The recession is hitting radio and TV stations hard -- but even with a projected 2010 turnaround, Kagan is conservative in its estimates through 2013, seeing slow growth or continued declines. ...Read the whole story
ZillionTV, the company that looks to bring TV programming to traditional TV sets from the Internet, has signed another content provider: The Weinstein Company. ...Read the whole story
According to Lauren Zalaznick, president of NBCU's women and lifestyle entertainment networks, going green is sound corporate policy. That's why NBC is in its second year of promoting its "Green is Universal" initiative. She says it pays off in goodwill and good works for both the company and the ad community. ...Read the whole story
Nielsen Co. reported revenues of $5.012 billion for 2008, an increase of 6% over 2007, but also disclosed significant charges related to the cost of restructuring key operations, especially the reduction 1,600 employees from its global workforce. ...Read the whole story
Newspapers are in a headlong retreat on all fronts, with two more casualties announced. The New York Times is axing its City section, while the Los Angeles edition of Tribune's Hoy is dropping its daily distribution schedule. ...Read the whole story
Faced with big drops in ad revenue that are now endemic to the radio business, Clear Channel Radio is seeking to stabilize its balance sheets with the appointment of Mitchell P. Goldstein as chief financial and administrative officer. ...Read the whole story
Univision saw television net revenue drop 6% in the fourth quarter, another sign that the ad market is struggling mightily. Spanish-language media had been looked upon as more recession-resistant than the general market. ...Read the whole story
As part of a two-month-long effort to highlight the Volkswagen CC's high design and innovation, MediaCom gave the new take on the Volkswagen Passat (CC stands for Comfort Coup) high visibility at a panel discussion. ...Read the whole story
As agencies aim to adapt to, and stay ahead of, the fast-paced digital world, the 4As is setting up an advisory committee to assist its board of directors. Bob Greenberg, the CEO of agency R/GA, will chair what will be known as the 4As Digital Board. ...Read the whole story
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