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Volume 23, Issue 110, Jim Carnegie, Editor & Publisher

Tuesday Morning June 6th, 2006

Radio News ®

April radio results "significant miss"
That's the view from Wachovia Securities analyst Marci Ryvicker, who looked at the RAB numbers and cut her 2006 forecast to a gain of only 0.7%. And she warns this may not be the last time she cuts her estimate for radio revenues. Ryvicker had expected April revenues to be down 1%, but what RAB reported late Friday was a 4% decline. "National falls off a cliff and local isn't too far behind," Ryvicker said in her analysis of the Arpil results. She noted that national dipped 7% "despite a very easy comp of -2%" and local didn't fare much better, dropping 4% against a flat month in 2005. Those numbers, she said, explain why Q2 guidance from pure-play radio companies was disappointing, or, in some cases, not even offered. Is business going to get better? "During the May earnings season, many pure-play operators deemed Q2 the 'bottom' for radio. We would like to agree as the April numbers show this may be the case. However, other than easy comps from political races, New Orleans and Home Depot, we don't expect core demand to improve much in the second half. There continues to be a lack of demand, declining CPPs and a weak auto category," the analyst told her clients. Other than the Spanish niche players, Univision and Entravision, Ryvicker isn't recommending any radio stocks. She is now looking for the industry to post a 1% drop in Q2 revenues, down from her previous +1% estimate. She is still maintaining a positive number for all of 2006, but not by much - forecasting a 0.7% revenue gain, down from her previous 1.3% estimate. But Ryvicker warns that this may not be the last time she has to reduce her radio forecast.

RBR observation: Ryvicker hasn't gone quite has far as her Lehman Brothers counterpart, Anthony DiClemente, who on Friday lowered his 2006 radio forecast into negative territory (6/5/06 RBR #109) - but she is not far off. 0.7% is not much of a gain and it won't take much for Ryvicker to move her forecast into negative territory. The worry is not that Wall Street is finding fault with radio - it is that the weakness is real and there is no sign of any catalyst to improve the situation. Friday's April numbers were worse than anyone had expected and there's no indication of a big bounceback in May. Whatever political windfall comes in the second half is not going to be enough to counter the ongoing weakness in automotive, lack of pricing pressure (despite full implementation of Clear Channel's Less is More) and increased ad spending on the Internet, which is taking share from radio, TV and other "old media." The idea that 2006 would be a relatively easy comeback year against 2005's easy comps has been proven wrong - and 2007, with no Olympics or election, is not looking pretty unless something surprising develops.

Will indecency gets its day today?
The buzz for the past couple of weeks has been that the House of Representatives will take the path of least resistance and give the rubber stamp to the Senate version of the Broadcast Decency Act. A quick vote will avoid the backroom machinations of a conference committee and quickly get something together that can be forwarded to the White House for the signature of George W. Bush. The Senate bill is the lesser of the two versions, raising maximum single-incident fines ten times to 325K rather than 500K, and minus numerous bells and whistles. Among other things, the House version would have mandated license revocation hearings for repeat offenders, would have extended punitive jeopardy beyond licensees to the actual perpetrators of the indecent act.

RBR observation: If the FCC continues its policy of issuing multiple fines to affiliates when an indecent incident occurs over a network, it will not take long for the totals to go into the stratosphere. A three station hit will be a mere 25K south of 1M. It could cost 65M to say @#$% over a 200-station web.

Adelphia sells Jones stock; End finally near?
The long, drawn-out bankruptcy break-up of Adelphia Communications may finally be near the finish line. In a little noticed move, a federal bankruptcy judge in New York allowed Adelphia to sell a radio asset that few people even realized it had: 374,632 shares of Jones Media Networks. The 2.7% stake in Jones was sold back to the company for about 1.9 million. Adelphia long ago sold its only radio station, then called WNSA-FM Buffalo, NY, to Entercom for nine million (3/9/04 RBR #47). Meanwhile, the much, much larger sale of Adelphia's cable systems to Comcast and Time Warner Cable for 17.6 billion is on track to close by the end of this month. The bankruptcy judge refused to hold up the sale because of an antitrust lawsuit filed by The America Channel, a small, independent company that is developing a new cable channel. Having failed with the bankruptcy judge, it is heading to a federal court today seeking an injunction against the sale to Comcast and Time Warner.

Inventory down only slightly in May
Now that Clear Channel's Less is More effort has lapped itself, Harris Nesbitt analyst Lee Westerfield has been expecting radio inventory levels to level off. Indeed, based on data from Media Monitors, Westerfield finds that radio commercial time contracted only 0.8% in May for the top 10 markets. "The findings for May, though not strong in absolute terms, suggest a relative improvement versus declines in both commercial time and advertising in each of the prior three months. As importantly, our breakdown of :30 and :60 inventory shows no sign that radio operators relaxed their grip on commercial loads - we believe May revenue increased, if modestly, by +2%," Westerfield said.

Hollander denies rumor of Carolla's exit
Yesterday at a CBS Radio GSM meeting in Phoenix, CBS Radio CEO Joel Hollander told attendees the rumors that Adam Carolla may only have a month or two left are untrue. "The story was inaccurate - don't believe everything you read" was the statement.

RBR observation: Hollander is on the record. We must remind all the same rumors were true on Dave Lee Roth, who by the way was on Fox News Channel with Neil Cavuto yesterday stating his issue is in the hands of the lawyer - same lawyer that represented Howard Stern.

Ad Business Report TM

Flights of flights: Airlines on airwaves
According to 24/7 data from Media Monitors, the airline carriers ran the most commercials on North American radio stations between 5/29 and 6/4. Some highlights from the report:
| Read More... |

Volkswagen names Lifestyle PR
as Agency of Record
Volkswagen of America has appointed MWW Group as its lifestyle and entertainment PR AOR. In this role, MWW Group will manage national lifestyle and entertainment media relations initiatives for the Volkswagen brand in the U.S. market. "It's time to expand our public relations outreach efforts in lifestyle and entertainment media," said Kerri Martin, director of brand innovation, Volkswagen of America. "MWW Group has a successful track record with other iconic brands and has a demonstrated ability to translate a brand's business goals and objectives into creative public relations strategies and programs."

Media Business Report TM

Pumping in the programming
It is just possible that you are not getting enough video content in your life. If you feel that way, you will be glad to know that one venue which traditionally has not been home to a television screen is about to get one, if Gas Station TV has anything to say about it. GSTV will place a 20-inch high-def screen right into a gas pump, reaching a hitherto unreachable and briefly captive audience. ABC is providing "News You Can Use" segments and local traffic reports, and AccuWeather forecasts will be featured. Murphy Oil USA has agreed to take on the service at its stations (often found in Wal-Mart parking lots), gas station equipment manufacturer Gilbarco has agreed to distribute them and Delphi Display Systems will be contributing some of the technology. The television stations will focus on entertainment and informational programming and will provide "unique advertising opportunities to the gas retailer marketplace."

MBR observation: The only flaw we can see in this business model is that by the time consumers are done paying for gas, they will not have enough money left over to buy whatever it is that is being advertised. Also, we are beginning to wonder exactly where we will be able to go where there is not a television monitor as we plunge forward into the 21st Century. Are those guys who are selling their foreheads for logo tattooing eventually going to have flat-screen televisions surgically implanted? We cannot wait to see where TV turns up next.

Media Markets & Money TM

Price revealed on Red Zebra's Richmond romp
Washington Redskins honcho Dan Snyder will be extending his network of O&O radio stations with an AM station in Richmond VA. We now know that seller Gee Communications will be getting 1.4M cash for the standalone Sports outlet. The information comes from paperwork filed at the FCC. David Gee will have to avoid competing with the station for a year. An LMA was scheduled to begin 6/1/06.

Univision deadline reportedly pushed back
Univision is giving would-be buyers an extra week and a half to put their bids together, according to wire service reports. Both Bloomberg and Reuters quote sources close to the bidding as saying that the previous deadline of Thursday, June 8th - which had never been publicly confirmed by the company - has now been extended to Tuesday, June 20th. At least two groups are known to be putting together bids for the US Spanish media giant - Televisa, with backing by one group of equity funds, and media mogul Haim Saban, as part of a competing group of equity funds. Univision Chairman Jerry Perenchio is believed to be seeking 13 billion or more for the company.

Washington Media Business Report TM

Look for slow kick-off to FCC ownership review
According to reports, the initial FCC action on the Third Circuit remand of media ownership rules under Chairman Kevin Martin will be to decide to decide. A neutral proposal to begin study and solicit comments from stakeholders and the public is the likely first step. The two Democrats, Michael Copps and Jonathan Adelstein, can be expected to revive their road show of public hearings. What will be interesting will be just how much of this activity will be supported by Martin in the FCC budget and how many such sessions will be attended by Martin and the other Republicans, Debi Tate and newcomer Robert McDowell. It is also likely that Martin will not try to repeat the Michael Powell strategy of taking the various parts of the ownership rulemaking and crafting them into a whole, but to instead consider each piece separately so that one problem area does not carry down items that might well survive if considered on their own. Martin has indicated many times that in his view restrictions currently in place on cross-ownership of newspaper and broadcast properties are in need of loosening. It has been widely anticipated that Martin will make cross-ownership the first chunk of the 6/2/03 rulemaking to receive serious consideration.

RBR observation: The road ahead will once again be long. It takes time to prepare studies. It takes time to collect public comments, and then reply comments, and in matters of high interest and importance, it seems more often than not the deadlines for both end up being extended. The activist groups whipped up by Copps last time are fully aware of what the FCC is doing, and they can be counted on to make a lot of noise again. In the Senate, Byron Dorgan (D-ND) can be counted on to pay strict attention to what the FCC is doing, and will be joined in equal measure by Maurice Hinchey (D-NY) in the House. So send in the clowns, ladies and gentlemen. Media ownership will no doubt once again be a media circus, in the trade press for sure and to a surprisingly high degree in the general press. Stay tuned...

Entertainment Media Business Report TM

World cup gets FM outlet in LA
With the World Cup soccer championships kicking off June 9th in Germany, Entravision is looking for it to be a big draw for listeners in Los Angeles, the largest Hispanic market in the US. For the first time the World Cup broadcasts are going to be carried on an FM station, KLYY-FM, in the LA market. Entravision is also putting the games on KQRT-FM Las Vegas, KZMP-FM Dallas and KSVE-AM El Paso, TX. National and local sponsors include McDonald's, Coca-Cola, Home Depot, Budweiser, Best Buy and Verizon Wireless. The Spanish radio broadcast of the 2006 World Cup competition is being syndicated to more than 80 markets by Futbol de Primera.

Internet Media Business Report TM

Online newspaper ads jump 35% in Q1
Ad expenditures for newspaper websites increased by 34.9% to 613 million in Q1 versus the same period a year ago, according to preliminary estimates from the Newspaper Association of America. Print and online expenditures together totaled 11.1 billion for Q1, a 1.8% year-over-year increase. Spending for print ads in newspapers totaled 10.5 billion, up 0.3% versus the same period a year earlier led by strong gains in real estate advertising. Among the print categories, classified advertising was up 4.7% to 3.8 billion, retail ad spending was down slightly by 1.0% to 4.8 billion, and national advertising was down by 4.8%, coming in at 1.7 billion. Within the print classified category, real estate advertising climbed 26.3% to 1.1 billion; recruitment advertising increased 2.4% to 1.1 billion. Automotive was down 14.5% to 940 million. All other classifieds were up 11.9% to 702 million.

RBR observation: Understanding the world of electronic media is not complex, only complex if you are not there and still in 2003. So far this year RBR has heard a lot of talk about using websites, electronic media, multi-platforms. Newspaper has grabbed this quickly so CEO's running these radio groups this is your last year to get on board or other media will pass you by. Do not believe us then scroll back up to the first story this morning and see how Wall Street is projecting radio's revenue growth.

SmartSMS to provide text messaging services to AD/MAX
Smart SMS Corp. CEO Gordon Lee announced the company has entered into an exclusive strategic alliance with AD/MAX, the media unit of Catalyst House, Inc. SmartSMS will provide premium mobile text-message marketing technology and services to AD/MAX's bundled merchant media campaigns. Once reserved only for big spenders like Coca-Cola, Nike, The Apprentice, and American Idol, the collaboration of SmartSMS and AD/MAX will provide premium text-message marketing with web-based control for small-to-medium sized Southern California businesses who can promote and brand their wares locally. AD/MAX bundled merchant media solutions combine quality exposure elements of both a local and worldwide Internet portal presence, along with local cable and radio spots, residential direct mailings, yellow pages, and barter-exchange commerce and economics. Strategic partners and media providers to AD/MAX and its LocalTender.com local search portal now include: Cox Media; ITEX Cashless Payment Systems; Matchbin, Creditz, XO Barter Software of New Zealand; Techspeed Software Solutions; XRAYMEDIA; Springboard Capital and TVA Capital.

Ratings & Research

Nielsen Sports offers a deeper look
into sports sponsorships
Nielsen Sports released a comparative analysis that lets sports franchises and sponsors evaluate the effectiveness of sponsor-placed media across multiple sports. The analysis, which is based on measurements from Nielsen's Sponsorship Scorecard service, compares the top three sponsors in four major sporting events during the past year, including the NASCAR Daytona 500, U.S. Open Men's Final, NFL Super Bowl and NCAA Rose Bowl. Sponsors were ranked by average number of televised impressions per hour among viewers ages 25-54. Sponsorship Scorecard enables clients to gauge their ROI by matching impressions across different sports. For example, the number one sponsor at the U.S. Open Men's Final, JPMorgan Chase, achieved 162 million impressions per hour compared to the Super Bowl's top sponsor, Motorola, which achieved nearly the same at 157 million impressions. Also of note are Lowe's Home Improvement and Citibank, the top sponsors in the NASCAR Daytona 500 and the NCAA Rose Bowl respectively, which achieved 110 million and 95 million impressions respectively. Sports franchises and sponsors can also determine which in-stadium locations provide the greatest number of impressions during events. In the case of the U.S. Open Men's Final, JPMorgan Chase's brand appeared on both end court and arena stadium ads. However, the end court ad location generated more impressions than the arena stadium ad (461 million vs. 7 million).
| See the charts here |

Editor's note: July RBR-TVBR Solutions Magazine - our Annual Sports Media and Marketing issue. This year, AND1 Brand Marketing Manager Taylor Duffy talks about marketing and branding his company's basketball shoes with radio, television and the internet; Emmis Sports Marketing's David Barnett on making money off of sports programming. Have an idea working and like to share in the voice contact Carl Marcucci [email protected] For Ad Space reservations contact Jim Carnegie [email protected] or June Barnes [email protected] Solutions Magazine 15,000 copies mailed to Radio and TV executives - share in the voice of RBR.

Mass transit consumers studied
Scarborough Research released an analysis of Mass Transit Users - those consumers who use subways and railway systems in cities that have these transit options as measured by Scarborough - and Power Pedestrians, or people who do a significant amount of walking in towns and cities. The analysis finds that this often overlooked consumer group has unique targeting value for marketers.
| Read More... |

Sales

Interep renews partnership
with Vibes Media
Interep has extended its partnership and agreement with Vibes Media -a leading Mobile Marketing company in the US - to help advertisers enhance their brand through integrated radio and mobile media campaigns. Said Sheila Kirby, President of Strategic Sales Development for Interep: "By incorporating mobile media into a radio buy, marketers can create one-on-one engagement with their consumers on an entirely opt-in basis without sacrificing the awareness levels that can only be achieved through mass media. Radio is the call-to-action that activates a mobile marketing program. Awareness, engagement, and the instant ROI measurement that cell phone interactions make possible, render this type of campaign extremely valuable to marketers." Interep recently completed a radio/text messaging campaign for Arm & Hammer's Close Up brand. Vibes created a text game for Close Up based on the Rock Paper Scissors game, renamed "Rock Paper Kisses" that was promoted via radio in 37 markets and on-line. The radio spots invited listeners to play by text messaging the word "KISS." They were asked whether they would like to play against a male named Jack, or a female named Jill. Once they responded, they were asked to text message the word Rock, Paper or Kiss. Flirtatious response messages told them whether they had won or lost. Consumers, who could interact as often as they liked, averaged 21 messages per person.

Transactions

2M KORL-AM Honolulu HI from Hochman-McCann Hawaii Inc. (George Hochman, Elizabeth Bechtel Pearlman, William G. mays, Byron McCann) to Salem Media of Hawaii Inc., a subsidiary of Salem Communications Corp. (Stuart W. Epperson, Edward G. Atsinger III). Swap for KHCM-AM Honolulu. Salem will also pay 1M. KHCM-AM will apply for modification to reduce interference with Salem's KCBQ-AM Camarillo CA. Total value is an RBR estimate. Superduopoly with KGA-AM, KHNR-AM-FM, KAIM-FM, KHUI-FM. Principals will also swap call letters. [File date 5/11/06.]

1M KHCM-AM Honolulu HI from Salem Media of Hawaii Inc., a subsidiary of Salem Communications Corp. (Stuart W. Epperson, Edward G. Atsinger III) to Hochman-McCann Hawaii Inc. (George Hochman, Elizabeth Bechtel Pearlman, William G. mays, Byron McCann). Swap for KORL-AM Honolulu. Salem will also pay 1M. KHCM-AM will apply for modification to reduce interference with Salem's KCBQ-AM Camarillo CA. Total value is an RBR estimate. Duopoly with KRUD-AM CP. Principals will also swap call letters. [File date 5/11/06.]

5K AM CP Wasilla AK from Thomas Sweeney to Charles Dunham. Cash. CP is for 1430 kHz, 1 kw-U, ND. [File date 5/10/06.]

Stock Talk

Fed chief sends stocks skidding
Comments by Federal Reserve Chairman Ben Bernanke raised worries on Wall Street of yet another rate increase later this month. The Dow Industrials plunged 199 points, or 1.8%, to 11,049.

Virtually all radio stocks were lower. The Radio Index dropped 4.434, or 2.8%, to 153.961. Among those hardest hit were Saga, down 6.6%, Beasley, which fell 4.5%, and Salem and SBS, each down 3.6%.

Radio Stocks

**Here's how stocks fared on Monday**
Company	Symbol	Close		Change	Company	Symbol	Close		Change
Arbitron	ARB		39.33	-0.69	Hearst-Argyle	HTV		22.00	-0.27
Beasley	BBGI		6.95	-0.33	Journal Comm.	JRN		11.45	-0.18
CBS CI. B	CBS		26.56	+0.13	Lincoln Natl.	LNC		56.75	-0.60
CBS CI. A	CBSa		26.56	+0.08	Radio One, Cl. A	ROIA		7.27	-0.23
Citadel	CDL		9.33	-0.22	Radio One, Cl. D	ROIAK		7.17	-0.25
Clear Channel	CCU		30.62	-0.54	Regent	RGCI		3.79	-0.36
Cox Radio	CXR		14.00	-0.50	Saga Commun.	SGA		9.66	-0.68
Cumulus	CMLS		11.46	-0.29	Salem Comm.	SALM		13.98	-0.52
Disney	DIS		30.74	+0.12	Sirius Sat. Radio	SIRI		4.26	-0.15
Emmis	EMMS		16.13	-0.44	Spanish Bcg.	SBSA		5.32	-0.20
Entercom	ETM		26.27	-0.67	Univision	UVN		35.70	-0.66
Entravision	EVC		8.03	-0.18	Westwood One	WON		8.37	+0.12
Fisher	FSCI		42.78	-0.34	XM Sat. Radio	XMSR		14.23	-0.46
Gaylord	GET		43.60	-0.79	-	-	-	-	-

Bounceback

Send Us Your Opinions We want to
hear from you.
This is your column, so send your comments and
a photo to [email protected]

Tom Joyner's "Jack of all trades" letter in Monday's RBR (6/5/06 RBR #109) is right on the money. Not enough people are being trained in all facets of radio, preferring instead to be just a jock, just a salesman, or just an engineer. Those who can do it all are a dying breed. Funny thing is, the corporate bean counter types who own the stations and the used-car salesmen they hire to run their radio stations are encouraging it. They don't want to hire anybody with multiple talents and a varied background. Is it because they perceive someone with vast radio knowledge as a threat to their own jobs?

Larry Fuss, President
Contemporary Communications LLC
Las Vegas, NV

Below the Fold

Media Business Report
Pumping in the programming
Is just possible that you are not getting enough video content...

Media Markets & Money
Price revealed on Red Zebra's
Richmond romp extending Dan Snyder's network of O&O...

Washington Media Business Report
Look for slow kick-off
To FCC ownership review...

Internet Media Business Report
Online newspaper ads jump
Websites increased by 34.9% to 613 million in Q1...

Arbitrends

Stations for Sale

For Sale - Metro Rank #31
Salt Lake City
50KW AM, New RF Equipment
The EXLINE Company
415-479-3484
[email protected]

Radio Media Moves

Lawyer hangs shingle
at Cumulus
Charlotte Lawyer has been hired to the position of Vice President of Audience Measurement at Cumulus Media and Cumulus Media Partners (CMP). She is the former Corporate Director of Group Research Services for Susquehanna Radio Corp., which was recently acquired by CMP. Lawyer will continue her leadership roles in the radio research community by serving as Cumulus' representative on the following industry committees: NAB Committee on Local Radio Audience Measurement (COLRAM), NAB COLRAM Arbitron Response Rate Committee, Radio Ad Effectiveness Lab (RAEL) Research Committee, Media Ratings Council (MRC), Arbitron Advisory Council, and the Clear Channel Rfp Evaluation Committee.

RBR Radar 2006

Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.

April drags 2006 into the red
At the end of the first quarter, radio revenue for 2006 was at par with 2005. That is no longer the case as weak results for April yanked total revenues into the minus column. Local was down 4%, and a three-month positive streak for the national category came to an end with a minus 7% performance. Once again, there is a flip side as radio stations continued to find new sources of revenue, resulting in an 8% gain in non-spot income. In the end, national and non-spot cancelled one another out.

RBR observation: A common theme during the latest round of conference calls, when looking ahead, was murkiness in the near term with positive signs for the second half of the year.
06/05/06 RBR #109

Analyst predicts 2006 decline
for radio revenues
Yep, you read that correctly. Most Wall Street analysts have ratcheted down their radio revenue projections more than once already this year, but now Anthony DiClemente at Lehman Brothers has moved into negative territory. Rather than his previous expectation that radio would be flat in 2006, he is now projecting a 1% decline in ad revenues - and he is also extending that minus 1% forecast to 2007.

RBR observation: Bam. If DiClemente is right, this is going to be a tough year. If you continue to do business as usual it is the usual red you will have. Do not follow the mega groups lead take your own stand locally and do what is best for your station and audience. Get creative as you will not know if something works until you try.
06/05/06 RBR #109

CCU gets class action suit
over concert competition
Hit with a lawsuit on Friday of violating antitrust laws by curtailing concert competition and hiking up ticket prices. The class-action suit, filed in Denver federal court, names CC Radio and former concert promotion unit Live Nation as defendants. The suit accuses CCU of limiting spins for musicians who used competing concert promoters and inflating musicians' fees, to exclude competitors from the market. It asks for unspecified monetary damages on behalf of all buyers of tickets to concerts promoted by the defendants from 6/98 to 12/05 in Colorado, Utah, New Mexico, Arizona, Kansas, Wyoming and Nebraska.
06/05/06 RBR #109

Analyst says LIM effect
is waning CBS in do-do
After reviewing the Winter Arbitron numbers, Lehman Brothers analyst Anthony DiClemente estimates that ratings for Clear Channel's sizeable portfolio of radio stations were down 0.9%, snapping a streak of five straight up books since beginning its "Less is More" campaign to reduce commercial inventory. .. Meanwhile, DiClemente found that ratings for stations that used to carry the Howard Stern Show fell off a cliff in the Winter book. "On average the revenue-weighted ratings for the former Howard Stern radio stations were down 39% year-over-year," CBS saw its ratings fall 8.6%. "The economic impact resulting from the loss of Howard Stern may continue to drive underperformance for CBS Radio revenues, which were down 6% in Q1 2006 in the context of the industry's revenue decline of 0.8%."

RBR observation: CBS Radio revenues, which were down 6% in Q1 2006 in the context of the industry's revenue decline of 0.8% - Ouch that has to turn when you sit. Like Less is More is now being compared to year to year. The upper brass at CBS will not be able to blame Stern for their under performing after the Spring books are out. CBS boss Les Moonves is already putting stations up on the block but reports coming back to RBR from a few potential buyers is some have never seen such deplorable conditions of stations in their radio careers. Plus the level of arrogance of the seller is also mind shaking. All we can tell these possible buyers is plan your work, work your plan and do it with passion or do not buy.
06/02/06 RBR #108

FCC upholds CBS Super Bowl fine
Saying that the half time show staged at Super Bowl XXXVIII by CBS was indeed indecent, the FCC has denied the group's plea for rescission of the 550K fine it was charged for the Janet Jackson wardrobe malfunction. Wrote the FCC, "The Order rejects CBS' claim that the halftime show was not indecent.."

RBR observation: The lines are drawn. Will CBS pay up or try to book a judge and courtroom? Stay tuned. By the way anyone remember who played in Super Bowl XXXVIII?
06/01/06 RBR #107

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