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Lava Recording artist Cherie is on track to having a huge summer hit with her debut single “I’m Ready.” The song, which recently was the #2 most added song at the Top 40 radio format, entered the Top 40 chart this week at #37 and is currently being spun by key stations across the country, including KIIS FM/ Los Angeles, WXKS/Boston, WIOQ/ Philly, Y100/ Miami and Star/ Atlanta. The single is available commercially beginning today, Tuesday, May 4th, as an enhanced CD that will feature special bonus material, including remixes of “I’m Ready,” the track “Fool,” from her upcoming album… Read more »

Vivendi Universal and General Electric Co. have agreed to merge the French company’s Hollywood studio and other U.S. entertainment assets with GE’s television network NBC, creating a media giant with an estimated value of $43 billion. The terms of the deal announced Wednesday were largely unchanged from a preliminary agreement reached a month ago, when the two companies entered exclusive talks about a merger and sketched out broad outlines for a combined company to be called NBC Universal. The new company will include the NBC television network and its cable channels CNBC, MSNBC and Bravo and Spanish-language broadcaster Telemundo. From… Read more »

U.S. television network NBC won Vivendi Universal’s marathon show-business auction on Tuesday with a proposed merger to create a new entertainment industry giant worth more than $40 billion. NBC, a unit of General Electric Co., clinched exclusive negotiating rights to finalize a deal that would give it a major film studio, more cable channels and theme parks to vault the No. 1 U.S. broadcast network closer to the ranks of such global titans as Walt Disney Co. and Viacom Inc. If the deal is completed, the new company, to be called NBC-Universal, would include Vivendi’s Universal Pictures, the Hollywood studio… Read more »

When Jean-Marie Messier, the deal-hungry chief of media giant Vivendi Universal, snapped up Seagram and its vast array of entertainment assets last year, the cynics came out in force. How would Messier, a former French banker and civil servant with no experience in the cut-throat and idiosyncratic world of Hollywood, succeed where outsiders had always failed before? And how would the Franco-American conglomerate, with no distribution outlets in the United States to speak of, match the profit potential of rivals like AOL Time Warner Inc., Walt Disney Co. and Viacom Inc. In recent days, Messier has made an ambitious attempt… Read more »

French media conglomerate Vivendi Universal has agreed to buy the entertainment assets of USA Networks Inc. for about $12.4 billion in cash, stock and assumed tax liability, a source familiar with the deal said Sunday. One source said Vivendi’s board approved the deal on Friday, the same day the company said it will buy an 11 percent share of EchoStar Communications Corp., the No. 2 U.S. provider of satellite television. Meanwhile, USA Network approved the deal late Sunday, according to another source who spoke on condition of anonymity. The companies plan to make an annoucement in the near future, probably… Read more »

ABC Radio Networks and Radio One, Inc. have partnered to form a history-making platform that creates the largest radio network reaching the African-American marketplace. The new partnership enables ABC Radio Networks’ Urban Advantage Network (UAN) to be available to more than 93 percent of African-American consumers. The two companies have established an expanded network to create the most wide-reaching radio infrastructure to access the African-American market. Radio One will allocate a portion of its commercial time to ABC Radio Networks’ existing Urban Advantage Network. The alliance bolsters the reach of UAN and provides Radio One with a vehicle to reach… Read more »

Global media companies Viacom Inc. and News Corp. Ltd. Tuesday tallied up hundreds of millions of dollars in losses as advertising revenues were hurt by a weak economy and an uncertain outlook after the Sept. 11 hijacked jetliner attacks. The attacks led many networks to air commercial-free coverage of the news events for at least five straight days. For the most part, however, U.S. investors shrugged off the news of losses as having already been factored into stock prices and sent Viacom and News Corp. shares, as well as major media players like Walt Disney Co., higher on the day.… Read more »

Paul McCartney, The Who, Macy Gray and a host of other performers are scheduled to stage a concert on Oct. 20 in New York to benefit victims and rescue workers from the attacks on the World Trade Center, organizers said Thursday. “The Concert For New York,” to be held at Madison Square Garden, will also be televised live on VH1. Other confirmed performers include Bon Jovi, James Taylor, John Mellencamp, Goo Goo Dolls, Melissa Etheridge, India.Arie as well as actors like Jim Carrey, Jerry Seinfeld, Gwyneth Paltrow and John Cusack. The money raised will go to the Robin Hood Relief… Read more »

Stations to end tragic week marred by the terrorist attacks on the Pentagon and World Trade Center with moment of silence, airing of “Taps.” At noon Eastern time Friday, September 14th, all Clear Channel Washington, Baltimore, Frederick, and Winchester radio stations will join all Infinity, Bonneville, Radio One, and Disney stations with a special tribute to those who died in terrorist attacks in Washington, D.C. and New York. This will commence with a moment of silence followed on most stations by the military bugle salute to the fallen, “Taps” a song that captures the emotions this tragedy. This moment will… Read more »