--(www.USEquityNews.com)-- 03/26/2008 - Media entertainment industry alert provided by U.S. Equity News. 247MGI Inc. (OTCBB: TOFS) ("247MGI") is pleased to announce that 247Broadcast Network, the Company's IPRadio network, will begin airing programming for National Short Sale Service on Thursday, March 27, at 1:00 PM. National Short Sale Service is offering coaching to licensed Real Estate agents and Real Estate investors, teaching them how to do Short Sales. National Short Sale Service will even do the work for the agent and the agent keeps all the commission.
Shares of Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio are falling in morning trading as Wall Street considers what a combined Sirius and XM would look like. The Justice Department approved Sirius' $5 billion buyout of XM on Monday, and analysts expect the Federal Communications Commission to sign off on the deal as well. The stocks declined, however, indicating that investors may be less confident that the FCC will approve.
In connection with Clear Channel Communications, Inc.'s (NYSE: CCU) ("Clear Channel") previously announced tender offer for its outstanding 7.65% Senior Notes due 2010 (CUSIP No. 184502AK8) (the "CCU Notes") and Clear Channel's subsidiary AMFM Operating Inc.'s ("AMFM") previously announced tender offer for its outstanding 8% Senior Notes due 2008 (CUSIP No. 158916AL0) (the "AMFM Notes" and, collectively with the CCU Notes, the "Notes"), Clear Channel announced recently the total consideration to be paid for the Notes that are validly tendered and accepted for purchase under such tender offers.
LIN TV Corp. (NYSE: TVL), a local television and digital media company, announced recently that it has reached a retransmission consent agreement with Suddenlink Communications ("Suddenlink"), a top-10 U.S. cable broadband provider. Suddenlink discontinued carriage of LIN TV's television stations, including KXAN-TV (NBC) in the Austin market and KBIM-TV (CBS) in the Albuquerque market, when its contract expired on December 31, 2007. LIN TV's deal with Suddenlink enables 30,000 subscribers to immediately begin watching their favorite local, prime-time and syndicated programming on LIN TV's local stations.
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