September 4, 2013 |
Dial Global, the New York-based radio programming company, has changed its name to WestwoodOne, reviving the better-known brand. WestwoodOne, which Dial Global bought in 2011 , was one of the most recognizable names in the radio industry for decades. However, after the acquisition the name was dropped in favor of Dial Global. By returning to the WestwoodOne name, the company is trying to tap into a brand that already has strong awareness among advertisers and consumers, said Paul Caine, Dial Global's chief executive. “It seemed like a very simple solution to gain awareness and recognition by the broader market,” he said. PHOTOS: 2012 highest-paid media executives WestwoodOne will continue to carry events including NFL games, the Olympic Games and the Grammy Awards to local radio stations around the country.
August 14, 2013 |
NEW YORK -- It was a day filled with more hope than promise. When pitchers Joe Blanton, Tommy Hanson, Ryan Madson and Sean Burnett were introduced together at the ESPN Zone in Anaheim on Dec. 12, the numbers on their new Angels jerseys could have been replaced by question marks. They all had issues, with injuries or declining performance, but if they could remain physically sound and deliver their typical seasons, they would add much-needed depth to the Angels' rotation and bullpen.
July 23, 2013 |
In a blockbuster L.A. financial merger, Pacific Western Bank plans to acquire CapitalSource Bank, creating a robust regional bank with a national commercial lending arm - but wiping out a source of high-yield savings accounts for Southern Californians. CapitalSource had specialized in providing savings options for conservative investors, offering among the best rates in the country at a time when many institutions are paying virtually zero interest. The banks' parent firms, PacWest Bancorp and CapitalSource Inc., said late Monday that PacWest would pay CapitalSource shareholders about $2.3 billion in cash and stock.
July 11, 2013 |
Silver Eagle Acquisition Corp., an investment shell company founded by longtime media heavyweights Harry Sloan and Jeff Sagansky, plans to raise $250 million through an initial public offering. Silver Eagle said it would sell 25 million shares at $10 a share. It's also giving the IPO's underwriters the option to purchase an additional 3.75 million shares. The company will use the money raised to acquire media and entertainment properties, according to a filing with the Securities and Exchange Commission. ON LOCATION: Where the cameras roll This is Sloan and Sagansky's second venture together since Sloan left Metro-Goldwyn-Mayer Studios Inc. Sloan is Silver Eagle's chief executive and Sagansky, who was a senior executive at CBS and Sony Pictures, is its president.
July 9, 2013 |
In celebrating their agreement with free-agent center Dwight Howard, the Houston Rockets said too much. According to Marc Stein of ESPN.com , the Rockets have been fined $150,000 by the NBA for "unauthorized comments made by team personnel about Howard during the league's annual moratorium on player business. " For the first nine days of July, the league office finalizes their year-end accounting for the previous season and determines the salary cap for the coming year. During that time, teams can come to verbal agreements with players but are not permitted to comment publicly.
July 6, 2013 |
Hanley Ramirez said the defense, rather than Stephen Fife, was responsible for the Dodgers' 4-2 loss to the San Francisco Giants on Saturday at AT&T Park. "I let him down a little bit today," said Ramirez, who made one of the Dodgers' three errors. Whatever the case, Fife could be out of the rotation soon, as the Dodgers acquired Ricky Nolasco from the Miami Marlins. In exchange for Nolasco and $197,000 worth of cap space they can use to sign international amateur players, the Dodgers sent the Marlins three pitching prospects: triple-A relievers Josh Wall and Steven Ames, and Class-A starter Angel Sanchez.
June 12, 2013 |
SAN FRANCISCO - Google Inc. snatched a popular mobile mapping service from the outstretched hands of its Internet superpower rivals, securing its dominance in real-time navigation information. Tuesday's $1-billion deal for Waze and the weeks of fevered speculation leading up to its acquisition signal the growing importance of digital maps, apps that are shaping up to be among the most important ones people use on smartphones and tablets. Waze, which helps drivers find the fastest and easiest routes, was being wooed by Facebook Inc. and Apple Inc., among others.
May 20, 2013 |
SAN FRANCISCO - Yahoo Inc. Chief Executive Marissa Mayer is attempting a bold - and risky - strategy to turn around the struggling Internet giant with the $1.1-billion acquisition of Tumblr, a trendy social blogging service popular with teens and young adults. Though Yahoo still has a massive online audience, it's losing its grip on young people and how they consume the Internet on mobile devices. Tumblr, a 6-year-old company with 100 million users who share links, photos and blog posts, represents the new guard of the Internet.
May 19, 2013 |
SAN FRANCISCO -- Yahoo's board of directors has approved a $1.1-billion cash acquisition of blogging site Tumblr. A deal could be announced as soon as Monday, the Wall Street Journal reported Sunday. It's the biggest -- and riskiest -- deal yet for Yahoo Chief Executive Marissa Mayer, who is trying to make pioneering Internet company relevant to younger generations who have gravitated to other services and to mobile devices. PHOTOS: The top smartphones of 2013 The board of the Sunnyvale, Calif., Internet company met Sunday to consider the transaction, which Mayer negotiated.
May 17, 2013 |
SAN FRANCISCO -- Will Yahoo buy Tumblr? That's the $1-billion question du jour courtesy of All Things D. The struggling Internet giant is reportedly in serious talks to buy the blogging service in a deal that could be worth as much as $1 billion. Yahoo declined to comment. Tumblr could not be reached for comment. Since former Google executive Marissa Mayer took over Yahoo last year, she has snapped up 10 small companies including Summly, which summarizes news stories, and Snip.it, a content curation site.