Wednesday, December 10, 2008

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Buyer to turn 100.5 into Christian radio station

"The Drive" is switching drivers. WALC-FM, the local alternative rock radio station known as The Drive at 100.5 on the dial, has been sold for $2.3 million by a trust controlled by Clear Channel Communications Inc. The buyer was Radio Training Network.

Room-tax revenues dip $1.5M

Charleston County expects a $1.5 million shortfall this fiscal year in tax money it receives from hotel room sales, which have reeled under high gas prices, ominous weather and a lagging economy.

Southern plants fear repercussions if Big Three fail

SMYRNA, Tenn. â€" The foreign automakers that have chosen the South for their U.S. operations might have a lot to gain in the long run if the Detroit Three fail and give up their market share to companies like Toyota, Honda and Volkswagen.

Former CEOs assailed

WASHINGTON â€" Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers on Tuesday blamed former top executives at the mortgage giants for fueling the financial market turmoil that has dragged the country into a recession.

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