| Radio One, Inc. | Memo To: Mr. Alfred Liggins III From: Team 5 Date: [ November 22, 2011 ] Re: Clear Channel Communications Inc. acquisitions Mr. Liggins The recent merger between Clear Channel Communications Inc. and AMFM has presented a rare opportunity for Radio One, Inc. The proposed divestiture of Clear Channel will be the largest in the history of the industry. Radio One, Inc. can acquire 12 established urban stations in the top 50 markets, which rarely become available. Market
Part 1: In 2000, Radio One, Inc. sees strategic opportunity in the opportunity to grow through acquisition, following a Clear Channel divestiture mandated by the FCC. The divestiture poses the opportunity to Radio One to acquire twelve (12) urban stations that are in the top 50 African American markets in the U.S. Even though the company saw tremendous growth through acquisition over the prior decade, this unique situation has the potential to generate significant shareholder value and further
Why does Radio One want to acquire the 12 urban stations from Clear Channel Communications in the top 50 markets along with the nine stations in Charlotte, NC, Augusta, GA, and Indianapolis, IN? What are the benefits and risks? After the Telecommunication act in 1996 significant consolidation occurred in the Radio Industry, thereafter Radio companies were able to obtain cost savings by acquiring multiple stations in one area and reaching economies of scale. The nation’s two biggest radio company
Executive Summary Radio One Corp. is the largest radio group targeting African-Americans in the country, and it’s got an excellent record by acquiring underperforming radio stations and turning them around. It’s contemplating whether to buy a significant amount of 21 radio stations (including 12 established urban stations in the top 50 markets and 9 stations from other companies) to be divested by one of the nation’s biggest owner of radio stations, Clear Channel, due to its merge with the other
Executive Summary Radio One Corp. is the largest radio group targeting African-Americans in the country, and it’s got an excellent record by acquiring underperforming radio stations and turning them around. It’s contemplating whether to buy a significant amount of 21 radio stations (including 12 established urban stations in the top 50 markets and 9 stations from other companies) to be divested by one of the nation’s biggest owner of radio stations, Clear Channel, due to its merge with the other
Case Study: Radio One, Inc. - Part A Corporate Valuation Date: 21-09-2009 Instructor: Dr. Oliver Spalt Course: 323058 Corporate Valuation Faculty Economics and Business Administration, Tilburg University P.W. Segers J.J.T.M. Zegers 779710 722085 1. Radio One’s opportunities and risks with respect to their acquisition policy We have identified four main benefits and five major risks with respect to the desired acquisition of 12 urban stations along with the nine stations in Charlotte
First of all, I would like to address the fact that if you look on the provided syllabus, Unit 4 encapsulates chapters 15 through 20 which is from between 1450 and 1750, so there is no need to be upset. Anyway, many monumental changes occurred throughout Unit 4 that affected the way people viewed their world and their place in it. Certain modern day changes in our perception of our world are similar to those changes from hundreds of years ago. The beginning of Unit 4, 1450, marks the time when the
“ The Road” written by Cormac McCarthy is a novel which uses a large variety of different language features to shape the reader 's reaction and leading the readers into thinking the idea that our current world really is fallible.“The road” is about a strong loving relationship between the father and son. Which is shown on every page of the novel. They are fighting for survival in this apocalyptic world of humanity which is heading to an end. For anyone realising that our world is fallible is quite
Sometimes it is often better to keep to ourselves as we are sometimes told, and perhaps this is true, with no worries about what is happening around us and instead experiencing peace and tranquility, we feel immense comfort and joy when we take care of ourselves. When this is the case with nations or nation-states isolating themselves from the rest of the world, this is called isolationism. In the real world, while isolationist policies may seem beneficial for nations in the short term by maintaining
perfect world. What they think is perfect is the total opposite of perfect. You are selected into your job and department. You have no name, all you have is what category you are in and some numbers after. Those numbers are there just so you can know who one another is. Men can’t love women. Women can’t love men. They want everyone to be happy and not go through