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DIAL vs. ETF Alternatives
Friday, Aug 302013, 10:19 AM
Friday, Aug 302013, 10:19 AM| Comment!
- Cumulus Media (CMLS +4%) will acquire Dial Global (DIAL.OB +83.3%) for $260M in cash ($45M equity/ $215M to retire the company's debt).
- CMLS will also sell 53 radio stations to Townsquare Media for $238M in cash. In addition, CMLS will trade Townsquare 15 stations "in two small and mid-sized markets" for five stations in Fresno.
- The deal for Dial Global gives CMLS new "NFL, NCAA, NASCAR, Olympics, AP Radio News and NBC News" content as well as "other popular programming."
- "These transactions give us the necessary scale to provide the marketing and enterprise solutions our advertising and affiliate partners require," CEO Lew Dickey says. (PR)
Friday, Nov 162012, 12:45 PMMidday top 10 gainers: SWSH +30%. PENN +30%. SHF +30%. OMX +20%. PRAN +17%. CCBG +20%. ASCA +15%. SUMR +14%. KWK +14%. OSIS +12%. Midday top 10 Losers: DIAL -76%. SAB -51%. DVAX -47%. SCMR -24%. BORN -20%. VIAS -18%. GAIA -18%. SHLD -17%. SINA -15%. EDS -15%. |Friday, Nov 162012, 12:45 PM| 2 Comments
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