Media Radio

  • 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.

  • Pandora

    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.

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    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?

  • Radio Microphone

    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.

  • Woman using a computer

    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.

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    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.

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    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.

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    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."

  • XM Sirius

    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.

  • XM Sirius

    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.

  • XM Sirius

    The Federal Communications Commission is close to giving a green light to Sirius Satellite Radio's proposed takeover of acquisition of XM Satellite Radio, the Wall Street Journal reported Wednesday.

  • XM Sirius

    A Federal Communications Commission member who sought further concessions in a pending satellite radio buyout withdrew his offer Wednesday after it failed to draw support.

  • Rush Limbaugh

    The details haven't been announced but Drudge is reporting that the deal goes through 2016 and is worth more than $400 million dollars. I've spoken to a number of record industry insiders, and though no one would confirm those exact numbers, they all said that the high figure make sense.

  • Don Imus again faces questions this morning over on-air remarks about race.

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    XM and Sirius Satellite radio--the nation's only two satellite radio operators--have cleared a major hurdle: FCC Chair Kevin Martin recommended approval of their merger. This puts them one step closer to the deal that's now valued at roughly $7.5 billion dollars, based on recent stock prices.

  • If the banks let this deal collapse, they should prepare to be sued from here to eternity. And rightfully so, Cramer says.

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    It might have seemed like a boring day in the stock market, but there was plenty of action including late-breaking news on Clear Channel, the pre-earnings Oracle trade and more.