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Latest ABC Radio Stories

2006-01-22 14:09:46

By Julie MacIntosh PHILADELPHIA (Reuters) - Walt Disney Co. could pick a buyer for ABC Radio within as little as a week or two, and sources close to the deal said Kohlberg Kravis Roberts & Co. and Entercom Communications Corp. may end up bidding against each other to determine a winner. The protracted sale of ABC Radio has drawn a variety of bidders, including radio rivals Citadel Broadcasting Corp., Emmis Communications Corp. and Cumulus Media Inc.. But Emmis pulled out of the...

2005-07-21 14:33:52

By Julie MacIntosh NEW YORK (Reuters) - Walt Disney Co. has received several early-stage bids for its ABC Radio business, but the media group plans to fish for better offers and talk to private equity firms before it decides on whether to proceed with a sale, according to sources close to the process. Radio station operators Emmis Communications Corp. and Entercom Communications Corp. have done diligence and made offers for ABC Radio; and Citadel Broadcasting Corp. is also interested, the...

2005-07-13 12:17:32

NEW YORK (Reuters) - Sirius Satellite Radio Inc. Chief Executive Mel Karmazin is considering a bid for Walt Disney Co.'s ABC Radio unit, the New York Post reported on Wednesday. Both Sirius and Disney declined comment. However, Sanford Bernstein analyst Craig Moffett said that he had spoken with a Sirius representative who denied having any appetite for Disney's radio operation, stating that Sirius has no interest in buying terrestrial radio stations. "Buying terrestrial radio stations...

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2005-07-13 12:15:00

NEW YORK -- Sirius Satellite Radio Inc. Chief Executive Mel Karmazin is considering a bid for Walt Disney Co.'s ABC Radio unit, the New York Post reported on Wednesday. Both Sirius and Disney declined comment. However, Sanford Bernstein analyst Craig Moffett said that he had spoken with a Sirius representative who denied having any appetite for Disney's radio operation, stating that Sirius has no interest in buying terrestrial radio stations. "Buying terrestrial radio stations makes no...


Word of the Day
siliqua
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'
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