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Volume 23, Issue 226, Jim Carnegie, Editor & Publisher
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Monday Morning November 20th, 2006
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Radio News ®
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 The devil is in the details
Private equity funds are moving into broadcasting in a big way, but they have to dodge some landmines at the FCC. Thomas H. Lee Partners already has a 23.3% attributable interest in the group buying Univision and both it and Bain Capital hold 25% attributable ownership stakes in Cumulus Media Partners, so it is going to take a creative ownership structure to make their 26.7 billion buy of Clear Channel comply with the FCC's ownership rules. No one is saying yet how the ownership issues will be dealt with, but it has already been worked out. The contract between Clear Channel and BT Triple Crown Merger Co. (the official name of the buyout consortium) states that one part of the related disclosure statements, which are not publicly filed with the SEC, sets fourth the attributable interests of the acquiring entity as far as the FCC is concerned. It also states that "no waiver of, or exemption from, any provision of the Communications Act or the rules, regulations and policies of the FCC is necessary to obtain the FCC Consent." At another point in the contract, it states that anyone who has an attributable interest in BT Triple Crown Merger Co. shall render non-attributable any interest elsewhere which would constitute a conflict with the FCC's ownership rules. So, the ownership structure has already been decided - we just have to wait for the FCC application filing to find out what it is. What is sure is that Clear Channel isn't going to have to get rid of stations because it is in the same markets as Univision and/or Cumulus Media Partners. That would require so many divestitures that this deal wouldn't make any sense.
RBR observation: Lowry Mays and other folks have dealt with this issue before, so they know how to solve FCC attribution problems. Back when Clear Channel merged Heftel Broadcasting, which it owned 100%, with Tichenor Media to create what was then the nation's largest Hispanic radio group, it took a non-voting and non-attributable stake in the new company, Hispanic Broadcasting Company (now part of Univision) so both Clear Channel and HBC could each own up to the maximum allowable number of stations in the same markets. Hicks, Muse, Tate & Furst, a private equity firm that has been active in broadcasting for a long time, was formerly a major shareholder of Clear Channel as a result of its merger acquisition of AMFM Inc. To avoid an attribution problem when Hicks, Muse became the largest shareholder of LIN Television, it took only non-voting stock in LIN, while two super-voting shares were created to make sure that outside directors were able to oversee LIN management. After selling its shares in Clear Channel last year, Hicks, Muse recently acquired one of those super-voting shares and now has an attributable interest in LIN. The folks at Thomas H. Lee Partners and Bain Capital are investors, not operators, so they don't care about having direct voting control of Clear Channel (or Cumulus Media Partners or Univision), just so long as someone they trust is looking after their financial interests.
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 Golden parachutes won't deploy
Since Lowry, Mark and Randall Mays will not be leaving as new ownership takes over Clear Channel Communications, their golden parachutes which would have paid them tens of millions in the event they were removed from their executive positions or quit for cause will not be activated. Instead, the three have cut new deals with their new investors, Thomas H. Lee Partners and Bain Capital, greatly reducing the amounts they will be due if they have a falling out with their new partners. Instead of a lump-sum severance of seven times his salary and highest bonus for the past three years, which would be at least 26 million plus, Lowry Mays, currently Chairman, has agreed to cut that to zero and also relinquished any claim to a million stock options, although he would still receive his salary, bonus and accrued vacation through the termination date. Clearly, the company co-founder is not planning to play a major day-to-day role in Clear Channel once the buyout closes. CEO Mark Mays has agreed to cut a similar seven times salary and bonus, worth at least 13 million, to 2.99 times, which is less than half. President and COO Randall Mays, who is paid only slightly less than his brother, also agreed to cut his golden parachute from seven times to 2.99 times. Both also agreed to forego a million stock options in the event they are fired without cause or quite for good reason.
 Martin: The ayes have it
In fact, the ayes were it, as FCC Chairman Kevin Martin was confirmed by a unanimous Senate for a second tour of duty at the Commission. This one could take him into the next decade or to the next Democratic administration, whichever comes first. Martin was named Chairman 3/18/05 and nominated for a second term by President George W. Bush 4/25/06. He was confirmed before the election break by the Commerce Committee led by Ted Stevens (R-AK), who said, "I'm pleased that we were finally able to clear Chairman Martin. He is a fine chairman, and I am delighted that he will have another term to continue his work at the FCC." NAB President/CEO David K. Rehr echoed Stevens, saying, "NAB has great respect for Chairman Martin and strongly supported his renomination. We look forward to working with him and the other FCC Commissioners going forward." Martin was also pleased by the development, saying "I am deeply honored to have been confirmed by the Senate for a second term as Commissioner and Chairman of the Federal Communications Commission. I thank President Bush and the Congress for the privilege to continue to serve in his Administration and alongside my colleagues on the Commission. I look forward to working with the Administration and Congress, as well as with my fellow Commissioners and the incredibly able staff at the FCC to ensure that all Americans share in the benefits and opportunities offered by the best communications system in the world. I will continue to work to provide a regulatory environment that promotes competition and drives investment and innovation while protecting consumers and promoting public safety."
RBR observation: Martin's predecessor Michael Powell often noted that the role of the Commission as a Congress-created agency was to do the bidding of Congress. When he found himself in the middle of a controversy (at the FCC, some would say that is the equivalent of showing up for work), he said that Congressional instruction would be preferable to broad stroke policy created by non-elected officials. He rarely if ever got the legislative instruction he craved. We suspect Martin, like Powell a Republican, will have the opposite problem, now that a Congress controlled by the Democrats is getting ready to take over. As it is, the commissioners have been regularly summoned across the Mall to Capitol Hill to explain themselves with Republicans in charge over the past few years. That only figures to increase as extremely alert Democratic watchdogs with a fondness for communications issues get ready to set the agenda and decide what needs a little TLO. That's tender loving oversight.
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Senate battlefield 2008
When it comes to in-state political spending, only campaigns for governor can rival the warchests commanded by members of the US Senate. And that is not to mention those who would challenge them. As we saw this year, national organizations picked their spots and funneled boatloads of money to states where the race was seen as competitive. And when one national organization attacks, counterparts are forced in to defend. 33 senate seats will be on the ballot in 2008, and the news for Republicans is not good. They will be playing defense again, with 22 seats to defend, leaving the Democrats to hold on to only 11. The most notable from a broadcast perspective is probably Ted Stevens (R-AK), filling out his last few weeks as chair of the Commerce Committee; presumably when the 110th Congress begins he'll be co-chair/ranking member. To see if your state in on the senatorial map for 2008,
| Look here |
 Barton stays put?
The brief skirmish in the US House of Representatives over who would assume the mantle of Minority Leader ended last week, and the upshot for the communications industries is that it probably will result in the return of Joe Barton (R-TX) to the Committee on Energy and Commerce. Barton withdrew from the race for the top leadership role among Republicans before it came to a vote, leaving it to Mike Pence (R-IN) to lose to odds-on favorite John Boehner (R-OH), who repeated his victorious intramural ways after earning the Majority Leader post in the wake of the departure of Tom DeLay earlier this year. That more than likely leaves Barton with the top Republican slot at Commerce, although he will have to get used to operating on the minority side of the aisle. Barton has been a champion of the Telecom rewrite that promised to pave the way of telcos into the MVPD business via a national franchising regime (which would conditionally apply to cable as well). The national franchise part of the legislation had widespread bipartisan support, but the failure of Republicans to include protections for Internet neutrality spurred opposition from most Democrats and some Republicans, and although Barton was able to push his version through the House, net neutrality was primarily responsible for stalling the bill on the Senate side.
RBR observation: The Republican party discipline DeLay was famous for enforcing in the House was evident in the Commerce Committee. Work on the Telecom bill started out with talk of bipartisanship and building from areas of agreement, and wound up with disgruntled Democrats and a party-line vote on a bill shaped as Republican leadership wanted it. Democrats received their five minutes of open mic time at each hearing, but were rarely able to add or subtract language from a bill unless Barton and Fred Upton (R-MI) decided it was acceptable. It seemed that compromise was rarely an option. By contrast, the Senate Commerce Committee often featured genuine give and take, and how a member would vote on a key item was not always predictable based on party affiliation. While we expect little change in the culture of the Senate Commerce Committee, we expect dramatic change on the House side. If you want to see how it's going to be for the communications industry on the Hill for the next two years, this is the place to watch.
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| Wall Street Media Business Report TM |
Arbitron wants its stock back
In the second quarter of this year, Arbitron completed a 70 million bucks stock buyback plan that had been authorized by its board last year. But the folks at the radio ratings company still think the stock is under-appreciated on Wall Street, so the board has now given the OK for an even bigger stock buyback - up to 100 million. According to calculations by CL King analyst Jim Boyle, that could mean a buyback of about 2.2 million shares and reduce Arbitron's shares outstanding by about 7.6%.
For every action, there is an equal and opposite lawsuit
The price for Clear Channel is too low. The directors of the company are not acting to maximize the value of the company. And they are cutting current shareholders out of the company's future successes. These are the charges of a suit from Lou Ann Murphy seeking an injunction to stop the transaction, or damages in the event it can't be stopped, according to a Reuters report. Murphy is seeking class action status. With interested members recused, Clear Channel board members are said to have signed off on the 26.7B cash/debt deal with Bain Capital Partners and Thomas H. Lee Partners.
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Ad Business Report TM
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Wal-Mart partners with Salem on a 300k Q4 campaign
Vista Radio Reps is a division of Salem Radio Network that was created in 2005 to help reach and attract general market national advertisers who want to reach audiences listening to Salem's conservative News Talk and CCM (Christian Contemporary Music) stations. VRR Atlanta partnered with Chris Werner of 1-2-1 Direct Media on an assignment from Wal-Mart to help reach active and involved listeners who have a preference for programming with Christian and family themes and values. The discussion led to a unique, exclusive, 300,000-dollar two-pronged campaign involving a three-week flight across 17 Salem markets, and a sponsorship of Christmas music programming on eight of the company's CCM stations. Said Peg Hudson, Manager of Vista Radio Reps: "What made this exciting was the ability to use our proven assets to assist the nation's largest retailer to help spread its message of welcoming Christmas back to Wal-Mart this season". Mark Turcotte, of the VRR/Atlanta office added, "Our team is truly some of the best and brightest in the industry and this is just one of an enormous number of partnerships we've been able to forge as more and more general market advertisers realize the shear numbers and the incredible buying power of the large and growing Christian consumer base."
 Smoke and mirrors:
The magic of success
by Rich Awn, AE WOR 710 AM
(212)642-4543 [email protected]
"There's a million stories in the naked city!" barked the GSM. "I need you to sell units every day! Why is this so hard??!!" emphatically pointing in my face. "Oy vey!" I groaned to myself, slumping back into my ergonometric chair, pushing aside a pile of moldy business cards strewn asunder. Is this a rhetorical question or is this job really hard sometimes? Let it be known that with 3 full years of experience (yes, I'm a noob), there's been no shortage of rhetoric heaped on the plate of my GSM to explain why certain accounts "just go away" or "never got off the ground." This kind of tall tale invariably forms that all-too-painful knot in your throat followed shortly thereafter by a tsunami of sweat from the brow, moving on to a perpetually sinking stomach, and the inevitably dreadful preemptive void you know is increasing in your wallet. It's a hellish place to be and we as sellers have polished our steely shields of "creative explanation" to a lustrous sheen of perfectly reflective chrome, right? We can regard ourselves in this distorted mirror of lame excuses, curse and ponder why our best efforts have somehow gone awry. Maybe even take a moment of self-loathing reflection to revisit what shoulda-woulda-coulda happened. Why then, I ask, must we sulk and diminish in the gloom of smoke and mirrors when the bucolic garden of power and prosperity is waiting just beyond the illusion? It's focusing on our success stories that will bring us there, my brothers and sisters! Success!
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| Media Markets & Money TM |
Hail, hail Fredonia
We're sure Groucho Marx would approve of this deal. Groucho once served as the fictional dictator of the fictional nation of Fredonia in "Duck Soup." The Fredonia in question is more substantial, on the western edge of New York state near Lake Erie, right next to Dunkirk and a little less than 30 miles southwest down the shore from Buffalo. Fredonia's WBKX-FM and Dunkirk's WDOE-AM are going to a pair of veteran New York broadcasters, George W. Kimble and Alan Bishop. They're buying the stock of Chadwick Bay Broadcasting Corporation from John H. Bulmer. According to Dick Kozacko of Kozacko Media Services, the pricetag is 850K. Kozacko says the AM is playing Oldies, while Country fare can be heard on the FM. Kimble and Bishop also own The Finger Lakes Radio Group, active with eight stations in the central portion of the state.
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| Washington Media Business Report TM |
 FCC says waivers are Hoak-ey dokey
Hoak Media's 86.8M acquisition of Wicks Group television stations in the Dakota involved eight stations in three markets. There was a standalone in Fargo ND, along with a quartet in Bismarck ND and a threesome in Sioux Falls SD. Anybody who has been in broadcasting in the Midwest would likely recognize this immediately as a standard flagship/satellite set-up common to sparsely populated areas. To acquire these stations as ongoing concerns in the manner they had been doing business, Hoak was forced to prove several criteria to justify the arrangement. The company showed no overlap between stations, it showed that the areas are underserved, and it showed that no alternative operator was available to go into the areas and provide service by either buying or constructing a station(s). Brokerage firm Kalil & Co.'s Kelly Callan entered testimony into the record to the effect that the stations were unmarketable as separate entities. Nobody thought the stations could survive except as a flagship/satellite package.
RBR observation: If it were economically feasible to run the satellite stations as standalones, they would be. But it isn't. The alternative to operating small town TVs as satellites is to tear them down. They serve the public interest, for crying out loud - it's the satellite or it's nothing. Maybe there should be a rulemaking which would allow transferees to note on the application that the TV cluster is set up the only way it can be economically, that it's already been proven, and if there are any questions after reviewing the established proof which is already on the record, it can be asked when the contract for sale is being reviewed. It seems silly to continue these satellite station reviews, which always seem to do nothing more than reaffirm an arrangement that has already received regulatory approval from the very same FCC.
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| Entertainment Media Business Report TM |
96 Rock/Atlanta blown up for "Project 9-6-1"
Now, perhaps, we know the real reason the "Regular Guys" were let go recently at the station. CC Radio's Classic Rock 96 Rock was blown up Friday to become Active Rock Project 9-6-1. Not sure why they would blow up a heritage station for a smaller format change, but there it is. Sister Alternative WBZY PD Chris Williams is PD for the new station.
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| Ratings & Research |
 Arbitron, Coleman deliver
PPM study to analysts
Dozens of analysts who cover the radio industry for Wall Street are now aware of radio's impressive ability to maintain high audience levels during commercial breaks. This is the result of a series of online webinars delivered by Arbitron and Coleman over the last two weeks. The webinars featured a presentation of What Happens When the Spots Come On: The Impact of Commercials on the Radio Audience, the landmark study released by Arbitron, Coleman and Media Monitors at the NAB Radio Show in September. Analysts from many firms-including Merrill Lynch, J.P. Morgan, UBS, Morgan Stanley, Bank of America, R.W. Baird and C.L. King-viewed key findings of the study, most notably that radio holds more than 92% of its lead-in audience during the average commercial break. They also had an opportunity to ask questions about the study's findings to Coleman President Jon Coleman and VP Warren Kurtzman, who delivered the presentations. In addition, Coleman has presented the findings of the study to the board of directors of the RAB, local advertising clubs and more than a dozen radio groups in the US and Canada. The publicity plan also includes an ad campaign focused on the "92%" message running in trade mags targeting the ad industry. The What Happens When the Spots Come On: The Impact of Commercials on the Radio Audience study analyzed nearly 94,000 commercial breaks that ran on Houston radio stations in November and December 2005, as monitored by Media Monitors.
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| Internet Media Business Report TM |
CNBC details re-launch of CNBC.com
CNBC announced new hires and appointments in preparation for the December 4th relaunch of cnbc.com. "On December 4th, cnbc.com will change the landscape of digital business news," said Mark Hoffman, CNBC President. "We've recruited all-stars from across the industry to create a 'game-changing' site that perfectly complements our worldwide television network while offering a breadth and depth of business news coverage that simply doesn't exist on the web today."
| The following have joined cnbc.com |
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| Monday Morning Makers & Shakers |
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Transactions: 10/2/06-10/6/06
Do you wanna talk slow? OK, let's talk slow. This week was slow. Four transactions for four stations. No FMs. Only one deal valued more than 300K. Where'd everybody go? We haven't the foggiest idea, but maybe we should've gone there too.
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Total
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Total Deals
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4
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AMs
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2
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FMs
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0
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TVs
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2
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| Value |
21.134M
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| Complete Charts |
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Radio Transactions of the Week
Birmingham sleeper leads the pack
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TV Transactions of the Week
Double dipper for Springfield double
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| Transactions |
4M WKRT-AM/WIII-FM Ithaca NY (Cortland NY) from Citadel Broadcasting Company (Farid Suleman) to Saga Communications of New England LLC, a subsidiary of Saga Communications Inc. (Edward K. Christian). Cash. Superduopoly with WHCU-AM, WNYY-AM, WYXL-FM & WQNY-FM. Citadel will spin WKRT-AM to Bible Broadcasting Network to comply with local ownership caps. [File date 11/2/06.]
169,947.77 WAJF-AM Huntsville AL (Decatur AL) from WAJF Inc. (Troy Bryant) to Christian Voice of Central Ohio Inc. (David R. Kolbe, Dan Baughman et al). 39,947.77 deposit, balance in cash at closing. [File date 11/2/06.]
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| Stock Talk |
Stocks end week mixed
A drop in new home construction kept a lid on Wall Street trading Friday. The Dow Industrials still managed to reach another record high, climbing 37 points, or 0.3%, to 12,343. The S&P 500 was slightly higher and the Nasdaq Composite fell a bit.
Radio stocks were virtually unchanged. The Radio Index slipped 0.122, or 0.08%, to 152.338. Arbitron had the best day, up 2.6%. Journal fell 2.7%.
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| Radio Stocks |
Here's how stocks fared on Friday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
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Arbitron
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ARB
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45.25
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+1.14
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Hearst-Argyle
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HTV
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25.49
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-0.14
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Beasley
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BBGI
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6.97
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+0.02
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Journal Comm.
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JRN
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11.50
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-0.32
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| CBS CI. B |
CBS |
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29.80
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+0.02
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Lincoln Natl.
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LNC
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65.18
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-0.44
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| CBS CI. A |
CBSa |
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29.65
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-0.08
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Radio One, Cl. A
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ROIA
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7.17
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unch
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| Citadel |
CDL |
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9.89 |
unch |
Radio One, Cl. D
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ROIAK
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7.20
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+0.07
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Clear Channel
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CCU
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35.22
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-0.14
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Regent
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RGCI
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3.43
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-0.01
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Cox Radio
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CXR
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16.72
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-0.14
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Saga Commun.
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SGA
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8.67
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-0.12
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Cumulus
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CMLS
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11.24
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-0.01
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Salem Comm.
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SALM
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11.73
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+0.16
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Disney
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DIS
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32.94
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-0.12
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Sirius Sat. Radio
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SIRI
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4.05
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-0.06
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Emmis
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EMMS
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12.42
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-0.20
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Spanish Bcg.
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SBSA
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3.96
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-0.02
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| Entercom |
ETM
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28.61
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-0.18
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Univision
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UVN
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35.44
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+0.09
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Entravision
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EVC
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7.40
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-0.03
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Westwood One
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WON
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6.78
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+0.02
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Fisher
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FSCI
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44.63
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+0.58
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XM Sat. Radio
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XMSR
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14.69
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+0.36
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Gaylord
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GET
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50.23
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-0.23
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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
Wal-Mart partners with Salem
On a 300k Q4 campaign...
Smoke and mirrors:
The magic of success is...
Ratings & Research
PPM study to analysts
Are now aware of radio's impressive ability to maintain high audience levels...
Shakers & Makers
Do you wanna talk slow?
Four transactions for four stations...
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Stations for Sale
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South Georgia
AM-FM-LPTV Combo
Includes 25kw FM
Zoph Potts @ (252) 940-1680
[email protected]
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Radio Media Moves
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New Louisville sluggers
Salem Communications announced that Mark Thomas has been promoted to General Manager of its four-station cluster in Louisville, KY. He had been Station Manager of WGTK-AM. Joining Salem in Louisville is Steve Green, who is now Station Manager of the cluster. He was most recently Editor of Coastal Christian Family Magazine in Destin, FL, following a long career in radio and cable ad sales.
 New BMI director
Mark Pedowitz, President, Touchstone Television and Executive Vice President, ABC Entertainment Television Group, has been elected to a four-year term on the BMI Board of Directors. At the annual shareholders' meeting Cecil L. Walker, former President & CEO of Gannett Broadcasting, was reelected Chairman of the BMI Board, and Jack Sander, President of Media Operations for Belo Corporation was elected Vice-Chairman.
K-Earth NSM
adds KNX
Amanda Arrington, National Sales Manager of CBS Radio's K-Earth 101 in LA, will add KNX 1070 to her NSM duties, effective immediately. Arrington's appointment was jointly announced by Sue Freund, K-Earth GSM and Rosemary Hernandez, KNX GSM.
Greater Media ups Ginsburg in Boston
Greater Media, Inc. announces David Ginsburg has been promoted to Program Director of WBOS-FM in Boston. His new position will go into effect immediately. Ginsburg has been Music Director of WBOS since January of 2004. Prior to that, he served as Promotions Director of WBOS-FM.
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More News Headlines
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Garage sale at Journal Communications
Journal Communications has sold the former maintenance facility for the Milwaukee Journal Sentinel to a local real estate developer, Daniel Druml. The company isn't saying how much it got for the garage, but we are talking about a big garage! Druml plans to build a new complex to be known as Haymarket Square on the downtown Milwaukee site. It is expected to house a 45,000 to 65,000 square foot retail or grocery store, with four stories of office space totaling 88,000 square feet. And there will be another development of either apartments or condos and more retail space. In all, the project will cover an entire city block.
ABC News Radio announces Thanksgiving specials
ABC News Radio will offer special programming for the Thanksgiving Holiday Weekend, including three one-hour specials: "The ABC's of Shopping for Kids: Making the Best Buys for the Holidays;" "The ABC News Radio / Consumer Reports Holiday Buying Guide 2006;" and "The ABC Holiday Movie Guide 2006." In addition to the special programming, ABC News Correspondent Aaron Katersky will be embedded with U.S. Troop in Iraq. Katersky will report from the field through the Thanksgiving Day Holiday Weekend while traveling with troops.
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Download Now
October '06 RBR/TVBR Solutions Magazine
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RBR Radar 2006
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Radio News you won't read any where else. RBR--First, Accurate, and Independently Owned.
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448 stations up for sale;
More to come
Christmas came early for media brokers as Clear Channel put 448 smaller market radio stations (Boise is the largest market) and all 42 of its TV stations up for sale. We know that company co-founder Lowry Mays and his two sons, CEO Mark Mays and President/CFO Randall Mays, will be investors in the new owner and that Mark and Randall will stay on to run the company.
RBR observation: Is 37.60 a good deal? We would have been surprised to see the bidding go to 40, which was the rumored target. There is more in this report of RBR
11/17/06 RBR #225
What's for sale at Clear Channel
Look at the shopping list RBR has done the work for the Radio Business. Key is finding the right player that wants these stations in these markets.
11/17/06 RBR #225
Still no accreditation for PPM
Wednesday's meeting, 11/15/06, of the super-secretive Media Ratings Council (MRC) still left Arbitron's Portable People Meter without MRC accreditation. Arbitron says PPM still has to answer MRC concerns in two areas, but doesn't say what they are.
RBR note: The entire statement by Arbitron and what you need to know is in this issue in our Ad Business Report section.
11/17/06 RBR #225
A stocking-stuffer's view of Clear Channel Television
There's a little something for everyone in the grab bag that is the Clear Channel Television Group, now on the market just in time for the 2006 gift-giving season. Are you interested in market size? It runs from #5 to #202 with few significant gaps. Are you looking for a specific network affiliation? There are seven allied with Fox, seven with NBC, seven with CW, six with ABC, six with CBS, four with MyNetworkTV and two with Telemundo. Do you hate networks? There are three independents.
RBR note: For anyone in Radio interested in TV we have the complete list and details.
11/17/06 RBR #225
Is Q4 boost sustainable?
Three Wall Street analysts are out with warnings that the Q4 improvement in radio revenue growth is not likely to continue into 2007.
RBR observation: Radio CEOs sounded a lot more optimistic in their Q3 conference calls than we have heard in a long time. If Q4 gains prove to be just a fluke, 2007 is going to be another long, tough year for radio. The operators insist that advertiser demand is improving noticeably, so the proof will be in pacings for January and beyond. We wait to see if the long drought is really over.
Publisher note: Stay with RBR and we will guide you through with our 24 years of experience. It is not the first time RBR and staff have seen shaky times and we will not only report Radio News but we will develop business reports to assist in your day to day operation. These reports begin in 2007.
11/16/06 RBR #224
Time to bail on Cox stock?
Analyst Mark Wienkes has put Cox Radio on the Goldman Sachs "America's Conviction Sell List." He thinks the stock is overpriced, based on overstated expectations that Cox Enterprises will buy out the public shareholders. More importantly, while several radio groups have indicated a pickup in business for Q4, Wienkes is not impressed. (More see)
11/15/06 RBR #223
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Research Director
TVB (Television Bureau of Advertising) New York City Experience in media sales research/market research. Knowledge of: Nielsen NTI & NSI, TNS, Polk, Scarborough, MRI, Excel/PowerPoint. EOE
See TV Careers
Account Executive
KUVN TV 23 Univision Dallas looking for a bright and dynamic advertising executive. Must have Bachelor's deg. in Marketing or related field and at least 3 years of experience in electronic sales. EOE.
See TV Careers
Account Executive
KSTR TV 49 TeleFutura Dallas Join a fast growing sales force. Ideal executive will have Bachelor's degree in Marketing/related field and or at least 1 year's experience in advertising electronic sales. Spanish-English is preferred, but not req. EOE.
See TV Careers
Hard finding that key person
to fill the important position at your organization? Media HeadHunters is the place that key media firms use to get results. See Media HeadHunters and get results with service--Period.
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Help Desk
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__FIRST__ __SECOND__ :
Having problems with our epapers?
Please send Questions/Concerns to:
[email protected]
If you wish to remove your name completely from our database use this link __UNSUB__
RBR Epaper -- 108 annual
or just 9 a month
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©2006 Radio Business Report, Inc. All rights reserved.
Radio Business Report -- 2050 Old Bridge Road, Suite B-01, Lake Ridge, VA 22192 -- Phone: 703-492-8191
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