Friday - March 28, 2008
Radio giant Clear Channel Communications warned Thursday that it cannot estimate when its planned sale to a private equity consortium may be closed. The buyers, which include Bain Capital and other private equity firms, stand ready to close on the $19.5 billion deal at the end of the month as planned, Clear Channel said. However, despite a ruling Wednesday from a judge in Texas, who issued an order preventing banks from obstructing the deal, the company said banks are still not cooperating on reaching closure.
[More...]
Friday - March 28, 2008
Mozilla's Firefox has a loyal following of people who say it's a lot better than the leading browser, Microsoft's Internet Explorer. But Mozilla CEO John Lilly looks like he also has a close eye on Apple's Safari browser, which commands a mere fraction of Firefox's market share even though it's available on both Windows and Mac.
[More...]
Wednesday - March 26, 2008
The proposed $19.5 billion buyout of radio station operator Clear Channel Communications is reportedly near collapse because the private equity firms leading the deal are having trouble nailing down a financing agreement with banks. Shares of Clear Channel, the largest radio station operator in the United States, fell $5.86 to $26.80 in morning trading Wednesday after dropping 5.5 percent a day earlier.
[More...]
Tuesday - March 25, 2008
The U.S. Department of Justice has cleared the way for competing satellite radio services to merge into one company amid fears that the combined service would create an unstoppable monopoly. Sirius Satellite Radio and XM Satellite Radio first announced intentions to merge in February of 2007.
[More...]
Monday - March 24, 2008
The Justice Department on Monday approved Sirius Satellite Radio's proposed $5 billion buyout of rival XM Satellite Radio Holdings, saying the deal was unlikely to hurt competition or consumers. The transaction was approved without conditions, despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
[More...]
Friday - March 7, 2008
CBS Radio is hoping to step up its Internet presence through a deal it announced Friday with AOL. CBS, the second-largest radio broadcaster in the U.S., plans to offer advertising-supported streams from 150 online radio stations to listeners free of charge over AOL's online radio portal.
[More...]
Friday - February 29, 2008
XM Satellite Radio Holdings announced double-digit growth in revenues and its subscriber base despite Congressional foot-dragging in regard to its potential merger with rival Sirius Satellite Radio. The company's revenues increased 22 percent in 2007 to $1.1 billion, driven in large measure by its 18 percent growth in its subscriber base, to more than 9 million subscribers.
[More...]
Friday - February 22, 2008
This week marked the anniversary of the announcement that the satellite radio firms Sirius and XM plan to merge, yet so far the companies have not been allowed to consummate the marriage. That's because regulators are standing in the way, backed by well-heeled Washington lobbyists out to prove that ridiculous ideas still have an impact if they come with dollar-sign attachments.
[More...]
Wednesday - November 28, 2007
There's no denying that seismic changes are afoot in the music industry. As the record labels engage in bitter battles over copyrights, artists are increasingly turning to alternative means of releasing music and reaching their fans. Prince chose to give away his latest album, "Planet Earth," for free; Radiohead opted to let fans pay what they want.
[More...]
Tuesday - November 13, 2007
XM and Sirius on Tuesday took two key steps closer to having their merger finalized as shareholders from both companies gave their blessing to the deal, which is still awaiting regulatory approval. Sirius shareholders voted at a special meeting to amend the company's certificate of incorporation to allow the merger.
[More...]
Monday - November 12, 2007
The world of commercial radio is getting ever more homogenized, as media giants are running thousands of stations in hundreds of markets with remarkably similar formats and playlists. On the other hand, specialized radio services have begun offering increasingly particular formats and programming options.
[More...]
See More Articles in Radio Section >>
Headline Feeds
Sign Up for Business and Technology News Alerts
