buyers and advertisers in New York yesterday, CBS pres-CEO Les Moonves announced the formation of CBS Radio Digital Network, a new division of its CBS Radio group.
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Newspaper editors believe the daily paper will survive in the age of the internet, but think they will change to become free, and to place a greater emphasis on comment and opinion in the future
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