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Mergers & Acquisitions

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Deal Overview

Buyer:
Mortenson Broadcasting Company
Actual Acquirer:
Mortenson Broadcasting Company
Target:
KRVA-AM
Deal Type:
Media & Entertainment
Agreement Date:
12/3/2003
Announcement Date:
12/3/2003
Announced Deal Value ($ M):
3.50
Status:
Completed
Completion Date:
8/30/2004

Consideration Breakout
Cash ($M) 3.5

Deal Pricing Ratios

Announcement Completion
Cash Flow Multiple (x) 12.0 12.0
Deal Terms
Description of Consideration

Mortenson Broadcasting Company paid $3.50 million in cash, including $175,000 in escrow, to acquire KRVA-AM from Entravision Communications Corp.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes John Pierce & Company
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Rigsby Ball Law Group PLC
Seller NA NA