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Equity group encouraging diverse investment
The National Association of Investment Companies says that investing in diversely-owned companies can be a major driver of economic recovery while at the same time helping to resolve age old socially-driven economic imbalances. A couple of broadcast stations were among those it studied.
RBR observation: Fact: Minorities are underrepresented in the broadcast license database. Fact: There are many stations languishing on the sales block. Conclusion: NAIC may have a win-win idea, but it is not without qualifications.
Arbitron responds to GAO probe of PPM
After first saying no comment to word of 10 Members of Congress requesting a GAO investigation of Arbitron's PPM, the company has now issued a formal statement. In short, it says Arbitron is always happy to discuss PPM with anyone.
PACs continue to spend
So many issues, so many politicians to target, so little time. Actually, time is the stock in trade of the broadcasting business, and most broadcasters are more than willing to cut a deal with the politically-motivated. DNC is using television and radio to go after leading Republican legislators in stimulus. The FRC is using television in five markets in opposition to health reform. And an environmental group is mounting a prolonged multimedia effort against three carefully selected House members.
RBR observation: As broadcasters, we'll accommodate you no matter what side you're on. We say, bring us your tired, your poor, your huddled dollars. Or your unhuddled dollars. Any dollars. Just bring 'em...
Clunkers already
getting stimulus credit
A non-governmental group that helped enact Cash for Clunkers says the program has already injected millions into the economy before the first new car has been driven off a lot, toward an eventual $1B total of economic stimulus. CashForClunkersInformation.org says that the early spenders will reap the biggest benefits.
RBR observation: We smelled windfall the minute we heard about this program, and have been providing early warning for months. Hopefully your station is getting a piece of this pie from one of broadcasting's most damaged categories.
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Stuck in neutral
Stock prices are mostly holding onto recent gains, but traders are becoming cautious until they see more signs of real improvement in the economy. The Dow Industrials dropped 26 points, or 0.3% on Wednesday, to 9,071. Other major indices also declined a bit.
Radio stocks managed to buck the down trend. The RBR Radio Index rose 0.911, or 1.9%, to 47.847. SBS shot up 17.3% and Beasley gained 7%.
Here's how stocks fared on Wednesday
Company |
Symbol |
Close |
Chng |
Company |
Symbol |
Close |
Chng |
Arbitron* |
ARB |
|
16.51 |
-0.41 |
Fisher |
FSCI |
|
17.13 |
+0.39 |
Beasley* |
BBGI |
|
2.89 |
+0.19 |
Google |
GOOG |
|
436.24 |
-3.61 |
CBS CI. B |
CBS |
|
7.72 |
-0.27 |
Journal Comm. |
JRN |
|
2.54 |
+0.09 |
CBS CI. A |
CBSa |
|
7.72 |
-0.27 |
Lincoln Natl. |
LNC |
|
18.05 |
-0.32 |
Citadel |
CTDB |
|
0.03 |
0.00 |
Radio One, Cl. A |
ROIA |
|
0.58 |
0.00 |
CC Media* |
CCMO |
|
0.76 |
0.00 |
Radio One, Cl. D* |
ROIAK |
|
0.33 |
+0.01 |
Cumulus* |
CMLS |
|
0.60 |
0.00 |
Regent* |
RGCI |
|
0.18 |
0.00 |
Debut Bcg. |
DBTB |
|
0.25 |
0.00 |
Saga Commun.* |
SGA |
|
6.10 |
0.00 |
Disney |
DIS |
|
25.89 |
-0.48 |
Salem Comm.* |
SALM |
|
0.91 |
+0.01 |
Emmis* |
EMMS |
|
0.29 |
-0.02 |
Sirius XM |
SIRI |
|
0.43 |
0.00 |
Entercom* |
ETM |
|
2.29 |
+0.03 |
Spanish Bcg.* |
SBSA |
|
0.19 |
+0.03 |
Entravision |
EVC |
|
0.50 |
-0.05 |
Westwood One |
WWON |
|
0.04 |
0.00 |
*Component of the RBR Radio Index
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Only On RBR.com
How to Connect with
Your Audience
Successful product/brands have more than a great identity
Ad Business Report
Wendy's taps
Kaplan Thaler Group as its lead creative agency
Washington
Business Report
TV star touts
Elections hearing, it's hard to see this bill going anywhere
Ratings & Research
More Kabrich bashing
Of PPM, PPM Coalition has found a ready ally |
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Panelists named for NAB Super Session breakfast
Along with your eggs and orange juice, here's what you're going to be getting at the Group Executives Super Session Breakfast at 7:30 am on Thursday, September 24 during the NAB Radio Show in Philadelphia. Panelists will be Frank Flores, Chief Revenue Officer for Spanish Broadcasting System; George Laughlin, President of GAP Broadcasting; Mark Mays, CEO of Clear Channel Communications; Bill Stakelin, President & CEO of Regent Communications; and Charles Warfield, President & COO of ICBC Broadcast Holdings. David Kennedy, CEO of FlyCast, will be the moderator.
Veteran anchor Bob Walker dead at 77
ABC News Radio reports that retired anchor Bob Walker has died at age 77. His career at the network crossed four decades, from the 1960s to the '90s.
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News you won't read any where else. RBR--First, Accurate, and Independently Owned.
Civil war breaks
out over PRA
Usually they are the tightest of allies, but strong disagreements over the Performance Rights Act have caused a rift between Black radio and the Congressional Black Caucus.
07/29/09 RBR #146
News staffing: Women up, minorities down
Minority broadcast newsers had made big gains in 2008 - and at least they did not go under 2007 levels this time. But it was close at television, where their share of positions stood only 3% lower at 21.5%. Radio has a much more comfortable gap, 2.7% to the good compared to 2007's 6.2% reading. But radio's numbers are woefully inadequate compared to overall population statistics.
07/29/09 RBR #146
Off-target in the case of Listener Driven Radio
I'd like to respond to Richard Harker's comments (Been There. Done That) regarding Listener Driven Radio. I am a partner in LDR. I value his opinion, but believe that he's somewhat off-target in the case of Listener Driven Radio.
Why at RBR.com
07/29/09 RBR #146
HD Radio Electronic Program Guide
goes to field trial in Boston
This field trial is being conducted as part of an NAB FASTROAD project to develop the business requirements, system architecture and specifications of an EPG-an interactive, on-screen guide to scheduled broadcast programming. We spoke to iBiquity CEO Bob Struble.
07/29/09 RBR #146
For complete content and previous RBR issues, analysis, interviews,
and more...see and bookmark www.RBR.com |
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