
Dubroff: Hedge fund gobbling up newspapers bad for journalism

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Salem Media to offer $225 million in secure notes

Salem Media Group reported first quarter 2017 net income of $1.1 million, or 4 cents per share, and announced plans for a private offering of $225 million in senior secured notes May 8. Total revenues and operating expenses both edged up slightly from the previous first quarter for the Camarillo-based Christian and conservative media company, Read More →
Merger of AT&T, Time Warner has a familiar ring

Thirty five years ago, I was a reporter for Springfield Newspapers in Massachusetts when AT&T was broken up and the era of the “Baby Bells” began. That era effectively ended this month when a reconstituted AT&T announced a $68 billion merger with Time Warner, the owner of Warner Brothers, HBO, CNN and other assets that Read More →
KEYT sold to Missouri media firm
KEYT-TV, the ABC-affiliated television station serving Santa Barbara and San Luis Obispo counties, has been sold to Missouri-based News-Press & Gazette Co., or NPG. Terms of the deal were not disclosed. “We have greatly valued the opportunity to serve the communities of California’s Central Coast,” KEYT’s general manager, Michael Granados, said in a statement. “Fortunately, Read More →
Disney vet talks animation at CSUCI
Hollywood is reinventing the technology of visual effects each time a studio produces a new feature film. That’s the view of Drew Tolman, a post-production supervisor at The Walt Disney Co. and veteran of the animation industry. “Visual effects changes are so rapid that they are literally happening production by production,” she told members of Read More →