Re: NorthEast Radio Watch 2/11: Doing the Greater Media Shuffle

[Mark <bostonradio@yahoo.com>]

Basically, someone else like Cox this week
or ARS back in 1995 assumes full debt for Marlin's
stations involved in the deal. Marlin gets out of debt,
retains the stations it wants to keep and makes
considerable profit in the buy-back process.  In the ARS
deal, Marlin also remained former WFLN's landlord in
Philly. The buyer ends up with a major market signal
(ARS got into Philly and Detroit, Cox added Miami)
at a higer price.  Not a bad deal if you can find it.

These moves free up some liquidity which keep Woody
doing what he likes to do best -- write medical mystery
novels and then, hopefully, sell the rights to Hollywood
producers.)



--- Dib9@aol.com wrote:
> What's the point of structuring a deal in this manner?
> 
> -- Dan Billings, Bowdoinham, Maine
> 
>
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