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."
http://www.rbr.com/media-news/wall-s...-multiple.html
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.”
http://www.rbr.com/media-news/washin...togethers.html
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."
http://radiomagonline.com/digital_ra...humbplay-0302/
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 . . .
Bubba the Love Sponge rakes in the bucks
"Bubba’s uncensored show – separate from his syndicated show on FM stations – is distributed online by IO World Media, a penny stock company headed by Bubba’s agent, Tom Bean. The company reports that the Early Enlistment Program for Bubba Army members to sign up for Radioio Live subscriptions generated nearly $1 million in revenue. That February promotion offered a one-year subscription for $299.99, rather than the regular rate of $467.64.
Bubba Army enlistees who signed up for the February special are also getting a bonus – 100 shares of restricted stock of IO World Media. At Monday’s closing price of 34 cents, that’s worth $34."
http://www.rbr.com/radio/bubba-the-l...the-bucks.html
Moody's sees positive implications in Cumulus-Citadel deal
"Moody’s Investors Service had already expressed a positive view of the credit rating implications of the pending roll-up of Cumulus Media Partners into Cumulus Media. Now the even larger deal to add Citadel Broadcasting to the mix is also getting a thumbs-up from Moody’s."
hmmm, Moody's? ya don't say?
Isn't that the same outfit that was putting up an A-Rating on Goldman Sachs bundled-up subprime slime before Goldman decided to go short?
eh, who cares . . . the once venerable Moody's is a laughing-stock anymore
http://www.rbr.com/radio/moodys-sees...adel-deal.html
Internet radio listening keeps growing
"Exclusive: As streaming audio providers make it easier to access their products and content choices continue to expand, consumers are increasing the amount of time they spend with the still fledgling medium. Which streaming audio provider is growing the fastest? Hint: it isn’t Pandora."
http://www.insideradio.com/
Report: Napster's Parker Interested In WMG
March 14, 2011
"Is Napster and Facebook mogul Sean Parker getting involved in the hunt for Warner Music Group? Sources tell All Things Digital's Peter Kafka that the billionaire is considering joining a group of investors interested in making a bid for WMG, though he hasn't officially made a formal bid. However, Parker is "aligned with a group led by investors Ron Burkle and Doug Teitelbaum."
http://www.fmqb.com/article.asp?id=2133926
