Democratic Underground - From the "It Breaks My Heart" or "Cry Me A River" department

Reply #61: From the "It Breaks My Heart" or "Cry Me A River" department [View All]

UpInArms

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Wed Jan-05-05 12:45 PM
Response to Original message

61. From the "It Breaks My Heart" or "Cry Me A River" department

Clear Channel among media decliners

http://cbs.marketwatch.com/news/story.asp?guid=%7B9400DA58%2DC8E8%2D4FFE%2DB30A%2DB79A748FB2B7%7D&siteid=mktw

SAN FRANCISCO (CBS.MW) -- Media and entertainment stocks were mostly lower Wednesday morning, including radio giant Clear Channel Communications, which stepped back modestly despite its announcement that it plans to outfit 95 percent of its stations in the top 100 markets with digital broadcast equipment within three years.

Inadequate reception has been one of the primary complaints of traditional radio listeners, and has played some role in the rising popularity of satellite radio.

Sirius Satellite Radio (SIRI: news, chart, profile) was up 5 cents to $7.57 after it said it would collaborate with Microsoft (MSFT: news, chart, profile) on a video service it expects to launch by the second half of 2006, with two to three channels of content designed primarily for children to watch while riding in automobiles. Sirius rival XM Satellite Radio (XMSR: news, chart, profile) was down 60 cents at $34.75.

...more...

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Reply #61: From the "It Breaks My Heart" or "Cry Me A River" department [View All]