The wheels are well in motion to take Clear Channel private. Shareholders will vote on the deal March 21. They’re being offered $37.60 for each share of stock they own, which is about a dollar and small change more than it’s currently trading for, and near the 52-week high, though just 41% of what CCU stock was worth back in its heyday, 1999.
Clear Channel’s executives are obviously urging all shareholders to approve the buyout (they call it a “merger”), as it represents the best option to “maximize shareholder value” given “extensive review of available strategic alternatives, taking into careful account the continued challenges in the broadcasting sector and…recent growth in the domestic outdoor [advertising] business, as well as future growth opportunities.” Continue reading “Clear Channel Buyout Update”
Author: diymedia_tu6dox
Public Interest Obligations for Digital Radio?
When TV broadcasters were given access to new spectrum in order to establish digital channels late in the last decade, the grants were contingent on broadcasters using the spectrum-windfall in ways that served the public interest. This might include things like opening up a slice of each DTV channel to public access, or obligating DTV stations to produce “public-interest” programming with news, educational, or other civic-minded value.
The problem is that while the FCC’s been talking about public-interest obligations for DTV broadcasters for 12 years now, it hasn’t adopted any explicit rule defining what those obligations are, and how stations must comply with them. Meanwhile, DTV stations are going on the air and the spectrum they use – touted as having the capacity to offer as many as six different channels – is being utilized however broadcasters see fit, and this often has nothing to do with providing more free over-the-air content. Continue reading “Public Interest Obligations for Digital Radio?”
FCC 2008 Proposed Budget: No Surprises
From the enforcement perspective, the Enforcement Bureau’s proposed 2008 outlay comes to $46.4 million – this is an increase of just under $2 million from FY 2006-07. The Enforcement Bureau constitutes the second-largest FCC bureau/office in terms of budget size (second only to the Office of Managing Director).
While the number of full-time equivalent employees in Enforcement stays constant through the period, some shuffling within the ranks does occur; FTEs devoted to the goals of “spectrum” and “media” will increase, while those devoted to “public safety/homeland security” will decrease. Continue reading “FCC 2008 Proposed Budget: No Surprises”
FCC Creates Another LPFM Loophole, Courts to Consider a Third
Right at about the same time the FCC granted special temporary authority to a pirate station in Nevada to operate without a license, the agency told a group of irate listeners in Texas that they, too, could have a station if they wanted to.
How? Some 263 of them wrote letters to the FCC requesting it deny the transfer of KTPB-FM’s license from a community college to the Educational Media Foundation. The well-known godcaster will flip the station’s format from classical to one of its “alternative” offerings.
Seemingly impressed by the outpouring of support for classical music, thought the FCC denied the listeners’ objections to the license transfer it entertained the option of them applying for an LPFM station license in order to “fill any programming void left by the sale of the station to EMF and change in format that EMF may make.” Continue reading “FCC Creates Another LPFM Loophole, Courts to Consider a Third”
New Licensing Loophole Involves Influential Senator
“Radio Goldfield,” a pirate station run by seasoned citizen Rod Moses out of his trailer in Goldfield, Nevada (population 440) has received special temporary authority from the FCC to operate a 100-watt FM outlet without an official license until such time as the FCC opens another LPFM filing window.
How did he do it? Senate Majority Leader Harry Reid‘s ringing endorsement, in correspondence to the agency, probably sealed the deal: Continue reading “New Licensing Loophole Involves Influential Senator”
Translator Licensees Spike, Get Cited
The FCC has released year-end broadcast station totals. Of the 17,968 licensed radio stations in the nation, 4,131 (23%) are translator stations. FM translators may outnumber the number of AM stations by the end of this year; if the NAB’s proposal to give away translators to AM stations gains traction, the number of translators could quintuple.
Interestingly, the year-to-year totals of translators don’t seem to reflect the flood of new translators that have gone on the air since 2003. A recent slew of Notices of Apparent Liability released by the FCC for failure to timely renew station licenses somewhat does. Stations have been threatened with fines ranging between $1,500 and $8,500 for the infraction, with penalties inflated for those stations that technically operated without a license when their present one expired. In every case, the FCC has renewed each station’s license without further question.
Army Surrenders Reporter's Subpoena
Though the court-marital of Army Lieutenant Ehren Watada is still slated to go down next week, independent journalist Sarah Olson will not be called upon to testify. Two charges of “conduct unbecoming an officer,” stemming from anti-war statements Lt. Watada made to Olson that she subsequently published, have been dropped. Watada stipulates to his public utterances being true, which means the Army may still use them against him in retaliation for speaking out against the occupation of Iraq. Continue reading “Army Surrenders Reporter's Subpoena”
FCC Enforcement Bureau Gives 2006 Overview
At its monthly meeting in January the FCC heard year-end reports and “strategic plans” from each of its primary bureaus and offices. Enforcement Bureau chief Kris Monteith reported that out of some 3,300 field investigations undertaken in 2006, the Bureau claims to have shut down “approximately”
85 pirate radio stations. If each station is counted as its own investigation, and the Bureau’s claims are assumed to be accurate, less than 3% of the Bureau’s field-time is spent on unlicensed broadcast enforcement.
Notably, this month saw the Bureau rule on some petitions for reconsideration with regard to fines issued to pirates in the last few years, which gives a better sense of the agency’s speed and effectiveness of enforcement. For example, one ruling knocked a $10,000 fine down to $600, three years after its issuance; another $10,000 claim issued in 2003 was subsequently knocked down to $1,000 in 2004, and was just further successfully appealed to $250. Continue reading “FCC Enforcement Bureau Gives 2006 Overview”
Turning Reporters Into Informants
Visit Defend the Press and learn how the U.S. Army is attempting to force a journalist into helping chill the speech of conscientiously-objecting soldiers and the coverage of their statements. The case of Lt. Ehren Watada itself stands to clarify the boundaries of what is considered acceptable public speech for those in uniform – but in no way should a journalist be hauled into court to substantiate this persecution.
I had the opportunity to interview Sarah Olson during the National Conference for Media Reform in Memphis earlier this month, and was proud to be her first signatory to the coalition seeking to keep her free to report such important stories, and journalism in general free from fear of being drafted.
Mashups Explained in 8 Minutes
Skidmark Bob recently did up a segment for one of his Freak Radio shows entitled “What is a Mashup?” It’s an excellent snapshot of the breadth and depth of this musical genre.
The kicker, though, is the narrative Bob weaves in by Sue Teller. Word, indeed!