NBC takes Tuesday with Voice tornado special

NBC opened with a special report on the disaster in Oklahoma and followed with an hour of The Voice, edging ABC which had the season finale of DWTS on its schedule, in the ratings derby. Fox was by itself in 3rd, and Univision just got in ahead of CBS to claim ...

Viacom Raises Stock Dividend By 9

Viacom said its board approved a 9% increase in its quarterly stock dividend to 30 cents a share. Many media companies have been buying back stock and increasing their dividend as a way to increase the attractiveness of their shares. "Viacom is pleased to provide even greater value to shareholders through another increase in our quarterly dividend -- the third increase since we ...

Verizon Court Decision Forecloses FCC Speech Argument

Verizon has told the U.S. Court of Appeals for the D.C. Circuit that its recent ruling in a National Labor Relations Board case forecloses the FCC's argument in defense of network neutrality rules that broadband providers are not speakers but only "conduits" for speech. In its January filing to the court, the FCC said that Verizon and other broadband providers "do not ...

Cox Enterprises giving $1m to tornado victims

Cox Enterprises, in partnership with The James M. Cox Foundation, announced $1 million in support to assist the relief and recovery efforts of the communities affected by the recent tornadoes in Oklahoma. The contribution includes a $500,000 cash donation to the American Red Cross and $500,000 of in-kind support, including public service announcements. "Cox Enterprises is committed to ...

Ingstad buys Fargo six-pack

$9.5MN KPFX-FM, KQWB-AM, KBMW-AM/KLTA-FM & KQWB-FM/KVOX-FM Fargo ND-Moorhead MN (Fargo, West Fargo ND, Breckenridge, Moorhead MN) from L&L Broadcasting Ltd. (Lawrence W. Wilson) to Radio Fargo-Moorhead Inc. (James D. Ingstad, Brooke Ingstad). $1M deposit, balance in cash at closing. LMA until closing. Existing superduopoly. [FCC file date ...