Thursday, October 25, 2007

Apple Computer and AT&T Tie Down I-Phone Buyers; Hackers Undo Problem; Apple Sends "Updates" to Wreck the Untied Phones

Surprising number of iPhones unlocked

Apple says nearly one in six have been tampered with to run on unauthorized wireless networks. From Bloomberg News October 24, 2007

Apple Inc. said Tuesday that almost one of every six iPhones sold may have been unlocked to run on unauthorized wireless networks, surprising analysts who had estimated the problem wasn't as widespread.

Chief Operating Officer Timothy Cook said 250,000 of the nearly 1.4 million iPhones sold might have been bought by users with the intention of unlocking them to work on a network other than AT&T's.

Customers who aren't signing up with AT&T, Apple's approved service provider in the U.S., are preventing the two companies from collecting monthly mobile-phone fees. Analysts had estimated that between 10,000 and 100,000 iPhones had been unlocked since Apple began selling the device in June.

"I did not think it was that much," said Gene Munster, an analyst at Piper Jaffray & Co. in Minneapolis, describing the 250,000 figure as "huge."

Some people have been buying five phones at a time at Apple stores in the U.S., modifying the software that locks it to AT&T's service, and then reselling the unlocked iPhones overseas.

To quash unauthorized use, Apple released an iPhone software update last month that rendered some unlocked devices inoperable -- an approach that users described as turning the gadget into a "brick." Hacker groups have since developed software that bypasses Apple's update and allows bricked phones to work again, according to

Apple said Monday it sold 1.12 million phones in the three months ended Sept. 29.

Wednesday, October 17, 2007

Companies Owned By Liberty Media Group


also cross-checked with wikipedia and


-Atlanta Braves baseball team—100%; Atlanta Braves: in 2/2007 purchased from Time Warner in a complex deal, in which $1 billion cash, a group of craft magazines & the Braves (valued at approximately $450 million) were exchanged for 60 million Time Warner stock shares.

-Owner of the Denver Nuggets basketball team, the Colorado Avalanche hockey team and the Pepsi Center, a sports and entertainment facility in Denver, Colorado—6.5%


-Game Show Network—50%, other 50% owned by Sony

-Hallmark Entertainment Investments Co.—11% Owner of controlling interest in Crown Media Holdings, Inc., the owner and operator of U.S. cable television channels, including the Hallmark Channel. Liberty Media has an approximate indirect 9% economic ownership in Crown Media Holdings, Inc. (NASDAQ: CRWN) through its investment in Hallmark Entertainment Investments Co.

-QVC channel—100%

-Starz Entertainment—100%, owns Starz, Encore channels

-50% stake in Discovery - television networks such as the Discovery Channel, the Travel Channel, the Learning Channel and Animal Planet - and the Ascent media postproduction business.


WFRV and WJMN Television—CBS affiliates in Michigan-100%

Liberty has also purchased Green Bay, Wisconsin, television station WFRV-TV and its sister station in Escanaba, Michigan, WJMN-TV, from CBS estimated at about $234 million. CBS will swap the stations and $170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. The purchase was announced February 13, 2007, The sale was completed on April 18, 2007. [7]


-GoPets Ltd. -28%- Virtual community of pets that interact with each other and other users all over the world.—1%

-Wildblue Communications—satellite internet provider—32%—83%

-Expedia inc, owners of :,, Hotwire, Expedia Corporate Travel, TripAdvisor and Classic Vacations.—23%; Liberty Media owns approximately 23% of Expedia common stock representing an approximate 52% voting interest; however, the Chairman and CEO of Expedia currently has the authority to vote these shares.

-IAC/Interactive Corp. , Comprised of HSN cable channel; Cornerstone Brands, Inc.; HSE24;; Ticketmaster; Lending Tree;; ServiceMagic;; Entertainment Publications; Interval International;; Citysearch; Evite;; iBuy; Pronto; and CollegeHumor. –24%; Liberty Media owns approximately 24% of IAC common stock representing an approximate 55% voting interest; however, the Chairman and CEO of IAC currently has the authority to vote these shares.

-Provide Commerce inc-100%, perishable products

-Buy Seasons inc.—100%--costumes and Halloween products


Leisure Arts, publishers of crafts, needlework how-to books—100%


Jingle Networks, Operator of the advertiser-supported 1.800.FREE411 service which allows callers to obtain residential, business and government telephone numbers for no charge.—8.3%

Motorola inc.—3%

DirecTV—owned News Corp—16%; On December 22, 2006 Liberty Media announced that it entered into a definitive agreement with News Corporation to exchange Liberty Media's stake in News Corporation for a News Corporation subsidiary holding a 38.5% stake in DIRECTV Group, Inc., regional sports networks in Denver, Pittsburgh, and Seattle, and $550 million in cash, (with an aggregate value of US$11 billion).. That transaction will allow both sides to avoid paying taxes. News Corporation will retire Liberty's 19% voting stake in a major share buyback that will increase the Murdoch family's stake to around 36%.

McNeill-Lehrer Productions—67%

Overture Films—100%

Sprint Nextel corp. 3%

Time Warner-3%


Also owned acc. to wikipedia:



It originated as part of TCI, an American cable television group, and acquired by AT&T in 1999 for $54 billion.

-2001- It was spun-off from AT&T, subsequently spending $5 billion on nine German regional cable networks.

-In the second half of 2001 it aggressively acquired cable operators and content developers in the EU. During 2003 it bought the remaining 57% of QVC from Comcast for US$7.9 billion and absorbed Liberty Livewire Corporation (formed as a result of the 2000 and 2001 acquisitions of The Todd-AO Corporation, Four Media Company, Video Services Corporation, certain operations of SounDelux Entertainment Group and other businesses engaged in the provision of creative and technical services for the media and entertainment industries).

-In 2004 it increased its voting stake in News to 9% (and its economic interest to 17%, later to 19%), becoming the largest shareholder in the Murdoch-controlled group.

-In March 2005 Liberty announced plans to spin off its stake in the Discovery cable and satellite business, with new publicly traded company (to be called Discovery Holdings and worth between US$10 and $15 billion) housing Liberty's 50% stake in Discovery - television networks such as the Discovery Channel, the Travel Channel, the Learning Channel and Animal Planet - and the Ascent media postproduction business.

--In May 2006, Time Warner acquired Liberty Media's 50% stake in Court TV for $735 million

--On May 16, 2006, IDT sold its IDT Entertainment division to Liberty Media for "for all of Liberty Media's interests in IDT, $186 million in cash and the assumption of existing indebtedness." IDT Entertainment's assets and Starz Entertainment Group's popular line of premium TV channels will combine to produce content for all distribution platforms. [4]

Friday, October 12, 2007

Gap between rich, poor seen growing

Income disparity reaches highest since 1920s, paper reports, with recent Wall Street boom partly to blame.

NEW YORK ( -- The income gap between the wealthiest and poorest Americans grew to its widest level since the 1920s, according to a report published Friday.

Citing Internal Revenue Service data, the Wall Street Journal reported that the wealthiest 1 percent of all Americans earned 21.2 percent of all the nation's income in 2005, up from the previous high of 20.8 percent in 2000.

Conversely, the bottom half of working Americans earned just 12.8 percent of all the nation's income, down from 13.4 percent in 2004 and slightly lower than 13 percent in 2000.

While the IRS data only dates back as far as 1986, academic experts told the paper that the last time the rich had this large of a share of income was during the 1920s.

The figures, based on "adjusted gross income" which incorporates certain deductions such as contributions to individual retirement accounts, revealed that the income level for the tax filer in wealthiest 1 percent of Americans grew 3 percent to $364,657 between 2000 and 2005, according to the Journal.

At the same time, the median American income, however, slipped 2 percent during that same period to $30,881.

Academic experts told the paper that the income disparity among Americans was due a combination of factors including globalization and technical advances, which favor the most skilled workers, while the recent boom on Wall Street was also seen playing a large part.

Leading up to this summer's market meltdown, stocks were on a tear, while the availability of cheap credit helped led not only to big deals, but hefty payouts for workers in the private equity, hedge fund and investment banking businesses.

Thursday, October 11, 2007

It's About Time

Chevron says its earnings will take a hit

The heads-up signals that oil firms' profits will be more modest in future quarters.
By Elizabeth Douglass, Los Angeles Times Staff Writer
October 10, 2007,1,374836.story?ctrack=1&cset=true

Sharply lower profit from making fuel took a big bite out of Chevron Corp.'s third-quarter earnings, which the oil company said Tuesday would be "significantly below" the record $5.4 billion it earned during this year's second quarter.

The announcement by the nation's second-largest oil company wasn't a surprise but is nonetheless one of the strongest signals yet that industrywide, record-setting results have come to an end and that oil companies are going to be posting smaller profits in the quarters to come....

Twisted Irony...

"the merely affluent are diminishing the ability of the very rich to derive pleasure"

Feel sorry for wealthy? Now that's rich

Enough, already, with compassion for society's middle and lower orders. There currently is a sympathy deficit regarding the very rich. Or so the rich might argue because they bear the heavy burden of spending enough to keep today's plutonomy humming.

Furthermore, they are getting diminishing psychological returns on their spending now that luxury brands are becoming democratized. When there are 379 Louis Vuitton and 227 Gucci stores, who cares?

Citigroup's Ajay Kapur applies the term "plutonomy" to, primarily, the United States, although Britain, Canada and Australia also qualify. He notes that America's richest 1percent of households own more than half the nation's stocks and control more wealth ($16 trillion) than the bottom 90percent. When the richest 20 percent account for almost 60 percent of consumption, you see why rising oil prices have had so little effect on consumption.

Kapur's theory is that "wealth waves" develop in epochs characterized by, among other things, disruptive technology-driven productivity gains and creative financial innovations that "involve great complexity exploited best by the rich and educated of the time." For the canny, daring and inventive, these are the best of times - and vast rewards to such people might serve the rapid propulsion of society to greater wealth.

But it is increasingly expensive to be rich. The Forbes CLEW index (the Cost of Living Extremely Well) - yes, there is such a thing - has been rising much faster than the banal CPI (consumer price index). At the end of 2006, there were 9.5 million millionaires worldwide, which helps to explain the boom in the "bling indexes" - stocks such as Christian Dior and Richemont (Cartier and Chloe, among other brands), which are up 247 percent and 337 percent respectively since 2002, according to Fortune magazine. Citicorp's "plutonomy basket" of stocks (Sotheby's, Bulgari, Hermes, etc.) has generated an annualized return of 17.8percent since 1985.

This is the outer symptom of a fascinating psychological phenomenon: Envy increases while - and perhaps even faster than - wealth does. When affluence in the material economy guarantees that a large majority can take for granted things that a few generations ago were luxuries for a small minority (a nice home, nice vacations, a second home, college education, comfortable retirement), the "positional economy" becomes more important.

Positional goods and services are inherently minority enjoyments. These are enjoyments - "elite" education, "exclusive" vacations or properties - available only to persons with sufficient wealth to pursue the satisfaction of "positional competition." Time was, certain clothes, luggage, wristwatches, handbags, automobiles, etc. sufficed. But with so much money sloshing around the world, too many people can purchase them. Too many, in the sense that the value of acquiring a "positional good" is linked to the fact that all but a few people cannot acquire it.

That used to be guaranteed because supplies of many positional goods were inelastic - made by a small class of European craftsmen. But when they are mass-produced in developing nations, they cannot long remain such goods. When 40 percent of all Japanese - and, Fortune reports, 94.3 percent of Japanese women in their 20s - own a Louis Vuitton item, its positional value vanishes.

James Twitchell, University of Florida professor of English and advertising, writing in the Wilson Quarterly, says this "lux populi" is "the Twinkiefication of deluxe." Now that Ralph Lauren is selling house paint, can Polo radial tires be far behind? When a yacht manufacturer advertises a $20 million craft, cachet is a casualty.

As Adam Smith wrote in "The Wealth of Nations," for most rich people "the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves." Hennessy understands the logic of trophy assets: It is selling a limited batch of 100 bottles of cognac for $200,000 a bottle.

There is some good news lurking amid the vulgarity. Americans' saving habits are better than they seem because the very rich, consuming more than their current earnings, have a negative savings rate.

Furthermore, because the merely affluent are diminishing the ability of the very rich to derive pleasure from positional goods, philanthropy might become the final form of positional competition. Perhaps that is why so many colleges and universities (more than 20, according to Twitchell) are currently conducting multibillion-dollar pledge campaigns. When rising consumption of luxuries produces declining enjoyment of vast wealth, giving it away might be the best revenge.

Matrix of Big USA Media Monopolies

Tuesday, October 09, 2007


117 total

--45 out of 117 are owned by MediaNews Group

-Only in L.A and the Bay Area are there longtime competing daily papers, although the L.A. Times (circulation 779,000) widely outsells the 4 L.A. County papers owned by MediaNews Group, (388,000 total). In the 8 county Bay area, MediaNews' 4 papers outsell the San Francisco Chronicle (circulation 365,000) with a combined 615,000 daily circulation. The North Coast town of Eureka also has two dailies, one recently launched and distributed free by the largest real estate developer in the town. Santa Barbara also has a recently launched free daily.

November 2007 circulation figures: (3/2007 figures)

-Hearst Corporation, owner of the SF Chronicle, is partners with MediaNews in owning daily papers outside of the Bay area and around the USA. The L.A. Times co-financed MediaNews' purchase of the L.A Daily News and they jointly bundle their ad insert sales. See the following link for more on that deal:

North Coast

The Daily Triplicate - Crescent City, Western Communications (Tues-Sat)


The Eureka Reporter –Robin Arkley

Times-Standard - Eureka MediaNews Group


Ft Bragg Advocate News (Ft Bragg) –MediaNews Group (weekly)

Lake County Record Bee (Lakeport) –MediaNews Group

The Ukiah Daily Journal –MediaNews Group

Willits News (Willits) –MediaNews Group (twice a week)

Mendocino Beacon (Mendocino)-MediaNews Group (weekly)


SF Bay Area

San Francisco Chronicle - -Hearst co.

San Francisco Daily - (free m-f)-Dave Price and Jim Pavelich

San Francisco Examiner - (free) -Phillip Anschutz/Clarity Media Group


Napa Valley Register - Lee Enterprises

Marin Independent Journal - Novato- –MediaNews Group

Petaluma Argus Courier- -New York Times co.

The Press-Democrat - Santa Rosa- New York Times Company

Times-Herald - Vallejo- MediaNews Group


Contra Costa Times - Walnut Creek - Group-- Also, the West County Times, East County Times, San Ramon Valley Times and Valley Times are duplicates of Contra Costa Times

East Bay Daily News - Berkeley (free)– MediaNews Group

Oakland Tribune - Oakland- –MediaNews Group

Alameda Times-Star (edition of Oakland Tribune)- -MediaNews Group

The Daily Review (Hayward)- -MediaNews Group

The Argus - Fremont - –MediaNews Group

Fremont Bulletin, MediaNews Group

Milpitas Post -MediaNews Group

Tri-Valley Herald - Pleasanton --MediaNews Group


San Jose Mercury News MediaNews Group

Morgan Hill Times- Mainstreet Media Group

Gilroy Dispatch - --Mainstreet Media Group

Berryessa Sun, MediaNews Group


Los Gatos News (weekly) - MediaNews Group

Palo Alto Daily News - (free) –MediaNews Group

San Mateo Daily News - (free) –MediaNews Group

San Mateo County Times - –MediaNews Group

San Mateo Daily Journal

Pacifica Tribune (Pacifica) -MediaNews Group

Redwood City Daily News (free) MediaNews Group

Burlingame Daily News –(free) –MediaNews Group

Central Coast

Hollister Free Lance - Mainstreet Media Group

The Pinnacle- (weekly) Mainstreet Media Group

Santa Cruz Sentinel - MediaNews Group

Good Times Santa Cruz- (weekly) Mainstreet Media Group

Watsonville Register-Pajaronian - –News Media Corporation


Monterey County Weekly - - Milestone Communications inc.

Monterey Herald - –MediaNews Group

The Salinas Californian - -Gannett co.


The Tribune - San Luis Obispo- McClatchy co.

New Times SLO— New Times Media Group-(weekly)


Santa Maria Times - -Lee Enterprises

Santa Maria Sun - New Times Media Group (weekly)

The Lompoc Record Lee Enterprises

Times Press Recorder -Lee Enterprises (weekly)

Adobe Press -Lee Enterprises (weekly)

Santa Ynez Valley News-Lee Enterprises

Santa Barbara Daily Sound - -(free) NODROG Publications

Santa Barbara News-Press - a-Wendy McCaw


Ventura County Star - - E.W. Scripps co.

Central Valley/Sierras

Siskiyou Daily News - Yreka-Gatehouse Media inc.

Record Searchlight - Redding –E.W. Scripps co.

Red Bluff Daily News - –MediaNews Group

Oroville Mercury-Register - --MediaNews Group

Paradise Post (Paradise) -MediaNews Group

Chico Enterprise-Record - –MediaNews Group

The Mountain Democrat - Placerville McNaughton family.

Tahoe Daily Tribune - , Swift Communications

Sierra Sun- - Swift Communications

The Union - Grass Valley- Swift Communications

Auburn Journal - -Gold Country Media, (publishes 10 daily and weekly papers)

The Davis Enterprise - -McNaughton family

The Fairfield Daily Republic - -McNaughton family, The Daily Republic is part of the McNaughton Newspapers including the Davis Enterprise, the Mountain Democrat, Village Life, and Winters Express newspapers.

The Daily Democrat - Woodland - MediaNews Group

Vacaville Reporter -MediaNews Group

Appeal-Democrat - Marysville Freedom Communications

The Sacramento Bee - -McClatchy co

Amador Ledger-Dispatch-Mainstream Media Group

The Record - Stockton - Ottaway Newspapers, Inc/Dow Jones—bought by News Corp.

Tracy Press - –family owned

Lodi News-Sentinel -

Manteca Bulletin - –Morris Multimedia

Turlock Journal - -Morris Multimedia-twice a week

The Union-DemocratSonora- Western Communications inc.

The Modesto Bee - -McClatchy co

Merced Sun-Star - –McClatchy co.

The Fresno Bee - -the McClatchy Co

The Sentinel - Hanford- Lee Newspapers

Porterville Recorder -

Tulare Advance-Register/Visalia Times-Delta - -Gannett co.

Bakersfield Californian - –family owned

The Daily Independent - Ridgecrest –Gatehouse Media inc.


Grunion Gazette (Long Beach) -(weekly) MediaNews Group

Long Beach Press-Telegram - MediaNews Group

Daily News San Fernando Valley--MediaNews Group

Los Angeles Sentinel - owned by Danny Bakewell, distributed by L.A. Times

Los Angeles Times Tribune Company

San Gabriel Valley Tribune - West Covina- -MediaNews Group

Antelope Valley Press - Palmdale- independent

Palos Verdes Peninsula News - –MediaNews Group

Star-News - Pasadena MediaNews Group

The Signal - Santa Clarita-

Santa Monica Daily Press - Newlon Rouge, Inc.

The Daily Breeze - Torrance ,

Beach Reporter/weekly –MediaNews Group (Los Angeles) -MediaNews Group

Whittier Daily News -MediaNews Group

Far South Calif.

The Orange County Register - Santa Ana -Freedom Newspapers


The Daily Dispatch - Barstow- Freedom Communications

Inland Valley Daily Bulletin - Ontario- –MediaNews Group

The Sun (San Bernadino) -MediaNews Group

Redlands Daily Facts - - MediaNews Group

Daily Press - Victorville- Freedom Communications

Hesperia Star- Freedom Communications


The Desert Sun - Palm Springs- Gannett co

The Press-Enterprise - Riverside- Belo co.


The Californian

Ramona Sentinel- Mainstreet Media Group (probably weekly)

La Jolla Light- Mainstreet Media Group

Del Mar Times- Mainstream Media Group

North County Times - Escondido Lee Enterprises

The San Diego Union-Tribune - Copley Press

Today's Local News - San Marcos- Copley Press


Imperial Valley Press - El Centro

Monday, October 08, 2007

What Companies Dominate the Right-Wing Radio Talk Show Business?

--analysis by Rex Frankel

A report by a progressive media watch group released in June of 2007 stated:
"Our analysis in the spring of 2007 of the 257 news/talk stations owned by the top five commercial station owners reveals that 91 percent of the total weekday talk radio programming is conservative, and 9 percent is progressive. Each weekday, 2,570 hours and 15 minutes of conservative talk are broadcast on these stations compared to 254 hours of progressive talk—10 times as much conservative talk as progressive talk."

Several interesting things were not mentioned in the summary of this report: for CBS radio, of their total of 30 news or talk stations that air or could air 720 hours of programming a day (24 hours times 30), they only aired 68.5 hours of conservative talk. That's only 9.5% of their total airtime. Only 3.3% of their total airtime was devoted to progressive talk, but also a whopping 88% was non-political by the standards in this study. While the progressive percentage should be equal to the conservative time, this huge amount of non-political fare is what a good news broadcaster should be doing.

On the other hand, the other big 5 radio owners had super-high percentages of conservative talk compared to their total airtime. Clear Channel was 40% conservative vs. 6.5% progressive; Citadel was 49% conservative vs. .0018% progressive; Cumulus was 38% conservative vs. 0% progressive and Salem was 83% conservative vs. 0% progressive.

Another big broadcaster that is not in the top 5, Disney/ABC, has similar high percentages of conservative shows. In fact, nationwide, they are the network that airs Rush Limbaugh and Sean Hannity in most of the U.S.'s big cities. Disney now no longer owns ABC radio, as they sold it to Citadel Broadcasting in June of 2007. What this shows is that CBS, owned by the same guy who owns the Daily Show and the Colbert Report, is not necessarily the right wing cesspool that they have been lumped into. The other broadcasters, however, are clearly abusing the public airwaves with which they have been entrusted.

Here's the press release for the report:

REPORT: The Right Wing Domination Of Talk Radio And How To End It

The Center for American Progress and Free Press today released the first-of-its-kind statistical analysis of the political make-up of talk radio in the United States. It confirms that talk radio, one of the most widely used media formats in America, is dominated almost exclusively by conservatives.

The new report entitled The Structural Imbalance of Political Talk Radio raises serious questions about whether the companies licensed to broadcast over the public radio airwaves are serving the listening needs of all Americans. While progressive talk is making inroads on commercial stations, right-wing talk reigns supreme on America’s airwaves.

Some key findings:
-In the spring of 2007, of the 257 news/talk stations owned by the top five commercial station owners, 91 percent of the total weekday talk radio programming was conservative, and only 9 percent was progressive.
-Each weekday, 2,570 hours and 15 minutes of conservative talk are broadcast on these stations compared to 254 hours of progressive talk; 10 times as much conservative talk as progressive talk.
-76 percent of the news/talk programming in the top 10 radio markets is conservative, while 24 percent is progressive.

Two common myths are frequently offered to explain the imbalance of talk radio: 1) the 1987 repeal of the Fairness Doctrine (which required broadcasters to devote airtime to contrasting views), and 2) simple consumer demand.

Read some of them in response to our report here.

Each of these fails to adequately explain the root cause of the problem. The report explains: Our conclusion is that the gap between conservative and progressive talk radio is the result of multiple structural problems in the U.S. regulatory system, particularly the complete breakdown of the public trustee concept of broadcast, the elimination of clear public interest requirements for broadcasting, and the relaxation of ownership rules including the requirement of local participation in management Ultimately, these results suggest that increasing ownership diversity, both in terms of the race/ethnicity and gender of owners, as well as the number of independent local owners, will lead to more diverse programming, more choices for listeners, and more owners who are responsive to their local communities and serve the public interest. Along with other ideas, the report recommends that national radio ownership not be allowed to exceed 5 percent of the total number of AM and FM broadcast stations, and local ownership should not exceed more than 10 percent of the total commercial radio stations in a given market.

Read the full report here.


Other Groups Keeping track of right-wing media bias

Clear Channel Agrees to Sell Television Station Group to Providence Equity Partners;

(excerpts): SAN ANTONIO – April 20, 2007 – Clear Channel Communications, Inc. (NYSE:CCU) announced today it has entered into a definitive agreement to sell its Television Group to Providence Equity Partners Inc. for approximately $1.2 billion. The sale includes 56 television stations (including 18 digital multicast stations) located in 24 markets across the United States. Also included in the sale are the stations’ associated Web sites, the Television Operations Center, and Inergize Digital Media, which manages the Television Group’s online and wireless initiatives. The transaction is expected to close in the fourth quarter of 2007, subject to regulatory approvals and other customary closing conditions.

The Television Group currently consists of ten CW, eight FOX, seven NBC, six ABC, six CBS, four My Network TV, two NBC Weather Plus, two Telemundo, five independent stations, and six stations affiliated with Clear Channel’s Variety Television Network (VTV). A chart of the individual broadcast properties, by location and network affiliation, is attached below.

Clear Channel estimates net proceeds after-tax and after customary transaction costs will be approximately $1.1 billion for the Television Group. Information on the treatment of tax loss carry forwards relative to this sale is provided below.


Clear Channel previously announced that it was also attempting to divest 448 radio stations in 88 markets. To date the Company has entered definitive agreements to sell 161 radio stations in 34 markets for a total consideration of approximately $331 million. The Company expects these transactions to close during the second half of 2007. The Company estimates net proceeds after-tax and after customary transaction costs for these 161 stations will be approximately $300 million. Information on the treatment of tax loss carry forwards relative to these sales is provided below.

The Company continues to pursue the divestiture of 287 radio stations in 54 markets. These remaining stations that are not under definitive agreement had OIBDAN* of approximately $54 million in 2006. There can be no assurance that any or all of these stations will ultimately be divested and the Company reserves the right to terminate the sales process at any time.

More information is available at

About Providence Equity Partners

Providence Equity Partners Inc. is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence Equity manage funds with approximately $21 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm's inception in 1990. Significant investments include Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, Freedom Communications, Idea Cellular, Kabel Deutschland, Metro-Goldwyn-Mayer, Ono, Open Solutions, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment Sports Network. Providence Equity is headquartered in Providence, RI (USA) and has offices in New York and London. The firm is opening offices in Hong Kong and New Delhi.



( technically, two separate companies but with the same owner)


CBS Networks: CBS Television Network, UPN, Showtime Networks, Inc. (SNI) owns Showtime, The Movie Channel, Flix, Showtime Too, Showtime Showcase, Showtime Extreme, Showtime Beyond, Showtime Next, Showtime Women, Showtime Familyzone, TMC XTRA, Showtime HD, The Movie Channel HD, Showtime on Demand, Sundance Channel (joint venture, SNI owns 30%), Showtime PPV, CBS Entertainment, CBS News, CBS Sports, CSTV Networks, Inc.

CBS Television Stations Group: consists of 41 stations in 27 markets, featuring affiliates of CBS, UPN, WB and a small number of independents as of the end of 2005. (A search tool for stations can be found at their corporate web site. An overview can be found here.)

CBS Programming: The Early Show, 60 Minutes, 48 Hours, Face the Nation, CW Network (50% with Time Warner), CBS Paramount TV, Spelling Television, King World.

VIACOM Networks: MTV Music Television, MTV2, Nickelodeon, Nick at Nite, TV Land, VH1, Spike TV, CMT: Country Music Television, Comedy Central, MTV U, LOGO (planned for 2005), MTV World (planned for 2005), MTV Films, Nickelodeon Movies, Paramount Comedy, The Box, Game One, Viva, TMF (The Music Factory), MTV Network Europe, MTV base, BET, BET Jazz, BET Gospel, BET Hip Hop.

VIACOM Production: BET Event Production, MTV Productions

VIACOM Programming: Noggin, Nick Gas, Turbo Nick, Nicktoons Network, The Daily Show, The Colbert Report, MTV Desi, MTV Chi, MTV Tr3s, MTV Jams, VH1 Classic, VHUno, VH1 Soul, VH1 Country, MTV Mandarin, Nick Jr. Australia, Nickelodeon Brasil


Subsidiary Infinity Radio, Inc. (to be re-branded CBS Radio) owns 178 radio stations as of the end of 2005. A full list is available via their corporate web site. CBS also owns the CBS Radio Network


MTV Radio, BET Radio, Imagine Radio Limited


Simon & Schuster: Atria Books, Kaplan, Pocket Books, Scribner, Simon & Schuster, The Free Press, The Touchstone, Fireside Group

Simon & Schuster Children's Publishing: Aladdin Paperbacks, Atheneum Books for Young Readers, Little Simon, Margaret K. McElderry Books, Simon & Schuster Books for Young Readers, Simon Pulse, Simon Spotlight

Other Publishing: Simon & Schuster New Media, Simon & Schuster Online, Simon & Schuster UK, Simon & Schuster Australia, MTV Books


Music: Famous Music Publishing Co., The Extreme Music Library, Director's Cuts Production Music

Magazines: Nickelodeon Magazine


CBS: CBS Digital Media Group,,,,,,,,, Innertube,

VIACOM INTERNET:,,,,, GT.TV,, Neopets Inc,,, MTVi Group,,, Comedy Central's MotherLoad, MTV Overdrive, VH1 Vspot, BET on Blast,

Viacom has teamed with Microsoft to operate an MTV site offering video and MP3 downloads. The company has also launched broadband versions of its cable networks, including MTV, Comedy Central and Nickelodeon.


Theme parks: owns Paramount's Carowinds, Paramount's Great America, Paramount's Kings Dominion, Paramount's Kings Island, Paramount's Canada's Wonderland (note: these five parks were sold in 2006 to Cedar Fair LP, owner of the Knotts Berry Farms park in the L.A. area. See Cedar Fair also took over the management of Bonfante Gardens horticultural theme park (Gilroy, CA) and Star Trek: The Experience (themed attraction at Las Vegas Hilton)

CBS still owns the CBS Television City attraction at the MGM Grand Hotel & Casino (Las Vegas, NV).


CBS Outdoor


VIACOM: Paramount Pictures (including DreamWorks SKG), Paramount Home Entertainment, iFilm Corp, MTV Films


Famous Players (theatrical exhibitor, Canada, with 50% interest in Mann Theaters), Xfire (gaming), MTV Mobile



Magazine, Gruner+Jahr: owns more than 285 print titles, including: Child, Family Circle, Fast Company, Fitness, Inc., Parents, Parents Expecting and Baby, National Geographic, Brigitte, Stern, and Geo.

Books: Random House, Inc.
Random House owns more than 100 imprints including: Ballantine Publishing Group, Bantam Bell Publishing Group, Broadway, Crown Publishing Group, Doubleday Broadway Publishing Group, Pantheon, Random House UK, Transworld, Sudamericana, C. Bertelsmann, Karl Blessing Verlag, Goldmann, Siedler Verlag, Wolf Jobst Siedler Verlag, Plaza & Janes (50%), Grijalbo Mondadori (50%), Knopf Publishing Group, RH Adult Trade Publishing Group, RH Audio, RH Children�s Books, RH Direct, Inc., RH Information Group, RH International, RH Large Print, RH Value Publishing, and Waterbrook Press. All subsidiaries own publishing groups of their own.

Music: BMG, consisting of joint venture Sony BMG Music Entertainment (50%) and BMG Music Publishing. BMG Sony owns record labels Arista Records, Columbia Records, Epic Records, J Records, Jive Records, LaFace Records, Legacy Recordings, Provident Music Group, RCA Records, RCA Victor Group, RLG-Nashville, SONY BMG Masterworks, Sony Music Nashville, Sony Urban Music, Sony Wonder, So So Def Records, Verity Records. BMG Music Publishing owns copyrights to more than 1 million songs.




Cable channels:

Fox Movie Channel,

Fox News Channel,

Fox Reality,


National Geographic Channel (US 67% and Worldwide 50%),

Formerly owned stakes in Golf Channel and Outdoor Life, which were sold to Comcast

??The Health Network??

Fox College Sports, Fox Sports Enterprises, Fox Regional Sports Networks (14 owned and operated), Fox Sports En Espanol, Fox Sports Net, Fox Sports Net Bay Area (40%), Fox Soccer Channel, Fox Pan American Sports (38%), FUEL TV, SPEED Channel, National Sports Partners,

Premier Media Group (Australia 50%),

Premium Movie Partnership (Australia 20%),

Cine Canal (Latin America 23%),

Telecine (Latin America 13%),

National Advertising Partners,

Programming: Special Report with Brit Hume, Fox Report with Shepard Smith, On the Record With Greta Van Susteren, Fox News Sunday, The O’Reilly Factor, Hannity and Colmes

Broadcast TV in USA:

37 U.S. Stations in 28 markets as of May, 2006. For an official list, please see their corporate website.

List of Fox owned-and-operated stations

Currently, a total of 35 stations, consisting of 25 Fox stations and 10 MyNetworkTV stations.

Note: **Indicates original Fox-owned stations from the network's inception in 1986.


City of License/Market


Owned Since

Current Affiliation


New York City

WNYW 5 **







Los Angeles

KTTV 11 **








WFLD-TV 32 **












Dallas - Fort Worth










(previously owned from 1987-91)








Washington, D.C.

WTTG 5 **











KRIV-TV 26 **

















Tampa - St. Petersburg





Minneapolis - St. Paul








Cleveland - Akron

WJW-TV 8 [1]





KDVR 31 [1]




Orlando - Daytona Beach








St. Louis

KTVI 2 [1]









Kansas City, Missouri

WDAF-TV 4 [1]





WITI-TV 6 [1]




Salt Lake City

KSTU 13 [1]




Birmingham - Tuscaloosa, AL

WBRC-TV 6 [1]




High Point - Greensboro -
Winston-Salem, N.C.

WGHP 8 [1]





WHBQ-TV 13 [1]




Austin, Texas





Ocala - Gainesville, FL




6/2007 To be sold—9 stations in Greensboro, North Carolina; Memphis, Tennessee; and Birmingham, Alabama, Cleveland, Denver, St. Louis, Kansas City, Milwaukee, Salt Lake City

My Network TV,

Fox Television Network

Satellite Television:
Europe: SKY Italia includes Sky Sport, Calcio Sky, Sky Cinema, Sky TG 24; British Sky Broadcasting (37%) includes Sky News, Sky Sports, Sky Travel, Sky One, Sky Movies

Latin America:Sky Latin America DBS Platforms include Mexico (Innova 30%) and Brazil (Sky Brasil 50%), Direct TV Latin America

Asia: STAR (satellite television in Asia), Space TV (India DBS 20%), Phoenix Satellite Television (38%), Hathway Cable and Datacom (26%), China Network Systems (17 affiliated cable systems), BskyB, DIRECTTV, SKY Italia, FOXTEL (25%, Australia’s leading subscription television provider).

United States: DIRECTV Group (34%) traded in 2006 to Liberty Media



13 Magazines:

Big League,


donna hay,

News America Marketing (In-Store, FSI (SmartSource), SmartSource iGroup, News Marketing Canada),


The Weekly Standard,

Gemstar- TV Guide International, Inc.(41%),

The Weekend Australian Magazine,


body + soul,




News Custom Publishing,

News Magazine (Australia) Herald and Weekly Times (Australia)


Australia/Asia: More than 110 titles including: Daily Telegraph, Fiji Times, Nai Lalakai, Shanti Dut, Gold Coast Bulletin, Herald Sun, Newsphotos, Newspix, Newstext, NT News, Post-Courier (63%), Sunday Herald Sun, Sunday Mail, Sunday Tasmanian, Sunday Times, Sunday Territorian, The Advertiser, The Australian, The Courier-Mail, The Mercury, The Sunday Mail, The Sunday Telegraph, Weekly Times, The Weekend Australian, MX, Brisbane News, Northern Terrirory News, Cumberland (NSW), Leader (VIC), Quest (QLD), Messenger (SA), Community (WA), Darwin Sun/Palmerson Sun (NT).

United Kingdom: News of the World, The Sun, The Sunday Times, The Times, Times Education Supplement, Times Higher Ed. Supplement, Times Literary Supplement, TSL Education, News Intl

United States: New York Post, Nursery World


HarperCollins Publishers, ReganBooks, Zondervan, Amistad Press (black themed)



Production and Distribution: Fox Filmed Entertainment: 20th Century Fox Film Corporation, Fox 2000 Pictures, 20th Century Fox Espanol, 20th Century Fox Home Entertainment, 20th Century Fox Licensing and Merchandising, 20th Century Fox International, 20th Century Fox Television, Fox Television Studios, 20th Television, Regency Television (50%), Blue Sky Studios, Fox Searchlight Pictures, Fox Music, Fox Studios Australia, Fox Studios Baja (Latin America), Canal Fox (Latin America), Balaji Telefilms (26%, Asia), Fox Studios LA. 20 Cent Fox Animation



Fox Interactive Media, a newly formed unit of News Corp., manages Fox’s online holdings. In 2005 alone, this division spent $1.4 billion on young Internet companies. Its holdings include (a college sports site),, (internet gaming), (film reviews), Simply Hired (an online job search site),, Fox,, Intermix,,,,,,,,,,,,,

Fox is also now offering a mobile entertainment package called Mobizzo on Cingular and T-Mobile phones.



Outdoor advertising: News Outdoor.

Sports: National Rugby League, Stats, Inc..

Nursery World, Stats, Inc., Gemstar-TV Guide International, Inc. (41%)
Europe: NDS (76%), Broadsystem Ventures, Convoys Group, News Outdoor Group (75%), Balkan News Corporation
Australia and New Zealand: News Interactive, Sky Network Television Limited (44%).

International media companies: News Limited (Australia), News Optimus Ltd. (in UK).