Controversial conservative talk show host Rush Limbaugh has been dropped from a group trying to buy the St. Louis Rams after several black NFL players objected and the league commissioner weighed in against Limbaugh's "divisive comments."

A popular Australian DJ was dumped as a judge on "Australian Idol" as a national backlash continued over a radio stunt in which a teenager hooked up to a polygraph revealed that she had been raped.

Twitter posts are pointless, ads don’t work and music should be free. These are some of the striking claims making waves among media executives and investors from the pen of a 15-year-old intern at Morgan Stanley.

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.