The New York Times, April 29, 2005
The Wendy's fast-food chain, having been wrongly accused, now faces the task of rebuilding an image tainted by a woman's claim last month that she found a severed finger in her beef chili.
The New York Times, April 29, 2005
In a showdown that featured inside-the-Beltway lobbying and bare-knuckle boardroom negotiating, Donald J. Trump and President Bush effectively squared off yesterday in pursuit of the same parcel of real estate - a piece of the NBC-TV prime-time lineup. And it was the president who blinked first.
The New York Post, April 29, 2005
The city now has the power to crack down on 1,000 illegal billboards that have spread like weeds along busy roadways in recent years, under a law signed yesterday by Mayor Bloomberg.
TheStreet.com, April 29, 2005
Clear Channel lit a fire under its long-stagnant stock Friday, setting a plan to spin off one unit, sell shares in another and return cash to shareholders through dividends. The San Antonio, Texas, radio broadcaster said it would sell 10% of its Clear Channel Outdoor unit in an IPO and spin off its entire Clear Channel Entertainment unit to shareholders. The company also plans to pay a $3 special dividend and boost its regular quarterly payout by 50%.
The New York Post, April 29, 2005
Sirius Satellite Radio saw its quarterly loss balloon to nearly $200 million yesterday, partly due to the gobs of money the company is shelling out for high-profile programming.
MediaWeek, April 28, 2005
L'Oreal USA said it has moved Maybelline's approximately $75 million planning and buying business to Publicis Groupe's ZenithOptimedia. The Maybelline assignment had been with Interpublic Group's Initiative.
The New York Times, April 28, 2005
Viacom is set to hire Michael Dolan, a former advertising executive, as its new chief financial officer, the company said. Mr. Dolan would succeed Richard J. Bressler, who left the company this year.
Editor & Publisher, April 26, 2005
The editorial staff of the New York Daily News should get ready for their close ups. The daily tab will be the subject of a new reality program (all typing, all day) produced by Bravo and Hearst Entertainment appropriately called, "The Daily News." Six one-hour episodes are slated to air on Bravo in late 2005 or early 2006.
MediaWeek, April 27, 2005
For the past week, Wenner Media's Us Weekly has been crowing about scoring the first, exclusive photos of Angelina Jolie (and son Maddox) and Brad Pitt vacationing on a beach in Kenya. Wenner insiders were full of glee, banking on 1 million-plus newsstand sales. But that didn't deter the intrepid Star from reporting the story--or from putting the happy couple on its cover. Except, unlike Us Weekly, the photo was a composite of Brad and Angelina.
USA Today, April 27, 2005
Last week, in a move that got national attention, NBC blinked and acknowledged that Today needed its own wake-up call. NBC-Universal president Jeff Zucker fired executive producer Tom Touchet, who had run Today for two years, and replaced him with a morning-show novice, NBC sports producer Jim Bell. Bell is Today's fourth producer in five years.