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In a press release from PR Newswire, CBS reported that radio revenues for the third quarter of 2008 decreased 12% to $392.5 million from $445.7 million for the same prior-year period, reflecting weakness in the advertising market and the impact of radio station divestitures. On a same station basis, Radio revenues declined 11% from the third quarter of 2007.


Radio OIBDA and operating income for the third quarter of 2008, in each case
before imp...

Spanish Broadcasting System, Inc. (SBS) today announced that on October 24, 2008, the Company entered into a letter agreement with BC Media Funding Company II, LLC ("BC Media") for the early extinguishment of the $18,500,000 non-interest bearing promissory note due January 2, 2009 (the "Note"). SBS says they received a $150,000 discount for paying the note early. The Company used cash on hand and $15.0 million of proceeds drawn down from the rev...

Clear Channel reported this morning that spending on national political spots on their stations is up 98% over 2006.  They also show that total political spending from all areas increased 48% compared to 2006 and 54% compared to 2004.  The report says that local political spending increased 8% compared to 2006 and 48% compared to 2004. The release says that all 800 plus Clear Channel stations, both on-air and on-line are showing the increase and...

"The Fairness Doctrine has no place in our First Amendment regime. It puts the head of the camel inside the tent and enables administration after administration to toy with TV or radio in order to serve its sordid or its benevolent ends. ...Under our Bill of Rights people are entitled to have extreme ideas, silly ideas, partisan ideas. The same is true, I believe, of TV and radio."

(Supreme Court Justice William O. Douglas)

Here's an interview wit...

Politicians from the Presidential candidates down to the local school board are using whatever advertising they can to persuade the voters they're the best candidate as the election looms only a week away.  Much has been said about Youtube, blogs, etc as the new way to get votes.  But, when candidates have looked at their budget and decided on the best value, this season it's more about radio than ever before.  Jill Lawrence of USA Today has don...
This past Friday Interep, one of two major national radio rep firms  filed a motion in Bankruptcy Court to convert its bankruptcy Chapter 11 status to Chapter 7 liquidation in order to pay off the company's debtors. This leaves Katz as the only major radio rep firm in the U.S.  Interep has been in business since 1980, an outgrowth of McGavren/Guild, a rep firm started by Daren McGavren and Ralph Guild in the early 1950's. Interep has been in fin...

Tampa-St Pete is the latest market to see cuts at CBS owned stations. This included the firing of 20 people at WRBQ, WLLD-FM, WQYK-AM, WQYK-FM, WYUU-FM, and WSJT-FM where most of the on-air personalities were let go (Alicia Kaye, George Nix and Al Santana). It also includes 52 year old disc jockey "Marvelous Marvin" Boone at WRBQ...Boone had been with the station for 8 years and had hosted the 10-3pm slot there...DJ RIco Blanco takes his place. ...

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CLEAR CHANNEL RADIO SECURES TOP PROGRAMMING TALENT TO LONG-TERM CONTRACTS; EXPANDED ROLES FOR FOUR

Darren Davis, Brad Hardin, Clay Hunnicutt, Phil Hunt and Tom Poleman Promoted
Alfredo Alonso, Tom Owens, Gene Romano, Alan Sledge Sign Multi-Year Contracts Along with Senior Programming Team

Clear Chan...
Just two years after reviving KFRC on 106.9/FM, CBS has dropped the format and will simulcast their all news station, KCBS-AM.  Reportedly, that also means the exit of some 8 staff members at KFRC-FM including its most popular personalities, Dave Sholin, Celeste Perry, Sue Hall andJay Coffey.

The San Jose Mercury news quoted market market Doug Harvill who explained..."Thisis part of our effort to make KCBS available on as many platforms asp...

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