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Angry shareholders at ACME

ACME Communications reported that Q4 revenues from continuing operations increased 8% to 8.4 million bucks. That was largely due to the inclusion of “The Daily ...
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Liggins has plans for that dough

What is Radio One going to do with the cash from its 137.5 million bucks sale of KRBV-FM Los Angeles to Bonneville International? CEO Alfred ...
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Continuing the “Bear” essentials

The sector is so out of favor that the entire contingent of Wall Street analysts focused primarily on broadcasting stocks could easily fit in a single New York City taxi. ...
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Satellite radio subscribers slip

The two satellite radio companies operating in the US may be burning through cash like Eliot Spitzer in a hotel room, but at least they’re ...
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Clear Channel tender bumped again

Players are not talking so the only thing we can say for sure is that if the deal doesn’t close, there will be lawyers racing to the courthouse to sue someone....
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Clear Channel has everyone guessing

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Will the 26.7 billion bucks buyout close next week, or won’t it? Rumors are flying that some of the lenders want out. But Thomas H. ...
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Gores Group invests more in WW1

Westwood One announced that Gores Group has closed the second tranche of its investment in WW1. It bought an additional 7,142,857 shares of WW1 stock ...
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Clock ticking for Interep

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A blog item on adrants.com prompted our interest yesterday. It recounted word from a “tipster” that Interep would be filing bankruptcy within the next month. Knowing that Interep’s 99 million bucks in outstanding bonds aren’t due until July 1, we at RBR/TVBR put in calls to Interep executives. ...
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Clear Channel tender pushed back

It now looks like closing of the deal to take Clear Channel Communications private won’t be this week. The company’s bond tender, which had been ...
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Bargain basement sale of Bear Stearns

The share price of Bear Stearns & Company plunged 47% on Friday to close at 30 bucks amid worries that the investment banking and brokerage ...
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DG FastChannel raising cash

Lenders have stepped up to the plate to provide DG FastChannel with new senior debt facilities totaling 145 million bucks. The lending consortium was arranged ...
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Lenders give Cumulus buyout thumbs up

Cumulus Media said in an SEC filing that members of its lending group holding more than 50% of its debt have given their consents to ...
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Q4 down quarter for Gray

Gray Television had some changes in its station portfolio from one year to the next, so Q4 revenues on an "as reported" basis were down ...
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Debut makes its debut

Yesterday marked the first quarterly Wall Street conference call for Debut Broadcasting, which just this week announced the purchase of its sixth and seventh radio ...
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Moody’s turns negative on Univision

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RBR/TVBR wasn’t the only one to notice that Univision is coming up well short of its projected 500 million bucks from divestitures. Moody’s Investors Service affirmed its debt ratings for the Hispanic media giant, but changed its rating outlook to negative....
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