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Old 12-06-2004, 09:55 PM   #1 (permalink)
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Clear Channel Signs Up Fox News

Quote:
Associated Press

Update 4: Clear Channel Chooses Fox for News Deal
12.06.2004, 05:18 PM

Clear Channel Communications Inc., the nation's largest radio station operator, has selected Fox News Radio to provide national news for most of its news and talk stations in deal expected to nearly double Fox's radio presence.

No terms of the five-year cash deal were disclosed Monday. But Fox, a unit of News Corp., said if all options in the agreement are exercised, its radio service could have more than 500 affiliates by the middle of next year.

The deal helps Fox News compete with more-established radio news providers, including ABC Radio and CBS Radio. Fox News will air on many of Clear Channel's most prominent news and talk stations, including those in Los Angeles, Phoenix, Atlanta and San Diego.

Fox currently provides one-minute newscasts to 275 stations. Starting next year, it will provide more than 100 Clear Channel stations with a 5-minute newscast at the top of each hour, a nightly news broadcast and serve as San Antonio-based Clear Channel's primary source on breaking national news.

In return, Fox News Radio will have access to news produced by local reporters for Clear Channel stations. Fox also expects to hire more news anchors, studios and staff, but it said it was too early to be more specific.

"This deal positions Fox News to become a significant player in the radio industry and is another example of our commitment to the medium," said Roger Ailes, Fox News chairman and chief executive.

John Hogan, chief executive of Clear Channel Radio, said in a statement that local stations would get higher quality national news.

Clear Channel, which operates 1,200 stations, did not immediately return a phone call seeking additional comment.

Analysts said that ABC Radio, which is owned by The Walt Disney Co., stood to lose the most because of the Fox-Clear Channel deal. ABC Radio did not immediately return a message seeking comment.

Experts also speculated that Fox might have won the deal by taking cash instead of barter. Often in the radio industry, providers such as Fox get advertising spots that they can resell.

Clear Channel has been reducing advertising time in an effort to boost rates and probably wanted to keep its dwindling but perhaps more valuable inventory of ad spots, they said.

"Cash makes sense" for Clear Channel, said David Bank, an analyst with RBC Capital Markets. "Rather than give away inventory that is getting more scarce, (Clear Channel) preferred to pay cash."

James C. Goss, an analyst with Barrington Research, said Clear Channel wants to keep cutting advertising and Fox wants to grow as a news source. "They're both accomplishing what they want," he said.

Clear Channel shares rose 48 cents, or 1.4 percent, to close at $33.63 on the New York Stock Exchange - toward the low end of their 52-week trading range of $29.96 to $47.76.

Shares of News Corp. slipped 8 cents, or 0.4 percent, to $18.09 on the NYSE. The stock has traded between $17.16 and $39.74 in the past 52 weeks.
Source


I am honestly truly scared. This is not something I wished to say.

I am slightly drunk right now, and will add more later. I'm afraid I didn't say enough, meriting a 'don't link and not discuss' reply. However, I want to see what TFP has to think of these recent developments. Suprised? Happy? Anger? Don't think it matters? What consequences, positive or negative, do you think this will hold?
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Last edited by drawerfixer; 12-06-2004 at 09:58 PM..
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Old 12-06-2004, 09:59 PM   #2 (permalink)
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Does this relate to satellite radio, or regular radio?

I've heard of Clear Channel, but am not familiar with them...
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Old 12-06-2004, 10:04 PM   #3 (permalink)
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Quote:
Originally Posted by Jimellow
Does this relate to satellite radio, or regular radio?

I've heard of Clear Channel, but am not familiar with them...
They are the corporation that has turned broadcast radio into crap.

From my car radio I get three CC stations that I occasionally listen to, and probably a dozen more that I don't touch. They are the Microsoft of the music industry.
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Old 12-06-2004, 10:31 PM   #4 (permalink)
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Clear channel sucks ass... that's all im going to say about that.
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Old 12-06-2004, 10:48 PM   #5 (permalink)
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The only thing that could make Clear Channel worse is if they got more power. Unfortunately this is what Fox has just given them.
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Old 12-06-2004, 10:51 PM   #6 (permalink)
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And that's why I gladly listen to XM radio. For $10 a month, no commercials. The best part is that they even have a left-wing and a right-wing news channel!
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Old 12-06-2004, 10:59 PM   #7 (permalink)
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Thank God I am within the reach of an independant grass roots news station. CC and fox news joining forces. Hmmm *thumbs through the book of Revelation for more info on the merger and it's pivitol role in the end of days*
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Old 12-06-2004, 11:03 PM   #8 (permalink)
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Quote:
Originally Posted by willravel
Thank God I am within the reach of an independant grass roots news station. CC and fox news joining forces. Hmmm *thumbs through the book of Revelation for more info on the merger and it's pivitol role in the end of days*
Something to do with the beginning of 1000 years of darkness perhaps.
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Old 12-06-2004, 11:04 PM   #9 (permalink)
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Getting Sirius as a Graduation present (grad school) for myself at the end of this coming summer. Will never turn on a terrestrial radio again.

NFL games on sirius were the breaker for me.

There are 12 different CC channels in my market (Harrisburg) most radio, several television.
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Old 12-07-2004, 08:39 AM   #10 (permalink)
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In a slightly related topic, did anybody catch the Simpsons on sunday when the gigantic Fox News van pulled through Springfield with "We are the Champions" playing in the background? I thought that was hilarious.
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Old 12-07-2004, 10:52 AM   #11 (permalink)
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clear channels and fox teaming up together, thats a lot of evil in one company.
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Old 12-07-2004, 11:00 AM   #12 (permalink)
 
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this alliance makes it difficult not to believe in elective affinity.
the vile seeks out the vile.
they combine to form a new type of vileness.
such is progress.
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Old 12-07-2004, 10:05 PM   #13 (permalink)
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And behold: for the corrupt will ally with the forces of the dark one, and yea, woe shall be the fate of the innocent and pure.
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Old 12-08-2004, 01:35 AM   #14 (permalink)
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Why don't you guys listen to NPR?

Any time I'm in the US I listen to this. It is of a very high standard.


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Old 12-08-2004, 04:50 AM   #15 (permalink)
This vexes me. I am terribly vexed.
 
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NPR and Stern are the only radio I listen to anymore.
-right now my Stern station is cutting him off at 10am, b/c they are whiney babies.
NPR isn't on during the middle of the day and after 6:30 either.
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Old 12-08-2004, 06:20 AM   #16 (permalink)
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Rupert Murdoch scares me even more than Clear Channel....the combination of the two is truly dangerous...

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Old 12-08-2004, 06:28 AM   #17 (permalink)
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Quote:
Originally Posted by Mojo_PeiPei
In a slightly related topic, did anybody catch the Simpsons on sunday when the gigantic Fox News van pulled through Springfield with "We are the Champions" playing in the background? I thought that was hilarious.
Yeah, I laughed pretty hard at that one too.

Still funny after all these years
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Old 12-08-2004, 06:59 AM   #18 (permalink)
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Perhaps it would have been best to go with CBS, I'd hate to see them use a biased news agency.
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Old 12-08-2004, 12:05 PM   #19 (permalink)
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Just one question: If it's on radio, how do I check out the hotties hosting the news?
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Old 12-08-2004, 12:29 PM   #20 (permalink)
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Quote:
Originally Posted by Ustwo
Perhaps it would have been best to go with CBS, I'd hate to see them use a biased news agency.



Its funny when the subject turns to fox news.. the liberals start talking like the fanatical christian fundies. "Thou end art near!!" "Wicked and vile have joined forces!". "The time of darkness is at hand!". You guys have been reading to much of the book of revelations!
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Old 12-08-2004, 12:32 PM   #21 (permalink)
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Quote:
Originally Posted by sprocket

Its funny when the subject turns to fox news.. the liberals start talking like the fanatical christian fundies. "Thou end art near!!" "Wicked and vile have joined forces!". "The time of darkness is at hand!". You guys have been reading to much of the book of revelations!
That is an excellent observation. I always have thought of liberalism as a substitute for religion for some people. Its based on a lot of faith, not a lot of results, and really ticks them off if you question them. This would be an excellent thread for the philosophy forum.
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Old 12-08-2004, 12:43 PM   #22 (permalink)
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In other news, Ustwo hates scary hippy pot smoking liberals
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Old 12-08-2004, 01:00 PM   #23 (permalink)
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Quote:
Originally Posted by The_wall
In other news, Ustwo hates scary hippy pot smoking liberals

Damn hippies piss me off!


Nah, I just don't want to pay for their upkeep, they can smoke and be liberal all they like. I think politics have become a faith of sorts for some people, filling the void that is normally the space for religion. The similarities are profound and as I said would make an excellent philosophy thread.
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Old 12-08-2004, 01:02 PM   #24 (permalink)
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Actually, I think you'll see Clear Channel drying up very soon, sat radio is going to kill them.

Karmazin didn't leave as head of Viacom/CBS for Sirius because he wanted a pay cut to work with Stern.....lol

(BTW for all you out there who want to ramble on about CBS being liberally biased...... in an interview with Karmazin, he stated that while he was a friend of John Kerry's his vote had to go to Bush because Viacom and CBS make more money with a GOP president and he had to vote and endorse the president most likely to help his company.)

In all honesty, if I had money I'd sink every cent possible into Sirius right now, with Karmazin there, it's just a matter of time before Viacom/CBS buys them up.

Murdoch is an old man, he'll be gone soon and his family will destroy his company as so many families do. They'll fight for their share and control and eventually it'll be broken up. So News Corp while their bias is horrid doesn't scare me. Faux News is still Faux News and will start losing its appeal when something bigger comes along. I remember in the 80's and 90's hearing that CNN and Turner were brainwashing kids and had such a left slant that it would effect the future.... didn't did it?

What truly scares me are the sleeping media companies that are positioning themselves very quietly such as NBC/Unviersal, they are slowly buying up cable channels and becoming a powerhouse.

Disney will be a player once again after the dust with ol' Roy Jr and Eisner clears.

Fox is dying off (maybe that's why the deal).

Time Warner/ AOL is dying off, their biggest mistake was pushing Ted Turner out and merging with AOL. I see them eventually splitting apart again and both being extremely weak. But it depends on what Turner does.
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Old 12-08-2004, 01:20 PM   #25 (permalink)
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Quote:
Originally Posted by pan6467
(BTW for all you out there who want to ramble on about CBS being liberally biased...... in an interview with Karmazin, he stated that while he was a friend of John Kerry's his vote had to go to Bush because Viacom and CBS make more money with a GOP president and he had to vote and endorse the president most likely to help his company.)
I saw that interview, its called daming with faint praise.
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Old 12-10-2004, 11:13 AM   #26 (permalink)
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Realize one thing, we live in a market driven economy. I get so tired of hearing people bash the hell out of Fox News and things like CC. Here on the TFP most of you are on that band wagon, but the market AKA most of the othere people in this country want Fox News if they didn,t it would dry up and go away. The same is true of CC, if people dont listen, then advertisers dont spend money, if advertisers dont spend money then programers find programs that advertisers will spend money on. Of course that is just my opinion, I could be wrong
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Old 12-10-2004, 05:43 PM   #27 (permalink)
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Quote:
Originally Posted by Ustwo
Perhaps it would have been best to go with CBS, I'd hate to see them use a biased news agency.
When have Fox come out and admitted they were wrong and apologized?


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Old 12-10-2004, 11:15 PM   #28 (permalink)
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Quote:
Originally Posted by Mr Mephisto
When have Fox come out and admitted they were wrong and apologized?


Mr Mephito
When have they had too? What should they have apologized for?
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Old 12-11-2004, 12:38 AM   #29 (permalink)
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Quote:
Originally Posted by Mr Mephisto
When have Fox come out and admitted they were wrong and apologized?

About what?
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Old 12-11-2004, 09:36 AM   #30 (permalink)
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Quote:
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I saw that interview, its called daming with faint praise.
No, it's called selling your soul.
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Old 12-11-2004, 10:03 AM   #31 (permalink)
 
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let's see about the logic outlined above (no. 26) that tries to use "market forces" to argue that critiques of faux news and/or clear channel are somehow misguided because there is demand for each.

according to this,
all paintings should be of sad-eyed puppies or heroic bourgeois types following through after a doubtless wildly successful drive on the links, or of seagulls coursing over ocean waves, because people buy them and therefore they must be great paintings.

all music should coverge on britney and/or o-town and/or kelly clarkson and/or [the list of interchangeable pop confections is endless--fill in your favorite] because people buy this music so this music must then represent the pinnacle of musical achievement.

all architecure should converge on prison design because the building of prisons remains one of the fastest growing types of public space construction--there is therefore demand----and because there is demand, prison architecture is necessarily the finest in the field.

because market actors are always rational
you have to assume that each actor exercizes the most refined taste
socially available at any given point.

clear channel itself is equally proof of the above and
confirmation of the market ideology so dear to conservatives
according to which markets tend to equilibrium
involving a diversity of small to medium scale producers each of which is totally rational
because they compete with each other.
so clear channel is really about a diverse radio environment in the states
hundreds and hundreds of small, autonomous radio possibilities
and not about concentration
and homogenization
so clear channel is necessarily good.

within tv-land, the same kind of logic would obtain for fox.
because there is demand,
it follows that there is and cannot be any problem with the fact that most americans appear to rely on television for their information about the world.

because of demand,
which is always rational,
the obliteration of context, the hollowing out of information, the confusion of rightwing political biais with reporting are not and cannot be problems.

so if there cannot be a problem with television as information source in general, it follows that there is no problem with any particular television outlet as information source, nor can there ever be one.


glad you helped me work this out, funbob.
i feel more american now.
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Last edited by roachboy; 12-11-2004 at 10:14 AM..
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