Net News search results for: standard and poor
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June 29, 2009
Radio One Downgraded By S&P
STANDARD AND POOR’S downgraded RADIO ONE INC.’s credit rating to CCC+ from B-, expressing concerns that one of MARYLAND’s largest minority-owned business might overextend itself on its debts, reports BALTIMORE's BUSINESS JOURNAL. The … more »
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June 22, 2009
Media Stocks Look Ready To Start Climbing
After making it halfway through one of their worst years ever, media stocks are now starting to score double-digit gains for a promising comeback, writes THE NEW YORK POST. "Analysts say a new optimism for a strong fall TV season has combined with … more »
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June 9, 2009
S&P Cuts Clear Channel Credit Rating
The credit rating of CLEAR CHANNEL COMMUNICATIONS and CC MEDIA, its private equity-controlled holding company, were cut on MONDAY by STANDARD & POOR’S, amid uncertainty about the group’s ability to avoid defaulting on its $20bn of debt, … more »
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May 5, 2009
S&P Mulls Downgrading CC Media
STANDARD & POOR'S Ratings Services warned it is considering lowering its credit ratings on CC MEDIA HOLDINGS INC. further into junk territory, saying weak advertising demand in the radio industry and pressure on outdoor advertising will hurt the … more »
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April 30, 2009
Guy Hands: Private Equity Biz Shrinking
Private-equity firms will be paid "a lot less" and many may go out of business in the next few years as buyout-fund sizes shrink by 50%, said GUY HANDS, founder of TERRA FIRMA CAPITAL PARTNERS LTD, reports BLOOMBERG NEWS. "Life on the … more »
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April 15, 2009
S&P Upgrades Sirius XM
STANDARD & POOR'S Ratings Service bumped up the corporate credit rating on SIRIUS XM RADIO INC. one notch on TUESDAY, based on a recent $530 million bailout by LIBERTY MEDIA CORP., reports BUSINESSWEEK.COM. "The agency raised the junk-territory … more »
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April 8, 2009
CBS Cuts Dividend
CBS CORPORATION has cut its quarterly dividend from 27 cents per share to 5 cents per share, payable JULY 1st to shareholders of record as of JUNE 10th. The cut comes as STANDARD AND POOR'S puts the company's stock on watch for a downgrade after changing … more »
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April 2, 2009
Some Light At The End Of Auto's Tunnel?
Radio has been particularly hurt by the rough times in the auto industry, losing a large percentage, if not all of the billing from one of it's largest advertisers. So any good news from the car biz is a good sign, and while no one's ready to throw a … more »
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March 13, 2009
Dow Jones Rises Over 7000
The DOW JONES Industrial average moved back above the 7,000 mark in early trading THURSDAY reports MSNBC. Just after noon the DOW was up about one and a half-percent. The NASDAQ and S&P 500 were up similar percentages, creating the possibility of a … more »
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March 5, 2009
S&P Downgrades Radio One
The weak market for radio advertising is weakening the position of RADIO ONE INC., writes BIZJOURNALS.COM. STANDARD & POOR'S Ratings Services has lowered its corporate credit rating on LANHAM-based RADIO ONE to "B-" from "B." … more »