|
|
Article: Cox Radio Announces Additional Share Repurchase Authorization.
- Article from:
- PR Newswire
- Article date:
- May 16, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ATLANTA, May 16 /PRNewswire-FirstCall/ -- Cox Radio, Inc. today announced that its Board of Directors has authorized an additional share repurchase program through which Cox Radio, from time to time, may repurchase up to $100 million of its Class A common stock in the open market or through privately negotiated transactions, with the amount and timing of repurchases to be determined by the company's management. In August 2005, an earlier share repurchase program was authorized for the repurchase of up to $100 million of Cox Radio's Class A common stock. As of March 31, 2007, $85 million of Class A common stock had been repurchased under that plan, and the company ...