Re: Vikings upset Karmazin

[Mark <bostonradio@yahoo.com>]

--- Shawn Mamros <mamros@MIT.EDU> wrote:

> 1996 - CBS (that is to say, the post-Westinghouse acquisition version of
> CBS) purchases Infinity.  This deal did technically change WBCN's ownership,
> so it would've required a price tag to be put on the station, even though
> it was part of a package deal.
> 

CBS was/is also a publicly-traded company. There are specific
SEC regulations requiring company's board to itemize/disclose any
pending and completed acquisitions to its majority/minority shareholders,
regardless of the transaction type --  a group/division/region/company
merger, trade/swap, single station-buy....Also, internal auditing
is another major factor why the stations are valued separately -- the
books HAVE to balance at year's end.(main reason why the Big Dig bosses
could never work in a private sector...:)

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