A home run for Millennial
Baltimore's Millennial Media Inc. has a new publisher for its mobile-device-size commercials: Major League Baseball. The company announced that MLB.com will be stripping Millennial-made advertisements across its Web pages designed for cell phones and personal digital assistants.
Coke buys Honest Tea
Coca-Cola Co. has agreed to pay $43 million for a stake in Honest Tea Inc., the Bethesda maker of organic low-calorie bottled tea. The deal gives Coca-Cola 40 percent of Honest Tea and an option to buy the rest of the company. The deal values Honest Tea at $108 million.
Political ads aid Sinclair
Political advertising that may reach record levels is expected to boost revenue this year for Sinclair Broadcast Group Inc. of Hunt Valley. The company said it expects political ad revenue of $2.2 million for the first quarter, compared with $600,000 in the first three months of 2007.
Constellation, PSC rift grows
Public Service Commission complained last week when Constellation Energy Group executives didn't appear at a hearing to discuss disputed terms of a 1999 agreement to deregulate the power industry, continuing an escalating feud over rising electricity rates.
Nursing school gets big check
Gov. Martin O'Malley announced that he is allocating $3.4 million to the University of Maryland School of Nursing to help alleviate a growing shortage of nurses in the state. A task force has warned that the state could face a shortage of 10,000 nurses in 10 years.