City of Industry, CA --(www.USEquityNews.com)-- 11/09/2007 - Broadcasting industry alert provided by U.S. Equity News. Gains in its outdoor advertising segment drove Clear Channel Communications Inc.'s (NYSE: CCU) third-quarter profits past Wall Street's expectation. The media company owns eight Cincinnati radio stations, including WLW-AM and WEBN-FM. It also owns WKRC-TV, which will be sold to a Rhode Island company as part of the divestiture of its TV station group.

Hearst-Argyle Television, Inc. (NYSE: HTV) recently announced third quarter 2007 net income of $9.7 million and earnings per diluted share of $0.10 compared to net income of $16.5 million and earnings per share of $0.18, in third quarter 2006. Results were impacted by $3.6 million of expenses incurred during the quarter associated with Hearst Corporation's recently expired tender offer for the 27% of HTV it does not already own. Excluding tender offer-related expenses, earnings per share would have been $0.13.

Gray Television Inc. (NYSE: GTN) said recently it swung to a third-quarter loss, as revenue declined with the loss of political ads from a year ago. The Atlanta company reported a loss of $4.2 million, or 9 cents per share, versus a profit of $519,000, or 1 cent per share, in the year-ago period. Analysts expected a loss of 6 cents per share, according to Thomson Financial.

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.

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

EMAIL THIS RELEASE
Your Name:
From Email:
To Email:
Message: