• Clear Channel, Salem, Radio One Revenues Rise by Erik Sass

    The radio business got a shot in the arm this week, with positive first-quarter results from three big broadcast groups. Clear Channel Media and Entertainment, Salem, and Radio One all reported revenue growth in the first quarter of 2012 -- suggesting this year may be kinder to the medium than last year. ...Read the whole story

  • ABC Player Downloads Spike by David Goetzl

    Looking to generate advertiser interest prior to the upfront, ABC said its full-episode app for Apple devices has passed the 5 million mark in downloads. That's up from the 3 million that ABC told MediaPost it had surpassed less than six months ago. ...Read the whole story

  • Analyst: DraftFCB Becoming IPG 'Concern' by David Goetzl

    An industry analyst suggested Friday that DraftFCB is becoming a trouble spot for IPG, as the loss of the MillerCoors creative account has become the latest setback for the Chicago-based agency. ...Read the whole story

  • WaPo Digital Revenue Down, Hopes Up by Gavin O'Malley

    The Washington Post Company had a bad first quarter -- and, even worse, its new media division did little to offset its old media losses. First-quarter revenue generated by newspaper online publishing activities -- primarily WashingtonPost.com and Slate -- decreased 7% annually to $24.2 million. Display-advertising revenue declined 11% year-over-year, while online classified ad revenue on washingtonpost.com fell by a single percentage point. ...Read the whole story

  • CBS Inks Post-CEO Production Agreement With Moonves by David Goetzl

    CBS Corp. and CEO Leslie Moonves have an arrangement that could provide him with at least $18 million for a production business after his contract expires. Under the arrangement, CBS would also have to order three series executive-produced by Moonves or pay him penalties. ...Read the whole story

  • MSG Gets Record Financial Results From Knicks by Wayne Friedman

    Buoyed by a strong mid-season run of the New York Knicks, the Madison Square Garden Co. reported record fiscal third-quarter financial results. Revenue climbed 21% to $400.5 million, boosted by a 37% gain in its MSG Sports unit revenue to $216 million. Quarterly earnings grew 63% to $31.1 million. ...Read the whole story

  • Fox Wins Thursday May Sweeps Night, CBS Gets Closer by Wayne Friedman

    Closing in on the end of the season, the second week of the big May sweeps period gave Fox another Thursday night win. But second-place CBS got closer to the top spot versus the week before. ...Read the whole story

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