Radio News

NEW YORK - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut ... via The Shreveport Times

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“So naturally I want to take on even more responsibility for our print business.”

Randy Michaels, who has been Tribune Co.'s chief executive of interactive and broadcasting since December, has been promoted to chief operating officer of Tribune Co., the company announced Wednesday. via Newsday.com

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Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.The radio ... via KansasCity.com

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SIRI / XMSR Citi issued a report on Sirius and XM that takes a deeper look at ARPU, and merger synergies. via Seeking Alpha

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“We're in the biggest markets and print still grabs a bigger share of advertising revenue than any other medium”

CHICAGO - Tribune Co. named Randy Michaels as its new chief operating officer on Wednesday, putting the radio industry veteran in charge of newspapers and broadcasting at the media conglomerate. via The Cincinnati Enquirer

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“If there's no merger, it's going to be a lot more difficult for either of them to survive on their own, especially XM”

Sirius Satellite Radio Chief Executive Mel Karmazin is willing to play ball with the government on possible conditions placed on his planned merger with XM Satellite Radio. via KIVI-TV Nampa

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The banks being sued over Clear Channel Communications Inc.'s $19.5 billion leveraged buyout have filed a new motion asking a Texas court to throw out the suit. via MySanAntonio.com

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WASHINGTON, May 7 /PRNewswire-FirstCall/ -- XM Satellite Radio has scheduled a conference call for Monday, May 12, 2008, at 10:00 a.m. ET to announce and discuss its first quarter 2008 financial results. via Earth Times

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“But the question is: Has she violated university policy or laws in her capacity as general manager of the radio station? Right now, no one from the chancellor to the vice chancellor to the human resource department has any indication that she has.”

The University of Missouri-St. Louis is looking into questions surrounding the management and accounting practices at its radio station KWMU . via Riverfront Times

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FBI agents on Tuesday raided the Office of Special Counsel and closed down its e-mail system in what appears to be a probe into political misuse of the agency, the Wall Street Journal and National Public Radio ... via Raw Story

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