CNBC reported this afternoon that the deal to fund the purchase of Clear Channel has been reached with the banks signing on at $36 a share...originally the price was in the $39 per share range, but the economy had an impact on five banks willingness to finance the deal...A trial that was expected to begin today but has been postponed as BainCapital and Thomas H. Lee Partners began to work on a settlement. The new has to go back to a new vote ...
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 Meemix is an interesting new idea...it's the same concept as Pandora or Last-FM but also gives you the option of changing the music stream from audio to video...most of the video clips are from Youtube, but there are also videos from user generated uploads....Here's the press release they sent out this morning...
New Service Enables Video Format of Personalized Radio Stations; Creates Unique Viewing Experience Akin to Music Television
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 Hello radio? Do you have video on your website? Do you have user generated content, especially video on your site? Is it a website or an "interactive media" site? Dig this press release that just came in from Comscore
Google Sites Extends Online Video Market Share Lead to 38 Percent on Surge in Viewing at YouTube.com
RESTON, VA, May 12, 2008 – comScore (NASDAQ: SCOR), a leader in measuring the digital world, today released March 20...
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Interactive One, Radio One's Digital Unit,Inks Exclusive Multi-Year Advertising Deal With AllHipHop.com, the #1Site for Urban News Interactive One + AllHipHop.com means extended reach into sought-after urban demographic online Interactive One, the digital division of Radio One. (NASDAQ:ROIAK) (NASDAQ:and) (NASDAQ:ROIA), in partnership with AllHipHop.com (AHH), a providerof music related urban onlin...
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-- Five Radio Board members re-appointed -- WASHINGTON, DC -- Three new board members and five incumbents have been appointed to eight designated seats on the NAB Radio Board of Directors, NAB announced today. The selections were made by NAB Radio Board Chairman Russ Withers with the approval of the Radio Executive Committee and NAB Joint Board Chairman Jack Sander. The two-year terms become effective at the upcoming NAB Board mee...
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The Wall Street Journal reports this morning that an agreement is close between the partners (Thomas H. Lee Partners and Bain Capital LLC) who are buying out Clear Channel and the banks who are funding the deal. According to the WSJ story the banks would go ahead with the financing at $36 a share, instead of the original $39.20. The partners have sued the banks in a New York court and the trial was supposed to begin today but the judge abruptl...
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 XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) today announced earnings for the three-month period ended March 31, 2008. Revenue for the first quarter 2008 rose to $308 million, a nearly 17 percent increase over first quarter 2007 revenue of $264 million.
XM ended first quarter 2008 with 9.33 million subscribers, an 18 percent
increase, compared to 7.91 million subscribers at the end of first quarter
2007. This growth was driven by a 4...
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Cumulus Media Inc. Announces Investor Group’s Termination of Merger Agreement Cumulus Media Inc. (NASDAQ: CMLS) announced today that it has entered into an agreement with the investor group led by Lew Dickey, the Company’s Chairman, President and CEO, and an affiliate of Merrill Lynch Global Private Equity, ...
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Clear Channel Communications Announces First Quarter 2008 Results Clear Channel Communications, Inc. (NYSE: CCU) today reported results for its first quarter ended March 31, 2008. The Company reported revenues of $1.6 billion in the first quarter of 2008, a 4% increase over the $1.5 billion reported for t...
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A big radio corporation recently hired several Cannibals.
"You are all Part of our team now," said the HR rep during the welcoming
briefing. "You get all the usual benefits and you can go to the cafeteria
for something to eat, but please don't eat any of the other employees."
The Cannibals promised they would not.
Four weeks later, their boss remarked, "You're all working very hard, and
I'm satisfied with you. However, our receptionist has disappeared...
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