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Volume 24, Issue 140, Jim Carnegie, Editor & Publisher
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Thursday Morning July 19th, 2007
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Radio News ®
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 Houston, we have the data
Arbitron released the first "currency" radio ratings from the Houston PPM service, bringing the second market into the era of electronic measurement, adding to Philadelphia. The June PPM survey, covering 5/31 through 6/27, has been delivered to subscribing radio stations, agencies and advertisers. Hispanic and African-American Radio Listening Highest in Key Audience Metrics PPM data in Houston continue to show that radio delivers consistently high levels of weekly and daily cume audiences. The PPM also indicates that Hispanics and African-Americans spend more time listening to radio than other consumer segments of the Houston radio metro. In January 2007, the Media Rating Council accredited the PPM ratings data in Houston. As with the Philly findings, for all measured ethnic groups, a larger percentage of the radio audience (Persons 18+) is employed Full Time as compared to the percentage of the market population that is employed Full Time. As with the overall population, radio's "working persons" advantage also applies for the Hispanic and African-American listener.
| View the charts |
Kellogg's gets company
Nine food manufacturers have joined with Kellogg's and early program adopter Kraft Foods in agreeing to change how they market to children younger than 12 years of age. The heat is on to combat childhood obesity, widely seen as a threat of epidemic proportions. This food manufacturer's initiative will possibly head off attempts to address the problem through regulation and/or legislation. FTC Chair Deborah Platt Majoras said, "While changes in food marketing alone will not solve the nation's childhood obesity problem, these actions will help make a healthy choice the easy choice." As a general rule, companies will run ads on children's media for food meeting certain nutritional benchmarks, and will curtail the use of popular children's characters to do the selling, except for nutritious items. Some companies have already curtailed advertising aimed at preteens; others joining in the pledge are General Mills, McDonalds, Coca-Cola, PepsiCo., Campbells Soup, Cadbury Adams, The Hershey Co., Unilever and Masterfoods USA. Kraft Foods has already been following such a program since 2005, according to the Associated Press. Majoras said that these companies account for just about two-thirds of all food advertising aimed at children.
RBR observation: Media companies do not appear to be sweating this development. The manufacturers still have marketing money to spend, and besides the option of pushing their nutritious products, they have a secondary option: according to the New York Times many are looking at reformulating some products to bring them up to nutritional snuff. Any voluntary initiative which can keep Washington out of the mix is a good thing, particularly if it can be done without impacting the bottom line.
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 Back in the
Telecom/Internet saddle
It may become cost-effective at some point to install a row of lockers in the green room of the House Subcommittee on Telecommunications and the Internet. The names above the lockers will read Martin, Copps, Adelstein, Tate and McDowell. They'll all likely be back there again next week. Ed Markey (D-MA) has plenty of seniority in the still-new House Democratic majority, and he had committee-assignment options at the beginning of the year, but could not resist getting this subcommittee back. And he has made the most of his tenure. "Oversight of the Federal Communications Commission - Part 2" is the name of next week's session. Markey has booked Room 2123 in the Rayburn House Office Building for 9:30 AM on Tuesday, 7/24/07 for the session. As a reminder, the Senate Commerce Committee will be examining progress made thus far on the DTV transition, on Thursday, 7/26/07 at 10AM.
RBR observation: Although no details have been announced, Markey has recently expressed concern about several items. He and Energy & Commerce Committee chair John Dingell (D-MI) sent FCC Chair Kevin Martin numerous questions to ponder regarding the ins and outs of private equity ownership of communications companies; Markey has expressed concern about the childhood obesity epidemic and its juncture with FCC policy; and a little further back, Markey and Dingell have also expressed concern about the progress of the DTV transition. These topics may well come up, along with who knows what else.
Murdoch empire expansion may hang on Bancrofts
The board of directors at Dow Jones & Co. has given its OK to a five billion bucks buyout by News Corporation. Now the Bancroft family, with their 65% voting stake, will have their say. But if the family is split, Rupert Murdoch could still succeed in buying Dow Jones and the Wall Street Journal. Unlike many companies where members of the founding family (OK, the Bancrofts aren't the founding family, but they have been in charge for 100 years) have a voting trust agreement, the various factions of the Bancroft family are free to vote their Class B shares, with 10 votes each, as they wish. So, there won't necessarily be a solid 65% block voting yea or nay via the super-voting Class B shares. According to the Wall Street Journal, Michael Elefante, who represents some of the Bancroft trusts, and Bancroft family member Lisa Steele, were among the Dow Jones directors who voted for the sale to News Corporation, as did company CEO Richard Zannino. Bancroft family member Leslie Hill and Dieter von Holtzbrinck abstained, while Christopher Bancroft left the meeting before the vote. That made the vote 13 yes, two abstentions and one absent. Christopher Bancroft has been actively seeking alternatives to the News Corporation bid.
RBR observation: News Corporation and representatives of the Bancrofts have drawn up a voting agreement which would pledge all Bancroft-owned shares to be voted for the sale to News Corporation. If that isn't accepted by the family, it will then become a numbers game to get to 51%. If about half of the shares held by the various Bancroft factions are voted in favor of the deal, that's about a third of the total votes. It would then take overwhelming approval by the remaining shareholders - and a heavy vote turnout - to get to that 51%. That is possible, but it would be much easier for Rupert Murdoch to pull this off if he can get the backing of the entire Bancroft clan. The Bancrofts will assemble today for a presentation of the offer, but no decision is expected until next week.
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Ad Business Report TM
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 CC Radio's
"Test Drive Wednesdays" gaining steam
Clear Channel Radio announced momentum for its successful cross-platform marketing campaign that assists buyers with automotive purchases. "Test Drive Wednesday" is now getting listeners behind the wheels of dozens of different auto brands at car dealerships in a total of 20 markets across the country. The program, which kicked off in Phoenix last year, incorporates both online and on-air radio components to encourage test drivers to visit local dealerships and then share their experiences with listeners. Listener-created auto reviews are made available on-air and On Demand through participating radio station websites, allowing the radio audience to experience the car through the eyes of each test driver. Key to the campaign's success is that "Test Drive Wednesdays" reaches consumers mid-week, the pivotal point in their online search for new vehicles. Each week, listeners in participating CC Radio markets are selected to test drive new vehicles accompanied by an on-air station personality and a producer who records the experience. Listeners can then hear this feedback on-air, or access reviews online alongside dealer-specific links on station websites. Popular Clear Channel Radio station brands in California, Florida, Indiana, Michigan, Kentucky, New York, Ohio, Pennsylvania, South Carolina, Texas, Utah, Washington and Wisconsin are participating in "Test Drive Wednesdays."
"Year of the Military Family" campaign launched
To recognize the sacrifices and the day-to-day needs of America's three million military family members, the US Family Health Plan, a Department of Defense-sponsored healthcare plan, has partnered with the National Military Family Association (NMFA) to implement a public service campaign urging citizens to "support, befriend, remember and appreciate" military family members. US Family Health Plan, which in January launched a "Year of the Military Family" initiative, underwrote the public service campaign and has also donated to a scholarship fund for military family members, treated scores of them to free movie screenings and finalized plans to provide 150,000 more with complimentary family portraits. The campaign consists of national print, radio, TV, online and in-cinema public service announcements. Thirty- and 15-second video PSAs will air to approximately 3.4 million moviegoers in 205 theatres this summer and, along with four radio PSAs, may be downloaded from yearofthemilitaryfamily.org. Additional messages will be conveyed through military association publications and via the airwaves in regions heavily populated by military families. In further support of military families, the health plan's contribution to the American Patriots Scholarship Program, an initiative of the Military Officers Association of America (MOAA), will aid students whose parents have died during active service. The free family portraits will be provided this fall in partnership with participating JCPenney Portraits studios through vouchers distributed by the health plan.
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| Media Business Report TM |
 Google expands print ads
to 225 newspapers
Google announced the expansion of the size and the scope of its Google Print Ads advertising initiative. The program started in November 2006 with a test that included 50 newspapers and a small group of advertisers. Since then the program has grown to more than 225 newspapers representing 32 of the top 35 DMAs and a combined circulation of almost 30 million. Participating newspaper publishers include E.W. Scripps, Freedom Communications, Hearst Newspapers, GateHouse Media, Gannett, MediaNews Group, The New York Times, The Seattle Times Company, Tribune Publishing, and Washington Post among others. In addition, Google Print Ads is now available to advertisers who currently have a Google AdWords account. Google Print Ads enables agencies and advertisers of all sizes to plan and buy traditional newspaper media in both national and local newspapers within a web-enabled interface.
News is for the old
Who is using news sources and how much? That's a question that the Joan Shorenstein Center on the Press Politics and Public shed some light on in the course of trying to guage the news habits of young people. The Center is part of the John F. Kennedy School of Government at Harvard University. The suspicion is that young people nowadays pay less attention to the news than their counterparts in earlier decades. One of the tables included has information on media use by age group, which contains interesting facts. The medium which is hurting in general and has made but a small dent in teenage habits is newspaper; television holds its own with teens - almost a third check out TV news every day and about a fourth hear news on the radio every day. A fifth seek news in the Internet. Older adults lead all categories except the Internet.
| News exposure by age group here |
What about Ottaway?
 Rupert Murdoch has made it clear to Wall Street that his bid for Dow Jones & Company is not a shift in strategy. He is not looking to expand News Corporation's holdings in the newspaper business in the United States. Rather, the Wall Street Journal is a unique brand which can be exploited in various ways. But if Murdoch does succeed in buying Dow Jones for five billion bucks, the deal brings with it Ottaway Newspapers, which owns a number of small market newspapers. One of those newspapers, the Times Herald-Record of Middletown, NY, had reporter Kristina Wells examine what might happen to the Ottaway chain. Retired Ottaway chairman James Ottaway Jr., who has opposed the News Corporation buyout, told her "There's some chance, because we would be such a small part of a large company, that Murdoch wouldn't have much time to worry about how we were covering the news in Middletown." Noting that Murdoch is not after the Ottaway papers anyway, Arizona State University professor Tim McGuire, an expert on the business side of journalism, told her that News Corporation is likely to sell off the newspapers after acquiring Dow Jones. The Times Herald-Record also polled its readers online. When we checked, 1,730 votes had been cast. 42.6% said they thought Murdoch would improve the paper, 31.2% said he would ruin it and 26.2% said there would be no change.
RBR observation: It never actually made sense for Dow Jones to acquire Ottaway back in 1970. It makes even less sense for News Corporation to own the small town newspaper chain. Putting it up for sale seems like a no-brainer for Murdoch.
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| Media Markets & Money TM |
Nebraska pair sold
KNCY-AM, licensed to Nebraska City, and KNCY-FM out of Auburn NE are headed for new ownership. Arbor Day Broadcasting, headed by radio veterans Dean Sorenson and Richard Chapin, is selling the combo to Riverfront Broadcasting, headed by Carolyn and Doyle Becker. Although the deal was just filed with the FCC, the contract was signed back on 10/1/04, and an LMA has been in progress since. The price on the combo is 690K.
KFPB-FM added to Prescott pair
KQNA-AM/KPPV-FM are getting Chino Valley station KFPB-FM, not a clone of KPPV as we accidentally noted in the 7/17/07 issue. According to buyer Sanford Cohen, KFPB will retain its Classic Country format in keeping with Prescott AZ's claim to fame, the "World's Oldest Rodeo." That's not to say there won't be changes at KFPB, however. Cohen and his Prescott Valley Broadcasting Company plan to increase both the station's coverage area and marketing profile.
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| Washington Media Business Report TM |
Good Karma dodges a pet peeve
Craig Karmazin, not Mel, found himself on the defensive in a recent FCC proceeding for a most unusual set of chargers. According to Harmony Pet Care, Good Karma Broadcasting's WAUK-AM Waukesha WI (in the Milwaukee market) was preventing little kitties and puppies from getting accurate ultrasounds and ECGs. The pet facility is located near WAUK's tower and was experiencing blanketing interference. Good Karma, to its credit, took the matter with utmost seriousness, and made its chief engineer available to try to diagnose and solve the problem. It turned out that the medical procedures were working just fine, but interference was affecting a "hard-wired telephone modem" used to send readings to a remote location. Good Karma made several suggestions to solve the problem, but nevertheless found itself on the defensive from the interference situation. The FCC noted that there was nothing wrong with WAUK's transmission, and anyone situated near a properly licensed and operated tower simply must put up with whatever interference may occur to short-range cordless radiofrequency devices. It said that although Good Karma had no legal obligation to work with Harmony Pet Care, it encouraged further cooperation and provided a trouble-shooting list to that end.
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| Entertainment Media Business Report TM |
Hey, it's Free Beer in Philly!
 Greater Media Philadelphia is bringing back the "Free Beer & Hot Wings Show," debuting Monday, June 30th on WMGK-FM. The on-air team, consisting of Gregg Daniels (aka "Free Beer"), Chris Michels (aka "Hot Wings") and Eric Zane will be heard Monday-Thursday evenings from 10 pm to 1 am. Free Beer and Hot Wings were previously heard mornings on "The Hawk," until Greater Media purchased the station in September 2007 and brought back Smooth Jazz on 97.5 as WJJZ-FM. The show, based out of Grand Rapids, MI, is currently syndicated in 15 markets across the country. "WMGK is such a great station. We can't believe they'd take the risk of ruining their reputation by putting us on," said Daniels.
Phil Hendrie back in the saddle
The launching of Talk Radio Network-FM's The Phil Hendrie Show has been an "astounding success," according to TRN-FM CEO Mark Masters. Since his launch just two weeks ago, over 40 markets have added Phil Hendrie to their late evening lineup, including some of the top radio markets across the U.S. The Phil Hendrie Show has been added in San Francisco, Houston, Miami, Minneapolis, San Diego, Tampa, Denver, Riverside, Memphis, Las Vegas, West Palm Beach, Akron, Charleston, Reno, Boise, Augusta, and Bakersfield, to name a few. Hendrie airs Monday-Friday from 1:00 a.m. to 4:00 a.m. Eastern/10:00 to 1:00 a.m. Pacific, and is re-fed 4:00 a.m. to 6:00 a.m. Eastern/ 1:00 a.m. to 3:00 a.m. Pacific on TRN-FM.
Legendary DC DJ Einstein to open music venue
The Washington Times reports WHFS-FM DC (now Spanish WLZL-FM) progressive rock radio legend Damian Einstein is partnering with Joe Lee, who owns the 30+ year old Joe's Record Paradise in Rockville, MD, to open a 550-seat club next door. It will feature bands playing everything from Reggae to Experimental to Blues to Cajun to Punk. Damian's father Jake started the much-missed free-form progressive rock WHFS on 102.3 in the late 60s, located in Bethesda, MD. Ironically, the station's studios were located directly across the street from the Psyche Delly, a venue for live performances by bands playing the club circuit. Many musicians crossed the street to do interviews and perform live at the station. Many cut WHFS-specific IDs. The station later moved to 99.1 and was sold to CBS Radio in 1996, which promptly turned it into a more narrow-playlisted Alternative format. Until recently Damian was working at AAA WRNR-FM Annapolis/Baltimore, MD. Our thoughts: could the old WHFS free-form/progressive/Indie mentality be coming back to the area via HD-2? Two original HFS DJs, Cerphe and Jonathan "Weasel" Gilbert, currently air on WTGB-FM DC "The Globe." WTGB's HD-2 format, "The Jam," may be ripe for a change. Perhaps Weasel, Cerphe and Damian could re-program with the blessings of the HD Radio Alliance? Probably just wishful thinking. WHFS-FM's calls are now in Baltimore with a Talk format. Its HD-2 format kept the semi-edgy Alternative format WHFS had before switching to Spanish.
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| Ratings & Research |
 Broadband, household income
go hand-in-hand
New consumer research, Broadband Access and Service in the Home 2007, from Leichtman Research Group, finds that 53% of all US households now subscribe to a broadband high-speed Internet service at home. Broadband services now account for about 72% of all home Internet subscriptions, compared to 60% last year, according to The Center for Media Research. While broadband subscriptions continued to increase across the country in the past year, broadband penetration remains strongly correlated with household income. 68% of all households with annual incomes over 50,000 now get broadband vs. 59% last year. 39% of all households with annual incomes under 50,000 get broadband vs. 27% last year. While 81% of all US households have at least one computer, only 56% of those with annual household incomes under $30,000 have a computer at home. Just 45% of households with annual incomes below 30,000 subscribe to an Internet service at home - compared to 92% of households with annual incomes above 75,000. Overall, only 7% of all Internet subscribers say that broadband is not available in their area. Almost 75% of households in the US now subscribe to an Internet service, and broadband has grown to account for over 70% of all online subscribers at home. LRG forecasts the total number of broadband subscribers will increase by over 40 million over the next five years. 70% of all TV sets in cable households are not connected to a set-top box 42% of households that subscribe to cable TV do not have any cable set-top boxes. The mean number of TV sets in digital cable households is 3.1, compared to 2.7 in analog cable households; 2.9 in DBS households (where cable is available); and 2.1 in households that do not subscribe to a TV service Just 36% of all TV sets in the U.S. are currently connected to a cable or DBS set-top converter box.
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| Transactions |
175K KTNR-FM Kenedy TX from Good News Broadcsasting of Texas/Maranatha Church of Laredo Inc. (Israel Tellez) to Hispanic Christian Community Network Inc. (Antonio Cesar Guel). 10K earnest money, 40K deposit, 125K note.. [File date 6/20/07.]
N/A WEZJ-AM Williamsburg KY from Whitley Broadcasting Company Inc. (David Paul Estes) to Whitley County Board of Education (Delmar Mahan, chmn). Donation. Buyer will apply to switch to non-commercial license. [File date 6/21/07.]
N/A KCBL-AM/KHGE-FM, KSOF-FM/KRDU-AM, KBOS-FM, KFSO-FM, KALZ-FM & KRZR-FM Fresno CA (Fresno, Dinuba, Tulare, Visalia, Fowler, Hanford CA);
| Read More... |
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| Stock Talk |
Ben ends Dow rally
Musings about inflation worries on Capitol Hill by Federal Reserve Chairman Ben Bernanke cooled Wall Street trading and keep the Dow Jones Industrial Average from its first close over 14K. Instead, the Dow fell 53 points, or 0.4%, to end the day at 13,918.
Radio stocks were lower. The Radio Index declined 0.543, or 0.4%, to 151.531. Cumulus plunged 4%, with no news to account for the move.
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| Radio Stocks |
Here's how stocks fared on Wednesday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
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Arbitron
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ARB
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54.43
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+1.16
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Google
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GOOG
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549.50
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-5.50
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Beasley
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BBGI
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8.29
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+0.09
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Hearst-Argyle
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HTV
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23.45
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-0.16
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| CBS CI. B |
CBS |
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34.83
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+0.40
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Journal Comm.
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JRN
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12.90
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-0.20
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| CBS CI. A |
CBSa |
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34.80
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+0.41
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Lincoln Natl.
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LNC
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68.01
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-1.14
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| Citadel |
CDL |
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6.14 |
-0.02 |
Radio One, Cl. A
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ROIA
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7.09
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-0.05
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Clear Channel
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CCU
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37.57
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-0.19
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Radio One, Cl. D
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ROIAK
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7.07
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-0.07
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Cox Radio
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CXR
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13.88
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-0.03
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Regent
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RGCI
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3.32
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-0.01
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Cumulus
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CMLS
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8.56
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-0.36
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Saga Commun.
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SGA
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8.94
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-0.06
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Debut Bcg.
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DBTB
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1.80
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unch
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Salem Comm.
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SALM
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10.75
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+0.15
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Disney
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DIS
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34.60
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-0.08
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Sirius Sat. Radio
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SIRI
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3.24
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+0.07
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Emmis
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EMMS
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8.91
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-0.09
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Spanish Bcg.
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SBSA
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4.06
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-0.08
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Entercom
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ETM
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24.16
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+0.04
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SWMX
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SMWX
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0.18
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+0.02
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Entravision
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EVC
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10.79
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-0.12
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Westwood One
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WON
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5.59
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-0.05
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Fisher
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FSCI
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50.34
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-0.01
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XM Sat. Radio
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XMSR
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13.02
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+0.20
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Bounceback
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 We want to
hear from you.
This is your column, so send your comments and
a photo to [email protected]
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Below the Fold
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Ad Business Report
CC Radio's
Test Drive Wednesdays gaining steam...
Media Business Report
Google expands
Print ads too 225 newspapers...
Media Markets & Money
Nebraska pair sold
KNCY-AM, & KNCY-FM are headed for new ownership...
Ratings & Research
Broadband
Household income go hand-in-hand...
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Stations for Sale
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Hispanic Stations-Connecticut
Two full-time established AM stations serving the Hartford & Bridgeport Markets.
Contact Dick Kozacko,
Kozacko Media Services
607-733-7138,
[email protected]
MCH Enterprises, Inc.
CA Coast FM: $1.5M
NV Boomtown: $895K
www.mchentinc.com
805.680.2265 (cell)
 Market your Stations For Sale
in our daily epapers.
Contact
June Barnes
[email protected]
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Radio Media Moves
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Kirby chairing RAB2008
Sheila F. Kirby, President, Strategic Sales Development for Interep, will serve as Chairperson of the RAB2008 Planning Committee. Produced annually by the Radio Advertising Bureau (RAB), RAB2008 will place at the Hyatt Regency Atlanta, February 11-13.
Godofsky easing out
Entercom announced that Regional VP Steve Godofsky will transition to a new role at corporate HQ in order to effect an orderly transition to retirement. Entercom CEO David Field hailed Godofsky for his 40 years as a "terrific leader" in radio. In his new role, Gadofsky will focus on corporate initiatives and projects such as digital audience measurement and enhanced customer service.
Long heads to LA
Brian Long has been named Assistant Program Director of ESPN O&O KSPN-AM Los Angeles. "Brian is a hidden programming jewel in the desert," said KSPN PD Larry Gifford, who hired Long away from Morris Desert Media's Palm Springs cluster, where he programmed three AMs, including an ESPN affiliate.
Upped in Milwaukee
Mark Jaycox has been promoted to Station Manager for the Salem Milwaukee cluster, WRRD-AM & WFZH-FM. He joined Salem Milwaukee in January 2004 as General Sales Manager.
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More News Headlines
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Insider scandal
at Dow Jones
The SEC formally indicated yesterday that it plans to file civil charges for insider trading against Dow Jones & Company board member David Li. The Hong Kong businessman is suspected of passing information about the Rupert Murdoch bid for Dow Jones to a business associate before it became public knowledge. The daughter and son-in-law of that business associate have already been charged with buying Dow Jones stock based on inside information.
"The Formats"
will not be back
The NAB Marconi Radio Awards Dinner & Show this year will feature a performance by platinum-selling recording artists Collective Soul, courtesy of El Music Group and CO5. The Marconi Radio Awards Dinner & Show, sponsored by HD Radio, will take place on Thursday, September 27 during The NAB Radio Show in Charlotte.
KCRW wants to
save music library
The music library in the basement of KCRW-FM LA houses a priceless collection of more than 60,000 recordings of great historical importance and cultural relevance. The station is launching a major effort to save this precious resource and preserve it for years to come with "The Music Match: A Campaign to Save KCRW's Library." The library has been shaped over three decades and its influence has been profound. The resources of the library inspired soundtracks for entertainment vehicles like The Matrix, Six Feet Under, Shrek, Little Miss Sunshine and a myriad of commercials, video games and more. All of this is currently housed in a 15 X 20 foot room with CD drawers and vinyl racks stacked floor to ceiling - about the size of a walk-in closet. This campaign will raise the funds necessary to store the contents of the library as the highest fidelity digital sound files and allow the DJs to explore the full range of music available to them without the current physical limitations. (Imagine having to climb a ladder to reach that perfect Miles Davis record every time you want to play it on air). The library is the primary resource for both KCRW's on-air DJs and a 24/7 online music stream as well. "KCRW is defined by its music. All of our music directors and hosts have expanded the library based on their unique tastes with only one thing in common - marvelous artistry," said GM Ruth Seymour. The Annenberg Foundation and RealNetworks have provided lead grants of 100,000, and proceeds from this year's sold-out benefit concert, A Sounds Eclectic Evening, will go towards the modernization process.
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SmartMedia Magazine
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Coming in September
FALL NAB ISSUE
SPECIAL DISTRIBUTION:
NAB RADIO SHOW
Radio Roundtable:
Radio execs find solutions.
Media Markets and Money:
What's attractive to equity capital these days?
Ad Biz:
Gennele Niblack, Katz Political President
Sales:
Dial Global's Eileen Decker on radio ad sales
News/Talk:
Valerie Geller: "Video streaming on your station's website"
Political Advertising:
Gregg Skall: "The FCC rules on political ads-Network exception issue"; Greg Pinello, GMMB.
Engineering & Technology:
Conditional Access for HD Radio
New Media:
Money-making opportunities for on-demand web video
For advertising
information, contact:
June Barnes
[email protected] 803-731-5951;
Jim Carnegie
[email protected] 813-909-2916 or
Carl Marcucci
[email protected] 703-492-8191.
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RBR Radar 2007
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Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.
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A buyout for Arbitron?
That's what analyst Jim Boyle at CL King thinks may be coming. With more and more groups signing PPM contracts, Boyle thinks Arbitron could be attractive to private equity funds. "As the de facto radio research monopoly accelerates its revenue growth, revives its historic 30%-plus margins in the coming years in a seemingly reliable fashion, has no debt and mounting cash, we suspect ARB should eventually and logically attract suitors from the many well-funded private equity groups,"
RBR observation: If this thought did not cross the minds of the PE fund guys well it now has been planted for a full course dinner for thought.
07/18/07 RBR #139
Bill so FCC can fleece
a fleeting utterance
Jay Rockefeller (D-WV) is not going after violent content with S. 1780, the "Protecting Children from Indecent Programming Act." He and his co-sponsors, Ted Stevens (R-AK), Mark Pryor (D-AR) and Dan Inouye (D-HI), are merely trying to provide a legislative underpinning for the FCC to be able to drop the hammer on speakers of a fleeting expletive.
RBR observation: Here's the scoop: This means the FCC would be able to bring out its heavy artillery, the full 325K punitive fine, if it so desires, assuming that this bill makes it through both houses of Congress and gets an autograph from the president. You never can tell on Capitol Hill, but this bill has the virtue of being extremely uncomplicated, and if Rockefeller can keep it free of excess amendment baggage.
07/18/07 RBR #139
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