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Fidelity cuts Clear Channel stake

Once the largest institutional shareholder of Clear Channel Communications, FMR Corp., parent of the Fidelity Mutual Funds group, has been selling off most of its ...
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Tribune cuts borrowing

Tribune Company still has lots of cash flow, so it is tapping cash on hand to reduce the amount it needs to borrow to finish ...
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Analysts worry about ad slowdown

Even with a big political year on the horizon, two Wall Street analysts have cut their 2008 estimates for broadcasting stocks, citing concerns about advertiser ...
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Belo, Media General to spread the wealth

You still have time to get in on this. Shareholders in Belo Corporation, with Series A or Series B stock, as of 11/16/07, stand to ...
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Emmis tees up Q2 call

Emmis operates on a different schedule than just about everybody else. For starters, while others get set to deliver Q3 results, Emmis is just completing ...
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Uh oh: Another downsized forecast

BMO Capital Markets analyst Leland Westerfield has knocked the overall ad spending projection for 2007 from growth of 3.4% to 2.6%, and he's taking 2008 ...
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Revenues down 2.4% for Allbritton

Fiscal Q3 (April-June) revenues declined 2.4% to 58 million bucks for Allbritton Communications. As you would expect, most of that was due to a sharp ...
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Strong quarter for Univision

It's not political revenues, but soccer that made for tough comps at Univision. Q2 net revenues were down 6.9% over all to 562.2 million, but ...
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DG FastChannel Q2 revenues up 43%

DG FastChannel, a provider of digital media services to the advertising, entertainment and broadcast industries, reported Q2 revenue of 21.7 million compared to 15.1 million ...
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Saga Q2 net income relatively flat

Saga Communications reported Q2 net operating revenue increased 1.8% over the comparable period in 2006 to 38.4 million and operating income was approximately flat at ...
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Citadel glides on the red side of even

ABC Radio assets officially became a part of Citadel Broadcasting, and adding their Q2 2007 results into the pot brought the company's net revenue total ...
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Retrans translating into big bucks for Nexstar

You've heard a lot in recent years about developing new revenue streams for television companies. Well, those streams are real - and growing. Nexstar CEO ...
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Double digit quarter for News Corporation

News Corporation closed out its fiscal year in fine form, with fiscal Q4 (April-June) posting net income from continuing operations of 1.2 billion bucks, up ...
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Salem to pay special dividend

For the second time ever, Salem Communications announced that its board of directors declared a special cash dividend on the company's stock. Salem will pay ...
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Nexstar struts its stuff

If dealing with potential buyers of his company distracted Perry Sook in any way from operations, it certainly didn't show in the Q2 results that ...
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