XM Unveils New Innovations at 2007 Consumer Electronics Show and Clear Channel, Microsoft Form HD Radio Partnership14 January 2007
Broadcasting industry news provided by Financial News USA (OTC: FNWU). XM (NASDAQ: XMSR), America's number-one satellite radio company, is showcasing its newest innovations for the car, home, and portable use at the 2007 International Consumer Electronics Show (CES) January 8-11 in Las Vegas. CES is the world's largest annual trade show for consumer technology, attracting more than 140,000 attendees and 2,700 exhibitors. XM is America's number one satellite radio company with more than 7.6 million subscribers. Emmis Communications Corporation (Nasdaq: EMMS) recently announced results for its third fiscal quarter ended Nov. 30, 2006. "While we have been disappointed with the continued softness in our New York and Los Angeles markets, we are beginning to see signs that the worst is behind us. I'm confident that programming and management actions taken in recent months are beginning to deliver and point to better results in 2007," Emmis Chairman and CEO Jeff Smulyan said.
Clear Channel Radio (NYSE:CCU) and Microsoft Corp. said Monday that they will build a nationwide data delivery service using high-definition radio technology. The initiative will be branded MSN Direct HD and it will be an extension of Microsoft's existing MSN Direct service, which already transmits traffic, weather, movie times, sports and stock information. Clear Channel Radio will be supplying the HD radio content. U.S. Starcom, Inc. (OTC: USTA) recently announced that it has entered into a joint venture agreement with Leading Edge Benefits Corp, a private developer of pre-paid discounted health care programs aimed primarily at the Hispanic marketplace. Leading Edge executives have spent hundreds of thousands of dollars developing the platform to deliver these products, which offer exceptional value to consumers without health insurance, or with insurance that has high deductibles.
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