Jack Satterfield dead at 78

The National Association of Media Brokers reports that Jack Satterfield died last week (8/11) at age 78. Satterfield was a co-founder of the Satterfield & Perry broadcast brokerage firm and served as its President from February 1989 to January 2004.

Belo sees advertiser refund tab at 26 million

Belo Corporation has been tallying up what it's going to cost it to compensate advertisers for the company's overstatement of circulation counts at the Dallas Morning News (8/10/04 TVBR Daily Epaper #155). Belo says it will take a pre-tax charge of 26 million dollars in Q3, which works out to 14 cents per share. The company figures it will have to make cash payments of approximately 23 million to overcharged advertisers. The additional three million is for the cost of cleaning up the problem. In addition to the Q3 charge, Belo says it will incur about four million in incremental newsprint expenses - - mostly in Q4 of '04 and Q1 of '05 - - for advertising credits that will be given to the shortchanged advertisers.

Hurricane PSAs available today

Disaster relief PSAs from the Florida Association of Broadcasters are being made available today by the NAB. The spots feature Florida Governor Jeb Bush. NAB is also distributing PSAs from the American Red Cross and the Salvation Army. The radio spots may be downloaded at www.nab.org and the TV spots will be distributed today by satellite.

BCFM sets session on collections

BCFM's Broadcast Cable Credit Association subsidiary has scheduled a distance learning seminar on "Essential Collection Tools and Techniques" for September 9th at 4:00 pm. The presenter will be Michael Dennis, a partner in the credit consulting firm Credit Services Co. For information, go to the website www.bccacredit.com or call 847-296-0200.

MSNBC.com to launch classifieds

MSNBC.com announced the creation of MSNBC Classifieds (Classifieds.MSNBC.com), a comprehensive online trading post that includes five categories with high-profile partners including CareerBuilder.com, Cars.com, eBay, HomeGain.com, Match.com and Expedia.com. Categories include Jobs, Real Estate, Cars, Personals, Travel and Merchandise.

With "MSNBC.com continues to build its brand as the one of the top sources for

news online," said Charlie Tillinghast, GM/Publisher of MSNBC.com. "The classifieds are one area of print news that has not yet made the boundary-free leap to the Internet. MSNBC classifieds will let users quickly search the entire Internet community, not just their own backyards."