Broadcasting industry news provided by Financial News USA (OTC: FNWU). Clear Channel Radio (NYSE:CCU) and Google Inc., recently announced a multi-year agreement that enables Google to sell a guaranteed portion of 30-second advertising inventory available on more than 675 of Clear Channel's AM/FM stations. Specific financial terms are not being disclosed. Under the agreement, Google(TM) Audio Ads advertisers will have national distribution, enabling them to reach specific audiences, at specific times, in targeted geographies. Jack Lennon, Director and Secretary for U.S. Starcom, Inc. (OTC: USTA) recently updated the investment community in an all-new interview with http://www.wallst.net. Interview highlights include: the company's "unique" products that cater to Hispanic customers and many more topics. To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=usta.
General Electric Co. (NYSE:GE) subsidiary NBC Universal Inc. and private equity group Citadel L.P. amended their restructuring offer for broadcast television company Ion Media Networks Inc. Thursday, calling it their "best and final offer." According to a regulatory release filed by NBC Universal with the Securities and Exchange Commission, the revision addresses concerns by Ion Media and improves the financial terms of the proposed exchange offer for the holders of existing 14.25 percent and 9.75 percent preferred stock. XM Satellite Radio Holdings Inc. (Nasdaq:XMSR) and Sirius Satellite Radio Inc. (Nasdaq:SIRI) said on Thursday they received a request from the U.S. Department of Justice for more information on their proposed merger, sending their shares higher in after-hours trading. Both companies said they planned to respond expeditiously to the request, which had been widely expected by analysts.
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