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Welcome to RBR's Daily Epaper
Volume 23, Issue 181, Jim Carnegie, Editor & Publisher
Monday Morning September 18th, 2006

Radio News ®

"Sell" call for Cox Radio
Goldman Sachs analyst Mark Wienkes has lowered his "Neutral" rating on Cox Radio to "Sell." Wienkes says the stock appears to have been trading up on expectations of being taken private by Cox Enterprises, but he thinks that is unlikely to happen. Year-to-date (as of 9/14) Cox Radio shares are up 15% vs. a 25% decline for the radio sector. While the fundamentals for the company are stable, Wienkes says there is nothing about its performance to justify such a run up, so buyers must be banking on a takeout by its private parent. "Cox Enterprises already has 65% share ownership and 95% voting control of Cox Radio, begging the question what has changed to offer a more compelling rationale for a buy-in now. In our view, nothing has changed materially, and if anything the industry fundamentals have worsened," the analyst said in a note to clients. At the current stock price, Wienkes thinks the market has priced in a 50% or so chance of a bid to go private. He thinks the likelihood is more like 15%. Thus, he figures it is time to sell.

RBR observation: In the current environment, every public radio CEO would like to go private. No one enjoys getting beaten up quarter after quarter by analysts and big money managers. But it takes money to go private and the deal has to make sense to the people supplying the money. We doubt that Cox Enterprises would pay off the public shareholders of Cox Radio at a huge premium in a soft market just to be rid of them.

Watchdogs howling about
suppressed FCC report

Former top FCC brass are pleading ignorance when queried about the 2004 FCC localism study. Nonetheless, by now, just about every watchdog organization that has ever issued a press release about the FCC has issued another one, calling for a full investigation into the decision to kill a study showing that local owners did a better job covering local news than did owners headquartered out of town. FCC Chairman Kevin Martin says he's already looking into it, and will include the report in the records of both the ongoing localism and ownership proceedings. In a letter to Sen. Barbara Boxer (D-CA), who made the study public after receiving it herself from an anonymous source, he repeated that he was utterly unaware of its existence, that it was conducted prior to the beginning of his chairmanship, and that he was looking into it. There is a roadblock, however. "It is unclear why this report was never released to the public. I am attempting to determine why, but the senior management of the Media Bureau and the Chairman of the Commission at the time are no longer at the Commission." But the lack of warm bodies at the Portals did not dissuade Josh Silver of Free Press from making a positive ID. "Throughout his tenure at the FCC, Michael Powell aided efforts by large media companies to buy up local news outlets," he said. "Had [the report] seen the light of day, the FCC and its big media allies could no longer deny that locally owned media do a better job of covering local news. So he tried to hide it." At least on exec, former Media Bureau Chief Ken Ferree, has gone on record, telling the Los Angeles Time that he was unaware of the report. And Powell, through a spokesperson, told the Associated Press that he too was not aware of its existence and therefore could not have ordered its suppression.

RBR observation: Martin seems to be treading lightly when it comes to the remand of the 6/2/03 ownership proceeding. This episode will only make the ice on this slippery slope thinner.


August strong for Journal Broadcast
The newspaper business was soft, but broadcasting really strong in August for Journal Communications. Radio revenues were up 6.7% to 7.2 million, with gains across local, national, political and developmental. Including recently acquired stations, TV revenues shot up 97.1% to 10.9 million. And the numbers were still impressive without the newbies. Excluding the new stations, TV revenues were up 28.6%. Political revenues were 1.5 million, so there was growth elsewhere as well. Not so for publishing, where revenues fell 5.4% to 25.3 million. Ad revenue was down 7.3% to 18.4 million.

More 527 fun
Bob Perry, the big backer of Swift Vets & POWs for Truth is back, this time providing some 5M to a 527 group called The Economic Freedom Fund. According to TPM Muckraker, the group has been spending money in races for the House of Representatives that currently aren't in the toss-up category, but perhaps could be more competitive with a push, generally those in which the Republican candidate is 10% back in the polls. A lot of the cash is apparently going into automated phone call efforts, but some is also being used for airtime. Another interesting tidbit is the identity of the biggest 527 donor this cycle. If you guessed Democrat backer George Soros you'd be wrong. He's second at 1.8675M. Heading the latest list at the opensecrets.org website is former Univision honcho Jerry Perenchio, at an even 4M. (Looks like Perenchio and Soros will both move down a notch once opensecrets catches up to Perry, unless they move to stay ahead of him in the interim.) The big Democrat 527 from 2004, meanwhile, MoveOn.org, is reclassified as a 501c and is limited in the size of donations it can accept this time around. It's been resorting to grassroots fundraising and continues to take an active roll, both through purchased airtime and other electioneering techniques. Emily's List, which focuses on woman's issues, has been tossing support toward Democratic candidates, while the Club for Growth is back working for the Republicans. Even the American Dental Association is getting into the act. Apparently, teeth are a Republican concept - since just over 2/3 of ADA's 1.1M in contributions has been directed to the GOP.


Settlement said to be near at Tribune
The boardroom battle between Tribune Company and its biggest shareholder, the Chandler family, could be resolved this week in time for a board of directors meeting on Thursday. According to the Wall Street Journal, the parties are close to an agreement to dissolve two partnerships which create tax barriers to any major restructuring of Tribune, such as spinning off its entire TV group. The deal would reportedly have the Chandlers receive the real estate used by many of the Tribune newspapers and other operations and divide up the cash and stock held by the partnerships. Previous talks broke down over disagreements about the value of the assets held by the partnerships, but the WSJ says most of the terms have now been worked out. The Chandlers had publicly opposed plans by Tribune CEO Dennis FitzSimons to cut costs and sell off a half billion in assets (mostly TV stations so far), pressing to make a deal on the partnerships the top priority.

Anatomy of a receivership
The United States District Court for the District of Connecticut had kind, if bland, words to describe multidisciplinary broadcast veteran Larry Patrick when laying out its case to install him as receiver for Freedom Communications' Hartford area radio stations: WLAT-AM, New Britain; WNEZ-AM, Windsor; and WKND-AM, Manchester. "W. Lawrence Patrick possesses the competence and skill necessary to adequately protect the interests of the Company and its shareholders pending the outcome of this litigation." The plaintiffs include financial backer Fleet Development LLC, into the company to the tune of 3.5M, and 50% co-principal Richard Weaver-Bey. The target of the suit is the other principal, Stephen Brisker. A forensic accountant testified that the station group should be in excellent financial health "...if not for the large amount of disbursements flowing to [Brisker] the CEO and others in one form or another." A litany of shaky financial dealings consumed page after page of a court document, starting with a look at Q4 2005. The company took in 383K with 213K in operating expenses. But it spent another 217K, including "34K for legal fees; 152K for consulting fees; 6,884 for rent for the CEO's apartment; 14.9K for travel and entertainment and 9K for interest charges..." all while leaving other bills in excess of 250K unpaid. Brisker was said to be solely responsible for this since his full title was CEO/CFO. The court document says that after a board decision of 10/3/03 suspending salaries for the two principals until further action, and with no further action taken, over nearly a two year period Brisker received almost 330K in salary, 365K in consulting fees and 224K in other compensation. Brisker claims he was entitled to much of this as deferred compensation. Another charge is that Brisker pulled 24K over two years from ATMs, often recording the reason under the travel and entertainment categories. Over 1.4K was charged during three casino visits. The upshot is the rare move of placing a solvent broadcast operation, nowhere close to any of the red-zone creditor relief chapters, into receivership.


Reminder:
RBR Publisher Jim Carnegie, Executive Editor Jack Messmer, Marketing/Sales Director June Barnes and Vice President Cathy Carnegie will be attending NAB Radio Show. If you need to find them they all will be located at the Hilton Anatole


Ad Business Report TM

Jack FM taken over by Jim Belushi for WGN debut
It begins 7:30 AM CT today: Rich Russo, JL Media's SVP/Director of Broadcast Services, has done it again-recently is was Jerry FM in Dallas to promote "Seinfeld" on MyNetwork TV there (9/7/06 RBR #174). This time, it's Jim Belushi on CBS Radio's Jack FM in Chicago. The station becomes "Jim FM" today, with nothing on air but music and newly-cut promos for the syndicated launch of "According to Jim" on WGN-TV.
| Listen here |

Russo tells RBR/TVBR: "We were able to take Dallas to a whole new level because we got Jim Belushi to actually cut the liners about taking over the station. With Jerry, it still sounded great, using clips from the shows to make to copy coherent. In this case, we got to write for Belushi what we wanted him to do. So people listening will hear, 'Hey, this is Jim-I'm taking over the station.' He'll be talking about Chicago, people from the show will be calling in and talking to him. When it's over, he says 'OK, you can have your station back now-I'm going home to watch 'According to Jim' on WGN-TV.'" The event was teased last weekend on WGN and Cubs Games. He adds, "Once again, this is a situation where you can take a client, marry them to radio and do something that's fun, unique and most importantly, impactful. Create a buzz-just what radio is built for."

MediaVast named one of NY's
fastest-growing media companies

Named to Deloitte's prestigious Technology Fast 50 Program for the New York Region, a ranking of the 50 fastest-growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche. Rankings are based on the percentage revenue growth over five years from 2001-2005. With increase in revenues of 1,442 percent from 2001 to 2005, MediaVast secured the 11th ranking in the Technology Fast 50 for New York. MediaVast, whose flagship agency WireImage has achieved the dominant position in entertainment photography, also operates the visual content brands FilmMagic, Contour Photos, WINCreps, and DMI Photo. MediaVast's CEO Jason Nevader credits a premium photo archive and a proprietary technology platform with the company's revenue growth. To qualify for the Technology Fast 50, companies must have had operating revenues of at least 50,000 in 2001 and 5,000,000 in 2005, be HQ'd in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues.


NAB Day Time Planner
The following will be attending the NAB. Call or email to make your
appointment in advance.
BROKERS
Todd Fowler/David Reeder/Gene Ferry/Bruce Pollock, American Media Services, Hilton Anatole, 843-972-2200, [email protected], [email protected], [email protected], [email protected]

Jack Higgins/Dan Graves/
Joel Day/Denis LeClair
, CobbCorp, LLC., Hilton Anatole, office 202-478-3737, [email protected]

Andrew P. McClure, The Exline Company, Hilton Anatole, Suite 353 office 415-479-3484, cell 415-497-3855, [email protected]

Frank Boyle, Frank Boyle & Co., Sheraton Suites Market Center, 203-969-2020, [email protected]

Cliff Gardiner, Clifton Gardiner & Co., Hilton Anatole, 303-758-6900, [email protected]

Gordon Rice, Gordon Rice Associates,
843-884-3590, Hilton Anatole, [email protected]

Ed Henson, Henson Media, Inc., Louisville, KY, 502-589-0060, Hilton Anatole, [email protected]

John L. Pierce,
John Pierce & Company LLC,
859-647-0101, cell 859-512-3015, Hilton Anatole, [email protected]

Jamie Rasnick,
John Pierce & Company LLC,
859-647-0101, cell 513-252-1186, Hilton Anatole, [email protected]

Dick Kozacko/George Kimble,
Kozacko Media Services, office 607-733-7138, cell 607-738-1219, Hilton Anatole,
[email protected]

Larry Patrick/Greg Guy/Susan Patrick/Summer Foust,
Patrick Communications, Hilton Anatole
Suite #1034, 410-740-0250, [email protected]

Glenn Serafin, Serafin Bros., Inc.,
office 813-885-6060,
cell 813-494-6875, [email protected]

Terry A. Greenwood,
TAG Media Consulting,
Hilton Anatole, office 410-931-3362, [email protected]

LAWYERS
Gregg P. Skall,
Womble Carlyle Sandridge & Rice, PLLC 202-857-4441, Hilton Anatole, [email protected]

TRAFFIC SOFTWARE
Eric Mathewson, Founder and CEO; Wide Orbit; 415-675-6751; Booth 617 and Hilton Anatole Presidential Suite;
[email protected]

REG.-NAT. SALES/STATION REPRESENTATION
Stuart J. Sharpe/Kevin S. Adelstein/Gail F. Lawing/Beth L. Lesser, Regional Reps Corp., office 216-781-0035, Stuart 216-272-8442, Kevin 216-702-2569, Gail 404-307-3194, Beth 214-621-5353, Hilton Anatole, [email protected], [email protected], [email protected], [email protected]


Media Business Report TM
Air America to declare bankruptcy? Who knows!
A big controversy last week was ThinkProgress.org's story that Air America Radio was set to declare bankruptcy in a major on Friday: "Air America could remain on the air under the deal, but significant personnel changes are already in the works. Sources say five Air America employees were laid off...and were told there would be no severance without capital infusion or bankruptcy." Air America recently ended its relationship with host Jerry Springer and tapped Sirius' "The Young Turks" for mornings. The NY Post reported Rob Glaser, the Real Networks founder who rescued the 2-year-old network from its first financial crisis, "walked away last week" and took his money with him. An industry blog claims AA hasn't been able to pay its Associated Press bill. Heck, even Al Franken noted on Conan O'Brien he hasn't been receiving his salary lately, but he's not leaving. Henry Kavett from WYD Media Management, which handles The Stephanie Miller Show, told us plenty of Air America affiliates and agencies have been calling him all week trying to find out what he knew and if they can get Miller lined up if Air America folds. He, like Air America, said he had no evidence the rumor was true. Said Air America spokesperson Jamie Horn: "If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago; it may be frustrating to some that this hasn't happened. No decision has been taken to make any filing of any kind, we are not sure of the source of these rumors and frankly can not respond to every rumor in the marketplace."

RBR observation: Needless to say, no news on Friday of any bankruptcy filings and Franken confirmed that on his show. Certainly, this isn't the first rumor, or first time the network has had cash flow problems. Yet, with 87 affiliates now, it keeps on trucking, as it has through the charity crisis with Evan Cohen and the KBLA-AM Los Angeles and WNTD-AM Chicago affiliates pulling the plug over bounced AA checks. Since Clear Channel has a good number of stations with progressive talk programming, maybe it, or another angel will rescue the company-if, indeed, it needs it.


Media Markets & Money TM
PBI won't Wait for Panhandle pair
Darrel Wait and Eddie Tubbs are picking up an old-fashioned AM-FM combo out of Chapter 78 bankruptcy. KDDD AM & FM are licensed to Dumas TX, well up the Texas panhandle and about 50 miles due north of Amarillo. Ken Ries is trustee for the stations licensed to North River Investments. An LMA began way back in April. Wait and Tubbs have formed license company PBI LLC. They've plunked down 2K into an escrow account and will pay off the rest with a 48K note, bringing the total value of the deal to 50K.


Washington Media Business Report TM
Interoperability project
bogging down

"First responder" is a magic phrase in Washington, inextricably tied to concepts such as public safety and heroism. And everyone agrees on the need for interoperable communications equipment so all who answer an emergency call can coordinate their efforts, often under life-and-death conditions. But the political process for making interoperability a reality is bogging down. Part of the first responder plan involves the return of television spectrum as part of the digital conversion, which was supposed to be completed this year. It's been moved back to 2/17/09. Democrats in the House of Representatives are furious that Republicans have blocked 3.1B in funding to forward the project, and analysts say the final cost will be considerably north of that figure. But HDS Secretary Michael Chertoff says progress is stalled because of the failure of local jurisdictions to arrive at necessary agreements on numerous technical issues. The Washington Post says that the feds, on the other hand, have been slow to adopt technical and equipment standards and that manufacturers have been resistant to speed along the process.

RBR observation: It would seem to us that the coordination of numerous local entities with federal entities takes the matter across all possible internal US political boundaries and clearly calls for a federal mandate that applies everywhere. For what it's worth, however, the importance of this mess to broadcasters is simply this. The next time a politician decides to grandstand about how broadcasters are holding onto television spectrum for their own selfish reasons at the expense of first responders and the lives of the citizens they are thus unable to save, we can point to any one of the multitude of flies in the ointment and say that we're a small portion of a much bigger problem.


Monday Morning Makers & Shakers

Transactions: 7/31/06-8/4/06
For the third week in a row, station trading as filed at the FCC topped 100M (this time just barely). And for the third time in a row, television was the driving force, this time accounting for almost 90% of the value in a relatively slow week. Besides the big Wichita agreement chronicled below, this was the week Tribune announced its 17M Albany sale.

7/31/06-8/4/06

Total

Total Deals

7

AMs

4

FMs

7

TVs

6
Value
102.743M
| Complete Charts |
Radio Transactions of the Week
Radio vets saddle up way upstate
| More...
|
TV Transactions of the Week
Sunflower grows in greater Wichita
| More...
|


Transactions
8.5M WDVH-AM/WTMN-AM, WDVH-FM, WHHZ-FM, WKZY-FM WTMG-FM & WRZN-AM Gainesville-Ocala FL (Gainesville, Trenton, Newberry, Cross City, Williston & Hernando FL) from Jablamo License Holdings LLC (Amber L. Morrell et al) to 6 Johnsion Road Licenses Inc., a subsidiary of Pamal Broadcasting Ltd. (James J. Morrell). 50K escrow, balance in cash at closing. Sale from children to parents in an estate-planning transaction. Existing superduopoly. LMA 6/30/04. [File date 8/28/06.]

325K KYFA-FM CP Topeka KS (Manhattan KS) from Bible Broadcastinhg Network Inc. (Lowell L. Davey) to Educational Media Foundation (Richard Jenkins). 32.5K escrow, balance in cash at closing. CP is for Class C2 on 88.7 mHz with 25 kw @ 381'. [File date 8/28/06.]

N/A KBCA-TV Alexandria LA and KLWB-TV Lafayette LA (New Iberia LA). 49.2% of Wilderness Communications LLC. from to . Merger of entities and individuals including Azar Family Holdings and Gulf Management LLC. Principals include Charles Chatelain, Eddie Blanchard et al. [File date 8/28/06.]


Stock Talk
Radio misses out on modest rally
Stock prices pushed a bit higher on Friday as the Labor Department reported a slowing of consumer price inflation in August. The Dow Industrials rose 33 points, or 0.3%, to 11,561.

Radio stocks, however, were lower as Goldman Sachs issued a "sell" call for Cox Radio. The Radio Index declined 1.465, or 1%, to 139.927. Cox Radio fell 3.5% and some other radio stocks were not far behind. Radio One (Class A) fell 3.1% and Entravision was off 2.6%.


Radio Stocks

Here's how stocks fared on Friday

Company Symbol Close Change Company Symbol Close Change

Arbitron

ARB

38.23

+0.27

Hearst-Argyle

HTV

23.81

+0.04

Beasley

BBGI

7.22

-0.08

Journal Comm.

JRN

11.54

+0.11

CBS CI. B CBS

28.58

+0.04

Lincoln Natl.

LNC

61.25

-0.01

CBS CI. A CBSa

28.59

+0.02

Radio One, Cl. A

ROIA

6.20

-0.20

Citadel CDL
9.16 +0.04

Radio One, Cl. D

ROIAK

6.28

-0.07

Clear Channel

CCU

29.41

-0.09

Regent

RGCI

3.98

-0.02

Cox Radio

CXR

15.37

-0.55

Saga Commun.

SGA

7.95

-0.04

Cumulus

CMLS

9.92

-0.08

Salem Comm.

SALM

10.82

-0.10

Disney

DIS

30.31

-0.08

Sirius Sat. Radio

SIRI

4.07

+0.04

Emmis

EMMS

11.77

-0.26

Spanish Bcg.

SBSA

4.20

-0.07

Entercom

ETM

24.85

-0.45

Univision

UVN

34.88

+0.11

Entravision

EVC

7.49

-0.20

Westwood One

WON

7.24

+0.15

Fisher

FSCI

43.76

+1.34

XM Sat. Radio

XMSR

13.67

-0.02

Gaylord

GET

45.13

+0.50

-

-

-

-

-


Bounceback

Send Us Your OpinionsWe want to
hear from you.

This is your column, so send your comments and
a photo to [email protected]




Below the Fold
Ad Business Report
Jack FM taken over by
Jim Belushi in Chicago
Rich Russo, JL Media,
Has Done It Again...

Media Business Report
Air America To declare bankruptcy?

Who knows! A big controversy...

Media Markets & Money
PBI won't Wait
For Panhandle pair are picking up an old-fashioned AM-FM combo...

Washington Media Business Report
Interoperability project
bogging down
"First responder" is a magic
phrase in DC...

Stations for Sale

Alaska 5 Station Cluster
All from same building
Great Group at 8X trailing BCF
Cliff at Clifton Gardiner & Co
(303)758-6900 [email protected]




More News Headlines

Kurt Hanson to publish "Radio Revitalized"
Consultant Kurt Hanson, publisher of "RAIN: Radio And Internet Newsletter" (www.kurthanson.com) and CEO 320-channel Internet radio station AccuRadio.com, will be releasing his first hardcover book, "Radio Revitalized!", in early 2007. The book says despite continuing press reports of radio's "death," the truth is that radio is in the middle of the most amazingly fertile period of innovation and growth in its history. Hanson reveals the opportunities -- some local, some national, and some even global -- that are available for broadcasters and other entrepreneurs.




TVBR - TV News

Malone to get DirecTV?
Both the Wall Street Journal and LA Times are reporting that News Corporation is on the verge of a deal to swap its controlling stake in DirecTV and a TV station or two in return for the large stock position that Liberty Media holds in News Corp. That would leave News Corp. honcho Rupert Murdoch with no worries about any future takeover attempt by Liberty's John Malone, but it would amount to an abrupt change in strategy for Murdoch just three years after acquiring control of the satellite TV company from GM. But while the satellite TV business is still profitable, both DirecTV and EchoStar have seen their growth rates decline because cable MSOs are having success offering package deals for broadband Internet, TV and phone service. News Corp. and Liberty have been negotiating for some time on how News Corp. might buy back the 11.2 billion stake that Liberty owns without significant tax consequences for either side. A swap of the DirecTV stake would cover about nine billion, with the rest likely to come from some TV stations that are not core assets for the Fox/MyNetworkTV O&O groups.

TVBR observation: If Malone gets DirecTV, his #1 priority would reportedly be to soften up the powers that be in Washington to allow a merger with EchoStar - a move already rejected once by the Feds. FCC Chairman Kevin Martin poured cold water on such an idea last week in a Wall Street conference call arranged by UBS, saying there are not yet enough competing video providers to justify allowing such a merger.




RBR Radar 2006
Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.

Streaming revenues sparse
Internet streaming may be a natural brand extension for radio companies, but Lehman Brothers analyst Anthony DiClemente says efforts so far just aren't generating much in revenues. Meanwhile, those online efforts are further fragmenting the listening audience. Thus, DiClemente continues his "Negative" view for the radio sector.

RBR observation: Pay radio is still a tough sell, even if it is a lot cheaper to send audio out over the Internet than via expensive satellites. We wonder how many people actually pay the subscription fees for the "premium service" that takes you beyond the free channels of the online audio sites. Don't forget, there are costs associated with collecting 3.99 a month from a subscriber, so a subscription model actually makes it harder to get to the break-even point.
09/15/06 RBR #180

Analyst urges Clear Channel
to sell more stations
Marci Ryvicker at Wachovia says Clear Channel has been doing a lot of things right lately, reorganizing management and making deals that expand beyond traditional radio. And while the company has sold off a few stations, she says Clear Channel would improve its ratings and margins if it sold off more non-core radio assets.

RBR observation: We hear there is a list being circulated, though tightly controlled, of a few hundred stations in smaller markets that Clear Channel might be interested in selling. Not that all are going to be sold, but CCU is willing to deal if potential buyers are willing to pay a decent price. We expect to see a slow but steady stream of sales over many months to come.
09/14/06 RBR #179

Forecasting growth for radio
The annual Communications Industry Forecast by Veronis Suhler Stevenson (VSS) sees total spending on radio growing by 5.3% in 2006 to 22.01 billion bucks. But there is a hitch - that includes not only traditional radio, but also satellite radio and online radio. The latter two, though still small, are growing rapidly, while VSS sees much slower growth for traditional radio, which saw growth of only 0.3% last year while satellite radio jumped 156.9%. For all of radio - traditional, satellite and online - VSS is projecting average annual growth of 5.4% from 2005 through 2010 to a total of 27.19 billion "as growth in satellite and online radio will augment slower growth in broadcast radio."

RBR observation: All forecasters think they have this crystal ball when some truly do not have a clue except crunching a number. Crunch away but the real distribution of ad dollars will vary within the next 6 to 12 months with using technology as the key tool. Few companies are out there but only the company that understands the radio business will be the winner. And as for satellite radio lets get real and satellite radio is not yet a solid business. Satellite is a competitor but the real competitor is any hand held device that the consumer controls which includes iPods.
09/13/06 RBR #178

Nielsen may enter
radio ratings competition
A few months after saying no-thanks to a Portable People Meter (PPM) joint venture with Arbitron, Nielsen Media Research confirms that it has been approached by the Next-Generation Electronics Ratings Evaluation Team about making a late entry in the radio ratings RFP competition. Nielsen Chief Information Officer Jack Loftus told RBR/TVBR that his company was approached by the Next-Gen group, not the other way around, so Nielsen is still assessing whether or not it is interesting in the radio competition, which would pit it against the existing entries of PPM from Arbitron and the Smart Cell Phone-based system from The Media Audit/Ipsos.
09/12/06 RBR #177


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