Wednesday Morning June 22nd, 2011, Volume 28, Issue 122
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 Jeff Smulyan will use sale to refinance Emmis (audio)
Emmis Communications CEO Jeff Smulyan says it is painful to sell three of the company's big market stations but it was necessary so Emmis can do a refinancing. He's hoping that Randy Michaels will build Merlin Media into a big company, which is why Emmis is taking equity in Merlin as part of the deal with Michaels and the GTCR private equity group.
RBR-TVBR observation: It is a very complicated deal, but gives Jeff Smulyan what he has to have - a way to refinance Emmis. From our point of view, radio is always more fun when Randy Michaels is in the game. We're trying to imagine Randy sitting around smoking cigars and playing poker with Reed Hundt, but that image just won't focus. Hey, maybe the ex-Chairman has changed! More...
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Ideas Working Now ™
The set top box CHEAT SHEET
By Pat Liguori, SVP, Research & Electronic Measurement, ABC Owned Television Stations and Chair of the Council for Research Excellence's Set Top Box Committee
It's been 13 months since the Council for Research Excellence (CRE) issued the first-of-its kind white paper on the use of set-top boxes (STB) for audience measurement. The intent of the paper was to bring to the industry knowledge of this burgeoning measurement tool, about which little was known at the time. Despite all that's been published and presented, many within our industry have yet to avail themselves of these materials. See the "cliff notes" at RBR.com. More...
Review all Features at RBR.com
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Stock prices surged on Tuesday - 6/21/11
Growing confidence that Greece won't default on its national debt spurred optimism and stock buying on Wall Street Tuesday. The Dow Jones Industrial Average rose 110 points, or 0.9%, to 12,190. Broadcasting stocks also had a good day, no doubt helped by the M&A action at Emmis. The RBR Radio Index was up 8.141, or 2.4%, to 348.279. The TVBR Television Index was up 15.012, or 6%, to 266.615. More...
Review all Broadcast Stocks News at RBR.com
Winners |
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Losers |
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| ACME |
+19.1% |
Beasley |
-5.7% |
| Gray |
+8.6% |
Westwood |
-1% |
CC Media |
+7.7% |
Entercom |
-0.4% |
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For additional reports, ideas, analysis, interviews, and
RBR/TVBR Observations...visit and bookmark www.RBR.com
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Only On RBR.com
The set top box
CHEAT SHEET
Bringing the industry knowledge
Media Markets & Money
Placing Your Trust
in a Trustee:
Spinning off Stations
Washington
Business Report
Cross-ownership waivers
Extended for another 3 months |
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TV promotions
Univision announced that it has promoted veteran broadcast journalists Sandra Thomas to the newly created position of senior director of Local and Affiliate News for Univision News, based in San Francisco, and Marco Flores to news director for KMEX-TV LA.
Now in Orbit
Sean Trigony, formerly VP of Sales at Myxer, joins Wide Orbit as General Manager of WO Central.
Mr. Cable
The Cable Center's board of directors has elected Jerald L. Kent, President and CEO of Cequel III, as its new Chairman. He succeeds Michael Willner, who will continue to serve on the Executive Committee.
Upped at NRG
NRG Media has named Andy Ruback, market manager in Lincoln, NE, and Bruce Kropp, market manager in Salem, IL, to newly created posts as Digital Media Directors - part of the executive team.
Univision ups Ruiz
Univision Communications has promoted Roberto Ruiz to SVP/Brand Solutions in its Client Development Group.
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Dingell on spectrum / FCC's eyes Bloomberg/Comcast
6/21/11 RBR-TVBR #121
Pandora's Street debut a bust / Wyoming backs TV
6/20/11 RBR-TVBR #120
'P' puts egg on NYSE face / Trader hangover
6/19/11 Sunday edition
How Radio listeners
use TV by format
6/18/11 Saturday edition
Pandora IPO busted / Freedom sale to square one
6/17/11 RBR-TVBR #119
Fox dumps two more Nexstar-owned affiliates
Having already moved its network affiliation in Evansville, IN after failing to come to renewal terms with Nexstar, Fox has now announced affiliation deals with new stations in two more markets to displace Nexstar stations.
RBR-TVBR observation: Is it disloyal of Fox to abandon affiliates who helped build its fledgling network to #1 in the key 18-49 demo? Sure, but then it was disloyal of many stations to dump ABC, CBS or NBC in favor of Fox back when it won NFL rights in 1993.
6/21/11 RBR-TVBR #121
Oaktree sets its
sights on NYSE
RBR-TVBR observation: As we noted earlier, this is not a signal that radio companies are headed back to Wall Street. It's a signal perhaps that financial management companies are headed there, and Oaktree will soon have company from Carlyle Group within that sector. But radio makes up a tiny percentage of its portfolio, so this cannot be seen as a radio stock offering.
6/21/11 RBR-TVBR #121
MMTC cites format study to call for FCC ownership study
A research effort by a college professor shows that the more radio stations there are serving a minority group, the more listening there is from that group. Details on the study at RBR.com.
6/21/11 RBR-TVBR #121
John Dingell queries FCC on TV spectrum studies
RBR-TVBR observation: Dingell has made no secret of his skepticism about the entire spectrum reclamation proposal. That is good news for television broadcasters, who could hardly ask for a more forceful and tenacious congressional watchdog.
6/21/11 RBR-TVBR #121
How radio format
fans use television
Among the many things you can find in the vast data stores maintained by BIGresearch is the way that consumers use media. RBR-TVBR did a check and see what fans of a particular type of music are watching in numbers, as well as what they are steering clear of. Exclusive results at RBR.com.
6/21/11 RBR-TVBR #121
ACME distributing some cash to shareholders
Now down to three stations after closing on sales of three others, ACME Communications is distributing some of the cash proceeds to its shareholders as a special dividend. The company also reported that revenues for its remaining stations were up in Q1. Financial details at RBR.com.
6/21/11 RBR-TVBR #121
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