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Business Brief Headlines For July, 2012 - An Executive Digest of Broadcast Industry Happenings - Updated Every Business Day

Business Briefs Big Box

06/29/12 -  AB InBev to Swallow Corona Maker Grupo Modelo in $20 Billion Deal; But U.S. Importation Remains Crown Imports - The world's largest brewer just got a little bigger. In a $20.1 billion cash deal announced this morning, Anheuser-Busch InBev will take full control of Mexico-based Grupo Modelo, which makes Corona Extra.At the same time Grupo Modelo announced it would sell its 50% stake in Crown Imports, the U.S. importer of Corona, to Constellation Brands, Crown's other owner, for $1.85 billion. That means Crown will continue to control marketing, distribution and pricing decisions stateside for Corona, as well as the other Modelo beers in its stable including Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria. Agency relationships and advertising are likely to remain unchanged. The shop for Corona Extra is Cramer-Krasselt, while Goodby Silverstein & Partners has Corona Light and the fast-growing Modelo Especial brand. AdAge.com

06/28/12 - Cindy Laser names Sales Exec for BCCA Credit Association - Cindy Laser has been named Sales Executive for BCCA, the media industry’s credit association and a subsidiary of the Media Financial Management Association (MFM).  In this role, Laser is responsible for growing BCCA’s base of member-subscribers as well as selling advertising and sponsorships for MFM. Laser, who comes to BCCA from NAA Leads, brings more than 20-years experience in sales, marketing, business development and account management in the financial, automotive and e-commerce industry groups.  In addition to her sales, marketing and account management experience with NAA Leads, Laser held similar positions at Dean Witter, Experian and JP Morgan Chase, among others. “Cindy Laser brings this position the right set of skills and a personality to match them,” said Mary M. Collins, President & CEO of MFM and its BCCA subsidiary.  In addition to her role in selling BCCA membership services, Laser will work with MFM’s Membership Manager, Arcelia Pimentel, to achieve print and online advertising sales goals for The Financial Manager, MFM’s bi-monthly member journal and for the Associations’ annual Membership Directory.  More information about BCCA is available at http://www.bccacredit.com.

06/28/12 - College football playoff could kick payoff to $500M a year- TV rights for the NCAA football playoff beginning in the 2014-15 season could quadruple from the current postseason rate and hit $500 million a year, writes Rich Thomaselli. "You have to wonder where the tipping point for rights fees that these networks pay is, and when it's going to get to the point where they can't afford it," says rEvolution Executive Vice President Larry Mann. Advertising Age (tiered subscription model) (6/27)

06/26/12 - High court affirms 2010 decision on corporate spending- The U.S. Supreme Court affirmed its recent Citizens United decision classifying corporate political advertising as free speech by rejecting parts of Montana's 100-year-old Corrupt Practices Act. "Montana's experience, like considerable experience elsewhere since the Court's decision in Citizens United, casts grave doubt on the Court's supposition that independent expenditures do not corrupt or appear to corrupt," Justice Stephen Breyer wrote in a dissenting opinion. The Wall Street Journal (6/25), Advertising Age (tiered subscription model)/Campaign Trail blog

06/21/12 -Victoria Harker Named Gannett CFO; Succeeding Paul Saleh - Victoria Harker today was named chief financial officer of Gannett Co. She succeeds Paul Saleh, who left the company in May. Harker will join Gannett on July 23.Harker joins Gannett from AES Corp., a global power company, where she was chief financial officer and president of Global Business Services.  Prior to AES, Harker was acting CFO and treasurer at MCI. She serves on the boards of directors of Xylem and Darden Restaurants. Harker received her B.A. from the University of Virginia and holds a Masters in Business Administration degree from American University. TVNewsCheck

06/21/12 - Cox Target Media Acquires Savings.com - Cox Target Media has completed its acquisition of Savings.com, including its sister site, London-based Savoo.co.uk, as a wholly owned subsidiary. Savings.com joins Valpak as a Cox Target Media company. Savings.com is an online source for savings, personalized deals and the most knowledgeable money-savings experts online through its DealPro community. Through this acquisition, Cox Target Media substantially expands its business across traditional, digital, social and mobile platforms to solve unmet marketing industry needs. Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of Cox Reps. With $1.7 billion in revenue, the company operations include 15 broadcast television stations and one local cable channel, 86 radio stations, eight daily newspapers and more than a dozen non-daily publications, and more than 100 digital services. www.coxmediagroup.com.