City of Industry, CA --(www.USEquityNews.com)-- 11/07/2007 - Broadcasting industry alert provided by U.S. Equity News. 247MGI Inc. (OTC: TOFS) ("247MGI"), recently wanted to update shareholders on several issues concerning the company such as; the 10Q, the uplist to the OTCBB, the 14C for the authorized share reduction, 247Broadcast Network, and the release of our proprietary player. 247MGI has been trying to resume trading on the OTCBB since September 27 when a Form 211 Exemption was filed. We have had several delays until we received a response indicating the company needed to use a certain Item number in the 211 that would negate the use of the Exemption.

Radio One, Inc. (NASDAQ: ROIAK) recently reported its results for the quarter ended September 30, 2007. Net revenue was approximately $90.4 million, a decrease of 1.7% from the same period in 2006. Station operating income1 was approximately $40.9 million, a decrease of 11.6% from the same period in 2006. Operating income was approximately $31.6 million, a decrease of 7.8% from the same period in 2006.

Shares of XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) jumped recently after federal regulators asked for information on a proposed merger with Sirius Satellite Radio Inc. (NASDAQ: SIRI), and at least one analyst said it was good news for the deal. Bear Stearns analyst Robert Peck said the request by the Federal Communications Commission hints that the Department of Justice may be close to approving the merger. "If the DOJ were close to denying the deal, the need for such detailed information would not have arisen in the first place," Peck said in a client note.

Cox Radio Inc. (NYSE: CXR) said recently third-quarter earnings fell 16 percent, as national advertising revenue continued to decline amid an industrywide shift toward the Internet. Cox said net income dropped to $20.2 million, or 21 cents per share, from $24 million, or 25 cents per share, in the year-ago period. The result was a penny better than analysts expected, according to Thomson Financial.

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