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...like much radio content, it's mostly talk. Satellite radio has been stunted by the recession and a lack of must-have content beyond Howard Stern. Consumers have taken slowly to HD radio receivers--there's an industry joke that HD stands for Huge Disaster. And there's no money to invest in digital. "The biggest challenge we've got right now in the industry," says Agovino, "is that companies are struggling to stay out of the way of their bankers...
...also a repudiation of the consolidation strategy, which tried to increase profits by centralizing sales and programming. "People say, 'We'll program five markets from X city and we'll have one team doing it, and we'll save all this money,'" he says. "Doesn't work. Listeners want to talk about the mayor, the new light rail that's going in, the local sports teams." Wilson acquired the rights to air the games of three local sports teams for his FM sports channel. According to Arbitron, it has already started to poach listeners from the local AM sports channel...
Grayson and Bachmann have found ways to use the controversies surrounding their outbursts to raise money and broaden their reach. Their devoted followers respond to appeals. Grayson posted his CNN caveman quip on a website he created, called Congressman?With?Guts.com attracting pledges of $220,000 from nearly 3,000 donors in about three weeks. (Almost 10,000 individuals gave Grayson more than $250,000 immediately after the "die quickly" speech.) Bachmann, meanwhile, took her fundraising appeal to social media and talk radio, asking her supporters to send a message to "Big Sister Pelosi and Big Brother Reid...
...billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed "at the absurdity of it all." Sorkin's meeting-by-meeting account reveals just how close we came to any number of alternate realities: Morgan Stanley going bankrupt, AIG refusing government money, Goldman Sachs buying Wachovia. The detail is comprehensive and chilling, but the big picture is incomplete. The story of how the financial system arrived at such a brink and of the social and political fallout will have to be told by other books...
...Baitullah Mehsud and declared war on Islamabad, Kabul and Washington. The alliance ended with Mehsud's death, and Nazir resumed his tribe's long rivalry with the Mehsuds. Both Nazir and Hafiz Gul Bahadur, another local militant, have entered into nonaggression pacts with the army and have been promised money and reconstruction projects in exchange for their neutrality. The Haqqani network, led by former Afghan warlord Jalaluddin Haqqani - one of the U.S.'s most-wanted militants, whose network has concentrated its efforts on attacking NATO forces in Afghanistan - is also expected to remain passive throughout the operation, military officials tell...