|
|
Article: Childrens's Broadcasting Corporation Signs Letters Of Intent To Sell Seven Radio Stations.
- Article from:
- Business Wire
- Article date:
- February 19, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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)
|
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 19, 1998--Children's Broadcasting Corporation (CBC) (Nasdaq NMS: AAHS) announced today that it has entered into several letters of intent for the sales of seven of its radio stations in major markets, and that it will be seeking shareholder approval in May or June for the sale of all or substantially all of its radio stations. CBC has received significant interest from potential purchasers of its radio station properties following the January announcement of the failure of Global Broadcasting Company, Inc. to close upon the purchase of CBC's radio stations.
The sale of the stations are subject to various contingencies, ...