Word: radio
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...Everyone's expecting 2006 to be a difficult year because we had to replace 27 morning shows [that ran Stern]. We launched a new talk format, Free FM. We just hired James Cramer, Penn Jillette, the Radio Chick here in New York. We believe '07 can be a year that these investments...
TIME: Disney is merging its ABC Radio division with Citadel in a $2.7 billion deal. Analysts say that's less than it could have got a few years ago. Why do you think radio is a growth business...
...proving that with the Jack format. Hopefully, we'll have the same success with Free FM. If the content is good, people will listen. I believe these businesses will grow again. There's a lot more choice for consumers. That's the issue. It's not that radio's a bad business...
...five years in 1999 for racketeering. But U.S. Attorneys think otherwise. That's where DiLeonardo comes in. The convicted Gambino capo-turned-government informer claims Gotti Jr. continued to orchestrate Mob affairs from behind bars. He also fingered Gotti Jr. for ordering the 1992 kidnapping and beating of radio personality and Guardian Angels founder Curtis Sliwa in a New York City...
Just in case HOWARD STERN was running out of villains to decry on the air, his old boss, CBS CEO LES MOONVES, has stepped in to help. CBS Radio filed a fraud and breach-of- contract lawsuit seeking more than $200 million from the radio host, his agent and his new employer, Sirius Satellite Radio. The suit says Stern spent his last 14 months at CBS talking up Sirius and hiding a deal to earn stock for boosting his new company's subscriber numbers. Stern calls the suit a "personal vendetta." On the upside, it will give him months...