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."
