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Mergers & Acquisitions

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Deal Overview

Buyer:
First Broadcasting Company, LP
Actual Acquirer:
First Broadcasting Company, LP
Target:
Two FM stations
Deal Type:
Media & Entertainment
Agreement Date:
9/13/2000
Announcement Date:
9/13/2000
Announced Deal Value ($ M):
7.00
Status:
Completed
Completion Date:
1/29/2001

Consideration Breakout
Unclassified ($M) 7.0

Deal Pricing Ratios

Announcement Completion
Cash Flow Multiple (x) 10.0 10.0
Deal Terms
Description of Consideration

First Broadcasting Company LP exchanged KXGM-FM to acquire two FM stations and a tower from Entravision Communications Corporation. First Broadcasting Company LP also received additional $22.0 million.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Gary Katz
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Shook Hardy & Bacon LLP
Seller NA NA