Indie Talk Launches General Election Coverage with 'The Fight for Independents' Special Broadcast Exclusively on SIRIUS and Entercom chairman buys shares

City of Industry, CA --(www.USEquityNews.com)-- 06/26/2008 - Broadcasting industry alert provided by U.S. Equity News. Satellite Radio (NASDAQ: SIRI) today announced that Indie Talk, the first radio channel for independent voters, will broadcast "The Fight for Independents" -- a live, town hall style roundtable discussion program. As the candidates and the nation prepare for the general election, political maverick Ron Silver, comedian Pete Dominick, and former Court TV anchor Vinnie Politan, all hosts on Indie Talk, will hold a live open-forum call-in broadcast with independent voters to find out how they plan to cast their votes and why. The one hour broadcast, airing at 1 pm ET, Tuesday July 8th, will also feature top political analysts from prominent blogs covering the election season, from The Huffington Post to Newsweek's The Stumper to Beliefnet.com, who will share their insight on how the candidates are appealing to independent voters on the campaign trail.


The Broadcaster Traffic Consortium (BTC), a nationwide coalition of radio companies formed to distribute data via HD Radio(R) technology, announced that three additional radio companies will contribute spectrum to the venture: Cumulus Media (NASDAQ: CMLS), Hubbard Broadcasting and Cobalt Operating, LLC. The three new partners complement the current BTC coverage by providing key market contributions, particularly in medium and smaller markets across the United States.

The chairman of radio broadcaster Entercom Communications Corp. (NYSE: ETM) bought 135,600 shares of stock, according to Securities and Exchange Commission filings Tuesday. In Form 4s filed with the SEC, Joseph M. Field reported buying the shares for $7.35 to $7.63 apiece on Friday and Monday. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

247MGI, Inc. (OTC: TOFS) ("247MGI") is pleased to announce that a substantial shareholder of the Company has agreed to send back to the Company 40 million shares of common stock to be canceled for Preferred shares in the Company. 247MGI has been working on this transaction for awhile and expects the certificates back in its possession within the next couple of weeks. When the 340 million share of common stock are canceled the number of outstanding shares will be 59 million, a big enough reduction for the Company to move forward with its planned reduction of the Authorized shares to 90 million. 247MGI is placing a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!

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