Changes to formats spark legal action
Clear Channel Radio announced late Wednesday that it sent a cease-and-desist order to Beasley Broadcast Group, asking it to stop copying the slogan and other lines Clear Channel is using on its new country station, WIBL-FM (105.7), "The Bull."
Beasley launched a nearly identical country station, "The Bulldog" on WGOR-FM (93.9) shortly after Clear Channel went live Friday afternoon. Both stations are using the position statement of "Today's Country and the Legends," and a 31-day commercial-free launch.
"We here at Clear Channel CSRA will vigorously defend our intellectual property," Clear Channel Augusta Vice President Barry Kaye said in a statement.
Beasley officials were not immediately available for comment after business hours Wednesday.
Ex-PeopleSoft CEO discloses strategy
WILMINGTON, Del. - A subdued Craig Conway admitted Wednesday that he responded to a hostile takeover bid for the company he led, PeopleSoft Inc., with a campaign of "vilification" aimed at Oracle Corp. and its chief executive, Larry Ellison.
Ousted just last week as PeopleSoft's president and CEO, Mr. Conway is expected to face tough questioning in a Delaware court, where Oracle is challenging PeopleSoft's takeover defenses.
Asked by an Oracle attorney if his immediate response to the June 2003 offer involved a strategy of vilifying, Mr. Conway responded, "Generally."
Airbus-Boeing flap escalates at WTO
WASHINGTON - A decades-long struggle between the world's two largest aircraft makers escalated into a new trade war between the United States and Europe, just as France's Airbus stepped up plans to challenge Boeing for lucrative U.S. defense contracts.
U.S. trade officials filed a complaint Wednesday with the World Trade Organization, contesting what they say are unfair subsidies to Airbus by European governments.
The European Union retaliated by filing its own complaint with the WTO, challenging U.S. tax breaks for Boeing.