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Web Media Wire Daily
Untitled Document

Afternoon Wire: Mel Karmazin's promise and more in this afternoon's worthy media news....

Published: Tuesday, April 17, 2007

-NEIL YOSHIDA


  • Sirius CEO Mel Karmazin continues in his efforts to convince himself, the public and U.S. regulators that the consumer will be the winner if they allow his company and XM to merge [Reuters]
  • Guess what? The guy who went on that shooting rampage at Virginia Tech, was a loner. Aren't they always? [AP]
  • Traditional media was just a temporary phenomenon? Who let the guy into the room who said this? [Info Week]
  • Time Warner to go lite on cable TV and heavy on Internet TV. We say don't jump the gun just yet [WSJ]
  • To all you digital media entrepreneurs, get your business plans in order, NBC Universal has $250 Million they are looking to invest in you [Reuters]
  • Analyst Anthony J DiClemente of Lehman Brothers maintains his "equal weight" rating on Viacom Inc [New Ratings]

Labels: AfternoonWire

Comments on "Afternoon Wire: Mel Karmazin's promise and more in this afternoon's worthy media news...."

 

Anonymous Linson said ... (1:57 PM) : 

Well said re: Karmazin. I'd like to hear him talk about what the combined company would do to the radio advertising market. Sirius/XM would have way more influence on the market than any one entity should be able to. Local stations don't compete with XM nationally, but they do compete on the local level, and the satellite giant would just have too much advantage. The FCC should really think twice, and the second thought should be "don't approve it." And full disclosure, I represent those local broadcast affiliates at the National Assn of Broadcasters.

 

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