Tuesday, March 24, 2009
  • Buy Back: Cox Radio To Go Private

    Hoping to escape constant pressure from investors to show short-term growth, Cox Enterprises said it will buy back outstanding shares of Cox Radio and take the company private, with an offer of $3.80 per share, for a total buy of roughly $69 million. ...Read the whole story

  • Time Warner Goes Euro, Buys CME Stake

    Time Warner has gone old-school of sorts--buying a stake in CME, the 15-year old broadcasting company with interests in Central and Eastern Europe. Time Warner's investment comes to $241.5 million--or 31% interest in CME, Central European Media Enterprises. For that investment, Time Warner also gets to place two members on CME's board of directors. ...Read the whole story

  • Hachette Puts Enthusiast Titles Up for Sale

    Hachette Filipacchi, struggling to stave off the losses that are now endemic in the magazine industry, has quietly put a number of well-known enthusiast publications up for sale. Titles on the auction block include American Photo, Boating, Cycle World, Flying, Popular Photography and Sound & Vision. ...Read the whole story

  • Cartoon Network Teams Up With NBA

    Turner's long-term relationship with the NBA will expand to include short-form programming on Cartoon Network this fall. ...Read the whole story

  • Nexstar Will Manage Four Points Media

    The Nexstar station group has a deal with a private-equity firm to manage the seven stations it acquired two years ago from CBS Corp. Under the agreement, Nexstar will meld operations for the group of mid-market stations--which fall under a Four Points Media banner--into its 52-station portfolio. ...Read the whole story

  • Advance Folds 'Ann Arbor News,' Unpaid Furloughs Companywide

    Advance Publications said Monday it will cease daily publication of the Ann Arbor News in July and scale back distribution of three additional Michigan newspapers. Advance will also require employees to take a 10-day unpaid furlough at most of its other newspapers, including the Cleveland Plain Dealer, Star-Ledger and the Times-Picayune of New Orleans. ...Read the whole story

  • Digital Startups Face Funding Obstacles

    HOLLYWOOD, Calif. -- Tough times for digital start-ups--and those that need necessary financing--will continue for the better part of 2009. Venture-capital money for digital companies sank to $28 billion in 2008 from a high of $35 billion in 2007--a peak year--and it's expected to go lower this year. ...Read the whole story

  • 'Red Zone' Kicks Off On Cable

    The NFL is bringing a key part of the Sunday-afternoon package to cable that competitor DirecTV has had exclusively since 1994. The move comes as the league and large cable operators have been in a grudge match. The "Red Zone Channel" will be available on cable before the 2012 season. ...Read the whole story

  • Obama, NCAA Score For CBS