--(www.USEquityNews.com)-- 06/12/2008 - Broadcasting industry alert provided by U.S. Equity News. SIRIUS Satellite Radio (NASDAQ: SIRI) recently announced that Coldplay will take over SIRIUS' Alt Nation channel 21 for ten days. Coldplay Nation will premiere on Friday, June 13 at 6:00 pm ET and will air through Sunday, June 22. The launch of Coldplay Nation coincides with the release of Viva La Vida, Coldplay's new album, which will be in stores June 17. The channel will feature music from Viva La Vida as well as other Coldplay songs and will include personal introductions by members of the band, including lead singer Chris Martin.
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 that it has extended the date on which the tender offers are scheduled to expire (the "Offer Expiration Date") from 8:00 a.m. New York City time on June 11, 2008 to 8:00 a.m. New York City time on June 25, 2008 and the consent payment deadline for the Notes (the "Consent Payment Deadline") from 8:00 a.m. New York City time on June 13, 2008 to 8:00 a.m. New York City time on June 27, 2008.
The leading Spanish-language radio broadcasters in the U.S., including Spanish Broadcasting System (NASDAQ: SBSA), Entravision Communications Corporation, Univision Communications Inc. and Border Media Partners, have formed an industry-focused coalition to voice concerns about Arbitron's proposed rollout of the flawed Portable People Meter (PPM) and the potentially harmful impact it could have in the industry as it relates to measuring Spanish-language media. The newly created group has been named the Spanish Radio Association ("SRA"). The group held a meeting with Arbitron on June 6, 2008 during which they advocated the importance of properly evaluating the Hispanic audience measurement capabilities and effectiveness of Arbitron's PPM before its full-scale implementation.
247MGI, Inc. (OTC: TOFS) ("247MGI") is pleased to announce that a substantial shareholder of the Company has agreed to send back to the Company 40 million shares of common stock to be canceled for Preferred shares in the Company. 247MGI has been working on this transaction for awhile and expects the certificates back in its possession within the next couple of weeks. When the 340 million share of common stock are canceled the number of outstanding shares will be 59 million, a big enough reduction for the Company to move forward with its planned reduction of the Authorized shares to 90 million. 247MGI is placing a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
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