Broadcasting industry news provided by Financial News USA (OTC: FNWU). Online search engine Google Inc. said it reached a deal with XM Satellite Radio (Nasdaq:XMSR) on Wednesday to have its commercial advertising available on the radio service's non-music channels. As part of the agreement, Google's AdWords' customers will be able to use the dMarc media network (http://www.dmarc.net) to place terrestrial and satellite radio spots once the platform is integrated into AdWords. The integration is planned for the fourth quarter. Sirius Satellite Radio Inc. (Nasdaq:SIRI) reported a wider loss for its second quarter Tuesday but raised its forecasts for full-year subscribers and revenues. Sirius, the No. 2 satellite radio company behind XM Satellite Radio Holdings Inc., lost $237.8 million, compared with $177.6 million in the same period a year ago. On a per-share basis, the loss was equivalent to 17 cents versus 13 cents in the year-ago period.
CBS Corp. (NYSE:CBS) reports second-quarter earnings today. The New York-based media company owns the CBS network and a group of affiliated TV stations, a large radio business and an outdoor advertising company. CBS split from conglomerate Viacom at the end of last year and began trading as an independent company. Bernstein Research analyst Michael Nathanson expects earnings of 49 cents per share, including a charge for closing the money-losing UPN network in January. On July 20, Jack Lennon, CEO of U.S. Starcom, Inc. (Pink Sheets: USTA) updated the investment community in an exclusive interview with www.wallst.net. Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, and upcoming strategic and financial milestones. To hear the interview in its entirety, visit www.wallst.net, and click on "Interviews."
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