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With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Investment Dollars.

Posted by WYTZZ95FM <iframe src='https://members.boardhost.com/chicagomediachat/info/user=WYTZZ95FM' width='330' height='300' border=0 style='border:none;'> on May 23, 2024, 2:01 pm

If you did not know..... now you do! Please, read the whole article, not just my quotes. It is important, as this is proof positive this medium is dying and a quicker death to entities outside of our soil.

(The IRONY of the ALPHA MEDIA logo!)

Z

Employees, advertisers, and listeners are unlikely to notice much of a change. “It's business as usual for us,” Alpha Media CEO Bob Proffitt said Thursday.

BULL! (No pun intended)

In the second step of its financial reorganization, Alpha told the FCC that two groups with foreign sponsors would take sizable equity positions in the company. Alpha says Intermediate Capital Group would own a 39.1% stake. It has ties to the U.K., Cayman Islands, and the British Virgin Islands. Separately, BigSur Capital Partners would hold a 6.3% stake. It has ties to the Bahamas, Netherlands, British Virgin Islands, Cayman Islands, and New Zealand.

Link: With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Inv

Re: With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Investment Dollars.

Posted by Radiodadio <iframe src='https://members.boardhost.com/chicagomediachat/info/user=Radiodadio' width='330' height='300' border=0 style='border:none;'> on May 23, 2024, 2:31 pm, in reply to "With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Investment Dollars."

Amongst all of the Alpha cuts did Bob Profitt or any of the other directors take a salary cut?

Re: With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Investment Dollars.

Posted by WYTZZ95FM <iframe src='https://members.boardhost.com/chicagomediachat/info/user=WYTZZ95FM' width='330' height='300' border=0 style='border:none;'> on May 23, 2024, 3:13 pm, in reply to "Re: With FCC OK, Alpha Media Is Latest Radio Group To Tap Into Foreign Investment Dollars."

They never do.

They should have been shown the door. Just about every other industry would.

Z

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