MediaDailyNews

Despite the rapid rise of online media, television, followed by newspapers and radio, remain the most credible sources of news and information, according to a nationally representative survey conducted by Opinion Research Corp.

Young Broadcasting, whose stock price has plummeted to below 8 cents and has been threatened with delisting, said last week that it has shifted to another NASDAQ trading market that gives it more time to raise its share price above $1.

A top Time Warner executive threw lukewarm water Wednesday on any possible merger or alliance with NBC Universal. Questions about the future of NBC (now NBCU) within General Electric have percolated for at least a decade now, but the likelihood of a divestiture remains slim.

Clear Channel Radio is selling 60 more stations in markets around the country. The company is selling the stations to comply with one of the conditions set by the Federal Communications Commission and Department of Justice for approving the sale of Clear Channel Communications to two private equity firms.

Despite broader issues in the overall economy, the media industry continues to be among the fastest growing industrial sectors in America. Long-term secular shifts, however, are altering the role of some major media and forms of advertising and marketing services.

The Advisory Committee on Diversity for Communications in the Digital Age has asked the Federal Communications Commission to investigate the potential effects of measurement by the Portable People Meter, Arbitron's passive electronic measurement system, on radio stations with "urban" formats.

The Census Bureau released some noteworthy details about the growth of American TV consumption in order to mark the "historic" February 2009 digital transition.

Americans are either more aware of HD Radio than a year ago, or less, depending on which of three recent studies you choose to read. The rollout of HD digital radio to the public has been slower than expected, and the new technology still isn't producing substantial revenues or increases in listening.

Legacy media companies are desperately trying to convince their shareholders that shrinkage is a transient phenomenon.

Several broadcast groups are experiencing a recent spending lift thanks to contentious political races