MLB All-Star Game to Air Nationwide on XM Satellite Radio and CBS shares decline as Lehman cuts to 'Underweight'

City of Industry, CA --(www.USEquityNews.com)-- 07/08/2008 - Broadcasting industry alert provided by U.S. Equity News. Baseball fans across the U.S. can tune into XM Satellite Radio (NASDAQ: XMSR) for comprehensive coverage of the 2008 Major League Baseball All-Star Week in New York City, including the 79th MLB All-Star Game at Yankee Stadium on July 15. XM will air the All-Star Game, the Home Run Derby, and exclusive radio coverage of the XM All-Star Futures Game, featuring the top minor-league prospects from the U.S. and abroad. XM's baseball talk radio channel MLB Home Plate will be live from New York starting July 12 with Hall of Famer Cal Ripken Jr. at the All-Star FanFest at the Javits Center in Manhattan. Cal and his brother and fellow major-league vet Billy Ripken will host their weekly XM show "Ripken Baseball" at the XM broadcast booth in the convention center this Saturday 10-11 am ET. The Ripkens' guests will include the Yankees' Hall of Famer Whitey Ford.


Radio One, Inc. ("Radio One" or the "Company") (NASDAQ: ROIAK) announced that it has completed the acquisition of the assets of radio station WPRS-FM, located in the Washington, DC market, for approximately $38.0 million in cash. The Company began operating the station under a Local Marketing Agreement during the second quarter of 2007, at which time it changed the station's call letters to WPRS-FM and began programming the station with a gospel format. Radio One, Inc. (www.radio-one.com) is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners.

CBS Corp. (NYSE: CBS) shares declined on Recently after a Lehman Brothers analyst downgraded the news and entertainment company to "Underweight" on Recently, saying its radio and TV divisions may see weakness. Shares lost 53 cents, or 2.9 percent, to $18.07. Shares hit a fresh 52-week low of $17.86 earlier in the session. Anthony DiClemente said revenue declines in CBS's radio division have quickened since 2007 and the trend does not appear set to change. Meanwhile, DiClemente estimates core advertising revenue at CBS's TV stations declined 8 to 9 percent in the first quarter, and he expects difficulties at the company's network and stations to continue in the near term.

247MGI, Inc. (OTC: TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts. The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action. With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors.

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