Thursday, June 24, 2010
  • Broadcast To Grow 6% In 2010

    Broadcast stations are seeing rising profit margins -- now up to 35% in the first quarter of 2009 -- across a range of publicly traded TV groups. This is an 11-point gain in profit margin, with its ratio of earnings before EBITDA. 2010 and 2011 are on track for upticks in revenue, too. ...Read the whole story

  • Ad Group Gives $10M For Family Fare

    Major TV advertisers are making a renewed effort to get big TV networks to commit to family programming, but are looking at digital platforms too. To aid in the effort, the Association of National Advertisers' Alliance for Family Entertainment said it has started a $10 million media fund to support family entertainment for the broadcast networks. ...Read the whole story

  • Canoe Achieves Some Success, Smoother Tech Will Enhance Output

    Forget about paddling a canoe upstream. David Verklin suggested Wednesday that Canoe Ventures' efforts to launch its interactive advertising application have been more like turning around an aircraft carrier while dodging torpedoes. ...Read the whole story

  • MediaCom Names Pyne Chief Client Strategy Officer

    Chris Pyne is joining WPP's MediaCom as managing partner, chief client strategy officer. Pyne formerly senior vice president, planning head at Optimedia. He will report to Euan Jarvie, chief operating officer, MediaCom U.S. ...Read the whole story

  • Top General Resigns Over 'Rolling Stone' Comments

    Gen. Stanley McChrystal, the top U.S. commander in Afghanistan, was relieved of his command because of disdainful remarks quoted in Rolling Stone -- a reminder of the power of investigative reporting. ...Read the whole story

  • Leo Burnett Sydney Wins Cannes Media Grand Prix, Judges Nix Radio Category

    Leo Burnett Sydney won the Media Grand Prix for its 'Eos Photochains' campaign for Canon Australia Wednesday during the Media Lions awards at the Cannes Lions International Advertising Festival in France. Fischer Portugal took second place and Lew'LaraTBWA São Paulo won third place. ...Read the whole story

  • Clear Channel CEO Steps Down, Ends Family Control

    Clear Channel Communications boss Mark Mays will give up his positions as president and CEO by the end of the year, according to the company, which owns the largest broadcast radio and out-of-home advertising groups in the country. ...Read the whole story

  • Food Network Expands Globally

    The Food Network's international expansion keeps cooking. The Scripps network said Wednesday it has a deal to debut in Singapore and expand its presence in Europe and the Middle East. ...Read the whole story