FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Posts Tagged ‘David Faber’

CNBC Reports Citadel In Negotiations With Cumulus

There is word today that Citadel Broadcasting, anchored in New York by WABC-AM, is in negotiations to sell itself to Cumulus Media.

CNBC’s David Faber was the first to break the story today.

He says the deal would be at $37 a share, with $30 in cash and the remaining $7 in Cumulus stock.  

CNBC’s Faber adds that in December, Cumulus, led by its CEO Lou Dickie, made an offer of around $31 a share for Citadel, which ultimately was rejected by the company. 

Since then, CNBC’s Faber reports, Citadel has been in what he deems “auction mode.”

CNBC’s Faber says he doesn’t expect the exclusive negotiations to linger for a long period of time.

The closest Cumulus get to reaching New York City is WFAS in Westchester and a pair of a stations in Bridgeport, CT.

Mediabistro Course

Freelancing 101

Freelancing 101Learn how to manage a top-notch freelancing career! Starting December 1, you'll hear from our expert speakers on the best practices for launching a freelancing career, from the first steps of self-advertising and marketing, to building your schedule and managing clients. Register now!

News Corp.’s Carey: Consistency For Pay Walls Is Key

carey.jpgWhen Chase Carey speaks, the media world listens. And rightfully so. As Rupert Murdoch‘s number two, News Corp.‘s COO’s opinions do have a certain amount of clout.

This morning, at the Media and Money Conference, hosted by Nielsen and Dow Jones, Carey spoke about a number of topics — from Comcast seeking majority ownership of NBC Universal to the future of network television to pay walls for online journalism.

Carey said he thought the NBCU deal “makes sense for Comcast,” adding that it is a “pretty smartly structured deal” for the company. He also seemed pretty excited about the fact that the deal would test the regulatory waters under the new administration, perhaps setting the stage for or heading off other deals in the future. “These are uncharted waters with major issues with two big companies,” he said.

Carey seemed positive that the major players involved would be left with “regulatory baggage” after the deal was completed, although he doubted any assets would have to be sold.

As for pay walls, which News Corp.-owned Wall Street Journal has excelled at and Murdoch has pushed to extend across all his brands, Carey emphasized consistency. He said he was interested in “creating a great experience around content itself,” adding that people will pay for value and a good experience. “Quality journalism has value,” he said.

Later, when a reporter quizzed him about Murdoch’s plans to take his sites off Google and the Journal‘s leaky wall, Carey said he wanted the pay wall to remain consistent — if only subscribers can access certain content on WSJ.com, then others shouldn’t get it for free. But, there is some content you can get for free on the site, Carey pointed out. He didn’t outline any plans for creating the consistency he championed.

More from the Media and Money Conference, after the jump

Read more

Cronkite To Be Honored At New York Press Club Annual Conference

cronkite2.pngThe New York Press Club is set to convene it’s 17th annual conference at NYU’s Kimmel Center later this month.

The gathering, themed “Hard News in Hard Times,” will see late news legend Walter Cronkite inducted into the organization’s hall of fame and WCBS courts reporter Irene Cornell honored with a prize for outstanding achievement in journalism. David Faber of CNBC will provide the keynote address.

If conferences are your thing and you’re free on Saturday, September 26, you might consider forking over the $50 for non-members ($35 for members, $15 for students.) In addition to the usual fare of how-to’s, there are a number of panels focused in one way or another on the changing media landscape.

A list of panels at the conference after the jump

Read more