...Clear Channel Communications Case 1. Evaluate the sales process that led to the 37.60 offer. Did the sales process followed by the Board and the Special Advisory Committee maximize the offer price? What else should have been done, if anything, to increase the offer price? • In 2006 Mark and Randall Mays approached Goldman Sachs to discuss several options for the proposed sale of Clear Channel Communications. Options included a leveraged buyout, a complete spinoff of CCO, and/ or the sale of certain assets such as rural-market radio stations and all of its television stations. • The LBO came to the forefront and the Randalls met with private equity firms Blackstone and Providence Equity. Blackstone and Providence presented a bid as a consortium to buy Clear Channel for $34 per share. The independent board of directors swiftly rejected the price as they felt it was not adequate. Blackstone and Providence then indicated they might be willing to increase their bid to 35.50. Soon after private equity firms Thomas H Lee Partners expressed interest in bidding along with Bain Capital and TPG to form a competing consortium. Two more consortiums also had come together Apollo Management and the Carlyle Group, and Cereberus Capital Management and Oak Hill Capital Management. • Each consortium separately proposed a price of $ 36.50 per share. The board felt the bids were too similar to each other to choose and requested they improve their share price. In November 2006 the consortium...
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...followers. SFX states their mission as enabling the movement by providing the best live experience to fans, music discovery and by connecting other fans and events. Through continuing investments in their festivals and events, adding new creative aspects and expanding into new-unexplored markets, the company has become a major player in the production of electronic dance music (“EDM”) festivals and events. The company plans to continue its growth as well as launching new and exciting events for the EMC community. Keywords: SFX Entertainment Inc., EMC, EDM, music, festivals, events SFX Entertainment Inc. Backgrounder Company History SFX Broadcasting was founded by Robert F.X. Sillerman in 1992, and spurred the consolidation of the radio business after Sillerman bought 120 radio stations under the company’s name. SFX Entertainment then became a spin off from SFX Broadcasting; bring with it the consolidation of the live entertainment industry (Waddell & Verna, 1998). Soon after in 1996, Sillerman bought New York concert promoter Delsener-Slater Enterprises followed by several acquisitions of entities such as sports agency Falk Associates Management Enterprises, New England concert promotion company Don...
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...Article 2: Communication in international business- to- business marketing channels Does culture matter? This article deals with the question if and how cultural variations influence channel communication . Finding show that there is a relationship between culture and channel communications in international channels. The autor , Bert Rosenbloom, described Hall’s (1976) proposed high-contex versus low- contex dichotomy to explain the different cultural orientations. It is a simple two category basis for grouping the cultures of many different countries to help understand the hidden codes in communication, stemming from „cultural distance“. The expressions "high context" and "low context" are labels which shows the cultural differences between societies. High-context and low-context communication refers to how much speakers rely on things other than words to convey meaning. First, Hofstede's cultural model and the model approaches Hall presented, where the main cultural differences are described. The cultural model of Hofstede with its five dimensions and the corresponding index values provides information about cultural differences and their possible impact in intercultural cooperation. The five dimensions in Hofstede's cultural model, "power distance", "collectivism versus individualism," "femininity versus masculinity," "uncertainty avoidance" and "long-term versus short-term orientation". Together, the five dimensions of a cultural model in which differences can be measured...
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...Detecting Media Bias Nolan Tisdale HUM/111 9/15/2013 James Williams, PhD, DM, CHE Detecting Media Bias The article titled Lawsuit targets Medicaid expansion in Arizona, discusses the latest lawsuit filed by Legislators to targeting the federal Healthcare Reform Law. This article was posted on September 12 2013, on the Fox 10 Phoenix website. The subject of the article is the Lawsuit filed by 36 Republican legislators to target GOP Gov. Jan Brew’s plan to expand Arizona’s health care program. Having a clear understanding that Fox News identifies itself with, and targets the conservative Republican audience, it was very important to take this into consideration when determining the creditability of the story. It was important to observe the author presenting the facts in a clear and accurate manner, and paying extra care to detail. The fact that the author did not leave the facts to interpretation by making vague or over the top statements, leads one to believe that the article was not written in a bias manner. The story was presented in a manner that clearly identified and represented the perspective of all the parties involved in the discussion. The author describes the suit filed by 36 Republican legislators and a pair of citizens, through the Goldwater Institute, and the grounds on which these opponents of the Medicaid expansion plan believe they are filing the suit, while giving equal time and consideration...
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...1) What is the value proposition of XM to different consumer segments? Who should be the primary target market for XM? * Nationwide coverage with excellent audio service * Greater variety of channels to choose from * Availability: home as well as for people on the go * Commercial-free XM satellite radio’s ability to provide radio service throughout the entire country regardless of a consumer’s location. Furthermore, terrestrial radio offers limited selection and is becoming increasingly cluttered with commercials. Therefore, XM satellite radio provides a greater selection of radio for the various preferences of consumers, commercial free. Furthermore, as an added bonus subscribers will have the opportunity to listen online from their home or office. Based on XM’s research, their target market should be focused on the Tech-Seekers demographic. This demographic appears to present the best opportunity for market penetration. They are more inclined to purchase the XM service and become lifetime customers because of their desire to be on the cutting edge of technology. Moreover, this demographic is very similar to the second largest market interested in satellite radio, Tech-Friendly consumers. Therefore, there is greater opportunity for these Tech-Friendly consumers to purchase the service as well. Between these two groups, XM satellite radio has the ability to gain quick financial stability to capture more of the market share. 2) What aspects need to be considered...
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...Amanda Liford 11/05/2013 Short Story Analysis The Catbird Seat The Catbird Seat, written by James Thurber, is a short story about Mr. Martin who carefully puts together a plan to remove the new special advisor who has done nothing but threaten to eliminate his department and belittle him. She even asks him if he is “sitting in the catbird seat?” which he later finds out means sitting pretty. This story doesn’t end the way he had planned or does it? The story begins with Mr. Martin secretly buying a pack of Camels cigarettes because the staff of F&S believe that he has never smoked or drank. Mr. Martin has been working for F&S for twenty-two years. He is a very concentrated man and worker. Mr. Martin is very set in his ways and almost even OCD. He has his routine and he sticks to it. Not only that but he is very thoughtful about what he is trying to accomplish and looks at everything and every step of every possible outcome. This has been the reason for his success. So when someone like the new special advisor, Mrs. Barrows, comes in and tries to delete Mr. Martin’s department, he has a good reason to be upset that someone is messing with his routine. She has also been the cause of several other employees quitting or being fired. Mr. Martin sees the threat she has caused this company and will find a way to take care of it. Mr. Martin has carefully crafted a way to surprisingly kill Mrs. Barrows. This doesn’t seem like something Mr. Martin could execute but like...
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...Detecting Media Bias Detecting Media Bias The recent news article I have chosen is the standoff that is happening in Southern Nevada between the Federal Government and Cliven Bundy, a local rancher. The Federal Government claims that Bundy has not paid grazing fees for the last 20 years, Bundy feels that he does not have to because his family have worked the land since the 1880’s, which would give him rights to the land (Fox News, 2014) . The report by Fox News on their website appeared to be accurate, but it was clear that they were definitely siding more with Mr. Bundy than with the Federal Government. There were only comments and statements from Mr. Bundy himself or his supporters. When I checked the same story at CNN’s website, they had statements from both side of the issue. The report mentions how Bundy’s family called for assistance from Militia and his supporters after a couple acts of violence from law enforcement, his son was shot with a stun gun and his sister was pushed to the ground. There was no mention in the Fox new report, that the Bundy family and their supporters confronted rangers, and that a police dog was kicked and officers being assaulted, incidences that were reported on the CNN website (CNN, 2014). The report is clearly only reporting and favoring one side of the story, where as other news agencies are reporting a more balanced story. The Fox news report is putting a lot of emphasis on to the rights and treatment of Mr. Bundy, stating...
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...Business Strategy: Pandora created and provides an easily accessible Internet radio platform personalized to and by individual listeners. Launched in 2000, Pandora Media created a way for individuals to stream their favorite songs without purchasing them. With over 900,000 songs, Pandora takes the likes and dislikes of each individual consumer into account to make customized stations of exactly what they want to hear. Pandora is focused on Mobile Monetization which is a two prong approach. Digital Strategy and Radio Strategy are the two main areas of focus. The Digital strategy is focused on reaching its customers through the online and mobile devices where the Radio Strategy is trying to reach more consumers through the Interactive and Measureable Audio Products. Traditional broadcast radio currently stands at approximately $73 per 1,000 listener hours, where the mobile platform only stood at $20, which shows the most room for improvement. The mobile platform had increased by 50% since last year and is forecasted to continue to climb at a rapid rate. Close to 70% of all active listeners, now come from the mobile platform which shows transition of today’s society. Pandora has over 200 million registered users and more than 76 million active users. Pandora's major source of revenue are through advertisements it serves on its mobile and web platform. Currently Pandora serves less than one minute of audio ads per hour of listening. This guarantees greater consumer interaction...
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...Communication Channel Scenarios Senario 1 In scenario one, the vice president of operations charges the manager with rapidly putting together a strategy with his team. The compressed time line for the development of a strategy requires a communication rich channel to enable the team to work quickly with maximum feedback to the effort in near real time. The team must include as many ideas as possible first before breaking off to research the data necessary to build a strong supporting argument for their chosen business case. What communication channel will you use? The best communication channel that will meet the requirements of this situation is a face to face team meeting. The meeting can take place in a conference room or via a video conference, but will be face to face. Using video conference solutions is similar in most regards to a live meeting of the whole team in the same room. Our modern workplace, with dispersed workforce, does not always allow for a work group to be located in the same room. Why is this channel the best choice in this situation? The face to face communication channel is the best choice, because it allows all team members to interact in real time. The team can share ideas as they develop during the discussion and present those real time to the rest of the team members. In this scenario, the team has very little time to develop ideas, and then follow up those ideas with the necessary research to determine which of the team ideas have sound...
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...Communication Channels Master in Business Administration (MBA.) Abstract Why communication channels are important Every communication is very important and it has different channels. In the communication process “we” have to understand the channel to use, if a person wants to send a message (the sender), that person has to be aware to have the right encoded message so the receiver will easily decode it and get the right meaning of it. In an organizational communication channel we, have to understand the direction of the message (downward, upward and, lateral communication) so we can provide the appropriate feedback to the sender. When we refer to communication channels the communication could be orally or verbally or it can be a written one, sometimes both types of communications are necessary to deliver the right message. When we provide oral communication, especially in business we, have to provide the information, explain why we are taking that action, refrain from any rumors and at the end maintain as much as possible all communication channels open. If we want to use electronic communication we have to keep in mind to be clear (avoiding misrepresenting the message), especially when using e-mail. Another form of communication channel we have to be careful because is very important is the no verbal communication, especially when we deliver it to people from different cultures. In conclusion all type all communication channels are important in our daily lives. Communication...
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...topics: • Identify channels for business communications • Evaluate credibility and validity of sources of information. • Develop effective arguments The information addressed within our Weekly Reflection will provide direction for effectively distinguishing between formal and informal business communication channels. In addition, Learning Team A agrees that identifying the proper business communication channel will ensure the appropriate channels are used and messages are transmitted efficiently through the communication process. Lastly, Learning Team A will also address how the weekly topics relate to our field of business. Team A: Identify channels for business communications In efforts of identifying the various channels for business communication Learning Team A was able to relate to and understand collectively the various forms of communication used within business. We all share the common fact of possessing secure employment; however, the areas of business vary from entrepreneurship, management, and the medical field. Considering our areas of employment differ with regards to the area of business in which we all specialize in, they all come down to the some of the same channels for business communication. Two primary channels of business included face to face and email communication. Within entrepreneurship, management and the medical field utilizing the benefits of face to face and email communication is most effective. In...
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...Communication Paper MGT 521 Abstract Communication is the main source for a business to grow. There are different scenarios within this paper that business’s deal with daily. For the scenarios illustrated here, communication channels are chosen to fit each scenario demonstrating how each business should communicate their message. Communication channels include formal reports, bulletins, memos, letters, prerecorded speeches, electronic mail, online discussion groups, voice-mail, live speeches, telephone conversations, video conferences, and face-to-face conversations. Communication Channel Scenarios When dealing with a business there are several ways to communicate to employees. If it is by e-mail, phone, or face-to-face conversation it is still a way to communicate throughout a company. When dealing with businesses there are so many situations that will happen that could make managers lose their mind. Within the scenarios below, the best communication channel is illustrated and an explanation to support that decision. Scenario I: In Scenario I, The Vice President of Operations puts the marketing manager and her team in charge to develop a strategy for a new beverage to be introduce into the global market that did well in the United States. They have only one week to take this task back to their team, provide them with the product details, and get them started as quickly as possible. In this scenario we will determine: 1. What communication channel...
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...Communication Process By: Nick Sanchez Communication can best be summarized as the transmission of a message from a sender to a receiver in an understandable manner. The importance of effective communication is immeasurable in the world of business and in personal life. From a business perspective, effective communication is an absolute must, because it commonly accounts for the difference between success and failure or profit and loss. It has become clear that effective business communication is critical to the successful operation of modern enterprise. Every business person needs to understand the fundamentals of effective communication. Currently, companies in the United States and abroad are working toward the realization of total quality management. Effective communication is the most critical component of total quality management. The manner in which individuals perceive and talk to each other at work about different issues is a major determinant of the business success. It has proven been proven that poor communication reduces quality, weakens productivity, and eventually leads to anger and a lack of trust among individuals within the organization. The communication process is the guide toward realizing effective communication. It is through the communication process that the sharing of a common meaning between the sender and the receiver takes place. Individuals that follow the communication process will have the opportunity to become more productive in every aspect...
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...Communication Channels Communication Channels Communication channels are very important, and it is also beneficial to understand that the channels have different strengths and weaknesses. Communication can be split into two different parts, which consist of the message itself along with the content it contains, and the use of channel to submit the information. The channels of communication could consist of but are not limited to, an e-mail, a letter, or speaking with someone in person. It is not uncommon for communication to go wrong because someone chose the wrong channel, or the inappropriate content. Most of the time communication errors create short-term problems that if not corrected or given the proper acknowledgement can become long-term problems. In the health care field communication channels are used on many levels, and are not limited just to one particular type of facility. Communication Channels in Organizations Many uses of communication channels in a hospital need to function properly to provide efficient quality services. Steve Kelsey describes how communication is important in health care with “Effective access and communication, particularly the movement of information...
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...Evaluating and Selecting Communication Channels MGT/521 One of the most important characteristics of successful relationships is the use of effective communication. Effective communications are characterized by achieving both the successful transfer as well as the understanding of meaning of the information being communicated to the greatest degree possible (Robbins & Judge, 2011). Understanding the functions of communication and the elements of the communication process itself will maximize the probability that messages communicated will yield the highest degree of understanding of the intended meaning by the recipients. A critical element of the communication process that influences the degree of understanding of meaning as much as the formulation of the message itself is the communication channel selected for its delivery. The focus of this paper will be on evaluating and selecting a communication channel based on the nature and complexity of the message to be delivered. The selection of communication channels and the reasons for their selections in the following essay are based off the three Communication Channel Scenarios located on the student website. Evaluating and Selecting Communication Channels Scenario 1 As the Marketing Manager for a new beverage product that has done well in the United States, I’ve been directed by the Vice President of Operations to develop a strategy within one week to enter the product into the global market...
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