Business

Journal Communications completed its purchase of CW affiliate KWBA Tucson, Ariz. The sellers were Tucson Communications and Cascade Broadcasting Group. Journal already owns ABC affil KGUN in the market.

The proposed merger of the Sirius and XM appeared close to final approval Wednesday, with the sole undecided member of the FCC poised to support the deal if the companies settle past rules violations.

Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.

The group's SVP-CFO Bart Catalane is joining WebLoyalty.com, while Gregory Schmidt, EVP of digital media, is joining Global Translation Inc.

Two additional members of the FCC cast votes on the proposal to approve Sirius Satellite Radio Inc's acquisition of XM Satellite Radio Holdings Inc, one voting for it and another against it, agency sources said on Tuesday.

Wall Street shook off early doldrums and closed sharply higher Tuesday after another drop in oil prices encouraged investors to set aside financial sector worries and go bargain hunting across the market.

The programmer has appointed Dan Bethlahmy director wireless marketing in its digital distribution unit, Tracy Kim, manager of digital products and Emily Powers as manager of business development.

The senior fixed income analyst for Wachovia Capital says that the tough economic times are hammering old media like television broadcasting as they have in the past. But when the rebound comes (who knows when?), television stations should prosper from having embraced digital technology.

The Milwaukee-based broadcaster/publisher reports TV station revenue of $32.6 million, down from $34 million in the same quarter last year. Lower ad revenue in Tucson, Milwaukee, Las Vegas and Ft. Myers cited.