| Losses Dog Sirius, XM | The Wall Street Journal May 13, 2008 | Sirius Satellite Radio Inc. posted a narrower first-quarter loss as it continues to await regulatory approval for its plan to acquire rival XM Satellite Radio Holdings Inc.
The merger of the only two U.S. satellite-radio companies is still being reviewed by the Federal Communications Commission.
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| | Cumulus Media's Buyout Falls Apart | | The Wall Street JournalMay 13, 2008 | Cumulus Media Inc.'s $530 million privatization fell apart Monday, reflecting continuing weakness in the credit markets and the radio industry.
The investor group will pay Cumulus a $15 million termination fee.
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| | Asset sales boost Clear Channel profit; Deal still in limbo | | Associated Press/AP OnlineMay 10, 2008 | NEW YORK - Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.
Clear Channel earned $799.7 million, or $1.61 per share, in the first three months of the year, versus $102.2 million, or 21 cents per share, in the same period a year ago.
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| Warner Music Sees Deficit Widen | | Los Angeles TimesMay 09, 2008 | Warner Music Group Corp. said that higher costs and a shift to digital music resulted in a wider fiscal second-quarter loss and that it had suspended dividends.
The company's shares fell 16 cents, or 1.8%, to $8.89.
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| | Losses and Static For Radio One; After Profit Dives, Leaders Explain Share Sales | | The Washington PostMay 09, 2008 | Urban broadcaster Radio One yesterday said it lost $18.3 million in the first three months of the year, as a slump in national advertising sales overshadowed company efforts to revamp operations and hire on-air talent.
Still, its stock has fallen below $1 to its lowest levels since Radio One went public nine years ago.
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| UMG confirms deal with Qtrax to allow free music downloads | | Associated Press/AP OnlineMay 07, 2008 | SAN JOSE, Calif. - Universal Music Group confirmed Tuesday that it has reached a deal with file-sharing site Qtrax to allow free, legal downloads of UMG music.
UMG and EMI Group PLC also said at the time they did not have licensing deals in place with Qtrax.
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| | Music Marketing is in Throes of Digital Transformation | | Tampa TribuneMay 05, 2008 | May 5--TAMPA -- If the MP3 was a shot across the music industry's bow, Radiohead's "In Rainbows" may have been the torpedo that sank the ship.
The English art-rock quintet initially released its latest album as a pay-what-you-want download.
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| In the Internet Age, AM Radio Needs Fine-Tuning | | The Washington PostMay 04, 2008 | The flat voice of a police officer reading off the blotter contrasts starkly with the smooth introduction from the professional announcer who precedes him on the air: "8:09 p.m., report of juveniles setting fire to a pile of papers behind an apartment complex; 3:14 p.m., Annapolis police respond to report of an argument.
The man violently resisted efforts to place him in the police car."
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| | Federal judge sets formula for Internet music royalties | | Associated Press/AP OnlineMay 01, 2008 | SAN FRANCISCO - A federal court on Wednesday established a formula for determining the Internet royalties owed to thousands of music composers, writers and publishers by three major online services - Yahoo Inc., AOL and RealNetworks Inc.
The American Society of Composers, Authors and Publishers hailed the decision, estimating the guidelines could yield as much as $100 million in payments covering a seven-year period ending in 2009.
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| Media & Marketing: New Rival for 'Morning Edition' | | The Wall Street JournalApril 28, 2008 | Since hitting radio sets in 1979, the news show "Morning Edition" has had early-morning public-radio airwaves largely to itself.
On Monday, a new morning show called "The Takeaway" launches on public radio stations in New York, Boston, Baltimore and several other, smaller cities.
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| | States Urge FCC to Bar Radio Deal | | Los Angeles TimesApril 26, 2008 | The proposed merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. was opposed by four states that say the combination of the only two pay radio companies poses a threat to competition.
Connecticut, Maryland, Ohio and Washington urged the Federal Communications Commission to reject the merger in a letter signed by the four states' attorneys general and posted on the FCC's website.
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| Large Raises At Radio One; Hughes, Son Rewarded Despite Stock's Decline | | The Washington PostApril 26, 2008 | Struggling media giant Radio One has agreed to give founder and chairman Cathy Hughes and her son, chief executive Alfred C. Liggins III, substantial raises and bonuses as part of new three-year pay packages.
He would be paid a $1 million "signing bonus" because, the Radio One compensation committee said, he has been underpaid for the last three years.
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| | Slow Slog for Amazon's Digital Media | | The Wall Street JournalApril 23, 2008 | Zack Harris is quick to list the benefits of Amazon.com Inc.'s digital music store, including low prices.
Mr. Harris's loyalty to iTunes is an example of the hurdles Amazon faces as it tries to get a series of digital-media initiatives off the ground.
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| Sony BMG Shuffles Music-Label Ranks, Moving Clive Davis | | The Wall Street JournalApril 18, 2008 | Sony BMG Music Entertainment removed Rock 'n' Roll Hall of Famer Clive Davis - - one of the record industry's dwindling old guard -- from his post overseeing its BMG Label Group and named him chief creative officer at the world's No.
2 music company by sales.
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| | Media & Marketing: Music-Video Pros Challenge YouTube | | The Wall Street JournalApril 16, 2008 | In a bet on the future of professionally produced online video content, technology start-up PluggedIn Media Inc. is set Wednesday to begin letting users view for free near-DVD-quality music videos licensed from three of the four biggest music companies, along with information about artists and links to buy merchandise and concert tickets.
The strategy represents a challenge to the notion that user-generated content -- the homemade clips that populate YouTube, MySpace and other popular Web sites -- is more lucrative or desirable than is high-quality content created by professionals.
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| Radio Daze: Tribune Gang Sets Out to Reinvent TV. | | Broadcasting & CableApril 14, 2008 | According to recent press releases from Tribune Co, new interactive president Marc Chase blackmailed his way into his new post, the company is changing its name to ZellCoMediaEnterprises, and new KSWB San Diego boss Ray Schonbak is adapting to Southern Cal climes by wearing a Speedo under his work clothes.
It's business as usual at the zany new Tribune, which has hinted at dramatic plans, including substantially boosting its syndication production, to reshape the TV industry since real estate mogul Sam Zell took the 160-year-old company private last Decembe
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