The House has voted to end federal funding to National Public Radio. Republican supporters say it made good fiscal sense, and Democratic opponents calling it an ideological attack that would deprive local stations of access to programs such as "Car Talk" and "All Things Considered."
NPR president and CEO Vivian Schiller has resigned in the wake of comments by a fellow executive that angered conservatives and renewed calls to end federal funding for public broadcasting.
Citadel Broadcasting is in exclusive negotiations with Cumulus Media to be acquired by Cumulus in a deal worth $37 a share in cash and stock, according to people close to the situation.
Radio host Howard Stern announced he is staying with Sirius XM Radio, ending speculation that he might leave the satellite radio station. Barton Crockett, media analyst at Lazard, shared his take on the stock going forward.
What’s it like to run Howard Stern Inc.? And (question du jour) how do you decide what you’re worth? Investors in Sirius XM are trying to figure out that last question.
Internet entrepreneur Bob Pittman has gone back to his radio roots in a new venture with Clear Channel, in which he will help extend radio brands, such as Z100 and Kiss FM, to the Internet and mobile devices.
Each week, for an hour, Suzi Hanks snuggles close to a microphone in a tiny soundproof closet, reading — and describing in great detail — portions of the latest Playboy issue for the blind.
Tim Westergren recently sat in a Las Vegas penthouse suite, a glass of red wine in one hand and a truffle-infused Kobe beef burger in the other, courtesy of the investment bankers who were throwing a party to court him.
GlaxoSmithKline can fuggedaboutit. If New York radio listeners have a problem with the company's new ad campaign for Nicorette, then how will it possibly play in Peoria?
A common complaint about business journalism is that it tends to become insular ... I find talking to radio folks reminds me to break out of that funk.
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.
Like many others in my business, the technical talk starts to eclipse plain talk. But this AM station snaps me out of it.
Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s debt.
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?
Thursday Clear Channel Communications shareholders voted to approve the company's sale to a group of private equity investors, led by Bain Capital and Thomas H. Lee Partners. Friday the company said a quick tally of votes indicated that 97 percent of the shares voted were in favor of the transaction.
There are still some loud voices of dissent; Commissioner Jonathan Adelstein is concerned about the merged company having too much power. He pointed out that XM-Sirius would have "more spectrum than AM and FM combined."
Regulators reached an agreement to conditionally approve Sirius Satellite Radio's purchase of XM Satellite Radio as the companies said they would pay millions of dollars to settle allegations of past rule violations.
Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio's purchase of XM Satellite Radio , the Wall Street Journal reported.