Imagination TV Inc. (IMTV)

[paulyb]

In Dec. Clear channel purchased a minority interest in Seacrest Productions to help CC go beyond the radio business and identify media opportunities for CC. CC helped arrange a 300mil line of credit for Seacrest through Bain Cap. I would find it hard to believe that CC would go outside their own company once the airport test is complete. There are seversl articles that spell the arrangement out in detail. Google Clear Channel/Seacrest and take your pick. The Hollywood reporter article is excellent. As for the cord cutting the NAB (Nat. Assoc. of Broadcasters)goes with the 10% number on OTA. They don't get their info from independent antenna shops. The NAB met last week in Las Vegas with thousands of people from the TV broadcast business.For some reason Punch didn't go. I guess with only 2 employees they wouldn't have anyone to answer the phone.