Cautious optimism abounds for the economic outlook, with the Federal Reserve predicting that the Great Recession is “leveling out.” Financial markets are improving, the Fed says. Household spending is “stabilizing.” Businesses are realigning inventory with sales. Thus “market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.” […]
It was definitely a feel good moment last week when Clear Channel announced that it plans to donate four radio stations to the Minority Media Telecommunications Council. The MMTC says it will work with the National Association of Broadcaster’s Leadership Training Program to “use the stations for training and to incubate new minority and women […]
The irony would be so delectable if it weren’t for the 1033 unfortunate drivers whose cars were stuck in the mud, many of which were totaled and not returned for over a week. As Jerry Del Colliano reports at Inside Music Media, a Clear Channel station in Grand Rapids, MI threw its annual B93 Concert […]
Sometimes you have to hand it to the financial press, there’s nothing like a little money to make them believe in old fashioned values, like localism, again. Any keen observer of the commercial radio landscape knows that right now the nation’s largest radio station owners are certainly not making money. But, as the Wall Street […]
Four radio giants have agreed to pay the United States government a total $12.5 million dollars to settle an Federal Communications Commission investigation into their “payola” practices—the undisclosed play of music in exchange for cash, gifts, or favors. The FCC says that CBS radio, Entercom Communications, Clear Channel Communications, and Citadel Broadcasting will agree to: […]
