Alta Comm. And Partners Acquire Controlling Interest In First Broadcasting Investment Partners
November 15, 2007 at 12:42 PM (PT)
BOSTON-based ALTA COMMUNICATIONS, a broadcast industry private equity group, has partnered with CEO GARY LAWRENCE and executive committee members HAL ROSE and BOB DENNY to acquire a controlling interest in FIRST BROADCASTING INVESTMENT PARTNERS, LLC.
"We could not be more excited," said ALTA General Partner BOB EMMERT. "As broadcast technologies continue to evolve, successful investing will require the kind of innovation and creativity that First Broadcasting brings to our industry." EMMERT and ALTA Managing General Partner BRIAN MCNEILL will serve on the board of directors along with FIRST BROADCASTING CEO GARY LAWRENCE.