Clear Channel

A flower company is the seventh advertiser to pull its ads from conservative talk show host Rush Limbaugh's radio program in reaction to his derogatory comments about a law student who testified about birth control policy.

Celebrity books normally get a big marketing push. But the campaign for Decoded, the rap mogul's new book of lyrics, is unprecedented. Thanks to backing from Clear Channel and Microsoft's Bing, it's surely in a league of its own.

Howard Stern may be headed back to terrestrial radio before long -- but not if Sirius XM CEO Mel Karmazin has his way. The shock jock's deal with Sirius pays him around $100 million a year, which the company may not be able to sustain.

Citigroup (C) may sell its private equity operations, Citi Private Equity, for $10 billion. The reason for the sale is simple. Citigroup is still trying to rebuild its troubled balance sheet and the $10 billion would come in handy. Of course, getting $10 billion may be easier said than done.

Citadel Broadcasting, the third-largest radio station owner in the U.S., will probably file for Chapter 11 on Sunday. Creditors are allegedly prepared to approve a deal that "would reduce Citadel's debt load to about $762.5 million."

When advertisers slash spending, ad-dependent newspaper companies cut costs by reducing the number of pages they print. Billboard owners aren't as lucky. They're stuck with the unsold ad space. During past recessions, that space would stand empty, aside from bleak black type declaring "Available."...

Although details have yet to emerge, early morning bargaining sessions with the 600-member Newspaper Guild at the Boston Globe appear to have resulted in a deal involving big pay cuts, layoffs, and weaker job guarantees to cut at least $20 million from its costs. But if my calculations are correct,...