Chancellor is set to purchase 50% of Radio Centro

Article Abstract:

Chancellor Media Corp. announced that it has reached an agreement to purchase 50% of Grupo Radio Centro SA for approximately $237 million in cash and stock. Radio Centro is the largest radio broadcasting company in Mexico. The deal is the most recent of Chancellor's high-profile acquisitions. The company is attempting to become a multimedia platform that brings radio, television, and outdoor billboard properties together.

Comment:

Chancellor Media Corp. to purchase 50% of Grupo Radio Centro SA for approximately $237 million

Asset sales & divestitures, Acquisitions & mergers, Radio Broadcasting, Media Planning/Goals, Mexico, Media Formation/Mergers, Radio broadcasting industry, Chancellor Media Corp., Grupo Radio Centro S.A. de C.V.

---

CompUSA reports $51.4 million loss for its 4th quarter

Article Abstract:

CompUSA Inc. announced that it posted a $51.4 million loss for the fiscal 1998 fourth-quarter. The company suffered the losses because of slow sales, reduced profit margins, and a charge worth $34 million for a new computer system. CompUSA predicted that it would see flat financial figures for the fourth-quarter. However, the firm also said that its pricing problems were over.

Comment:

Announced that it posted a $51.4 million loss for the fiscal 1998 fourth-quarter

United States, Sales, profits & dividends, Company Planning/Goals, Computer Stores, Computer and Software Stores, CompUSA Inc.

---

Similar abstracts:

• Abstracts: Radio concern Chancellor Media agrees to buy Martin Media for $610 million. Hearst-Argyle to buy broadcast unit from Pulitzer for $1.15 billion in stock
• Abstracts: Scotts agrees to buy part of Monsanto unit in a $300 million deal. American Home, Monsanto to combine in a stock swap valued at $35.08 billion
• Abstracts: ARCO expected to sell unit to Lyondell. AIG to buy SunAmerica for $1.8 billion
• Abstracts: Quickturn Design agrees to be acquired by Cadence in $253 million stock deal
• Abstracts: LSI Logic agrees to acquire Symbios from Hyundai in a $760 million deal. Medtronic agrees to buy Physio-Control in a stock deal valued at $538 million

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.