--(www.USEquityNews.com)-- 04/09/2008 - Media entertainment industry alert provided by U.S. Equity News. Clear Channel Radio (NYSE: CCU) recently announced a milestone in the implementation of the HD Radio iTunes tagging feature with more than 340 of its primary HD stations now capable of transferring a song heard on the radio to an Apple iPod. As the first and foremost broadcaster of iTunes tagging compatible HD stations, Clear Channel Radio is making use of its own technology to enable the purchasing and downloading of music on these stations, building on its HD industry leadership and commitment to a broad range of media platforms. "Radio continues to be the number one way that people discover new music, and the HD Radio iTunes tagging capability lets listeners add songs to their iPod playlists with just a push of the button," said John Hogan, president and CEO of Clear Channel Radio.
CTC Media, Inc. (NASDAQ: CTCM), Russia's leading independent media company, has concluded a major, multi-year licensing agreement with The Walt Disney Company's international TV licensing arm, Disney-ABC International Television. This agreement covers the licensing of features, live action series, animated series and made-for-TV movies for the CTC television network. The CTC Network -- the flagship of CTC Media -- is the fourth-most watched broadcaster in Russia with an average audience share of 11.3% in its target demographic (everyone aged 6-54) in 2007.
Entravision Communications Corporation (NYSE: EVC) announced recently that the Company's Board of Directors has approved the repurchase of $100 million of the Company's common stock, in addition to the repurchase of $100 million of common stock that was previously authorized on November 1, 2006. As of March 31, 2008, the Company had purchased approximately $93.3 million of common stock under its previously-authorized $100 million share repurchase program. "This new repurchase program underscores the financial strength of Entravision and our commitment to returning value to our shareholders," said Walter F. Ulloa, Chairman and Chief Executive Officer.
EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.
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