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WALL STREET

Debut lays out growth plans

Debut Broadcasting Corporation, one of the tiniest public companies in broadcasting, reported that Q3 revenues were 834,270 bucks, down 3.8%. The company said that was ...
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SWMX looks at sale, other options

SWMX announced that it had amended its loan agreement with BlueCrest Capital Finance. Both the existing three million bucks loan and a new revolver for ...
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Radio's doldrums likely to continue

Wall Street analysts were not surprised by the 1% drop in radio revenues for August (10/11/07 RBR #199), nor are they encouraged by what they ...
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Sinclair goes shopping

In yet another investment outside broadcasting, Sinclair Broadcast Group announced that it had purchased, through an 80% owned subsidiary LLC of Sinclair Investment Group LLC, ...
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Downgrade for Radio One

Moody's Investors Service said it had downgraded Radio One's Corporate Family Rating to B1 from Ba3 and its 800 million bucks secured credit facility to ...
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Journal sets share buyback

The Board of Directors at Journal Communications has given management a green light to buy back up to five million shares of the company’s stock ...
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Time to meet The Street

Westwood One holds a conference call with Wall Street analysts this morning to answer their many questions about last week's renegotiated deal with CBS (10/4/07 ...
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More doubts about radio groups

Several Wall Street analysts came out with updates yesterday cutting their estimates for Emmis, following last week's quarterly conference call. One also reduced estimates for ...
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Time to meet The Street

Westwood One holds a conference call with Wall Street analysts this morning to answer their many questions about last week's renegotiated deal with CBS (10/4/07 ...
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Dissidents on News Corp. ballot

When shareholders of News Corporation hold their annual meeting October 19th, they'll be voting on some routine items, plus two proposals that are opposed by ...
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Another non-media investment for Sinclair

Sinclair Broadcast Group has made another investment in real estate, putting 3.1 million into two apartment complexes. Sinclair now has a 9.75% stake in the ...
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Moody’s cuts Tribune ratings

Moody’s Investors Service has cut its debt ratings for Tribune Company, in light of the expected closing of a buyout of public shareholders by Sam ...
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Clear Channel begins cash tender for bonds

While Wall Street traders continue to worry about the private equity buyout of Clear Channel going to closing, the company and its buyers to be ...
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Citadel slumped in Q3

Citadel Broadcasting CEO Farid Suleman made no bones about being disappointed in Q3 revenues, which were down 3.6% on a pro forma basis to 240.2 ...
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Entercom sails through choppy seas

Radio group Entercom navigated a difficult Q3 on more or less an even keel; net revcenue was up 8%, to 123.1M, but same station operating ...
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