Entercom Drops USTN… USTN Sues
• Entercom Communications Corp. announced Monday that its reseller agreement with United States Traffic Network (“USTN”) has ended. Entercom notes
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FINANCIAL
Vivendi To Sell Up To 50% Of UMG
• Vivendi SA today announced it will sell up to half of Universal Music Group, cashing in on a surge
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Scripps Sells Milwaukee To Good Karma
• The E.W. Scripps Company has reached an agreement to sell its two radio Milwaukee radio stations — News-Talk WTMJ
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Facebook Free-Fallin’
• Shares of Facebook plunged nearly 20 percent in early trading on Thursday, sending the company’s market value plummeting nearly
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Midlands Doubles Its Portfolio
• Columbia, SC-based Midlands Media Group, LLC, led by Kirk Litton and veteran programmer/consultant Keith Clark, announced the next step in
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WBEB & WXTU/Philly In Play
• UPDATED: Philadelphia became acquisition central today as Entercom Communications Corp. announced a definitive agreement to acquire heritage AC WBEB
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Silver Lake Kicking iHeart’s Tires?
• Private equity firm Silver Lake Partners has recently shown interest in buying bankrupt iHeartMedia — a new challenger to
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IMS Partners With WMG
• Internet Media Services (IMS), a subsidiary of Sony Pictures Television Entertainment and Warner Music Group (WMG) have entered a
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Sony, Prince Estate Ink Distribution Deal
• Sony Music Entertainment and the Estate of Prince Rogers Nelson have forged an exclusive distribution agreement covering 35 essential previously
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Scripps Spins Off Tulsa
• The E.W. Scripps Company has taken the first step in its intention to exit the radio business — the
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