Archive for July, 2008
CBS Radio to sell 50 stations
Thursday, July 31st, 2008CEO Les Moonves says the decision to divest 50 mid-sized markets comes as the company adjusts its portfolio. He says “By selling these slower-growth stations, we can focus on the larger markets that are showing real growth.” Moonves says big market stations did “very well” in the second quarter. Overall, CBS Radio same-station revenues dropped 9% in second quarter to $416 million.
Source: Inside Radio
Device uses car stereo satellite radio hookup for iPod
Wednesday, July 30th, 2008Borrell: Say goodbye to the yellow pages
Wednesday, July 30th, 2008Borrell Research predicts 39% of yellow page revenues will vanish as local advertisers shift spending to the internet. But that doesn’t mean radio has one less competitor. Borrell says directory publishers have “unleashed a newly-trained army of local sales people to hunt down this migrating money.” The firm says yellow page sales reps have been cross-trained and are now doing battle with radio and other local media to win online dollars.
Source: Inside Radio
Royalty advocates see web radio wedge
Wednesday, July 30th, 2008As internet radio stations fight to get a reduction in Copyright Royalty Board-levied royalties, there’s a move to tie it to the effort to win a performance royalty from over-the-air radio. Sen. Dianne Feinstein (D-CA) says “I don’t know how we ever get to a system of rate parity by leaving the 800-pound gorilla out of the room.” So far NAB lobbying has secured the pledge of 222 House members and 14 Senators to oppose what the NAB says amounts to a tax.
Source: Inside Radio
Radio unknowingly airs 90,156 free commercials
Tuesday, July 29th, 2008Wrigley Gum will disclose today that it paid Chris Brown to include a subtle reference to its gum in the song “Forever”. Mediabase has recorded 628 million audience impressions of the song, which includes “Double your pleasure, Double your fun” in its chorus. Brown was commissioned to write and sing the song as well as update the classic Doublemint jingle, which will be used in radio and TV commercials.
Source: Inside Radio
Mid Year Music Biz Report Card: CDs Down, Digital Sales Up, Tours Steady
Tuesday, July 29th, 2008Though Lil Wayne and Coldplay have both done blockbuster numbers, the first half of 2008 saw the further stagnation of CD sales. [MORE]
Source: Rolling Stone
FCC delays decision on mandatory HD Radio.
Monday, July 28th, 2008As part of its approval of the merger, the FCC has said ‘no’ to requiring XM-Sirius to include HD Radio receivers in all new satellite radios. But the approval did include some requirements.
Source: Inside Radio
Five ways to make digital music sing
Monday, July 28th, 2008Big Media Gets Serious About LiveStreaming
Monday, July 28th, 2008LiveStreaming video service Mogulus will announce a new round of financing later today. The size of the investment won’t be disclosed, although we’ve heard from a source that it is in the $10 million range. [MORE]
Source: TechCrunch
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