Raycom launching video channel
Raycom Media has figure out what to do with one of its multicast digital channels. It's teamed with MTV co-founder Les Garland to launch a new video music channel. The new venture, Tube Music Network, will feature adult contemporary (AC) music and target adults 35+. It will be based in Miami and air on a digital channel of each of Raycom's 39 stations. And before you apply to be a video jock - - don't bother. There won't be any, just non-stop music videos. (At least in the beginning.)
RBR observation:
If you want to launch a video music channel, you can't get anyone with more experience than Les Garland. He's done it twice before with MTV and VH1. We discovered, by the way, that he was pitching the Tube concept with a video demo in 2004. You can find it on the ReelRadio website at http://www.reelradio.com/lg/.
Adelphia settles fraud case
Now that Adelphia Communications has agreed to be bought out for 17.6 billion by Comcast and Time Warner, Uncle Sam can be paid too. Adelphia's management has agreed to pay the government 715 million to settle fraud charges dating back to the previous management of John Rigas and his family. They are also forfeiting most of their remaining assets to settle the fraud case. The government will use the settlement payments to establish a fund to compensate victims of Adelphia securities fraud.
Limbaugh listeners meet 300K challenge
Several of Rush's radio listeners promised yesterday to match his 300,000 dollar donation to leukemia research, responding to a challenge issued by during his Friday broadcast.
As part of his annual leukemia Curathon drive, Limbaugh announced his own 300,000 pledge, then promised that anyone who matched it would get a special bonus: "The first person to match the 300 grand, when the check clears and all that, we'll send a jet to pick you up and bring you to the EIB command. You can be part of the program during the day, watch it, have lunch with the staff...we'll go out and have dinner and have the jet take you back home."
Are you reading this from a forwarded email?
