Broadcasting industry news provided by Financial News USA (OTC: FNWU). Mexico's Televisa (NYSE:TV) on Thursday said it was still preparing a bid with investment partners for Univision Communications Inc., despite signs that an auction for the U.S. Hispanic broadcaster might unravel. Univision shares slumped as much as 4 percent after two private equity firms dropped out of a consortium led by Televisa in what sources said was a disagreement over valuation of Univision's media businesses. Enthusiasm for the once high-flying technology of satellite radio has returned to earth of late. The share prices of both XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio have tumbled downward, and Wall Street analysts are beginning to pile on.
SIRIUS Satellite Radio (Nasdaq: SIRI) and Fangoria Entertainment recently announced the launch of Fangoria Radio, the first national horror-themed entertainment radio show. Hosted by renowned Twisted Sister frontman and horror film producer/actor Dee Snider, Fangoria Radio will air Friday nights from 10:00 pm - 1:00 am ET on SIRIUS Stars channel 102. The show will debut on Friday, June 23, 2006. UTEK Corporation, a specialty finance company focused on technology transfer, and U.S. Starcom Corporation (Other OTC:USTA), a leader in providing core and value added prepaid services and solutions to enhance communications, financial transactions and entertainment content, particularly to the Hispanic marketplace, announced recently the signing of a strategic alliance agreement.
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