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Jim Carnegie, Publisher
Thursday Afternoon July 5th, 2007



PM Media News

Fairness Doctrine revival still alive?
That's what one industry watchdog says. Accuracy in Media's Cliff Kincaid called the bill just passed in the House and pending before the Senate largely symbolic and said it would in no way prevent reinstatement of the Fairness Doctrine after the 2008 elections are in the books.

Few takers for EMI offer
The second acceptance deadline passed with hardly any EMI Group shareholders accepting the 4.7 billion bucks buyout offer from the Terra Firma private equity group, so it has been extended again - to July 12th. Shareholders appear to be holding out in hopes of a higher bid from Warner Music Group, which has yet to actually make a bid.

Wicks affiliate buys trade pubs
NewBay Media, an affiliate of the Wicks Group of Companies private equity group, has expanded into the broadcasting trade publishing arena, buying IMUS Publishing on undisclosed terms. IMUS publications include Radio World, TV Technology and a number of related titles, as well as the show dailies for NAB and NRB.

Global entertainment, media spend
accelerated by convergent platforms

The global Entertainment & Media industry is experiencing sustained growth and will increase at a 6.4% compound annual growth rate to 2 trillion by 2011, according to PricewaterhouseCoopers Global Entertainment and Media Outlook. Digital and mobile spending in each territory during the next five years rising to 153 billion by 2011, says the report. And, spending related to the distribution of entertainment and media on convergent platforms (convergence of the home computer, wireless handset and television) will exceed 50% of global spend by 2011, reports The Center for Media Research.

More on these stories in Friday's RBR /TVBR Morning Epapers.

PM Radio News

WCBS-FM going back to Oldies
Word on the street is that WCBS-FM NY is heading back to Oldies next week. An RBR source says CBS Radio CEO Dan Mason mentioned this was one of the first things he'd do, after flipping 92.3 K-Rock back to Alternative, from "Free-FM." We assume all of the imaging and liners will return as well, hopefully along with as much of the original talent as possible.

KCRW reveals hidden details in SoundExchange offer
KCRW-FM LA's weekly music commentary, On The Beat, revealed that the new SoundExchange offer to webcasters concerning internet music royalties includes quid pro quos that the organization did not disclose. KCRW commentator Celia Hirschman reports that webcasters would have to agree to cease their lobbying efforts on behalf of the Internet Radio Equality Act and withdraw their legal motion for a stay on the per channel minimum issue. The deadline for paying the 2006 and 2007 royalties is 7/15.

More on these stories in Friday's RBR Morning Epaper.

PM TV News

Live Earth wall-to-wall this weekend
It will be hard for channel surfers to avoid "Live Earth: The Concerts for a Climate in Crisis" this weekend as NBC Universal spreads the broadcast from concerts around the globe across its broadcast and cable networks. Sundance Channel and Universal HD will carry the full 22 hours, with nearly as much, 18 hours, on Bravo. NBC will air a three-hour primetime special and Telemundo plans a one-hour special focusing on the top Latin acts. CNBC, MSNBC and Mun2 are also involved.

Consumers to foot the bill for new set-top boxes
Cable companies are supposed to be using new set-top boxes that use a special security cards which can plug into boxes provided by competing manufacturers, freeing consumers from renting the boxes from cable services without option. Although competition is supposed to either drive down prices or increase quality, it looks like the first think this new rule is going to do is swell consumers' monthly bill.

More on these stories in Friday's TVBR Morning Epapers.

Stations for Sale

Hispanic Stations-Connecticut
Two full-time established AM stations serving the Hartford & Bridgeport Markets. Contact Dick Kozacko, Kozacko Media Services 607-733-7138, rkozacko@stny.rr.com

Industry Jobs

Local Sales Manager
KFAN, Twin Cities, home of the Vikings and the leader in Sports radio has opening for a Sports Leader LSM. Minneapolis-St. Paul is a Top 20 Metro market (#16) and year after year, in quality of life studies, we are listed as one of the nation's best. Have what it takes to win when in the Red Zone then join our Sports Team and KFAN-AM 1130 as we go helmet to helmet. Qualifications and where to send resume, cover letter
see Radio Careers




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