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Case
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Reference no. 9-201-025
Published by: Harvard Business Publishing
Originally published in: 2000
Version: 29 May 2003
Length: 15 pages
Data source: Field research

Abstract

Radio One (NYSE: ROIA and RIOAK), the largest radio group targeting African-Americans in the country, had the opportunity to acquire 12 urban stations in the top 50 markets from Clear Channel Communications, Inc (NYSE: CCU) in the winter of 2000. The stations were being sold by Clear Channel Communications, Inc to obtain Federal Communications Commission (FCC) approval for its acquisition of AMFM, Inc (NYSE: AFM). Radio One was also negotiating the acquisition of nine stations in Charlotte, North Carolina, Augusta, Georgia, and Indianapolis, Indiana. The proposed acquisitions would double the size of Radio One. The case focuses on the strategic and financial evaluation of the proposed acquisitions.
Industry:
Size:
USD81.7 million revenues
Other setting(s):
1999

About

Abstract

Radio One (NYSE: ROIA and RIOAK), the largest radio group targeting African-Americans in the country, had the opportunity to acquire 12 urban stations in the top 50 markets from Clear Channel Communications, Inc (NYSE: CCU) in the winter of 2000. The stations were being sold by Clear Channel Communications, Inc to obtain Federal Communications Commission (FCC) approval for its acquisition of AMFM, Inc (NYSE: AFM). Radio One was also negotiating the acquisition of nine stations in Charlotte, North Carolina, Augusta, Georgia, and Indianapolis, Indiana. The proposed acquisitions would double the size of Radio One. The case focuses on the strategic and financial evaluation of the proposed acquisitions.

Settings

Industry:
Size:
USD81.7 million revenues
Other setting(s):
1999

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