Analyst looks at the Citadel sale multiple
ok . . warning! when you read this one, you must do as Tiger-Blood-Savery once advised me and "think deeper man" . . . clue: think about siri's EBITDA growth rate and ask yourself what investors are exchanging present dollars for . . ok, now read-away (oops, one more thing . . . note to David Bank: David you have special permission to ignore the EBITDA growth rate and continue to use Viacom as a comp for siri)
"Marci Ryvicker at Wells Fargo Securities has been looking at the final deal terms for Cumulus Media to acquire Citadel Broadcasting and she likes what she sees. She said it validates the trading multiples of 8-10 times EBITDA for broadcast stocks both radio and TV."
Bill introduced to foster FCC commissioner get-togethers
"According to the rules, about the only time more than two FCC commissioners get to see one another in person is at the monthly Open Meeting or at some other official gathering. A new bipartisan bill from House Commerce Committee members would change all that.
The bill comes from Anna Eshoo (D-CA), John Shimkus (R-IL) and Mike Doyle (D-PA) and is called the Federal Communications Commission Collaboration Act.
According to the legislative trio, The FCC Collaboration Act would modify current FCC rules to allow three or more Commissioners to hold nonpublic collaborative discussions, as long as no agency action is taken. The legislation would also ensure that a member of each political party is represented in any such discussions.
Clear Channel Acquires Thumbplay Music
REPOSTING THIS ARTICLE FOR ARCHIVING PURPOSES
"A Wall Street Journal story on the acquisition described Thumbplay Music's business as "struggling" and noted that the venture's financial backers did not expect to fully recover their estimated $41 million investment from the sale."
Attack of the 'killer' popcorn
WASHINGTON -- Movie-theater chains are fighting a federal requirement to disclose that their popcorn contains up to 1,460 calories -- equal to almost three Big Macs.
Read more: http://www.nypost.com/p/news/nationa...#ixzz1GXMxYDZP
hmmmmmm . . . this explains a lot!
All that $7.00 a-tub movie theatre popcorn that Savery's been consuming lately could be clogging his arteries and cutting-off circulation to the left-side of his brain (the math/logic side); fortunately, however, the right-side of Tyler's brain (the creative side) is functioning well and still appears to be getting plenty of good blood-flow . . .