--(www.USEquityNews.com)-- 05/20/2008 - Broadcasting industry alert provided by U.S. Equity News. 247MGI, Inc. (OTCBB: TOFS) ("247MGI") has rescheduled all shows for Smallcap Rapp(TM) this week for next week, due to complications with its streaming server. Smallcap Rapp(TM) will feature Robert W. Chance, CEO for National Automation Services, Inc. Tuesday May 27, 2008 at 1:15 PM EST, Steven Rash CEO for Power 3 Medical Products, Inc. Wednesday May 28, 2008 at 1:00 EST, Boyd Soussana CEO for The Estate Vault, Inc. Thursday May 29, 2008 at 1:00 PM EST.
Equity Media Holdings Corporation (NASDAQ: EMDA), announced recently that on May 14, 2008, the Company received written notification from NASDAQ that for the last 30 consecutive business days, the bid price of the Company's common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4310(c)(4) (the ``Rule''). Therefore, in accordance with Marketplace Rule 4310(c)(8)(D), the Company will be provided 180 calendar days, or until November 10, 2008, to regain compliance with respect to the bid price deficiency. If, at any time before November 10, 2008, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the bid price deficiency can be satisfied. The Company could be delisted during this 180 day period for failure to maintain compliance with any other listing requirement which may occur during this period.
Clear Channel Radio (NYSE: CCU) recently announced it has been selected by GEICO to execute an advertising campaign on its radio stations and station Web sites in support of the American War Letters Campaign. Launching Memorial Day week, the campaign that features excerpts from the audio editions of author Andrew Carroll's bestselling WAR LETTERS and BEHIND THE LINES, is a joint effort by GEICO and the Legacy Project to preserve American wartime correspondence. The special event online, on-demand content is available at www.AmericanWarLetters.com, a Web site designed and being hosted by Clear Channel Radio's Creative Services Group and featuring audio/visual recordings of some the most poignant letters by media, entertainment and literary notables.
Entravision Communications Corporation (NYSE: EVC) announced recently that it completed the sale of its outdoor advertising operations to Lamar Advertising Company on May 16, 2008 for $100 million in cash. Entravision's Chairman and Chief Executive Officer, Walter F. Ulloa, said, "The proceeds from the sale of our outdoor division will strengthen our balance sheet, improve our financial flexibility and reinforce our ability to execute on our strategic plan to the benefit of our shareholders." Entravision announced in February 2008 the agreement to sell its outdoor advertising operations, which operates under the name Vista Media and consists of approximately 10,600 advertising faces concentrated primarily in New York and Los Angeles.
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