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WQXR-FM sale gets FCC green light
The FCC has given its blessings for The New York Times Company to make its final curtain call and bow out entirely from the broadcasting business. The sale of its last station, Classical WQXR-FM New York, is going through despite citizen objections.
TRANSACTIONS
$1M WDRE-FM & WBON-FM Hamptons-Riverhead NY (Calverton-Roanoke, Westhampton NY) from Jarad Broadcasting Company (Ronald J. Morey, Jed R. Morey, John Rose, John Caracciolo) to JVC Broadcasting Corp. (Peter G. Schiff, John Caracciolo, Victor Canales, Paul Homer, Henry T. Wilson). $650K cash, $350K note. Seller retains WLIR-FM Hampton Bays, and Caracciolo retains a small interest in seller, so stations remain related. [FCC file date 8/18/09]
$150K WILA-AM Danville VA from Tol-Tol Communications Inc. (Lawrence A. Toller) to Lakes Media LLC, a subsidiary of Birch Broadcasting Corporation (Thomas C. Birch, Aurora D.P. Birch). $50K escrow released at closing, $100K note. Arbitron is doing special survey report for Birch in the market. Superduopoly with WSHV-AM/WKSK-FM South Hill, WLUS-FM Clarksville & WHLF-FM South Boston, all VA. [FCC file date 8/19/09]
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Weak dollar boosts stocks
A weakening dollar in international trade is good news for exports and gave stock prices a boost. The Dow Industrials rose 50 points, or 0.5%, to 9,547.
Radio stocks were mostly higher. The RBR Radio Index rose 1.723, or 1.7%, to 102.172. Beasley gained 14% and Regent 7.4%.
Here's how stocks fared on Wednesday
Company |
Symbol |
Close |
Chng |
Company |
Symbol |
Close |
Chng |
Arbitron* |
ARB |
|
17.64 |
-0.04 |
Fisher |
FSCI |
|
20.29 |
-0.15 |
Beasley* |
BBGI |
|
3.10 |
+0.38 |
Google |
GOOG |
|
463.97 |
+5.35 |
CBS CI. B |
CBS |
|
11.02 |
+0.19 |
Journal Comm. |
JRN |
|
3.60 |
-0.03 |
CBS CI. A |
CBSa |
|
11.03 |
+0.19 |
Lincoln Natl. |
LNC |
|
24.34 |
+0.70 |
Citadel |
CTDB |
|
0.05 |
0.00 |
Radio One, Cl. A |
ROIA |
|
0.86 |
-0.14 |
CC Media* |
CCMO |
|
1.19 |
0.00 |
Radio One, Cl. D* |
ROIAK |
|
0.63 |
-0.01 |
Cumulus* |
CMLS |
|
1.37 |
+0.06 |
Regent* |
RGCI |
|
0.42 |
+0.03 |
Debut Bcg. |
DBTB |
|
0.24 |
0.00 |
Saga Commun.* |
SGA |
|
12.83 |
0.00 |
Disney |
DIS |
|
26.95 |
+0.67 |
Salem Comm.* |
SALM |
|
3.01 |
-0.09 |
Emmis* |
EMMS |
|
0.65 |
-0.01 |
Sirius XM |
SIRI |
|
0.69 |
+0.03 |
Entercom* |
ETM |
|
4.54 |
+0.08 |
Spanish Bcg.* |
SBSA |
|
0.34 |
-0.01 |
Entravision |
EVC |
|
1.27 |
+0.04 |
Westwood One |
WWOZ |
|
6.20 |
-0.15 |
*Component of the RBR Radio Index
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Only on RBR.com
Advertisers get what they pay for
...with online ads, according to a recently published study.
Ad Business Report
Media Commerce Systems, Marketron pact
...to provide buying, ordering, invoicing and payment for DR ad business.
Internet Business Report
Apple announces iPod nano
Users can record video, listen to FM HD radio and track the number of steps taken by exercisers.
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Indy move
Jennifer Skjodt has been named Vice President and General Manager of Entercom's Indianapolis cluster (WZPL-FM, WNTR-FM, WXNT-AM) effective September 14th, succeeding Phil Hoover, who announced his retirement a few weeks ago. Skjodt was most recently General Manager of WKLU-FM Indianapolis.
Ellis is the new enforcer
FCC Chairman Julius Genachowski has named P. Michelle Ellison as the new Chief of the Enforcement Bureau. She moves up from Deputy General Council, a position she's held for 12 years.
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News you won't read any where else. RBR--First, Accurate, and Independently Owned.
NAB, MMTC counter
MusicFirst at FCC
The NAB and the Minority Media and Telecommunications Council have filed comments with the FCC in opposition to MusicFirst's complaint about getting its ads run on radio stations.
09/09/09 RBR #175
Recession-savvy branding & marketing strategy to create competitive advantage
Hey, it's time to "go back to school". Well, that we know, but what about making this fall season about igniting ourselves and our businesses by adding lots of power to our marketing punch?
09/09/09 RBR #175
Towers tumbling everywhere
Friday was a bad day for radio towers. Not only were two towers knocked down by vandals at KRKO-AM Everett, WA, but another deliberate attack took down a tower at WAEB-AM Allentown, PA. Also on Friday, an accident toppled the tower of WTJV-AM Deland, FL.
09/09/09 RBR #175
SCOTUS embarking on campaign finance case
A narrow dispute over advertising a documentary about Hillary Clinton has mushroomed into a broad attack on restrictions on corporate and union campaign advertising that have been on the books for decades.
09/09/09 RBR #175
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and more...see and bookmark www.RBR.com |
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