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Mergers & Acquisitions

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Deal Overview

Buyer:
Salem Communications Corporation
Actual Acquirer:
SCA License Corporation
Target:
KSZZ-AM
Deal Type:
Media & Entertainment
Agreement Date:
7/9/2001
Announcement Date:
7/9/2001
Announced Deal Value ($ M):
5.00
Status:
Completed
Completion Date:
12/26/2001

Consideration Breakout
Cash ($M) 5.0

Deal Terms
Description of Consideration

Salem Communications Corporation paid approximately $5.0 million in cash, including $350,000 in escrow, to acquire KSZZ-AM from Entravision Communications Corp.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes MVP Capital LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Fletcher Heald & Hildreth PLC
Seller Yes Thompson Hine LLP