Some of the names on the move ahead of the open.» Read More
Clear Channel, the nation’s largest radio station operator and an outdoor billboard company, last year became the biggest leveraged buyout ever in the media business, after it was taken private by Thomas H. Lee Partners and Bain Capital. Now its revenues are plunging and so is its cash flow, making it harder to meet the payments on the billions in debt accumulated in the process of buying out its public investors. If it violates some of its loan agreements, those interest payments rise sharply.
Following are the day’s biggest winners and losers. Find out why shares of Dendreon and Saks popped while Starbucks and Dell dropped.
Currently Finerman is keeping an eye on Cox Radio. And she’s outraged. What’s got her ticked off?
The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own.
Despite setbacks, analysts say Sirius XM Radio, now the only satellite radio provider in the United States, is still a good long-term buy for investors. But do traditional AM/FM stations have as much potential for profit?
TiVo, the Silicon Valley company that introduced millions to the joy of skipping television commercials, is trying to crack a decades-old media dream. It wants to turn the television remote control into a tool for buying the products being advertised and promoted on commercials and talk shows.
Even if the market comes back, do not expect the terrestrial radio companies to follow suit. Here's why.